Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$334M |
| 2 |
AABA
Altaba Inc
AABA
|
+$288M |
| 3 |
Chubb
CB
|
+$238M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$235M |
| 5 |
Meta Platforms (Facebook)
META
|
+$229M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$1.25B |
| 2 |
Prudential Financial
PRU
|
+$897M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$318M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$313M |
| 5 |
Aflac
AFL
|
+$312M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.93% |
| 2 | Technology | 15.43% |
| 3 | Healthcare | 14.28% |
| 4 | Consumer Discretionary | 9.81% |
| 5 | Industrials | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
Euronet Worldwide
EEFT
$2.58B
| $25.5M | 0.01% |
292,418
+45,687
| +19% | +$3.91M |
|
|
CPLA
1227
DELISTED
Capella Education Company
CPLA
| $25.5M | 0.01% |
298,338
| – | – |
|
|
ESV
1228
DELISTED
Ensco Rowan plc
ESV
| $25.5M | 0.01% |
1,236,572
-206,987
| -14% | -$5.94M |
|
|
SHLM
1229
DELISTED
Schulman (A.) Inc
SHLM
| $25.5M | 0.01% |
796,150
+196,147
| +33% | +$5.83M |
|
1230
Trustmark
TRMK
$2.74B
| $25.4M | 0.01% |
790,511
-126,479
| -14% | -$4.05M |
|
|
KAMN
1231
DELISTED
Kaman Corp
KAMN
| $25.4M | 0.01% |
509,172
+149,676
| +42% | +$7.28M |
|
1232
Affiliated Managers Group
AMG
$8.87B
| $25.4M | 0.01% |
153,074
-82,141
| -35% | -$13.1M |
|
|
CNSL
1233
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $25.3M | 0.01% |
1,180,452
+173,735
| +17% | +$3.78M |
|
|
CY
1234
DELISTED
Cypress Semiconductor
CY
| $25.3M | 0.01% |
1,856,718
-228,058
| -11% | -$3.1M |
|
|
SSRI
1235
DELISTED
Silver Standard Resources
SSRI
| $25.3M | 0.01% |
2,606,031
+1,447,244
| +125% | +$14.5M |
|
1236
Banner Corp
BANR
$2.6B
| $25.3M | 0.01% |
447,673
+96,636
| +28% | +$5.32M |
|
|
RP
1237
DELISTED
RealPage, Inc.
RP
| $25.3M | 0.01% |
703,287
+196,509
| +39% | +$7.02M |
|
|
NVRO
1238
DELISTED
NEVRO CORP.
NVRO
| $25.3M | 0.01% |
339,567
+302,882
| +826% | +$24.3M |
|
1239
Grand Canyon Education
LOPE
$4.01B
| $25.3M | 0.01% |
322,207
+94,685
| +42% | +$7.25M |
|
|
EXTN
1240
DELISTED
Exterran Corporation
EXTN
| $25.2M | 0.01% |
944,448
+159,450
| +20% | +$4.52M |
|
1241
Invesco Mortgage Capital
IVR
$695M
| $25.2M | 0.01% |
150,878
+10,484
| +7% | +$1.7M |
|
|
NCI
1242
DELISTED
Navigant Consulting, Inc.
NCI
| $25.2M | 0.01% |
1,275,716
+258,445
| +25% | +$5.45M |
|
1243
Telephone and Data Systems
TDS
$4.27B
| $25.1M | 0.01% |
904,471
-117,597
| -12% | -$3.23M |
|
|
EFII
1244
DELISTED
Electronics for Imaging
EFII
| $24.9M | 0.01% |
526,462
+104,285
| +25% | +$4.98M |
|
|
CCP
1245
DELISTED
Care Capital Properties, Inc.
CCP
| $24.9M | 0.01% |
933,090
-269,316
| -22% | -$7.27M |
|
1246
Liberty Media Series A
FWONA
$21.9B
| $24.9M | 0.01% |
742,250
| – | – |
|
1247
O-I Glass
OI
$945M
| $24.9M | 0.01% |
1,040,483
-281,034
| -21% | -$6.17M |
|
|
FSP
1248
Franklin Street Properties
FSP
$34.3M
| $24.9M | 0.01% |
2,243,569
-27,135
| -1% | -$314K |
|
1249
B2Gold
BTG
$6.79B
| $24.8M | 0.01% |
8,825,701
+1,862,300
| +27% | +$4.91M |
|
1250
Acadia Realty Trust
AKR
$2.67B
| $24.8M | 0.01% |
892,114
+33,383
| +4% | +$958K |
|
Similar funds
Norges Bank's Q2 2017 Portfolio in Review
As of Q2 2017, Norges Bank held 2,216 positions worth $252B, up 3.4% from $244B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Norges Bank's Q2 2017 filing shows 77 new, 1,043 increased, 752 reduced and 90 closed positions. Its largest new stake was Altaba Inc: 5,288,554 shares worth $288M. The largest sale was Blackrock, an estimated $1.25B.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2017 buy was Altaba Inc: 5,288,554 shares worth $288M.
- Norges Bank added most to Du Pont De Nemours E I in Q2 2017, an estimated $334M increase.
- Norges Bank's biggest Q2 2017 reduction was Blackrock, cutting an estimated $1.25B.
- Norges Bank fully exited Yahoo Inc in Q2 2017, selling an estimated $318M.
- Norges Bank's ten largest holdings make up 15% of its $252B portfolio in Q2 2017.
- Norges Bank opened 77 new positions and closed 90 in Q2 2017.
- Norges Bank's portfolio value rose 3.4% quarter-over-quarter to $252B.
Based on Norges Bank's 13F filing for Q2 2017, filed 2 Aug 2017.