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 | |
|---|---|---|---|---|---|---|
1251
Guidewire Software
GWRE
$12B
| $24.7M | 0.01% |
359,797
-65,832
| -15% | -$4.19M |
|
1252
First Solar
FSLR
$20.5B
| $24.7M | 0.01% |
619,023
-234,503
| -27% | -$7.97M |
|
|
CSRA
1253
DELISTED
CSRA Inc.
CSRA
| $24.7M | 0.01% |
776,637
-64,017
| -8% | -$1.92M |
|
1254
Merit Medical Systems
MMSI
$5.14B
| $24.7M | 0.01% |
646,210
+62,886
| +11% | +$2.1M |
|
|
ALEX
1255
DELISTED
Alexander & Baldwin
ALEX
| $24.6M | 0.01% |
595,077
+118,482
| +25% | +$5.07M |
|
1256
Element Solutions
ESI
$7.82B
| $24.6M | 0.01% |
1,938,791
-91,936
| -5% | -$1.2M |
|
1257
FirstService
FSV
$5.78B
| $24.6M | 0.01% |
383,333
+19,485
| +5% | +$1.21M |
|
1258
BGC Group
BGC
$5.79B
| $24.6M | 0.01% |
3,021,228
+383,701
| +15% | +$2.87M |
|
1259
Varex Imaging
VREX
$778M
| $24.4M | 0.01% |
722,136
-341,698
| -32% | -$11.6M |
|
1260
Pilgrim's Pride
PPC
$7.06B
| $24.4M | 0.01% |
1,112,194
| – | – |
|
|
ACH
1261
Accendra Health
ACH
$82.3M
| $24.3M | 0.01% |
755,865
-230,708
| -23% | -$7.57M |
|
|
GPOR
1262
DELISTED
Gulfport Energy Corp.
GPOR
| $24.3M | 0.01% |
1,648,737
| – | – |
|
1263
Azenta
AZTA
$1.45B
| $24.3M | 0.01% |
1,121,053
+314,526
| +39% | +$7.97M |
|
|
CLR
1264
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $24.3M | 0.01% |
751,383
+191,183
| +34% | +$7.56M |
|
|
NAVG
1265
DELISTED
Navigators Group Inc
NAVG
| $24.2M | 0.01% |
441,673
+113,428
| +35% | +$6.03M |
|
1266
WesBanco
WSBC
$3.79B
| $24.2M | 0.01% |
612,245
+106,300
| +21% | +$4.12M |
|
1267
QuidelOrtho
QDEL
$739M
| $24.1M | 0.01% |
889,662
+112,956
| +15% | +$2.8M |
|
1268
SouthState Bank Corp
SSB
$10.1B
| $24.1M | 0.01% |
281,731
+8,480
| +3% | +$733K |
|
1269
Ingevity
NGVT
$2.35B
| $24.1M | 0.01% |
420,419
+48,738
| +13% | +$2.87M |
|
1270
Post Holdings
POST
$3.56B
| $24.1M | 0.01% |
474,821
-105,888
| -18% | -$5.71M |
|
|
DNB
1271
DELISTED
Dun & Bradstreet
DNB
| $24.1M | 0.01% |
222,881
+71,856
| +48% | +$7.69M |
|
|
RDC
1272
DELISTED
Rowan Companies Plc
RDC
| $24.1M | 0.01% |
2,349,667
-442,516
| -16% | -$5.8M |
|
1273
Caesarstone
CSTE
$99.2M
| $24M | 0.01% |
684,829
+396,385
| +137% | +$14.9M |
|
1274
Transocean
RIG
$6.19B
| $24M | 0.01% |
2,913,037
-2,201,117
| -43% | -$22.5M |
|
|
SKX
1275
DELISTED
Skechers
SKX
| $24M | 0.01% |
812,333
-279,888
| -26% | -$7.23M |
|
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.