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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.07%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$264B
AUM Growth
+$11.6B
Cap. Flow
+$1.12B
Cap. Flow %
0.43%
Top 10 Hldgs %
14.86%
Holding
2,207
New
81
Increased
871
Reduced
707
Closed
82

Top Buys

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$764M
2
LEA icon
Lear
LEA
+$169M
3
BABA icon
Alibaba
BABA
+$169M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$168M
5
BAC icon
Bank of America
BAC
+$156M

Top Sells

Rank Stock Value
1
DD
Du Pont De Nemours E I
DD
+$712M
2
BLK icon
Blackrock
BLK
+$428M
3
AMP icon
Ameriprise Financial
AMP
+$273M
4
BHI
Baker Hughes
BHI
+$220M
5
CC icon
Chemours
CC
+$196M

Sector Composition

Rank Sector Weight
1 Financials 18.77%
2 Technology 15.62%
3 Healthcare 13.61%
4 Consumer Discretionary 9.6%
5 Industrials 9.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IART icon
1251
Integra LifeSciences
IART
$1.33B
$26.8M 0.01%
530,916
+46,675
+10% +$2.4M
ANAT
1252
DELISTED
American National Group, Inc. Common Stock
ANAT
$26.8M 0.01%
226,906
+46,076
+25% +$5.42M
EXLS icon
1253
EXL Service
EXLS
$5.29B
$26.8M 0.01%
2,297,015
+449,075
+24% +$5.03M
ALK icon
1254
Alaska Air
ALK
$5.62B
$26.8M 0.01%
351,182
+13,121
+4% +$1.07M
AGRO icon
1255
Adecoagro
AGRO
$1.38B
$26.8M 0.01%
2,476,968
+811,276
+49% +$8.12M
BHP icon
1256
BHP
BHP
$229B
$26.7M 0.01%
739,174
– –
ULTI
1257
DELISTED
Ultimate Software Group Inc
ULTI
$26.7M 0.01%
140,916
– –
BFAM icon
1258
Bright Horizons
BFAM
$3.9B
$26.7M 0.01%
309,620
– –
BTG icon
1259
B2Gold
BTG
$6.6B
$26.6M 0.01%
9,668,985
+843,284
+10% +$2.23M
MXL icon
1260
MaxLinear
MXL
$6.81B
$26.6M 0.01%
1,119,024
+478,176
+75% +$11.5M
UNIT
1261
Uniti Group
UNIT
$2.32B
$26.6M 0.01%
1,811,513
-1,128,069
-38% -$23.8M
MNDT
1262
DELISTED
Mandiant, Inc. Common Stock
MNDT
$26.5M 0.01%
1,582,612
+297,814
+23% +$4.57M
SUM
1263
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$26.3M 0.01%
846,772
+258,379
+44% +$7.33M
BIG
1264
DELISTED
Big Lots, Inc.
BIG
$26.3M 0.01%
490,883
+41,955
+9% +$2.07M
GRFS
1265
Grifois
GRFS
$5.47B
$26.3M 0.01%
1,200,000
+500,000
+71% +$10.4M
NGVT icon
1266
Ingevity
NGVT
$2.68B
$26.3M 0.01%
420,419
– –
DAN icon
1267
Dana Inc
DAN
$3.09B
$26.2M 0.01%
937,637
-44,512
-5% -$1.08M
ISCA
1268
DELISTED
International Speedway Corp
ISCA
$26.2M 0.01%
727,964
+330,225
+83% +$11.5M
KBH icon
1269
KB Home
KBH
$3.55B
$26.2M 0.01%
1,086,388
-126,865
-10% -$2.86M
MGRC icon
1270
McGrath RentCorp
MGRC
$2.99B
$26.2M 0.01%
598,046
+105,126
+21% +$4.03M
TBI
1271
Trueblue
TBI
$312M
$26.1M 0.01%
1,163,319
– –
NXGN
1272
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$26.1M 0.01%
1,659,876
– –
PNK
1273
DELISTED
Pinnacle Entertainment Inc.
PNK
$26M 0.01%
1,220,126
+49,229
+4% +$968K
HNI icon
1274
HNI Corp
HNI
$3.56B
$26M 0.01%
626,243
-187,939
-23% -$7.07M
FWONA icon
1275
Liberty Media Series A
FWONA
$23.5B
$25.9M 0.01%
742,250
– –
49 50
51
52 53

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Norges Bank's Q3 2017 Portfolio in Review

As of Q3 2017, Norges Bank held 2,207 positions worth $264B, up 4.6% from $252B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Norges Bank's Q3 2017 filing shows 81 new, 871 increased, 707 reduced and 82 closed positions. Its largest new stake was Alibaba: 1,042,351 shares worth $180M. The largest sale was Du Pont De Nemours E I, an estimated $712M.

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 Q3 2017 buy was Alibaba: 1,042,351 shares worth $180M.
  • Norges Bank added most to DuPont de Nemours in Q3 2017, an estimated $764M increase.
  • Norges Bank's biggest Q3 2017 reduction was Blackrock, cutting an estimated $428M.
  • Norges Bank fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $712M.
  • Norges Bank's ten largest holdings make up 15% of its $264B portfolio in Q3 2017.
  • Norges Bank opened 81 new positions and closed 82 in Q3 2017.
  • Norges Bank's portfolio value rose 4.6% quarter-over-quarter to $264B.

Based on Norges Bank's 13F filing for Q3 2017, filed 7 Nov 2017.