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 | |
|---|---|---|---|---|---|---|
|
CALY
1276
Callaway Golf Company
CALY
$2.65B
| $24M | 0.01% |
1,874,894
-93,217
| -5% | -$1.14M |
|
1277
ICL Group
ICL
$7.07B
| $23.9M | 0.01% |
5,073,701
-115,789
| -2% | -$499K |
|
1278
Northwest Bancshares
NWBI
$2.26B
| $23.9M | 0.01% |
1,532,198
+226,306
| +17% | +$3.61M |
|
1279
Bright Horizons
BFAM
$3.34B
| $23.9M | 0.01% |
309,620
+94,579
| +44% | +$7.18M |
|
|
TARO
1280
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $23.9M | 0.01% |
213,324
-30,807
| -13% | -$3.48M |
|
1281
United Natural Foods
UNFI
$2.79B
| $23.8M | 0.01% |
649,427
-35,668
| -5% | -$1.43M |
|
|
MDP
1282
DELISTED
Meredith Corporation
MDP
| $23.8M | 0.01% |
400,670
-242,626
| -38% | -$14.2M |
|
1283
Spire
SR
$4.72B
| $23.7M | 0.01% |
339,977
+13,509
| +4% | +$944K |
|
|
RAVN
1284
DELISTED
Raven Industries Inc
RAVN
| $23.7M | 0.01% |
711,151
+103,401
| +17% | +$3.33M |
|
|
ERF
1285
DELISTED
Enerplus Corporation
ERF
| $23.7M | 0.01% |
2,922,222
| – | – |
|
1286
Colliers International
CIGI
$4.56B
| $23.6M | 0.01% |
419,026
+38,572
| +10% | +$2M |
|
|
LTC
1287
LTC Properties
LTC
$2.32B
| $23.6M | 0.01% |
459,693
+26,643
| +6% | +$1.3M |
|
1288
White Mountains Insurance
WTM
$4.92B
| $23.6M | 0.01% |
27,182
+2,429
| +10% | +$2.11M |
|
1289
Hilltop Holdings
HTH
$2.22B
| $23.6M | 0.01% |
899,737
+20,200
| +2% | +$535K |
|
1290
First Financial Bancorp
FFBC
$3.38B
| $23.5M | 0.01% |
849,652
+178,639
| +27% | +$4.8M |
|
1291
BHP
BHP
$214B
| $23.5M | 0.01% |
739,174
| – | – |
|
|
INN
1292
Summit Hotel Properties
INN
$614M
| $23.5M | 0.01% |
1,257,917
+1,101,693
| +705% | +$19.2M |
|
1293
TriNet
TNET
$3.18B
| $23.4M | 0.01% |
715,287
+106,761
| +18% | +$3.26M |
|
1294
Morningstar
MORN
$7.6B
| $23.4M | 0.01% |
298,826
+73,738
| +33% | +$5.56M |
|
|
KW
1295
DELISTED
Kennedy-Wilson Holdings
KW
| $23.3M | 0.01% |
1,222,590
+108,399
| +10% | +$2.19M |
|
1296
Provident Financial Services
PFS
$3.02B
| $23.2M | 0.01% |
912,453
+13,717
| +2% | +$341K |
|
1297
Rogers Corp
ROG
$2.3B
| $23.1M | 0.01% |
213,126
-22,500
| -10% | -$2.28M |
|
|
OSB
1298
DELISTED
Norbord Inc.
OSB
| $23.1M | 0.01% |
744,687
+292,456
| +65% | +$8.66M |
|
|
PNK
1299
DELISTED
Pinnacle Entertainment Inc.
PNK
| $23.1M | 0.01% |
1,170,897
-224,414
| -16% | -$4.51M |
|
|
PCH
1300
DELISTED
PotlatchDeltic
PCH
| $23.1M | 0.01% |
506,095
+50,709
| +11% | +$2.33M |
|
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.