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 |
DuPont de Nemours
DD
|
+$764M |
| 2 |
Lear
LEA
|
+$169M |
| 3 |
Alibaba
BABA
|
+$169M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$168M |
| 5 |
Bank of America
BAC
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$712M |
| 2 |
Blackrock
BLK
|
+$428M |
| 3 |
Ameriprise Financial
AMP
|
+$273M |
| 4 |
BHI
Baker Hughes
BHI
|
+$220M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
DISCK
1276
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $25.9M | 0.01% |
1,279,027
+364,797
| +40% | +$8.19M |
|
|
SYNH
1277
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $25.8M | 0.01% |
493,363
-59,185
| -11% | -$3.3M |
|
1278
Vermilion Energy
VET
$1.68B
| $25.8M | 0.01% |
727,433
+7,246
| +1% | +$238K |
|
|
AY
1279
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $25.8M | 0.01% |
1,309,350
-201,365
| -13% | -$4.18M |
|
|
BNCL
1280
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $25.7M | 0.01% |
1,548,067
+33,870
| +2% | +$516K |
|
1281
Inogen
INGN
$163M
| $25.6M | 0.01% |
269,595
+82,388
| +44% | +$7.94M |
|
|
SPN
1282
DELISTED
Superior Energy Services, Inc.
SPN
| $25.5M | 0.01% |
239,189
+80,000
| +50% | +$7.9M |
|
1283
Provident Financial Services
PFS
$3.22B
| $25.5M | 0.01% |
954,811
+42,358
| +5% | +$1.07M |
|
|
SPTN
1284
DELISTED
SpartanNash
SPTN
| $25.4M | 0.01% |
964,688
+173,285
| +22% | +$4.46M |
|
1285
New Oriental
EDU
$8.94B
| $25.4M | 0.01% |
+287,403
| New | +$23.4M |
|
|
NE
1286
DELISTED
Noble Corporation
NE
| $25.3M | 0.01% |
5,506,672
| – | – |
|
|
MLNX
1287
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $25.3M | 0.01% |
536,806
+49,842
| +10% | +$2.26M |
|
1288
Schneider National
SNDR
$6.32B
| $25.3M | 0.01% |
1,000,000
| – | – |
|
|
AMED
1289
DELISTED
Amedisys
AMED
| $25.3M | 0.01% |
452,031
+92,338
| +26% | +$4.88M |
|
1290
Element Solutions
ESI
$9.42B
| $25.3M | 0.01% |
2,264,659
+325,868
| +17% | +$4.04M |
|
|
HRG
1291
DELISTED
HRG Group, Inc.
HRG
| $25.2M | 0.01% |
1,615,836
| – | – |
|
|
VNTR
1292
DELISTED
Venator Materials PLC
VNTR
| $25.1M | 0.01% |
+1,112,300
| New | +$23.1M |
|
1293
FirstService
FSV
$6.31B
| $25.1M | 0.01% |
383,333
| – | – |
|
1294
Northwest Bancshares
NWBI
$2.29B
| $25.1M | 0.01% |
1,452,395
-79,803
| -5% | -$1.27M |
|
1295
OraSure Technologies
OSUR
$275M
| $25.1M | 0.01% |
1,114,620
| – | – |
|
|
ALOG
1296
DELISTED
Analogic Corp
ALOG
| $25.1M | 0.01% |
299,133
+1,467
| +0.5% | +$107K |
|
1297
ONE Gas
OGS
$5.03B
| $24.8M | 0.01% |
337,359
-127,459
| -27% | -$9.35M |
|
|
HMHC
1298
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $24.8M | 0.01% |
2,061,161
+829,590
| +67% | +$9.34M |
|
1299
Patterson-UTI
PTEN
$3.87B
| $24.8M | 0.01% |
1,183,254
+391,414
| +49% | +$7.21M |
|
|
CBI
1300
DELISTED
Chicago Bridge & Iron Nv
CBI
| $24.8M | 0.01% |
1,473,600
| – | – |
|
Similar funds
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.