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 | |
|---|---|---|---|---|---|---|
|
MANT
1301
DELISTED
Mantech International Corp
MANT
| $23.1M | 0.01% |
558,908
| – | – |
|
|
RSPP
1302
DELISTED
RSP Permian, Inc.
RSPP
| $23.1M | 0.01% |
715,809
+372,391
| +108% | +$13.8M |
|
|
AVTA
1303
DELISTED
Avantax, Inc. Common Stock
AVTA
| $23.1M | 0.01% |
1,088,111
| – | – |
|
|
AF
1304
DELISTED
Astoria Financial Corporation
AF
| $23.1M | 0.01% |
1,144,589
+173,358
| +18% | +$3.44M |
|
1305
HubSpot
HUBS
$11.8B
| $23.1M | 0.01% |
350,742
+54,214
| +18% | +$3.66M |
|
1306
Qualys
QLYS
$6.33B
| $23.1M | 0.01% |
565,093
+289,417
| +105% | +$11.6M |
|
|
DISCK
1307
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $23M | 0.01% |
914,230
-546,503
| -37% | -$14.4M |
|
1308
Flowers Foods
FLO
$1.3B
| $23M | 0.01% |
1,326,057
+57,012
| +4% | +$1.07M |
|
|
DO
1309
DELISTED
Diamond Offshore Drilling
DO
| $22.9M | 0.01% |
2,117,079
-294,602
| -12% | -$3.92M |
|
1310
Vermilion Energy
VET
$1.93B
| $22.8M | 0.01% |
720,187
-26,638
| -4% | -$915K |
|
|
SF
1311
Stifel
SF
$11.4B
| $22.8M | 0.01% |
1,115,028
-380,691
| -25% | -$7.81M |
|
|
PEGI
1312
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $22.8M | 0.01% |
955,616
+272,712
| +40% | +$6.11M |
|
|
GWR
1313
DELISTED
Genesee & Wyoming Inc.
GWR
| $22.7M | 0.01% |
332,553
-125,679
| -27% | -$8.3M |
|
1314
Mercury Insurance
MCY
$5.65B
| $22.7M | 0.01% |
421,066
+18,220
| +5% | +$1.03M |
|
|
BNCL
1315
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $22.7M | 0.01% |
1,514,197
+321,910
| +27% | +$4.97M |
|
|
BECN
1316
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $22.7M | 0.01% |
463,478
+48,709
| +12% | +$2.39M |
|
1317
Children's Place
PLCE
$44.9M
| $22.7M | 0.01% |
222,411
-90,868
| -29% | -$9.97M |
|
|
SASR
1318
DELISTED
Sandy Spring Bancorp Inc
SASR
| $22.7M | 0.01% |
558,075
+223,773
| +67% | +$9.12M |
|
1319
Jack in the Box
JACK
$253M
| $22.6M | 0.01% |
229,795
+71,961
| +46% | +$7.43M |
|
1320
Precigen
PGEN
$2.66B
| $22.6M | 0.01% |
937,897
+185,069
| +25% | +$4.06M |
|
|
AMED
1321
DELISTED
Amedisys
AMED
| $22.6M | 0.01% |
359,693
-23,257
| -6% | -$1.35M |
|
1322
Tractor Supply
TSCO
$17.1B
| $22.6M | 0.01% |
2,082,165
-558,530
| -21% | -$6.65M |
|
|
AVP
1323
DELISTED
Avon Products, Inc.
AVP
| $22.5M | 0.01% |
5,931,413
+2,000,910
| +51% | +$7.82M |
|
|
SVU
1324
DELISTED
SUPERVALU Inc.
SVU
| $22.5M | 0.01% |
977,480
| – | – |
|
|
CADE
1325
DELISTED
Cadence Bank
CADE
| $22.5M | 0.01% |
736,164
-183,284
| -20% | -$5.49M |
|
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.