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 | |
|---|---|---|---|---|---|---|
|
VTLE
1301
DELISTED
Vital Energy
VTLE
| $24.7M | 0.01% |
95,564
| – | – |
|
|
QTS
1302
DELISTED
QTS REALTY TRUST, INC.
QTS
| $24.6M | 0.01% |
470,278
-31,449
| -6% | -$1.68M |
|
|
GWR
1303
DELISTED
Genesee & Wyoming Inc.
GWR
| $24.6M | 0.01% |
332,553
| – | – |
|
1304
Hope Bancorp
HOPE
$1.79B
| $24.5M | 0.01% |
1,385,351
-270,057
| -16% | -$4.62M |
|
|
VRE
1305
DELISTED
Veris Residential
VRE
| $24.5M | 0.01% |
1,034,111
+78,347
| +8% | +$1.93M |
|
|
JUNO
1306
DELISTED
Juno Therapeutics, Inc.
JUNO
| $24.5M | 0.01% |
546,504
-780,569
| -59% | -$26.6M |
|
|
PEGI
1307
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $24.5M | 0.01% |
1,017,054
+61,438
| +6% | +$1.53M |
|
1308
TTEC Holdings
TTEC
$123M
| $24.5M | 0.01% |
586,642
+189,053
| +48% | +$7.66M |
|
1309
Boise Cascade
BCC
$3.02B
| $24.4M | 0.01% |
700,563
+213,049
| +44% | +$6.47M |
|
1310
Cameco
CCJ
$42.3B
| $24.4M | 0.01% |
2,535,849
+554,612
| +28% | +$5.5M |
|
|
AMWD
1311
DELISTED
American Woodmark
AMWD
| $24.4M | 0.01% |
253,337
+54,826
| +28% | +$5.08M |
|
|
CBPO
1312
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $24.4M | 0.01% |
264,131
+18,980
| +8% | +$1.82M |
|
|
DNB
1313
DELISTED
Dun & Bradstreet
DNB
| $24.3M | 0.01% |
209,051
-13,830
| -6% | -$1.54M |
|
1314
CorVel
CRVL
$3.22B
| $24.2M | 0.01% |
1,335,102
+550,920
| +70% | +$9.19M |
|
1315
Under Armour Class C
UA
$2.54B
| $24.2M | 0.01% |
1,610,187
-402,317
| -20% | -$6.77M |
|
1316
GameStop
GME
$8.58B
| $24.2M | 0.01% |
4,676,576
-862,020
| -16% | -$4.46M |
|
|
TARO
1317
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $24M | 0.01% |
213,324
| – | – |
|
1318
Safety Insurance
SAFT
$1.52B
| $24M | 0.01% |
314,746
+113,421
| +56% | +$8.08M |
|
1319
Clearway Energy Class C
CWEN
$6.76B
| $24M | 0.01% |
1,243,849
| – | – |
|
1320
S&T Bancorp
STBA
$1.81B
| $24M | 0.01% |
605,700
+27,197
| +5% | +$999K |
|
1321
NETGEAR
NTGR
$621M
| $23.9M | 0.01% |
502,965
-93,226
| -16% | -$4.32M |
|
|
TEN
1322
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $23.9M | 0.01% |
394,324
+75,700
| +24% | +$4.26M |
|
1323
TripAdvisor
TRIP
$1.25B
| $23.9M | 0.01% |
588,866
+22,941
| +4% | +$932K |
|
|
INVX
1324
Innovex International
INVX
$1.98B
| $23.8M | 0.01% |
538,757
| – | – |
|
|
BRFS
1325
DELISTED
BRF SA
BRFS
| $23.8M | 0.01% |
1,650,426
| – | – |
|
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.