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 | |
|---|---|---|---|---|---|---|
1326
Dorman Products
DORM
$3.73B
| $22.4M | 0.01% |
271,105
+24,709
| +10% | +$2.02M |
|
|
EE
1327
DELISTED
El Paso Electric Company
EE
| $22.4M | 0.01% |
433,678
+156,125
| +56% | +$8.16M |
|
1328
Schneider National
SNDR
$5.83B
| $22.4M | 0.01% |
+1,000,000
| New | +$19.8M |
|
|
BRKL
1329
DELISTED
Brookline Bancorp
BRKL
| $22.4M | 0.01% |
1,531,248
+255,510
| +20% | +$3.7M |
|
1330
Flowserve
FLS
$9.29B
| $22.3M | 0.01% |
481,029
-236,076
| -33% | -$11.4M |
|
1331
Acadia Pharmaceuticals
ACAD
$4.75B
| $22.3M | 0.01% |
800,491
-92,393
| -10% | -$2.75M |
|
1332
Ormat Technologies
ORA
$5.63B
| $22.3M | 0.01% |
380,287
-46,080
| -11% | -$2.7M |
|
1333
Adtran
ADTN
$582M
| $22.3M | 0.01% |
1,079,278
+157,694
| +17% | +$3.16M |
|
1334
TD Synnex
SNX
$21.1B
| $22.2M | 0.01% |
370,762
-80,894
| -18% | -$4.53M |
|
1335
Yelp
YELP
$1.14B
| $22.2M | 0.01% |
740,209
-350,705
| -32% | -$10.9M |
|
|
LHCG
1336
DELISTED
LHC Group LLC
LHCG
| $22.2M | 0.01% |
326,497
+23,840
| +8% | +$1.42M |
|
|
BKI
1337
DELISTED
Black Knight, Inc. Common Stock
BKI
| $22.2M | 0.01% |
540,942
+186,706
| +53% | +$7.38M |
|
1338
United Bankshares
UBSI
$6.43B
| $22.1M | 0.01% |
565,021
+48,949
| +9% | +$1.94M |
|
|
UNT
1339
DELISTED
UNIT Corporation
UNT
| $22.1M | 0.01% |
1,177,656
+257,394
| +28% | +$5.12M |
|
1340
Antero Midstream
AM
$10.1B
| $22M | 0.01% |
+1,000,000
| New | +$21.7M |
|
1341
Insight Enterprises
NSIT
$4.91B
| $22M | 0.01% |
549,281
-163,668
| -23% | -$6.91M |
|
|
CBL
1342
DELISTED
CBL& Associates Properties, Inc.
CBL
| $22M | 0.01% |
2,605,335
+397,971
| +18% | +$3.42M |
|
1343
Dave & Buster's
PLAY
$247M
| $21.9M | 0.01% |
329,773
+184,801
| +127% | +$12.1M |
|
1344
Dana Inc
DAN
$3.24B
| $21.9M | 0.01% |
982,149
-103,948
| -10% | -$2.11M |
|
1345
Clearway Energy Class C
CWEN
$6.18B
| $21.9M | 0.01% |
1,243,849
| – | – |
|
1346
NETSCOUT
NTCT
$2.81B
| $21.8M | 0.01% |
634,637
+45,188
| +8% | +$1.63M |
|
|
GRP.U
1347
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $21.8M | 0.01% |
552,732
| – | – |
|
1348
The Greenbrier Companies
GBX
$1.34B
| $21.8M | 0.01% |
470,775
-67,601
| -13% | -$3.08M |
|
1349
Dine Brands
DIN
$349M
| $21.8M | 0.01% |
494,193
+50,750
| +11% | +$2.53M |
|
1350
Gibraltar Industries
ROCK
$1.34B
| $21.8M | 0.01% |
610,586
+163,546
| +37% | +$5.77M |
|
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.