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 | |
|---|---|---|---|---|---|---|
1326
United Bankshares
UBSI
$6.63B
| $23.7M | 0.01% |
637,733
+72,712
| +13% | +$2.56M |
|
1327
Amkor Technology
AMKR
$13.7B
| $23.7M | 0.01% |
2,243,326
-1,081,270
| -33% | -$10.4M |
|
1328
Central Garden & Pet Co Class A
CENTA
$2.42B
| $23.7M | 0.01% |
795,446
+284,253
| +56% | +$7.54M |
|
|
GPOR
1329
DELISTED
Gulfport Energy Corp.
GPOR
| $23.6M | 0.01% |
1,648,737
| – | – |
|
|
CADE
1330
DELISTED
Cadence Bank
CADE
| $23.6M | 0.01% |
736,164
| – | – |
|
|
RSPP
1331
DELISTED
RSP Permian, Inc.
RSPP
| $23.6M | 0.01% |
682,085
-33,724
| -5% | -$1.08M |
|
|
GOV
1332
DELISTED
Government Properties Income Trust
GOV
| $23.5M | 0.01% |
1,254,399
+199,140
| +19% | +$3.63M |
|
|
AF
1333
DELISTED
Astoria Financial Corporation
AF
| $23.5M | 0.01% |
1,092,902
-51,687
| -5% | -$1.03M |
|
1334
TriMas Corp
TRS
$1.45B
| $23.5M | 0.01% |
869,491
-72,014
| -8% | -$1.73M |
|
1335
TD Synnex
SNX
$20.4B
| $23.5M | 0.01% |
370,762
| – | – |
|
1336
Hilltop Holdings
HTH
$2.24B
| $23.4M | 0.01% |
899,737
| – | – |
|
1337
Groupon
GRPN
$947M
| $23.4M | 0.01% |
224,880
-114,301
| -34% | -$9.44M |
|
|
MANT
1338
DELISTED
Mantech International Corp
MANT
| $23.4M | 0.01% |
529,620
-29,288
| -5% | -$1.18M |
|
|
AAV
1339
DELISTED
Advantage Oil & Gas Ltd
AAV
| $23.4M | 0.01% |
3,735,913
+2,169,588
| +139% | +$14.3M |
|
|
BKI
1340
DELISTED
Black Knight, Inc. Common Stock
BKI
| $23.3M | 0.01% |
540,942
| – | – |
|
1341
Materion
MTRN
$6.02B
| $23.3M | 0.01% |
539,637
+105,378
| +24% | +$4.04M |
|
1342
Five Below
FIVE
$13.3B
| $23.2M | 0.01% |
423,429
+21,539
| +5% | +$1.05M |
|
1343
Matthews International
MATW
$718M
| $23.2M | 0.01% |
373,147
+93,584
| +33% | +$5.84M |
|
|
DO
1344
DELISTED
Diamond Offshore Drilling
DO
| $23.1M | 0.01% |
1,596,421
-520,658
| -25% | -$6.27M |
|
|
LTC
1345
LTC Properties
LTC
$2.15B
| $23.1M | 0.01% |
491,489
+31,796
| +7% | +$1.56M |
|
1346
Canadian Solar
CSIQ
$1.07B
| $23.1M | 0.01% |
1,370,473
+928,291
| +210% | +$15.2M |
|
|
CHSP
1347
DELISTED
Chesapeake Lodging Trust
CHSP
| $23.1M | 0.01% |
855,495
+67,501
| +9% | +$1.71M |
|
1348
Eagle Bancorp
EGBN
$845M
| $23.1M | 0.01% |
343,953
+120,897
| +54% | +$7.58M |
|
|
PDCO
1349
DELISTED
Patterson Companies, Inc.
PDCO
| $23M | 0.01% |
596,008
-19,208
| -3% | -$767K |
|
1350
World Kinect Corp
WKC
$1.86B
| $23M | 0.01% |
678,257
+176,983
| +35% | +$6.31M |
|
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.