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 | |
|---|---|---|---|---|---|---|
1351
Descartes Systems
DSGX
$6.74B
| $23M | 0.01% |
844,108
+115,051
| +16% | +$3.04M |
|
1352
CBIZ
CBZ
$2.96B
| $23M | 0.01% |
1,412,543
+280,322
| +25% | +$4.23M |
|
1353
Trustmark
TRMK
$2.76B
| $22.9M | 0.01% |
691,804
-98,707
| -12% | -$3.07M |
|
1354
Rambus
RMBS
$11B
| $22.9M | 0.01% |
1,713,940
+79,606
| +5% | +$1.02M |
|
1355
Kite Realty
KRG
$5.36B
| $22.9M | 0.01% |
1,129,879
+158,119
| +16% | +$3.17M |
|
1356
Camping World
CWH
$654M
| $22.7M | 0.01% |
558,003
-410,467
| -42% | -$14.2M |
|
|
AVX
1357
DELISTED
AVX Corporation
AVX
| $22.7M | 0.01% |
1,246,023
-72,266
| -5% | -$1.25M |
|
|
EPAY
1358
DELISTED
Bottomline Technologies Inc
EPAY
| $22.7M | 0.01% |
713,441
-3,403
| -0.5% | -$99.2K |
|
1359
Four Corners Property Trust
FCPT
$2.75B
| $22.7M | 0.01% |
909,383
+129,534
| +17% | +$3.25M |
|
1360
CEVA Inc
CEVA
$1.07B
| $22.6M | 0.01% |
528,770
+112,732
| +27% | +$4.87M |
|
|
NGHC
1361
DELISTED
National General Holdings Corp
NGHC
| $22.6M | 0.01% |
1,183,394
+453,564
| +62% | +$8.65M |
|
|
GOOS
1362
Canada Goose Holdings
GOOS
$856M
| $22.6M | 0.01% |
1,100,000
| – | – |
|
|
EE
1363
DELISTED
El Paso Electric Company
EE
| $22.6M | 0.01% |
408,424
-25,254
| -6% | -$1.35M |
|
1364
Prothena Corp
PRTA
$456M
| $22.5M | 0.01% |
348,016
+37,059
| +12% | +$2.27M |
|
1365
Archrock
AROC
$5.84B
| $22.5M | 0.01% |
1,794,736
| – | – |
|
1366
Northwest Natural Holdings
NWN
$2.12B
| $22.5M | 0.01% |
349,514
-230,161
| -40% | -$14.8M |
|
|
EPZM
1367
DELISTED
Epizyme, Inc
EPZM
| $22.5M | 0.01% |
1,180,504
| – | – |
|
1368
Cogent Communications
CCOI
$484M
| $22.4M | 0.01% |
458,814
-11,272
| -2% | -$499K |
|
1369
Scholastic
SCHL
$789M
| $22.4M | 0.01% |
602,146
-15,664
| -3% | -$628K |
|
1370
Rexford Industrial Realty
REXR
$8.18B
| $22.3M | 0.01% |
779,612
+70,314
| +10% | +$2.02M |
|
1371
CONMED
CNMD
$1.48B
| $22.3M | 0.01% |
424,871
+76,157
| +22% | +$3.82M |
|
|
EDR
1372
DELISTED
Education Realty Trust Inc
EDR
| $22.3M | 0.01% |
619,473
-102,328
| -14% | -$3.92M |
|
1373
First Financial Bancorp
FFBC
$3.53B
| $22.2M | 0.01% |
849,652
| – | – |
|
1374
RingCentral
RNG
$5.35B
| $22.2M | 0.01% |
531,328
+307,158
| +137% | +$11.8M |
|
1375
DNOW Inc
DNOW
$3.02B
| $22.1M | 0.01% |
1,602,569
| – | – |
|
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.