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 | |
|---|---|---|---|---|---|---|
|
ANAT
1376
DELISTED
American National Group, Inc. Common Stock
ANAT
| $21.1M | 0.01% |
180,830
+9,083
| +5% | +$1.06M |
|
1377
Pan American Silver
PAAS
$20B
| $21M | 0.01% |
1,248,026
| – | – |
|
|
CPN
1378
DELISTED
Calpine Corporation
CPN
| $21M | 0.01% |
1,548,844
-773,470
| -33% | -$9.31M |
|
|
ESGR
1379
DELISTED
Enstar Group
ESGR
| $20.9M | 0.01% |
105,336
+1,939
| +2% | +$371K |
|
1380
Simpson Manufacturing
SSD
$7.1B
| $20.8M | 0.01% |
476,071
| – | – |
|
1381
Choice Hotels
CHH
$4.47B
| $20.8M | 0.01% |
323,062
+81,556
| +34% | +$5.23M |
|
1382
S&T Bancorp
STBA
$1.77B
| $20.7M | 0.01% |
578,503
+32,752
| +6% | +$1.14M |
|
1383
BP
BP
$118B
| $20.7M | 0.01% |
674,259
-11,237
| -2% | -$350K |
|
1384
Donnelley Financial Solutions
DFIN
$1.19B
| $20.7M | 0.01% |
901,863
+83,906
| +10% | +$1.84M |
|
1385
Avis
CAR
$4.17B
| $20.7M | 0.01% |
757,540
-197,502
| -21% | -$5.09M |
|
1386
Renasant Corp
RNST
$3.71B
| $20.6M | 0.01% |
470,373
-12,200
| -3% | -$512K |
|
|
SPTN
1387
DELISTED
SpartanNash
SPTN
| $20.5M | 0.01% |
791,403
+70,280
| +10% | +$2.31M |
|
1388
EXL Service
EXLS
$5.43B
| $20.5M | 0.01% |
1,847,940
+284,280
| +18% | +$2.87M |
|
|
VG
1389
DELISTED
Vonage Holdings Corporation
VG
| $20.5M | 0.01% |
3,139,073
-35,496
| -1% | -$237K |
|
1390
Petrobras
PBR
$137B
| $20.5M | 0.01% |
2,565,080
-128,012
| -5% | -$1.14M |
|
1391
Archrock
AROC
$5.49B
| $20.5M | 0.01% |
1,794,736
+82,644
| +5% | +$947K |
|
|
WDR
1392
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $20.4M | 0.01% |
1,081,357
+238,005
| +28% | +$4.18M |
|
|
RATE
1393
DELISTED
Bankrate Inc
RATE
| $20.4M | 0.01% |
1,586,179
+1,053,767
| +198% | +$11.3M |
|
|
SIR
1394
DELISTED
SELECT INCOME REIT
SIR
| $20.3M | 0.01% |
1,926,486
+149,031
| +8% | +$1.63M |
|
|
RAD
1395
DELISTED
Rite Aid Corporation
RAD
| $20.3M | 0.01% |
344,775
+5,660
| +2% | +$428K |
|
|
AAMI
1396
Acadian Asset Management
AAMI
$3.18B
| $20.3M | 0.01% |
1,368,321
+147,714
| +12% | +$2.19M |
|
1397
Zillow
ZG
$7.37B
| $20.2M | 0.01% |
414,383
+47,566
| +13% | +$1.99M |
|
1398
UFP Industries
UFPI
$4.53B
| $20.2M | 0.01% |
694,623
-283,974
| -29% | -$8.63M |
|
1399
ICU Medical
ICUI
$3.95B
| $20.2M | 0.01% |
117,109
-21,161
| -15% | -$3.39M |
|
1400
SITE Centers
SITC
$152M
| $20.2M | 0.01% |
1,725,536
-6,375
| -0.4% | -$83.2K |
|
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.