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 | |
|---|---|---|---|---|---|---|
1376
ICL Group
ICL
$6.85B
| $22.1M | 0.01% |
4,969,710
-103,991
| -2% | -$473K |
|
|
VRTU
1377
DELISTED
Virtusa Corporation
VRTU
| $22M | 0.01% |
582,418
+186,338
| +47% | +$6.41M |
|
|
QEP
1378
DELISTED
QEP RESOURCES, INC.
QEP
| $22M | 0.01% |
2,567,224
| – | – |
|
1379
Shenandoah Telecom
SHEN
$746M
| $22M | 0.01% |
590,329
+133,962
| +29% | +$4.55M |
|
1380
Koppers
KOP
$985M
| $22M | 0.01% |
475,656
+199,151
| +72% | +$7.74M |
|
1381
FerroAtlántica
GSM
$839M
| $21.9M | 0.01% |
1,664,530
+269,359
| +19% | +$3.5M |
|
1382
Howmet Aerospace
HWM
$113B
| $21.9M | 0.01% |
1,146,091
-434,036
| -27% | -$8.31M |
|
1383
Orthofix Medical
OFIX
$419M
| $21.9M | 0.01% |
462,510
+75,863
| +20% | +$3.57M |
|
1384
DexCom
DXCM
$32B
| $21.8M | 0.01% |
1,785,996
| – | – |
|
1385
Usana Health Sciences
USNA
$286M
| $21.8M | 0.01% |
378,559
+170,669
| +82% | +$10.1M |
|
1386
Ubiquiti
UI
$34.3B
| $21.8M | 0.01% |
389,877
+31,261
| +9% | +$1.8M |
|
1387
Sinclair Inc
SBGI
$1.03B
| $21.8M | 0.01% |
681,236
-371,534
| -35% | -$11.6M |
|
|
BECN
1388
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $21.8M | 0.01% |
425,340
-38,138
| -8% | -$1.78M |
|
1389
Astec Industries
ASTE
$1.02B
| $21.8M | 0.01% |
389,012
+1,011
| +0.3% | +$51.5K |
|
|
WDR
1390
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $21.7M | 0.01% |
1,081,357
| – | – |
|
|
KNL
1391
DELISTED
Knoll, Inc.
KNL
| $21.7M | 0.01% |
1,082,940
+254,519
| +31% | +$4.77M |
|
|
ARRY
1392
DELISTED
Array Biopharma Inc
ARRY
| $21.6M | 0.01% |
1,758,975
+385,807
| +28% | +$3.58M |
|
1393
Korn Ferry
KFY
$4.28B
| $21.6M | 0.01% |
547,910
+241,145
| +79% | +$8.31M |
|
|
NCI
1394
DELISTED
Navigant Consulting, Inc.
NCI
| $21.6M | 0.01% |
1,275,716
| – | – |
|
|
ROIC
1395
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $21.5M | 0.01% |
1,132,353
| – | – |
|
|
SIR
1396
DELISTED
SELECT INCOME REIT
SIR
| $21.5M | 0.01% |
2,086,534
+160,048
| +8% | +$1.64M |
|
1397
Ligand Pharmaceuticals
LGND
$5.88B
| $21.5M | 0.01% |
252,577
| – | – |
|
|
AVNS
1398
DELISTED
Avanos Medical
AVNS
| $21.4M | 0.01% |
476,108
| – | – |
|
1399
Franklin Electric
FELE
$4.84B
| $21.4M | 0.01% |
477,667
+130,697
| +38% | +$5.31M |
|
1400
Kearny Financial
KRNY
$599M
| $21.4M | 0.01% |
1,393,094
+543,442
| +64% | +$7.92M |
|
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.