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 | |
|---|---|---|---|---|---|---|
|
RRD
1401
DELISTED
RR Donnelley & Sons Co.
RRD
| $20.1M | 0.01% |
1,606,132
-450,753
| -22% | -$5.54M |
|
1402
First Bancorp
FBP
$4.25B
| $20.1M | 0.01% |
3,477,295
+769,714
| +28% | +$4.32M |
|
|
VTLE
1403
DELISTED
Vital Energy
VTLE
| $20.1M | 0.01% |
95,564
+7,666
| +9% | +$1.89M |
|
|
WLL
1404
DELISTED
Whiting Petroleum Corporation
WLL
| $20.1M | 0.01% |
12,159
| – | – |
|
1405
Sabre
SABR
$904M
| $20M | 0.01% |
920,810
+450,000
| +96% | +$10.3M |
|
1406
SiriusPoint
SPNT
$2.81B
| $20M | 0.01% |
1,436,191
-317,134
| -18% | -$4.03M |
|
1407
Repligen
RGEN
$9.78B
| $20M | 0.01% |
481,667
+75,000
| +18% | +$2.85M |
|
|
NE
1408
DELISTED
Noble Corporation
NE
| $19.9M | 0.01% |
5,506,672
-2,094,293
| -28% | -$9.63M |
|
|
JE
1409
DELISTED
Just Energy Group Inc
JE
| $19.9M | 0.01% |
115,238
| – | – |
|
1410
Five Below
FIVE
$13.1B
| $19.8M | 0.01% |
401,890
+188,549
| +88% | +$9.28M |
|
1411
Home BancShares
HOMB
$6B
| $19.8M | 0.01% |
794,891
-205,715
| -21% | -$5.13M |
|
|
PHH
1412
DELISTED
PHH Corporation
PHH
| $19.7M | 0.01% |
1,433,775
| – | – |
|
|
SNBR
1413
DELISTED
Sleep Number
SNBR
| $19.7M | 0.01% |
555,962
-117,566
| -17% | -$3.52M |
|
|
LNCE
1414
DELISTED
Snyders-Lance, Inc.
LNCE
| $19.7M | 0.01% |
567,888
-147,417
| -21% | -$5.37M |
|
1415
TriMas Corp
TRS
$1.4B
| $19.6M | 0.01% |
941,505
+329,513
| +54% | +$7.11M |
|
|
LKSD
1416
DELISTED
LSC Communications, Inc.
LKSD
| $19.6M | 0.01% |
916,428
+5,982
| +0.7% | +$137K |
|
|
LQ
1417
DELISTED
La Quinta Holdings Inc.
LQ
| $19.6M | 0.01% |
1,327,753
-157,862
| -11% | -$2.23M |
|
1418
Four Corners Property Trust
FCPT
$2.59B
| $19.6M | 0.01% |
779,849
+98,938
| +15% | +$2.38M |
|
|
EGN
1419
DELISTED
Energen
EGN
| $19.5M | 0.01% |
395,965
-330,321
| -45% | -$17.6M |
|
|
MNDT
1420
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $19.5M | 0.01% |
1,284,798
-1,527,289
| -54% | -$21.7M |
|
|
WAGE
1421
DELISTED
WageWorks, Inc.
WAGE
| $19.5M | 0.01% |
290,640
-120,949
| -29% | -$8.6M |
|
|
VRTV
1422
DELISTED
VERITIV CORPORATION
VRTV
| $19.5M | 0.01% |
433,899
+22,519
| +5% | +$1.03M |
|
|
HTZ
1423
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $19.5M | 0.01% |
1,952,295
-331,223
| -15% | -$3.56M |
|
1424
Nelnet
NNI
$4.54B
| $19.5M | 0.01% |
414,624
+130
| +0% | +$5.67K |
|
1425
Rexford Industrial Realty
REXR
$8.74B
| $19.5M | 0.01% |
709,298
+18,441
| +3% | +$479K |
|
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.