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 | |
|---|---|---|---|---|---|---|
1401
Oil States International
OIS
$491M
| $21.3M | 0.01% |
841,208
+151,017
| +22% | +$3.71M |
|
|
ARI
1402
Apollo Commercial Real Estate
ARI
$885M
| $21.2M | 0.01% |
1,169,231
| – | – |
|
1403
Columbia Banking Systems
COLB
$8.84B
| $21.2M | 0.01% |
502,837
+137,915
| +38% | +$5.33M |
|
1404
Agios Pharmaceuticals
AGIO
$1.93B
| $21.1M | 0.01% |
316,476
-301,158
| -49% | -$18.1M |
|
1405
Home BancShares
HOMB
$6.18B
| $21.1M | 0.01% |
835,243
+40,352
| +5% | +$969K |
|
1406
FormFactor
FORM
$9.17B
| $21.1M | 0.01% |
1,250,000
| – | – |
|
1407
Lumentum
LITE
$69.3B
| $21M | 0.01% |
387,026
-147,831
| -28% | -$8.59M |
|
|
NXTM
1408
DELISTED
NxStage Medical Inc.
NXTM
| $21M | 0.01% |
760,768
+372,456
| +96% | +$9.93M |
|
1409
Oxford Industries
OXM
$552M
| $21M | 0.01% |
330,268
+104,120
| +46% | +$6.36M |
|
|
ATW
1410
DELISTED
Atwood Oceanics
ATW
| $20.9M | 0.01% |
2,230,702
+238,285
| +12% | +$1.8M |
|
|
CPLA
1411
DELISTED
Capella Education Company
CPLA
| $20.9M | 0.01% |
298,338
| – | – |
|
|
WAGE
1412
DELISTED
WageWorks, Inc.
WAGE
| $20.9M | 0.01% |
344,439
+53,799
| +19% | +$3.28M |
|
|
CZZ
1413
DELISTED
Cosan Limited
CZZ
| $20.9M | 0.01% |
2,565,540
| – | – |
|
1414
TAL Education Group
TAL
$6.87B
| $20.8M | 0.01% |
+618,423
| New | +$17.4M |
|
1415
Avis
CAR
$5.02B
| $20.8M | 0.01% |
546,904
-210,636
| -28% | -$7.08M |
|
1416
Colliers International
CIGI
$5.19B
| $20.7M | 0.01% |
419,026
| – | – |
|
|
CATM
1417
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $20.6M | 0.01% |
896,348
+431,133
| +93% | +$12.3M |
|
|
DCOM
1418
DELISTED
Dime Community Bancshares
DCOM
| $20.6M | 0.01% |
957,872
+277,041
| +41% | +$5.46M |
|
|
LQ
1419
DELISTED
La Quinta Holdings Inc.
LQ
| $20.6M | 0.01% |
1,175,974
-151,779
| -11% | -$2.36M |
|
|
RDUS
1420
DELISTED
Radius Recycling
RDUS
| $20.6M | 0.01% |
730,557
+95,252
| +15% | +$2.5M |
|
1421
SouthState Bank Corp
SSB
$10.5B
| $20.5M | 0.01% |
227,817
-53,914
| -19% | -$4.5M |
|
1422
Huron Consulting
HURN
$2.42B
| $20.5M | 0.01% |
596,709
| – | – |
|
1423
Pebblebrook Hotel Trust
PEB
$2.05B
| $20.4M | 0.01% |
565,111
-436,783
| -44% | -$14.5M |
|
|
JE
1424
DELISTED
Just Energy Group Inc
JE
| $20.4M | 0.01% |
106,944
-8,294
| -7% | -$1.5M |
|
|
RGC
1425
DELISTED
Regal Entertainment Group
RGC
| $20.4M | 0.01% |
1,275,151
-65,305
| -5% | -$1.13M |
|
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.