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 | |
|---|---|---|---|---|---|---|
|
BRFS
1426
DELISTED
BRF SA
BRFS
| $19.5M | 0.01% |
1,650,426
-379,075
| -19% | -$4.85M |
|
|
CIR
1427
DELISTED
CIRCOR International, Inc
CIR
| $19.4M | 0.01% |
326,566
-29,859
| -8% | -$1.87M |
|
1428
Smith & Wesson
SWBI
$589M
| $19.4M | 0.01% |
1,136,840
-426,952
| -27% | -$7.36M |
|
|
RWT
1429
Redwood Trust
RWT
$492M
| $19.4M | 0.01% |
1,135,702
+215,438
| +23% | +$3.64M |
|
1430
Sarepta Therapeutics
SRPT
$2.14B
| $19.3M | 0.01% |
573,205
| – | – |
|
|
GOV
1431
DELISTED
Government Properties Income Trust
GOV
| $19.3M | 0.01% |
1,055,259
+300,000
| +40% | +$6.52M |
|
1432
AZZ Inc
AZZ
$3.99B
| $19.3M | 0.01% |
345,612
+41,416
| +14% | +$2.35M |
|
|
CHSP
1433
DELISTED
Chesapeake Lodging Trust
CHSP
| $19.3M | 0.01% |
787,994
+13,200
| +2% | +$316K |
|
1434
World Kinect Corp
WKC
$1.8B
| $19.3M | 0.01% |
501,274
-98,517
| -16% | -$3.6M |
|
1435
OraSure Technologies
OSUR
$241M
| $19.2M | 0.01% |
1,114,620
| – | – |
|
|
KG
1436
Kestrel Group
KG
$47M
| $19.2M | 0.01% |
86,640
+13,488
| +18% | +$3.15M |
|
1437
Clean Harbors
CLH
$17.1B
| $19.2M | 0.01% |
343,455
-68,929
| -17% | -$3.96M |
|
1438
Saia
SAIA
$9.2B
| $19.2M | 0.01% |
373,745
+6,307
| +2% | +$292K |
|
|
GWB
1439
DELISTED
Great Western Bancorp, Inc.
GWB
| $19.2M | 0.01% |
469,766
-23,579
| -5% | -$951K |
|
1440
HealthEquity
HQY
$8.01B
| $19.2M | 0.01% |
384,445
-102,837
| -21% | -$4.81M |
|
1441
Ligand Pharmaceuticals
LGND
$5.48B
| $19.1M | 0.01% |
252,577
+5,693
| +2% | +$398K |
|
|
AAT
1442
American Assets Trust
AAT
$1.34B
| $19.1M | 0.01% |
485,273
+28,094
| +6% | +$1.15M |
|
|
FLOW
1443
DELISTED
SPX FLOW, Inc.
FLOW
| $19M | 0.01% |
515,785
+201,833
| +64% | +$7.46M |
|
|
BPMC
1444
DELISTED
Blueprint Medicines
BPMC
| $19M | 0.01% |
+375,000
| New | +$15.9M |
|
|
CEL
1445
DELISTED
Cellcom Israel, Ltd.
CEL
| $19M | 0.01% |
1,969,384
| – | – |
|
|
AMWD
1446
DELISTED
American Woodmark
AMWD
| $19M | 0.01% |
198,511
+24,178
| +14% | +$2.22M |
|
1447
GATX Corp
GATX
$6.38B
| $19M | 0.01% |
294,901
+16,694
| +6% | +$1.02M |
|
1448
CEVA Inc
CEVA
$777M
| $18.9M | 0.01% |
+416,038
| New | +$17.1M |
|
|
MORE
1449
DELISTED
Monogram Residential Trust, Inc.
MORE
| $18.9M | 0.01% |
1,944,799
-161,652
| -8% | -$1.61M |
|
|
HF
1450
DELISTED
HFF Inc.
HF
| $18.9M | 0.01% |
543,083
| – | – |
|
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.