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 | |
|---|---|---|---|---|---|---|
|
HF
1426
DELISTED
HFF Inc.
HF
| $20.4M | 0.01% |
515,557
-27,526
| -5% | -$1.01M |
|
1427
Bausch Health
BHC
$2.34B
| $20.4M | 0.01% |
1,425,568
-216,975
| -13% | -$3.28M |
|
1428
Standex International
SXI
$4.12B
| $20.4M | 0.01% |
191,875
+10,804
| +6% | +$1.03M |
|
1429
SITE Centers
SITC
$165M
| $20.4M | 0.01% |
1,725,536
| – | – |
|
1430
Atlantic Union Bankshares
AUB
$5.93B
| $20.4M | 0.01% |
576,610
+422,000
| +273% | +$13.6M |
|
|
TDAY
1431
USA Today Co
TDAY
$1.06B
| $20.3M | 0.01% |
1,375,368
| – | – |
|
|
AAT
1432
American Assets Trust
AAT
$1.4B
| $20.3M | 0.01% |
511,091
+25,818
| +5% | +$1.04M |
|
1433
Nexstar Media Group
NXST
$5.92B
| $20.3M | 0.01% |
325,861
+71,710
| +28% | +$4.43M |
|
1434
Herc Holdings
HRI
$5.61B
| $20.3M | 0.01% |
412,650
-33,358
| -7% | -$1.45M |
|
|
KW
1435
DELISTED
Kennedy-Wilson Holdings
KW
| $20.3M | 0.01% |
1,092,703
-129,887
| -11% | -$2.5M |
|
|
SPLK
1436
DELISTED
Splunk Inc
SPLK
| $20.3M | 0.01% |
304,968
+38,496
| +14% | +$2.41M |
|
1437
GSK
GSK
$106B
| $20.2M | 0.01% |
398,991
| – | – |
|
|
AAMI
1438
Acadian Asset Management
AAMI
$3.2B
| $20.2M | 0.01% |
1,355,509
-12,812
| -0.9% | -$183K |
|
1439
Primoris Services
PRIM
$4.45B
| $20.2M | 0.01% |
686,985
+602,595
| +714% | +$16.1M |
|
|
VG
1440
DELISTED
Vonage Holdings Corporation
VG
| $20.1M | 0.01% |
2,475,454
-663,619
| -21% | -$5M |
|
|
AVXS
1441
DELISTED
AveXis, Inc. Common Stock
AVXS
| $20.1M | 0.01% |
+207,589
| New | +$18.7M |
|
|
PHH
1442
DELISTED
PHH Corporation
PHH
| $20M | 0.01% |
1,433,775
| – | – |
|
|
BRSL
1443
Brightstar Lottery PLC
BRSL
$2.03B
| $20M | 0.01% |
812,740
-135,666
| -14% | -$2.77M |
|
1444
Pan American Silver
PAAS
$21.6B
| $19.9M | 0.01% |
1,173,250
-74,776
| -6% | -$1.29M |
|
1445
ATI
ATI
$31.1B
| $19.9M | 0.01% |
833,684
-17,361
| -2% | -$343K |
|
|
WLL
1446
DELISTED
Whiting Petroleum Corporation
WLL
| $19.9M | 0.01% |
12,159
| – | – |
|
|
GWB
1447
DELISTED
Great Western Bancorp, Inc.
GWB
| $19.9M | 0.01% |
482,470
+12,704
| +3% | +$485K |
|
1448
Invesco Mortgage Capital
IVR
$805M
| $19.9M | 0.01% |
116,230
-34,648
| -23% | -$5.84M |
|
1449
Integer Holdings
ITGR
$4.26B
| $19.9M | 0.01% |
389,071
+231,226
| +146% | +$10.6M |
|
|
CNSL
1450
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $19.8M | 0.01% |
1,039,227
-141,225
| -12% | -$2.66M |
|
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.