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 | |
|---|---|---|---|---|---|---|
|
MDCO
1476
DELISTED
Medicines Co
MDCO
| $19.1M | 0.01% |
515,477
+37,227
| +8% | +$1.37M |
|
1477
Flowserve
FLS
$10.2B
| $19.1M | 0.01% |
448,043
-32,986
| -7% | -$1.39M |
|
|
FNSR
1478
DELISTED
Finisar Corp
FNSR
| $19M | 0.01% |
857,423
-526,710
| -38% | -$12.9M |
|
|
DCH
1479
Dauch Corp
DCH
$1.51B
| $19M | 0.01% |
1,081,220
-928,561
| -46% | -$14.3M |
|
|
CHS
1480
DELISTED
Chicos FAS, Inc.
CHS
| $19M | 0.01% |
2,119,193
-1,050,633
| -33% | -$8.94M |
|
1481
Piper Sandler
PIPR
$5.29B
| $18.9M | 0.01% |
1,276,612
+39,588
| +3% | +$584K |
|
1482
Forrester Research
FORR
$228M
| $18.9M | 0.01% |
451,294
+125,541
| +39% | +$5.06M |
|
1483
Simpson Manufacturing
SSD
$8.16B
| $18.9M | 0.01% |
385,129
-90,942
| -19% | -$4.05M |
|
|
INN
1484
Summit Hotel Properties
INN
$700M
| $18.9M | 0.01% |
1,180,730
-77,187
| -6% | -$1.25M |
|
|
FSP
1485
Franklin Street Properties
FSP
$46.8M
| $18.8M | 0.01% |
1,774,867
-468,702
| -21% | -$4.83M |
|
|
FOLD
1486
DELISTED
Amicus Therapeutics
FOLD
| $18.8M | 0.01% |
1,247,933
+622,568
| +100% | +$8.24M |
|
|
LGF.A
1487
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $18.8M | 0.01% |
561,352
-32,000
| -5% | -$943K |
|
|
CSRA
1488
DELISTED
CSRA Inc.
CSRA
| $18.8M | 0.01% |
581,483
-195,154
| -25% | -$6.29M |
|
|
CAA
1489
DELISTED
CalAtlantic Group, Inc.
CAA
| $18.7M | 0.01% |
510,007
| – | – |
|
|
CYS
1490
DELISTED
CYS Investments Inc.
CYS
| $18.6M | 0.01% |
2,154,799
+269,537
| +14% | +$2.32M |
|
1491
UFP Industries
UFPI
$5.19B
| $18.6M | 0.01% |
567,525
-127,098
| -18% | -$3.67M |
|
|
WPG
1492
DELISTED
Washington Prime Group Inc.
WPG
| $18.5M | 0.01% |
247,415
| – | – |
|
|
DF
1493
DELISTED
Dean Foods Company
DF
| $18.5M | 0.01% |
1,702,994
+195,058
| +13% | +$2.51M |
|
|
HTZ
1494
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $18.5M | 0.01% |
953,307
-998,988
| -51% | -$15.7M |
|
|
DMC
1495
Del Monte Corp
DMC
$1.45B
| $18.5M | 0.01% |
406,201
-18,898
| -4% | -$918K |
|
1496
Ormat Technologies
ORA
$6.64B
| $18.5M | 0.01% |
302,229
-78,058
| -21% | -$4.5M |
|
1497
Marriott Vacations Worldwide
VAC
$4.24B
| $18.4M | 0.01% |
148,023
+41,119
| +38% | +$4.73M |
|
|
TRQ
1498
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $18.4M | 0.01% |
595,989
-74,956
| -11% | -$2.31M |
|
1499
Mattel
MAT
$4.3B
| $18.4M | 0.01% |
1,187,841
-2,242,175
| -65% | -$40.1M |
|
|
LMNX
1500
DELISTED
Luminex Corp
LMNX
| $18.4M | 0.01% |
903,249
+117,463
| +15% | +$2.34M |
|
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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.