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 | |
|---|---|---|---|---|---|---|
|
ENDP
1501
DELISTED
Endo International plc
ENDP
| $17.3M | 0.01% |
1,551,362
-1,453,067
| -48% | -$17.1M |
|
1502
PRA Group
PRAA
$726M
| $17.3M | 0.01% |
456,888
-237,568
| -34% | -$8.28M |
|
1503
Pacira BioSciences
PCRX
$960M
| $17.2M | 0.01% |
360,068
+27,849
| +8% | +$1.29M |
|
1504
Matthews International
MATW
$627M
| $17.1M | 0.01% |
279,563
+33,592
| +14% | +$2.2M |
|
1505
McGrath RentCorp
MGRC
$2.71B
| $17.1M | 0.01% |
492,920
+35,000
| +8% | +$1.2M |
|
1506
Glacier Bancorp
GBCI
$5.89B
| $17M | 0.01% |
465,098
-152,076
| -25% | -$5.2M |
|
1507
CBIZ
CBZ
$2.97B
| $17M | 0.01% |
1,132,221
+221,500
| +24% | +$3.32M |
|
1508
Wolfspeed
WOLF
$1.27B
| $17M | 0.01% |
687,891
-148,046
| -18% | -$3.54M |
|
|
PAY
1509
DELISTED
Verifone Systems Inc
PAY
| $16.9M | 0.01% |
936,238
-548,768
| -37% | -$9.89M |
|
1510
RLI Corp
RLI
$5.63B
| $16.9M | 0.01% |
619,104
-20,048
| -3% | -$564K |
|
|
FCH
1511
DELISTED
Felcor Lodging Trust
FCH
| $16.9M | 0.01% |
2,341,285
+497,318
| +27% | +$3.68M |
|
1512
Sabra Healthcare REIT
SBRA
$5.18B
| $16.9M | 0.01% |
700,158
-45,443
| -6% | -$1.16M |
|
1513
BOK Financial
BOKF
$8.25B
| $16.9M | 0.01% |
200,289
-79,132
| -28% | -$6.45M |
|
1514
Prothena Corp
PRTA
$428M
| $16.8M | 0.01% |
310,957
-48,469
| -13% | -$2.58M |
|
1515
News Corp Class B
NWS
$18.1B
| $16.8M | 0.01% |
1,188,858
| – | – |
|
|
TYPE
1516
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $16.8M | 0.01% |
916,554
+268,938
| +42% | +$5.26M |
|
|
LGF.A
1517
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $16.7M | 0.01% |
593,352
-71,161
| -11% | -$1.87M |
|
1518
FerroAtlántica
GSM
$809M
| $16.7M | 0.01% |
1,395,171
+939,413
| +206% | +$9.51M |
|
1519
Adecoagro
AGRO
$1.67B
| $16.6M | 0.01% |
1,665,692
+670,433
| +67% | +$7.33M |
|
|
AFSI
1520
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $16.6M | 0.01% |
1,098,811
-252,964
| -19% | -$3.74M |
|
|
KNL
1521
DELISTED
Knoll, Inc.
KNL
| $16.6M | 0.01% |
828,421
-56,335
| -6% | -$1.27M |
|
|
SPN
1522
DELISTED
Superior Energy Services, Inc.
SPN
| $16.6M | 0.01% |
159,189
-36,006
| -18% | -$4.19M |
|
|
LMNX
1523
DELISTED
Luminex Corp
LMNX
| $16.6M | 0.01% |
785,786
| – | – |
|
1524
Apogee Enterprises
APOG
$781M
| $16.6M | 0.01% |
291,214
-30,270
| -9% | -$1.66M |
|
|
SUM
1525
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $16.5M | 0.01% |
588,393
+10,876
| +2% | +$283K |
|
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.