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 | |
|---|---|---|---|---|---|---|
|
CEL
1501
DELISTED
Cellcom Israel, Ltd.
CEL
| $18.3M | 0.01% |
1,969,384
| – | – |
|
1502
OneMain Financial
OMF
$7.47B
| $18.3M | 0.01% |
648,009
| – | – |
|
1503
Wolfspeed
WOLF
$1.71B
| $18.3M | 0.01% |
647,618
-40,273
| -6% | -$1M |
|
|
TRST
1504
Trustco Bank Corp NY
TRST
$938M
| $18.2M | 0.01% |
409,766
+170,714
| +71% | +$6.81M |
|
|
GZT
1505
DELISTED
Gazit-globe Ltd
GZT
| $18.2M | 0.01% |
1,892,065
+287,994
| +18% | +$2.79M |
|
|
LTRPA
1506
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $18.2M | 0.01% |
1,471,882
+669,876
| +84% | +$8.32M |
|
1507
Insight Enterprises
NSIT
$4.51B
| $18.2M | 0.01% |
395,642
-153,639
| -28% | -$6.32M |
|
1508
GATX Corp
GATX
$6.27B
| $18.2M | 0.01% |
294,901
| – | – |
|
1509
Trex
TREX
$5.01B
| $18M | 0.01% |
800,692
-2,712
| -0.3% | -$51.7K |
|
1510
RLI Corp
RLI
$5.89B
| $18M | 0.01% |
627,606
+8,502
| +1% | +$234K |
|
1511
Kelly Services Class A
KELYA
$527M
| $18M | 0.01% |
716,389
+78,208
| +12% | +$1.76M |
|
|
UNT
1512
DELISTED
UNIT Corporation
UNT
| $18M | 0.01% |
873,380
-304,276
| -26% | -$5.43M |
|
1513
Badger Meter
BMI
$4.03B
| $17.9M | 0.01% |
366,260
+283,580
| +343% | +$12.6M |
|
1514
Emergent Biosolutions
EBS
$248M
| $17.9M | 0.01% |
443,675
| – | – |
|
1515
Watts Water Technologies
WTS
$13.1B
| $17.9M | 0.01% |
259,047
+77,046
| +42% | +$4.95M |
|
1516
BOK Financial
BOKF
$8.74B
| $17.8M | 0.01% |
200,289
| – | – |
|
|
HOLI
1517
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $17.7M | 0.01% |
820,397
+413,963
| +102% | +$7.95M |
|
1518
Crocs
CROX
$6.55B
| $17.7M | 0.01% |
1,826,438
+1,036,135
| +131% | +$8.86M |
|
|
SEM
1519
DELISTED
Select Medical
SEM
| $17.7M | 0.01% |
1,711,757
+251,896
| +17% | +$2.33M |
|
1520
AZZ Inc
AZZ
$4.54B
| $17.7M | 0.01% |
362,749
+17,137
| +5% | +$852K |
|
|
NTUS
1521
DELISTED
Natus Medical Inc
NTUS
| $17.7M | 0.01% |
470,904
+99,269
| +27% | +$3.5M |
|
1522
First Merchants
FRME
$2.67B
| $17.6M | 0.01% |
410,394
+209,260
| +104% | +$8.33M |
|
1523
Glacier Bancorp
GBCI
$6.35B
| $17.6M | 0.01% |
465,098
| – | – |
|
1524
Renasant Corp
RNST
$3.91B
| $17.5M | 0.01% |
406,817
-63,556
| -14% | -$2.62M |
|
1525
Jack in the Box
JACK
$335M
| $17.4M | 0.01% |
170,948
-58,847
| -26% | -$5.63M |
|
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.