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 | |
|---|---|---|---|---|---|---|
|
SJI
1526
DELISTED
South Jersey Industries, Inc.
SJI
| $16.4M | 0.01% |
481,424
-24,276
| -5% | -$881K |
|
|
CZZ
1527
DELISTED
Cosan Limited
CZZ
| $16.4M | 0.01% |
2,565,540
| – | – |
|
1528
Standex International
SXI
$3.13B
| $16.4M | 0.01% |
181,071
+25,881
| +17% | +$2.35M |
|
1529
AMC Entertainment Holdings
AMC
$2.28B
| $16.4M | 0.01% |
+72,041
| New | +$19.3M |
|
|
CHUBK
1530
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $16.3M | 0.01% |
936,861
-114,546
| -11% | -$1.89M |
|
|
BPFH
1531
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $16.3M | 0.01% |
1,063,099
+153,200
| +17% | +$2.37M |
|
1532
Genesco
GCO
$371M
| $16.3M | 0.01% |
480,935
+81,588
| +20% | +$3.64M |
|
|
WGL
1533
DELISTED
Wgl Holdings
WGL
| $16.3M | 0.01% |
195,117
| – | – |
|
1534
ESCO Technologies
ESE
$6.74B
| $16.2M | 0.01% |
272,308
+36,990
| +16% | +$2.16M |
|
1535
Materion
MTRN
$4.99B
| $16.2M | 0.01% |
434,259
+7,144
| +2% | +$252K |
|
|
ATW
1536
DELISTED
Atwood Oceanics
ATW
| $16.2M | 0.01% |
1,992,417
+995,719
| +100% | +$8.58M |
|
1537
TTEC Holdings
TTEC
$62.6M
| $16.2M | 0.01% |
397,589
+26,832
| +7% | +$973K |
|
|
SC
1538
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $16.2M | 0.01% |
1,269,389
| – | – |
|
|
KLXI
1539
DELISTED
KLX Inc.
KLXI
| $16.1M | 0.01% |
382,994
-284,852
| -43% | -$11.5M |
|
|
CMO
1540
DELISTED
Capstead Mortgage Corp.
CMO
| $16.1M | 0.01% |
1,546,203
+173,276
| +13% | +$1.86M |
|
1541
AutoNation
AN
$6.73B
| $16.1M | 0.01% |
381,212
-424,038
| -53% | -$17.3M |
|
1542
LiveRamp
RAMP
$2.29B
| $16M | 0.01% |
616,834
+30,359
| +5% | +$825K |
|
|
RDUS
1543
DELISTED
Radius Recycling
RDUS
| $16M | 0.01% |
635,305
+2,924
| +0.5% | +$57.8K |
|
1544
Patterson-UTI
PTEN
$4.85B
| $16M | 0.01% |
791,840
-739,571
| -48% | -$16.1M |
|
1545
Strategic Education
STRA
$1.85B
| $16M | 0.01% |
171,319
-41,300
| -19% | -$3.62M |
|
|
LGF.B
1546
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $15.9M | 0.01% |
606,712
-190,006
| -24% | -$4.61M |
|
1547
OneMain Financial
OMF
$7.08B
| $15.9M | 0.01% |
648,009
+128,331
| +25% | +$3.02M |
|
|
IRBT
1548
DELISTED
iRobot
IRBT
| $15.9M | 0.01% |
189,071
+144,919
| +328% | +$12.5M |
|
|
CYS
1549
DELISTED
CYS Investments Inc.
CYS
| $15.9M | 0.01% |
1,885,262
| – | – |
|
|
ARD
1550
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $15.8M | 0.01% |
700,000
| – | – |
|
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.