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 | |
|---|---|---|---|---|---|---|
1526
Chord Energy
CHRD
$7.39B
| $17.4M | 0.01% |
1,902,435
| – | – |
|
1527
Hyster-Yale Materials Handling
HY
$665M
| $17.3M | 0.01% |
226,690
+110,063
| +94% | +$7.73M |
|
|
TIME
1528
DELISTED
Time Inc.
TIME
| $17.3M | 0.01% |
1,281,024
| – | – |
|
1529
Halozyme
HALO
$12.2B
| $17.3M | 0.01% |
995,008
| – | – |
|
1530
First Commonwealth Financial
FCF
$2.17B
| $17.2M | 0.01% |
1,216,840
-177,675
| -13% | -$2.29M |
|
|
LOXO
1531
DELISTED
Loxo Oncology, Inc
LOXO
| $17.1M | 0.01% |
+186,162
| New | +$14.5M |
|
|
IPXL
1532
DELISTED
Impax Laboratories, Inc.
IPXL
| $17.1M | 0.01% |
842,826
+55,665
| +7% | +$1.06M |
|
1533
Smith & Wesson
SWBI
$637M
| $17.1M | 0.01% |
1,456,754
+319,914
| +28% | +$4.51M |
|
1534
1st Source
SRCE
$2.12B
| $16.9M | 0.01% |
332,391
+8,363
| +3% | +$400K |
|
1535
Exponent
EXPO
$3.24B
| $16.8M | 0.01% |
454,132
+99,552
| +28% | +$3.29M |
|
1536
Xencor
XNCR
$1.55B
| $16.7M | 0.01% |
727,553
| – | – |
|
1537
Zillow
ZG
$7.63B
| $16.6M | 0.01% |
414,383
| – | – |
|
1538
Regis Corp
RGS
$70.2M
| $16.6M | 0.01% |
58,222
+18,498
| +47% | +$4.26M |
|
|
BPFH
1539
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $16.5M | 0.01% |
999,924
-63,175
| -6% | -$955K |
|
|
RRD
1540
DELISTED
RR Donnelley & Sons Co.
RRD
| $16.5M | 0.01% |
1,606,132
| – | – |
|
1541
Insmed
INSM
$28.6B
| $16.5M | 0.01% |
530,036
-86,638
| -14% | -$1.65M |
|
1542
Gibraltar Industries
ROCK
$1.49B
| $16.5M | 0.01% |
529,458
-81,128
| -13% | -$2.45M |
|
1543
Axcelis
ACLS
$4.31B
| $16.5M | 0.01% |
601,916
+58,132
| +11% | +$1.29M |
|
|
WGL
1544
DELISTED
Wgl Holdings
WGL
| $16.4M | 0.01% |
195,117
| – | – |
|
|
CIR
1545
DELISTED
CIRCOR International, Inc
CIR
| $16.4M | 0.01% |
301,662
-24,904
| -8% | -$1.3M |
|
|
KG
1546
Kestrel Group
KG
$69M
| $16.3M | 0.01% |
102,428
+15,788
| +18% | +$2.79M |
|
|
ESV
1547
DELISTED
Ensco Rowan plc
ESV
| $16.3M | 0.01% |
681,554
-555,018
| -45% | -$11.1M |
|
|
VIVO
1548
DELISTED
Meridian Bioscience Inc
VIVO
| $16.2M | 0.01% |
1,136,022
| – | – |
|
1549
News Corp Class B
NWS
$17.5B
| $16.2M | 0.01% |
1,188,858
| – | – |
|
1550
Terreno Realty
TRNO
$7.49B
| $16.2M | 0.01% |
+448,154
| New | +$15.7M |
|
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.