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 | |
|---|---|---|---|---|---|---|
|
KND
1551
DELISTED
Kindred Healthcare
KND
| $15.8M | 0.01% |
1,358,341
+805,737
| +146% | +$7.94M |
|
|
LTXB
1552
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $15.8M | 0.01% |
414,624
+25,693
| +7% | +$955K |
|
|
EIGI
1553
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $15.7M | 0.01% |
1,884,596
-550,663
| -23% | -$4.27M |
|
1554
Community Health Systems
CYH
$419M
| $15.7M | 0.01% |
1,579,526
+286,182
| +22% | +$2.62M |
|
|
GCP
1555
DELISTED
GCP Applied Technologies Inc.
GCP
| $15.6M | 0.01% |
512,917
-403,174
| -44% | -$12.7M |
|
1556
Nabors Industries
NBR
$1.36B
| $15.6M | 0.01% |
38,398
-18,115
| -32% | -$9.12M |
|
|
CKH
1557
DELISTED
Seacor Holdings Inc.
CKH
| $15.6M | 0.01% |
469,378
+226,668
| +93% | +$12M |
|
1558
1st Source
SRCE
$2.1B
| $15.5M | 0.01% |
324,028
+34,200
| +12% | +$1.62M |
|
1559
FormFactor
FORM
$7.94B
| $15.5M | 0.01% |
1,250,000
+488,916
| +64% | +$6.31M |
|
|
GZT
1560
DELISTED
Gazit-globe Ltd
GZT
| $15.5M | 0.01% |
1,604,071
+130,187
| +9% | +$1.31M |
|
1561
Deckers Outdoor
DECK
$10.6B
| $15.5M | 0.01% |
1,361,856
+313,758
| +30% | +$3.27M |
|
1562
Eldorado Gold
EGO
$10.5B
| $15.5M | 0.01% |
1,167,235
+90,048
| +8% | +$1.47M |
|
|
ABCO
1563
DELISTED
Advisory Board Co
ABCO
| $15.4M | 0.01% |
299,179
-54,463
| -15% | -$2.73M |
|
|
NGHC
1564
DELISTED
National General Holdings Corp
NGHC
| $15.4M | 0.01% |
729,830
+410,709
| +129% | +$9.06M |
|
1565
Xencor
XNCR
$1.77B
| $15.4M | 0.01% |
727,553
| – | – |
|
1566
Seaboard Corp
SEB
$4.11B
| $15.3M | 0.01% |
3,842
-12
| -0.3% | -$48.2K |
|
1567
Algonquin Power & Utilities
AQN
$4.07B
| $15.3M | 0.01% |
1,459,977
-189,759
| -12% | -$1.9M |
|
1568
Compass Minerals
CMP
$1B
| $15.3M | 0.01% |
234,742
-18,376
| -7% | -$1.22M |
|
1569
Chord Energy
CHRD
$8.59B
| $15.3M | 0.01% |
1,902,435
| – | – |
|
|
CATM
1570
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $15.3M | 0.01% |
465,215
-127,564
| -22% | -$4.78M |
|
|
XOG
1571
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $15.3M | 0.01% |
1,135,248
+923,105
| +435% | +$14.4M |
|
|
DBD
1572
DELISTED
Diebold Nixdorf Incorporated
DBD
| $15.2M | 0.01% |
544,594
-165,640
| -23% | -$4.58M |
|
1573
Nexstar Media Group
NXST
$5.2B
| $15.2M | 0.01% |
254,151
-173,495
| -41% | -$10.9M |
|
|
TRVG
1574
trivago
TRVG
$412M
| $15.2M | 0.01% |
128,160
-46,840
| -27% | -$4.11M |
|
|
SPLK
1575
DELISTED
Splunk Inc
SPLK
| $15.2M | 0.01% |
266,472
-103,371
| -28% | -$6.43M |
|
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.