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 | |
|---|---|---|---|---|---|---|
1551
The Greenbrier Companies
GBX
$1.46B
| $16.1M | 0.01% |
334,855
-135,920
| -29% | -$6.03M |
|
1552
Paycom
PAYC
$10B
| $16.1M | 0.01% |
214,811
-931
| -0.4% | -$66.7K |
|
|
CSII
1553
DELISTED
Cardiovascular Systems, Inc.
CSII
| $16.1M | 0.01% |
571,620
| – | – |
|
|
VMW
1554
DELISTED
VMware, Inc
VMW
| $16.1M | 0.01% |
147,233
+146,264
| +15,094% | +$14.4M |
|
|
ALX
1555
Alexander's
ALX
$1.41B
| $16.1M | 0.01% |
37,859
+3,822
| +11% | +$1.61M |
|
1556
Rayonier Advanced Materials
RYAM
$610M
| $16.1M | 0.01% |
1,171,647
| – | – |
|
1557
St. Joe Company
JOE
$3.83B
| $16.1M | 0.01% |
851,485
+115,527
| +16% | +$2.15M |
|
1558
Supernus Pharmaceuticals
SUPN
$2.77B
| $16M | 0.01% |
+401,193
| New | +$17.4M |
|
|
ARR
1559
Armour Residential REIT
ARR
$2.36B
| $16M | 0.01% |
119,080
+11,596
| +11% | +$1.5M |
|
1560
Dycom Industries
DY
$12.3B
| $16M | 0.01% |
186,455
-15,000
| -7% | -$1.26M |
|
|
DDC
1561
DELISTED
Dominion Diamond Corporation
DDC
| $16M | 0.01% |
1,128,567
| – | – |
|
1562
NN Inc
NNBR
$291M
| $16M | 0.01% |
550,394
| – | – |
|
|
VCRA
1563
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $15.9M | 0.01% |
505,623
| – | – |
|
1564
Community Trust Bancorp
CTBI
$1.41B
| $15.8M | 0.01% |
340,194
+86,562
| +34% | +$3.72M |
|
1565
Liberty Latin America Class A
LILA
$1.67B
| $15.8M | 0.01% |
1,039,355
| – | – |
|
|
STMP
1566
DELISTED
Stamps.com, Inc.
STMP
| $15.8M | 0.01% |
77,752
+47,711
| +159% | +$8.75M |
|
1567
Petrobras
PBR
$116B
| $15.7M | 0.01% |
1,567,077
-998,003
| -39% | -$9.06M |
|
|
KND
1568
DELISTED
Kindred Healthcare
KND
| $15.7M | 0.01% |
2,312,116
+953,775
| +70% | +$8.12M |
|
|
RPT
1569
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $15.7M | 0.01% |
1,206,838
+282,017
| +30% | +$3.77M |
|
1570
Helix Energy Solutions
HLX
$1.41B
| $15.7M | 0.01% |
2,121,144
+1,332,240
| +169% | +$8.43M |
|
1571
BancFirst
BANF
$3.8B
| $15.6M | 0.01% |
275,370
| – | – |
|
|
HIFR
1572
DELISTED
InfraREIT, Inc.
HIFR
| $15.6M | 0.01% |
698,062
+45,528
| +7% | +$977K |
|
|
ONCE
1573
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $15.6M | 0.01% |
174,401
| – | – |
|
|
RESI
1574
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $15.5M | 0.01% |
1,396,850
+313,494
| +29% | +$3.82M |
|
1575
Tennant Co
TNC
$1.26B
| $15.5M | 0.01% |
234,062
+70,214
| +43% | +$4.7M |
|
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.