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 | |
|---|---|---|---|---|---|---|
|
HMHC
1576
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $15.1M | 0.01% |
1,231,571
+172,025
| +16% | +$2.1M |
|
1577
NN Inc
NNBR
$272M
| $15.1M | 0.01% |
550,394
+199,230
| +57% | +$5.51M |
|
|
MTSC
1578
DELISTED
MTS Systems Corp
MTSC
| $15.1M | 0.01% |
290,756
-55,976
| -16% | -$2.85M |
|
1579
Emergent Biosolutions
EBS
$326M
| $15M | 0.01% |
443,675
+67,169
| +18% | +$2.07M |
|
1580
B&G Foods
BGS
$257M
| $15M | 0.01% |
420,983
-250,274
| -37% | -$9.96M |
|
1581
Winnebago Industries
WGO
$772M
| $14.9M | 0.01% |
427,087
+84,629
| +25% | +$2.37M |
|
|
APRN
1582
DELISTED
Blue Apron Holdings, Inc. Class A Common Stock
APRN
| $14.9M | 0.01% |
+8,889
| New | +$15.5M |
|
|
ISCA
1583
DELISTED
International Speedway Corp
ISCA
| $14.9M | 0.01% |
397,739
+51,669
| +15% | +$1.9M |
|
1584
First Financial Corp
THFF
$929M
| $14.9M | 0.01% |
315,539
| – | – |
|
|
MB
1585
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $14.9M | 0.01% |
548,683
+403,052
| +277% | +$11.1M |
|
|
WW
1586
DELISTED
WW International
WW
| $14.9M | 0.01% |
445,934
+240,476
| +117% | +$5.81M |
|
|
KCG
1587
DELISTED
KCG Holdings, Inc.
KCG
| $14.9M | 0.01% |
746,556
| – | – |
|
1588
Clearwater Paper
CLW
$341M
| $14.9M | 0.01% |
318,307
| – | – |
|
1589
Boise Cascade
BCC
$2.65B
| $14.8M | 0.01% |
487,514
+233,655
| +92% | +$6.81M |
|
|
GRFS
1590
Grifois
GRFS
$5.01B
| $14.8M | 0.01% |
+700,000
| New | +$14.7M |
|
1591
Paycom
PAYC
$10.2B
| $14.8M | 0.01% |
215,742
-143,751
| -40% | -$9.24M |
|
|
FTD
1592
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $14.7M | 0.01% |
734,976
| – | – |
|
|
ESND
1593
DELISTED
Essendant Inc.
ESND
| $14.6M | 0.01% |
986,826
| – | – |
|
1594
Sturm, Ruger & Co
RGR
$595M
| $14.6M | 0.01% |
234,230
-197,232
| -46% | -$12.3M |
|
1595
Columbia Banking Systems
COLB
$8.53B
| $14.5M | 0.01% |
364,922
-79,307
| -18% | -$3.09M |
|
1596
Boyd Gaming
BYD
$5.53B
| $14.5M | 0.01% |
585,932
-300,774
| -34% | -$7.25M |
|
|
KERX
1597
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $14.5M | 0.01% |
2,005,796
+303,861
| +18% | +$1.9M |
|
1598
Liberty Latin America Class A
LILA
$1.74B
| $14.5M | 0.01% |
1,039,355
-133,710
| -11% | -$1.83M |
|
1599
ATI
ATI
$25.4B
| $14.5M | 0.01% |
851,045
-170,840
| -17% | -$2.87M |
|
|
PKY
1600
DELISTED
Parkway, Inc.
PKY
| $14.5M | 0.01% |
631,609
+99,415
| +19% | +$2M |
|
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.