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 | |
|---|---|---|---|---|---|---|
1601
Franklin Electric
FELE
$4.24B
| $14.4M | 0.01% |
346,970
+15,000
| +5% | +$602K |
|
|
ALX
1602
Alexander's
ALX
$1.25B
| $14.3M | 0.01% |
34,037
| – | – |
|
1603
Kelly Services Class A
KELYA
$571M
| $14.3M | 0.01% |
638,181
+7,422
| +1% | +$166K |
|
1604
Baytex Energy
BTE
$3.61B
| $14.2M | 0.01% |
5,858,001
+1,043,790
| +22% | +$3.11M |
|
|
CNR
1605
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $14.2M | 0.01% |
850,535
+120,000
| +16% | +$2.03M |
|
|
WAIR
1606
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $14.2M | 0.01% |
1,308,954
+229,523
| +21% | +$2.36M |
|
|
CAVM
1607
DELISTED
Cavium, Inc.
CAVM
| $14.2M | 0.01% |
228,254
-45,379
| -17% | -$3.17M |
|
|
DDC
1608
DELISTED
Dominion Diamond Corporation
DDC
| $14.2M | 0.01% |
1,128,567
| – | – |
|
|
EXPR
1609
DELISTED
Express, Inc.
EXPR
| $14.2M | 0.01% |
104,989
| – | – |
|
1610
WIX.com
WIX
$3.46B
| $14.2M | 0.01% |
203,618
+12,521
| +7% | +$936K |
|
1611
Oxford Industries
OXM
$444M
| $14.1M | 0.01% |
226,148
+98,550
| +77% | +$5.69M |
|
1612
Eagle Bancorp
EGBN
$862M
| $14.1M | 0.01% |
223,056
| – | – |
|
|
SLCA
1613
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $14.1M | 0.01% |
397,577
-92,956
| -19% | -$3.66M |
|
1614
National Presto Industries
NPK
$1.11B
| $14.1M | 0.01% |
127,242
+6,800
| +6% | +$718K |
|
|
RESI
1615
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $14M | 0.01% |
1,083,356
+264,390
| +32% | +$3.75M |
|
1616
Shenandoah Telecom
SHEN
$644M
| $14M | 0.01% |
456,367
+84,165
| +23% | +$2.61M |
|
1617
ProPetro Holding
PUMP
$1.28B
| $14M | 0.01% |
1,000,000
| – | – |
|
|
OCLR
1618
DELISTED
Oclaro Inc.
OCLR
| $13.9M | 0.01% |
+1,488,541
| New | +$13.5M |
|
|
NTUS
1619
DELISTED
Natus Medical Inc
NTUS
| $13.9M | 0.01% |
371,635
-131,701
| -26% | -$4.76M |
|
|
CTB
1620
DELISTED
Cooper Tire & Rubber Co.
CTB
| $13.9M | 0.01% |
383,744
-289,052
| -43% | -$11.2M |
|
|
ITG
1621
DELISTED
Investment Technology Group Inc
ITG
| $13.8M | 0.01% |
651,817
| – | – |
|
1622
St. Joe Company
JOE
$3.66B
| $13.8M | 0.01% |
735,958
+109,532
| +17% | +$1.94M |
|
1623
TFS Financial
TFSL
$4.79B
| $13.8M | 0.01% |
890,015
-21,081
| -2% | -$341K |
|
1624
Safety Insurance
SAFT
$1.52B
| $13.8M | 0.01% |
201,325
+12,502
| +7% | +$857K |
|
|
TMHC
1625
DELISTED
Taylor Morrison
TMHC
| $13.7M | 0.01% |
571,099
+200,000
| +54% | +$4.61M |
|
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.