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 | |
|---|---|---|---|---|---|---|
|
KRA
1626
DELISTED
Kraton Corporation
KRA
| $13.7M | 0.01% |
397,556
+59,142
| +17% | +$1.94M |
|
1627
Acadia Healthcare
ACHC
$2.55B
| $13.7M | 0.01% |
276,650
+9,220
| +3% | +$408K |
|
|
AMAG
1628
DELISTED
AMAG Pharmaceuticals
AMAG
| $13.6M | 0.01% |
739,666
+117,600
| +19% | +$2.33M |
|
1629
Atlanta Braves Holdings Series A
BATRA
$3.59B
| $13.6M | 0.01% |
569,036
| – | – |
|
|
KYNB
1630
Kyntra Bio
KYNB
$31.5M
| $13.6M | 0.01% |
16,831
+980
| +6% | +$683K |
|
1631
Trex
TREX
$4.44B
| $13.6M | 0.01% |
803,404
-121,220
| -13% | -$2.05M |
|
|
SNCR
1632
DELISTED
Synchronoss Technologies
SNCR
| $13.5M | 0.01% |
90,940
+28,586
| +46% | +$4.27M |
|
|
ARR
1633
Armour Residential REIT
ARR
$2.13B
| $13.4M | 0.01% |
107,484
-7,156
| -6% | -$900K |
|
|
VCRA
1634
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $13.4M | 0.01% |
505,623
| – | – |
|
|
DCOM
1635
DELISTED
Dime Community Bancshares
DCOM
| $13.3M | 0.01% |
680,831
+117,254
| +21% | +$2.34M |
|
1636
Usana Health Sciences
USNA
$275M
| $13.3M | 0.01% |
207,890
+11,122
| +6% | +$685K |
|
1637
BancFirst
BANF
$3.73B
| $13.3M | 0.01% |
275,370
+49,602
| +22% | +$2.35M |
|
|
CYBR
1638
DELISTED
CyberArk
CYBR
| $13.3M | 0.01% |
265,931
-41,743
| -14% | -$2.11M |
|
1639
NovaGold Resources
NG
$3.18B
| $13.2M | 0.01% |
2,909,926
-248,138
| -8% | -$1.07M |
|
1640
Forestar Group
FOR
$1.37B
| $13.2M | 0.01% |
770,748
| – | – |
|
1641
City Holding Co
CHCO
$2.04B
| $13.1M | 0.01% |
199,159
+13,970
| +8% | +$925K |
|
|
SUP
1642
DELISTED
Superior Industries International
SUP
| $12.9M | 0.01% |
629,807
-20,300
| -3% | -$422K |
|
|
UHT
1643
Universal Health Realty Income Trust
UHT
$566M
| $12.9M | 0.01% |
161,869
| – | – |
|
1644
ABM Industries
ABM
$2.93B
| $12.8M | 0.01% |
309,025
-129,592
| -30% | -$5.5M |
|
1645
American States Water
AWR
$3.43B
| $12.8M | 0.01% |
270,599
+74,768
| +38% | +$3.44M |
|
1646
Halozyme
HALO
$12.1B
| $12.8M | 0.01% |
995,008
-19,844
| -2% | -$265K |
|
1647
Forrester Research
FORR
$225M
| $12.8M | 0.01% |
325,753
+43,200
| +15% | +$1.71M |
|
|
CBPX
1648
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $12.7M | 0.01% |
545,610
+299,028
| +121% | +$7.23M |
|
|
FINL
1649
DELISTED
Finish Line
FINL
| $12.7M | 0.01% |
897,105
-111,419
| -11% | -$1.62M |
|
|
IPXL
1650
DELISTED
Impax Laboratories, Inc.
IPXL
| $12.7M | 0.01% |
787,161
-31,753
| -4% | -$469K |
|
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.