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 | |
|---|---|---|---|---|---|---|
1651
ABM Industries
ABM
$2.84B
| $13.2M | 0.01% |
315,325
+6,300
| +2% | +$268K |
|
|
ORIT
1652
DELISTED
Oritani Financial Corp. New
ORIT
| $13.1M | 0.01% |
781,409
+159,465
| +26% | +$2.62M |
|
1653
Armstrong World Industries
AWI
$7.84B
| $13.1M | 0.01% |
254,704
+9,245
| +4% | +$435K |
|
|
ESND
1654
DELISTED
Essendant Inc.
ESND
| $13M | ﹤0.01% |
986,826
| – | – |
|
1655
SM Energy
SM
$6.92B
| $13M | ﹤0.01% |
730,931
| – | – |
|
|
LNW
1656
DELISTED
Light & Wonder
LNW
| $12.9M | ﹤0.01% |
280,905
-68,356
| -20% | -$2.38M |
|
|
CYBR
1657
DELISTED
CyberArk
CYBR
| $12.9M | ﹤0.01% |
313,847
+47,916
| +18% | +$2.03M |
|
|
ARD
1658
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $12.8M | ﹤0.01% |
600,000
-100,000
| -14% | -$2.15M |
|
|
ENV
1659
DELISTED
ENVESTNET, INC.
ENV
| $12.7M | ﹤0.01% |
249,224
-26,823
| -10% | -$1.15M |
|
|
RAD
1660
DELISTED
Rite Aid Corporation
RAD
| $12.7M | ﹤0.01% |
323,589
-21,186
| -6% | -$1M |
|
|
SAFE
1661
Safehold
SAFE
$1.15B
| $12.6M | ﹤0.01% |
219,149
+20,932
| +11% | +$1.2M |
|
|
EIGI
1662
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $12.5M | ﹤0.01% |
1,529,652
-354,944
| -19% | -$2.86M |
|
|
AERI
1663
DELISTED
Aerie Pharmaceuticals
AERI
| $12.5M | ﹤0.01% |
+257,834
| New | +$14.1M |
|
1664
HealthEquity
HQY
$8.75B
| $12.5M | ﹤0.01% |
247,431
-137,014
| -36% | -$6.38M |
|
1665
Acadia Healthcare
ACHC
$2.94B
| $12.4M | ﹤0.01% |
260,266
-16,384
| -6% | -$799K |
|
1666
Artisan Partners
APAM
$3.02B
| $12.4M | ﹤0.01% |
380,725
+65,725
| +21% | +$2.04M |
|
|
MDP
1667
DELISTED
Meredith Corporation
MDP
| $12.4M | ﹤0.01% |
222,565
-178,105
| -44% | -$10.1M |
|
1668
Capitol Federal Financial
CFFN
$1.1B
| $12.3M | ﹤0.01% |
836,027
| – | – |
|
|
UHT
1669
Universal Health Realty Income Trust
UHT
$594M
| $12.2M | ﹤0.01% |
161,869
| – | – |
|
1670
BJ's Restaurants
BJRI
$1.48B
| $12.2M | ﹤0.01% |
400,919
+164,733
| +70% | +$5.34M |
|
1671
Heartland Express
HTLD
$956M
| $12.2M | ﹤0.01% |
486,209
+88,861
| +22% | +$1.94M |
|
|
FARO
1672
DELISTED
Faro Technologies
FARO
| $12.2M | ﹤0.01% |
318,749
| – | – |
|
|
AHT
1673
Ashford Hospitality Trust
AHT
$21M
| $12.2M | ﹤0.01% |
1,847
+275
| +17% | +$1.69M |
|
1674
Petrobras Class A
PBR.A
$103B
| $12.2M | ﹤0.01% |
1,258,403
| – | – |
|
1675
Lumen
LUMN
$6.44B
| $12.1M | ﹤0.01% |
641,992
-1,755,475
| -73% | -$37M |
|
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.