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 | |
|---|---|---|---|---|---|---|
|
JBTM
1676
JBT Marel
JBTM
$5.78B
| $11.7M | ﹤0.01% |
118,927
-16,089
| -12% | -$1.43M |
|
|
VRTU
1677
DELISTED
Virtusa Corporation
VRTU
| $11.6M | ﹤0.01% |
396,080
-17,737
| -4% | -$521K |
|
|
OBE
1678
Obsidian Energy
OBE
$847M
| $11.6M | ﹤0.01% |
+1,322,935
| New | +$11.8M |
|
|
SAFE
1679
Safehold
SAFE
$976M
| $11.6M | ﹤0.01% |
198,217
+40,272
| +25% | +$2.38M |
|
|
BGG
1680
DELISTED
Briggs & Stratton Corp.
BGG
| $11.6M | ﹤0.01% |
481,147
+74,853
| +18% | +$1.77M |
|
1681
E.W. Scripps
SSP
$297M
| $11.5M | ﹤0.01% |
648,371
+473,371
| +270% | +$9.25M |
|
1682
Watts Water Technologies
WTS
$11.7B
| $11.5M | ﹤0.01% |
182,001
-13,601
| -7% | -$848K |
|
|
ARRY
1683
DELISTED
Array Biopharma Inc
ARRY
| $11.5M | ﹤0.01% |
1,373,168
+761,830
| +125% | +$6.23M |
|
1684
Axcelis
ACLS
$3.24B
| $11.4M | ﹤0.01% |
543,784
+368,132
| +210% | +$7.78M |
|
|
ARII
1685
DELISTED
American Railcar Industries, Inc.
ARII
| $11.3M | ﹤0.01% |
295,938
| – | – |
|
1686
Towne Bank
TOWN
$3.47B
| $11.3M | ﹤0.01% |
367,920
+158,813
| +76% | +$4.91M |
|
1687
Armstrong World Industries
AWI
$6.77B
| $11.3M | ﹤0.01% |
245,459
-65,207
| -21% | -$2.92M |
|
1688
Independent Bank
INDB
$3.96B
| $11.3M | ﹤0.01% |
168,864
-12,444
| -7% | -$793K |
|
1689
Columbia Sportswear
COLM
$2.89B
| $11.2M | ﹤0.01% |
193,637
+46,353
| +31% | +$2.62M |
|
1690
Asbury Automotive
ABG
$3.68B
| $11.2M | ﹤0.01% |
198,245
-4,839
| -2% | -$278K |
|
1691
Range Resources
RRC
$9.79B
| $11.2M | ﹤0.01% |
481,781
-921,978
| -66% | -$23.2M |
|
|
RDUS
1692
DELISTED
Radius Health, Inc.
RDUS
| $11.1M | ﹤0.01% |
246,050
-109,424
| -31% | -$4.18M |
|
1693
Quanex
NX
$968M
| $11.1M | ﹤0.01% |
525,681
-96,168
| -15% | -$1.95M |
|
1694
Tenaris
TS
$28.6B
| $11.1M | ﹤0.01% |
357,005
| – | – |
|
1695
Cimpress
CMPR
$2.03B
| $11.1M | ﹤0.01% |
117,433
-35,850
| -23% | -$3.17M |
|
1696
Community Trust Bancorp
CTBI
$1.41B
| $11.1M | ﹤0.01% |
253,632
+71,467
| +39% | +$3.13M |
|
1697
REX American Resources
REX
$1.41B
| $11.1M | ﹤0.01% |
688,524
| – | – |
|
1698
Alamos Gold
AGI
$14.7B
| $11M | ﹤0.01% |
1,559,223
-958,819
| -38% | -$6.83M |
|
|
ACOR
1699
DELISTED
Acorda Therapeutics
ACOR
| $11M | ﹤0.01% |
4,670
+547
| +13% | +$1.08M |
|
|
ENV
1700
DELISTED
ENVESTNET, INC.
ENV
| $10.9M | ﹤0.01% |
276,047
+160,384
| +139% | +$5.77M |
|
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.