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 | |
|---|---|---|---|---|---|---|
|
WMGI
1676
DELISTED
Wright Medical Group Inc
WMGI
| $12.1M | ﹤0.01% |
468,534
+115,338
| +33% | +$3.18M |
|
|
DEL
1677
DELISTED
Deltic Timber
DEL
| $12.1M | ﹤0.01% |
136,618
-146,898
| -52% | -$11.1M |
|
1678
City Holding Co
CHCO
$2.04B
| $12.1M | ﹤0.01% |
167,810
-31,349
| -16% | -$2.03M |
|
1679
Gray Television
GTN
$552M
| $12.1M | ﹤0.01% |
767,752
+31,014
| +4% | +$443K |
|
1680
Algonquin Power & Utilities
AQN
$4.42B
| $12M | ﹤0.01% |
1,141,518
-318,459
| -22% | -$3.38M |
|
1681
LiveRamp
RAMP
$2.3B
| $12M | ﹤0.01% |
487,742
-129,092
| -21% | -$3.17M |
|
|
FFG
1682
DELISTED
FBL Financial Group
FFG
| $12M | ﹤0.01% |
161,220
-10,700
| -6% | -$734K |
|
|
BEST
1683
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $12M | ﹤0.01% |
+50,000
| New | +$11.6M |
|
1684
NovaGold Resources
NG
$3.33B
| $11.9M | ﹤0.01% |
2,909,926
| – | – |
|
1685
Republic Bancorp
RBCAA
$1.95B
| $11.9M | ﹤0.01% |
306,492
+43,915
| +17% | +$1.56M |
|
1686
Dine Brands
DIN
$452M
| $11.9M | ﹤0.01% |
276,232
-217,961
| -44% | -$8.91M |
|
1687
Washington Trust Bancorp
WASH
$741M
| $11.9M | ﹤0.01% |
207,016
+58,124
| +39% | +$3.02M |
|
1688
Coherent
COHR
$74.2B
| $11.8M | ﹤0.01% |
287,098
-3,173
| -1% | -$118K |
|
1689
Brinker International
EAT
$9.66B
| $11.8M | ﹤0.01% |
370,463
-551,001
| -60% | -$18.8M |
|
|
CSOD
1690
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $11.8M | ﹤0.01% |
290,004
-3,308
| -1% | -$122K |
|
|
CAVM
1691
DELISTED
Cavium, Inc.
CAVM
| $11.8M | ﹤0.01% |
178,558
-49,696
| -22% | -$3.15M |
|
|
SEMG
1692
DELISTED
SEMGROUP CORPORATION
SEMG
| $11.7M | ﹤0.01% |
408,138
+61,368
| +18% | +$1.59M |
|
1693
Upbound Group
UPBD
$1.16B
| $11.7M | ﹤0.01% |
1,021,634
+853,631
| +508% | +$10.6M |
|
|
TPC
1694
Tutor Perini Cor
TPC
$5.21B
| $11.7M | ﹤0.01% |
412,315
+100,699
| +32% | +$2.71M |
|
|
PAY
1695
DELISTED
Verifone Systems Inc
PAY
| $11.7M | ﹤0.01% |
575,754
-360,484
| -39% | -$7.03M |
|
1696
WSFS Financial
WSFS
$4.15B
| $11.7M | ﹤0.01% |
239,147
+15,407
| +7% | +$695K |
|
1697
Towne Bank
TOWN
$3.42B
| $11.6M | ﹤0.01% |
345,984
-21,936
| -6% | -$682K |
|
1698
ESCO Technologies
ESE
$7.92B
| $11.4M | ﹤0.01% |
190,785
-81,523
| -30% | -$4.71M |
|
|
MTSC
1699
DELISTED
MTS Systems Corp
MTSC
| $11.3M | ﹤0.01% |
211,885
-78,871
| -27% | -$3.98M |
|
1700
Cheesecake Factory
CAKE
$5.33B
| $11.3M | ﹤0.01% |
268,733
-151,078
| -36% | -$6.73M |
|
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.