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 | |
|---|---|---|---|---|---|---|
1701
Golar LNG
GLNG
$5.14B
| $10.9M | ﹤0.01% |
490,884
-410,734
| -46% | -$10.3M |
|
1702
Enpro
NPO
$6B
| $10.9M | ﹤0.01% |
152,943
-21,613
| -12% | -$1.5M |
|
1703
Movado Group
MOV
$733M
| $10.9M | ﹤0.01% |
432,223
| – | – |
|
|
HIBB
1704
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $10.9M | ﹤0.01% |
525,383
+59,370
| +13% | +$1.46M |
|
1705
BlackBerry
BB
$4.57B
| $10.9M | ﹤0.01% |
1,091,947
-2,472,087
| -69% | -$24.3M |
|
|
FNGN
1706
DELISTED
Financial Engines, Inc.
FNGN
| $10.9M | ﹤0.01% |
296,692
-364,995
| -55% | -$14.5M |
|
|
GIMO
1707
DELISTED
Gigamon Inc.
GIMO
| $10.8M | ﹤0.01% |
275,037
+17,901
| +7% | +$675K |
|
|
EGRX
1708
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $10.8M | ﹤0.01% |
137,077
+21,463
| +19% | +$1.76M |
|
|
NRE
1709
DELISTED
NorthStar Realty Europe Corp.
NRE
| $10.7M | ﹤0.01% |
844,665
+251,967
| +43% | +$3.04M |
|
1710
First Financial Bankshares
FFIN
$4.82B
| $10.7M | ﹤0.01% |
484,066
-151,098
| -24% | -$3.03M |
|
1711
Encore Capital Group
ECPG
$2.1B
| $10.7M | ﹤0.01% |
265,253
-120,908
| -31% | -$4.34M |
|
|
AEGN
1712
DELISTED
Aegion Corp
AEGN
| $10.6M | ﹤0.01% |
485,880
-370,146
| -43% | -$7.81M |
|
|
ORIT
1713
DELISTED
Oritani Financial Corp. New
ORIT
| $10.6M | ﹤0.01% |
621,944
-125,265
| -17% | -$2.12M |
|
1714
Zurn Elkay Water Solutions
ZWS
$7.66B
| $10.6M | ﹤0.01% |
946,122
-26,926
| -3% | -$302K |
|
1715
Korn Ferry
KFY
$4.25B
| $10.6M | ﹤0.01% |
306,765
+154,350
| +101% | +$5.01M |
|
1716
Insmed
INSM
$26.2B
| $10.6M | ﹤0.01% |
616,674
+200,448
| +48% | +$3.42M |
|
|
FRAN
1717
DELISTED
Francesca's Holdings Corporation
FRAN
| $10.6M | ﹤0.01% |
80,579
| – | – |
|
|
AAV
1718
DELISTED
Advantage Oil & Gas Ltd
AAV
| $10.6M | ﹤0.01% |
1,566,325
+481,833
| +44% | +$3.08M |
|
|
FFG
1719
DELISTED
FBL Financial Group
FFG
| $10.6M | ﹤0.01% |
171,920
-2,000
| -1% | -$128K |
|
1720
Papa John's
PZZA
$682M
| $10.6M | ﹤0.01% |
147,311
-62,060
| -30% | -$4.91M |
|
1721
Helios Technologies
HLIO
$2.19B
| $10.6M | ﹤0.01% |
247,605
+80,000
| +48% | +$3.22M |
|
1722
WEX
WEX
$6.82B
| $10.6M | ﹤0.01% |
101,229
-184,942
| -65% | -$19M |
|
|
CSOD
1723
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $10.5M | ﹤0.01% |
293,312
+125,000
| +74% | +$4.68M |
|
1724
Liberty Media Series C
FWONK
$23.8B
| $10.4M | ﹤0.01% |
294,513
+109,791
| +59% | +$3.64M |
|
|
ONCE
1725
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $10.4M | ﹤0.01% |
174,401
-25,318
| -13% | -$1.41M |
|
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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.