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 | |
|---|---|---|---|---|---|---|
|
WUBA
1701
DELISTED
58.com Inc
WUBA
| $11.3M | ﹤0.01% |
+179,165
| New | +$10.2M |
|
|
EGL
1702
DELISTED
Engility Holdings, Inc.
EGL
| $11.3M | ﹤0.01% |
326,084
-101,680
| -24% | -$3.09M |
|
|
SNR
1703
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $11.3M | ﹤0.01% |
1,232,517
+206,935
| +20% | +$1.99M |
|
1704
Fortinet
FTNT
$117B
| $11.2M | ﹤0.01% |
1,566,335
-5,489,985
| -78% | -$41.7M |
|
|
CBPX
1705
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $11.2M | ﹤0.01% |
429,245
-116,365
| -21% | -$2.69M |
|
1706
Golar LNG
GLNG
$5.13B
| $11.1M | ﹤0.01% |
490,884
| – | – |
|
1707
Ameris Bancorp
ABCB
$5.89B
| $11M | ﹤0.01% |
228,254
+62,424
| +38% | +$2.83M |
|
1708
Tractor Supply
TSCO
$18B
| $10.9M | ﹤0.01% |
859,995
-1,222,170
| -59% | -$13.9M |
|
|
NGD
1709
DELISTED
New Gold Inc
NGD
| $10.9M | ﹤0.01% |
2,935,294
| – | – |
|
1710
Liberty Media Series C
FWONK
$25.8B
| $10.8M | ﹤0.01% |
294,513
| – | – |
|
|
NRE
1711
DELISTED
NorthStar Realty Europe Corp.
NRE
| $10.8M | ﹤0.01% |
844,665
| – | – |
|
1712
REX American Resources
REX
$1.41B
| $10.8M | ﹤0.01% |
688,524
| – | – |
|
1713
MiMedx Group
MDXG
$633M
| $10.8M | ﹤0.01% |
+905,633
| New | +$13.4M |
|
1714
Gran Tierra Energy
GTE
$317M
| $10.7M | ﹤0.01% |
470,211
+229,096
| +95% | +$5.04M |
|
|
NEWR
1715
DELISTED
New Relic, Inc.
NEWR
| $10.6M | ﹤0.01% |
+213,649
| New | +$10.1M |
|
|
NVMI
1716
Nova
NVMI
$12.5B
| $10.5M | ﹤0.01% |
393,461
-3,145
| -0.8% | -$76.5K |
|
1717
Werner Enterprises
WERN
$2.25B
| $10.5M | ﹤0.01% |
287,574
+219,180
| +320% | +$6.96M |
|
1718
Movado Group
MOV
$841M
| $10.5M | ﹤0.01% |
375,185
-57,038
| -13% | -$1.45M |
|
|
BFS
1719
Saul Centers
BFS
$841M
| $10.5M | ﹤0.01% |
168,820
-991
| -0.6% | -$59.8K |
|
|
TERP
1720
DELISTED
TerraForm Power, Inc
TERP
| $10.4M | ﹤0.01% |
+789,384
| New | +$10.3M |
|
1721
CVR Energy
CVI
$3.13B
| $10.4M | ﹤0.01% |
402,088
| – | – |
|
|
STFC
1722
DELISTED
State Auto Financial Corp
STFC
| $10.4M | ﹤0.01% |
396,893
+71,929
| +22% | +$1.79M |
|
|
KL
1723
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $10.4M | ﹤0.01% |
+808,134
| New | +$10.2M |
|
1724
The Ensign Group
ENSG
$10.7B
| $10.4M | ﹤0.01% |
491,200
+217,702
| +80% | +$4.28M |
|
1725
Red Rock Resorts
RRR
$3.62B
| $10.3M | ﹤0.01% |
446,306
+255,942
| +134% | +$5.91M |
|
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.