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 | |
|---|---|---|---|---|---|---|
|
P
1726
DELISTED
Pandora Media Inc
P
| $10.4M | ﹤0.01% |
1,167,251
-1,144,496
| -50% | -$11M |
|
|
CBF
1727
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $10.4M | ﹤0.01% |
+272,305
| New | +$10.8M |
|
|
NSM
1728
DELISTED
Nationstar Mortgage Holdings
NSM
| $10.3M | ﹤0.01% |
578,461
+50,000
| +9% | +$847K |
|
1729
Exponent
EXPO
$3.23B
| $10.3M | ﹤0.01% |
354,580
+57,234
| +19% | +$1.71M |
|
|
SNR
1730
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $10.3M | ﹤0.01% |
1,025,582
| – | – |
|
1731
AstraZeneca
AZN
$254B
| $10.3M | ﹤0.01% |
150,386
| – | – |
|
|
ASNA
1732
DELISTED
Ascena Retail Group, Inc.
ASNA
| $10.2M | ﹤0.01% |
237,917
-24,272
| -9% | -$1.4M |
|
1733
Monro
MNRO
$393M
| $10.2M | ﹤0.01% |
244,724
+14,708
| +6% | +$733K |
|
1734
Omnicell
OMCL
$1.49B
| $10.2M | ﹤0.01% |
236,441
-24,733
| -9% | -$1.03M |
|
1735
WSFS Financial
WSFS
$4.12B
| $10.1M | ﹤0.01% |
+223,740
| New | +$10.2M |
|
1736
Evolent Health
EVH
$435M
| $10.1M | ﹤0.01% |
+400,000
| New | +$9.62M |
|
1737
Stride
LRN
$3.46B
| $10.1M | ﹤0.01% |
563,357
+549,039
| +3,835% | +$10.5M |
|
1738
Gray Television
GTN
$496M
| $10.1M | ﹤0.01% |
736,738
+244,847
| +50% | +$3.3M |
|
1739
Resources Connection
RGP
$145M
| $10M | ﹤0.01% |
733,107
| – | – |
|
1740
Koppers
KOP
$873M
| $10M | ﹤0.01% |
276,505
+54,218
| +24% | +$2.09M |
|
1741
Coherent
COHR
$53B
| $9.96M | ﹤0.01% |
290,271
-69,091
| -19% | -$2.24M |
|
|
BFS
1742
Saul Centers
BFS
$761M
| $9.85M | ﹤0.01% |
169,811
| – | – |
|
|
AXON
1743
Axon Enterprise
AXON
$36.5B
| $9.84M | ﹤0.01% |
391,520
-218,220
| -36% | -$5.34M |
|
1744
Simmons First National
SFNC
$3.35B
| $9.83M | ﹤0.01% |
371,748
-93,070
| -20% | -$2.46M |
|
|
XLRN
1745
DELISTED
Acceleron Pharma
XLRN
| $9.8M | ﹤0.01% |
322,652
| – | – |
|
|
NXTM
1746
DELISTED
NxStage Medical Inc.
NXTM
| $9.73M | ﹤0.01% |
388,312
+17,844
| +5% | +$442K |
|
|
WIN
1747
DELISTED
Windstream Holdings Inc
WIN
| $9.73M | ﹤0.01% |
501,722
-71,772
| -13% | -$1.74M |
|
|
FOE
1748
DELISTED
Ferro Corporation
FOE
| $9.73M | ﹤0.01% |
531,803
+486,403
| +1,071% | +$8.33M |
|
|
WMGI
1749
DELISTED
Wright Medical Group Inc
WMGI
| $9.71M | ﹤0.01% |
353,196
-53,881
| -13% | -$1.52M |
|
1750
Artisan Partners
APAM
$2.62B
| $9.67M | ﹤0.01% |
315,000
-283,321
| -47% | -$8.14M |
|
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.