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 | |
|---|---|---|---|---|---|---|
1726
Lithia Motors
LAD
$8.26B
| $10.3M | ﹤0.01% |
85,779
+25,315
| +42% | +$2.65M |
|
1727
Community Bank
CBU
$3.41B
| $10.3M | ﹤0.01% |
186,694
+74,566
| +67% | +$3.99M |
|
1728
SPX Corp
SPXC
$10.8B
| $10.3M | ﹤0.01% |
351,005
| – | – |
|
1729
Marcus & Millichap
MMI
$1.19B
| $10.2M | ﹤0.01% |
378,781
+190,966
| +102% | +$4.97M |
|
1730
AstraZeneca
AZN
$250B
| $10.2M | ﹤0.01% |
150,386
| – | – |
|
|
QCP
1731
DELISTED
Quality Care Properties, Inc.
QCP
| $10.2M | ﹤0.01% |
656,761
-806,675
| -55% | -$12.8M |
|
1732
Innospec
IOSP
$2.28B
| $10.2M | ﹤0.01% |
165,063
-164,394
| -50% | -$9.85M |
|
1733
Tenaris
TS
$26.8B
| $10.1M | ﹤0.01% |
357,005
| – | – |
|
|
DNR
1734
DELISTED
Denbury Resources, Inc.
DNR
| $10.1M | ﹤0.01% |
7,538,888
-657,894
| -8% | -$857K |
|
1735
NBT Bancorp
NBTB
$2.74B
| $9.99M | ﹤0.01% |
272,159
-309,011
| -53% | -$10.8M |
|
|
JBTM
1736
JBT Marel
JBTM
$6.39B
| $9.93M | ﹤0.01% |
98,247
-20,680
| -17% | -$1.91M |
|
1737
Chegg
CHGG
$102M
| $9.89M | ﹤0.01% |
666,206
+120,000
| +22% | +$1.71M |
|
1738
MakeMyTrip
MMYT
$5.64B
| $9.81M | ﹤0.01% |
+341,332
| New | +$10.9M |
|
1739
Monro
MNRO
$398M
| $9.81M | ﹤0.01% |
174,984
-69,740
| -28% | -$3.28M |
|
1740
Akebia Therapeutics
AKBA
$252M
| $9.76M | ﹤0.01% |
496,406
+396,406
| +396% | +$6.09M |
|
1741
CTS Corp
CTS
$1.89B
| $9.73M | ﹤0.01% |
403,599
| – | – |
|
|
FPRX
1742
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $9.72M | ﹤0.01% |
237,700
+70,798
| +42% | +$2.22M |
|
1743
Simmons First National
SFNC
$3.39B
| $9.66M | ﹤0.01% |
333,860
-37,888
| -10% | -$1.01M |
|
1744
AngioDynamics
ANGO
$649M
| $9.66M | ﹤0.01% |
565,096
| – | – |
|
|
CKH
1745
DELISTED
Seacor Holdings Inc.
CKH
| $9.57M | ﹤0.01% |
214,644
-254,734
| -54% | -$9.32M |
|
|
OCLR
1746
DELISTED
Oclaro Inc.
OCLR
| $9.56M | ﹤0.01% |
1,107,811
-380,730
| -26% | -$3.43M |
|
1747
RBC Bearings
RBC
$18B
| $9.53M | ﹤0.01% |
76,136
+12,059
| +19% | +$1.31M |
|
1748
Etsy
ETSY
$7.85B
| $9.51M | ﹤0.01% |
+563,303
| New | +$8.89M |
|
|
HT
1749
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $9.5M | ﹤0.01% |
508,964
+85,352
| +20% | +$1.57M |
|
1750
Ollie's Bargain Outlet
OLLI
$4.94B
| $9.5M | ﹤0.01% |
204,718
+145,623
| +246% | +$6.43M |
|
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.