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 | |
|---|---|---|---|---|---|---|
1751
Murphy USA
MUSA
$9.67B
| $9.58M | ﹤0.01% |
129,252
-107,850
| -45% | -$7.54M |
|
1752
Lantheus
LNTH
$6.58B
| $9.57M | ﹤0.01% |
542,010
+229,510
| +73% | +$3.38M |
|
1753
Green Plains
GPRE
$1.04B
| $9.53M | ﹤0.01% |
463,943
+400,361
| +630% | +$9.12M |
|
|
AHT
1754
Ashford Hospitality Trust
AHT
$19.3M
| $9.45M | ﹤0.01% |
1,572
+315
| +25% | +$1.97M |
|
|
CSR
1755
Centerspace
CSR
$972M
| $9.42M | ﹤0.01% |
151,695
+20,383
| +16% | +$1.23M |
|
1756
Petrobras Class A
PBR.A
$126B
| $9.39M | ﹤0.01% |
1,258,403
| – | – |
|
1757
Republic Bancorp
RBCAA
$1.9B
| $9.37M | ﹤0.01% |
262,577
| – | – |
|
|
SEMG
1758
DELISTED
SEMGROUP CORPORATION
SEMG
| $9.36M | ﹤0.01% |
346,770
+87,116
| +34% | +$2.71M |
|
|
NGD
1759
DELISTED
New Gold Inc
NGD
| $9.31M | ﹤0.01% |
2,935,294
-1,465,932
| -33% | -$4.4M |
|
|
LTRPA
1760
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $9.3M | ﹤0.01% |
802,006
-19,471
| -2% | -$253K |
|
|
TRST
1761
Trustco Bank Corp NY
TRST
$1.01B
| $9.26M | ﹤0.01% |
239,052
+77,311
| +48% | +$3M |
|
1762
AngioDynamics
ANGO
$648M
| $9.16M | ﹤0.01% |
565,096
+60,000
| +12% | +$949K |
|
|
NVMI
1763
Nova
NVMI
$10.7B
| $9.12M | ﹤0.01% |
396,606
+10,557
| +3% | +$235K |
|
|
LNW
1764
DELISTED
Light & Wonder
LNW
| $9.12M | ﹤0.01% |
349,261
-453,445
| -56% | -$10.8M |
|
|
LCI
1765
DELISTED
Lannett Company, Inc.
LCI
| $8.98M | ﹤0.01% |
110,105
-52,550
| -32% | -$4.58M |
|
|
TPC
1766
Tutor Perini Cor
TPC
$4.48B
| $8.96M | ﹤0.01% |
311,616
-236,227
| -43% | -$6.71M |
|
1767
WD-40
WDFC
$2.55B
| $8.94M | ﹤0.01% |
81,046
| – | – |
|
1768
ATN International
ATNI
$462M
| $8.94M | ﹤0.01% |
130,654
+29,419
| +29% | +$2M |
|
1769
Tronox
TROX
$699M
| $8.91M | ﹤0.01% |
589,505
+522,221
| +776% | +$8.39M |
|
|
SWIR
1770
DELISTED
Sierra Wireless
SWIR
| $8.87M | ﹤0.01% |
315,553
+74,487
| +31% | +$2.04M |
|
1771
SPX Corp
SPXC
$8.93B
| $8.83M | ﹤0.01% |
351,005
+163,963
| +88% | +$4.09M |
|
1772
BJ's Restaurants
BJRI
$1.28B
| $8.8M | ﹤0.01% |
236,186
-146,534
| -38% | -$6.22M |
|
1773
Virtus Investment Partners
VRTS
$913M
| $8.77M | ﹤0.01% |
79,006
+32,830
| +71% | +$3.48M |
|
1774
CVR Energy
CVI
$5.24B
| $8.75M | ﹤0.01% |
402,088
-145,536
| -27% | -$2.99M |
|
1775
U-Haul Holding Co
UHAL
$12.3B
| $8.73M | ﹤0.01% |
238,580
-190,630
| -44% | -$6.91M |
|
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.