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 | |
|---|---|---|---|---|---|---|
|
GIMO
1751
DELISTED
Gigamon Inc.
GIMO
| $9.49M | ﹤0.01% |
225,164
-49,873
| -18% | -$2.04M |
|
|
RDUS
1752
DELISTED
Radius Health, Inc.
RDUS
| $9.49M | ﹤0.01% |
246,050
| – | – |
|
|
AFSI
1753
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $9.47M | ﹤0.01% |
703,445
-395,366
| -36% | -$5.57M |
|
|
ECOL
1754
DELISTED
US Ecology, Inc.
ECOL
| $9.46M | ﹤0.01% |
175,870
+21,289
| +14% | +$1.08M |
|
|
CPN
1755
DELISTED
Calpine Corporation
CPN
| $9.46M | ﹤0.01% |
641,149
-907,695
| -59% | -$13M |
|
|
GTY
1756
Getty Realty Corp
GTY
$2.07B
| $9.36M | ﹤0.01% |
327,258
-18,404
| -5% | -$488K |
|
|
MYOV
1757
DELISTED
Myovant Sciences Ltd.
MYOV
| $9.28M | ﹤0.01% |
600,000
| – | – |
|
1758
Argan
AGX
$8.37B
| $9.27M | ﹤0.01% |
137,877
| – | – |
|
|
GHDX
1759
DELISTED
Genomic Health, Inc.
GHDX
| $9.23M | ﹤0.01% |
287,534
+57,294
| +25% | +$1.81M |
|
1760
Community Health Systems
CYH
$423M
| $9.12M | ﹤0.01% |
1,187,694
-391,832
| -25% | -$3.05M |
|
1761
Myers Industries
MYE
$1.29B
| $9.1M | ﹤0.01% |
434,144
+124,077
| +40% | +$2.28M |
|
1762
Park National Corp
PRK
$3.67B
| $9.08M | ﹤0.01% |
84,091
+1,470
| +2% | +$147K |
|
1763
Alarm.com
ALRM
$2.85B
| $9.07M | ﹤0.01% |
+200,747
| New | +$8.31M |
|
1764
Stride
LRN
$3.43B
| $9M | ﹤0.01% |
504,527
-58,830
| -10% | -$1.04M |
|
1765
HUB Group
HUBG
$2.92B
| $9M | ﹤0.01% |
418,964
-1,397,022
| -77% | -$26.7M |
|
|
MB
1766
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $9M | ﹤0.01% |
348,048
-200,635
| -37% | -$4.97M |
|
|
NPKI
1767
NPK International
NPKI
$1.14B
| $8.99M | ﹤0.01% |
899,310
+224,885
| +33% | +$1.84M |
|
1768
Carpenter Technology
CRS
$28.4B
| $8.99M | ﹤0.01% |
187,091
-616,570
| -77% | -$24.7M |
|
1769
NovoCure
NVCR
$1.91B
| $8.92M | ﹤0.01% |
+449,220
| New | +$8.83M |
|
|
OBE
1770
Obsidian Energy
OBE
$662M
| $8.82M | ﹤0.01% |
1,193,252
-129,683
| -10% | -$960K |
|
|
INSY
1771
DELISTED
Insys Therapeutics, Inc.
INSY
| $8.75M | ﹤0.01% |
985,712
| – | – |
|
|
APRN
1772
DELISTED
Blue Apron Holdings, Inc. Class A Common Stock
APRN
| $8.72M | ﹤0.01% |
8,889
| – | – |
|
|
VSTO
1773
DELISTED
Vista Outdoor Inc.
VSTO
| $8.64M | ﹤0.01% |
376,691
+193,094
| +105% | +$4.34M |
|
|
GNC
1774
DELISTED
GNC Holdings, Inc.
GNC
| $8.63M | ﹤0.01% |
975,994
+107,740
| +12% | +$969K |
|
1775
Papa John's
PZZA
$806M
| $8.59M | ﹤0.01% |
117,501
-29,810
| -20% | -$2.24M |
|
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.