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 | |
|---|---|---|---|---|---|---|
1801
Ameris Bancorp
ABCB
$5.69B
| $7.99M | ﹤0.01% |
165,830
+121,760
| +276% | +$5.59M |
|
1802
Cleveland-Cliffs
CLF
$6.65B
| $7.97M | ﹤0.01% |
1,151,173
+84,555
| +8% | +$560K |
|
|
COUP
1803
DELISTED
Coupa Software Incorporated
COUP
| $7.95M | ﹤0.01% |
274,145
+236,935
| +637% | +$7.17M |
|
1804
Knowles
KN
$2.96B
| $7.87M | ﹤0.01% |
465,250
+110,277
| +31% | +$1.98M |
|
|
BGC
1805
DELISTED
General Cable Corporation
BGC
| $7.86M | ﹤0.01% |
480,456
-164,625
| -26% | -$2.78M |
|
|
HT
1806
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $7.84M | ﹤0.01% |
423,612
-118,699
| -22% | -$2.23M |
|
1807
Vale
VALE
$62.1B
| $7.81M | ﹤0.01% |
892,857
| – | – |
|
|
ECOL
1808
DELISTED
US Ecology, Inc.
ECOL
| $7.81M | ﹤0.01% |
154,581
-58,492
| -27% | -$2.89M |
|
1809
Super Micro Computer
SMCI
$23.7B
| $7.8M | ﹤0.01% |
3,165,140
| – | – |
|
|
ASRT
1810
DELISTED
Assertio
ASRT
| $7.79M | ﹤0.01% |
12,093
| – | – |
|
|
BKS
1811
DELISTED
Barnes & Noble
BKS
| $7.78M | ﹤0.01% |
1,023,649
-914,071
| -47% | -$7.17M |
|
1812
SEACOR Marine Holdings
SMHI
$257M
| $7.76M | ﹤0.01% |
+381,216
| New | +$7.3M |
|
1813
Aaon
AAON
$6.16B
| $7.75M | ﹤0.01% |
315,285
-95,054
| -23% | -$2.3M |
|
1814
Accuray
ARAY
$28.9M
| $7.75M | ﹤0.01% |
1,630,443
-270,504
| -14% | -$1.19M |
|
1815
Washington Trust Bancorp
WASH
$760M
| $7.67M | ﹤0.01% |
148,892
+17,947
| +14% | +$894K |
|
|
ANH
1816
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $7.6M | ﹤0.01% |
1,265,174
| – | – |
|
|
PRTK
1817
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $7.58M | ﹤0.01% |
314,654
+218,154
| +226% | +$4.82M |
|
|
TPH
1818
DELISTED
Tri Pointe Homes
TPH
| $7.53M | ﹤0.01% |
570,888
+199,100
| +54% | +$2.48M |
|
|
AKS
1819
DELISTED
AK Steel Holding Corp
AKS
| $7.53M | ﹤0.01% |
1,146,002
-3,003,486
| -72% | -$18.8M |
|
|
GHDX
1820
DELISTED
Genomic Health, Inc.
GHDX
| $7.49M | ﹤0.01% |
230,240
+75,572
| +49% | +$2.39M |
|
1821
Biglari Holdings Class B
BH
$1.1B
| $7.37M | ﹤0.01% |
27,655
-9,743
| -26% | -$2.67M |
|
|
GNC
1822
DELISTED
GNC Holdings, Inc.
GNC
| $7.32M | ﹤0.01% |
868,254
+564,187
| +186% | +$4.24M |
|
1823
Tompkins Financial
TMP
$1.41B
| $7.3M | ﹤0.01% |
92,786
| – | – |
|
1824
3D Systems Corp
DDD
$525M
| $7.27M | ﹤0.01% |
388,714
+1,692
| +0.4% | +$32K |
|
|
SYNT
1825
DELISTED
Syntel Inc
SYNT
| $7.25M | ﹤0.01% |
427,462
| – | – |
|
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.