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 | |
|---|---|---|---|---|---|---|
1801
ATN International
ATNI
$492M
| $7.33M | ﹤0.01% |
139,158
+8,504
| +7% | +$508K |
|
|
PMC
1802
DELISTED
PharMerica Corporation
PMC
| $7.23M | ﹤0.01% |
246,745
+78,588
| +47% | +$2.2M |
|
|
NTRI
1803
DELISTED
NutriSystem, Inc.
NTRI
| $7.21M | ﹤0.01% |
+129,030
| New | +$6.99M |
|
|
LKFT
1804
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.77B
| $7.12M | ﹤0.01% |
70,000
| – | – |
|
1805
Cimpress
CMPR
$2.31B
| $7.03M | ﹤0.01% |
72,027
-45,406
| -39% | -$4.22M |
|
|
TRVG
1806
trivago
TRVG
$397M
| $6.95M | ﹤0.01% |
128,160
| – | – |
|
1807
Stoneridge
SRI
$213M
| $6.92M | ﹤0.01% |
349,073
| – | – |
|
|
AZUL
1808
DELISTED
Azul
AZUL
| $6.86M | ﹤0.01% |
+250,000
| New | +$6.4M |
|
1809
ICF International
ICFI
$1.72B
| $6.84M | ﹤0.01% |
126,859
-47,990
| -27% | -$2.27M |
|
1810
ZTO Express
ZTO
$17.9B
| $6.8M | ﹤0.01% |
+484,578
| New | +$6.99M |
|
|
SWIR
1811
DELISTED
Sierra Wireless
SWIR
| $6.78M | ﹤0.01% |
315,553
| – | – |
|
|
AKS
1812
DELISTED
AK Steel Holding Corp
AKS
| $6.7M | ﹤0.01% |
1,198,509
+52,507
| +5% | +$300K |
|
1813
American States Water
AWR
$3.46B
| $6.65M | ﹤0.01% |
135,015
-135,584
| -50% | -$6.69M |
|
|
HEES
1814
DELISTED
H&E Equipment Services
HEES
| $6.65M | ﹤0.01% |
227,656
+40,496
| +22% | +$941K |
|
1815
E.W. Scripps
SSP
$304M
| $6.62M | ﹤0.01% |
346,133
-302,238
| -47% | -$5.54M |
|
1816
Atara Biotherapeutics
ATRA
$76.1M
| $6.61M | ﹤0.01% |
15,966
| – | – |
|
1817
Weibo
WB
$1.95B
| $6.6M | ﹤0.01% |
66,723
+9,541
| +17% | +$841K |
|
|
SP
1818
DELISTED
SP Plus Corporation
SP
| $6.54M | ﹤0.01% |
165,699
-33,646
| -17% | -$1.18M |
|
1819
Knowles
KN
$3.34B
| $6.54M | ﹤0.01% |
428,331
-36,919
| -8% | -$567K |
|
|
CPE
1820
DELISTED
Callon Petroleum Company
CPE
| $6.52M | ﹤0.01% |
58,003
+9,721
| +20% | +$1.03M |
|
1821
Walker & Dunlop
WD
$1.53B
| $6.5M | ﹤0.01% |
+124,107
| New | +$6.05M |
|
|
SPWR
1822
DELISTED
SunPower Corporation Common Stock
SPWR
| $6.48M | ﹤0.01% |
1,358,068
-2,127,479
| -61% | -$12.9M |
|
1823
Autohome
ATHM
$2.62B
| $6.42M | ﹤0.01% |
+106,914
| New | +$6.12M |
|
|
CALD
1824
DELISTED
Callidus Software, Inc.
CALD
| $6.4M | ﹤0.01% |
+259,581
| New | +$6.31M |
|
|
DBD
1825
DELISTED
Diebold Nixdorf Incorporated
DBD
| $6.39M | ﹤0.01% |
279,853
-264,741
| -49% | -$5.64M |
|
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.