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 | |
|---|---|---|---|---|---|---|
1826
Innoviva
INVA
$1.49B
| $7.2M | ﹤0.01% |
562,150
-171,353
| -23% | -$2.15M |
|
1827
Quad
QUAD
$520M
| $7.15M | ﹤0.01% |
311,837
| – | – |
|
1828
Barnes & Noble Education
BNED
$381M
| $7.11M | ﹤0.01% |
6,692
+1,695
| +34% | +$1.7M |
|
|
WBT
1829
DELISTED
Welbilt, Inc.
WBT
| $7.11M | ﹤0.01% |
377,364
-525,122
| -58% | -$10.3M |
|
1830
Allegiant Air
ALGT
$2.15B
| $7.04M | ﹤0.01% |
51,931
+1,341
| +3% | +$196K |
|
1831
Canadian Solar
CSIQ
$879M
| $7.04M | ﹤0.01% |
442,182
+28,500
| +7% | +$381K |
|
|
MYOV
1832
DELISTED
Myovant Sciences Ltd.
MYOV
| $7.02M | ﹤0.01% |
600,000
-21,719
| -3% | -$269K |
|
1833
DXP Enterprises
DXPE
$2.9B
| $6.86M | ﹤0.01% |
198,837
| – | – |
|
|
WBMD
1834
DELISTED
WebMD Health Corp.
WBMD
| $6.84M | ﹤0.01% |
116,604
-39,899
| -25% | -$2.22M |
|
|
CRC
1835
DELISTED
California Resources Corporation
CRC
| $6.84M | ﹤0.01% |
799,856
-131,616
| -14% | -$1.55M |
|
1836
Integer Holdings
ITGR
$4.28B
| $6.83M | ﹤0.01% |
157,845
+146,645
| +1,309% | +$5.84M |
|
1837
Griffon
GFF
$4.35B
| $6.8M | ﹤0.01% |
309,949
-27,724
| -8% | -$637K |
|
1838
Weis Markets
WMK
$1.79B
| $6.77M | ﹤0.01% |
138,867
-43,535
| -24% | -$2.4M |
|
|
HOLI
1839
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $6.75M | ﹤0.01% |
406,434
-88,406
| -18% | -$1.44M |
|
1840
Chegg
CHGG
$84.7M
| $6.71M | ﹤0.01% |
546,206
-81,967
| -13% | -$891K |
|
|
UBA
1841
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $6.7M | ﹤0.01% |
338,534
| – | – |
|
|
CRAY
1842
DELISTED
Cray, Inc.
CRAY
| $6.7M | ﹤0.01% |
364,217
-45,600
| -11% | -$840K |
|
1843
Albany International
AIN
$1.71B
| $6.58M | ﹤0.01% |
123,322
-84,179
| -41% | -$4.08M |
|
1844
Under Armour
UAA
$2.16B
| $6.55M | ﹤0.01% |
301,002
+259,870
| +632% | +$5.29M |
|
1845
8x8 Inc
EGHT
$266M
| $6.52M | ﹤0.01% |
448,174
-638,113
| -59% | -$9.05M |
|
1846
RBC Bearings
RBC
$15.2B
| $6.52M | ﹤0.01% |
64,077
-31,994
| -33% | -$3.2M |
|
|
FCB
1847
DELISTED
FCB Financial Holdings, Inc.
FCB
| $6.46M | ﹤0.01% |
135,342
+94,254
| +229% | +$4.46M |
|
|
MAGN
1848
Magnera Corp
MAGN
$417M
| $6.42M | ﹤0.01% |
25,281
+3,515
| +16% | +$895K |
|
1849
New Jersey Resources
NJR
$5.39B
| $6.4M | ﹤0.01% |
161,293
+1,835
| +1% | +$75.3K |
|
|
FOLD
1850
DELISTED
Amicus Therapeutics
FOLD
| $6.3M | ﹤0.01% |
625,365
-147,492
| -19% | -$1.19M |
|
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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.