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 | |
|---|---|---|---|---|---|---|
1826
Biglari Holdings Class B
BH
$1.21B
| $6.39M | ﹤0.01% |
28,763
+1,107
| +4% | +$251K |
|
1827
Penske Automotive Group
PAG
$14.2B
| $6.37M | ﹤0.01% |
133,862
| – | – |
|
|
MINI
1828
DELISTED
Mobile Mini Inc
MINI
| $6.36M | ﹤0.01% |
184,633
+76,708
| +71% | +$2.35M |
|
|
CBM
1829
DELISTED
Cambrex Corporation
CBM
| $6.35M | ﹤0.01% |
+115,480
| New | +$6.36M |
|
|
HTO
1830
H2O America
HTO
$2.62B
| $6.32M | ﹤0.01% |
111,709
+24,404
| +28% | +$1.31M |
|
|
PDS
1831
Precision Drilling
PDS
$974M
| $6.3M | ﹤0.01% |
101,552
+69,479
| +217% | +$4.03M |
|
1832
DXP Enterprises
DXPE
$2.98B
| $6.26M | ﹤0.01% |
198,837
| – | – |
|
|
RATE
1833
DELISTED
Bankrate Inc
RATE
| $6.21M | ﹤0.01% |
445,129
-1,141,050
| -72% | -$15.8M |
|
1834
Albany International
AIN
$1.78B
| $6.2M | ﹤0.01% |
107,963
-15,359
| -12% | -$822K |
|
1835
Lantheus
LNTH
$6.59B
| $6.15M | ﹤0.01% |
345,321
-196,689
| -36% | -$3.46M |
|
1836
Planet Fitness
PLNT
$3.78B
| $6.14M | ﹤0.01% |
+227,588
| New | +$5.53M |
|
1837
Sturm, Ruger & Co
RGR
$593M
| $6.13M | ﹤0.01% |
118,611
-115,619
| -49% | -$6.1M |
|
|
WAIR
1838
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $6.05M | ﹤0.01% |
643,785
-665,169
| -51% | -$6.26M |
|
|
JOYY
1839
JOYY Inc
JOYY
$3.75B
| $6.03M | ﹤0.01% |
+69,464
| New | +$5.05M |
|
1840
WEX
WEX
$6.31B
| $6.02M | ﹤0.01% |
53,645
-47,584
| -47% | -$5.16M |
|
1841
PRA Group
PRAA
$755M
| $6.01M | ﹤0.01% |
209,884
-247,004
| -54% | -$8.25M |
|
1842
Atkore
ATKR
$3.16B
| $5.98M | ﹤0.01% |
306,392
+114,744
| +60% | +$2.2M |
|
1843
Gogo Inc
GOGO
$493M
| $5.93M | ﹤0.01% |
502,092
+425,315
| +554% | +$5.43M |
|
1844
B&G Foods
BGS
$286M
| $5.91M | ﹤0.01% |
185,641
-235,342
| -56% | -$7.73M |
|
|
FNGN
1845
DELISTED
Financial Engines, Inc.
FNGN
| $5.89M | ﹤0.01% |
169,425
-127,267
| -43% | -$4.43M |
|
|
TRTN
1846
DELISTED
Triton International Limited
TRTN
| $5.86M | ﹤0.01% |
176,061
+97,828
| +125% | +$3.37M |
|
1847
Aaon
AAON
$7.77B
| $5.85M | ﹤0.01% |
254,411
-60,874
| -19% | -$1.38M |
|
|
KRA
1848
DELISTED
Kraton Corporation
KRA
| $5.67M | ﹤0.01% |
140,287
-257,269
| -65% | -$8.89M |
|
|
WIRE
1849
DELISTED
Encore Wire Corp
WIRE
| $5.64M | ﹤0.01% |
126,041
+601
| +0.5% | +$25.3K |
|
1850
Columbus McKinnon
CMCO
$584M
| $5.54M | ﹤0.01% |
146,288
| – | – |
|
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.