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 | 18.76% |
| 2 | Technology | 15.09% |
| 3 | Healthcare | 13.88% |
| 4 | Consumer Discretionary | 9.67% |
| 5 | Industrials | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Community Bank
CBU
$3.39B
| $6.25M | ﹤0.01% |
112,128
-103,401
| -48% | -$5.72M |
|
1852
Crocs
CROX
$6.63B
| $6.09M | ﹤0.01% |
790,303
+265,494
| +51% | +$1.78M |
|
|
SP
1853
DELISTED
SP Plus Corporation
SP
| $6.09M | ﹤0.01% |
199,345
+119,400
| +149% | +$3.71M |
|
1854
Greenlight Captial
GLRE
$579M
| $6.07M | ﹤0.01% |
290,489
| – | – |
|
1855
TETRA Technologies
TTI
$1.08B
| $6.04M | ﹤0.01% |
2,163,731
-894,737
| -29% | -$2.97M |
|
|
MYCC
1856
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $5.91M | ﹤0.01% |
451,034
+163,023
| +57% | +$2.22M |
|
1857
AMN Healthcare
AMN
$1.35B
| $5.89M | ﹤0.01% |
150,941
-96,212
| -39% | -$3.69M |
|
|
GHL
1858
DELISTED
Greenhill & Co., Inc.
GHL
| $5.89M | ﹤0.01% |
292,965
+47,900
| +20% | +$1.12M |
|
1859
Penske Automotive Group
PAG
$14.7B
| $5.88M | ﹤0.01% |
133,862
-22,306
| -14% | -$983K |
|
|
CUB
1860
DELISTED
Cubic Corporation
CUB
| $5.8M | ﹤0.01% |
125,229
+39,083
| +45% | +$1.88M |
|
1861
Sunrun
RUN
$2.26B
| $5.74M | ﹤0.01% |
806,061
| – | – |
|
1862
Lithia Motors
LAD
$9.75B
| $5.7M | ﹤0.01% |
60,464
+22,330
| +59% | +$2.02M |
|
1863
Advanced Drainage Systems
WMS
$10.6B
| $5.67M | ﹤0.01% |
281,898
-111,195
| -28% | -$2.39M |
|
|
NAV
1864
DELISTED
Navistar International
NAV
| $5.59M | ﹤0.01% |
213,298
-106,849
| -33% | -$2.82M |
|
1865
Atara Biotherapeutics
ATRA
$72.6M
| $5.59M | ﹤0.01% |
15,966
+4,611
| +41% | +$1.78M |
|
1866
The Ensign Group
ENSG
$10.6B
| $5.57M | ﹤0.01% |
273,498
+37,497
| +16% | +$682K |
|
1867
Myers Industries
MYE
$1.24B
| $5.57M | ﹤0.01% |
310,067
| – | – |
|
|
VSI
1868
DELISTED
Vitamin Shoppe Inc.
VSI
| $5.52M | ﹤0.01% |
473,950
-82,469
| -15% | -$1.21M |
|
1869
Tredegar Corp
TG
$260M
| $5.47M | ﹤0.01% |
358,547
| – | – |
|
|
UCB
1870
United Community Banks
UCB
$4.26B
| $5.46M | ﹤0.01% |
196,512
+127,425
| +184% | +$3.45M |
|
1871
TherapeuticsMD
TXMD
$23.8M
| $5.39M | ﹤0.01% |
20,438
-8,196
| -29% | -$2.05M |
|
1872
Gran Tierra Energy
GTE
$236M
| $5.38M | ﹤0.01% |
241,115
| – | – |
|
1873
Stoneridge
SRI
$200M
| $5.38M | ﹤0.01% |
349,073
-74,300
| -18% | -$1.25M |
|
|
LKFT
1874
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.82B
| $5.36M | ﹤0.01% |
+70,000
| New | +$5.89M |
|
|
WIRE
1875
DELISTED
Encore Wire Corp
WIRE
| $5.36M | ﹤0.01% |
125,440
-84,689
| -40% | -$3.64M |
|
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.