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 | |
|---|---|---|---|---|---|---|
1851
Installed Building Products
IBP
$6.49B
| $5.52M | ﹤0.01% |
+85,220
| New | +$4.78M |
|
|
AD
1852
Array Digital Infrastructure
AD
$3.05B
| $5.48M | ﹤0.01% |
154,809
+37,863
| +32% | +$1.43M |
|
1853
Granite Construction
GVA
$5.62B
| $5.42M | ﹤0.01% |
93,492
+71,581
| +327% | +$3.77M |
|
1854
TherapeuticsMD
TXMD
$24M
| $5.41M | ﹤0.01% |
20,438
| – | – |
|
|
TPCO
1855
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $5.4M | ﹤0.01% |
371,725
| – | – |
|
1856
Huazhu Hotels Group
HTHT
$13B
| $5.32M | ﹤0.01% |
+179,000
| New | +$4.64M |
|
1857
WD-40
WDFC
$3.15B
| $5.31M | ﹤0.01% |
47,426
-33,620
| -41% | -$3.63M |
|
1858
Beazer Homes USA
BZH
$907M
| $5.25M | ﹤0.01% |
280,296
+200,360
| +251% | +$3.05M |
|
1859
Alamos Gold
AGI
$13.9B
| $5.24M | ﹤0.01% |
777,083
-782,140
| -50% | -$5.76M |
|
1860
Tredegar Corp
TG
$310M
| $5.15M | ﹤0.01% |
286,194
-72,353
| -20% | -$1.17M |
|
1861
Nutanix
NTNX
$16.9B
| $5.15M | ﹤0.01% |
+229,990
| New | +$5.03M |
|
1862
Apogee Enterprises
APOG
$908M
| $5.12M | ﹤0.01% |
106,130
-185,084
| -64% | -$9.09M |
|
1863
Alamo Group
ALG
$2.05B
| $5.08M | ﹤0.01% |
47,270
| – | – |
|
|
GRUB
1864
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $5.04M | ﹤0.01% |
47,883
-45,490
| -49% | -$4.66M |
|
1865
Ituran Location and Control
ITRN
$1.05B
| $5.03M | ﹤0.01% |
139,470
| – | – |
|
1866
Alaunos Therapeutics
TCRT
$4.86M
| $5.03M | ﹤0.01% |
5,459
| – | – |
|
1867
Global Net Lease
GNL
$1.95B
| $5.02M | ﹤0.01% |
+229,318
| New | +$4.97M |
|
|
LORL
1868
DELISTED
Loral Space and Communications, Inc.
LORL
| $5.01M | ﹤0.01% |
101,288
+90,737
| +860% | +$4.08M |
|
1869
Griffon
GFF
$4.86B
| $5.01M | ﹤0.01% |
225,697
-84,252
| -27% | -$1.69M |
|
1870
Resources Connection
RGP
$145M
| $5M | ﹤0.01% |
360,072
-373,035
| -51% | -$4.87M |
|
1871
National CineMedia
NCMI
$378M
| $4.98M | ﹤0.01% |
71,373
-98,366
| -58% | -$6.35M |
|
1872
Green Plains
GPRE
$1.03B
| $4.97M | ﹤0.01% |
246,444
-217,499
| -47% | -$4.15M |
|
|
NSM
1873
DELISTED
Nationstar Mortgage Holdings
NSM
| $4.84M | ﹤0.01% |
260,469
-317,992
| -55% | -$5.55M |
|
|
WOW
1874
DELISTED
WideOpenWest
WOW
| $4.74M | ﹤0.01% |
314,285
-700,000
| -69% | -$11.4M |
|
|
CRAY
1875
DELISTED
Cray, Inc.
CRAY
| $4.67M | ﹤0.01% |
240,252
-123,965
| -34% | -$2.35M |
|
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.