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 | |
|---|---|---|---|---|---|---|
|
EBIX
1876
DELISTED
Ebix Inc
EBIX
| $5.35M | ﹤0.01% |
99,193
-11,677
| -11% | -$673K |
|
|
PRO
1877
DELISTED
PROS Holdings
PRO
| $5.34M | ﹤0.01% |
194,969
-69,910
| -26% | -$1.83M |
|
1878
Atlantic Union Bankshares
AUB
$5.67B
| $5.24M | ﹤0.01% |
+154,610
| New | +$5.27M |
|
|
CPE
1879
DELISTED
Callon Petroleum Company
CPE
| $5.12M | ﹤0.01% |
48,282
-20,331
| -30% | -$2.38M |
|
1880
Alaunos Therapeutics
TCRT
$3.84M
| $5.09M | ﹤0.01% |
5,459
-1,465
| -21% | -$1.44M |
|
|
ALJ
1881
DELISTED
Alon USA Energy Inc
ALJ
| $5.08M | ﹤0.01% |
+381,365
| New | +$4.74M |
|
|
FPRX
1882
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $5.03M | ﹤0.01% |
166,902
-52,139
| -24% | -$1.63M |
|
|
CDR
1883
DELISTED
Cedar Realty Trust, Inc
CDR
| $5.02M | ﹤0.01% |
156,954
| – | – |
|
|
NPKI
1884
NPK International
NPKI
$1.13B
| $4.96M | ﹤0.01% |
674,425
+29,212
| +5% | +$223K |
|
1885
Marcus & Millichap
MMI
$1.18B
| $4.95M | ﹤0.01% |
187,815
+9,752
| +5% | +$245K |
|
1886
Ethan Allen Interiors
ETD
$553M
| $4.95M | ﹤0.01% |
153,176
-101,195
| -40% | -$2.98M |
|
1887
Sonic Automotive
SAH
$2.4B
| $4.95M | ﹤0.01% |
254,376
-25,358
| -9% | -$483K |
|
|
JAG
1888
DELISTED
Jagged Peak Energy Inc.
JAG
| $4.9M | ﹤0.01% |
367,336
-663,165
| -64% | -$8.36M |
|
|
SAVE
1889
DELISTED
Spirit Airlines, Inc.
SAVE
| $4.85M | ﹤0.01% |
93,905
-109,469
| -54% | -$5.99M |
|
|
SHLD
1890
DELISTED
Sears Holding Corporation
SHLD
| $4.82M | ﹤0.01% |
543,533
| – | – |
|
|
EPE
1891
DELISTED
EP Energy Corporation
EPE
| $4.79M | ﹤0.01% |
1,309,582
+484,866
| +59% | +$2.12M |
|
|
TPCO
1892
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $4.79M | ﹤0.01% |
371,725
+175,681
| +90% | +$2.27M |
|
|
CCC
1893
DELISTED
Calgon Carbon Corp
CCC
| $4.78M | ﹤0.01% |
316,590
-320,061
| -50% | -$4.56M |
|
1894
Stock Yards Bancorp
SYBT
$2.48B
| $4.75M | ﹤0.01% |
122,017
| – | – |
|
1895
Modine Manufacturing
MOD
$10.1B
| $4.67M | ﹤0.01% |
281,973
| – | – |
|
|
TRK
1896
DELISTED
Speedway Motorsports, Inc.
TRK
| $4.67M | ﹤0.01% |
255,349
+10,000
| +4% | +$182K |
|
|
STMP
1897
DELISTED
Stamps.com, Inc.
STMP
| $4.65M | ﹤0.01% |
30,041
-3,861
| -11% | -$486K |
|
|
FTR
1898
DELISTED
Frontier Communications Corp.
FTR
| $4.64M | ﹤0.01% |
266,667
-490,140
| -65% | -$11.2M |
|
|
OME
1899
DELISTED
Omega Protein
OME
| $4.6M | ﹤0.01% |
256,895
+10,000
| +4% | +$187K |
|
1900
Fossil Group
FOSL
$294M
| $4.56M | ﹤0.01% |
440,222
| – | – |
|
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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.