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 | |
|---|---|---|---|---|---|---|
|
MAGN
1876
Magnera Corp
MAGN
$460M
| $4.6M | ﹤0.01% |
18,185
-7,096
| -28% | -$1.69M |
|
|
CJ
1877
DELISTED
C&J Energy Services, Inc.
CJ
| $4.6M | ﹤0.01% |
+153,394
| New | +$4.55M |
|
1878
Sabesp
SBS
$18.7B
| $4.58M | ﹤0.01% |
2,255,515
| – | – |
|
1879
Tenet Healthcare
THC
$21.1B
| $4.54M | ﹤0.01% |
276,583
-1,129,150
| -80% | -$19.1M |
|
|
ONC
1880
BeOne Medicines Ltd
ONC
$39.4B
| $4.47M | ﹤0.01% |
+43,233
| New | +$3.22M |
|
1881
National Beverage
FIZZ
$3.01B
| $4.41M | ﹤0.01% |
+71,126
| New | +$3.95M |
|
|
ITCI
1882
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $4.4M | ﹤0.01% |
279,070
+110,000
| +65% | +$1.61M |
|
1883
Weis Markets
WMK
$1.86B
| $4.38M | ﹤0.01% |
100,711
-38,156
| -27% | -$1.73M |
|
1884
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
| $4.37M | ﹤0.01% |
490,133
| – | – |
|
|
EGRX
1885
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $4.34M | ﹤0.01% |
72,713
-64,364
| -47% | -$3.89M |
|
|
EVRI
1886
DELISTED
Everi Holdings
EVRI
| $4.33M | ﹤0.01% |
570,649
+489,798
| +606% | +$3.68M |
|
|
PDLI
1887
DELISTED
PDL BioPharma, Inc.
PDLI
| $4.3M | ﹤0.01% |
1,268,659
-358,416
| -22% | -$997K |
|
1888
New Jersey Resources
NJR
$5.58B
| $4.28M | ﹤0.01% |
101,532
-59,761
| -37% | -$2.53M |
|
1889
AAR Corp
AIR
$5.76B
| $4.25M | ﹤0.01% |
112,561
+41,509
| +58% | +$1.5M |
|
|
ASRT
1890
DELISTED
Assertio
ASRT
| $4.2M | ﹤0.01% |
12,093
| – | – |
|
1891
Barnes & Noble Education
BNED
$443M
| $4.17M | ﹤0.01% |
6,410
-282
| -4% | -$199K |
|
|
BGC
1892
DELISTED
General Cable Corporation
BGC
| $4.16M | ﹤0.01% |
220,862
-259,594
| -54% | -$4.65M |
|
1893
Surgery Partners
SGRY
$2.03B
| $4.14M | ﹤0.01% |
400,357
+321,053
| +405% | +$4.59M |
|
|
PR
1894
Permian Resources
PR
$16.9B
| $4.06M | ﹤0.01% |
225,718
| – | – |
|
1895
Sony
SONY
$138B
| $4.02M | ﹤0.01% |
538,250
| – | – |
|
|
RPXC
1896
DELISTED
RPX Corporation
RPXC
| $4.02M | ﹤0.01% |
302,407
+51,600
| +21% | +$677K |
|
1897
Genesco
GCO
$422M
| $3.97M | ﹤0.01% |
149,139
-331,796
| -69% | -$9.38M |
|
|
TRTX
1898
TPG RE Finance Trust
TRTX
$618M
| $3.95M | ﹤0.01% |
+200,000
| New | +$3.96M |
|
1899
Mercer International
MERC
$39.8M
| $3.94M | ﹤0.01% |
332,729
| – | – |
|
1900
Accuray
ARAY
$34M
| $3.9M | ﹤0.01% |
975,891
-654,552
| -40% | -$2.81M |
|
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.