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 | |
|---|---|---|---|---|---|---|
1901
Tejon Ranch
TRC
$460M
| $4.54M | ﹤0.01% |
226,741
+6,901
| +3% | +$145K |
|
1902
Cal-Maine
CALM
$4.43B
| $4.51M | ﹤0.01% |
113,989
| – | – |
|
1903
Red Rock Resorts
RRR
$3.84B
| $4.48M | ﹤0.01% |
190,364
| – | – |
|
|
AD
1904
Array Digital Infrastructure
AD
$3.04B
| $4.48M | ﹤0.01% |
116,946
+12,350
| +12% | +$478K |
|
|
HK
1905
DELISTED
Halcon Resources Corporation
HK
| $4.47M | ﹤0.01% |
984,402
+761,969
| +343% | +$4.77M |
|
1906
Ambarella
AMBA
$3.04B
| $4.46M | ﹤0.01% |
91,807
+46,085
| +101% | +$2.55M |
|
1907
Helix Energy Solutions
HLX
$1.34B
| $4.45M | ﹤0.01% |
788,904
-1,113,313
| -59% | -$6.73M |
|
|
PMC
1908
DELISTED
PharMerica Corporation
PMC
| $4.41M | ﹤0.01% |
168,157
| – | – |
|
1909
Ituran Location and Control
ITRN
$1.08B
| $4.37M | ﹤0.01% |
139,470
+91,736
| +192% | +$2.89M |
|
1910
Atkore
ATKR
$2.41B
| $4.32M | ﹤0.01% |
191,648
-91,688
| -32% | -$2.16M |
|
|
HTO
1911
H2O America
HTO
$2.67B
| $4.29M | ﹤0.01% |
87,305
+13,500
| +18% | +$668K |
|
1912
Alamo Group
ALG
$1.91B
| $4.29M | ﹤0.01% |
47,270
+13,851
| +41% | +$1.15M |
|
1913
Sabesp
SBS
$18.4B
| $4.16M | ﹤0.01% |
2,255,515
| – | – |
|
|
VSTO
1914
DELISTED
Vista Outdoor Inc.
VSTO
| $4.13M | ﹤0.01% |
183,597
-1,308,707
| -88% | -$27.6M |
|
1915
Sony
SONY
$137B
| $4.11M | ﹤0.01% |
538,250
| – | – |
|
1916
Banco Bilbao Vizcaya Argentaria
BBVA
$142B
| $4.1M | ﹤0.01% |
490,133
+8,911
| +2% | +$72K |
|
|
NEX
1917
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $4.07M | ﹤0.01% |
254,292
-140,724
| -36% | -$2.07M |
|
1918
Shutterstock
SSTK
$209M
| $4.03M | ﹤0.01% |
91,524
-331,341
| -78% | -$14.7M |
|
|
PDLI
1919
DELISTED
PDL BioPharma, Inc.
PDLI
| $4.02M | ﹤0.01% |
1,627,075
-315,000
| -16% | -$725K |
|
1920
Tootsie Roll Industries
TR
$2.97B
| $3.85M | ﹤0.01% |
144,180
| – | – |
|
|
SAFE
1921
DELISTED
Safehold Inc.
SAFE
| $3.83M | ﹤0.01% |
+200,000
| New | +$3.84M |
|
1922
Mercer International
MERC
$40.5M
| $3.83M | ﹤0.01% |
332,729
| – | – |
|
|
HEES
1923
DELISTED
H&E Equipment Services
HEES
| $3.82M | ﹤0.01% |
187,160
-145,767
| -44% | -$3.06M |
|
1924
Weibo
WB
$1.97B
| $3.8M | ﹤0.01% |
+57,182
| New | +$3.71M |
|
1925
Hyatt Hotels
H
$17.5B
| $3.8M | ﹤0.01% |
67,531
+42,403
| +169% | +$2.4M |
|
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.