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 | |
|---|---|---|---|---|---|---|
|
CWEN.A
1901
DELISTED
Clearway Energy Class A
CWEN.A
| $3.89M | ﹤0.01% |
205,121
| – | – |
|
1902
Red Robin
RRGB
$152M
| $3.87M | ﹤0.01% |
57,681
+25,771
| +81% | +$1.57M |
|
1903
OR Royalties Inc
OR
$6.2B
| $3.85M | ﹤0.01% |
299,251
-413,551
| -58% | -$5.35M |
|
|
ACHN
1904
DELISTED
Achillion Pharmaceuticals
ACHN
| $3.85M | ﹤0.01% |
857,076
+386,784
| +82% | +$1.72M |
|
1905
Tompkins Financial
TMP
$1.42B
| $3.85M | ﹤0.01% |
44,673
-48,113
| -52% | -$3.74M |
|
1906
Precigen
PGEN
$2.59B
| $3.79M | ﹤0.01% |
199,209
-738,688
| -79% | -$15.2M |
|
|
GPMT
1907
Granite Point Mortgage Trust
GPMT
$61.2M
| $3.75M | ﹤0.01% |
200,000
| – | – |
|
1908
Sunrun
RUN
$2.46B
| $3.74M | ﹤0.01% |
673,259
-132,802
| -16% | -$905K |
|
|
SAFE
1909
DELISTED
Safehold Inc.
SAFE
| $3.73M | ﹤0.01% |
200,000
| – | – |
|
1910
TFS Financial
TFSL
$4.93B
| $3.67M | ﹤0.01% |
227,855
-662,160
| -74% | -$10.3M |
|
|
SJI
1911
DELISTED
South Jersey Industries, Inc.
SJI
| $3.64M | ﹤0.01% |
105,463
-375,961
| -78% | -$13M |
|
1912
U-Haul Holding Co
UHAL
$14.6B
| $3.6M | ﹤0.01% |
96,030
-142,550
| -60% | -$5.33M |
|
1913
ProPetro Holding
PUMP
$1.35B
| $3.59M | ﹤0.01% |
250,000
-750,000
| -75% | -$9.42M |
|
|
GCP
1914
DELISTED
GCP Applied Technologies Inc.
GCP
| $3.58M | ﹤0.01% |
116,481
-396,436
| -77% | -$11.9M |
|
|
DESP
1915
DELISTED
Despegar.com
DESP
| $3.52M | ﹤0.01% |
+110,000
| New | +$3.5M |
|
1916
Stock Yards Bancorp
SYBT
$2.6B
| $3.48M | ﹤0.01% |
91,653
-30,364
| -25% | -$1.09M |
|
|
P
1917
DELISTED
Pandora Media Inc
P
| $3.45M | ﹤0.01% |
448,158
-719,093
| -62% | -$6.17M |
|
|
HIBB
1918
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $3.41M | ﹤0.01% |
239,155
-286,228
| -54% | -$4.24M |
|
1919
Cohen & Steers
CNS
$4.3B
| $3.38M | ﹤0.01% |
85,509
+55,435
| +184% | +$2.2M |
|
1920
Tejon Ranch
TRC
$451M
| $3.37M | ﹤0.01% |
164,262
-62,479
| -28% | -$1.25M |
|
1921
AudioCodes
AUDC
$253M
| $3.33M | ﹤0.01% |
467,295
| – | – |
|
|
MOMO
1922
Hello Group
MOMO
$866M
| $3.32M | ﹤0.01% |
+105,841
| New | +$4.2M |
|
1923
Lexicon Pharmaceuticals
LXRX
$1.1B
| $3.27M | ﹤0.01% |
266,463
-844,843
| -76% | -$12.5M |
|
1924
Fossil Group
FOSL
$318M
| $3.27M | ﹤0.01% |
350,937
-89,285
| -20% | -$837K |
|
1925
Digimarc Corp
DMRC
$178M
| $3.19M | ﹤0.01% |
87,071
+15,119
| +21% | +$472K |
|
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.