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 | |
|---|---|---|---|---|---|---|
|
GPMT
1926
Granite Point Mortgage Trust
GPMT
$63.7M
| $3.78M | ﹤0.01% |
+200,000
| New | +$3.79M |
|
|
CBB
1927
DELISTED
Cincinnati Bell Inc.
CBB
| $3.75M | ﹤0.01% |
+192,045
| New | +$3.44M |
|
1928
Columbus McKinnon
CMCO
$422M
| $3.72M | ﹤0.01% |
146,288
| – | – |
|
1929
Park Aerospace
PKE
$720M
| $3.68M | ﹤0.01% |
199,980
| – | – |
|
1930
Kinsale Capital Group
KNSL
$8.58B
| $3.67M | ﹤0.01% |
98,333
+65,000
| +195% | +$2.28M |
|
1931
Vera Bradley
VRA
$98.7M
| $3.65M | ﹤0.01% |
372,989
-447,245
| -55% | -$3.91M |
|
1932
Team
TISI
$80.6M
| $3.6M | ﹤0.01% |
15,349
| – | – |
|
|
PR
1933
Permian Resources
PR
$17.4B
| $3.57M | ﹤0.01% |
+225,718
| New | +$3.71M |
|
|
CWEN.A
1934
DELISTED
Clearway Energy Class A
CWEN.A
| $3.5M | ﹤0.01% |
205,121
| – | – |
|
|
RPXC
1935
DELISTED
RPX Corporation
RPXC
| $3.5M | ﹤0.01% |
250,807
+146,180
| +140% | +$1.94M |
|
1936
Daktronics
DAKT
$946M
| $3.44M | ﹤0.01% |
357,224
-30,000
| -8% | -$283K |
|
|
ATCO
1937
DELISTED
Atlas Corp.
ATCO
| $3.42M | ﹤0.01% |
478,972
+307,281
| +179% | +$1.91M |
|
1938
Matrix Service
MTRX
$312M
| $3.41M | ﹤0.01% |
364,832
-69,002
| -16% | -$775K |
|
|
AYR
1939
DELISTED
Aircastle Ltd
AYR
| $3.39M | ﹤0.01% |
155,818
-52,100
| -25% | -$1.17M |
|
|
PRTY
1940
DELISTED
Party City Holdco Inc.
PRTY
| $3.33M | ﹤0.01% |
213,128
-176,625
| -45% | -$2.72M |
|
1941
Badger Meter
BMI
$3.87B
| $3.29M | ﹤0.01% |
82,680
-45,848
| -36% | -$1.78M |
|
|
HAYN
1942
DELISTED
Haynes International, Inc.
HAYN
| $3.29M | ﹤0.01% |
90,478
-123,515
| -58% | -$4.65M |
|
|
KDNY
1943
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $3.27M | ﹤0.01% |
57,295
| – | – |
|
|
MINI
1944
DELISTED
Mobile Mini Inc
MINI
| $3.22M | ﹤0.01% |
107,925
-131,867
| -55% | -$3.8M |
|
|
NP
1945
DELISTED
Neenah, Inc. Common Stock
NP
| $3.15M | ﹤0.01% |
+39,271
| New | +$3.05M |
|
1946
Carvana
CVNA
$47.5B
| $3.07M | ﹤0.01% |
+750,000
| New | +$2.05M |
|
|
ELGX
1947
DELISTED
Endologix Inc
ELGX
| $3.03M | ﹤0.01% |
62,338
+20,202
| +48% | +$1.19M |
|
|
PARAA
1948
DELISTED
Paramount Global Class A
PARAA
| $2.97M | ﹤0.01% |
45,798
| – | – |
|
1949
Magnite
MGNI
$2.83B
| $2.93M | ﹤0.01% |
570,305
-345,501
| -38% | -$1.9M |
|
1950
Nordic American Tanker
NAT
$1.36B
| $2.92M | ﹤0.01% |
464,524
-208,410
| -31% | -$1.46M |
|
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.