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 | |
|---|---|---|---|---|---|---|
|
FTR
1926
DELISTED
Frontier Communications Corp.
FTR
| $3.14M | ﹤0.01% |
266,665
-2
| -0% | -$28 |
|
1927
SEACOR Marine Holdings
SMHI
$258M
| $3.09M | ﹤0.01% |
197,632
-183,584
| -48% | -$2.67M |
|
|
XOG
1928
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $3.09M | ﹤0.01% |
200,834
-934,414
| -82% | -$12M |
|
|
GES
1929
DELISTED
Guess Inc
GES
| $3.08M | ﹤0.01% |
+180,941
| New | +$2.56M |
|
|
KDNY
1930
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $3.05M | ﹤0.01% |
57,295
| – | – |
|
|
TWOU
1931
DELISTED
2U Inc
TWOU
| $3.02M | ﹤0.01% |
1,794
+667
| +59% | +$1M |
|
|
GHL
1932
DELISTED
Greenhill & Co., Inc.
GHL
| $2.91M | ﹤0.01% |
175,516
-117,449
| -40% | -$1.99M |
|
1933
The RMR Group
RMR
$332M
| $2.89M | ﹤0.01% |
56,306
+51,596
| +1,095% | +$2.55M |
|
|
AXON
1934
Axon Enterprise
AXON
$46.4B
| $2.88M | ﹤0.01% |
126,967
-264,553
| -68% | -$6.19M |
|
1935
Cerus
CERS
$474M
| $2.82M | ﹤0.01% |
1,032,357
+249,222
| +32% | +$611K |
|
|
FINL
1936
DELISTED
Finish Line
FINL
| $2.78M | ﹤0.01% |
231,294
-665,811
| -74% | -$7.95M |
|
|
ELGX
1937
DELISTED
Endologix Inc
ELGX
| $2.78M | ﹤0.01% |
62,338
| – | – |
|
1938
Daktronics
DAKT
$1.04B
| $2.77M | ﹤0.01% |
261,942
-95,282
| -27% | -$925K |
|
|
CHUBA
1939
DELISTED
CommerceHub, Inc. Series A Common Stock
CHUBA
| $2.76M | ﹤0.01% |
122,139
| – | – |
|
1940
8x8 Inc
EGHT
$332M
| $2.73M | ﹤0.01% |
201,903
-246,271
| -55% | -$3.35M |
|
1941
First Majestic Silver
AG
$9.07B
| $2.72M | ﹤0.01% |
399,611
-640,866
| -62% | -$4.59M |
|
1942
Ceragon Networks
CRNT
$201M
| $2.72M | ﹤0.01% |
1,307,284
+412,100
| +46% | +$929K |
|
|
TPIC
1943
DELISTED
TPI Composites
TPIC
| $2.68M | ﹤0.01% |
120,000
| – | – |
|
1944
Warner Bros
WBD
$67.1B
| $2.68M | ﹤0.01% |
125,906
-1,857,756
| -94% | -$43.7M |
|
|
PARAA
1945
DELISTED
Paramount Global Class A
PARAA
| $2.67M | ﹤0.01% |
45,798
| – | – |
|
1946
Medpace
MEDP
$16.5B
| $2.66M | ﹤0.01% |
+83,331
| New | +$2.55M |
|
|
RTEC
1947
DELISTED
Rudolph Technologies Inc
RTEC
| $2.61M | ﹤0.01% |
99,150
+44,150
| +80% | +$1.03M |
|
|
LADR
1948
Ladder Capital
LADR
$1.24B
| $2.58M | ﹤0.01% |
187,539
| – | – |
|
|
PFPT
1949
DELISTED
Proofpoint, Inc.
PFPT
| $2.58M | ﹤0.01% |
29,625
| – | – |
|
|
IMGN
1950
DELISTED
Immunogen Inc
IMGN
| $2.56M | ﹤0.01% |
333,979
| – | – |
|
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.