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 | |
|---|---|---|---|---|---|---|
1951
Digimarc Corp
DMRC
$143M
| $2.89M | ﹤0.01% |
+71,952
| New | +$2.33M |
|
1952
V2X
VVX
$2.7B
| $2.88M | ﹤0.01% |
88,999
| – | – |
|
|
PSDO
1953
DELISTED
Presidio, Inc. Common Stock
PSDO
| $2.86M | ﹤0.01% |
200,000
| – | – |
|
1954
AudioCodes
AUDC
$239M
| $2.84M | ﹤0.01% |
467,295
| – | – |
|
|
NYRT
1955
DELISTED
New York REIT, Inc.
NYRT
| $2.75M | ﹤0.01% |
31,889
+21,690
| +213% | +$1.97M |
|
1956
National Healthcare
NHC
$3.57B
| $2.65M | ﹤0.01% |
37,856
| – | – |
|
|
TRTN
1957
DELISTED
Triton International Limited
TRTN
| $2.62M | ﹤0.01% |
+78,233
| New | +$2.31M |
|
|
PFPT
1958
DELISTED
Proofpoint, Inc.
PFPT
| $2.57M | ﹤0.01% |
29,625
-65,562
| -69% | -$5.39M |
|
|
BRSS
1959
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $2.56M | ﹤0.01% |
83,704
| – | – |
|
1960
Ollie's Bargain Outlet
OLLI
$4.31B
| $2.52M | ﹤0.01% |
59,095
-21,216
| -26% | -$831K |
|
|
LADR
1961
Ladder Capital
LADR
$1.24B
| $2.52M | ﹤0.01% |
187,539
| – | – |
|
|
OSG
1962
Octave Specialty Group
OSG
$257M
| $2.5M | ﹤0.01% |
143,915
| – | – |
|
|
SREV
1963
DELISTED
ServiceSource International, Inc.
SREV
| $2.48M | ﹤0.01% |
639,632
-166,230
| -21% | -$597K |
|
|
SFBS
1964
ServisFirst Bancshares
SFBS
$4.9B
| $2.47M | ﹤0.01% |
67,012
-249,445
| -79% | -$9.08M |
|
1965
AAR Corp
AIR
$5.4B
| $2.47M | ﹤0.01% |
71,052
| – | – |
|
1966
Arrow Financial
AROW
$662M
| $2.43M | ﹤0.01% |
94,404
| – | – |
|
1967
Scorpio Tankers
STNG
$3.91B
| $2.42M | ﹤0.01% |
60,949
-128,962
| -68% | -$5.21M |
|
|
IMGN
1968
DELISTED
Immunogen Inc
IMGN
| $2.38M | ﹤0.01% |
333,979
-1,196,793
| -78% | -$5.48M |
|
1969
Ceragon Networks
CRNT
$188M
| $2.28M | ﹤0.01% |
895,184
+402,506
| +82% | +$1.21M |
|
|
REVG
1970
DELISTED
REV Group
REVG
| $2.26M | ﹤0.01% |
81,804
-336,203
| -80% | -$9.38M |
|
1971
Coca-Cola Consolidated
COKE
$12.8B
| $2.22M | ﹤0.01% |
+97,000
| New | +$2.1M |
|
|
TPIC
1972
DELISTED
TPI Composites
TPIC
| $2.22M | ﹤0.01% |
+120,000
| New | +$2.16M |
|
1973
Hamilton Lane
HLNE
$3.88B
| $2.2M | ﹤0.01% |
100,000
| – | – |
|
1974
Ameresco
AMRC
$980M
| $2.2M | ﹤0.01% |
285,503
-38,628
| -12% | -$259K |
|
|
CRZO
1975
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $2.19M | ﹤0.01% |
125,916
+75,000
| +147% | +$1.74M |
|
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.