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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+3.11%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$252B
AUM Growth
+$8.22B
Cap. Flow
+$2.68B
Cap. Flow %
1.06%
Top 10 Hldgs %
14.79%
Holding
2,216
New
77
Increased
1,043
Reduced
752
Closed
90

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
ANDE icon
2001
Andersons Inc
ANDE
$2.39B
$1.72M ﹤0.01%
50,473
-136,244
-73% -$4.87M
HLI icon
2002
Houlihan Lokey
HLI
$9.72B
$1.69M ﹤0.01%
48,395
AX icon
2003
Axos Financial
AX
$5.58B
$1.68M ﹤0.01%
70,942
MACK
2004
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
$1.65M ﹤0.01%
169,464
-5,196
-3% -$106K
MTUS icon
2005
Metallus
MTUS
$833M
$1.65M ﹤0.01%
107,292
-233,079
-68% -$3.45M
NSA
2006
DELISTED
National Storage Affiliates Trust
NSA
$1.64M ﹤0.01%
71,124
TWOU
2007
DELISTED
2U Inc
TWOU
$1.59M ﹤0.01%
1,127
CVEO icon
2008
Civeo
CVEO
$356M
$1.58M ﹤0.01%
62,571
-32,396
-34% -$965K
SFL icon
2009
SFL Corp
SFL
$1.61B
$1.55M ﹤0.01%
114,243
BOJA
2010
DELISTED
Bojangles', Inc. Common Stock
BOJA
$1.51M ﹤0.01%
93,092
ZOES
2011
DELISTED
Zoe's Kitchen, Inc.
ZOES
$1.46M ﹤0.01%
122,498
TNTR
2012
DELISTED
Tintri, Inc. Common Stock
TNTR
$1.45M ﹤0.01%
+200,000
New +$1.45M
EXTR icon
2013
Extreme Networks
EXTR
$3.8B
$1.45M ﹤0.01%
156,985
AKBA icon
2014
Akebia Therapeutics
AKBA
$338M
$1.44M ﹤0.01%
+100,000
New +$1.27M
FN icon
2015
Fabrinet
FN
$14.9B
$1.43M ﹤0.01%
33,467
-23,490
-41% -$885K
IBKR icon
2016
Interactive Brokers
IBKR
$38.4B
$1.41M ﹤0.01%
150,940
-818,084
-84% -$7.26M
AFI
2017
DELISTED
Armstrong Flooring, Inc.
AFI
$1.36M ﹤0.01%
75,492
-120,423
-61% -$2.26M
RES icon
2018
RPC Inc
RES
$1.13B
$1.33M ﹤0.01%
66,023
-51,519
-44% -$981K
GUID
2019
DELISTED
Guidance Software, Inc.
GUID
$1.32M ﹤0.01%
200,000
ARCB icon
2020
ArcBest
ARCB
$3.15B
$1.31M ﹤0.01%
63,440
NCSM icon
2021
NCS Multistage Holdings
NCSM
$116M
$1.26M ﹤0.01%
+2,500
New +$1.18M
RTEC
2022
DELISTED
Rudolph Technologies Inc
RTEC
$1.26M ﹤0.01%
+55,000
New +$1.31M
BHVN
2023
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
$1.25M ﹤0.01%
+50,000
New +$1.15M
MULE
2024
DELISTED
MuleSoft, Inc.
MULE
$1.25M ﹤0.01%
50,000
SPNC
2025
DELISTED
Spectranetics Corp
SPNC
$1.25M ﹤0.01%
32,476

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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.