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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
NBHC icon
2026
National Bank Holdings
NBHC
$1.89B
$1.24M ﹤0.01%
37,291
JILL icon
2027
J. Jill
JILL
$275M
$1.23M ﹤0.01%
23,820
CNS icon
2028
Cohen & Steers
CNS
$4.19B
$1.22M ﹤0.01%
30,074
-75,857
-72% -$3.02M
ATNX
2029
DELISTED
Athenex, Inc. Common Stock
ATNX
$1.2M ﹤0.01%
+3,750
New +$1.13M
KEN icon
2030
Kenon Holdings
KEN
$3.35B
$1.2M ﹤0.01%
88,925
+37,606
+73% +$472K
CORE
2031
DELISTED
Core Mark Holding Co., Inc.
CORE
$1.19M ﹤0.01%
36,113
KEM
2032
DELISTED
KEMET Corporation
KEM
$1.19M ﹤0.01%
+92,934
New +$1.18M
PLUS icon
2033
ePlus
PLUS
$2.44B
$1.18M ﹤0.01%
31,732
ACET
2034
DELISTED
Aceto Corp
ACET
$1.17M ﹤0.01%
75,831
+10,600
+16% +$158K
SEI
2035
Solaris Energy Infrastructure
SEI
$2.65B
$1.15M ﹤0.01%
+100,000
New +$1.13M
ARNA
2036
DELISTED
Arena Pharmaceuticals Inc
ARNA
$1.14M ﹤0.01%
67,591
-36,062
-35% -$494K
BBT
2037
Beacon Financial Corp
BBT
$2.49B
$1.12M ﹤0.01%
31,775
HTGC icon
2038
Hercules Capital
HTGC
$2.98B
$1.11M ﹤0.01%
83,545
+1,901
+2% +$26.4K
BZH icon
2039
Beazer Homes USA
BZH
$888M
$1.1M ﹤0.01%
79,936
EEX
2040
DELISTED
Emerald Holding
EEX
$1.09M ﹤0.01%
+50,000
New +$1.06M
CADE
2041
DELISTED
Cadence Bancorporation
CADE
$1.09M ﹤0.01%
+50,000
New +$1.12M
GVA icon
2042
Granite Construction
GVA
$5.15B
$1.06M ﹤0.01%
21,911
UBNK
2043
DELISTED
United Financial Bancorp, Inc.
UBNK
$1.06M ﹤0.01%
63,309
WABC icon
2044
Westamerica Bancorp
WABC
$1.39B
$1.05M ﹤0.01%
18,816
-57,385
-75% -$3.13M
MFIC icon
2045
MidCap Financial Investment
MFIC
$801M
$1.05M ﹤0.01%
54,824
BOOT icon
2046
Boot Barn
BOOT
$4.58B
$1.05M ﹤0.01%
148,319
IPHI
2047
DELISTED
INPHI CORPORATION
IPHI
$1.04M ﹤0.01%
30,414
-48,453
-61% -$1.95M
GILT icon
2048
Gilat Satellite Networks
GILT
$789M
$1.04M ﹤0.01%
210,642
MC icon
2049
Moelis & Co
MC
$4.85B
$1.02M ﹤0.01%
+26,246
New +$978K
AT
2050
DELISTED
Atlantic Power Corporation
AT
$1.02M ﹤0.01%
431,595
-28,600
-6% -$71.1K

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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.