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 | |
|---|---|---|---|---|---|---|
2051
Park Aerospace
PKE
$819M
| $1.07M | ﹤0.01% |
58,113
-141,867
| -71% | -$2.58M |
|
|
AYR
2052
DELISTED
Aircastle Ltd
AYR
| $1.07M | ﹤0.01% |
48,125
-107,693
| -69% | -$2.4M |
|
|
SRCI
2053
DELISTED
SRC Energy Inc
SRCI
| $1.06M | ﹤0.01% |
+109,983
| New | +$868K |
|
2054
DMC Global
BOOM
$157M
| $1.06M | ﹤0.01% |
62,775
| – | – |
|
|
SYNT
2055
DELISTED
Syntel Inc
SYNT
| $1.03M | ﹤0.01% |
52,466
-374,996
| -88% | -$6.85M |
|
2056
Magnite
MGNI
$3.55B
| $1.03M | ﹤0.01% |
264,551
-305,754
| -54% | -$1.3M |
|
2057
MidCap Financial Investment
MFIC
$804M
| $1.03M | ﹤0.01% |
56,096
+1,272
| +2% | +$23.7K |
|
2058
Phibro Animal Health
PAHC
$1.39B
| $1.01M | ﹤0.01% |
27,247
+22,532
| +478% | +$846K |
|
|
MULE
2059
DELISTED
MuleSoft, Inc.
MULE
| $1.01M | ﹤0.01% |
50,000
| – | – |
|
|
RDFN
2060
DELISTED
Redfin
RDFN
| $1M | ﹤0.01% |
+40,000
| New | +$1.03M |
|
|
TGI
2061
DELISTED
Triumph Group
TGI
| $996K | ﹤0.01% |
33,494
-30,030
| -47% | -$857K |
|
|
GTHX
2062
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $996K | ﹤0.01% |
40,000
| – | – |
|
|
CDR
2063
DELISTED
Cedar Realty Trust, Inc
CDR
| $994K | ﹤0.01% |
26,807
-130,147
| -83% | -$4.42M |
|
2064
PJT Partners
PJT
$4.38B
| $989K | ﹤0.01% |
25,819
+20,858
| +420% | +$828K |
|
2065
Astronics
ATRO
$3.84B
| $982K | ﹤0.01% |
45,559
+32,181
| +241% | +$657K |
|
2066
PennyMac Financial
PFSI
$4.02B
| $975K | ﹤0.01% |
54,794
| – | – |
|
2067
Twilio
TWLO
$36.6B
| $967K | ﹤0.01% |
+32,383
| New | +$971K |
|
2068
AMC Entertainment Holdings
AMC
$2.31B
| $961K | ﹤0.01% |
6,535
-65,506
| -91% | -$10.9M |
|
2069
SK Telecom
SKM
$13.2B
| $951K | ﹤0.01% |
23,473
| – | – |
|
|
ICPT
2070
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $932K | ﹤0.01% |
16,065
+10,508
| +189% | +$1.13M |
|
2071
Globant
GLOB
$1.61B
| $926K | ﹤0.01% |
23,121
| – | – |
|
2072
Teladoc Health
TDOC
$1.3B
| $922K | ﹤0.01% |
+27,816
| New | +$912K |
|
2073
Sonic Automotive
SAH
$2.61B
| $906K | ﹤0.01% |
44,398
-209,978
| -83% | -$3.83M |
|
|
SNNA
2074
DELISTED
Sienna Biopharmaceuticals, Inc.
SNNA
| $890K | ﹤0.01% |
+40,000
| New | +$878K |
|
|
CMTA
2075
DELISTED
Clementia Pharmaceuticals Inc.
CMTA
| $844K | ﹤0.01% |
+50,000
| New | +$817K |
|
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.