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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
IBCP icon
2101
Independent Bank Corp
IBCP
$802M
$301K ﹤0.01%
13,842
ATRO icon
2102
Astronics
ATRO
$3.22B
$295K ﹤0.01%
+13,378
New +$299K
GNBC
2103
DELISTED
Green Bancorp, Inc
GNBC
$295K ﹤0.01%
+15,230
New +$281K
OKTA icon
2104
Okta
OKTA
$23.5B
$285K ﹤0.01%
+12,500
New +$309K
MRSN
2105
DELISTED
Mersana Therapeutics
MRSN
$279K ﹤0.01%
+800
New +$277K
HRTX icon
2106
Heron Therapeutics
HRTX
$91.8M
$277K ﹤0.01%
20,000
RMR icon
2107
The RMR Group
RMR
$337M
$229K ﹤0.01%
+4,710
New +$238K
NVET
2108
DELISTED
Nexvet Biopharma plc Ordinary Shares
NVET
$229K ﹤0.01%
34,313
ZYME icon
2109
Zymeworks
ZYME
$1.62B
$209K ﹤0.01%
+25,000
New +$280K
PJT icon
2110
PJT Partners
PJT
$4.36B
$200K ﹤0.01%
+4,961
New +$186K
MRUS
2111
DELISTED
Merus
MRUS
$181K ﹤0.01%
11,393
-8,607
-43% -$163K
PAHC icon
2112
Phibro Animal Health
PAHC
$1.48B
$175K ﹤0.01%
+4,715
New +$154K
APPN icon
2113
Appian
APPN
$2.08B
$145K ﹤0.01%
+8,000
New +$145K
OVID icon
2114
Ovid Therapeutics
OVID
$424M
$128K ﹤0.01%
+12,155
New +$159K
NWLI
2115
DELISTED
National Western Life Group, Inc. Class A
NWLI
$128K ﹤0.01%
+400
New +$125K
TGB
2116
Trekor Metals
TGB
$2.42B
$113K ﹤0.01%
89,383
-220,874
-71% -$267K
ACIC icon
2117
American Coastal Insurance
ACIC
$525M
$108K ﹤0.01%
+6,851
New +$107K
VMW
2118
DELISTED
VMware, Inc
VMW
$85K ﹤0.01%
969
-925,653
-100% -$85.3M
AMSF icon
2119
AMERISAFE
AMSF
$570M
$84K ﹤0.01%
1,482
-133,340
-99% -$7.61M
WT icon
2120
WisdomTree
WT
$2.82B
$71K ﹤0.01%
6,981
PTVCB
2121
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
$52K ﹤0.01%
2,129
-37,603
-95% -$918K
TVIA
2122
DELISTED
TerraVia Holdings, Inc. Common Stock
TVIA
$38K ﹤0.01%
162,668
BRS
2123
DELISTED
Bristow Group, Inc.
BRS
$32K ﹤0.01%
4,221
-19,780
-82% -$218K
CSTM icon
2124
Constellium
CSTM
$3.79B
$26K ﹤0.01%
3,719
-120,000
-97% -$781K
AQB icon
2125
AquaBounty Technologies
AQB
$4.63M
$6K ﹤0.01%
34

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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.