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 |
Broadcom
AVGO
|
+$510M |
| 2 |
Aptiv
APTV
|
+$358M |
| 3 |
LyondellBasell Industries
LYB
|
+$345M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$290M |
| 5 |
NXP Semiconductors
NXPI
|
+$195M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$479M |
| 2 |
Duke Energy
DUK
|
+$392M |
| 3 |
Verizon
VZ
|
+$261M |
| 4 |
Crown Castle
CCI
|
+$186M |
| 5 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$167M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.63% |
| 2 | Technology | 14.57% |
| 3 | Healthcare | 13.9% |
| 4 | Consumer Discretionary | 9.72% |
| 5 | Industrials | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGU
251
DELISTED
Agrium
AGU
| $165M | 0.08% |
1,915,043
-304,568
| -14% | -$28M |
|
252
VF Corp
VFC
$5.63B
| $165M | 0.08% |
3,279,049
-76,847
| -2% | -$4.44M |
|
253
Moody's
MCO
$82.8B
| $164M | 0.08% |
1,581,748
-7,301
| -0.5% | -$768K |
|
254
Healthpeak Properties
DOC
$15.1B
| $163M | 0.08% |
4,948,162
+110,337
| +2% | +$3.86M |
|
255
Western Digital
WDC
$188B
| $162M | 0.08% |
3,837,803
+188,255
| +5% | +$7.09M |
|
|
STJ
256
DELISTED
St Jude Medical
STJ
| $162M | 0.08% |
2,126,502
-554,949
| -21% | -$44.8M |
|
|
PGRE
257
DELISTED
Paramount Group
PGRE
| $162M | 0.08% |
10,336,938
| – | – |
|
258
PACCAR
PCAR
$69.8B
| $160M | 0.08% |
4,278,644
-285,574
| -6% | -$10.9M |
|
259
Entergy
ETR
$50.2B
| $159M | 0.08% |
4,328,666
-123,106
| -3% | -$4.9M |
|
260
Dollar General
DG
$28B
| $158M | 0.07% |
2,365,976
-59,126
| -2% | -$5.01M |
|
|
STI
261
DELISTED
SunTrust Banks, Inc.
STI
| $157M | 0.07% |
3,763,549
-278,119
| -7% | -$11.9M |
|
262
Monster Beverage
MNST
$94.3B
| $157M | 0.07% |
6,734,574
+122,724
| +2% | +$3.19M |
|
263
Micron Technology
MU
$930B
| $155M | 0.07% |
9,116,371
-817,871
| -8% | -$12.5M |
|
264
Gen Digital
GEN
$16.4B
| $153M | 0.07% |
6,387,291
-738,668
| -10% | -$16.8M |
|
265
Williams Companies
WMB
$87.5B
| $151M | 0.07% |
5,159,106
+40,700
| +0.8% | +$1.08M |
|
266
Pentair
PNR
$10.4B
| $151M | 0.07% |
3,654,634
+180,276
| +5% | +$7.6M |
|
|
QGENF
267
DELISTED
QIAGEN NV
QGENF
| $150M | 0.07% |
6,402,183
+2,473,321
| +63% | +$58M |
|
268
Wheaton Precious Metals
WPM
$49.5B
| $150M | 0.07% |
5,810,099
+2,630,395
| +83% | +$72.4M |
|
|
FISV
269
Fiserv Inc
FISV
$28.8B
| $150M | 0.07% |
3,152,592
-255,752
| -8% | -$13.4M |
|
|
CERN
270
DELISTED
Cerner Corp
CERN
| $150M | 0.07% |
2,538,655
-16,137
| -0.6% | -$1.02M |
|
271
Magna International
MGA
$18.7B
| $149M | 0.07% |
3,651,036
-463,571
| -11% | -$18.3M |
|
272
Paychex
PAYX
$41.6B
| $149M | 0.07% |
2,702,921
-16,361
| -0.6% | -$981K |
|
273
Republic Services
RSG
$64.8B
| $149M | 0.07% |
3,095,722
+55,325
| +2% | +$2.83M |
|
274
Amphenol
APH
$198B
| $148M | 0.07% |
9,555,892
| – | – |
|
275
Huntington Bancshares
HBAN
$34.4B
| $148M | 0.07% |
15,706,269
+4,882,406
| +45% | +$46.5M |
|
Similar funds
Norges Bank's Q3 2016 Portfolio in Review
As of Q3 2016, Norges Bank held 2,233 positions worth $212B, up 0.53% from $210B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q3 2016 filing shows 58 new, 931 increased, 669 reduced and 85 closed positions. Its largest new stake was Fortive: 4,010,057 shares worth $123M. The largest sale was EMC CORPORATION, an estimated $479M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q3 2016 buy was Fortive: 4,010,057 shares worth $123M.
- Norges Bank added most to Broadcom in Q3 2016, an estimated $510M increase.
- Norges Bank's biggest Q3 2016 reduction was Verizon, cutting an estimated $261M.
- Norges Bank fully exited EMC CORPORATION in Q3 2016, selling an estimated $479M.
- Norges Bank's ten largest holdings make up 14% of its $212B portfolio in Q3 2016.
- Norges Bank opened 58 new positions and closed 85 in Q3 2016.
- Norges Bank's portfolio value rose 0.53% quarter-over-quarter to $212B.
Based on Norges Bank's 13F filing for Q3 2016, filed 14 Nov 2016.