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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
+5.56%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$212B
AUM Growth
+$1.12B
Cap. Flow
+$2.17B
Cap. Flow %
1.02%
Top 10 Hldgs %
14.27%
Holding
2,233
New
58
Increased
931
Reduced
669
Closed
85

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$510M
2
APTV icon
Aptiv
APTV
+$358M
3
LYB icon
LyondellBasell Industries
LYB
+$345M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$290M
5
NXPI icon
NXP Semiconductors
NXPI
+$195M

Top Sells

Rank Stock Value
1
EMC
EMC CORPORATION
EMC
+$479M
2
DUK icon
Duke Energy
DUK
+$392M
3
VZ icon
Verizon
VZ
+$261M
4
CCI icon
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
NTAP icon
276
NetApp
NTAP
$35B
$147M 0.07%
4,296,446
+167,682
+4% +$5.11M
PH icon
277
Parker-Hannifin
PH
$123B
$146M 0.07%
1,221,191
+100,000
+9% +$11.9M
WTW icon
278
Willis Towers Watson
WTW
$31.7B
$146M 0.07%
1,152,205
+120,567
+12% +$15M
KDP icon
279
Keurig Dr Pepper
KDP
$42.3B
$146M 0.07%
1,668,698
-147,513
-8% -$14M
BNY
280
Bank of New York Mellon
BNY
$106B
$144M 0.07%
3,773,935
-401,558
-10% -$16M
TRI icon
281
Thomson Reuters
TRI
$42.8B
$143M 0.07%
3,127,232
-411,369
-12% -$19.9M
GRUB
282
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$141M 0.07%
1,717,773
+47,864
+3% +$3.59M
CNH
283
CNH Industrial
CNH
$12.7B
$141M 0.07%
23,003,553
+11,542,779
+101% +$71.7M
VRTX icon
284
Vertex Pharmaceuticals
VRTX
$121B
$140M 0.07%
1,675,053
– –
COR icon
285
Cencora
COR
$60.6B
$139M 0.07%
1,804,026
-58,871
-3% -$5.05M
JWN
286
DELISTED
Nordstrom
JWN
$139M 0.07%
2,807,043
+136,874
+5% +$6.43M
FLEX icon
287
Flex
FLEX
$41.7B
$138M 0.07%
14,810,033
+7,452,095
+101% +$72.4M
INCY icon
288
Incyte
INCY
$24.2B
$137M 0.06%
1,518,514
+83,427
+6% +$7.03M
ADI icon
289
Analog Devices
ADI
$179B
$137M 0.06%
2,218,982
– –
CPRI icon
290
Capri Holdings
CPRI
$1.83B
$137M 0.06%
3,054,795
+17,209
+0.6% +$858K
HES
291
DELISTED
Hess
HES
$136M 0.06%
2,661,746
-215,640
-7% -$11.6M
BBWI icon
292
Bath & Body Works
BBWI
$4.06B
$136M 0.06%
2,493,338
+235,740
+10% +$13.9M
BCR
293
DELISTED
CR Bard Inc.
BCR
$135M 0.06%
630,111
-21,934
-3% -$4.94M
SWN
294
DELISTED
Southwestern Energy Company
SWN
$135M 0.06%
10,196,776
+908,402
+10% +$12.6M
STX icon
295
Seagate
STX
$194B
$135M 0.06%
3,659,499
+451,811
+14% +$14.7M
TAP icon
296
Molson Coors Class B
TAP
$7.79B
$133M 0.06%
1,266,965
+37,317
+3% +$3.79M
CCI icon
297
Crown Castle
CCI
$33.3B
$133M 0.06%
1,476,473
-1,930,725
-57% -$186M
TT icon
298
Trane Technologies
TT
$101B
$133M 0.06%
2,043,517
+379,161
+23% +$25.3M
NLSN
299
DELISTED
Nielsen Holdings plc
NLSN
$130M 0.06%
2,540,693
-164,069
-6% -$8.72M
AA icon
300
Alcoa
AA
$11.9B
$130M 0.06%
5,564,748
-238,350
-4% -$5.81M
10 11
12
13 14

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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.