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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
EXPE icon
426
Expedia Group
EXPE
$35.4B
$91.5M 0.04%
820,688
-90,239
-10% -$10.2M
DELL icon
427
Dell
DELL
$262B
$91.1M 0.04%
+7,107,840
New +$96.6M
MLM icon
428
Martin Marietta Materials
MLM
$31.5B
$90.8M 0.04%
530,967
+2,312
+0.4% +$441K
CPB icon
429
Campbell Soup
CPB
$6.55B
$89.4M 0.04%
1,711,210
-173,482
-9% -$10.5M
BG icon
430
Bunge Global
BG
$20.4B
$89M 0.04%
1,573,831
+74,576
+5% +$4.64M
DRI icon
431
Darden Restaurants
DRI
$23.3B
$88.8M 0.04%
1,516,264
-32,858
-2% -$2.04M
NOW icon
432
ServiceNow
NOW
$115B
$88.7M 0.04%
5,867,720
+270,725
+5% +$3.99M
DHI icon
433
D.R. Horton
DHI
$40B
$88.3M 0.04%
3,061,468
-305,117
-9% -$9.79M
WBC
434
DELISTED
WABCO HOLDINGS INC.
WBC
$88.3M 0.04%
814,348
+86,536
+12% +$8.82M
HOG icon
435
Harley-Davidson
HOG
$2.58B
$88.2M 0.04%
1,754,984
-59,796
-3% -$3.09M
LBTYK icon
436
Liberty Global Class C
LBTYK
$3.53B
$88M 0.04%
2,787,407
+1,001,108
+56% +$30.9M
FL
437
DELISTED
Foot Locker
FL
$87.3M 0.04%
1,349,042
+93,052
+7% +$5.8M
BMRN icon
438
BioMarin Pharmaceuticals
BMRN
$11.6B
$87.3M 0.04%
987,380
+36,542
+4% +$3.44M
AAP icon
439
Advance Auto Parts
AAP
$3.35B
$86.3M 0.04%
605,600
-6,138
-1% -$981K
DOV icon
440
Dover
DOV
$27.6B
$86.2M 0.04%
1,517,495
-43,971
-3% -$2.54M
TECK icon
441
Teck Resources
TECK
$29.6B
$86.2M 0.04%
5,014,782
+924,741
+23% +$14.7M
CMPR icon
442
Cimpress
CMPR
$2.39B
$85.9M 0.04%
907,637
+469,825
+107% +$45.8M
HP icon
443
Helmerich & Payne
HP
$3.45B
$85.9M 0.04%
1,336,179
-8,679
-0.6% -$545K
EQT icon
444
EQT Corp
EQT
$33.3B
$85.7M 0.04%
2,269,873
-13,457
-0.6% -$532K
KIM icon
445
Kimco Realty
KIM
$17.2B
$85.7M 0.04%
3,099,138
– –
FRC
446
DELISTED
First Republic Bank
FRC
$85.7M 0.04%
1,163,033
+75,686
+7% +$5.57M
VER
447
DELISTED
VEREIT, Inc.
VER
$85.6M 0.04%
1,728,769
+217,086
+14% +$11.3M
GT icon
448
Goodyear
GT
$2B
$85.5M 0.04%
2,773,041
+195,862
+8% +$5.7M
CSC
449
DELISTED
Computer Sciences
CSC
$85.5M 0.04%
1,713,957
-205,225
-11% -$9.91M
IDXX icon
450
Idexx Laboratories
IDXX
$44.1B
$85.4M 0.04%
793,621
+44,520
+6% +$4.69M
16 17
18
19 20

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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.