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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
PANW icon
451
Palo Alto Networks
PANW
$270B
$85.2M 0.04%
3,357,660
-209,130
-6% -$4.77M
MTB icon
452
M&T Bank
MTB
$35.7B
$84.7M 0.04%
763,707
-17,286
-2% -$2.01M
ALB icon
453
Albemarle
ALB
$13.9B
$84.5M 0.04%
1,034,947
+79,087
+8% +$6.51M
SIRI icon
454
SiriusXM
SIRI
$9.98B
$84.3M 0.04%
2,116,605
-47,125
-2% -$1.97M
BEN icon
455
Franklin Resources
BEN
$17.6B
$83.6M 0.04%
2,461,053
+103,616
+4% +$3.66M
LHX icon
456
L3Harris
LHX
$51.6B
$83.6M 0.04%
955,521
+58,439
+7% +$5.19M
DRE
457
DELISTED
Duke Realty Corp.
DRE
$83.4M 0.04%
3,196,173
+1,534
+0% +$42.4K
FAST icon
458
Fastenal
FAST
$54.7B
$83.4M 0.04%
8,360,252
-529,096
-6% -$5.63M
AAL icon
459
American Airlines Group
AAL
$10.1B
$83.2M 0.04%
2,378,969
+828,086
+53% +$29.3M
KSU
460
DELISTED
Kansas City Southern
KSU
$83.2M 0.04%
933,210
-20,335
-2% -$1.93M
RL icon
461
Ralph Lauren
RL
$22.6B
$82.6M 0.04%
855,470
+49,373
+6% +$4.96M
AOS icon
462
A.O. Smith
AOS
$8.17B
$82.4M 0.04%
1,747,164
+47,498
+3% +$2.22M
FLR icon
463
Fluor
FLR
$7.01B
$82.2M 0.04%
1,676,084
-9,891
-0.6% -$510K
JNPR
464
DELISTED
Juniper Networks
JNPR
$81.9M 0.04%
3,563,238
-322,183
-8% -$7.46M
NI icon
465
NiSource
NI
$21.3B
$81.8M 0.04%
3,554,119
– –
INGR icon
466
Ingredion
INGR
$6.27B
$81.6M 0.04%
642,130
-41,327
-6% -$5.52M
CE icon
467
Celanese
CE
$4.9B
$81.2M 0.04%
1,277,321
+7,578
+0.6% +$495K
COL
468
DELISTED
Rockwell Collins
COL
$80.6M 0.04%
1,000,858
-58,789
-6% -$4.96M
RF icon
469
Regions Financial
RF
$26.4B
$80.6M 0.04%
8,546,996
-656,842
-7% -$6.15M
PFG icon
470
Principal Financial Group
PFG
$24.3B
$80.4M 0.04%
1,634,931
-65,092
-4% -$3.04M
PNW icon
471
Pinnacle West Capital
PNW
$12.2B
$80.4M 0.04%
1,107,929
– –
VAR
472
DELISTED
Varian Medical Systems, Inc.
VAR
$80.4M 0.04%
964,502
-19,723
-2% -$1.61M
IPG
473
DELISTED
Interpublic Group of Companies
IPG
$80.1M 0.04%
3,754,348
-74,347
-2% -$1.71M
IQV icon
474
IQVIA
IQV
$38.7B
$80.1M 0.04%
1,034,605
+81,558
+9% +$6.18M
GRMN
475
Garmin
GRMN
$56.7B
$80M 0.04%
1,742,024
+127,436
+8% +$6.29M
17 18
19
20 21

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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.