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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
AGR
476
DELISTED
Avangrid, Inc.
AGR
$79.9M 0.04%
2,003,407
-15,592
-0.8% -$681K
VMW
477
DELISTED
VMware, Inc
VMW
$79.9M 0.04%
1,140,966
+279,565
+32% +$19.7M
UDR icon
478
UDR
UDR
$12.3B
$79.9M 0.04%
2,325,201
– –
DISH
479
DELISTED
DISH Network Corp.
DISH
$79.7M 0.04%
1,523,314
+28,615
+2% +$1.48M
PBA icon
480
Pembina Pipeline
PBA
$28.4B
$79.7M 0.04%
2,741,699
+33,826
+1% +$1.02M
SNPS icon
481
Synopsys
SNPS
$74.4B
$79.5M 0.04%
1,402,008
+89,613
+7% +$5.09M
BBBY
482
DELISTED
Bed Bath & Beyond Inc
BBBY
$79.4M 0.04%
1,928,977
-174,050
-8% -$7.74M
VAL
483
DELISTED
Valspar
VAL
$79.3M 0.04%
783,128
-17,524
-2% -$1.86M
HOLX
484
DELISTED
Hologic
HOLX
$79.2M 0.04%
2,134,898
-16,989
-0.8% -$641K
FMX icon
485
Fomento Económico Mexicano
FMX
$43.6B
$78.9M 0.04%
897,972
-104,720
-10% -$9.65M
KSS icon
486
Kohl's
KSS
$2.17B
$78.3M 0.04%
1,873,751
+63,567
+4% +$2.66M
AKAM icon
487
Akamai
AKAM
$16.7B
$78.2M 0.04%
1,545,486
+8,706
+0.6% +$466K
TROW icon
488
T. Rowe Price
TROW
$23.9B
$77.9M 0.04%
1,226,617
-51,309
-4% -$3.58M
NEM icon
489
Newmont
NEM
$98.7B
$77.5M 0.04%
2,063,964
+87,125
+4% +$3.61M
VRSN icon
490
VeriSign
VRSN
$26.2B
$77.2M 0.04%
1,032,697
+5,994
+0.6% +$481K
LUMN icon
491
Lumen
LUMN
$6.57B
$76.6M 0.04%
2,922,187
-813,733
-22% -$23.8M
Y
492
DELISTED
Alleghany Corp
Y
$76.2M 0.04%
152,003
+5,748
+4% +$3.07M
MDVN
493
DELISTED
MEDIVATION, INC.
MDVN
$75.5M 0.04%
969,574
+37,037
+4% +$2.62M
BF.B icon
494
Brown-Forman Class B
BF.B
$13.2B
$75.4M 0.04%
2,601,120
+52,651
+2% +$1.63M
SBNY
495
DELISTED
Signature Bank
SBNY
$75.4M 0.04%
666,648
-658,075
-50% -$79.2M
LVLT
496
DELISTED
Level 3 Communications Inc
LVLT
$75.4M 0.04%
1,701,421
-950,712
-36% -$48.1M
IRM icon
497
Iron Mountain
IRM
$36.4B
$75.3M 0.04%
2,099,398
+155,866
+8% +$6.01M
QVCGA
498
DELISTED
QVC Group Inc Series A
QVCGA
$75.2M 0.04%
81,052
– –
PF
499
DELISTED
Pinnacle Foods, Inc.
PF
$74.9M 0.04%
1,563,845
+573,173
+58% +$28.4M
URI icon
500
United Rentals
URI
$67.2B
$74.7M 0.04%
996,808
+206,092
+26% +$15.8M
18 19
20
21 22

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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.