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 | |
|---|---|---|---|---|---|---|
651
Middleby
MIDD
$6.04B
| $49.9M | 0.02% |
422,821
+16,804
| +4% | +$2.06M |
|
652
American Financial Group
AFG
$11.8B
| $49.8M | 0.02% |
695,830
-40,738
| -6% | -$3.01M |
|
|
PDCO
653
DELISTED
Patterson Companies, Inc.
PDCO
| $49.8M | 0.02% |
1,135,487
+20,263
| +2% | +$959K |
|
654
Hubbell
HUBB
$25B
| $49.7M | 0.02% |
483,442
| – | – |
|
|
ARRS
655
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $49.5M | 0.02% |
1,828,104
-426,444
| -19% | -$11.4M |
|
656
Omega Healthcare
OHI
$15.1B
| $49.4M | 0.02% |
1,460,135
+15,418
| +1% | +$548K |
|
|
NUVA
657
DELISTED
NuVasive, Inc.
NUVA
| $49.4M | 0.02% |
776,344
| – | – |
|
658
CoStar Group
CSGP
$11.7B
| $49.2M | 0.02% |
2,381,090
+45,010
| +2% | +$958K |
|
659
Restaurant Brands International
QSR
$25.7B
| $49.2M | 0.02% |
1,157,138
-795
| -0.1% | -$36.1K |
|
660
Bio-Techne
TECH
$11.2B
| $49.2M | 0.02% |
1,881,788
| – | – |
|
|
SRC
661
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $49.2M | 0.02% |
861,687
| – | – |
|
662
Brown & Brown
BRO
$23.6B
| $49.1M | 0.02% |
2,729,004
+320,416
| +13% | +$5.93M |
|
663
Equity Lifestyle Properties
ELS
$12.6B
| $49M | 0.02% |
1,329,238
| – | – |
|
664
Gildan
GIL
$10.3B
| $48.9M | 0.02% |
1,835,335
-38,837
| -2% | -$1.15M |
|
665
Nabors Industries
NBR
$1.27B
| $48.9M | 0.02% |
84,152
| – | – |
|
666
Wabtec
WAB
$49.1B
| $48.6M | 0.02% |
623,841
-94,398
| -13% | -$6.93M |
|
|
BEAV
667
DELISTED
B/E Aerospace Inc
BEAV
| $48.5M | 0.02% |
983,386
+136,844
| +16% | +$6.62M |
|
668
Jabil
JBL
$33B
| $48.5M | 0.02% |
2,326,421
+151,330
| +7% | +$3.15M |
|
669
Revvity
RVTY
$12.6B
| $48.3M | 0.02% |
901,796
| – | – |
|
670
Camden Property Trust
CPT
$11B
| $48.2M | 0.02% |
602,332
+27,303
| +5% | +$2.39M |
|
671
W.P. Carey
WPC
$16.8B
| $48M | 0.02% |
794,886
+40,525
| +5% | +$2.7M |
|
672
RenaissanceRe
RNR
$13.3B
| $48M | 0.02% |
417,902
-12,848
| -3% | -$1.51M |
|
673
Flowserve
FLS
$9.71B
| $47.8M | 0.02% |
1,036,370
| – | – |
|
|
TRCO
674
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $47.7M | 0.02% |
1,367,263
+149,224
| +12% | +$5.66M |
|
675
TripAdvisor
TRIP
$1.65B
| $47.5M | 0.02% |
787,583
-30,483
| -4% | -$1.96M |
|
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.