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 | |
|---|---|---|---|---|---|---|
826
Mercury Insurance
MCY
$5.93B
| $35.5M | 0.02% |
677,264
| – | – |
|
827
Alnylam Pharmaceuticals
ALNY
$27.5B
| $35.5M | 0.02% |
547,769
+87,008
| +19% | +$6.14M |
|
828
Ultragenyx Pharmaceutical
RARE
$2.45B
| $35.4M | 0.02% |
522,215
+230,426
| +79% | +$14.7M |
|
|
ACH
829
Accendra Health
ACH
$237M
| $35.3M | 0.02% |
1,062,679
+46,716
| +5% | +$1.64M |
|
|
SNV
830
DELISTED
Synovus
SNV
| $35.2M | 0.02% |
1,133,840
+30,562
| +3% | +$960K |
|
831
Williams-Sonoma
WSM
$26.9B
| $35.2M | 0.02% |
1,442,894
-135,396
| -9% | -$3.54M |
|
832
Alkermes
ALKS
$8.22B
| $35.2M | 0.02% |
783,536
+82,579
| +12% | +$3.93M |
|
|
DHC
833
Diversified Healthcare Trust
DHC
$2.15B
| $35.1M | 0.02% |
1,618,102
-485,000
| -23% | -$10.7M |
|
|
MSCC
834
DELISTED
Microsemi Corp
MSCC
| $35.1M | 0.02% |
874,880
-116,263
| -12% | -$4.45M |
|
|
STOR
835
DELISTED
STORE Capital Corporation
STOR
| $35M | 0.02% |
1,243,077
| – | – |
|
836
Popular Inc
BPOP
$11.2B
| $35M | 0.02% |
957,736
| – | – |
|
|
EGOV
837
DELISTED
NIC Inc
EGOV
| $34.9M | 0.02% |
1,555,791
+50,870
| +3% | +$1.17M |
|
838
Silgan Holdings
SLGN
$4.23B
| $34.9M | 0.02% |
1,443,178
+51,000
| +4% | +$1.27M |
|
839
Brinker International
EAT
$9.17B
| $34.9M | 0.02% |
723,569
+3,973
| +0.6% | +$200K |
|
|
LSI
840
DELISTED
Life Storage, Inc.
LSI
| $34.8M | 0.02% |
615,065
+11,768
| +2% | +$753K |
|
841
Norwegian Cruise Line
NCLH
$8.51B
| $34.8M | 0.02% |
965,942
-135,464
| -12% | -$5.25M |
|
842
Watsco Inc
WSO
$12.7B
| $34.7M | 0.02% |
258,207
+39,659
| +18% | +$5.68M |
|
843
Cathay General Bancorp
CATY
$4.22B
| $34.7M | 0.02% |
1,181,126
+20,172
| +2% | +$612K |
|
|
TUP
844
DELISTED
Tupperware Brands Corporation
TUP
| $34.6M | 0.02% |
553,927
+71,432
| +15% | +$4.49M |
|
845
Alaska Air
ALK
$5.29B
| $34.5M | 0.02% |
548,442
-23,358
| -4% | -$1.54M |
|
846
Pool Corp
POOL
$6.75B
| $34.4M | 0.02% |
380,982
| – | – |
|
847
Compass Minerals
CMP
$1.23B
| $34.3M | 0.02% |
487,596
+23,286
| +5% | +$1.69M |
|
848
East-West Bancorp
EWBC
$17.9B
| $34.3M | 0.02% |
978,148
| – | – |
|
|
LSXMK
849
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $34.3M | 0.02% |
1,410,193
| – | – |
|
|
SINA
850
DELISTED
Sina Corp
SINA
| $34.2M | 0.02% |
485,526
+50,535
| +12% | +$3.35M |
|
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.