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 | |
|---|---|---|---|---|---|---|
|
BRFS
876
DELISTED
BRF SA
BRFS
| $33.1M | 0.02% |
2,029,501
| – | – |
|
877
Service Corp International
SCI
$11.7B
| $33M | 0.02% |
1,300,935
+46,212
| +4% | +$1.25M |
|
|
KLXI
878
DELISTED
KLX Inc.
KLXI
| $32.9M | 0.02% |
1,161,723
-18,814
| -2% | -$541K |
|
879
Fair Isaac
FICO
$24.3B
| $32.9M | 0.02% |
276,189
+384
| +0.1% | +$47.9K |
|
|
UMPQ
880
DELISTED
Umpqua Holdings Corp
UMPQ
| $32.8M | 0.02% |
2,285,273
+55,054
| +2% | +$858K |
|
881
KB Home
KBH
$3.37B
| $32.8M | 0.02% |
2,132,740
+43,021
| +2% | +$677K |
|
|
HR
882
DELISTED
Healthcare Realty Trust Incorporated
HR
| $32.8M | 0.02% |
1,008,899
-34,410
| -3% | -$1.21M |
|
883
Mueller Industries
MLI
$14.7B
| $32.7M | 0.02% |
4,227,248
+2,050,648
| +94% | +$17.3M |
|
884
Teledyne Technologies
TDY
$30.4B
| $32.6M | 0.02% |
316,036
-23,040
| -7% | -$2.43M |
|
|
WNR
885
DELISTED
Western Refining Inc
WNR
| $32.6M | 0.02% |
1,289,022
+312,857
| +32% | +$7.4M |
|
886
WEX
WEX
$6.37B
| $32.6M | 0.02% |
315,451
-26,459
| -8% | -$2.59M |
|
|
PE
887
DELISTED
PARSLEY ENERGY INC
PE
| $32.5M | 0.02% |
1,016,084
+102,379
| +11% | +$3.2M |
|
888
Aecom
ACM
$9.3B
| $32.5M | 0.02% |
1,143,176
| – | – |
|
889
Hawaiian Electric Industries
HE
$2.23B
| $32.5M | 0.02% |
1,138,234
+161,938
| +17% | +$4.98M |
|
890
Chubb
CB
$135B
| $32.4M | 0.02% |
270,214
| – | – |
|
|
CPHD
891
DELISTED
Cepheid Inc
CPHD
| $32.4M | 0.02% |
643,514
-550,476
| -46% | -$21.9M |
|
|
NSR
892
DELISTED
Neustar Inc
NSR
| $32.3M | 0.02% |
1,270,835
+40,800
| +3% | +$1.02M |
|
893
Urban Edge Properties
UE
$2.86B
| $32.2M | 0.02% |
1,198,322
-69,244
| -5% | -$2.01M |
|
894
Ciena
CIEN
$53.4B
| $32.2M | 0.02% |
1,545,412
+257,760
| +20% | +$5.37M |
|
|
CVA
895
DELISTED
Covanta Holding Corporation
CVA
| $32.1M | 0.02% |
2,183,257
-53,416
| -2% | -$831K |
|
896
Cemex
CX
$17.1B
| $32.1M | 0.02% |
4,395,865
| – | – |
|
897
Tanger
SKT
$4.67B
| $32M | 0.02% |
861,225
| – | – |
|
|
PPS
898
DELISTED
Post Properties
PPS
| $31.9M | 0.02% |
505,399
| – | – |
|
|
AHL
899
DELISTED
ASPEN Insurance Holding Limited
AHL
| $31.9M | 0.02% |
717,329
-34,900
| -5% | -$1.59M |
|
900
IMAX
IMAX
$2.62B
| $31.8M | 0.02% |
1,150,932
+208,706
| +22% | +$6.36M |
|
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.