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 | |
|---|---|---|---|---|---|---|
951
B&G Foods
BGS
$287M
| $29.5M | 0.01% |
627,242
+154,764
| +33% | +$7.44M |
|
952
World Kinect Corp
WKC
$2.04B
| $29.4M | 0.01% |
666,126
+12,000
| +2% | +$553K |
|
|
RAX
953
DELISTED
Rackspace Hosting Inc
RAX
| $29.4M | 0.01% |
972,164
-299,123
| -24% | -$8.26M |
|
|
ISBC
954
DELISTED
Investors Bancorp, Inc.
ISBC
| $29.3M | 0.01% |
2,555,351
| – | – |
|
955
Woodward
WWD
$21.3B
| $29.2M | 0.01% |
489,136
| – | – |
|
|
CMBT
956
CMB.TECH NV
CMBT
$4.69B
| $29.1M | 0.01% |
3,987,814
+137,114
| +4% | +$1.2M |
|
|
TSRO
957
DELISTED
TESARO, Inc.
TSRO
| $29.1M | 0.01% |
304,121
+70,496
| +30% | +$6.59M |
|
958
Energizer
ENR
$1.44B
| $29.1M | 0.01% |
609,322
| – | – |
|
959
Radian Group
RDN
$5.18B
| $29M | 0.01% |
2,242,572
-138,666
| -6% | -$1.79M |
|
960
Petrobras
PBR
$125B
| $29M | 0.01% |
3,253,730
| – | – |
|
|
EVHC
961
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $29M | 0.01% |
455,287
| – | – |
|
962
Take-Two Interactive
TTWO
$45.4B
| $28.9M | 0.01% |
671,219
| – | – |
|
963
ASML
ASML
$626B
| $28.9M | 0.01% |
275,670
| – | – |
|
964
Eagle Materials
EXP
$6.29B
| $28.8M | 0.01% |
390,626
| – | – |
|
|
ARIA
965
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $28.8M | 0.01% |
2,200,020
+156,027
| +8% | +$1.57M |
|
966
Comscore
SCOR
$106M
| $28.7M | 0.01% |
49,053
+5,351
| +12% | +$3.03M |
|
|
PRXL
967
DELISTED
Parexel International Corp
PRXL
| $28.7M | 0.01% |
433,109
-61,469
| -12% | -$4.15M |
|
|
DFT
968
DELISTED
DuPont Fabros Technology Inc.
DFT
| $28.7M | 0.01% |
728,981
+52,262
| +8% | +$2.36M |
|
969
Huntsman Corp
HUN
$1.71B
| $28.6M | 0.01% |
1,842,023
-88,923
| -5% | -$1.41M |
|
970
AutoNation
AN
$7.11B
| $28.6M | 0.01% |
614,788
+40,888
| +7% | +$2.01M |
|
|
IDTI
971
DELISTED
Integrated Device Technology I
IDTI
| $28.6M | 0.01% |
1,295,879
+112,915
| +10% | +$2.33M |
|
|
SPN
972
DELISTED
Superior Energy Services, Inc.
SPN
| $28.5M | 0.01% |
166,700
-29,473
| -15% | -$4.94M |
|
|
CIM
973
Chimera Investment
CIM
$1.04B
| $28.5M | 0.01% |
623,577
+43,746
| +8% | +$2.14M |
|
974
Crane NXT
CXT
$2.99B
| $28.5M | 0.01% |
1,362,596
| – | – |
|
|
SFLY
975
DELISTED
Shutterfly, Inc.
SFLY
| $28.5M | 0.01% |
668,012
+20,230
| +3% | +$1M |
|
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.