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 | |
|---|---|---|---|---|---|---|
1026
Moog Inc Class A
MOG.A
$12.4B
| $26.6M | 0.01% |
467,013
| – | – |
|
|
CST
1027
DELISTED
CST Brands, Inc.
CST
| $26.5M | 0.01% |
576,190
-40,259
| -7% | -$1.85M |
|
1028
John Wiley & Sons Class A
WLY
$2.65B
| $26.4M | 0.01% |
536,452
+31,253
| +6% | +$1.71M |
|
1029
Bio-Rad Laboratories Class A
BIO
$8.71B
| $26.4M | 0.01% |
168,662
| – | – |
|
1030
Empire State Realty Trust
ESRT
$872M
| $26.4M | 0.01% |
1,318,579
+273,779
| +26% | +$5.66M |
|
|
BDN
1031
Brandywine Realty Trust
BDN
$524M
| $26.3M | 0.01% |
1,765,428
+65,019
| +4% | +$1.06M |
|
1032
Methanex
MEOH
$4.3B
| $26.3M | 0.01% |
773,674
| – | – |
|
1033
BlackBerry
BB
$4.98B
| $26.2M | 0.01% |
3,436,085
-313,399
| -8% | -$2.35M |
|
1034
Enovis
ENOV
$1.68B
| $26.1M | 0.01% |
505,855
| – | – |
|
1035
COPT Defense Properties
CDP
$4.3B
| $26.1M | 0.01% |
965,133
| – | – |
|
|
TWO
1036
Two Harbors Investment
TWO
$1.27B
| $26.1M | 0.01% |
400,858
| – | – |
|
|
B
1037
DELISTED
Barnes Group Inc.
B
| $26.1M | 0.01% |
674,114
| – | – |
|
1038
Outfront Media
OUT
$5.61B
| $26.1M | 0.01% |
1,173,374
| – | – |
|
1039
Prestige Consumer Healthcare
PBH
$2.38B
| $26.1M | 0.01% |
565,603
+16,247
| +3% | +$822K |
|
1040
Veeva Systems
VEEV
$33.1B
| $26.1M | 0.01% |
661,349
+132,837
| +25% | +$5.15M |
|
1041
Blackstone Mortgage Trust
BXMT
$2.45B
| $26M | 0.01% |
925,638
+73,236
| +9% | +$2.12M |
|
1042
Cracker Barrel
CBRL
$1.26B
| $26M | 0.01% |
206,101
+30,530
| +17% | +$4.69M |
|
|
PRA
1043
DELISTED
ProAssurance
PRA
| $26M | 0.01% |
518,969
+24,972
| +5% | +$1.32M |
|
1044
Antero Resources
AR
$11.1B
| $25.9M | 0.01% |
1,007,596
+618,332
| +159% | +$16.5M |
|
1045
Matsons
MATX
$6.13B
| $25.9M | 0.01% |
679,966
+55,167
| +9% | +$2.05M |
|
1046
Littelfuse
LFUS
$11.2B
| $25.9M | 0.01% |
210,466
+24,580
| +13% | +$3.01M |
|
1047
NovaGold Resources
NG
$2.56B
| $25.9M | 0.01% |
4,844,008
-374,220
| -7% | -$2.33M |
|
|
HZNP
1048
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $25.9M | 0.01% |
1,493,746
-110,496
| -7% | -$2.16M |
|
1049
Sensient Technologies
SXT
$5.26B
| $25.9M | 0.01% |
357,189
-226,355
| -39% | -$16.6M |
|
1050
Adeia
ADEA
$2.94B
| $25.7M | 0.01% |
2,646,480
+101,935
| +4% | +$895K |
|
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.