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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.56%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$212B
AUM Growth
+$1.12B
Cap. Flow
+$2.17B
Cap. Flow %
1.02%
Top 10 Hldgs %
14.27%
Holding
2,233
New
58
Increased
931
Reduced
669
Closed
85

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$510M
2
APTV icon
Aptiv
APTV
+$358M
3
LYB icon
LyondellBasell Industries
LYB
+$345M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$290M
5
NXPI icon
NXP Semiconductors
NXPI
+$195M

Top Sells

Rank Stock Value
1
EMC
EMC CORPORATION
EMC
+$479M
2
DUK icon
Duke Energy
DUK
+$392M
3
VZ icon
Verizon
VZ
+$261M
4
CCI icon
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
BOH icon
1051
Bank of Hawaii
BOH
$3.15B
$25.7M 0.01%
370,196
+7,500
+2% +$526K
WAL icon
1052
Western Alliance Bancorporation
WAL
$8.79B
$25.6M 0.01%
715,116
– –
CY
1053
DELISTED
Cypress Semiconductor
CY
$25.6M 0.01%
2,204,940
-28,812
-1% -$329K
MFA
1054
MFA Financial
MFA
$926M
$25.6M 0.01%
895,960
+62,242
+7% +$1.89M
ABAX
1055
DELISTED
Abaxis Inc
ABAX
$25.6M 0.01%
519,307
+25,000
+5% +$1.25M
COHR
1056
DELISTED
Coherent Inc
COHR
$25.6M 0.01%
242,333
-43,413
-15% -$4.5M
YELP icon
1057
Yelp
YELP
$1.45B
$25.6M 0.01%
642,341
+189,393
+42% +$6.64M
DST
1058
DELISTED
DST Systems Inc.
DST
$25.5M 0.01%
453,272
-47,440
-9% -$2.87M
ALR
1059
DELISTED
Alere Inc
ALR
$25.5M 0.01%
618,017
– –
CLC
1060
DELISTED
Clarcor
CLC
$25.5M 0.01%
411,075
+35,995
+10% +$2.27M
ABM icon
1061
ABM Industries
ABM
$2.81B
$25.5M 0.01%
672,607
+72,695
+12% +$2.76M
PRLB icon
1062
Protolabs
PRLB
$1.79B
$25.5M 0.01%
445,166
+83,630
+23% +$4.81M
ASNA
1063
DELISTED
Ascena Retail Group, Inc.
ASNA
$25.4M 0.01%
238,065
+37,764
+19% +$5.73M
UFS
1064
DELISTED
DOMTAR CORPORATION (New)
UFS
$25.4M 0.01%
715,953
+20,847
+3% +$768K
X
1065
DELISTED
US Steel
X
$25.4M 0.01%
1,409,425
+300,000
+27% +$6.19M
MUSA icon
1066
Murphy USA
MUSA
$11.2B
$25.4M 0.01%
372,449
-175,055
-32% -$13.1M
WBS icon
1067
Webster Financial
WBS
$12.5B
$25.4M 0.01%
699,139
– –
RLJ icon
1068
RLJ Lodging Trust
RLJ
$1.86B
$25.4M 0.01%
1,262,675
+51,702
+4% +$1.17M
ACAD icon
1069
Acadia Pharmaceuticals
ACAD
$4.43B
$25.3M 0.01%
833,906
+60,066
+8% +$2.04M
HOUS
1070
DELISTED
Anywhere Real Estate
HOUS
$25.3M 0.01%
1,024,068
-78,511
-7% -$2.18M
PVTB
1071
DELISTED
PrivateBancorp Inc
PVTB
$25.3M 0.01%
576,633
– –
THC icon
1072
Tenet Healthcare
THC
$20.5B
$25.2M 0.01%
1,163,843
+199,632
+21% +$5.2M
WGL
1073
DELISTED
Wgl Holdings
WGL
$25.2M 0.01%
420,389
– –
CCJ icon
1074
Cameco
CCJ
$37.6B
$25.1M 0.01%
3,086,791
-63
-0% -$606
BID
1075
DELISTED
Sotheby's
BID
$25.1M 0.01%
692,202
+147,745
+27% +$5.22M
41 42
43
44 45

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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.