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 | |
|---|---|---|---|---|---|---|
1076
Sinclair Inc
SBGI
$992M
| $25.1M | 0.01% |
910,470
+148,817
| +20% | +$4.31M |
|
1077
Fulton Financial
FULT
$4.66B
| $25.1M | 0.01% |
1,807,727
-106,000
| -6% | -$1.49M |
|
|
ARGO
1078
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $25M | 0.01% |
534,536
+60,925
| +13% | +$2.89M |
|
1079
Sunstone Hotel Investors
SHO
$2.19B
| $25M | 0.01% |
2,043,743
-82,917
| -4% | -$1.09M |
|
1080
Kirby Corp
KEX
$7.01B
| $25M | 0.01% |
420,386
-108,500
| -21% | -$6.23M |
|
|
LNCE
1081
DELISTED
Snyders-Lance, Inc.
LNCE
| $24.9M | 0.01% |
775,632
-4,172
| -0.5% | -$145K |
|
|
CHMT
1082
DELISTED
Chemtura Corporation
CHMT
| $24.9M | 0.01% |
793,049
-444,375
| -36% | -$12.8M |
|
1083
Arista Networks
ANET
$227B
| $24.8M | 0.01% |
4,879,504
-3,488,384
| -42% | -$16.6M |
|
|
CRAY
1084
DELISTED
Cray, Inc.
CRAY
| $24.7M | 0.01% |
1,099,635
+82,103
| +8% | +$2.09M |
|
1085
Cable One
CABO
$227M
| $24.6M | 0.01% |
44,015
-3,236
| -7% | -$1.75M |
|
1086
H.B. Fuller
FUL
$2.97B
| $24.4M | 0.01% |
550,586
-49,655
| -8% | -$2.3M |
|
1087
Bloomin' Brands
BLMN
$741M
| $24.4M | 0.01% |
1,481,627
+261,196
| +21% | +$4.84M |
|
|
FINL
1088
DELISTED
Finish Line
FINL
| $24.3M | 0.01% |
1,101,363
+7,500
| +0.7% | +$170K |
|
|
SAFM
1089
DELISTED
Sanderson Farms Inc
SAFM
| $24.2M | 0.01% |
263,365
+31,000
| +13% | +$2.84M |
|
1090
Zillow
Z
$7.79B
| $24.2M | 0.01% |
731,801
+206,084
| +39% | +$7.37M |
|
1091
Hancock Whitney
HWC
$6.2B
| $24.2M | 0.01% |
781,388
-136,205
| -15% | -$4.12M |
|
1092
Selective Insurance
SIGI
$5.65B
| $24.2M | 0.01% |
635,709
+26,300
| +4% | +$1.03M |
|
|
CCP
1093
DELISTED
Care Capital Properties, Inc.
CCP
| $24.2M | 0.01% |
888,801
-48,400
| -5% | -$1.4M |
|
1094
Northern Trust
NTRS
$33.3B
| $24.1M | 0.01% |
371,490
-67,702
| -15% | -$4.6M |
|
1095
HubSpot
HUBS
$12.2B
| $24.1M | 0.01% |
437,968
+162,340
| +59% | +$8.81M |
|
1096
LPL Financial
LPLA
$28.3B
| $24.1M | 0.01% |
843,026
+25,948
| +3% | +$702K |
|
|
AKRX
1097
DELISTED
Akorn Inc
AKRX
| $24.1M | 0.01% |
923,990
+187,348
| +25% | +$5.55M |
|
|
MDCO
1098
DELISTED
Medicines Co
MDCO
| $24M | 0.01% |
665,846
+93,102
| +16% | +$3.51M |
|
|
MZTI
1099
The Marzetti Company
MZTI
$2.93B
| $24M | 0.01% |
189,893
| – | – |
|
|
CHS
1100
DELISTED
Chicos FAS, Inc.
CHS
| $23.9M | 0.01% |
2,106,161
+210,003
| +11% | +$2.48M |
|
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.