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 | |
|---|---|---|---|---|---|---|
1126
Timken Company
TKR
$9.56B
| $23.3M | 0.01% |
692,831
-61,824
| -8% | -$2.04M |
|
1127
Jack in the Box
JACK
$312M
| $23.2M | 0.01% |
253,584
-11,152
| -4% | -$1.06M |
|
1128
Commault Systems
CVLT
$4.88B
| $23.2M | 0.01% |
457,628
-18,814
| -4% | -$946K |
|
|
VRNT
1129
DELISTED
Verint Systems
VRNT
| $23.2M | 0.01% |
1,267,436
+111,659
| +10% | +$2.01M |
|
1130
MGIC Investment
MTG
$6.16B
| $23.2M | 0.01% |
3,036,277
-600,125
| -17% | -$4.46M |
|
|
WLL
1131
DELISTED
Whiting Petroleum Corporation
WLL
| $23.2M | 0.01% |
9,257
+2,445
| +36% | +$5.73M |
|
1132
Oil States International
OIS
$489M
| $23.2M | 0.01% |
768,767
-32,133
| -4% | -$988K |
|
|
CUDA
1133
DELISTED
Barracuda Networks, Inc.
CUDA
| $23.1M | 0.01% |
949,688
+421,001
| +80% | +$9.24M |
|
|
NRF
1134
DELISTED
NorthStar Realty Finance Corp.
NRF
| $23.1M | 0.01% |
1,832,860
-93,836
| -5% | -$1.21M |
|
1135
CNA Financial
CNA
$14.2B
| $23.1M | 0.01% |
701,447
-15,807
| -2% | -$513K |
|
1136
RLI Corp
RLI
$5.62B
| $23M | 0.01% |
705,740
+59,192
| +9% | +$2.04M |
|
1137
Horace Mann Educators
HMN
$2.1B
| $23M | 0.01% |
657,235
+4,786
| +0.7% | +$169K |
|
|
VRE
1138
DELISTED
Veris Residential
VRE
| $22.9M | 0.01% |
882,234
+24,166
| +3% | +$669K |
|
|
GTLS
1139
DELISTED
Chart Industries
GTLS
| $22.9M | 0.01% |
730,391
+62,148
| +9% | +$1.8M |
|
|
BECN
1140
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $22.9M | 0.01% |
569,817
| – | – |
|
1141
LCI Industries
LCII
$2.49B
| $22.9M | 0.01% |
244,155
+30,349
| +14% | +$2.88M |
|
|
PRAH
1142
DELISTED
PRA Health Sciences, Inc.
PRAH
| $22.8M | 0.01% |
423,169
| – | – |
|
1143
New Jersey Resources
NJR
$5.84B
| $22.8M | 0.01% |
727,467
-73,155
| -9% | -$2.59M |
|
1144
Cooper-Standard Automotive
CPS
$523M
| $22.8M | 0.01% |
241,751
+3,940
| +2% | +$371K |
|
1145
Visteon
VC
$2.79B
| $22.8M | 0.01% |
332,571
-62,844
| -16% | -$4.39M |
|
|
SKX
1146
DELISTED
Skechers
SKX
| $22.7M | 0.01% |
1,040,067
-47,698
| -4% | -$1.21M |
|
|
ELME
1147
Elme Communities
ELME
$143M
| $22.7M | 0.01% |
765,015
+96,157
| +14% | +$3.12M |
|
1148
Ubiquiti
UI
$33.7B
| $22.7M | 0.01% |
444,613
-18,453
| -4% | -$886K |
|
|
WCC
1149
WESCO International
WCC
$16.7B
| $22.6M | 0.01% |
385,314
-264,385
| -41% | -$15.2M |
|
|
EFOR
1150
Everforth Inc
EFOR
$1.17B
| $22.6M | 0.01% |
652,444
+263,800
| +68% | +$9.81M |
|
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.