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 | |
|---|---|---|---|---|---|---|
|
POLY
1176
DELISTED
Plantronics, Inc.
POLY
| $22M | 0.01% |
442,910
| – | – |
|
|
QTS
1177
DELISTED
QTS REALTY TRUST, INC.
QTS
| $22M | 0.01% |
435,278
| – | – |
|
1178
Groupon
GRPN
$1.05B
| $22M | 0.01% |
223,312
| – | – |
|
|
VTLE
1179
DELISTED
Vital Energy
VTLE
| $22M | 0.01% |
89,124
+9,000
| +11% | +$2.05M |
|
|
GPOR
1180
DELISTED
Gulfport Energy Corp.
GPOR
| $22M | 0.01% |
813,648
-3,455
| -0.4% | -$98.5K |
|
1181
Lumentum
LITE
$55.5B
| $21.9M | 0.01% |
549,232
+201,155
| +58% | +$6.62M |
|
|
AFSI
1182
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $21.9M | 0.01% |
854,185
-28,870
| -3% | -$741K |
|
|
SGI
1183
Somnigroup International
SGI
$13.7B
| $21.9M | 0.01% |
1,614,128
+126,704
| +9% | +$2.26M |
|
1184
Eldorado Gold
EGO
$7.87B
| $21.8M | 0.01% |
1,163,085
-5,536
| -0.5% | -$114K |
|
1185
XPO
XPO
$23.5B
| $21.8M | 0.01% |
1,795,616
+262,327
| +17% | +$2.97M |
|
1186
The Mosaic Company
MOS
$7.03B
| $21.7M | 0.01% |
930,798
-247,949
| -21% | -$6.76M |
|
1187
Kite Realty
KRG
$5.81B
| $21.7M | 0.01% |
821,199
| – | – |
|
1188
International Bancshares
IBOC
$4.76B
| $21.7M | 0.01% |
763,770
+131,735
| +21% | +$3.74M |
|
1189
Helen of Troy
HELE
$644M
| $21.7M | 0.01% |
263,867
+14,892
| +6% | +$1.4M |
|
1190
Penske Automotive Group
PAG
$14.3B
| $21.7M | 0.01% |
471,592
-27,846
| -6% | -$1.16M |
|
1191
Valley National Bancorp
VLY
$7.9B
| $21.7M | 0.01% |
2,333,925
+123,295
| +6% | +$1.15M |
|
1192
Generac Holdings
GNRC
$11.6B
| $21.7M | 0.01% |
625,013
+85,356
| +16% | +$3.09M |
|
|
INVX
1193
Innovex International
INVX
$1.96B
| $21.7M | 0.01% |
406,903
| – | – |
|
|
MRC
1194
DELISTED
MRC Global
MRC
| $21.7M | 0.01% |
1,379,794
+22,206
| +2% | +$318K |
|
1195
Meritage Homes
MTH
$4.58B
| $21.6M | 0.01% |
1,303,472
| – | – |
|
|
DGI
1196
DELISTED
DigitalGlobe Inc.
DGI
| $21.6M | 0.01% |
821,402
+19,866
| +2% | +$509K |
|
1197
Coherent
COHR
$51.4B
| $21.5M | 0.01% |
923,998
+146,889
| +19% | +$3.11M |
|
1198
Ryman Hospitality Properties
RHP
$8.43B
| $21.5M | 0.01% |
466,728
| – | – |
|
|
SYNH
1199
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $21.4M | 0.01% |
503,666
+56,206
| +13% | +$2.44M |
|
1200
Stantec
STN
$8.04B
| $21.4M | 0.01% |
956,606
+29,082
| +3% | +$698K |
|
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.