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 | |
|---|---|---|---|---|---|---|
1201
Bright Horizons
BFAM
$3.92B
| $21.4M | 0.01% |
335,311
| – | – |
|
1202
Old National Bancorp
ONB
$10.2B
| $21.4M | 0.01% |
1,593,732
+15,000
| +1% | +$202K |
|
1203
First Solar
FSLR
$22.7B
| $21.4M | 0.01% |
567,148
-271,872
| -32% | -$11.3M |
|
|
CAA
1204
DELISTED
CalAtlantic Group, Inc.
CAA
| $21.4M | 0.01% |
669,248
-36,864
| -5% | -$1.35M |
|
1205
Hope Bancorp
HOPE
$1.79B
| $21.4M | 0.01% |
1,288,166
+386,376
| +43% | +$6.26M |
|
|
LXK
1206
DELISTED
Lexmark Intl Inc
LXK
| $21.4M | 0.01% |
559,386
| – | – |
|
1207
Maximus
MMS
$3.17B
| $21.3M | 0.01% |
395,055
-42,487
| -10% | -$2.47M |
|
1208
Commercial Metals
CMC
$7.6B
| $21.3M | 0.01% |
1,379,691
| – | – |
|
|
ILG
1209
DELISTED
ILG, Inc Common Stock
ILG
| $21.3M | 0.01% |
1,299,265
-120,192
| -8% | -$2.08M |
|
1210
Prothena Corp
PRTA
$425M
| $21.3M | 0.01% |
371,553
+41,500
| +13% | +$2.23M |
|
1211
Silicon Laboratories
SLAB
$7.17B
| $21.1M | 0.01% |
375,637
+44,546
| +13% | +$2.41M |
|
|
TIVO
1212
DELISTED
Tivo Inc
TIVO
| $21.1M | 0.01% |
1,132,948
+242,517
| +27% | +$4.79M |
|
1213
HUB Group
HUBG
$2.85B
| $21.1M | 0.01% |
1,082,088
| – | – |
|
|
RICE
1214
DELISTED
Rice Energy Inc.
RICE
| $21M | 0.01% |
842,591
+106,406
| +14% | +$2.64M |
|
|
NUAN
1215
DELISTED
Nuance Communications, Inc.
NUAN
| $21M | 0.01% |
1,751,690
-537,817
| -23% | -$7.05M |
|
1216
ICL Group
ICL
$6.53B
| $21M | 0.01% |
5,641,771
-579,651
| -9% | -$2.35M |
|
|
VIVO
1217
DELISTED
Meridian Bioscience Inc
VIVO
| $20.9M | 0.01% |
1,136,022
| – | – |
|
|
NE
1218
DELISTED
Noble Corporation
NE
| $20.9M | 0.01% |
3,448,860
-294,925
| -8% | -$1.98M |
|
|
JNS
1219
DELISTED
Janus Capital Group Inc
JNS
| $20.8M | 0.01% |
1,558,004
| – | – |
|
1220
Under Armour
UAA
$2.84B
| $20.8M | 0.01% |
563,659
+25,354
| +5% | +$1.02M |
|
|
KW
1221
DELISTED
Kennedy-Wilson Holdings
KW
| $20.8M | 0.01% |
966,547
-63,176
| -6% | -$1.34M |
|
1222
EPAM Systems
EPAM
$5.51B
| $20.8M | 0.01% |
313,947
+19,687
| +7% | +$1.34M |
|
1223
HEICO Corp
HEI
$49.8B
| $20.8M | 0.01% |
766,726
+564,502
| +279% | +$15.9M |
|
|
RDC
1224
DELISTED
Rowan Companies Plc
RDC
| $20.7M | 0.01% |
1,432,416
-111,401
| -7% | -$1.63M |
|
1225
Telephone and Data Systems
TDS
$3.82B
| $20.7M | 0.01% |
798,301
| – | – |
|
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.