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 | |
|---|---|---|---|---|---|---|
1276
Kemper
KMPR
$1.67B
| $19M | 0.01% |
505,286
+20,000
| +4% | +$720K |
|
|
GWB
1277
DELISTED
Great Western Bancorp, Inc.
GWB
| $18.9M | 0.01% |
594,710
| – | – |
|
1278
United Natural Foods
UNFI
$3.08B
| $18.9M | 0.01% |
494,658
| – | – |
|
|
LPNT
1279
DELISTED
LifePoint Health, Inc.
LPNT
| $18.9M | 0.01% |
333,850
-96,200
| -22% | -$5.77M |
|
|
JUNO
1280
DELISTED
Juno Therapeutics, Inc.
JUNO
| $18.8M | 0.01% |
657,282
+77,229
| +13% | +$2.4M |
|
1281
U-Haul Holding Co
UHAL
$13.9B
| $18.8M | 0.01% |
606,170
-26,560
| -4% | -$949K |
|
1282
New York Times
NYT
$12.1B
| $18.7M | 0.01% |
1,641,835
+51,957
| +3% | +$658K |
|
|
MEG
1283
DELISTED
Media General, Inc
MEG
| $18.7M | 0.01% |
1,063,842
+145,364
| +16% | +$2.58M |
|
1284
Ligand Pharmaceuticals
LGND
$5.76B
| $18.7M | 0.01% |
307,627
+21,387
| +7% | +$1.57M |
|
1285
First Financial Bankshares
FFIN
$5.04B
| $18.7M | 0.01% |
1,073,698
-20,000
| -2% | -$352K |
|
1286
Caleres
CAL
$431M
| $18.7M | 0.01% |
772,611
+153,040
| +25% | +$3.89M |
|
|
MORE
1287
DELISTED
Monogram Residential Trust, Inc.
MORE
| $18.6M | 0.01% |
1,833,842
+104,500
| +6% | +$1.09M |
|
1288
Pebblebrook Hotel Trust
PEB
$2.15B
| $18.5M | 0.01% |
726,877
+41,802
| +6% | +$1.2M |
|
|
SSRI
1289
DELISTED
Silver Standard Resources
SSRI
| $18.5M | 0.01% |
1,603,338
+308,152
| +24% | +$4.16M |
|
1290
Capitol Federal Financial
CFFN
$1.09B
| $18.4M | 0.01% |
1,368,677
+240,064
| +21% | +$3.39M |
|
|
RDUS
1291
DELISTED
Radius Health, Inc.
RDUS
| $18.4M | 0.01% |
355,474
+18,351
| +5% | +$933K |
|
1292
Semtech
SMTC
$11B
| $18.3M | 0.01% |
692,425
-42,018
| -6% | -$1.08M |
|
1293
Flowers Foods
FLO
$1.49B
| $18.3M | 0.01% |
1,269,045
-507,400
| -29% | -$8.41M |
|
1294
Liberty Latin America Class A
LILA
$1.64B
| $18.3M | 0.01% |
1,085,135
-779
| -0.1% | -$15.4K |
|
1295
Molina Healthcare
MOH
$10.2B
| $18.3M | 0.01% |
328,303
-53,033
| -14% | -$2.92M |
|
1296
Texas Capital Bancshares
TCBI
$4.3B
| $18.3M | 0.01% |
348,566
-59,455
| -15% | -$3M |
|
1297
Simpson Manufacturing
SSD
$7.72B
| $18.2M | 0.01% |
433,043
+40,217
| +10% | +$1.71M |
|
1298
Home BancShares
HOMB
$6.23B
| $18.1M | 0.01% |
913,162
| – | – |
|
|
PDS
1299
Precision Drilling
PDS
$999M
| $18.1M | 0.01% |
227,824
-26,091
| -10% | -$2.29M |
|
|
JBTM
1300
JBT Marel
JBTM
$7.21B
| $18.1M | 0.01% |
268,613
+7,592
| +3% | +$508K |
|
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.