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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.56%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$212B
AUM Growth
+$1.12B
Cap. Flow
+$2.17B
Cap. Flow %
1.02%
Top 10 Hldgs %
14.27%
Holding
2,233
New
58
Increased
931
Reduced
669
Closed
85

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$510M
2
APTV icon
Aptiv
APTV
+$358M
3
LYB icon
LyondellBasell Industries
LYB
+$345M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$290M
5
NXPI icon
NXP Semiconductors
NXPI
+$195M

Top Sells

Rank Stock Value
1
EMC
EMC CORPORATION
EMC
+$479M
2
DUK icon
Duke Energy
DUK
+$392M
3
VZ icon
Verizon
VZ
+$261M
4
CCI icon
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
NWE icon
1326
NorthWestern Energy
NWE
$4.23B
$17.3M 0.01%
314,814
– –
BHP icon
1327
BHP
BHP
$215B
$17.3M 0.01%
585,106
– –
ERF
1328
DELISTED
Enerplus Corporation
ERF
$17.2M 0.01%
2,817,140
-122,910
-4% -$805K
BTG icon
1329
B2Gold
BTG
$5B
$17.2M 0.01%
6,879,002
+187,018
+3% +$556K
ESND
1330
DELISTED
Essendant Inc.
ESND
$17.2M 0.01%
877,017
+135,000
+18% +$2.98M
KNL
1331
DELISTED
Knoll, Inc.
KNL
$17.2M 0.01%
786,986
+52,186
+7% +$1.3M
ALL icon
1332
Allstate
ALL
$68B
$17.1M 0.01%
259,205
-58,472
-18% -$4.03M
DECK icon
1333
Deckers Outdoor
DECK
$13.2B
$17.1M 0.01%
1,803,726
-133,452
-7% -$1.4M
VYX icon
1334
NCR Voyix
VYX
$1.14B
$17.1M 0.01%
905,388
-299,348
-25% -$5.89M
INGN icon
1335
Inogen
INGN
$175M
$17M 0.01%
297,879
+295,654
+13,288% +$16.5M
DCH
1336
Dauch Corp
DCH
$1.34B
$17M 0.01%
1,034,133
+85,000
+9% +$1.43M
EVTC icon
1337
Evertec
EVTC
$1.88B
$16.9M 0.01%
1,056,066
+194,844
+23% +$3.26M
WAGE
1338
DELISTED
WageWorks, Inc.
WAGE
$16.9M 0.01%
290,268
– –
LGF
1339
DELISTED
Lions Gate Entertainment
LGF
$16.9M 0.01%
883,988
+175,840
+25% +$3.6M
ACCO icon
1340
Acco Brands
ACCO
$389M
$16.9M 0.01%
1,831,436
+150,000
+9% +$1.54M
SYKE
1341
DELISTED
SYKES Enterprises Inc
SYKE
$16.8M 0.01%
627,038
+41,412
+7% +$1.23M
AROC icon
1342
Archrock
AROC
$6.27B
$16.8M 0.01%
1,348,479
+205,071
+18% +$2.2M
ENTG icon
1343
Entegris
ENTG
$18.1B
$16.8M 0.01%
1,012,454
-77,000
-7% -$1.26M
PLCE icon
1344
Children's Place
PLCE
$54.3M
$16.8M 0.01%
220,386
+41,676
+23% +$3.43M
MNTA
1345
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$16.8M 0.01%
1,504,994
+100,000
+7% +$1.18M
FIT
1346
DELISTED
Fitbit, Inc. Class A common stock
FIT
$16.8M 0.01%
1,185,511
+848,197
+251% +$12.4M
STAG icon
1347
STAG Industrial
STAG
$7.38B
$16.7M 0.01%
714,969
– –
BHE icon
1348
Benchmark Electronics
BHE
$2.87B
$16.7M 0.01%
701,094
+16,632
+2% +$394K
IPXL
1349
DELISTED
Impax Laboratories, Inc.
IPXL
$16.7M 0.01%
737,642
+80,071
+12% +$2.15M
KALU icon
1350
Kaiser Aluminum
KALU
$2.61B
$16.7M 0.01%
201,941
+14,400
+8% +$1.24M
52 53
54
55 56

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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.