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 | |
|---|---|---|---|---|---|---|
1351
SouthState Bank Corp
SSB
$10.2B
| $16.6M | 0.01% |
232,001
+24,390
| +12% | +$1.79M |
|
1352
Wolfspeed
WOLF
$1.23B
| $16.6M | 0.01% |
674,845
-125,060
| -16% | -$3.23M |
|
|
CBL
1353
DELISTED
CBL& Associates Properties, Inc.
CBL
| $16.6M | 0.01% |
1,429,755
| – | – |
|
|
ECHO
1354
EchoStar
ECHO
$24.4B
| $16.6M | 0.01% |
488,120
-6,170
| -1% | -$195K |
|
|
XHR
1355
Xenia Hotels & Resorts
XHR
$1.9B
| $16.5M | 0.01% |
1,141,435
| – | – |
|
1356
Element Solutions
ESI
$8.95B
| $16.5M | 0.01% |
2,131,061
+1,211,365
| +132% | +$10.8M |
|
1357
La-Z-Boy
LZB
$1.58B
| $16.5M | 0.01% |
701,613
+167,917
| +31% | +$4.73M |
|
|
SF
1358
Stifel
SF
$12.6B
| $16.5M | 0.01% |
1,007,951
-318,512
| -24% | -$5.12M |
|
|
HMHC
1359
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $16.4M | 0.01% |
1,283,907
| – | – |
|
|
AAT
1360
American Assets Trust
AAT
$1.45B
| $16.4M | 0.01% |
396,555
| – | – |
|
|
ALEX
1361
DELISTED
Alexander & Baldwin
ALEX
| $16.4M | 0.01% |
445,950
| – | – |
|
|
DO
1362
DELISTED
Diamond Offshore Drilling
DO
| $16.4M | 0.01% |
972,409
| – | – |
|
|
NYRT
1363
DELISTED
New York REIT, Inc.
NYRT
| $16.3M | 0.01% |
186,895
| – | – |
|
|
AXE
1364
DELISTED
Anixter International Inc
AXE
| $16.3M | 0.01% |
265,083
| – | – |
|
1365
Northwest Bancshares
NWBI
$2.3B
| $16.3M | 0.01% |
1,087,560
+176,100
| +19% | +$2.68M |
|
|
GOV
1366
DELISTED
Government Properties Income Trust
GOV
| $16.3M | 0.01% |
755,259
+66,979
| +10% | +$1.57M |
|
1367
Dillards
DDS
$9.19B
| $16.3M | 0.01% |
270,679
-70,740
| -21% | -$4.42M |
|
|
SCS
1368
DELISTED
Steelcase
SCS
| $16.2M | 0.01% |
1,221,382
+261,761
| +27% | +$3.74M |
|
|
ESGR
1369
DELISTED
Enstar Group
ESGR
| $16.2M | 0.01% |
103,097
| – | – |
|
|
AMWD
1370
DELISTED
American Woodmark
AMWD
| $16.1M | 0.01% |
209,823
+37,656
| +22% | +$2.94M |
|
1371
News Corp Class B
NWS
$16.9B
| $16.1M | 0.01% |
1,188,858
| – | – |
|
|
PAY
1372
DELISTED
Verifone Systems Inc
PAY
| $16.1M | 0.01% |
1,073,918
| – | – |
|
|
AL
1373
DELISTED
Air Lease Corp
AL
| $16.1M | 0.01% |
590,006
-22,732
| -4% | -$644K |
|
1374
Ironwood Pharmaceuticals
IRWD
$696M
| $16.1M | 0.01% |
1,266,287
+362,747
| +40% | +$4.24M |
|
|
STL
1375
DELISTED
Sterling Bancorp
STL
| $16M | 0.01% |
959,808
| – | – |
|
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.