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 | |
|---|---|---|---|---|---|---|
1401
Designer Brands
DBI
$307M
| $15.5M | 0.01% |
793,047
-62,564
| -7% | -$1.47M |
|
1402
Progress Software
PRGS
$1.66B
| $15.5M | 0.01% |
596,679
| – | – |
|
1403
AMERISAFE
AMSF
$543M
| $15.5M | 0.01% |
275,811
| – | – |
|
1404
Fossil Group
FOSL
$293M
| $15.5M | 0.01% |
583,596
+36,447
| +7% | +$1.08M |
|
1405
TTM Technologies
TTMI
$12B
| $15.4M | 0.01% |
1,412,498
+287,161
| +26% | +$2.84M |
|
|
HSNI
1406
DELISTED
HSN, Inc.
HSNI
| $15.4M | 0.01% |
404,994
+21,710
| +6% | +$986K |
|
|
PFPT
1407
DELISTED
Proofpoint, Inc.
PFPT
| $15.4M | 0.01% |
215,173
+63,275
| +42% | +$4.67M |
|
|
HRG
1408
DELISTED
HRG Group, Inc.
HRG
| $15.4M | 0.01% |
1,023,881
+88,451
| +9% | +$1.34M |
|
|
VWR
1409
DELISTED
VWR Corporation
VWR
| $15.3M | 0.01% |
564,617
-66,448
| -11% | -$1.93M |
|
|
GK
1410
DELISTED
G&K Services Inc
GK
| $15.3M | 0.01% |
167,681
-45,308
| -21% | -$4.01M |
|
1411
Matthews International
MATW
$866M
| $15.3M | 0.01% |
263,261
+15,000
| +6% | +$901K |
|
1412
United Fire Group
UFCS
$1.32B
| $15.3M | 0.01% |
377,408
+45,463
| +14% | +$1.94M |
|
1413
Pan American Silver
PAAS
$18.2B
| $15.2M | 0.01% |
907,911
-62,505
| -6% | -$1.17M |
|
|
RPT
1414
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $15.2M | 0.01% |
851,562
+64,895
| +8% | +$1.25M |
|
1415
Colliers International
CIGI
$5.04B
| $15.2M | 0.01% |
380,454
+11,870
| +3% | +$484K |
|
|
PCH
1416
DELISTED
PotlatchDeltic
PCH
| $15.2M | 0.01% |
409,859
+27,559
| +7% | +$1.03M |
|
|
SLCA
1417
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $15.2M | 0.01% |
342,309
+113,113
| +49% | +$4.41M |
|
1418
LiveRamp
RAMP
$2.3B
| $15.2M | 0.01% |
597,200
+76,000
| +15% | +$1.88M |
|
|
PKY
1419
DELISTED
Parkway, Inc.
PKY
| $15.2M | 0.01% |
935,350
+122,600
| +15% | +$2.13M |
|
1420
Glacier Bancorp
GBCI
$6.42B
| $15.2M | 0.01% |
557,487
-50,000
| -8% | -$1.41M |
|
1421
Provident Financial Services
PFS
$3.22B
| $15.2M | 0.01% |
748,399
| – | – |
|
1422
Abercrombie & Fitch
ANF
$4.42B
| $15.2M | 0.01% |
999,615
+461,969
| +86% | +$8.92M |
|
1423
Methode Electronics
MEI
$496M
| $15.2M | 0.01% |
453,730
+29,500
| +7% | +$1.04M |
|
|
ASRT
1424
DELISTED
Assertio
ASRT
| $15.1M | 0.01% |
10,571
+2,388
| +29% | +$3M |
|
1425
NBT Bancorp
NBTB
$2.74B
| $15.1M | 0.01% |
481,901
| – | – |
|
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.