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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
MORN icon
1426
Morningstar
MORN
$7.22B
$15.1M 0.01%
199,526
– –
TFSL icon
1427
TFS Financial
TFSL
$5.16B
$15.1M 0.01%
887,555
+11,305
+1% +$203K
KAMN
1428
DELISTED
Kaman Corp
KAMN
$15.1M 0.01%
359,496
– –
CEL
1429
DELISTED
Cellcom Israel, Ltd.
CEL
$15M 0.01%
2,105,716
– –
CLS icon
1430
Celestica
CLS
$38.1B
$15M 0.01%
1,454,786
-112,381
-7% -$1.18M
SWBI icon
1431
Smith & Wesson
SWBI
$651M
$15M 0.01%
+768,403
New +$16.8M
CADE
1432
DELISTED
Cadence Bank
CADE
$15M 0.01%
676,663
-59,099
-8% -$1.41M
GDDY icon
1433
GoDaddy
GDDY
$11B
$15M 0.01%
454,396
+65,191
+17% +$2.08M
RYAM icon
1434
Rayonier Advanced Materials
RYAM
$604M
$15M 0.01%
1,171,647
+327,642
+39% +$4.23M
MNDT
1435
DELISTED
Mandiant, Inc. Common Stock
MNDT
$15M 0.01%
1,062,748
+310,972
+41% +$4.78M
BGC icon
1436
BGC Group
BGC
$5.45B
$14.9M 0.01%
2,778,490
+542,119
+24% +$3.1M
MYGN icon
1437
Myriad Genetics
MYGN
$270M
$14.8M 0.01%
755,045
+86,975
+13% +$2.21M
FIX icon
1438
Comfort Systems
FIX
$60.9B
$14.8M 0.01%
529,989
+152,420
+40% +$4.53M
ESNT icon
1439
Essent Group
ESNT
$6.08B
$14.8M 0.01%
583,239
– –
ATI icon
1440
ATI
ATI
$25.6B
$14.8M 0.01%
857,942
+220,661
+35% +$3.66M
LXRX icon
1441
Lexicon Pharmaceuticals
LXRX
$1.03B
$14.8M 0.01%
856,915
+76,426
+10% +$1.23M
HOLI
1442
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$14.7M 0.01%
694,228
+122,500
+21% +$2.5M
GZT
1443
DELISTED
Gazit-globe Ltd
GZT
$14.7M 0.01%
1,503,400
– –
LOGM
1444
DELISTED
LogMein, Inc.
LOGM
$14.7M 0.01%
170,078
+62,147
+58% +$4.98M
WDR
1445
DELISTED
Waddell & Reed Financial, Inc.
WDR
$14.6M 0.01%
844,530
– –
CAB
1446
DELISTED
Cabela's Inc
CAB
$14.6M 0.01%
278,434
– –
MNRO icon
1447
Monro
MNRO
$383M
$14.6M 0.01%
249,665
-7,142
-3% -$433K
WDFC icon
1448
WD-40
WDFC
$3.05B
$14.6M 0.01%
135,771
+27,303
+25% +$3.19M
MIC
1449
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$14.5M 0.01%
+182,781
New +$14.5M
WEB
1450
DELISTED
Web.com Group, Inc.
WEB
$14.5M 0.01%
880,828
+334,272
+61% +$5.99M
56 57
58
59 60

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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.