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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
XXIA
1451
DELISTED
Ixia
XXIA
$14.5M 0.01%
1,215,570
-147,618
-11% -$1.69M
CEB
1452
DELISTED
CEB Inc.
CEB
$14.5M 0.01%
278,833
– –
CHSP
1453
DELISTED
Chesapeake Lodging Trust
CHSP
$14.5M 0.01%
663,045
+56,300
+9% +$1.39M
RDUS
1454
DELISTED
Radius Recycling
RDUS
$14.4M 0.01%
723,161
+174,636
+32% +$3.33M
RSPP
1455
DELISTED
RSP Permian, Inc.
RSPP
$14.4M 0.01%
389,719
-96,154
-20% -$3.56M
SHEN icon
1456
Shenandoah Telecom
SHEN
$664M
$14.4M 0.01%
554,485
+57,475
+12% +$1.84M
OFIX icon
1457
Orthofix Medical
OFIX
$477M
$14.4M 0.01%
344,882
+156,546
+83% +$6.99M
WBT
1458
DELISTED
Welbilt, Inc.
WBT
$14.3M 0.01%
926,034
+11,392
+1% +$195K
GRP.U
1459
DELISTED
Granite Real Estate Investment Trust
GRP.U
$14.3M 0.01%
491,652
– –
FLOW
1460
DELISTED
SPX FLOW, Inc.
FLOW
$14.3M 0.01%
484,602
+40,956
+9% +$1.14M
CYS
1461
DELISTED
CYS Investments Inc.
CYS
$14.3M 0.01%
1,715,784
+34
+0% +$299
EXPR
1462
DELISTED
Express, Inc.
EXPR
$14.3M 0.01%
63,364
+4,256
+7% +$1.15M
DORM icon
1463
Dorman Products
DORM
$3.98B
$14.3M 0.01%
233,594
+22,580
+11% +$1.39M
DOOR
1464
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
$14.2M 0.01%
239,659
+18,128
+8% +$1.22M
TPH
1465
DELISTED
Tri Pointe Homes
TPH
$14.2M 0.01%
1,124,891
-314,477
-22% -$4.16M
MDR
1466
DELISTED
McDermott International
MDR
$14.1M 0.01%
985,234
+613,887
+165% +$9.18M
BOKF icon
1467
BOK Financial
BOKF
$8.58B
$14.1M 0.01%
213,353
-38,620
-15% -$2.56M
FMBI
1468
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$13.9M 0.01%
753,559
– –
DBRG icon
1469
DigitalBridge
DBRG
$2.93B
$13.9M 0.01%
281,686
+20,492
+8% +$976K
CDE icon
1470
Coeur Mining
CDE
$15.4B
$13.9M 0.01%
1,227,035
+1,148,047
+1,453% +$15.7M
ROCK icon
1471
Gibraltar Industries
ROCK
$1.25B
$13.8M 0.01%
390,121
– –
BKI
1472
DELISTED
Black Knight, Inc. Common Stock
BKI
$13.8M 0.01%
354,236
+159,360
+82% +$6.24M
RNST icon
1473
Renasant Corp
RNST
$3.98B
$13.8M 0.01%
430,421
– –
GLNG icon
1474
Golar LNG
GLNG
$5B
$13.8M 0.01%
681,826
+46,816
+7% +$894K
BP icon
1475
BP
BP
$116B
$13.8M 0.01%
488,135
+8,711
+2% +$253K
57 58
59
60 61

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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.