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 | |
|---|---|---|---|---|---|---|
126
eBay
EBAY
$50.6B
| $324M | 0.15% |
10,298,853
-4,052,035
| -28% | -$122M |
|
127
Dominion Energy
D
$61.2B
| $322M | 0.15% |
4,544,883
| – | – |
|
128
Cigna
CI
$74.5B
| $320M | 0.15% |
2,573,730
| – | – |
|
129
FedEx
FDX
$73.1B
| $312M | 0.15% |
1,871,152
-206,014
| -10% | -$33.7M |
|
130
PayPal
PYPL
$49B
| $311M | 0.15% |
7,939,391
-448,542
| -5% | -$17.2M |
|
131
Viatris
VTRS
$20.5B
| $308M | 0.15% |
7,748,337
+4,002,220
| +107% | +$178M |
|
132
Regeneron Pharmaceuticals
REGN
$78.3B
| $305M | 0.14% |
795,534
+83,194
| +12% | +$33.4M |
|
133
Elevance Health
ELV
$81.6B
| $304M | 0.14% |
2,540,020
| – | – |
|
134
McKesson
MCK
$101B
| $303M | 0.14% |
1,904,076
-37,761
| -2% | -$7.04M |
|
135
NVIDIA
NVDA
$4.85T
| $302M | 0.14% |
184,365,760
-33,429,480
| -15% | -$49.4M |
|
136
Canadian Natural Resources
CNQ
$99.6B
| $300M | 0.14% |
20,110,098
+246,761
| +1% | +$3.75M |
|
|
APC
137
DELISTED
Anadarko Petroleum
APC
| $299M | 0.14% |
4,936,080
+367,550
| +8% | +$20.5M |
|
138
TC Energy
TRP
$70.4B
| $298M | 0.14% |
6,589,629
+956,132
| +17% | +$44.7M |
|
139
Exelon
EXC
$47B
| $297M | 0.14% |
13,097,274
+20,272
| +0.2% | +$509K |
|
140
Nucor
NUE
$58.7B
| $296M | 0.14% |
6,272,825
+781,467
| +14% | +$39.8M |
|
141
Kilroy Realty
KRC
$4.52B
| $296M | 0.14% |
4,470,686
| – | – |
|
142
Canadian National Railway
CNI
$76.8B
| $293M | 0.14% |
4,698,424
-950,066
| -17% | -$60M |
|
|
TFCFA
143
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $290M | 0.14% |
12,521,191
-889,351
| -7% | -$22.7M |
|
144
Ford
F
$58.5B
| $289M | 0.14% |
25,068,879
-4,265,517
| -15% | -$53.8M |
|
145
Simon Property Group
SPG
$74.7B
| $286M | 0.14% |
1,446,395
+13,701
| +1% | +$2.97M |
|
146
Boston Scientific
BSX
$69.1B
| $286M | 0.14% |
12,577,461
+2,179,597
| +21% | +$52M |
|
147
General Mills
GIS
$19.1B
| $286M | 0.14% |
4,681,861
| – | – |
|
|
YHOO
148
DELISTED
Yahoo Inc
YHOO
| $284M | 0.13% |
6,892,746
-909,586
| -12% | -$37.3M |
|
149
Automatic Data Processing
ADP
$106B
| $282M | 0.13% |
3,342,486
-489,497
| -13% | -$44.4M |
|
150
Edison International
EIX
$28.6B
| $279M | 0.13% |
4,038,638
| – | – |
|
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.