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 | |
|---|---|---|---|---|---|---|
1526
Employers Holdings
EIG
$908M
| $12.5M | 0.01% |
437,068
| – | – |
|
|
MAGN
1527
Magnera Corp
MAGN
$472M
| $12.4M | 0.01% |
46,200
-1,700
| -4% | -$473K |
|
1528
Greif
GEF
$4.92B
| $12.4M | 0.01% |
262,537
-343,841
| -57% | -$14.7M |
|
1529
Lithia Motors
LAD
$8.47B
| $12.4M | 0.01% |
136,279
-7,050
| -5% | -$593K |
|
|
CNSL
1530
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $12.4M | 0.01% |
513,845
| – | – |
|
|
FNFV
1531
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $12.3M | 0.01% |
1,031,450
| – | – |
|
|
GNC
1532
DELISTED
GNC Holdings, Inc.
GNC
| $12.3M | 0.01% |
630,158
-51,065
| -7% | -$1.12M |
|
|
FLTX
1533
DELISTED
Fleetmatics Group PLC
FLTX
| $12.3M | 0.01% |
213,940
| – | – |
|
1534
First Financial Bancorp
FFBC
$3.55B
| $12.2M | 0.01% |
586,963
+10,000
| +2% | +$212K |
|
1535
Watts Water Technologies
WTS
$11.5B
| $12.2M | 0.01% |
196,324
+64,669
| +49% | +$4.06M |
|
1536
ESCO Technologies
ESE
$8.17B
| $12.2M | 0.01% |
274,142
+32,327
| +13% | +$1.43M |
|
1537
Ambarella
AMBA
$3.77B
| $12.1M | 0.01% |
172,795
+74,837
| +76% | +$4.69M |
|
1538
ICU Medical
ICUI
$4.21B
| $12.1M | 0.01% |
100,501
-8,386
| -8% | -$1.01M |
|
|
AVX
1539
DELISTED
AVX Corporation
AVX
| $12.1M | 0.01% |
918,841
+25,600
| +3% | +$349K |
|
1540
Babcock & Wilcox
BW
$1.39B
| $12.1M | 0.01% |
76,704
-2,000
| -3% | -$321K |
|
1541
Safety Insurance
SAFT
$1.52B
| $12.1M | 0.01% |
187,823
| – | – |
|
1542
Zillow
ZG
$7.94B
| $12.1M | 0.01% |
366,372
-27,586
| -7% | -$989K |
|
|
CRZO
1543
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $12.1M | 0.01% |
310,632
-11,890
| -4% | -$426K |
|
1544
Community Bank
CBU
$3.41B
| $12M | 0.01% |
262,124
| – | – |
|
|
PINC
1545
DELISTED
Premier
PINC
| $12M | 0.01% |
389,666
+28,000
| +8% | +$907K |
|
1546
WesBanco
WSBC
$3.97B
| $12M | 0.01% |
383,121
+41,527
| +12% | +$1.32M |
|
|
AVTA
1547
DELISTED
Avantax, Inc. Common Stock
AVTA
| $12M | 0.01% |
1,122,811
+92,936
| +9% | +$1.03M |
|
1548
OneMain Financial
OMF
$7.2B
| $12M | 0.01% |
405,131
| – | – |
|
1549
Materion
MTRN
$4.39B
| $12M | 0.01% |
408,249
| – | – |
|
1550
Trex
TREX
$4.51B
| $12M | 0.01% |
853,756
-820,928
| -49% | -$11.4M |
|
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.