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 | |
|---|---|---|---|---|---|---|
|
WBMD
1576
DELISTED
WebMD Health Corp.
WBMD
| $11.4M | 0.01% |
240,383
-50,200
| -17% | -$2.77M |
|
|
ZNGA
1577
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $11.4M | 0.01% |
4,103,305
-690,481
| -14% | -$1.92M |
|
1578
Cogent Communications
CCOI
$676M
| $11.4M | 0.01% |
323,436
+109,785
| +51% | +$4.24M |
|
1579
Emergent Biosolutions
EBS
$373M
| $11.3M | 0.01% |
376,506
+63,000
| +20% | +$1.83M |
|
1580
Clearwater Paper
CLW
$339M
| $11.3M | 0.01% |
183,541
| – | – |
|
1581
Scholastic
SCHL
$767M
| $11.3M | 0.01% |
301,513
+50,000
| +20% | +$2.01M |
|
|
TBI
1582
Trueblue
TBI
$215M
| $11.3M | 0.01% |
523,077
+24,556
| +5% | +$536K |
|
1583
Oxford Industries
OXM
$566M
| $11.3M | 0.01% |
174,369
| – | – |
|
1584
Ethan Allen Interiors
ETD
$570M
| $11.3M | 0.01% |
376,725
| – | – |
|
|
PRSU
1585
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $11.2M | 0.01% |
319,366
+25,000
| +8% | +$869K |
|
1586
Eagle Bancorp
EGBN
$846M
| $11.2M | 0.01% |
238,378
+33,440
| +16% | +$1.68M |
|
|
LQ
1587
DELISTED
La Quinta Holdings Inc.
LQ
| $11.2M | 0.01% |
1,051,404
-1,107,174
| -51% | -$12.9M |
|
|
FNGN
1588
DELISTED
Financial Engines, Inc.
FNGN
| $11.2M | 0.01% |
394,194
-77,496
| -16% | -$2.25M |
|
1589
Agios Pharmaceuticals
AGIO
$1.79B
| $11.2M | 0.01% |
221,697
| – | – |
|
|
BRKL
1590
DELISTED
Brookline Bancorp
BRKL
| $11.2M | 0.01% |
960,123
+61,700
| +7% | +$716K |
|
1591
Saia
SAIA
$9.27B
| $11.2M | 0.01% |
390,196
| – | – |
|
|
XLRN
1592
DELISTED
Acceleron Pharma
XLRN
| $11.2M | 0.01% |
322,652
+132,736
| +70% | +$4.4M |
|
|
NVRO
1593
DELISTED
NEVRO CORP.
NVRO
| $11.1M | 0.01% |
111,688
+41,819
| +60% | +$3.78M |
|
1594
Precigen
PGEN
$2.24B
| $11.1M | 0.01% |
419,833
+99,938
| +31% | +$2.64M |
|
|
TSG
1595
DELISTED
The Stars Group Inc.
TSG
| $11.1M | 0.01% |
719,232
| – | – |
|
|
CSOD
1596
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $11.1M | 0.01% |
252,708
-44,215
| -15% | -$1.94M |
|
|
AVP
1597
DELISTED
Avon Products, Inc.
AVP
| $11M | 0.01% |
2,040,651
-1,486,154
| -42% | -$7.42M |
|
1598
Ingevity
NGVT
$2.51B
| $11M | 0.01% |
249,597
-18,067
| -7% | -$763K |
|
1599
Community Health Systems
CYH
$393M
| $11M | 0.01% |
995,978
| – | – |
|
|
BLOX
1600
DELISTED
Infoblox Inc
BLOX
| $11M | 0.01% |
435,851
-95,000
| -18% | -$2M |
|
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.