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 | |
|---|---|---|---|---|---|---|
|
AF
1601
DELISTED
Astoria Financial Corporation
AF
| $11M | 0.01% |
786,160
-1,305,806
| -62% | -$19.5M |
|
1602
Tower Semiconductor
TSEM
$24.8B
| $10.9M | 0.01% |
758,667
+528,936
| +230% | +$7.64M |
|
|
UNT
1603
DELISTED
UNIT Corporation
UNT
| $10.9M | 0.01% |
615,020
+80,657
| +15% | +$1.24M |
|
|
P
1604
DELISTED
Pandora Media Inc
P
| $10.8M | 0.01% |
792,303
-400,000
| -34% | -$5.4M |
|
|
AKS
1605
DELISTED
AK Steel Holding Corp
AKS
| $10.8M | 0.01% |
2,350,104
+1,023,070
| +77% | +$5.19M |
|
1606
Globus Medical
GMED
$10.7B
| $10.8M | 0.01% |
502,559
-155,040
| -24% | -$3.64M |
|
1607
QuidelOrtho
QDEL
$1.14B
| $10.8M | 0.01% |
512,990
+100,911
| +24% | +$2.15M |
|
1608
Tennant Co
TNC
$1.43B
| $10.8M | 0.01% |
174,589
| – | – |
|
|
CORE
1609
DELISTED
Core Mark Holding Co., Inc.
CORE
| $10.8M | 0.01% |
315,464
+30,522
| +11% | +$1.32M |
|
|
WIRE
1610
DELISTED
Encore Wire Corp
WIRE
| $10.7M | 0.01% |
306,054
+54,714
| +22% | +$2.09M |
|
|
VG
1611
DELISTED
Vonage Holdings Corporation
VG
| $10.7M | 0.01% |
1,700,991
+1,183,881
| +229% | +$7.11M |
|
|
SAGE
1612
DELISTED
Sage Therapeutics
SAGE
| $10.7M | 0.01% |
243,861
+50,000
| +26% | +$2.04M |
|
|
PRFT
1613
DELISTED
Perficient Inc
PRFT
| $10.7M | 0.01% |
555,356
+149,059
| +37% | +$3.07M |
|
1614
Descartes Systems
DSGX
$6.44B
| $10.7M | 0.01% |
520,147
+420,047
| +420% | +$8.6M |
|
|
CALY
1615
Callaway Golf Company
CALY
$3.32B
| $10.7M | 0.01% |
960,623
+80,545
| +9% | +$898K |
|
1616
Strategic Education
STRA
$1.85B
| $10.6M | 0.01% |
238,538
+5,000
| +2% | +$240K |
|
|
RWT
1617
Redwood Trust
RWT
$574M
| $10.6M | 0.01% |
784,933
| – | – |
|
1618
Winnebago Industries
WGO
$856M
| $10.6M | 0.01% |
471,239
+145,018
| +44% | +$3.38M |
|
1619
Weis Markets
WMK
$1.91B
| $10.6M | 0.01% |
209,457
| – | – |
|
|
ISEE
1620
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $10.6M | 0.01% |
239,782
+39,910
| +20% | +$2.25M |
|
1621
Hecla Mining
HL
$9.47B
| $10.6M | 0.01% |
1,938,198
+464,873
| +32% | +$2.84M |
|
1622
TETRA Technologies
TTI
$1.14B
| $10.5M | 0.01% |
1,803,399
+100,000
| +6% | +$608K |
|
|
RAVN
1623
DELISTED
Raven Industries Inc
RAVN
| $10.5M | 0.01% |
477,050
+56,427
| +13% | +$1.22M |
|
|
RSTI
1624
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $10.5M | 0.01% |
341,236
| – | – |
|
1625
Federal Signal
FSS
$7.63B
| $10.5M | 0.01% |
827,666
+28,100
| +4% | +$369K |
|
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.