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 | |
|---|---|---|---|---|---|---|
1626
Grand Canyon Education
LOPE
$3.79B
| $10.5M | 0.01% |
271,676
-25,000
| -8% | -$1.04M |
|
|
BOBE
1627
DELISTED
Bob Evans Farms, Inc.
BOBE
| $10.4M | ﹤0.01% |
285,331
+25,846
| +10% | +$974K |
|
1628
Biglari Holdings Class B
BH
$1.25B
| $10.4M | ﹤0.01% |
37,398
+7,374
| +25% | +$2.1M |
|
|
TDAY
1629
USA Today Co
TDAY
$1.27B
| $10.4M | ﹤0.01% |
699,776
+148,822
| +27% | +$2.56M |
|
1630
St. Joe Company
JOE
$3.54B
| $10.3M | ﹤0.01% |
588,899
+8,500
| +1% | +$158K |
|
1631
Artisan Partners
APAM
$2.79B
| $10.3M | ﹤0.01% |
395,359
| – | – |
|
1632
TTEC Holdings
TTEC
$121M
| $10.3M | ﹤0.01% |
370,757
| – | – |
|
1633
First Hawaiian
FHB
$3.38B
| $10.3M | ﹤0.01% |
+400,000
| New | +$10.5M |
|
|
EPIQ
1634
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $10.3M | ﹤0.01% |
650,948
+250,201
| +62% | +$3.99M |
|
|
PHH
1635
DELISTED
PHH Corporation
PHH
| $10.2M | ﹤0.01% |
740,815
+50,000
| +7% | +$733K |
|
1636
Boyd Gaming
BYD
$6.18B
| $10.2M | ﹤0.01% |
541,070
| – | – |
|
|
SONC
1637
DELISTED
Sonic Corp
SONC
| $10.2M | ﹤0.01% |
408,800
| – | – |
|
1638
Metallus
MTUS
$838M
| $10.2M | ﹤0.01% |
1,023,589
-34,000
| -3% | -$338K |
|
|
LCI
1639
DELISTED
Lannett Company, Inc.
LCI
| $10.1M | ﹤0.01% |
99,634
+30,292
| +44% | +$3.7M |
|
1640
Liberty Latin America Class C
LILAK
$1.63B
| $10.1M | ﹤0.01% |
440,770
-181,871
| -29% | -$4.87M |
|
|
BNCL
1641
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $10.1M | ﹤0.01% |
719,172
-112,356
| -14% | -$1.59M |
|
1642
Green Dot
GDOT
$743M
| $10.1M | ﹤0.01% |
457,958
| – | – |
|
|
LTRPA
1643
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $10M | ﹤0.01% |
480,207
-40,200
| -8% | -$879K |
|
1644
Petrobras Class A
PBR.A
$111B
| $9.99M | ﹤0.01% |
1,258,403
| – | – |
|
1645
First Majestic Silver
AG
$7.41B
| $9.98M | ﹤0.01% |
1,015,097
-387,025
| -28% | -$5.67M |
|
|
BKS
1646
DELISTED
Barnes & Noble
BKS
| $9.96M | ﹤0.01% |
923,220
+584,165
| +172% | +$7.05M |
|
1647
Forward Air
FWRD
$444M
| $9.93M | ﹤0.01% |
240,343
| – | – |
|
1648
Scansource
SCSC
$1.15B
| $9.9M | ﹤0.01% |
284,111
| – | – |
|
1649
Korn Ferry
KFY
$4.18B
| $9.9M | ﹤0.01% |
493,687
-50,766
| -9% | -$1.16M |
|
1650
Hyatt Hotels
H
$16.4B
| $9.89M | ﹤0.01% |
210,355
| – | – |
|
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.