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 | |
|---|---|---|---|---|---|---|
1676
AMN Healthcare
AMN
$1.3B
| $9.49M | ﹤0.01% |
311,692
+88,039
| +39% | +$3.34M |
|
1677
Shutterstock
SSTK
$198M
| $9.47M | ﹤0.01% |
155,702
+125,699
| +419% | +$7.23M |
|
|
FCH
1678
DELISTED
Felcor Lodging Trust
FCH
| $9.47M | ﹤0.01% |
1,542,356
-21,900
| -1% | -$143K |
|
|
ONCE
1679
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $9.46M | ﹤0.01% |
164,960
+42,370
| +35% | +$2.44M |
|
1680
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $9.46M | ﹤0.01% |
+400,000
| New | +$9.72M |
|
|
DDC
1681
DELISTED
Dominion Diamond Corporation
DDC
| $9.45M | ﹤0.01% |
1,018,767
-102,295
| -9% | -$918K |
|
1682
AstraZeneca
AZN
$263B
| $9.44M | ﹤0.01% |
150,386
| – | – |
|
|
TYPE
1683
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $9.42M | ﹤0.01% |
446,243
| – | – |
|
|
RP
1684
DELISTED
RealPage, Inc.
RP
| $9.42M | ﹤0.01% |
383,902
+50,000
| +15% | +$1.24M |
|
1685
Franklin Electric
FELE
$4.63B
| $9.39M | ﹤0.01% |
241,474
+12,400
| +5% | +$470K |
|
1686
Resources Connection
RGP
$151M
| $9.38M | ﹤0.01% |
657,713
+134,612
| +26% | +$2.01M |
|
|
CLVS
1687
DELISTED
Clovis Oncology, Inc.
CLVS
| $9.35M | ﹤0.01% |
271,545
+48,972
| +22% | +$1.05M |
|
1688
Super Micro Computer
SMCI
$18.4B
| $9.32M | ﹤0.01% |
4,175,520
+990,700
| +31% | +$2.21M |
|
1689
Matrix Service
MTRX
$326M
| $9.31M | ﹤0.01% |
519,761
+128,366
| +33% | +$2.25M |
|
1690
TherapeuticsMD
TXMD
$23.5M
| $9.31M | ﹤0.01% |
28,634
+9,918
| +53% | +$3.62M |
|
|
MTSC
1691
DELISTED
MTS Systems Corp
MTSC
| $9.29M | ﹤0.01% |
211,320
| – | – |
|
1692
G-III Apparel Group
GIII
$1.54B
| $9.2M | ﹤0.01% |
330,331
+39,207
| +13% | +$1.54M |
|
|
LTXB
1693
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $9.19M | ﹤0.01% |
304,250
| – | – |
|
|
KCG
1694
DELISTED
KCG Holdings, Inc.
KCG
| $9.18M | ﹤0.01% |
619,136
| – | – |
|
|
AYR
1695
DELISTED
Aircastle Ltd
AYR
| $9.14M | ﹤0.01% |
482,054
-35,981
| -7% | -$755K |
|
|
NTUS
1696
DELISTED
Natus Medical Inc
NTUS
| $9.14M | ﹤0.01% |
243,599
-10,000
| -4% | -$399K |
|
1697
Banner Corp
BANR
$2.39B
| $9.11M | ﹤0.01% |
218,151
+5,000
| +2% | +$215K |
|
|
SEM
1698
DELISTED
Select Medical
SEM
| $9.1M | ﹤0.01% |
1,309,891
-835,831
| -39% | -$5.31M |
|
|
AAV
1699
DELISTED
Advantage Oil & Gas Ltd
AAV
| $9.08M | ﹤0.01% |
1,357,892
-51,136
| -4% | -$338K |
|
1700
Hyster-Yale Materials Handling
HY
$599M
| $9.06M | ﹤0.01% |
157,718
| – | – |
|
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.