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 | |
|---|---|---|---|---|---|---|
|
ARR
1701
Armour Residential REIT
ARR
$2.33B
| $9.05M | ﹤0.01% |
84,116
| – | – |
|
|
ELGX
1702
DELISTED
Endologix Inc
ELGX
| $9.04M | ﹤0.01% |
+73,933
| New | +$9.46M |
|
1703
Dave & Buster's
PLAY
$377M
| $9.03M | ﹤0.01% |
241,237
-42,757
| -15% | -$1.89M |
|
|
LXFT
1704
DELISTED
Luxoft Holding, Inc.
LXFT
| $9M | ﹤0.01% |
178,352
| – | – |
|
|
ELNK
1705
DELISTED
EarthLink Holdings Corp.
ELNK
| $9M | ﹤0.01% |
1,519,859
+513,499
| +51% | +$3.32M |
|
|
AXON
1706
Axon Enterprise
AXON
$42.5B
| $8.98M | ﹤0.01% |
328,491
+144,786
| +79% | +$4.02M |
|
1707
Liberty Broadband Class C
LBRDK
$4.88B
| $8.94M | ﹤0.01% |
130,971
+124,405
| +1,895% | +$8.31M |
|
1708
Piper Sandler
PIPR
$5.12B
| $8.93M | ﹤0.01% |
774,632
-153,408
| -17% | -$1.67M |
|
1709
City Holding Co
CHCO
$2.05B
| $8.89M | ﹤0.01% |
185,189
| – | – |
|
1710
Allegiant Air
ALGT
$2.64B
| $8.87M | ﹤0.01% |
70,347
+8,174
| +13% | +$1.11M |
|
1711
Albany International
AIN
$2.11B
| $8.86M | ﹤0.01% |
218,791
| – | – |
|
|
AMAG
1712
DELISTED
AMAG Pharmaceuticals
AMAG
| $8.83M | ﹤0.01% |
377,106
+59,539
| +19% | +$1.49M |
|
1713
Astec Industries
ASTE
$1.16B
| $8.81M | ﹤0.01% |
154,096
-51,648
| -25% | -$3M |
|
1714
California Water Service
CWT
$3.1B
| $8.72M | ﹤0.01% |
284,455
+69,366
| +32% | +$2.24M |
|
|
CCC
1715
DELISTED
Calgon Carbon Corp
CCC
| $8.68M | ﹤0.01% |
598,986
+50,000
| +9% | +$711K |
|
|
ACHN
1716
DELISTED
Achillion Pharmaceuticals
ACHN
| $8.66M | ﹤0.01% |
1,119,496
+355,677
| +47% | +$3.02M |
|
1717
S&T Bancorp
STBA
$1.84B
| $8.65M | ﹤0.01% |
312,548
+27,043
| +9% | +$729K |
|
1718
Apogee Enterprises
APOG
$826M
| $8.65M | ﹤0.01% |
202,579
+44,842
| +28% | +$2.09M |
|
|
KERX
1719
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $8.63M | ﹤0.01% |
1,701,935
| – | – |
|
1720
First Financial Corp
THFF
$958M
| $8.55M | ﹤0.01% |
220,162
| – | – |
|
|
BGC
1721
DELISTED
General Cable Corporation
BGC
| $8.54M | ﹤0.01% |
597,090
-194,400
| -25% | -$2.86M |
|
1722
CorVel
CRVL
$3.06B
| $8.52M | ﹤0.01% |
697,038
-40,200
| -5% | -$557K |
|
|
KRA
1723
DELISTED
Kraton Corporation
KRA
| $8.48M | ﹤0.01% |
253,536
+141,798
| +127% | +$4.54M |
|
1724
FerroAtlántica
GSM
$594M
| $8.44M | ﹤0.01% |
978,379
+124,000
| +15% | +$1.1M |
|
1725
Qualys
QLYS
$5.1B
| $8.41M | ﹤0.01% |
230,592
+32,981
| +17% | +$1.1M |
|
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.