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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.56%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$212B
AUM Growth
+$1.12B
Cap. Flow
+$2.17B
Cap. Flow %
1.02%
Top 10 Hldgs %
14.27%
Holding
2,233
New
58
Increased
931
Reduced
669
Closed
85

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$510M
2
APTV icon
Aptiv
APTV
+$358M
3
LYB icon
LyondellBasell Industries
LYB
+$345M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$290M
5
NXPI icon
NXP Semiconductors
NXPI
+$195M

Top Sells

Rank Stock Value
1
EMC
EMC CORPORATION
EMC
+$479M
2
DUK icon
Duke Energy
DUK
+$392M
3
VZ icon
Verizon
VZ
+$261M
4
CCI icon
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
DD icon
151
DuPont de Nemours
DD
$18.5B
$278M 0.13%
2,214,775
-17,304
-0.8% -$2.31M
VLO icon
152
Valero Energy
VLO
$92.6B
$274M 0.13%
5,404,461
– –
MET icon
153
MetLife
MET
$62B
$273M 0.13%
7,209,870
+251,858
+4% +$9.47M
WY icon
154
Weyerhaeuser
WY
$17.8B
$271M 0.13%
8,892,119
-417,805
-4% -$13.2M
EW icon
155
Edwards Lifesciences
EW
$49.8B
$270M 0.13%
7,023,999
+1,923,384
+38% +$72.4M
CME icon
156
CME Group
CME
$96.4B
$267M 0.13%
2,676,824
+79,428
+3% +$8.29M
SLG icon
157
SL Green Realty
SLG
$3.74B
$266M 0.13%
2,663,688
– –
EMR icon
158
Emerson Electric
EMR
$84.2B
$265M 0.13%
5,084,183
-121,824
-2% -$6.53M
DD
159
DELISTED
Du Pont De Nemours E I
DD
$264M 0.12%
4,126,646
-62,804
-1% -$4.27M
NSC icon
160
Norfolk Southern
NSC
$75.8B
$262M 0.12%
2,829,041
+57,767
+2% +$5.26M
GM icon
161
General Motors
GM
$80.1B
$261M 0.12%
8,586,002
-2,654,667
-24% -$82.9M
WM icon
162
Waste Management
WM
$90.4B
$260M 0.12%
4,271,598
+83,323
+2% +$5.45M
AMAT icon
163
Applied Materials
AMAT
$409B
$260M 0.12%
9,023,919
+343,207
+4% +$9.58M
CTSH icon
164
Cognizant
CTSH
$24.9B
$260M 0.12%
5,702,106
+523,623
+10% +$29.8M
CM icon
165
Canadian Imperial Bank of Commerce
CM
$108B
$260M 0.12%
7,024,210
-212,168
-3% -$8.17M
SYK icon
166
Stryker
SYK
$126B
$256M 0.12%
2,302,723
-8,292
-0.4% -$966K
GS icon
167
Goldman Sachs
GS
$301B
$255M 0.12%
1,656,954
-488,944
-23% -$79.5M
KR icon
168
Kroger
KR
$35.4B
$255M 0.12%
8,991,345
+303,593
+3% +$10.1M
S
169
DELISTED
Sprint Corporation
S
$255M 0.12%
40,219,559
+14,999,000
+59% +$88.9M
BN icon
170
Brookfield
BN
$105B
$254M 0.12%
21,251,177
-64,259
-0.3% -$787K
COF icon
171
Capital One
COF
$128B
$254M 0.12%
3,704,458
-255,502
-6% -$17.5M
SE
172
DELISTED
Spectra Energy Corp Wi
SE
$253M 0.12%
6,198,625
-1,407,069
-19% -$53.6M
NFLX icon
173
Netflix
NFLX
$298B
$253M 0.12%
26,830,050
-876,720
-3% -$8.37M
PCG icon
174
PG&E
PCG
$38.5B
$252M 0.12%
4,319,683
+7,878
+0.2% +$500K
RACE icon
175
Ferrari
RACE
$69.2B
$251M 0.12%
5,581,674
+2,706,402
+94% +$126M
5 6
7
8 9

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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.