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 | |
|---|---|---|---|---|---|---|
|
ATW
1726
DELISTED
Atwood Oceanics
ATW
| $8.37M | ﹤0.01% |
1,007,858
-7,314
| -0.7% | -$69.4K |
|
|
ALOG
1727
DELISTED
Analogic Corp
ALOG
| $8.34M | ﹤0.01% |
98,492
-24,776
| -20% | -$2.15M |
|
1728
Gentherm
THRM
$1.25B
| $8.32M | ﹤0.01% |
277,181
+31,009
| +13% | +$1.03M |
|
|
AAMI
1729
Acadian Asset Management
AAMI
$3.08B
| $8.31M | ﹤0.01% |
625,693
| – | – |
|
1730
Otter Tail
OTTR
$3.71B
| $8.3M | ﹤0.01% |
251,155
+35,000
| +16% | +$1.21M |
|
1731
Accuray
ARAY
$32M
| $8.29M | ﹤0.01% |
1,362,339
| – | – |
|
1732
American States Water
AWR
$3.36B
| $8.29M | ﹤0.01% |
216,658
-1,844
| -0.8% | -$76.3K |
|
|
HW
1733
DELISTED
Headwaters Inc
HW
| $8.28M | ﹤0.01% |
512,339
+73,966
| +17% | +$1.36M |
|
|
ORIT
1734
DELISTED
Oritani Financial Corp. New
ORIT
| $8.25M | ﹤0.01% |
549,510
-67,307
| -11% | -$1.08M |
|
|
ALDR
1735
DELISTED
Alder Biopharmaceuticals
ALDR
| $8.21M | ﹤0.01% |
262,153
+41,845
| +19% | +$1.27M |
|
1736
Boston Beer
SAM
$1.91B
| $8.19M | ﹤0.01% |
55,212
-10,893
| -16% | -$1.9M |
|
1737
Independent Bank
INDB
$3.99B
| $8.18M | ﹤0.01% |
158,373
-13,101
| -8% | -$667K |
|
1738
Shopify
SHOP
$152B
| $8.15M | ﹤0.01% |
+1,987,320
| New | +$7.58M |
|
|
WAIR
1739
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $8.13M | ﹤0.01% |
633,752
| – | – |
|
1740
Boise Cascade
BCC
$2.69B
| $8.12M | ﹤0.01% |
334,767
-50,000
| -13% | -$1.28M |
|
|
FTD
1741
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $8.11M | ﹤0.01% |
412,716
+64,364
| +18% | +$1.54M |
|
|
FFIC
1742
DELISTED
Flushing Financial
FFIC
| $8.1M | ﹤0.01% |
357,294
| – | – |
|
1743
First Bancorp
FBP
$4.42B
| $8.09M | ﹤0.01% |
1,627,833
-363,206
| -18% | -$1.68M |
|
|
APOL
1744
DELISTED
Apollo Education Group Inc Class A
APOL
| $8.06M | ﹤0.01% |
1,062,124
| – | – |
|
1745
Regis Corp
RGS
$68.4M
| $8.03M | ﹤0.01% |
33,481
| – | – |
|
|
EGL
1746
DELISTED
Engility Holdings, Inc.
EGL
| $8.01M | ﹤0.01% |
266,367
+137,441
| +107% | +$4.03M |
|
|
SWC
1747
DELISTED
Stillwater Mining Co
SWC
| $8M | ﹤0.01% |
627,208
+105,377
| +20% | +$1.41M |
|
|
UHT
1748
Universal Health Realty Income Trust
UHT
$603M
| $7.98M | ﹤0.01% |
132,557
| – | – |
|
1749
Repligen
RGEN
$7.96B
| $7.98M | ﹤0.01% |
276,667
| – | – |
|
1750
Enpro
NPO
$6.63B
| $7.94M | ﹤0.01% |
146,367
-52,187
| -26% | -$2.68M |
|
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.