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 | |
|---|---|---|---|---|---|---|
1751
Azenta
AZTA
$1.3B
| $7.91M | ﹤0.01% |
608,117
| – | – |
|
|
GIMO
1752
DELISTED
Gigamon Inc.
GIMO
| $7.88M | ﹤0.01% |
+150,567
| New | +$6.84M |
|
1753
ATN International
ATNI
$366M
| $7.88M | ﹤0.01% |
126,797
| – | – |
|
|
TLRD
1754
DELISTED
Tailored Brands, Inc.
TLRD
| $7.87M | ﹤0.01% |
524,504
-50,945
| -9% | -$742K |
|
|
ARII
1755
DELISTED
American Railcar Industries, Inc.
ARII
| $7.84M | ﹤0.01% |
197,902
| – | – |
|
|
NRE
1756
DELISTED
NorthStar Realty Europe Corp.
NRE
| $7.83M | ﹤0.01% |
748,909
-50,000
| -6% | -$491K |
|
|
CPE
1757
DELISTED
Callon Petroleum Company
CPE
| $7.83M | ﹤0.01% |
52,208
+35,208
| +207% | +$4.66M |
|
|
PRO
1758
DELISTED
PROS Holdings
PRO
| $7.75M | ﹤0.01% |
358,802
+352,455
| +5,553% | +$6.76M |
|
1759
Magnite
MGNI
$2.76B
| $7.74M | ﹤0.01% |
978,421
+296,027
| +43% | +$3.15M |
|
|
SAFE
1760
Safehold
SAFE
$1.16B
| $7.72M | ﹤0.01% |
154,864
| – | – |
|
|
ISCA
1761
DELISTED
International Speedway Corp
ISCA
| $7.69M | ﹤0.01% |
241,054
+79,328
| +49% | +$2.69M |
|
|
ZEN
1762
DELISTED
ZENDESK INC
ZEN
| $7.69M | ﹤0.01% |
262,276
+5,747
| +2% | +$171K |
|
1763
BancFirst
BANF
$3.79B
| $7.69M | ﹤0.01% |
222,036
+78,118
| +54% | +$2.6M |
|
|
PLKI
1764
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $7.63M | ﹤0.01% |
150,437
| – | – |
|
|
ATCO
1765
DELISTED
Atlas Corp.
ATCO
| $7.62M | ﹤0.01% |
549,614
+43,157
| +9% | +$622K |
|
1766
Atlanta Braves Holdings Series A
BATRA
$3.49B
| $7.6M | ﹤0.01% |
456,183
| – | – |
|
1767
CBIZ
CBZ
$2.99B
| $7.57M | ﹤0.01% |
708,521
+160,121
| +29% | +$1.78M |
|
1768
Arcos Dorados Holdings
ARCO
$1.72B
| $7.54M | ﹤0.01% |
1,540,102
-411,871
| -21% | -$2.14M |
|
1769
Matador Resources
MTDR
$6.2B
| $7.52M | ﹤0.01% |
323,483
-61,398
| -16% | -$1.35M |
|
|
TBRG
1770
DELISTED
TruBridge
TBRG
| $7.49M | ﹤0.01% |
300,984
+169,987
| +130% | +$5.34M |
|
1771
Advanced Drainage Systems
WMS
$10.6B
| $7.49M | ﹤0.01% |
325,728
+99,445
| +44% | +$2.53M |
|
|
CSR
1772
Centerspace
CSR
$921M
| $7.46M | ﹤0.01% |
131,312
| – | – |
|
|
HEES
1773
DELISTED
H&E Equipment Services
HEES
| $7.46M | ﹤0.01% |
465,993
+226,000
| +94% | +$3.88M |
|
1774
SiriusPoint
SPNT
$2.75B
| $7.4M | ﹤0.01% |
645,848
+98,484
| +18% | +$1.23M |
|
1775
Werner Enterprises
WERN
$2.24B
| $7.37M | ﹤0.01% |
331,785
+77,721
| +31% | +$1.85M |
|
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.