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 | |
|---|---|---|---|---|---|---|
|
PIR
1776
DELISTED
Pier 1 Imports, Inc.
PIR
| $7.36M | ﹤0.01% |
90,806
+28,545
| +46% | +$2.69M |
|
|
ACOR
1777
DELISTED
Acorda Therapeutics
ACOR
| $7.3M | ﹤0.01% |
3,051
+244
| +9% | +$728K |
|
1778
National Beverage
FIZZ
$2.96B
| $7.28M | ﹤0.01% |
346,200
+44,542
| +15% | +$1.2M |
|
1779
Usana Health Sciences
USNA
$408M
| $7.27M | ﹤0.01% |
110,044
| – | – |
|
1780
OraSure Technologies
OSUR
$279M
| $7.25M | ﹤0.01% |
952,677
+231,213
| +32% | +$1.72M |
|
1781
Westamerica Bancorp
WABC
$1.38B
| $7.25M | ﹤0.01% |
149,093
| – | – |
|
|
FOLD
1782
DELISTED
Amicus Therapeutics
FOLD
| $7.2M | ﹤0.01% |
1,018,862
+167,832
| +20% | +$1.13M |
|
|
MSGN
1783
DELISTED
MSG Networks Inc.
MSGN
| $7.2M | ﹤0.01% |
404,876
| – | – |
|
|
UBA
1784
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $7.18M | ﹤0.01% |
338,534
+97,742
| +41% | +$2.28M |
|
1785
Adtran
ADTN
$689M
| $7.18M | ﹤0.01% |
392,974
| – | – |
|
|
STMP
1786
DELISTED
Stamps.com, Inc.
STMP
| $7.18M | ﹤0.01% |
79,546
+28,019
| +54% | +$2.43M |
|
1787
CTS Corp
CTS
$1.83B
| $7.17M | ﹤0.01% |
403,599
| – | – |
|
1788
Innoviva
INVA
$1.55B
| $7.15M | ﹤0.01% |
680,806
+89,047
| +15% | +$1.04M |
|
1789
Atlassian
TEAM
$25.6B
| $7.12M | ﹤0.01% |
+248,862
| New | +$7.28M |
|
|
CDR
1790
DELISTED
Cedar Realty Trust, Inc
CDR
| $7.12M | ﹤0.01% |
156,954
+49,038
| +45% | +$2.45M |
|
|
BSFT
1791
DELISTED
BroadSoft, Inc.
BSFT
| $7.07M | ﹤0.01% |
159,015
+21,915
| +16% | +$978K |
|
|
MINI
1792
DELISTED
Mobile Mini Inc
MINI
| $7.05M | ﹤0.01% |
244,514
-76,110
| -24% | -$2.41M |
|
|
PVG
1793
DELISTED
PRETIUM RESOURCES INC.
PVG
| $7M | ﹤0.01% |
715,453
+222,200
| +45% | +$2.48M |
|
1794
Griffon
GFF
$3.95B
| $6.97M | ﹤0.01% |
428,937
| – | – |
|
|
VSI
1795
DELISTED
Vitamin Shoppe Inc.
VSI
| $6.96M | ﹤0.01% |
271,314
| – | – |
|
1796
Quanex
NX
$819M
| $6.96M | ﹤0.01% |
422,005
+25,000
| +6% | +$483K |
|
|
EBIX
1797
DELISTED
Ebix Inc
EBIX
| $6.94M | ﹤0.01% |
127,752
+17,100
| +15% | +$935K |
|
|
TVTY
1798
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $6.93M | ﹤0.01% |
274,082
+20,074
| +8% | +$405K |
|
|
RESI
1799
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $6.85M | ﹤0.01% |
658,163
| – | – |
|
|
SALE
1800
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $6.84M | ﹤0.01% |
724,625
-303,891
| -30% | -$3.07M |
|
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.