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 | |
|---|---|---|---|---|---|---|
1801
1st Source
SRCE
$2.16B
| $6.81M | ﹤0.01% |
199,691
| – | – |
|
|
PDLI
1802
DELISTED
PDL BioPharma, Inc.
PDLI
| $6.8M | ﹤0.01% |
2,125,988
+302,500
| +17% | +$960K |
|
|
OSB
1803
DELISTED
Norbord Inc.
OSB
| $6.8M | ﹤0.01% |
277,612
| – | – |
|
1804
Powell Industries
POWL
$7.6B
| $6.77M | ﹤0.01% |
530,709
+75,000
| +16% | +$957K |
|
1805
Gran Tierra Energy
GTE
$265M
| $6.74M | ﹤0.01% |
234,845
-2,500
| -1% | -$71.7K |
|
|
IMPV
1806
DELISTED
Imperva, Inc.
IMPV
| $6.71M | ﹤0.01% |
130,827
+30,426
| +30% | +$1.41M |
|
1807
FormFactor
FORM
$8.28B
| $6.65M | ﹤0.01% |
641,484
+123,237
| +24% | +$1.24M |
|
|
DCOM
1808
DELISTED
Dime Community Bancshares
DCOM
| $6.64M | ﹤0.01% |
414,560
+107,788
| +35% | +$1.87M |
|
|
INFN
1809
DELISTED
Infinera Corporation Common Stock
INFN
| $6.63M | ﹤0.01% |
769,126
-171,807
| -18% | -$1.66M |
|
1810
National CineMedia
NCMI
$376M
| $6.6M | ﹤0.01% |
46,961
| – | – |
|
1811
Scorpio Tankers
STNG
$3.9B
| $6.59M | ﹤0.01% |
156,794
+3,605
| +2% | +$173K |
|
|
SUP
1812
DELISTED
Superior Industries International
SUP
| $6.58M | ﹤0.01% |
236,355
| – | – |
|
|
TWOU
1813
DELISTED
2U Inc
TWOU
| $6.58M | ﹤0.01% |
+5,995
| New | +$6.26M |
|
1814
RH
RH
$3.13B
| $6.55M | ﹤0.01% |
198,357
+88,699
| +81% | +$2.82M |
|
|
AD
1815
Array Digital Infrastructure
AD
$3.01B
| $6.55M | ﹤0.01% |
188,693
| – | – |
|
|
KYNB
1816
Kyntra Bio
KYNB
$27.2M
| $6.54M | ﹤0.01% |
13,227
+334
| +3% | +$157K |
|
1817
Forestar Group
FOR
$1.44B
| $6.51M | ﹤0.01% |
581,956
+452,687
| +350% | +$5.47M |
|
1818
Andersons Inc
ANDE
$2.41B
| $6.45M | ﹤0.01% |
186,717
| – | – |
|
1819
Simmons First National
SFNC
$3.41B
| $6.45M | ﹤0.01% |
270,570
+18,000
| +7% | +$432K |
|
1820
Nordic American Tanker
NAT
$1.38B
| $6.45M | ﹤0.01% |
672,934
-60,480
| -8% | -$703K |
|
|
HT
1821
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $6.31M | ﹤0.01% |
366,563
| – | – |
|
1822
Globant
GLOB
$1.58B
| $6.3M | ﹤0.01% |
156,685
+117,471
| +300% | +$4.8M |
|
1823
United Parks & Resorts
PRKS
$2.1B
| $6.28M | ﹤0.01% |
487,986
-155,022
| -24% | -$2.12M |
|
1824
Cohen & Steers
CNS
$4.23B
| $6.24M | ﹤0.01% |
152,789
+25,000
| +20% | +$1.06M |
|
|
CYBR
1825
DELISTED
CyberArk
CYBR
| $6.19M | ﹤0.01% |
130,729
-10,000
| -7% | -$532K |
|
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.