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 | |
|---|---|---|---|---|---|---|
1826
Tredegar Corp
TG
$265M
| $6.18M | ﹤0.01% |
348,047
| – | – |
|
|
CEMP
1827
DELISTED
Cempra, Inc.
CEMP
| $6.13M | ﹤0.01% |
265,197
+64,134
| +32% | +$1.38M |
|
1828
Sabesp
SBS
$19.1B
| $6.11M | ﹤0.01% |
3,562,616
| – | – |
|
|
LHCG
1829
DELISTED
LHC Group LLC
LHCG
| $6.1M | ﹤0.01% |
173,145
+25,660
| +17% | +$1.03M |
|
|
AHT
1830
Ashford Hospitality Trust
AHT
$20.9M
| $6.09M | ﹤0.01% |
1,096
-155
| -12% | -$948K |
|
|
NSM
1831
DELISTED
Nationstar Mortgage Holdings
NSM
| $6.09M | ﹤0.01% |
430,553
+100,000
| +30% | +$1.42M |
|
1832
Merit Medical Systems
MMSI
$5.07B
| $6.09M | ﹤0.01% |
262,391
-155,399
| -37% | -$3.59M |
|
1833
BJ's Restaurants
BJRI
$1.42B
| $6.07M | ﹤0.01% |
178,876
| – | – |
|
1834
National Presto Industries
NPK
$870M
| $6.05M | ﹤0.01% |
72,103
+9,914
| +16% | +$900K |
|
1835
CVR Energy
CVI
$3.58B
| $6.03M | ﹤0.01% |
458,470
+66,006
| +17% | +$948K |
|
1836
AAR Corp
AIR
$5.59B
| $6.02M | ﹤0.01% |
201,322
-60,000
| -23% | -$1.53M |
|
|
GTY
1837
Getty Realty Corp
GTY
$2.11B
| $6.01M | ﹤0.01% |
263,104
| – | – |
|
|
EIGI
1838
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $6.01M | ﹤0.01% |
718,719
+143,306
| +25% | +$1.19M |
|
1839
Tootsie Roll Industries
TR
$2.93B
| $5.95M | ﹤0.01% |
227,235
-194,868
| -46% | -$5.44M |
|
|
ANH
1840
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $5.95M | ﹤0.01% |
1,265,174
-76,566
| -6% | -$375K |
|
1841
Stratasys
SSYS
$679M
| $5.83M | ﹤0.01% |
253,162
-47,214
| -16% | -$1.03M |
|
1842
The Ensign Group
ENSG
$10.4B
| $5.76M | ﹤0.01% |
320,375
+102,164
| +47% | +$1.94M |
|
|
ENV
1843
DELISTED
ENVESTNET, INC.
ENV
| $5.76M | ﹤0.01% |
165,427
| – | – |
|
1844
First Commonwealth Financial
FCF
$2.18B
| $5.74M | ﹤0.01% |
595,367
| – | – |
|
1845
Rush Enterprises Class A
RUSHA
$6.2B
| $5.69M | ﹤0.01% |
547,740
+252,000
| +85% | +$2.59M |
|
1846
Greenlight Captial
GLRE
$552M
| $5.67M | ﹤0.01% |
290,489
| – | – |
|
1847
Tompkins Financial
TMP
$1.43B
| $5.67M | ﹤0.01% |
77,631
| – | – |
|
1848
OR Royalties Inc
OR
$5.58B
| $5.66M | ﹤0.01% |
+541,923
| New | +$6.76M |
|
|
HIFR
1849
DELISTED
InfraREIT, Inc.
HIFR
| $5.65M | ﹤0.01% |
325,959
+115,308
| +55% | +$2.08M |
|
|
DISCK
1850
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $5.64M | ﹤0.01% |
224,591
+210,970
| +1,549% | +$5.23M |
|
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.