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 | |
|---|---|---|---|---|---|---|
|
INVN
1851
DELISTED
Invensense Inc
INVN
| $5.62M | ﹤0.01% |
793,314
-142,457
| -15% | -$1.01M |
|
1852
PENN Entertainment
PENN
$2.75B
| $5.6M | ﹤0.01% |
432,280
+66,357
| +18% | +$934K |
|
1853
Team
TISI
$79.5M
| $5.6M | ﹤0.01% |
17,912
+9,903
| +124% | +$2.93M |
|
1854
Alaunos Therapeutics
TCRT
$4.59M
| $5.58M | ﹤0.01% |
6,924
+2,058
| +42% | +$1.65M |
|
1855
TriMas Corp
TRS
$1.43B
| $5.58M | ﹤0.01% |
314,184
| – | – |
|
1856
Community Trust Bancorp
CTBI
$1.42B
| $5.57M | ﹤0.01% |
157,179
+4,000
| +3% | +$144K |
|
|
ECOL
1857
DELISTED
US Ecology, Inc.
ECOL
| $5.54M | ﹤0.01% |
129,280
-17,600
| -12% | -$794K |
|
1858
Badger Meter
BMI
$3.89B
| $5.52M | ﹤0.01% |
172,462
| – | – |
|
1859
Caesarstone
CSTE
$72.3M
| $5.4M | ﹤0.01% |
150,008
-26,715
| -15% | -$1.01M |
|
1860
RingCentral
RNG
$4.66B
| $5.32M | ﹤0.01% |
235,303
+2,776
| +1% | +$62.8K |
|
|
TRST
1861
Trustco Bank Corp NY
TRST
$970M
| $5.31M | ﹤0.01% |
156,741
| – | – |
|
1862
GoPro
GPRO
$130M
| $5.29M | ﹤0.01% |
331,818
-255,343
| -43% | -$3.51M |
|
1863
Virtus Investment Partners
VRTS
$1.06B
| $5.23M | ﹤0.01% |
55,960
-15,071
| -21% | -$1.32M |
|
1864
Novavax
NVAX
$1.2B
| $5.2M | ﹤0.01% |
130,951
+18,546
| +16% | +$2.39M |
|
1865
Green Plains
GPRE
$1.18B
| $5.17M | ﹤0.01% |
206,461
-99,194
| -32% | -$2.32M |
|
|
KND
1866
DELISTED
Kindred Healthcare
KND
| $5.14M | ﹤0.01% |
526,159
-410,812
| -44% | -$4.56M |
|
|
BLD
1867
DELISTED
TopBuild
BLD
| $5.1M | ﹤0.01% |
160,749
| – | – |
|
|
HTO
1868
H2O America
HTO
$2.57B
| $5.09M | ﹤0.01% |
121,943
+666
| +0.5% | +$27.7K |
|
|
RATE
1869
DELISTED
Bankrate Inc
RATE
| $5.07M | ﹤0.01% |
626,132
-50,000
| -7% | -$398K |
|
1870
Washington Trust Bancorp
WASH
$743M
| $5.03M | ﹤0.01% |
130,945
| – | – |
|
1871
CONMED
CNMD
$1.39B
| $5.02M | ﹤0.01% |
131,219
-161,114
| -55% | -$6.84M |
|
1872
Chegg
CHGG
$110M
| $4.99M | ﹤0.01% |
736,900
+266,900
| +57% | +$1.71M |
|
1873
Sunrun
RUN
$2.34B
| $4.91M | ﹤0.01% |
816,061
+432,856
| +113% | +$2.43M |
|
1874
Group 1 Automotive
GPI
$3.42B
| $4.91M | ﹤0.01% |
80,402
-84,911
| -51% | -$5.01M |
|
|
STFC
1875
DELISTED
State Auto Financial Corp
STFC
| $4.89M | ﹤0.01% |
215,031
+25,000
| +13% | +$574K |
|
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.