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 | |
|---|---|---|---|---|---|---|
1876
NN Inc
NNBR
$255M
| $4.81M | ﹤0.01% |
276,005
+64,342
| +30% | +$1.08M |
|
1877
E.W. Scripps
SSP
$257M
| $4.77M | ﹤0.01% |
314,079
+82,484
| +36% | +$1.37M |
|
1878
Vera Bradley
VRA
$97M
| $4.75M | ﹤0.01% |
328,248
-248,639
| -43% | -$3.73M |
|
|
EGRX
1879
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $4.75M | ﹤0.01% |
+71,008
| New | +$3.93M |
|
|
FOE
1880
DELISTED
Ferro Corporation
FOE
| $4.75M | ﹤0.01% |
359,744
-143,200
| -28% | -$1.89M |
|
|
CBB
1881
DELISTED
Cincinnati Bell Inc.
CBB
| $4.71M | ﹤0.01% |
242,013
-10,440
| -4% | -$232K |
|
1882
Vale
VALE
$64.1B
| $4.69M | ﹤0.01% |
892,857
| – | – |
|
1883
Globe Life
GL
$14.2B
| $4.67M | ﹤0.01% |
76,604
| – | – |
|
|
EPZM
1884
DELISTED
Epizyme, Inc
EPZM
| $4.63M | ﹤0.01% |
492,631
| – | – |
|
1885
Enviri
NVRI
$623M
| $4.57M | ﹤0.01% |
481,355
-121,479
| -20% | -$1.16M |
|
1886
MBIA
MBI
$261M
| $4.48M | ﹤0.01% |
602,379
-175,575
| -23% | -$1.38M |
|
1887
Adecoagro
AGRO
$1.44B
| $4.47M | ﹤0.01% |
410,188
-135,000
| -25% | -$1.43M |
|
1888
Marcus & Millichap
MMI
$1.16B
| $4.45M | ﹤0.01% |
178,063
| – | – |
|
|
CUB
1889
DELISTED
Cubic Corporation
CUB
| $4.44M | ﹤0.01% |
99,307
-16,118
| -14% | -$716K |
|
|
CWEN.A
1890
DELISTED
Clearway Energy Class A
CWEN.A
| $4.42M | ﹤0.01% |
283,496
| – | – |
|
1891
3D Systems Corp
DDD
$431M
| $4.41M | ﹤0.01% |
257,010
-26,331
| -9% | -$395K |
|
1892
Ituran Location and Control
ITRN
$1.09B
| $4.4M | ﹤0.01% |
174,103
-92,259
| -35% | -$2.27M |
|
|
AIRM
1893
DELISTED
Air Methods Corp
AIRM
| $4.39M | ﹤0.01% |
146,021
-78,939
| -35% | -$2.69M |
|
1894
Republic Bancorp
RBCAA
$1.95B
| $4.34M | ﹤0.01% |
146,256
| – | – |
|
|
MDC
1895
DELISTED
M.D.C. Holdings, Inc.
MDC
| $4.29M | ﹤0.01% |
241,714
-180,692
| -43% | -$3.36M |
|
|
GHDX
1896
DELISTED
Genomic Health, Inc.
GHDX
| $4.27M | ﹤0.01% |
154,668
+70,576
| +84% | +$1.97M |
|
|
ONIT
1897
Onity Group
ONIT
$309M
| $4.26M | ﹤0.01% |
81,071
+30,487
| +60% | +$1.25M |
|
|
CHUBK
1898
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $4.26M | ﹤0.01% |
+280,573
| New | +$3.97M |
|
|
LNW
1899
DELISTED
Light & Wonder
LNW
| $4.25M | ﹤0.01% |
394,852
+225,000
| +132% | +$2.21M |
|
|
EPAY
1900
DELISTED
Bottomline Technologies Inc
EPAY
| $4.24M | ﹤0.01% |
190,307
+2,418
| +1% | +$53K |
|
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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.