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 | |
|---|---|---|---|---|---|---|
|
MACK
1901
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $4.21M | ﹤0.01% |
88,158
+21,135
| +32% | +$877K |
|
1902
TriNet
TNET
$3.02B
| $4.19M | ﹤0.01% |
202,926
-50,000
| -20% | -$1.06M |
|
|
TRK
1903
DELISTED
Speedway Motorsports, Inc.
TRK
| $4.18M | ﹤0.01% |
245,349
| – | – |
|
1904
Myers Industries
MYE
$1.29B
| $4.1M | ﹤0.01% |
330,806
| – | – |
|
|
ITCI
1905
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $4.09M | ﹤0.01% |
280,850
+83,850
| +43% | +$3.39M |
|
1906
White Mountains Insurance
WTM
$5.2B
| $4.08M | ﹤0.01% |
+5,148
| New | +$4.24M |
|
1907
Koppers
KOP
$943M
| $4.05M | ﹤0.01% |
131,919
+20,000
| +18% | +$631K |
|
1908
Heartland Express
HTLD
$948M
| $4.03M | ﹤0.01% |
223,413
-94,203
| -30% | -$1.77M |
|
|
SAVE
1909
DELISTED
Spirit Airlines, Inc.
SAVE
| $4.01M | ﹤0.01% |
98,768
-89,030
| -47% | -$3.69M |
|
1910
Stoneridge
SRI
$195M
| $3.99M | ﹤0.01% |
+227,194
| New | +$3.92M |
|
|
GHL
1911
DELISTED
Greenhill & Co., Inc.
GHL
| $3.96M | ﹤0.01% |
175,700
-28,665
| -14% | -$599K |
|
|
IMGN
1912
DELISTED
Immunogen Inc
IMGN
| $3.92M | ﹤0.01% |
1,530,772
| – | – |
|
|
HOME
1913
DELISTED
At Home Group Inc.
HOME
| $3.89M | ﹤0.01% |
+268,640
| New | +$3.93M |
|
1914
Stock Yards Bancorp
SYBT
$2.64B
| $3.84M | ﹤0.01% |
122,017
| – | – |
|
|
SREV
1915
DELISTED
ServiceSource International, Inc.
SREV
| $3.76M | ﹤0.01% |
805,862
| – | – |
|
|
RFP
1916
DELISTED
Resolute Forest Products Inc.
RFP
| $3.7M | ﹤0.01% |
818,707
-330,400
| -29% | -$1.8M |
|
1917
Stride
LRN
$3.41B
| $3.67M | ﹤0.01% |
267,695
-202,213
| -43% | -$2.58M |
|
1918
Daktronics
DAKT
$955M
| $3.63M | ﹤0.01% |
398,241
-201,372
| -34% | -$1.6M |
|
|
NVMI
1919
Nova
NVMI
$12.4B
| $3.6M | ﹤0.01% |
319,756
| – | – |
|
|
INSY
1920
DELISTED
Insys Therapeutics, Inc.
INSY
| $3.53M | ﹤0.01% |
313,734
+49,200
| +19% | +$748K |
|
|
MYCC
1921
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $3.5M | ﹤0.01% |
252,993
| – | – |
|
1922
Arrow Financial
AROW
$659M
| $3.47M | ﹤0.01% |
136,097
| – | – |
|
1923
Sony
SONY
$137B
| $3.42M | ﹤0.01% |
538,250
| – | – |
|
|
WIN
1924
DELISTED
Windstream Holdings Inc
WIN
| $3.4M | ﹤0.01% |
70,824
| – | – |
|
|
MRT
1925
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $3.37M | ﹤0.01% |
+300,000
| New | +$3.5M |
|
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.