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 | |
|---|---|---|---|---|---|---|
1926
National Healthcare
NHC
$3.53B
| $3.36M | ﹤0.01% |
53,293
| – | – |
|
1927
Insmed
INSM
$21.4B
| $3.34M | ﹤0.01% |
240,767
-177,758
| -42% | -$2.23M |
|
1928
Park Aerospace
PKE
$737M
| $3.33M | ﹤0.01% |
200,425
| – | – |
|
|
OME
1929
DELISTED
Omega Protein
OME
| $3.27M | ﹤0.01% |
+146,723
| New | +$3.45M |
|
1930
Encore Capital Group
ECPG
$2.02B
| $3.26M | ﹤0.01% |
151,974
+39,040
| +35% | +$880K |
|
1931
Knowles
KN
$3.13B
| $3.26M | ﹤0.01% |
243,045
+38,427
| +19% | +$544K |
|
|
CZR
1932
DELISTED
Caesars Entertainment Corporation
CZR
| $3.23M | ﹤0.01% |
+453,906
| New | +$3.27M |
|
1933
Cerus
CERS
$431M
| $3.22M | ﹤0.01% |
543,135
| – | – |
|
|
UNVR
1934
DELISTED
Univar Solutions Inc.
UNVR
| $3.21M | ﹤0.01% |
153,705
-500,000
| -76% | -$9.81M |
|
1935
Tejon Ranch
TRC
$457M
| $3.21M | ﹤0.01% |
142,196
| – | – |
|
1936
Axos Financial
AX
$5.77B
| $3.2M | ﹤0.01% |
149,587
-84,238
| -36% | -$1.64M |
|
|
AFI
1937
DELISTED
Armstrong Flooring, Inc.
AFI
| $3.19M | ﹤0.01% |
176,915
| – | – |
|
|
DPLO
1938
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $3.19M | ﹤0.01% |
119,054
+43,000
| +57% | +$1.44M |
|
|
MTOR
1939
DELISTED
MERITOR, Inc.
MTOR
| $3.13M | ﹤0.01% |
294,116
-329,400
| -53% | -$3.2M |
|
1940
Geospace Technologies
GEOS
$94.6M
| $3.12M | ﹤0.01% |
167,814
| – | – |
|
|
FRED
1941
DELISTED
Fred's Inc
FRED
| $3.1M | ﹤0.01% |
357,712
| – | – |
|
1942
Atlanta Braves Holdings Series B
BATRK
$3.26B
| $2.94M | ﹤0.01% |
177,248
| – | – |
|
|
SN
1943
DELISTED
Sanchez Energy Corporation
SN
| $2.91M | ﹤0.01% |
344,867
+194,295
| +129% | +$1.49M |
|
|
GNCMA
1944
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $2.91M | ﹤0.01% |
221,589
-277,642
| -56% | -$3.96M |
|
|
VCRA
1945
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $2.9M | ﹤0.01% |
179,822
+75,000
| +72% | +$1.15M |
|
1946
Crocs
CROX
$6.36B
| $2.85M | ﹤0.01% |
358,971
| – | – |
|
|
BBOX
1947
DELISTED
Black Box Corp
BBOX
| $2.81M | ﹤0.01% |
211,630
-31,990
| -13% | -$443K |
|
1948
Constellium
CSTM
$3.76B
| $2.8M | ﹤0.01% |
596,970
+263
| +0% | +$1.57K |
|
|
IVC
1949
DELISTED
Invacare Corporation
IVC
| $2.75M | ﹤0.01% |
258,139
+108,288
| +72% | +$1.3M |
|
|
TPCO
1950
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $2.74M | ﹤0.01% |
170,044
| – | – |
|
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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.