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 | |
|---|---|---|---|---|---|---|
201
Conagra Brands
CAG
$6.94B
| $219M | 0.1% |
6,259,527
+1,380,287
| +28% | +$49.5M |
|
|
ALXN
202
DELISTED
Alexion Pharmaceuticals
ALXN
| $219M | 0.1% |
1,872,449
+209,897
| +13% | +$27M |
|
203
HP
HPQ
$24.9B
| $216M | 0.1% |
14,575,758
-821,229
| -5% | -$11.7M |
|
204
O'Reilly Automotive
ORLY
$72.9B
| $212M | 0.1% |
11,877,870
+325,020
| +3% | +$6.09M |
|
205
Intercontinental Exchange
ICE
$85.6B
| $210M | 0.1% |
4,076,320
-120,980
| -3% | -$6.6M |
|
206
American Water Works
AWK
$26.7B
| $208M | 0.1% |
2,916,003
-123,000
| -4% | -$9.62M |
|
207
Roper Technologies
ROP
$38.8B
| $208M | 0.1% |
1,193,871
+1,364
| +0.1% | +$238K |
|
208
Public Service Enterprise Group
PEG
$38.2B
| $208M | 0.1% |
5,193,244
| – | – |
|
209
Marathon Petroleum
MPC
$92.4B
| $206M | 0.1% |
5,324,657
| – | – |
|
210
Intuitive Surgical
ISRG
$127B
| $202M | 0.1% |
2,632,140
+189,063
| +8% | +$14.5M |
|
211
APA Corp
APA
$13.2B
| $202M | 0.1% |
3,314,792
-86,186
| -3% | -$4.71M |
|
212
Synchrony
SYF
$24.7B
| $201M | 0.1% |
7,529,028
+858,374
| +13% | +$23.6M |
|
213
Royal Gold
RGLD
$16.8B
| $201M | 0.1% |
2,720,928
| – | – |
|
214
American Tower
AMT
$80.8B
| $201M | 0.1% |
1,858,086
+250,000
| +16% | +$28.6M |
|
215
Carnival Corporation Ltd
CCL
$38.1B
| $201M | 0.09% |
4,306,562
+211,782
| +5% | +$9.8M |
|
216
AutoZone
AZO
$49.2B
| $199M | 0.09% |
271,042
| – | – |
|
217
Electronic Arts
EA
$53B
| $196M | 0.09% |
2,403,032
| – | – |
|
218
Stanley Black & Decker
SWK
$14.3B
| $195M | 0.09% |
1,662,437
+60,884
| +4% | +$7.35M |
|
|
ATVI
219
DELISTED
Activision Blizzard
ATVI
| $193M | 0.09% |
4,570,199
-180,347
| -4% | -$7.55M |
|
220
Tyson Foods
TSN
$20.4B
| $192M | 0.09% |
2,695,891
-582,111
| -18% | -$42.7M |
|
221
Marriott International
MAR
$98.3B
| $191M | 0.09% |
2,970,304
+1,795,786
| +153% | +$127M |
|
222
Royal Caribbean
RCL
$85.1B
| $190M | 0.09% |
2,735,420
+1,367,710
| +100% | +$96.3M |
|
223
Ventas
VTR
$48B
| $189M | 0.09% |
2,805,508
-21,668
| -0.8% | -$1.57M |
|
224
Truist Financial
TFC
$63.3B
| $188M | 0.09% |
5,216,938
-81,637
| -2% | -$3.04M |
|
225
Xylem
XYL
$27.3B
| $187M | 0.09% |
3,725,559
-192,370
| -5% | -$9.43M |
|
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.