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 |
RTN
Raytheon Company
RTN
|
+$349M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$216M |
| 3 |
Travelers Companies
TRV
|
+$204M |
| 4 |
Citigroup
C
|
+$199M |
| 5 |
Parker-Hannifin
PH
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$547M |
| 2 |
LyondellBasell Industries
LYB
|
+$488M |
| 3 |
Hilton Worldwide
HLT
|
+$295M |
| 4 |
Apple
AAPL
|
+$280M |
| 5 |
Visa
V
|
+$267M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.93% |
| 2 | Technology | 14.43% |
| 3 | Healthcare | 13.4% |
| 4 | Consumer Discretionary | 9.53% |
| 5 | Industrials | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Rockwell Automation
ROK
$46.5B
| $201M | 0.09% |
1,496,953
+74,423
| +5% | +$9.51M |
|
227
Huntington Bancshares
HBAN
$34.2B
| $200M | 0.09% |
15,141,322
-564,947
| -4% | -$6.58M |
|
228
Welltower
WELL
$167B
| $199M | 0.09% |
2,966,843
-120,668
| -4% | -$7.99M |
|
|
AVB
229
DELISTED
AvalonBay Communities
AVB
| $198M | 0.09% |
1,119,408
+52,661
| +5% | +$8.88M |
|
|
K
230
DELISTED
Kellanova
K
| $198M | 0.09% |
2,859,898
+317,405
| +12% | +$22.1M |
|
231
Chemours
CC
$2.19B
| $197M | 0.09% |
8,904,855
+6,031,021
| +210% | +$124M |
|
|
STI
232
DELISTED
SunTrust Banks, Inc.
STI
| $197M | 0.09% |
3,584,901
-178,648
| -5% | -$8.92M |
|
|
VMRK
233
Vivmark Residential
VMRK
$51B
| $196M | 0.09% |
3,051,122
+136,196
| +5% | +$8.37M |
|
234
International Paper
IP
$18.3B
| $196M | 0.09% |
3,904,065
-92,794
| -2% | -$4.29M |
|
235
Xylem
XYL
$24.9B
| $193M | 0.08% |
3,894,497
+168,938
| +5% | +$8.56M |
|
|
CONE
236
DELISTED
CyrusOne Inc Common Stock
CONE
| $192M | 0.08% |
4,290,936
+250,000
| +6% | +$11.1M |
|
237
Stanley Black & Decker
SWK
$13.3B
| $191M | 0.08% |
1,663,118
+681
| +0% | +$81.1K |
|
238
Trane Technologies
TT
$92.8B
| $189M | 0.08% |
2,519,916
+476,399
| +23% | +$34.4M |
|
|
MRSH
239
Marsh
MRSH
$85.5B
| $188M | 0.08% |
2,786,695
+1,308,000
| +88% | +$87.7M |
|
|
FISV
240
Fiserv Inc
FISV
$26.7B
| $187M | 0.08% |
3,513,394
+360,802
| +11% | +$18.5M |
|
241
Analog Devices
ADI
$177B
| $187M | 0.08% |
2,568,295
+349,313
| +16% | +$23.7M |
|
242
IQVIA
IQV
$44.1B
| $182M | 0.08% |
2,399,272
+1,364,667
| +132% | +$105M |
|
243
PPG Industries
PPG
$23.2B
| $182M | 0.08% |
1,915,933
-1,393,443
| -42% | -$133M |
|
244
Incyte
INCY
$24.4B
| $181M | 0.08% |
1,800,739
+282,225
| +19% | +$27.5M |
|
|
BNY
245
Bank of New York Mellon
BNY
$105B
| $179M | 0.08% |
3,773,935
| – | – |
|
246
Sherwin-Williams
SHW
$77.7B
| $179M | 0.08% |
1,995,678
-6,501
| -0.3% | -$575K |
|
247
American Tower
AMT
$82.3B
| $178M | 0.08% |
1,686,358
-171,728
| -9% | -$18.7M |
|
|
EA
248
DELISTED
Electronic Arts
EA
| $178M | 0.08% |
2,259,012
-144,020
| -6% | -$11.6M |
|
249
Tyson Foods
TSN
$18.7B
| $177M | 0.08% |
2,876,824
+180,933
| +7% | +$11.9M |
|
|
LVLT
250
DELISTED
Level 3 Communications Inc
LVLT
| $177M | 0.08% |
3,145,934
+1,444,513
| +85% | +$76.3M |
|
Similar funds
Norges Bank's Q4 2016 Portfolio in Review
As of Q4 2016, Norges Bank held 2,214 positions worth $229B, up 8.1% from $212B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q4 2016 filing shows 65 new, 867 increased, 654 reduced and 61 closed positions. Its largest new stake was Raytheon Company: 2,453,901 shares worth $348M. The largest sale was Broadcom, an estimated $547M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q4 2016 buy was Raytheon Company: 2,453,901 shares worth $348M.
- Norges Bank added most to Alphabet (Google) Class C in Q4 2016, an estimated $216M increase.
- Norges Bank's biggest Q4 2016 reduction was Broadcom, cutting an estimated $547M.
- Norges Bank fully exited LinkedIn Corporation in Q4 2016, selling an estimated $117M.
- Norges Bank's ten largest holdings make up 14% of its $229B portfolio in Q4 2016.
- Norges Bank opened 65 new positions and closed 61 in Q4 2016.
- Norges Bank's portfolio value rose 8.1% quarter-over-quarter to $229B.
Based on Norges Bank's 13F filing for Q4 2016, filed 9 Feb 2017.