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 | |
|---|---|---|---|---|---|---|
276
Thomson Reuters
TRI
$44.7B
| $160M | 0.07% |
3,151,739
+24,507
| +0.8% | +$1.2M |
|
277
Genuine Parts
GPC
$18.4B
| $160M | 0.07% |
1,671,740
-119,763
| -7% | -$11.4M |
|
278
Paychex
PAYX
$42B
| $159M | 0.07% |
2,607,932
-94,989
| -4% | -$5.47M |
|
|
XLNX
279
DELISTED
Xilinx Inc
XLNX
| $156M | 0.07% |
2,577,848
+182,800
| +8% | +$9.82M |
|
280
Motorola Solutions
MSI
$78.4B
| $154M | 0.07% |
1,855,461
+598,561
| +48% | +$46.9M |
|
|
SCHW
281
Charles Schwab
SCHW
$187B
| $154M | 0.07% |
3,890,385
-26,075
| -0.7% | -$932K |
|
|
CTXS
282
DELISTED
Citrix Systems Inc
CTXS
| $153M | 0.07% |
2,144,609
+236,086
| +12% | +$16.3M |
|
283
Stellantis
STLA
$15.2B
| $151M | 0.07% |
16,567,750
+5,071,776
| +44% | +$37.9M |
|
284
Quest Diagnostics
DGX
$26.8B
| $151M | 0.07% |
1,637,896
+83,290
| +5% | +$7.18M |
|
|
LLTC
285
DELISTED
Linear Technology Corp
LLTC
| $150M | 0.07% |
2,412,172
+176,013
| +8% | +$10.7M |
|
286
Magna International
MGA
$17.2B
| $150M | 0.07% |
3,445,199
-205,837
| -6% | -$8.65M |
|
287
S&P Global
SPGI
$122B
| $150M | 0.07% |
1,391,419
-145,991
| -9% | -$17.4M |
|
288
Delta Air Lines
DAL
$52.1B
| $149M | 0.07% |
3,037,952
-24,940
| -0.8% | -$1.14M |
|
289
Cencora
COR
$60.9B
| $148M | 0.06% |
1,889,943
+85,917
| +5% | +$6.7M |
|
290
Olin
OLN
$1.92B
| $147M | 0.06% |
5,756,101
+4,363,404
| +313% | +$104M |
|
|
GRUB
291
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $147M | 0.06% |
1,952,273
+234,500
| +14% | +$18.1M |
|
292
Ferrari
RACE
$71.2B
| $147M | 0.06% |
2,514,640
-3,067,034
| -55% | -$167M |
|
293
Ulta Beauty
ULTA
$23.1B
| $146M | 0.06% |
574,057
+41,068
| +8% | +$10.3M |
|
294
Best Buy
BBY
$19.7B
| $146M | 0.06% |
3,424,844
+121,943
| +4% | +$5.18M |
|
295
Entergy
ETR
$49.3B
| $143M | 0.06% |
3,905,104
-423,562
| -10% | -$15.2M |
|
296
Host Hotels & Resorts
HST
$15.4B
| $143M | 0.06% |
7,573,852
| – | – |
|
297
Dover
DOV
$25.6B
| $142M | 0.06% |
2,353,917
+836,422
| +55% | +$48.3M |
|
298
Willis Towers Watson
WTW
$29.8B
| $142M | 0.06% |
1,162,132
+9,927
| +0.9% | +$1.24M |
|
|
BCR
299
DELISTED
CR Bard Inc.
BCR
| $142M | 0.06% |
630,111
| – | – |
|
300
Royal Caribbean
RCL
$67.7B
| $141M | 0.06% |
1,722,821
-1,012,599
| -37% | -$79.7M |
|
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.