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 | |
|---|---|---|---|---|---|---|
|
MXIM
326
DELISTED
Maxim Integrated Products
MXIM
| $130M | 0.06% |
3,377,942
+335,463
| +11% | +$13.2M |
|
327
M&T Bank
MTB
$34B
| $130M | 0.06% |
831,055
+67,348
| +9% | +$9.11M |
|
328
Akamai
AKAM
$15.2B
| $130M | 0.06% |
1,945,659
+400,173
| +26% | +$25.5M |
|
329
Pentair
PNR
$9.08B
| $129M | 0.06% |
3,424,542
-230,092
| -6% | -$8.97M |
|
330
Kohl's
KSS
$1.85B
| $128M | 0.06% |
2,600,934
+727,183
| +39% | +$36M |
|
331
Moody's
MCO
$80.9B
| $128M | 0.06% |
1,362,276
-219,472
| -14% | -$22.2M |
|
332
Dollar Tree
DLTR
$21.4B
| $128M | 0.06% |
1,655,978
+94,959
| +6% | +$7.64M |
|
333
Vertex Pharmaceuticals
VRTX
$130B
| $128M | 0.06% |
1,731,555
+56,502
| +3% | +$4.6M |
|
334
Bunge Global
BG
$23.4B
| $126M | 0.06% |
1,745,872
+172,041
| +11% | +$11.5M |
|
335
Monster Beverage
MNST
$87.8B
| $125M | 0.05% |
11,315,940
-2,153,208
| -16% | -$24.6M |
|
336
Check Point Software Technologies
CHKP
$14.1B
| $125M | 0.05% |
1,483,330
+209,142
| +16% | +$17.2M |
|
337
Whirlpool
WHR
$2.15B
| $125M | 0.05% |
686,965
-91,318
| -12% | -$15.1M |
|
|
TIF
338
DELISTED
Tiffany & Co.
TIF
| $124M | 0.05% |
1,607,612
+5,002
| +0.3% | +$385K |
|
|
XL
339
DELISTED
XL Group Ltd.
XL
| $124M | 0.05% |
3,339,975
+230,844
| +7% | +$8.28M |
|
340
Clorox
CLX
$10.6B
| $123M | 0.05% |
1,023,033
+124,836
| +14% | +$14.7M |
|
|
FL
341
DELISTED
Foot Locker
FL
| $123M | 0.05% |
1,730,070
+381,028
| +28% | +$27.1M |
|
342
Seagate
STX
$175B
| $122M | 0.05% |
3,197,329
-462,170
| -13% | -$17.3M |
|
343
Hartford Financial Services
HIG
$36.9B
| $122M | 0.05% |
2,554,555
+196,054
| +8% | +$8.99M |
|
|
WRK
344
DELISTED
WestRock Company
WRK
| $122M | 0.05% |
2,395,702
+10,371
| +0.4% | +$510K |
|
345
Expeditors International
EXPD
$25.2B
| $121M | 0.05% |
2,293,638
+295,424
| +15% | +$15.4M |
|
|
CXO
346
DELISTED
CONCHO RESOURCES INC.
CXO
| $121M | 0.05% |
913,915
-8,266
| -0.9% | -$1.12M |
|
|
AMTD
347
DELISTED
TD Ameritrade Holding Corp
AMTD
| $121M | 0.05% |
2,765,164
+41,834
| +2% | +$1.62M |
|
348
Cenovus Energy
CVE
$62.3B
| $120M | 0.05% |
7,956,870
+98,075
| +1% | +$1.48M |
|
349
Mohawk Industries
MHK
$8.76B
| $120M | 0.05% |
602,370
+99,802
| +20% | +$19.6M |
|
350
CGI
GIB
$15B
| $120M | 0.05% |
2,495,851
-107,344
| -4% | -$5.11M |
|
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.