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 | |
|---|---|---|---|---|---|---|
401
Yum China
YUMC
$14.2B
| $104M | 0.05% |
+3,977,742
| New | +$108M |
|
402
Ball Corp
BALL
$16.1B
| $104M | 0.05% |
2,758,264
-89,288
| -3% | -$3.45M |
|
|
ETFC
403
DELISTED
E*Trade Financial Corporation
ETFC
| $103M | 0.05% |
2,973,127
-380,802
| -11% | -$12.2M |
|
|
MJN
404
DELISTED
Mead Johnson Nutrition Company
MJN
| $102M | 0.04% |
1,448,530
-243,767
| -14% | -$18.2M |
|
405
Mettler-Toledo International
MTD
$26.7B
| $102M | 0.04% |
244,491
+8,481
| +4% | +$3.53M |
|
|
PF
406
DELISTED
Pinnacle Foods, Inc.
PF
| $102M | 0.04% |
1,903,384
+339,539
| +22% | +$17.2M |
|
407
ServiceNow
NOW
$147B
| $102M | 0.04% |
6,842,065
+974,345
| +17% | +$15.7M |
|
408
Helmerich & Payne
HP
$4.34B
| $102M | 0.04% |
1,314,188
-21,991
| -2% | -$1.56M |
|
409
Expedia Group
EXPE
$35.2B
| $102M | 0.04% |
897,354
+76,666
| +9% | +$9.35M |
|
410
Labcorp
LH
$26.3B
| $101M | 0.04% |
919,506
-90,640
| -9% | -$10.1M |
|
411
LKQ Corp
LKQ
$5.92B
| $101M | 0.04% |
3,300,575
+465,188
| +16% | +$15.2M |
|
412
Amdocs
DOX
$6.51B
| $101M | 0.04% |
1,734,966
-8,435
| -0.5% | -$498K |
|
413
Annaly Capital Management
NLY
$16.1B
| $101M | 0.04% |
2,529,874
+170,514
| +7% | +$6.94M |
|
414
Teck Resources
TECK
$31.7B
| $101M | 0.04% |
5,026,817
+12,035
| +0.2% | +$260K |
|
415
Celanese
CE
$5.18B
| $101M | 0.04% |
1,279,001
+1,680
| +0.1% | +$126K |
|
|
KSU
416
DELISTED
Kansas City Southern
KSU
| $101M | 0.04% |
1,185,036
+251,826
| +27% | +$22.2M |
|
417
Logitech
LOGI
$14.5B
| $100M | 0.04% |
4,015,034
-244,869
| -6% | -$5.86M |
|
418
PACCAR
PCAR
$64.5B
| $100M | 0.04% |
2,348,121
-1,930,523
| -45% | -$77.8M |
|
419
Air Products & Chemicals
APD
$64.7B
| $99.7M | 0.04% |
693,450
-110,417
| -14% | -$15.5M |
|
420
Nasdaq
NDAQ
$49.9B
| $99.1M | 0.04% |
4,427,862
-141,186
| -3% | -$3.11M |
|
421
Tapestry
TPR
$23.4B
| $99M | 0.04% |
2,825,650
-95,266
| -3% | -$3.48M |
|
422
L3Harris
LHX
$46.5B
| $98.2M | 0.04% |
958,692
+3,171
| +0.3% | +$314K |
|
423
Fastenal
FAST
$56.7B
| $98.2M | 0.04% |
8,360,252
| – | – |
|
424
American Airlines Group
AAL
$8.45B
| $98.1M | 0.04% |
2,101,964
-277,005
| -12% | -$12.1M |
|
425
Ametek
AME
$53.8B
| $97.1M | 0.04% |
1,997,014
-21,924
| -1% | -$1.04M |
|
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.