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 | |
|---|---|---|---|---|---|---|
526
Gartner
IT
$12.4B
| $73.7M | 0.03% |
728,986
+69,645
| +11% | +$6.73M |
|
527
TechnipFMC
FTI
$29.4B
| $73.3M | 0.03% |
2,771,165
-369,176
| -12% | -$9.24M |
|
528
HF Sinclair
DINO
$20B
| $73.1M | 0.03% |
2,232,513
+32,541
| +1% | +$902K |
|
|
SPR
529
DELISTED
Spirit AeroSystems
SPR
| $72.8M | 0.03% |
1,247,029
+35,094
| +3% | +$1.9M |
|
530
Ally Financial
ALLY
$12.6B
| $72.3M | 0.03% |
3,800,044
-187,615
| -5% | -$3.61M |
|
531
Robert Half
RHI
$3.92B
| $72.2M | 0.03% |
1,479,317
-106,540
| -7% | -$4.56M |
|
532
Open Text
OTEX
$5.73B
| $71.5M | 0.03% |
2,313,910
+65,078
| +3% | +$2.03M |
|
533
Ralph Lauren
RL
$20B
| $71.5M | 0.03% |
791,619
-63,851
| -7% | -$6.49M |
|
|
EVHC
534
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $71M | 0.03% |
1,122,455
+667,168
| +147% | +$43.6M |
|
535
MSCI
MSCI
$39.6B
| $70.2M | 0.03% |
891,262
-7,162
| -0.8% | -$577K |
|
|
QGENF
536
DELISTED
QIAGEN NV
QGENF
| $70.1M | 0.03% |
2,492,587
-3,909,596
| -61% | -$110M |
|
537
Acuity Brands
AYI
$8.98B
| $70.1M | 0.03% |
303,656
-138,059
| -31% | -$33.5M |
|
538
CDW
CDW
$19.2B
| $70M | 0.03% |
1,344,399
+101,198
| +8% | +$4.93M |
|
|
SPLS
539
DELISTED
Staples Inc
SPLS
| $69.9M | 0.03% |
7,720,236
+515,148
| +7% | +$4.49M |
|
540
Fortune Brands Innovations
FBIN
$4.77B
| $69.8M | 0.03% |
1,526,711
+250,999
| +20% | +$11.8M |
|
|
AIV
541
Aimco
AIV
$333M
| $69.4M | 0.03% |
11,454,843
+616,144
| +6% | +$3.52M |
|
542
NiSource
NI
$19.5B
| $69.3M | 0.03% |
3,128,624
-425,495
| -12% | -$9.47M |
|
543
RenaissanceRe
RNR
$13.7B
| $69.1M | 0.03% |
507,065
+89,163
| +21% | +$11.4M |
|
544
Nabors Industries
NBR
$1.36B
| $69M | 0.03% |
84,152
| – | – |
|
545
Signet Jewelers
SIG
$3.83B
| $68.8M | 0.03% |
729,548
+258,965
| +55% | +$22.7M |
|
546
Arrow Electronics
ARW
$10.8B
| $68.6M | 0.03% |
962,444
+33,977
| +4% | +$2.25M |
|
|
PACW
547
DELISTED
PacWest Bancorp
PACW
| $68.2M | 0.03% |
1,252,699
-229,782
| -15% | -$11.1M |
|
548
Leidos
LDOS
$16.2B
| $68.2M | 0.03% |
1,333,232
+36,722
| +3% | +$1.72M |
|
|
HBI
549
DELISTED
Hanesbrands
HBI
| $68M | 0.03% |
3,152,132
+374,173
| +13% | +$8.94M |
|
|
SIVB
550
DELISTED
SVB Financial Group
SIVB
| $67.9M | 0.03% |
395,418
+34,201
| +9% | +$4.9M |
|
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.