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 | |
|---|---|---|---|---|---|---|
551
Palo Alto Networks
PANW
$307B
| $67M | 0.03% |
3,216,888
-140,772
| -4% | -$3.37M |
|
|
BEAV
552
DELISTED
B/E Aerospace Inc
BEAV
| $66.7M | 0.03% |
1,107,566
+124,180
| +13% | +$7.15M |
|
|
HDS
553
DELISTED
HD Supply Holdings, Inc.
HDS
| $66.3M | 0.03% |
1,559,690
+208,840
| +15% | +$7.7M |
|
554
CBRE Group
CBRE
$40.6B
| $66.3M | 0.03% |
2,105,302
-133,645
| -6% | -$3.87M |
|
555
Cintas
CTAS
$79.6B
| $66.3M | 0.03% |
2,293,840
-1,386,868
| -38% | -$38.9M |
|
556
Mattel
MAT
$3.83B
| $66M | 0.03% |
2,394,793
-908,593
| -28% | -$27.6M |
|
557
Wynn Resorts
WYNN
$8.93B
| $65.9M | 0.03% |
761,600
+192,207
| +34% | +$18M |
|
558
Diamondback Energy
FANG
$59.2B
| $65.6M | 0.03% |
649,608
+134,886
| +26% | +$13.5M |
|
559
Trimble
TRMB
$13.7B
| $65.5M | 0.03% |
2,173,217
-17,271
| -0.8% | -$495K |
|
|
CDK
560
DELISTED
CDK Global, Inc.
CDK
| $65.4M | 0.03% |
1,096,118
+137,237
| +14% | +$7.85M |
|
561
Gentex
GNTX
$4.72B
| $65.3M | 0.03% |
3,313,889
-389,863
| -11% | -$7.1M |
|
562
Fomento Económico Mexicano
FMX
$41.4B
| $65.2M | 0.03% |
855,419
-42,553
| -5% | -$3.64M |
|
563
Newmont
NEM
$131B
| $65M | 0.03% |
1,908,654
-155,310
| -8% | -$5.31M |
|
564
Cheniere Energy
LNG
$56B
| $65M | 0.03% |
1,568,354
-874,845
| -36% | -$35.3M |
|
565
Range Resources
RRC
$9.79B
| $64.7M | 0.03% |
1,882,369
+247,058
| +15% | +$8.84M |
|
|
WCG
566
DELISTED
Wellcare Health Plans, Inc.
WCG
| $64.3M | 0.03% |
469,200
+72,532
| +18% | +$9.24M |
|
567
Brixmor Property Group
BRX
$8.7B
| $64.2M | 0.03% |
2,630,418
+62,865
| +2% | +$1.57M |
|
|
LSXMA
568
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $64.1M | 0.03% |
2,568,605
| – | – |
|
569
United Therapeutics
UTHR
$21.5B
| $64M | 0.03% |
446,038
+3,084
| +0.7% | +$394K |
|
570
NVR
NVR
$16.7B
| $63.5M | 0.03% |
38,032
+3,412
| +10% | +$5.45M |
|
|
HAR
571
DELISTED
Harman International Industries
HAR
| $63.3M | 0.03% |
568,995
-172,167
| -23% | -$16.6M |
|
572
Teleflex
TFX
$5.47B
| $62.7M | 0.03% |
388,932
+37,981
| +11% | +$5.92M |
|
|
VISN
573
Vistance Networks Inc
VISN
$1.55B
| $62.6M | 0.03% |
1,682,575
+346,491
| +26% | +$11.8M |
|
574
Avnet
AVT
$7.6B
| $62.6M | 0.03% |
1,314,207
-20,828
| -2% | -$929K |
|
|
LEG
575
DELISTED
Leggett & Platt
LEG
| $62.5M | 0.03% |
1,278,654
-31,939
| -2% | -$1.52M |
|
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.