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 | |
|---|---|---|---|---|---|---|
626
IDEX
IEX
$16.4B
| $55.9M | 0.02% |
621,240
+604
| +0.1% | +$54.6K |
|
627
Post Holdings
POST
$3.5B
| $55.9M | 0.02% |
1,062,675
-122,462
| -10% | -$6.19M |
|
628
Brown & Brown
BRO
$22.5B
| $55.5M | 0.02% |
2,474,974
-254,030
| -9% | -$5.16M |
|
|
ARRS
629
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $55.2M | 0.02% |
1,832,289
+4,185
| +0.2% | +$121K |
|
|
NBIS
630
Nebius Group N.V.
NBIS
$56.4B
| $55.1M | 0.02% |
2,739,275
-1,949,513
| -42% | -$38.3M |
|
631
Extra Space Storage
EXR
$29B
| $55.1M | 0.02% |
713,891
-113,058
| -14% | -$8.32M |
|
|
FLG
632
Flagstar Bank National Association
FLG
$5.33B
| $54.9M | 0.02% |
1,151,083
+22,522
| +2% | +$1.03M |
|
633
Assured Guaranty
AGO
$3.14B
| $54.9M | 0.02% |
1,453,321
-30,346
| -2% | -$1.02M |
|
634
Jabil
JBL
$31B
| $54.8M | 0.02% |
2,313,830
-12,591
| -0.5% | -$274K |
|
635
HNI Corp
HNI
$3.32B
| $53.8M | 0.02% |
962,152
+74,812
| +8% | +$3.55M |
|
636
InterDigital
IDCC
$8.41B
| $53.8M | 0.02% |
588,423
+177,385
| +43% | +$14.2M |
|
|
ABMD
637
DELISTED
Abiomed Inc
ABMD
| $53.7M | 0.02% |
476,577
-37,217
| -7% | -$4.31M |
|
638
Curtiss-Wright
CW
$20.8B
| $53.7M | 0.02% |
545,456
-30,723
| -5% | -$2.92M |
|
639
RB Global
RBA
$15.9B
| $53.6M | 0.02% |
1,578,603
-17,200
| -1% | -$625K |
|
640
Flowserve
FLS
$9.03B
| $53.5M | 0.02% |
1,114,265
+77,895
| +8% | +$3.61M |
|
641
Reinsurance Group of America
RGA
$16.2B
| $53.2M | 0.02% |
423,146
-508,679
| -55% | -$59.6M |
|
642
Gaming and Leisure Properties
GLPI
$11.8B
| $53.2M | 0.02% |
1,738,561
+30,543
| +2% | +$955K |
|
643
Factset
FDS
$9.85B
| $53.2M | 0.02% |
325,501
-3,307
| -1% | -$527K |
|
|
LPT
644
DELISTED
Liberty Property Trust
LPT
| $53.1M | 0.02% |
1,343,741
| – | – |
|
645
Charles River Laboratories
CRL
$13B
| $53M | 0.02% |
695,736
+15,174
| +2% | +$1.15M |
|
646
Hubbell
HUBB
$23.2B
| $52.9M | 0.02% |
453,450
-29,992
| -6% | -$3.3M |
|
647
Tyler Technologies
TYL
$14.5B
| $52.7M | 0.02% |
368,965
+5,743
| +2% | +$891K |
|
648
NCR Voyix
VYX
$1.04B
| $52.3M | 0.02% |
2,103,671
+1,198,283
| +132% | +$26.9M |
|
649
Reliance Steel & Aluminium
RS
$20B
| $52.3M | 0.02% |
657,865
+53,537
| +9% | +$4.08M |
|
650
MDU Resources
MDU
$3.91B
| $52.3M | 0.02% |
4,783,030
+157,977
| +3% | +$1.63M |
|
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.