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 | |
|---|---|---|---|---|---|---|
651
East-West Bancorp
EWBC
$17.5B
| $52.2M | 0.02% |
1,027,326
+49,178
| +5% | +$2.19M |
|
652
Toro Company
TTC
$8.78B
| $52M | 0.02% |
929,582
+8,434
| +0.9% | +$430K |
|
653
Under Armour Class C
UA
$2.11B
| $52M | 0.02% |
2,066,176
-84,121
| -4% | -$2.33M |
|
654
Sensata Technologies
ST
$6.13B
| $51.9M | 0.02% |
1,333,175
-1,706,120
| -56% | -$65M |
|
655
Affiliated Managers Group
AMG
$9.01B
| $51.9M | 0.02% |
356,869
-55,085
| -13% | -$8M |
|
656
PBF Energy
PBF
$8.86B
| $51.6M | 0.02% |
1,849,059
-29,161
| -2% | -$711K |
|
657
Ziff Davis
ZD
$2.02B
| $51.4M | 0.02% |
722,818
-106,782
| -13% | -$6.79M |
|
658
Mueller Water Products
MWA
$3.58B
| $51.3M | 0.02% |
3,855,172
-383,527
| -9% | -$4.92M |
|
659
Gildan
GIL
$8.56B
| $51.3M | 0.02% |
2,018,236
+182,901
| +10% | +$4.87M |
|
660
CF Industries
CF
$20.3B
| $51.3M | 0.02% |
1,628,171
-194,996
| -11% | -$5.25M |
|
661
Cboe Global Markets
CBOE
$28.6B
| $51M | 0.02% |
690,805
-14,592
| -2% | -$1M |
|
662
Ionis Pharmaceuticals
IONS
$7.76B
| $51M | 0.02% |
1,065,766
+193,972
| +22% | +$7.68M |
|
|
ESV
663
DELISTED
Ensco Rowan plc
ESV
| $50.9M | 0.02% |
1,309,331
+35,607
| +3% | +$1.28M |
|
664
WaFd
WAFD
$2.45B
| $50.8M | 0.02% |
1,479,946
-124,124
| -8% | -$3.79M |
|
665
Advanced Micro Devices
AMD
$849B
| $50.7M | 0.02% |
4,472,836
+379,429
| +9% | +$3.18M |
|
666
Camden Property Trust
CPT
$11.9B
| $50.6M | 0.02% |
602,332
| – | – |
|
|
PPLI
667
People Inc
PPLI
$2.84B
| $50.6M | 0.02% |
4,368,514
+895,266
| +26% | +$10.5M |
|
668
Vail Resorts
MTN
$4.99B
| $50.5M | 0.02% |
313,199
-96,450
| -24% | -$15.3M |
|
669
Lamb Weston
LW
$6.54B
| $50.4M | 0.02% |
+1,330,851
| New | +$45.4M |
|
|
WPX
670
DELISTED
WPX Energy, Inc.
WPX
| $50.3M | 0.02% |
3,454,296
+811,313
| +31% | +$10.7M |
|
671
Hawaiian Electric Industries
HE
$1.76B
| $50.1M | 0.02% |
1,516,292
+378,058
| +33% | +$11.5M |
|
672
Associated Banc-Corp
ASB
$5.71B
| $50M | 0.02% |
2,024,805
-494,527
| -20% | -$10.9M |
|
|
MSCC
673
DELISTED
Microsemi Corp
MSCC
| $49.9M | 0.02% |
924,831
+49,951
| +6% | +$2.44M |
|
674
ON Semiconductor
ON
$28.4B
| $49.8M | 0.02% |
3,904,520
+20,748
| +0.5% | +$248K |
|
675
Unum
UNM
$15B
| $49.8M | 0.02% |
1,132,854
-24,745
| -2% | -$990K |
|
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.