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 | |
|---|---|---|---|---|---|---|
676
Lennar Class A
LEN
$18.9B
| $49.7M | 0.02% |
1,215,339
-170,708
| -12% | -$6.91M |
|
677
Rogers Communications
RCI
$19.4B
| $49.6M | 0.02% |
1,285,412
-1,143,997
| -47% | -$45.2M |
|
678
Starwood Property Trust
STWD
$5.55B
| $49.6M | 0.02% |
2,261,348
+216,656
| +11% | +$4.78M |
|
679
Bio-Techne
TECH
$11.3B
| $49.5M | 0.02% |
1,927,152
+45,364
| +2% | +$1.19M |
|
|
MENT
680
DELISTED
Mentor Graphics Corp
MENT
| $49.5M | 0.02% |
1,340,599
| – | – |
|
681
Atmos Energy
ATO
$27.4B
| $49.3M | 0.02% |
665,533
-87,005
| -12% | -$6.28M |
|
|
PBCT
682
DELISTED
People's United Financial Inc
PBCT
| $49.3M | 0.02% |
2,543,909
-92,843
| -4% | -$1.64M |
|
683
Enovis
ENOV
$1.08B
| $49.2M | 0.02% |
796,355
+290,500
| +57% | +$17.2M |
|
|
TGNA
684
DELISTED
TEGNA Inc
TGNA
| $49.2M | 0.02% |
3,591,011
-349,658
| -9% | -$4.76M |
|
|
OPLN
685
Openlane
OPLN
$4.28B
| $49.1M | 0.02% |
3,044,242
+360,586
| +13% | +$5.75M |
|
686
H&R Block
HRB
$5.56B
| $49M | 0.02% |
2,132,924
+95,331
| +5% | +$2.18M |
|
687
Workday
WDAY
$45.3B
| $48.9M | 0.02% |
739,679
+11,492
| +2% | +$926K |
|
688
Nordson
NDSN
$17.2B
| $48.9M | 0.02% |
436,115
+48,000
| +12% | +$5.03M |
|
689
Burlington
BURL
$14.5B
| $48.7M | 0.02% |
574,838
+26,961
| +5% | +$2.18M |
|
|
CPN
690
DELISTED
Calpine Corporation
CPN
| $48.6M | 0.02% |
4,254,971
-98,796
| -2% | -$1.17M |
|
691
Thor Industries
THO
$3.63B
| $48.5M | 0.02% |
484,905
-9,392
| -2% | -$847K |
|
|
AWH
692
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $48.5M | 0.02% |
903,192
-33,593
| -4% | -$1.54M |
|
693
Adient
ADNT
$1.41B
| $48.4M | 0.02% |
+826,033
| New | +$43.6M |
|
694
Manhattan Associates
MANH
$12.4B
| $48.4M | 0.02% |
912,602
+60,030
| +7% | +$3.2M |
|
|
PNRA
695
DELISTED
Panera Bread Co
PNRA
| $48.2M | 0.02% |
234,868
+18,813
| +9% | +$3.81M |
|
|
SNI
696
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $48M | 0.02% |
672,989
-61,491
| -8% | -$4.16M |
|
|
TCF
697
DELISTED
TCF Financial Corporation
TCF
| $48M | 0.02% |
2,449,784
-592,006
| -19% | -$9.75M |
|
698
Equity Lifestyle Properties
ELS
$11.8B
| $47.9M | 0.02% |
1,329,238
| – | – |
|
|
TMX
699
DELISTED
Terminix Global Holdings, Inc.
TMX
| $47.8M | 0.02% |
1,893,306
+647,614
| +52% | +$15.9M |
|
700
Lincoln Electric
LECO
$13.9B
| $47.6M | 0.02% |
620,917
+14,316
| +2% | +$1.03M |
|
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.