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 | |
|---|---|---|---|---|---|---|
|
EV
751
DELISTED
Eaton Vance Corp.
EV
| $43.1M | 0.02% |
1,029,797
| – | – |
|
752
CubeSmart
CUBE
$8.94B
| $43.1M | 0.02% |
1,609,688
+99,220
| +7% | +$2.54M |
|
|
HI
753
DELISTED
Hillenbrand
HI
| $43.1M | 0.02% |
1,122,802
-112,099
| -9% | -$3.79M |
|
754
Omega Healthcare
OHI
$14.2B
| $42.9M | 0.02% |
1,373,801
-86,334
| -6% | -$2.66M |
|
|
UMPQ
755
DELISTED
Umpqua Holdings Corp
UMPQ
| $42.9M | 0.02% |
2,285,273
| – | – |
|
756
LPL Financial
LPLA
$26.2B
| $42.9M | 0.02% |
1,218,807
+375,781
| +45% | +$13.1M |
|
757
Mercury Insurance
MCY
$5.65B
| $42.9M | 0.02% |
712,030
+34,766
| +5% | +$1.98M |
|
758
Telus
TU
$14B
| $42.9M | 0.02% |
2,688,632
+1,252,036
| +87% | +$20M |
|
|
NSR
759
DELISTED
Neustar Inc
NSR
| $42.7M | 0.02% |
1,277,335
+6,500
| +0.5% | +$172K |
|
760
Donaldson
DCI
$9.97B
| $42.6M | 0.02% |
1,012,616
-54,036
| -5% | -$2.14M |
|
761
Quanta Services
PWR
$92.7B
| $42.6M | 0.02% |
1,221,307
-53,564
| -4% | -$1.68M |
|
762
Blackbaud
BLKB
$2.04B
| $42.4M | 0.02% |
662,545
+20,351
| +3% | +$1.3M |
|
|
PRAH
763
DELISTED
PRA Health Sciences, Inc.
PRAH
| $42.3M | 0.02% |
768,169
+345,000
| +82% | +$18.9M |
|
|
DBD
764
DELISTED
Diebold Nixdorf Incorporated
DBD
| $42.2M | 0.02% |
1,676,097
-174,200
| -9% | -$4.11M |
|
765
Deluxe
DLX
$1.09B
| $42.1M | 0.02% |
587,957
+25,500
| +5% | +$1.71M |
|
|
SRC
766
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $42M | 0.02% |
861,687
| – | – |
|
767
First Citizens BancShares
FCNCA
$23.7B
| $41.9M | 0.02% |
118,140
| – | – |
|
768
American Homes 4 Rent
AMH
$11.3B
| $41.9M | 0.02% |
1,998,171
+98,119
| +5% | +$2.04M |
|
769
Alaska Air
ALK
$4.39B
| $41.9M | 0.02% |
472,281
-76,161
| -14% | -$6M |
|
770
Sun Communities
SUI
$14B
| $41.9M | 0.02% |
546,866
| – | – |
|
771
Kirby Corp
KEX
$7.3B
| $41.9M | 0.02% |
629,943
+209,557
| +50% | +$13.2M |
|
|
EGN
772
DELISTED
Energen
EGN
| $41.9M | 0.02% |
726,286
-17,733
| -2% | -$1.01M |
|
773
Booz Allen Hamilton
BAH
$9.41B
| $41.8M | 0.02% |
1,159,544
+133,150
| +13% | +$4.51M |
|
774
AGCO
AGCO
$8.36B
| $41.8M | 0.02% |
722,644
-52,121
| -7% | -$2.82M |
|
775
Allegion
ALLE
$13B
| $41.8M | 0.02% |
652,496
+57,555
| +10% | +$3.81M |
|
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.