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 | |
|---|---|---|---|---|---|---|
|
LSXMK
776
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $41.6M | 0.02% |
1,611,619
+201,426
| +14% | +$5.22M |
|
777
Service Corp International
SCI
$11B
| $41.5M | 0.02% |
1,460,836
+159,901
| +12% | +$4.26M |
|
778
Saic
SAIC
$5.56B
| $41.5M | 0.02% |
489,024
+20,000
| +4% | +$1.53M |
|
779
FTI Consulting
FCN
$4.01B
| $41.4M | 0.02% |
919,339
-32,200
| -3% | -$1.4M |
|
780
Portland General Electric
POR
$5.63B
| $41.4M | 0.02% |
955,687
-457,464
| -32% | -$19.3M |
|
781
EPR Properties
EPR
$4.37B
| $41.4M | 0.02% |
576,571
+51,626
| +10% | +$3.69M |
|
782
Dolby
DLB
$5.5B
| $41.3M | 0.02% |
914,797
+84,700
| +10% | +$4.08M |
|
|
VVC
783
DELISTED
Vectren Corporation
VVC
| $41.3M | 0.02% |
791,706
| – | – |
|
784
Spectrum Brands
SPB
$1.99B
| $41.2M | 0.02% |
337,092
+65,345
| +24% | +$8.35M |
|
785
Regal Rexnord
RRX
$9.94B
| $41.2M | 0.02% |
595,245
+101,808
| +21% | +$6.74M |
|
786
MSC Industrial Direct
MSM
$6.73B
| $41.2M | 0.02% |
445,948
| – | – |
|
787
First American
FAF
$7.26B
| $41.1M | 0.02% |
1,123,224
+68,760
| +7% | +$2.64M |
|
788
Landstar System
LSTR
$5.74B
| $41.1M | 0.02% |
481,932
+4,595
| +1% | +$357K |
|
789
SS&C Technologies
SSNC
$18.9B
| $40.9M | 0.02% |
1,431,383
-554,650
| -28% | -$17.2M |
|
|
HA
790
DELISTED
Hawaiian Holdings, Inc.
HA
| $40.9M | 0.02% |
717,988
| – | – |
|
791
Warner Bros
WBD
$70.4B
| $40.9M | 0.02% |
1,492,844
-988,019
| -40% | -$26.8M |
|
792
Sanmina
SANM
$10.5B
| $40.9M | 0.02% |
1,116,136
+100,000
| +10% | +$3.16M |
|
793
Cullen/Frost Bankers
CFR
$9.91B
| $40.9M | 0.02% |
463,404
-72,319
| -13% | -$5.8M |
|
|
X
794
DELISTED
US Steel
X
| $40.9M | 0.02% |
1,237,608
-171,817
| -12% | -$4.59M |
|
|
AHL
795
DELISTED
ASPEN Insurance Holding Limited
AHL
| $40.8M | 0.02% |
741,441
+24,112
| +3% | +$1.23M |
|
|
TECD
796
DELISTED
Tech Data Corp
TECD
| $40.7M | 0.02% |
481,215
-153,951
| -24% | -$12.8M |
|
797
Sally Beauty Holdings
SBH
$1.5B
| $40.7M | 0.02% |
1,540,758
+276,988
| +22% | +$7.31M |
|
798
First Horizon
FHN
$11.3B
| $40.7M | 0.02% |
2,032,044
| – | – |
|
|
DATA
799
DELISTED
Tableau Software, Inc.
DATA
| $40.6M | 0.02% |
963,202
+537,801
| +126% | +$25M |
|
800
ScottsMiracle-Gro
SMG
$3.19B
| $40.6M | 0.02% |
424,745
+68,411
| +19% | +$6.14M |
|
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.