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 | |
|---|---|---|---|---|---|---|
|
WLL
826
DELISTED
Whiting Petroleum Corporation
WLL
| $38.9M | 0.02% |
10,784
+1,527
| +16% | +$4.59M |
|
|
CMD
827
DELISTED
Cantel Medical Corporation
CMD
| $38.9M | 0.02% |
493,604
-62,879
| -11% | -$4.89M |
|
828
Ryder
R
$9.13B
| $38.8M | 0.02% |
521,077
+24,142
| +5% | +$1.78M |
|
829
Patterson-UTI
PTEN
$4.59B
| $38.5M | 0.02% |
1,431,411
-133,130
| -9% | -$3.29M |
|
830
Howard Hughes
HHH
$3.71B
| $38.5M | 0.02% |
354,063
| – | – |
|
831
Brunswick
BC
$4.39B
| $38.5M | 0.02% |
705,233
-95,204
| -12% | -$4.71M |
|
|
TCO
832
DELISTED
Taubman Centers Inc.
TCO
| $38.2M | 0.02% |
516,574
-14,472
| -3% | -$1.05M |
|
|
TCF
833
DELISTED
TCF Financial Corporation Common Stock
TCF
| $38.1M | 0.02% |
704,075
| – | – |
|
834
FNB Corp
FNB
$6.37B
| $38.1M | 0.02% |
2,378,446
| – | – |
|
|
CVG
835
DELISTED
Convergys
CVG
| $38.1M | 0.02% |
1,551,702
+373,779
| +32% | +$10.1M |
|
836
Commercial Metals
CMC
$7.28B
| $38.1M | 0.02% |
1,749,291
+369,600
| +27% | +$7.25M |
|
837
Alcoa
AA
$12.2B
| $38.1M | 0.02% |
1,356,400
-4,208,348
| -76% | -$114M |
|
838
Chemed
CHE
$6.66B
| $38.1M | 0.02% |
237,220
-32,838
| -12% | -$4.82M |
|
839
NNN REIT
NNN
$7.99B
| $38M | 0.02% |
860,194
-461,466
| -35% | -$20.4M |
|
|
WBS
840
DELISTED
Webster Financial
WBS
| $37.9M | 0.02% |
699,139
| – | – |
|
|
ISBC
841
DELISTED
Investors Bancorp, Inc.
ISBC
| $37.9M | 0.02% |
2,718,925
+163,574
| +6% | +$2.14M |
|
|
DCT
842
DELISTED
DCT Industrial Trust Inc.
DCT
| $37.9M | 0.02% |
791,279
+20,000
| +3% | +$922K |
|
843
Healthcare Realty
HR
$6.34B
| $37.9M | 0.02% |
1,300,444
+102,344
| +9% | +$3.01M |
|
844
Cabot Corp
CBT
$4.05B
| $37.8M | 0.02% |
748,875
+80,923
| +12% | +$4.17M |
|
|
MDP
845
DELISTED
Meredith Corporation
MDP
| $37.8M | 0.02% |
638,787
+76,177
| +14% | +$4M |
|
|
EGOV
846
DELISTED
NIC Inc
EGOV
| $37.8M | 0.02% |
1,580,791
+25,000
| +2% | +$598K |
|
|
PDCO
847
DELISTED
Patterson Companies, Inc.
PDCO
| $37.7M | 0.02% |
919,769
-215,718
| -19% | -$9.31M |
|
848
Essential Utilities
WTRG
$11.7B
| $37.7M | 0.02% |
1,253,509
-146
| -0% | -$4.35K |
|
|
SFLY
849
DELISTED
Shutterfly, Inc.
SFLY
| $37.6M | 0.02% |
748,953
+80,941
| +12% | +$3.93M |
|
|
WRI
850
DELISTED
Weingarten Realty Investors
WRI
| $37.5M | 0.02% |
1,048,688
-42,108
| -4% | -$1.51M |
|
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.