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 | |
|---|---|---|---|---|---|---|
926
SM Energy
SM
$9.08B
| $33.8M | 0.01% |
979,149
+142,489
| +17% | +$5.15M |
|
927
ITT
ITT
$17.4B
| $33.6M | 0.01% |
872,018
-117,261
| -12% | -$4.42M |
|
|
GAP
928
The Gap Inc
GAP
$7.09B
| $33.6M | 0.01% |
1,498,755
-1,177,937
| -44% | -$30.3M |
|
|
UNIT
929
Uniti Group
UNIT
$2.32B
| $33.4M | 0.01% |
1,313,990
-43,176
| -3% | -$1.16M |
|
930
Hilltop Holdings
HTH
$2.22B
| $33.3M | 0.01% |
1,117,116
-361,753
| -24% | -$9.61M |
|
931
Trinity Industries
TRN
$2.26B
| $33.2M | 0.01% |
1,662,386
-167,227
| -9% | -$3.08M |
|
932
Bank of Hawaii
BOH
$2.95B
| $33.2M | 0.01% |
374,311
+4,115
| +1% | +$334K |
|
|
IBKC
933
DELISTED
IBERIABANK Corp
IBKC
| $33.1M | 0.01% |
395,639
-34,408
| -8% | -$2.63M |
|
|
UNVR
934
DELISTED
Univar Solutions Inc.
UNVR
| $33.1M | 0.01% |
1,167,810
+1,014,105
| +660% | +$24.5M |
|
935
Oshkosh
OSK
$8.95B
| $33M | 0.01% |
510,648
-201,606
| -28% | -$12.5M |
|
936
Fair Isaac
FICO
$21.4B
| $32.9M | 0.01% |
276,189
| – | – |
|
937
Petrobras
PBR
$135B
| $32.9M | 0.01% |
3,253,730
| – | – |
|
938
Take-Two Interactive
TTWO
$39.6B
| $32.9M | 0.01% |
667,230
-3,989
| -0.6% | -$188K |
|
939
Casey's General Stores
CASY
$21.8B
| $32.9M | 0.01% |
276,568
-37,818
| -12% | -$4.5M |
|
940
Ciena
CIEN
$48.3B
| $32.9M | 0.01% |
1,346,271
-199,141
| -13% | -$4.35M |
|
|
LVNTA
941
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $32.9M | 0.01% |
891,154
-712,658
| -44% | -$28M |
|
|
MRC
942
DELISTED
MRC Global
MRC
| $32.8M | 0.01% |
1,620,252
+240,458
| +17% | +$4.38M |
|
943
Belden
BDC
$4.4B
| $32.8M | 0.01% |
438,787
+83,996
| +24% | +$5.98M |
|
944
Genpact
G
$5.93B
| $32.7M | 0.01% |
1,344,216
| – | – |
|
945
Compass Minerals
CMP
$1B
| $32.7M | 0.01% |
417,296
-70,300
| -14% | -$5.34M |
|
|
CATM
946
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $32.7M | 0.01% |
598,523
+70,399
| +13% | +$3.58M |
|
947
Antero Resources
AR
$11B
| $32.6M | 0.01% |
1,380,117
+372,521
| +37% | +$9.56M |
|
|
PRA
948
DELISTED
ProAssurance
PRA
| $32.6M | 0.01% |
580,776
+61,807
| +12% | +$3.42M |
|
949
SBA Communications
SBAC
$19.1B
| $32.6M | 0.01% |
315,386
+5,967
| +2% | +$628K |
|
950
Worthington Enterprises
WOR
$2.88B
| $32.5M | 0.01% |
1,111,527
+39,406
| +4% | +$1.27M |
|
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.