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 | |
|---|---|---|---|---|---|---|
976
Nektar Therapeutics
NKTR
$2.3B
| $31.6M | 0.01% |
171,552
+18,105
| +12% | +$3.68M |
|
977
Arista Networks
ANET
$249B
| $31.5M | 0.01% |
5,211,104
+331,600
| +7% | +$1.86M |
|
|
HZNP
978
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $31.5M | 0.01% |
1,944,782
+451,036
| +30% | +$8.18M |
|
979
Rayonier
RYN
$5.96B
| $31.5M | 0.01% |
1,303,324
| – | – |
|
|
BIG
980
DELISTED
Big Lots, Inc.
BIG
| $31.4M | 0.01% |
624,908
+41,846
| +7% | +$2.05M |
|
981
HEICO Corp
HEI
$41.8B
| $31.4M | 0.01% |
992,634
+225,908
| +29% | +$6.79M |
|
982
Adeia
ADEA
$2.75B
| $31.3M | 0.01% |
2,677,854
+31,374
| +1% | +$333K |
|
983
Core Laboratories
CLB
$525M
| $31.2M | 0.01% |
260,316
-543,039
| -68% | -$60.1M |
|
|
PVTB
984
DELISTED
PrivateBancorp Inc
PVTB
| $31.2M | 0.01% |
576,633
| – | – |
|
985
Sunstone Hotel Investors
SHO
$2.05B
| $31.2M | 0.01% |
2,043,743
| – | – |
|
986
Fortinet
FTNT
$126B
| $31.1M | 0.01% |
5,154,835
-491,855
| -9% | -$3.07M |
|
987
Sinclair Inc
SBGI
$1.01B
| $31M | 0.01% |
929,770
+19,300
| +2% | +$575K |
|
|
SONC
988
DELISTED
Sonic Corp
SONC
| $31M | 0.01% |
1,167,562
+758,762
| +186% | +$19.8M |
|
989
ASML
ASML
$615B
| $30.9M | 0.01% |
275,670
| – | – |
|
990
Jones Lang LaSalle
JLL
$15.7B
| $30.9M | 0.01% |
305,735
-53,867
| -15% | -$5.41M |
|
|
COHR
991
DELISTED
Coherent Inc
COHR
| $30.9M | 0.01% |
224,658
-17,675
| -7% | -$2.15M |
|
992
Zebra Technologies
ZBRA
$16.1B
| $30.8M | 0.01% |
359,608
| – | – |
|
993
Tanger
SKT
$4.11B
| $30.8M | 0.01% |
861,225
| – | – |
|
994
Bloomin' Brands
BLMN
$688M
| $30.8M | 0.01% |
1,708,612
+226,985
| +15% | +$4.11M |
|
995
Hain Celestial
HAIN
$53.2M
| $30.8M | 0.01% |
788,873
+215,574
| +38% | +$8.08M |
|
996
IPG Photonics
IPGP
$3.27B
| $30.8M | 0.01% |
311,670
+84,726
| +37% | +$7.9M |
|
|
IDTI
997
DELISTED
Integrated Device Technology I
IDTI
| $30.8M | 0.01% |
1,305,748
+9,869
| +0.8% | +$228K |
|
|
STOR
998
DELISTED
STORE Capital Corporation
STOR
| $30.7M | 0.01% |
1,243,077
| – | – |
|
|
ARGO
999
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $30.6M | 0.01% |
534,536
| – | – |
|
1000
World Kinect Corp
WKC
$1.81B
| $30.6M | 0.01% |
666,126
| – | – |
|
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.