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 | |
|---|---|---|---|---|---|---|
|
TMH
1001
DELISTED
Team Health Holdings Inc
TMH
| $30.6M | 0.01% |
703,154
-519,528
| -42% | -$21.5M |
|
1002
Cousins Properties
CUZ
$4.65B
| $30.5M | 0.01% |
897,279
+165,932
| +23% | +$5.24M |
|
|
EDR
1003
DELISTED
Education Realty Trust Inc
EDR
| $30.5M | 0.01% |
721,801
| – | – |
|
|
AKS
1004
DELISTED
AK Steel Holding Corp
AKS
| $30.5M | 0.01% |
2,989,908
+639,804
| +27% | +$4.87M |
|
|
CHS
1005
DELISTED
Chicos FAS, Inc.
CHS
| $30.4M | 0.01% |
2,115,644
+9,483
| +0.5% | +$131K |
|
1006
Acco Brands
ACCO
$392M
| $30.4M | 0.01% |
2,332,400
+500,964
| +27% | +$5.86M |
|
1007
Opko Health
OPK
$1.2B
| $30.4M | 0.01% |
3,271,032
+198,044
| +6% | +$2.05M |
|
|
DNB
1008
DELISTED
Dun & Bradstreet
DNB
| $30.3M | 0.01% |
249,962
-29,095
| -10% | -$3.58M |
|
1009
Energizer
ENR
$1.42B
| $30.3M | 0.01% |
679,030
+69,708
| +11% | +$3.18M |
|
1010
Trustmark
TRMK
$2.74B
| $30.3M | 0.01% |
849,040
| – | – |
|
1011
Old National Bancorp
ONB
$9.68B
| $30.2M | 0.01% |
1,666,406
+72,674
| +5% | +$1.17M |
|
1012
OSI Systems
OSIS
$3.22B
| $30.2M | 0.01% |
397,272
-34,141
| -8% | -$2.46M |
|
|
CLGX
1013
DELISTED
Corelogic, Inc.
CLGX
| $30.2M | 0.01% |
820,191
+91,475
| +13% | +$3.54M |
|
1014
NETGEAR
NTGR
$618M
| $30.1M | 0.01% |
554,712
+21,304
| +4% | +$1.14M |
|
1015
COPT Defense Properties
CDP
$3.89B
| $30.1M | 0.01% |
965,133
| – | – |
|
|
TVPT
1016
DELISTED
Travelport Worldwide Limited
TVPT
| $30.1M | 0.01% |
2,134,994
+1,209,994
| +131% | +$16.8M |
|
|
SKX
1017
DELISTED
Skechers
SKX
| $30M | 0.01% |
1,221,732
+181,665
| +17% | +$4.19M |
|
|
PE
1018
DELISTED
PARSLEY ENERGY INC
PE
| $30M | 0.01% |
850,584
-165,500
| -16% | -$5.86M |
|
|
PDCE
1019
DELISTED
PDC Energy, Inc.
PDCE
| $30M | 0.01% |
412,921
-65,849
| -14% | -$4.53M |
|
|
BRFS
1020
DELISTED
BRF SA
BRFS
| $30M | 0.01% |
2,029,501
| – | – |
|
1021
AMC Global Media
AMCX
$501M
| $29.9M | 0.01% |
572,119
+184,434
| +48% | +$9.57M |
|
|
WSTC
1022
DELISTED
West Corporation
WSTC
| $29.9M | 0.01% |
1,208,855
+150,000
| +14% | +$3.48M |
|
1023
Veeva Systems
VEEV
$42.9B
| $29.9M | 0.01% |
735,002
+73,653
| +11% | +$3.01M |
|
1024
AutoNation
AN
$6.46B
| $29.9M | 0.01% |
614,788
| – | – |
|
1025
B&G Foods
BGS
$255M
| $29.9M | 0.01% |
682,453
+55,211
| +9% | +$2.45M |
|
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.