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 | |
|---|---|---|---|---|---|---|
1051
National Health Investors
NHI
$3.35B
| $28.9M | 0.01% |
389,345
+27,864
| +8% | +$2.05M |
|
1052
Enerpac Tool Group
EPAC
$1.83B
| $28.9M | 0.01% |
1,112,555
-170,071
| -13% | -$4.26M |
|
1053
Cemex
CX
$14.7B
| $28.9M | 0.01% |
3,738,578
-657,287
| -15% | -$5.22M |
|
|
LGF.B
1054
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $28.8M | 0.01% |
+1,174,903
| New | +$30M |
|
|
BID
1055
DELISTED
Sotheby's
BID
| $28.7M | 0.01% |
721,137
+28,935
| +4% | +$1.1M |
|
1056
Oil States International
OIS
$509M
| $28.7M | 0.01% |
736,920
-31,847
| -4% | -$1.08M |
|
|
AUY
1057
DELISTED
Yamana Gold, Inc.
AUY
| $28.7M | 0.01% |
10,220,907
+917,895
| +10% | +$3M |
|
1058
Cathay General Bancorp
CATY
$4.14B
| $28.6M | 0.01% |
752,256
-428,870
| -36% | -$14.5M |
|
1059
Cooper-Standard Automotive
CPS
$407M
| $28.5M | 0.01% |
276,037
+34,286
| +14% | +$3.31M |
|
|
CMBT
1060
CMB.TECH NV
CMBT
$5.7B
| $28.5M | 0.01% |
3,574,656
-413,158
| -10% | -$3.14M |
|
1061
Timken Company
TKR
$8.09B
| $28.5M | 0.01% |
717,862
+25,031
| +4% | +$930K |
|
1062
MillerKnoll
MLKN
$1.44B
| $28.5M | 0.01% |
832,716
+25,000
| +3% | +$779K |
|
1063
Vishay Intertechnology
VSH
$4.8B
| $28.4M | 0.01% |
1,755,342
+239,280
| +16% | +$3.56M |
|
|
EQY
1064
DELISTED
Equity One
EQY
| $28.4M | 0.01% |
925,977
| – | – |
|
|
ZAYO
1065
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $28.3M | 0.01% |
862,693
-242,310
| -22% | -$7.93M |
|
1066
Rollins
ROL
$16.1B
| $28.3M | 0.01% |
1,885,689
| – | – |
|
1067
XPO
XPO
$20.4B
| $28.3M | 0.01% |
1,894,091
+98,475
| +5% | +$1.37M |
|
1068
Hope Bancorp
HOPE
$1.78B
| $28.2M | 0.01% |
1,288,166
| – | – |
|
1069
La-Z-Boy
LZB
$1.21B
| $28.2M | 0.01% |
907,613
+206,000
| +29% | +$5.58M |
|
1070
Valmont Industries
VMI
$9.18B
| $28.2M | 0.01% |
199,813
-18,408
| -8% | -$2.56M |
|
|
NRF
1071
DELISTED
NorthStar Realty Finance Corp.
NRF
| $28.1M | 0.01% |
1,857,860
+25,000
| +1% | +$363K |
|
1072
Horace Mann Educators
HMN
$2B
| $28.1M | 0.01% |
657,235
| – | – |
|
1073
TTM Technologies
TTMI
$12B
| $28.1M | 0.01% |
2,062,562
+650,064
| +46% | +$8.47M |
|
1074
Sensient Technologies
SXT
$5.46B
| $28.1M | 0.01% |
357,189
| – | – |
|
|
DST
1075
DELISTED
DST Systems Inc.
DST
| $28M | 0.01% |
523,392
+70,120
| +15% | +$3.7M |
|
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.