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 | |
|---|---|---|---|---|---|---|
1126
DNOW Inc
DNOW
$2.82B
| $26.2M | 0.01% |
1,278,198
-271,388
| -18% | -$5.75M |
|
1127
Sabre
SABR
$936M
| $26.2M | 0.01% |
1,048,414
-212,933
| -17% | -$5.46M |
|
1128
MasTec
MTZ
$18.1B
| $26.2M | 0.01% |
683,817
-103,715
| -13% | -$3.52M |
|
|
VWR
1129
DELISTED
VWR Corporation
VWR
| $26.1M | 0.01% |
1,044,388
+479,771
| +85% | +$12.7M |
|
1130
Pitney Bowes
PBI
$2.37B
| $26.1M | 0.01% |
1,719,584
-192,855
| -10% | -$3.07M |
|
1131
Lazard
LAZ
$3.57B
| $26.1M | 0.01% |
+635,593
| New | +$24.7M |
|
1132
Liberty Latin America Class C
LILAK
$1.71B
| $26.1M | 0.01% |
1,438,985
+998,215
| +226% | +$20M |
|
1133
Empire State Realty Trust
ESRT
$708M
| $26.1M | 0.01% |
1,290,578
-28,001
| -2% | -$555K |
|
1134
Home BancShares
HOMB
$5.95B
| $25.9M | 0.01% |
934,133
+20,971
| +2% | +$509K |
|
|
KS
1135
DELISTED
KapStone Paper and Pack Corp.
KS
| $25.9M | 0.01% |
1,176,120
+36,582
| +3% | +$743K |
|
|
GWB
1136
DELISTED
Great Western Bancorp, Inc.
GWB
| $25.9M | 0.01% |
594,710
| – | – |
|
|
SINA
1137
DELISTED
Sina Corp
SINA
| $25.9M | 0.01% |
426,050
-59,476
| -12% | -$4.26M |
|
1138
Acadia Realty Trust
AKR
$2.67B
| $25.9M | 0.01% |
791,719
| – | – |
|
1139
Visteon
VC
$2.6B
| $25.7M | 0.01% |
320,345
-12,226
| -4% | -$919K |
|
|
FNSR
1140
DELISTED
Finisar Corp
FNSR
| $25.7M | 0.01% |
848,697
+19,224
| +2% | +$590K |
|
|
AFSI
1141
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $25.6M | 0.01% |
935,216
+81,031
| +9% | +$2.16M |
|
|
VRE
1142
DELISTED
Veris Residential
VRE
| $25.6M | 0.01% |
882,234
| – | – |
|
1143
Maximus
MMS
$3.02B
| $25.6M | 0.01% |
458,801
+63,746
| +16% | +$3.46M |
|
|
NATI
1144
DELISTED
National Instruments Corp
NATI
| $25.5M | 0.01% |
828,707
| – | – |
|
1145
Generac Holdings
GNRC
$10.3B
| $25.5M | 0.01% |
625,013
| – | – |
|
1146
Kennametal
KMT
$2.27B
| $25.4M | 0.01% |
814,025
-40,052
| -5% | -$1.26M |
|
|
GPOR
1147
DELISTED
Gulfport Energy Corp.
GPOR
| $25.4M | 0.01% |
1,175,624
+361,976
| +44% | +$9.29M |
|
1148
Churchill Downs
CHDN
$5.76B
| $25.4M | 0.01% |
1,013,460
| – | – |
|
|
LM
1149
DELISTED
Legg Mason, Inc.
LM
| $25.4M | 0.01% |
848,959
+150,184
| +21% | +$4.72M |
|
|
DOC
1150
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $25.4M | 0.01% |
1,338,550
| – | – |
|
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.