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 | |
|---|---|---|---|---|---|---|
1151
Stepan Co
SCL
$1.4B
| $25.4M | 0.01% |
311,451
+14,257
| +5% | +$1.1M |
|
1152
Helen of Troy
HELE
$634M
| $25.4M | 0.01% |
300,251
+36,384
| +14% | +$3.04M |
|
1153
Manulife Financial
MFC
$72.4B
| $25.3M | 0.01% |
1,421,651
-690,760
| -33% | -$11.3M |
|
1154
Flowers Foods
FLO
$1.3B
| $25.3M | 0.01% |
1,269,045
| – | – |
|
|
CVSA
1155
Covista Inc
CVSA
$4.33B
| $25.2M | 0.01% |
808,436
| – | – |
|
|
CPLA
1156
DELISTED
Capella Education Company
CPLA
| $25.2M | 0.01% |
287,232
| – | – |
|
1157
American Eagle Outfitters
AEO
$2.48B
| $25.2M | 0.01% |
1,662,040
-152,667
| -8% | -$2.61M |
|
|
VTLE
1158
DELISTED
Vital Energy
VTLE
| $25.2M | 0.01% |
89,124
| – | – |
|
|
EXAS
1159
DELISTED
Exact Sciences
EXAS
| $25.2M | 0.01% |
1,886,222
-162,986
| -8% | -$2.63M |
|
|
CIR
1160
DELISTED
CIRCOR International, Inc
CIR
| $25.2M | 0.01% |
388,062
| – | – |
|
|
DNR
1161
DELISTED
Denbury Resources, Inc.
DNR
| $25.1M | 0.01% |
6,830,929
+1,048,535
| +18% | +$3.37M |
|
|
ELME
1162
Elme Communities
ELME
$145M
| $25M | 0.01% |
765,015
| – | – |
|
|
PSB
1163
DELISTED
PS Business Parks, Inc.
PSB
| $25M | 0.01% |
214,594
| – | – |
|
1164
EastGroup Properties
EGP
$10.6B
| $25M | 0.01% |
338,335
| – | – |
|
|
CSGS
1165
DELISTED
CSG Systems International
CSGS
| $25M | 0.01% |
515,674
+73,555
| +17% | +$3.17M |
|
1166
FirstCash
FCFS
$9.53B
| $24.9M | 0.01% |
529,665
| – | – |
|
1167
Alnylam Pharmaceuticals
ALNY
$32B
| $24.9M | 0.01% |
664,663
+116,894
| +21% | +$4.89M |
|
|
MIK
1168
DELISTED
Michaels Stores, Inc
MIK
| $24.9M | 0.01% |
1,216,642
+15,377
| +1% | +$357K |
|
1169
CoStar Group
CSGP
$12.3B
| $24.9M | 0.01% |
1,319,460
-1,061,630
| -45% | -$20.9M |
|
|
USG
1170
DELISTED
Usg
USG
| $24.8M | 0.01% |
860,249
+54,161
| +7% | +$1.49M |
|
|
KNL
1171
DELISTED
Knoll, Inc.
KNL
| $24.8M | 0.01% |
889,036
+102,050
| +13% | +$2.5M |
|
1172
Stantec
STN
$7.91B
| $24.7M | 0.01% |
978,206
+21,600
| +2% | +$534K |
|
1173
Ubiquiti
UI
$34.5B
| $24.7M | 0.01% |
426,712
-17,901
| -4% | -$977K |
|
|
CCMP
1174
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $24.7M | 0.01% |
390,330
| – | – |
|
|
CBI
1175
DELISTED
Chicago Bridge & Iron Nv
CBI
| $24.6M | 0.01% |
776,120
-52,039
| -6% | -$1.63M |
|
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.