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 | |
|---|---|---|---|---|---|---|
1176
BlackBerry
BB
$4.48B
| $24.6M | 0.01% |
3,564,034
+127,949
| +4% | +$951K |
|
1177
Northwest Natural Holdings
NWN
$2.05B
| $24.6M | 0.01% |
410,576
-4,300
| -1% | -$250K |
|
|
CAA
1178
DELISTED
CalAtlantic Group, Inc.
CAA
| $24.5M | 0.01% |
721,401
+52,153
| +8% | +$1.72M |
|
|
RGC
1179
DELISTED
Regal Entertainment Group
RGC
| $24.5M | 0.01% |
1,189,953
+269,702
| +29% | +$5.99M |
|
1180
Advanced Energy
AEIS
$10.1B
| $24.5M | 0.01% |
447,013
| – | – |
|
|
DEL
1181
DELISTED
Deltic Timber
DEL
| $24.4M | 0.01% |
317,109
| – | – |
|
|
INVX
1182
Innovex International
INVX
$2.05B
| $24.4M | 0.01% |
406,903
| – | – |
|
1183
Silicon Laboratories
SLAB
$7.33B
| $24.4M | 0.01% |
375,637
| – | – |
|
1184
Kemper
KMPR
$1.61B
| $24.4M | 0.01% |
551,036
+45,750
| +9% | +$1.85M |
|
1185
Protolabs
PRLB
$1.99B
| $24.4M | 0.01% |
475,166
+30,000
| +7% | +$1.57M |
|
|
TARO
1186
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $24.4M | 0.01% |
231,419
+19,694
| +9% | +$2.06M |
|
1187
Primerica
PRI
$8.98B
| $24.3M | 0.01% |
352,061
-47,070
| -12% | -$2.99M |
|
|
CBPO
1188
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $24.3M | 0.01% |
226,378
| – | – |
|
1189
Cameco
CCJ
$39.6B
| $24.3M | 0.01% |
2,318,901
-767,890
| -25% | -$6.93M |
|
1190
First Financial Bankshares
FFIN
$4.78B
| $24.3M | 0.01% |
1,073,698
| – | – |
|
|
POLY
1191
DELISTED
Plantronics, Inc.
POLY
| $24.3M | 0.01% |
442,910
| – | – |
|
1192
UMB Financial
UMBF
$10.2B
| $24.1M | 0.01% |
312,539
-25,974
| -8% | -$1.81M |
|
1193
Matsons
MATX
$7.05B
| $24.1M | 0.01% |
680,866
+900
| +0.1% | +$34.7K |
|
|
PRMW
1194
DELISTED
Primo Water Corporation
PRMW
| $24.1M | 0.01% |
2,124,868
+152,256
| +8% | +$1.89M |
|
1195
Acadia Pharmaceuticals
ACAD
$4.75B
| $24.1M | 0.01% |
833,906
| – | – |
|
|
ROIC
1196
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $23.9M | 0.01% |
1,132,353
+61,518
| +6% | +$1.26M |
|
|
NCI
1197
DELISTED
Navigant Consulting, Inc.
NCI
| $23.8M | 0.01% |
910,440
| – | – |
|
1198
Diamondrock Hospitality Co
DRH
$2.51B
| $23.8M | 0.01% |
2,064,220
| – | – |
|
1199
NETSCOUT
NTCT
$2.8B
| $23.7M | 0.01% |
752,581
-222,571
| -23% | -$6.83M |
|
|
SCAI
1200
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $23.7M | 0.01% |
511,454
+123,399
| +32% | +$5.5M |
|
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.