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 | |
|---|---|---|---|---|---|---|
|
ILG
1201
DELISTED
ILG, Inc Common Stock
ILG
| $23.6M | 0.01% |
1,299,265
| – | – |
|
|
ADSW
1202
DELISTED
Advanced Disposal Services Inc
ADSW
| $23.6M | 0.01% |
+1,062,069
| New | +$21.4M |
|
|
UFS
1203
DELISTED
DOMTAR CORPORATION (New)
UFS
| $23.6M | 0.01% |
603,467
-112,486
| -16% | -$4.28M |
|
|
DGI
1204
DELISTED
DigitalGlobe Inc.
DGI
| $23.5M | 0.01% |
821,402
| – | – |
|
|
KATE
1205
DELISTED
Kate Spade & Company
KATE
| $23.5M | 0.01% |
1,258,550
+164,996
| +15% | +$2.7M |
|
1206
Bright Horizons
BFAM
$3.34B
| $23.5M | 0.01% |
335,311
| – | – |
|
1207
Eldorado Gold
EGO
$10.6B
| $23.4M | 0.01% |
1,453,517
+290,432
| +25% | +$4.56M |
|
1208
Semtech
SMTC
$15.6B
| $23.4M | 0.01% |
740,757
+48,332
| +7% | +$1.35M |
|
1209
United Bankshares
UBSI
$6.44B
| $23.3M | 0.01% |
503,312
-62,940
| -11% | -$2.67M |
|
|
VRTV
1210
DELISTED
VERITIV CORPORATION
VRTV
| $23.2M | 0.01% |
432,019
| – | – |
|
1211
Cheesecake Factory
CAKE
$4.83B
| $23.2M | 0.01% |
387,258
-42,384
| -10% | -$2.4M |
|
|
RSPP
1212
DELISTED
RSP Permian, Inc.
RSPP
| $23.2M | 0.01% |
519,143
+129,424
| +33% | +$5.36M |
|
1213
HubSpot
HUBS
$11.8B
| $23.2M | 0.01% |
492,760
+54,792
| +13% | +$2.9M |
|
|
BUFF
1214
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $23.2M | 0.01% |
963,226
+105,573
| +12% | +$2.56M |
|
|
BECN
1215
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $23.1M | 0.01% |
501,662
-68,155
| -12% | -$3.05M |
|
1216
The Mosaic Company
MOS
$7.88B
| $23.1M | 0.01% |
787,585
-143,213
| -15% | -$3.84M |
|
1217
Northern Trust
NTRS
$32.3B
| $23.1M | 0.01% |
259,014
-112,476
| -30% | -$8.94M |
|
|
CLNY
1218
DELISTED
Colony Capital, Inc.
CLNY
| $23.1M | 0.01% |
1,138,965
| – | – |
|
1219
Celestica
CLS
$40.8B
| $23M | 0.01% |
1,936,686
+481,900
| +33% | +$5.65M |
|
1220
Healthcare Services Group
HCSG
$1.5B
| $23M | 0.01% |
586,141
-42,000
| -7% | -$1.61M |
|
1221
HUB Group
HUBG
$2.03B
| $22.9M | 0.01% |
1,049,088
-33,000
| -3% | -$682K |
|
|
BLUE
1222
DELISTED
bluebird bio
BLUE
| $22.9M | 0.01% |
28,702
-3,924
| -12% | -$3.12M |
|
|
TIME
1223
DELISTED
Time Inc.
TIME
| $22.9M | 0.01% |
1,284,807
| – | – |
|
1224
Benchmark Electronics
BHE
$2.65B
| $22.9M | 0.01% |
751,094
+50,000
| +7% | +$1.37M |
|
|
QTS
1225
DELISTED
QTS REALTY TRUST, INC.
QTS
| $22.8M | 0.01% |
459,788
+24,510
| +6% | +$1.18M |
|
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.