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 | |
|---|---|---|---|---|---|---|
1226
Paycom
PAYC
$10.3B
| $22.8M | 0.01% |
501,074
+259,674
| +108% | +$12.1M |
|
1227
Brady Corp
BRC
$3.97B
| $22.8M | 0.01% |
606,935
| – | – |
|
1228
Guidewire Software
GWRE
$12B
| $22.8M | 0.01% |
461,395
-19,098
| -4% | -$1.07M |
|
|
MNTA
1229
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $22.6M | 0.01% |
1,504,994
| – | – |
|
1230
Wendy's
WEN
$1.34B
| $22.6M | 0.01% |
1,672,693
-267,680
| -14% | -$3.23M |
|
|
MDCO
1231
DELISTED
Medicines Co
MDCO
| $22.6M | 0.01% |
665,846
| – | – |
|
|
SGI
1232
Somnigroup International
SGI
$13.5B
| $22.6M | 0.01% |
1,322,016
-292,112
| -18% | -$4.36M |
|
|
SPTN
1233
DELISTED
SpartanNash
SPTN
| $22.5M | 0.01% |
569,915
| – | – |
|
1234
Capitol Federal Financial
CFFN
$1.09B
| $22.5M | 0.01% |
1,368,677
| – | – |
|
1235
KBR
KBR
$4.61B
| $22.5M | 0.01% |
1,349,284
-58,997
| -4% | -$939K |
|
1236
AZZ Inc
AZZ
$3.99B
| $22.5M | 0.01% |
352,155
+38,265
| +12% | +$2.31M |
|
1237
Plexus
PLXS
$6.46B
| $22.4M | 0.01% |
414,899
+15,000
| +4% | +$742K |
|
|
SF
1238
Stifel
SF
$11.4B
| $22.4M | 0.01% |
1,007,951
| – | – |
|
|
VSTO
1239
DELISTED
Vista Outdoor Inc.
VSTO
| $22.4M | 0.01% |
606,211
-14,855
| -2% | -$574K |
|
1240
Banco Santander
SAN
$209B
| $22.4M | 0.01% |
4,502,307
+51,161
| +1% | +$233K |
|
|
CAVM
1241
DELISTED
Cavium, Inc.
CAVM
| $22.3M | 0.01% |
357,812
-70,500
| -16% | -$4.07M |
|
1242
Coherent
COHR
$56.8B
| $22.3M | 0.01% |
753,499
-170,499
| -18% | -$4.86M |
|
|
DO
1243
DELISTED
Diamond Offshore Drilling
DO
| $22.3M | 0.01% |
1,261,532
+289,123
| +30% | +$5.1M |
|
|
PDS
1244
Precision Drilling
PDS
$1.11B
| $22.3M | 0.01% |
204,517
-23,307
| -10% | -$2.29M |
|
|
WAGE
1245
DELISTED
WageWorks, Inc.
WAGE
| $22.3M | 0.01% |
307,791
+17,523
| +6% | +$1.18M |
|
1246
Liberty Media Series A
FWONA
$21.9B
| $22.3M | 0.01% |
742,250
| – | – |
|
1247
RLI Corp
RLI
$5.56B
| $22.3M | 0.01% |
705,740
| – | – |
|
1248
Element Solutions
ESI
$7.82B
| $22.2M | 0.01% |
2,265,992
+134,931
| +6% | +$1.15M |
|
|
CCP
1249
DELISTED
Care Capital Properties, Inc.
CCP
| $22.2M | 0.01% |
888,801
| – | – |
|
|
XHR
1250
Xenia Hotels & Resorts
XHR
$1.62B
| $22.2M | 0.01% |
1,141,435
| – | – |
|
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.