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 | |
|---|---|---|---|---|---|---|
|
AXE
1251
DELISTED
Anixter International Inc
AXE
| $22.1M | 0.01% |
272,783
+7,700
| +3% | +$558K |
|
1252
Designer Brands
DBI
$313M
| $22M | 0.01% |
970,963
+177,916
| +22% | +$4.04M |
|
|
TUP
1253
DELISTED
Tupperware Brands Corporation
TUP
| $21.9M | 0.01% |
416,667
-137,260
| -25% | -$8.05M |
|
|
BWLD
1254
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $21.9M | 0.01% |
141,760
| – | – |
|
|
SAFM
1255
DELISTED
Sanderson Farms Inc
SAFM
| $21.9M | 0.01% |
232,179
-31,186
| -12% | -$2.76M |
|
|
SCS
1256
DELISTED
Steelcase
SCS
| $21.9M | 0.01% |
1,221,382
| – | – |
|
|
ANAT
1257
DELISTED
American National Group, Inc. Common Stock
ANAT
| $21.8M | 0.01% |
175,200
+9,392
| +6% | +$1.15M |
|
|
NXGN
1258
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $21.8M | 0.01% |
1,659,876
| – | – |
|
|
ESL
1259
DELISTED
Esterline Technologies
ESL
| $21.7M | 0.01% |
243,321
| – | – |
|
|
STL
1260
DELISTED
Sterling Bancorp
STL
| $21.7M | 0.01% |
927,207
-32,601
| -3% | -$675K |
|
1261
Kaiser Aluminum
KALU
$2.53B
| $21.7M | 0.01% |
279,187
+77,246
| +38% | +$6.17M |
|
|
LQ
1262
DELISTED
La Quinta Holdings Inc.
LQ
| $21.7M | 0.01% |
1,524,278
+472,874
| +45% | +$5.61M |
|
1263
Pebblebrook Hotel Trust
PEB
$2.03B
| $21.6M | 0.01% |
726,877
| – | – |
|
1264
Dana Inc
DAN
$3.35B
| $21.6M | 0.01% |
1,138,384
-463,952
| -29% | -$7.76M |
|
|
JNS
1265
DELISTED
Janus Capital Group Inc
JNS
| $21.5M | 0.01% |
1,618,004
+60,000
| +4% | +$824K |
|
|
HMSY
1266
DELISTED
HMS Holdings Corp.
HMSY
| $21.4M | 0.01% |
1,177,954
+266,094
| +29% | +$5.18M |
|
1267
Monolithic Power Systems
MPWR
$56.9B
| $21.3M | 0.01% |
260,371
| – | – |
|
1268
ICL Group
ICL
$7.05B
| $21.3M | 0.01% |
5,189,490
-452,281
| -8% | -$1.74M |
|
1269
Provident Financial Services
PFS
$3.02B
| $21.2M | 0.01% |
748,399
| – | – |
|
1270
Essent Group
ESNT
$6.06B
| $21.2M | 0.01% |
653,727
+70,488
| +12% | +$2.07M |
|
1271
Meritage Homes
MTH
$4.22B
| $21.2M | 0.01% |
1,216,072
-87,400
| -7% | -$1.51M |
|
1272
EPAM Systems
EPAM
$6.1B
| $21.1M | 0.01% |
328,586
+14,639
| +5% | +$940K |
|
|
CADE
1273
DELISTED
Cadence Bank
CADE
| $21M | 0.01% |
676,663
| – | – |
|
1274
Entegris
ENTG
$20.4B
| $21M | 0.01% |
1,172,180
+159,726
| +16% | +$2.77M |
|
1275
Delek US
DK
$4.88B
| $21M | 0.01% |
871,539
-298,021
| -25% | -$5.84M |
|
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.