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 | |
|---|---|---|---|---|---|---|
1276
Evercore
EVR
$10.1B
| $20.9M | 0.01% |
304,743
-20,000
| -6% | -$1.23M |
|
1277
Pinnacle Financial Partners Inc
PNFP
$14.5B
| $20.9M | 0.01% |
302,051
| – | – |
|
|
VRNT
1278
DELISTED
Verint Systems
VRNT
| $20.9M | 0.01% |
1,164,931
-102,505
| -8% | -$1.91M |
|
|
LBRDK
1279
DELISTED
Liberty Broadband Class C
LBRDK
| $20.8M | 0.01% |
281,204
+150,233
| +115% | +$10.6M |
|
|
JE
1280
DELISTED
Just Energy Group Inc
JE
| $20.8M | 0.01% |
115,238
-5,669
| -5% | -$991K |
|
|
ATHN
1281
DELISTED
Athenahealth, Inc.
ATHN
| $20.8M | 0.01% |
197,303
-27,235
| -12% | -$2.93M |
|
1282
Baytex Energy
BTE
$3.42B
| $20.7M | 0.01% |
4,238,170
+859,217
| +25% | +$3.73M |
|
1283
Telephone and Data Systems
TDS
$4.27B
| $20.7M | 0.01% |
716,797
-81,504
| -10% | -$2.22M |
|
1284
Commault Systems
CVLT
$6.02B
| $20.7M | 0.01% |
401,811
-55,817
| -12% | -$2.99M |
|
|
TRVG
1285
trivago
TRVG
$394M
| $20.6M | 0.01% |
+350,000
| New | +$20.6M |
|
1286
Haemonetics
HAE
$4.83B
| $20.5M | 0.01% |
510,245
+135,768
| +36% | +$5.12M |
|
|
CAB
1287
DELISTED
Cabela's Inc
CAB
| $20.5M | 0.01% |
350,286
+71,852
| +26% | +$4.46M |
|
|
HSNI
1288
DELISTED
HSN, Inc.
HSNI
| $20.4M | 0.01% |
595,630
+190,636
| +47% | +$7.12M |
|
|
NE
1289
DELISTED
Noble Corporation
NE
| $20.4M | 0.01% |
3,448,860
| – | – |
|
|
ESGR
1290
DELISTED
Enstar Group
ESGR
| $20.4M | 0.01% |
103,097
| – | – |
|
|
CUDA
1291
DELISTED
Barracuda Networks, Inc.
CUDA
| $20.4M | 0.01% |
949,688
| – | – |
|
1292
J&J Snack Foods
JJSF
$1.51B
| $20.3M | 0.01% |
152,293
| – | – |
|
1293
NovaGold Resources
NG
$3.07B
| $20.3M | 0.01% |
4,449,878
-394,130
| -8% | -$1.78M |
|
1294
SouthState Bank Corp
SSB
$10.1B
| $20.3M | 0.01% |
232,001
| – | – |
|
1295
Glacier Bancorp
GBCI
$5.85B
| $20.2M | 0.01% |
557,487
| – | – |
|
1296
Lumentum
LITE
$82.5B
| $20.2M | 0.01% |
522,171
-27,061
| -5% | -$1.08M |
|
1297
NBT Bancorp
NBTB
$2.68B
| $20.2M | 0.01% |
481,901
| – | – |
|
|
AKRX
1298
DELISTED
Akorn Inc
AKRX
| $20.2M | 0.01% |
923,990
| – | – |
|
1299
Ormat Technologies
ORA
$5.65B
| $20.1M | 0.01% |
375,654
-129,712
| -26% | -$6.3M |
|
1300
Texas Roadhouse
TXRH
$11.2B
| $20.1M | 0.01% |
417,528
| – | – |
|
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.