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 | |
|---|---|---|---|---|---|---|
|
GCI
1301
DELISTED
Gannett Co., Inc
GCI
| $20.1M | 0.01% |
2,072,783
+260,000
| +14% | +$2.54M |
|
|
VIVO
1302
DELISTED
Meridian Bioscience Inc
VIVO
| $20.1M | 0.01% |
1,136,022
| – | – |
|
1303
Dine Brands
DIN
$354M
| $20.1M | 0.01% |
260,992
+25,697
| +11% | +$2.09M |
|
|
MEG
1304
DELISTED
Media General, Inc
MEG
| $20M | 0.01% |
1,063,842
| – | – |
|
|
ALEX
1305
DELISTED
Alexander & Baldwin
ALEX
| $20M | 0.01% |
445,950
| – | – |
|
1306
U-Haul Holding Co
UHAL
$12.3B
| $20M | 0.01% |
540,100
-66,070
| -11% | -$2.27M |
|
|
AMAG
1307
DELISTED
AMAG Pharmaceuticals
AMAG
| $19.9M | 0.01% |
572,239
+195,133
| +52% | +$5.83M |
|
1308
Papa John's
PZZA
$668M
| $19.9M | 0.01% |
232,661
-19,611
| -8% | -$1.63M |
|
|
LPNT
1309
DELISTED
LifePoint Health, Inc.
LPNT
| $19.9M | 0.01% |
349,729
+15,879
| +5% | +$919K |
|
|
WEB
1310
DELISTED
Web.com Group, Inc.
WEB
| $19.9M | 0.01% |
938,628
+57,800
| +7% | +$980K |
|
|
MORE
1311
DELISTED
Monogram Residential Trust, Inc.
MORE
| $19.8M | 0.01% |
1,833,842
| – | – |
|
|
KW
1312
DELISTED
Kennedy-Wilson Holdings
KW
| $19.8M | 0.01% |
966,547
| – | – |
|
1313
Interactive Brokers
IBKR
$40.1B
| $19.8M | 0.01% |
2,166,200
+272,164
| +14% | +$2.48M |
|
1314
Trex
TREX
$4.45B
| $19.7M | 0.01% |
1,226,292
+372,536
| +44% | +$5.82M |
|
1315
Brookdale Senior Living
BKD
$2.77B
| $19.7M | 0.01% |
1,589,152
-89,371
| -5% | -$1.2M |
|
1316
New York Times
NYT
$11.5B
| $19.7M | 0.01% |
1,481,890
-159,945
| -10% | -$1.98M |
|
1317
Brink's
BCO
$4.44B
| $19.7M | 0.01% |
477,107
-84,766
| -15% | -$3.4M |
|
1318
Northwest Bancshares
NWBI
$2.26B
| $19.6M | 0.01% |
1,087,560
| – | – |
|
|
XXIA
1319
DELISTED
Ixia
XXIA
| $19.6M | 0.01% |
1,215,570
| – | – |
|
1320
Sun Life Financial
SLF
$44.8B
| $19.5M | 0.01% |
508,483
+79,138
| +18% | +$2.87M |
|
1321
Power Integrations
POWI
$2.75B
| $19.5M | 0.01% |
575,720
| – | – |
|
1322
Methode Electronics
MEI
$494M
| $19.5M | 0.01% |
472,024
+18,294
| +4% | +$671K |
|
1323
Ligand Pharmaceuticals
LGND
$5.61B
| $19.5M | 0.01% |
307,627
| – | – |
|
1324
Kite Realty
KRG
$5.14B
| $19.5M | 0.01% |
830,339
+9,140
| +1% | +$226K |
|
1325
Kulicke & Soffa
KLIC
$4.25B
| $19.5M | 0.01% |
1,222,033
+114,566
| +10% | +$1.67M |
|
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.