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 | |
|---|---|---|---|---|---|---|
|
STAY
1376
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $18.4M | 0.01% |
1,138,365
+185,000
| +19% | +$2.77M |
|
1377
Globus Medical
GMED
$10.1B
| $18.3M | 0.01% |
738,441
+235,882
| +47% | +$5.36M |
|
1378
IAMGOLD
IAG
$11.1B
| $18.3M | 0.01% |
4,733,122
-1,069,565
| -18% | -$4M |
|
1379
Ironwood Pharmaceuticals
IRWD
$689M
| $18.3M | 0.01% |
1,427,876
+161,589
| +13% | +$2.04M |
|
1380
BGC Group
BGC
$5.79B
| $18.3M | 0.01% |
2,778,490
| – | – |
|
1381
Prothena Corp
PRTA
$423M
| $18.3M | 0.01% |
371,553
| – | – |
|
|
CPE
1382
DELISTED
Callon Petroleum Company
CPE
| $18.3M | 0.01% |
118,808
+66,600
| +128% | +$10.2M |
|
|
ESND
1383
DELISTED
Essendant Inc.
ESND
| $18.2M | 0.01% |
872,390
-4,627
| -0.5% | -$87.9K |
|
|
LEXEA
1384
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $18.2M | 0.01% |
+459,119
| New | +$19.5M |
|
1385
Sabra Healthcare REIT
SBRA
$5.13B
| $18.2M | 0.01% |
745,601
| – | – |
|
1386
TripAdvisor
TRIP
$1.05B
| $18.2M | 0.01% |
392,378
-395,205
| -50% | -$21.7M |
|
|
GK
1387
DELISTED
G&K Services Inc
GK
| $18.2M | 0.01% |
188,621
+20,940
| +12% | +$2M |
|
1388
Renasant Corp
RNST
$3.7B
| $18.2M | 0.01% |
430,421
| – | – |
|
|
SJI
1389
DELISTED
South Jersey Industries, Inc.
SJI
| $18.1M | 0.01% |
538,389
-75,961
| -12% | -$2.37M |
|
1390
ICU Medical
ICUI
$3.89B
| $18.1M | 0.01% |
123,020
+22,519
| +22% | +$3.26M |
|
1391
Rayonier Advanced Materials
RYAM
$559M
| $18.1M | 0.01% |
1,171,647
| – | – |
|
1392
Deckers Outdoor
DECK
$10.6B
| $18.1M | 0.01% |
1,959,882
+156,156
| +9% | +$1.5M |
|
|
AAT
1393
American Assets Trust
AAT
$1.34B
| $18.1M | 0.01% |
419,933
+23,378
| +6% | +$953K |
|
1394
Rambus
RMBS
$8.83B
| $18M | 0.01% |
1,309,859
| – | – |
|
1395
Huron Consulting
HURN
$2.45B
| $18M | 0.01% |
355,951
+42,500
| +14% | +$2.27M |
|
1396
Invesco Mortgage Capital
IVR
$704M
| $17.9M | 0.01% |
122,920
| – | – |
|
1397
NorthWestern Energy
NWE
$4.22B
| $17.9M | 0.01% |
314,814
| – | – |
|
1398
Sturm, Ruger & Co
RGR
$592M
| $17.9M | 0.01% |
339,659
+17,911
| +6% | +$989K |
|
|
LGF.A
1399
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $17.9M | 0.01% |
+664,512
| New | +$18M |
|
1400
Archrock
AROC
$5.44B
| $17.8M | 0.01% |
1,351,779
+3,300
| +0.2% | +$42.6K |
|
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.