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 | |
|---|---|---|---|---|---|---|
1451
Helios Technologies
HLIO
$2.21B
| $16.2M | 0.01% |
405,114
| – | – |
|
|
SEM
1452
DELISTED
Select Medical
SEM
| $16.2M | 0.01% |
2,267,039
+957,148
| +73% | +$6.66M |
|
|
KNGT
1453
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $16.2M | 0.01% |
489,331
| – | – |
|
1454
Materion
MTRN
$5.17B
| $16.2M | 0.01% |
408,249
| – | – |
|
1455
Upbound Group
UPBD
$1.04B
| $16.1M | 0.01% |
1,433,484
| – | – |
|
1456
CVB Financial
CVBF
$4B
| $16M | 0.01% |
697,589
| – | – |
|
|
MANT
1457
DELISTED
Mantech International Corp
MANT
| $16M | 0.01% |
377,795
+16,600
| +5% | +$683K |
|
1458
Liberty Latin America Class A
LILA
$1.71B
| $15.9M | 0.01% |
1,133,570
+48,435
| +4% | +$736K |
|
|
HRG
1459
DELISTED
HRG Group, Inc.
HRG
| $15.9M | 0.01% |
1,023,881
| – | – |
|
1460
White Mountains Insurance
WTM
$4.92B
| $15.9M | 0.01% |
19,016
+13,868
| +269% | +$11.6M |
|
1461
Interface
TILE
$2B
| $15.9M | 0.01% |
856,616
| – | – |
|
1462
GoDaddy
GDDY
$12.5B
| $15.9M | 0.01% |
454,396
| – | – |
|
1463
WD-40
WDFC
$2.55B
| $15.9M | 0.01% |
135,771
| – | – |
|
|
CEL
1464
DELISTED
Cellcom Israel, Ltd.
CEL
| $15.8M | 0.01% |
1,969,384
-136,332
| -6% | -$1.06M |
|
|
DOOR
1465
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $15.8M | 0.01% |
239,659
| – | – |
|
|
PEGI
1466
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $15.8M | 0.01% |
829,717
+776,337
| +1,454% | +$16M |
|
|
BRKL
1467
DELISTED
Brookline Bancorp
BRKL
| $15.7M | 0.01% |
960,123
| – | – |
|
|
TDAY
1468
USA Today Co
TDAY
$951M
| $15.7M | 0.01% |
981,993
+282,217
| +40% | +$4.36M |
|
1469
BP
BP
$117B
| $15.6M | 0.01% |
488,135
| – | – |
|
1470
Xencor
XNCR
$1.76B
| $15.6M | 0.01% |
592,730
+50,000
| +9% | +$1.2M |
|
1471
Seaboard Corp
SEB
$4.14B
| $15.5M | 0.01% |
3,930
| – | – |
|
1472
ESCO Technologies
ESE
$6.71B
| $15.5M | 0.01% |
274,142
| – | – |
|
1473
Greif
GEF
$4.71B
| $15.5M | 0.01% |
302,473
+39,936
| +15% | +$2.03M |
|
1474
Zillow
ZG
$7.2B
| $15.5M | 0.01% |
425,796
+59,424
| +16% | +$2.08M |
|
|
AVX
1475
DELISTED
AVX Corporation
AVX
| $15.5M | 0.01% |
990,741
+71,900
| +8% | +$1.06M |
|
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.