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 | |
|---|---|---|---|---|---|---|
|
JUNO
1526
DELISTED
Juno Therapeutics, Inc.
JUNO
| $14M | 0.01% |
742,341
+85,059
| +13% | +$2.08M |
|
1527
Metallus
MTUS
$799M
| $14M | 0.01% |
903,431
-120,158
| -12% | -$1.61M |
|
|
MLNX
1528
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $14M | 0.01% |
341,893
-43,341
| -11% | -$1.83M |
|
|
PHH
1529
DELISTED
PHH Corporation
PHH
| $13.9M | 0.01% |
919,899
+179,084
| +24% | +$2.65M |
|
|
HMHC
1530
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $13.9M | 0.01% |
1,283,907
| – | – |
|
1531
Ethan Allen Interiors
ETD
$545M
| $13.9M | 0.01% |
377,625
+900
| +0.2% | +$30.1K |
|
|
BOBE
1532
DELISTED
Bob Evans Farms, Inc.
BOBE
| $13.9M | 0.01% |
260,331
-25,000
| -9% | -$1.13M |
|
1533
Safety Insurance
SAFT
$1.52B
| $13.8M | 0.01% |
187,823
| – | – |
|
|
IPHI
1534
DELISTED
INPHI CORPORATION
IPHI
| $13.8M | 0.01% |
308,463
+79,058
| +34% | +$3.39M |
|
|
TGI
1535
DELISTED
Triumph Group
TGI
| $13.7M | 0.01% |
517,729
| – | – |
|
1536
Pan American Silver
PAAS
$19.7B
| $13.7M | 0.01% |
907,911
| – | – |
|
1537
Shenandoah Telecom
SHEN
$642M
| $13.7M | 0.01% |
501,714
-52,771
| -10% | -$1.42M |
|
|
BNCL
1538
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $13.7M | 0.01% |
744,172
+25,000
| +3% | +$409K |
|
1539
EXL Service
EXLS
$5.44B
| $13.7M | 0.01% |
1,354,815
| – | – |
|
1540
Amkor Technology
AMKR
$11.5B
| $13.7M | 0.01% |
1,293,902
-89,765
| -6% | -$956K |
|
|
MAGN
1541
Magnera Corp
MAGN
$414M
| $13.6M | 0.01% |
43,831
-2,369
| -5% | -$685K |
|
|
HTZ
1542
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $13.6M | 0.01% |
724,665
-513,566
| -41% | -$12.8M |
|
|
RDUS
1543
DELISTED
Radius Health, Inc.
RDUS
| $13.5M | 0.01% |
355,474
| – | – |
|
|
AMED
1544
DELISTED
Amedisys
AMED
| $13.5M | 0.01% |
316,279
+34,053
| +12% | +$1.45M |
|
1545
Scansource
SCSC
$1.14B
| $13.5M | 0.01% |
334,111
+50,000
| +18% | +$1.86M |
|
|
HW
1546
DELISTED
Headwaters Inc
HW
| $13.4M | 0.01% |
571,792
+59,453
| +12% | +$1.21M |
|
|
RAVN
1547
DELISTED
Raven Industries Inc
RAVN
| $13.4M | 0.01% |
533,050
+56,000
| +12% | +$1.33M |
|
|
LTRPA
1548
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $13.4M | 0.01% |
891,102
+410,895
| +86% | +$7.58M |
|
|
PEI
1549
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $13.4M | 0.01% |
47,092
| – | – |
|
1550
US Foods
USFD
$20B
| $13.4M | 0.01% |
487,339
-1,236,799
| -72% | -$29.7M |
|
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.