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 | |
|---|---|---|---|---|---|---|
|
RP
1576
DELISTED
RealPage, Inc.
RP
| $12.9M | 0.01% |
430,320
+46,418
| +12% | +$1.3M |
|
1577
Copa Holdings
CPA
$5.23B
| $12.9M | 0.01% |
141,986
-141,328
| -50% | -$12.8M |
|
|
AVP
1578
DELISTED
Avon Products, Inc.
AVP
| $12.9M | 0.01% |
2,558,995
+518,344
| +25% | +$3.01M |
|
|
TBI
1579
Trueblue
TBI
$276M
| $12.9M | 0.01% |
523,077
| – | – |
|
1580
Coeur Mining
CDE
$19.5B
| $12.8M | 0.01% |
1,411,566
+184,531
| +15% | +$1.9M |
|
|
GZT
1581
DELISTED
Gazit-globe Ltd
GZT
| $12.8M | 0.01% |
1,503,400
| – | – |
|
1582
Dycom Industries
DY
$8.67B
| $12.8M | 0.01% |
159,523
-40,901
| -20% | -$3.31M |
|
1583
Watts Water Technologies
WTS
$11.6B
| $12.8M | 0.01% |
196,324
| – | – |
|
1584
Tenaris
TS
$28.4B
| $12.7M | 0.01% |
357,005
| – | – |
|
1585
Resources Connection
RGP
$139M
| $12.7M | 0.01% |
657,713
| – | – |
|
1586
Lexicon Pharmaceuticals
LXRX
$899M
| $12.6M | 0.01% |
909,764
+52,849
| +6% | +$848K |
|
1587
Astec Industries
ASTE
$942M
| $12.5M | 0.01% |
185,896
+31,800
| +21% | +$1.99M |
|
1588
Winnebago Industries
WGO
$767M
| $12.5M | 0.01% |
396,239
-75,000
| -16% | -$2.34M |
|
|
ALX
1589
Alexander's
ALX
$1.26B
| $12.5M | 0.01% |
29,352
| – | – |
|
1590
City Holding Co
CHCO
$2.02B
| $12.5M | 0.01% |
185,189
| – | – |
|
|
SSRI
1591
DELISTED
Silver Standard Resources
SSRI
| $12.5M | 0.01% |
1,398,292
-205,046
| -13% | -$2.07M |
|
|
ABCO
1592
DELISTED
Advisory Board Co
ABCO
| $12.5M | 0.01% |
374,868
| – | – |
|
|
SAGE
1593
DELISTED
Sage Therapeutics
SAGE
| $12.5M | 0.01% |
243,861
| – | – |
|
1594
Smith & Wesson
SWBI
$586M
| $12.4M | 0.01% |
768,403
| – | – |
|
1595
Emergent Biosolutions
EBS
$346M
| $12.4M | 0.01% |
376,506
| – | – |
|
|
FCH
1596
DELISTED
Felcor Lodging Trust
FCH
| $12.4M | 0.01% |
1,542,356
| – | – |
|
|
JCP
1597
DELISTED
J.C. Penney Company, Inc.
JCP
| $12.3M | 0.01% |
1,483,067
-294,687
| -17% | -$2.66M |
|
1598
Apogee Enterprises
APOG
$787M
| $12.3M | 0.01% |
229,979
+27,400
| +14% | +$1.27M |
|
|
CALY
1599
Callaway Golf Company
CALY
$2.65B
| $12.3M | 0.01% |
1,123,423
+162,800
| +17% | +$1.85M |
|
1600
Abercrombie & Fitch
ANF
$5.94B
| $12.2M | 0.01% |
1,018,899
+19,284
| +2% | +$286K |
|
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.