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 | |
|---|---|---|---|---|---|---|
1651
Forrester Research
FORR
$221M
| $11M | ﹤0.01% |
256,053
| – | – |
|
|
HOLI
1652
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $11M | ﹤0.01% |
599,228
-95,000
| -14% | -$1.88M |
|
|
CMO
1653
DELISTED
Capstead Mortgage Corp.
CMO
| $11M | ﹤0.01% |
1,075,708
| – | – |
|
1654
Omnicell
OMCL
$1.48B
| $10.9M | ﹤0.01% |
321,913
| – | – |
|
|
MSGN
1655
DELISTED
MSG Networks Inc.
MSGN
| $10.9M | ﹤0.01% |
505,268
+100,392
| +25% | +$2M |
|
|
PRFT
1656
DELISTED
Perficient Inc
PRFT
| $10.8M | ﹤0.01% |
620,356
+65,000
| +12% | +$1.19M |
|
|
LMNX
1657
DELISTED
Luminex Corp
LMNX
| $10.8M | ﹤0.01% |
535,883
| – | – |
|
1658
Green Dot
GDOT
$756M
| $10.8M | ﹤0.01% |
457,958
| – | – |
|
|
CORE
1659
DELISTED
Core Mark Holding Co., Inc.
CORE
| $10.8M | ﹤0.01% |
250,005
-65,459
| -21% | -$2.42M |
|
1660
First Bancorp
FBP
$4.22B
| $10.8M | ﹤0.01% |
1,627,833
| – | – |
|
1661
FerroAtlántica
GSM
$807M
| $10.6M | ﹤0.01% |
978,379
| – | – |
|
|
BKS
1662
DELISTED
Barnes & Noble
BKS
| $10.5M | ﹤0.01% |
943,585
+20,365
| +2% | +$234K |
|
|
FFIC
1663
DELISTED
Flushing Financial
FFIC
| $10.5M | ﹤0.01% |
357,294
| – | – |
|
1664
Artisan Partners
APAM
$2.58B
| $10.4M | ﹤0.01% |
350,444
-44,915
| -11% | -$1.28M |
|
|
NPKI
1665
NPK International
NPKI
$1.1B
| $10.4M | ﹤0.01% |
1,385,732
| – | – |
|
1666
Republic Bancorp
RBCAA
$1.85B
| $10.4M | ﹤0.01% |
262,577
+116,321
| +80% | +$4.03M |
|
1667
Azenta
AZTA
$1.45B
| $10.4M | ﹤0.01% |
608,117
| – | – |
|
1668
Innoviva
INVA
$1.53B
| $10.3M | ﹤0.01% |
965,763
+284,957
| +42% | +$2.99M |
|
1669
BancFirst
BANF
$3.68B
| $10.3M | ﹤0.01% |
222,036
| – | – |
|
1670
AMERISAFE
AMSF
$458M
| $10.3M | ﹤0.01% |
165,611
-110,200
| -40% | -$6.69M |
|
1671
TriMas Corp
TRS
$1.4B
| $10.3M | ﹤0.01% |
438,792
+124,608
| +40% | +$2.54M |
|
|
ORIT
1672
DELISTED
Oritani Financial Corp. New
ORIT
| $10.3M | ﹤0.01% |
549,510
| – | – |
|
|
BGC
1673
DELISTED
General Cable Corporation
BGC
| $10.3M | ﹤0.01% |
538,046
-59,044
| -10% | -$995K |
|
|
BFS
1674
Saul Centers
BFS
$750M
| $10.2M | ﹤0.01% |
153,758
| – | – |
|
1675
Atlassian
TEAM
$48.2B
| $10.2M | ﹤0.01% |
422,598
+173,736
| +70% | +$4.7M |
|
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.