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 | |
|---|---|---|---|---|---|---|
|
RICE
1676
DELISTED
Rice Energy Inc.
RICE
| $10.2M | ﹤0.01% |
476,156
-366,435
| -43% | -$8.73M |
|
1677
ATN International
ATNI
$458M
| $10.2M | ﹤0.01% |
126,797
| – | – |
|
1678
Penske Automotive Group
PAG
$14.1B
| $10.2M | ﹤0.01% |
195,944
-275,648
| -58% | -$13.4M |
|
1679
Hecla Mining
HL
$12.1B
| $10.2M | ﹤0.01% |
1,938,198
| – | – |
|
|
PWE
1680
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $10.1M | ﹤0.01% |
5,726,666
| – | – |
|
|
AYR
1681
DELISTED
Aircastle Ltd
AYR
| $10.1M | ﹤0.01% |
482,054
| – | – |
|
|
PTLA
1682
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $10M | ﹤0.01% |
447,681
| – | – |
|
1683
Halozyme
HALO
$12.3B
| $10M | ﹤0.01% |
1,014,852
| – | – |
|
|
LXFT
1684
DELISTED
Luxoft Holding, Inc.
LXFT
| $10M | ﹤0.01% |
178,352
| – | – |
|
|
PKY
1685
DELISTED
Parkway, Inc.
PKY
| $9.98M | ﹤0.01% |
448,638
-486,712
| -52% | -$9.2M |
|
1686
CBIZ
CBZ
$2.96B
| $9.98M | ﹤0.01% |
728,521
+20,000
| +3% | +$243K |
|
|
KERX
1687
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $9.97M | ﹤0.01% |
1,701,935
| – | – |
|
|
DDC
1688
DELISTED
Dominion Diamond Corporation
DDC
| $9.88M | ﹤0.01% |
1,018,767
| – | – |
|
1689
Enpro
NPO
$6.08B
| $9.86M | ﹤0.01% |
146,367
| – | – |
|
1690
Argan
AGX
$5.52B
| $9.8M | ﹤0.01% |
+138,887
| New | +$8.67M |
|
1691
Pegasystems
PEGA
$6.06B
| $9.8M | ﹤0.01% |
544,324
-136,960
| -20% | -$2.29M |
|
1692
OraSure Technologies
OSUR
$240M
| $9.79M | ﹤0.01% |
1,114,620
+161,943
| +17% | +$1.34M |
|
1693
Four Corners Property Trust
FCPT
$2.53B
| $9.78M | ﹤0.01% |
476,428
| – | – |
|
|
MYOV
1694
DELISTED
Myovant Sciences Ltd.
MYOV
| $9.76M | ﹤0.01% |
+784,783
| New | +$9.09M |
|
1695
Westamerica Bancorp
WABC
$1.38B
| $9.73M | ﹤0.01% |
154,644
+5,551
| +4% | +$314K |
|
1696
Regis Corp
RGS
$69M
| $9.72M | ﹤0.01% |
33,481
| – | – |
|
1697
Dave & Buster's
PLAY
$239M
| $9.65M | ﹤0.01% |
171,449
-69,788
| -29% | -$3.24M |
|
|
PFPT
1698
DELISTED
Proofpoint, Inc.
PFPT
| $9.64M | ﹤0.01% |
136,424
-78,749
| -37% | -$5.93M |
|
1699
Melco Resorts & Entertainment
MLCO
$1.73B
| $9.54M | ﹤0.01% |
+600,000
| New | +$10.3M |
|
1700
First Commonwealth Financial
FCF
$2.14B
| $9.51M | ﹤0.01% |
670,367
+75,000
| +13% | +$876K |
|
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.