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 | |
|---|---|---|---|---|---|---|
1701
Quanex
NX
$952M
| $9.48M | ﹤0.01% |
467,005
+45,000
| +11% | +$832K |
|
1702
Albany International
AIN
$1.71B
| $9.45M | ﹤0.01% |
204,091
-14,700
| -7% | -$648K |
|
|
PRO
1703
DELISTED
PROS Holdings
PRO
| $9.41M | ﹤0.01% |
437,477
+78,675
| +22% | +$1.8M |
|
|
NRE
1704
DELISTED
NorthStar Realty Europe Corp.
NRE
| $9.41M | ﹤0.01% |
748,909
| – | – |
|
1705
Franklin Electric
FELE
$4.25B
| $9.39M | ﹤0.01% |
241,474
| – | – |
|
1706
Gentherm
THRM
$1.17B
| $9.38M | ﹤0.01% |
277,181
| – | – |
|
|
CSR
1707
Centerspace
CSR
$955M
| $9.36M | ﹤0.01% |
131,312
| – | – |
|
|
SAFE
1708
Safehold
SAFE
$979M
| $9.32M | ﹤0.01% |
154,864
| – | – |
|
1709
Cal-Maine
CALM
$3.47B
| $9.3M | ﹤0.01% |
210,518
-107,131
| -34% | -$4.26M |
|
|
LCI
1710
DELISTED
Lannett Company, Inc.
LCI
| $9.29M | ﹤0.01% |
105,384
+5,750
| +6% | +$531K |
|
1711
ATI
ATI
$25.8B
| $9.26M | ﹤0.01% |
581,412
-276,530
| -32% | -$4.59M |
|
1712
CONMED
CNMD
$1.41B
| $9.24M | ﹤0.01% |
209,101
+77,882
| +59% | +$3.31M |
|
1713
National CineMedia
NCMI
$220M
| $9.2M | ﹤0.01% |
62,482
+15,521
| +33% | +$2.29M |
|
1714
Accuray
ARAY
$27.8M
| $9.18M | ﹤0.01% |
1,995,485
+633,146
| +46% | +$3.28M |
|
|
SNR
1715
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $9.13M | ﹤0.01% |
932,428
+53,989
| +6% | +$544K |
|
|
ARR
1716
Armour Residential REIT
ARR
$2.1B
| $9.12M | ﹤0.01% |
84,116
| – | – |
|
1717
Hyster-Yale Materials Handling
HY
$601M
| $9.1M | ﹤0.01% |
142,718
-15,000
| -10% | -$924K |
|
|
PLKI
1718
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $9.1M | ﹤0.01% |
150,437
| – | – |
|
|
AAV
1719
DELISTED
Advantage Oil & Gas Ltd
AAV
| $9.1M | ﹤0.01% |
1,337,392
-20,500
| -2% | -$144K |
|
1720
AMN Healthcare
AMN
$1.35B
| $9.09M | ﹤0.01% |
236,392
-75,300
| -24% | -$2.57M |
|
|
HOS
1721
Hornbeck Offshore Services, Inc.
HOS
$2.82B
| $9.05M | ﹤0.01% |
1,025,744
-637,324
| -38% | -$6.15M |
|
1722
CTS Corp
CTS
$1.62B
| $9.04M | ﹤0.01% |
403,599
| – | – |
|
1723
G-III Apparel Group
GIII
$1.21B
| $9.03M | ﹤0.01% |
305,487
-24,844
| -8% | -$722K |
|
|
BLD
1724
DELISTED
TopBuild
BLD
| $9.01M | ﹤0.01% |
252,949
+92,200
| +57% | +$3.17M |
|
|
EGL
1725
DELISTED
Engility Holdings, Inc.
EGL
| $8.98M | ﹤0.01% |
266,367
| – | – |
|
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.