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 | |
|---|---|---|---|---|---|---|
1726
OneMain Financial
OMF
$6.97B
| $8.97M | ﹤0.01% |
405,131
| – | – |
|
|
ARII
1727
DELISTED
American Railcar Industries, Inc.
ARII
| $8.96M | ﹤0.01% |
197,902
| – | – |
|
1728
Shutterstock
SSTK
$183M
| $8.92M | ﹤0.01% |
187,617
+31,915
| +20% | +$1.7M |
|
1729
Performance Food Group
PFGC
$14.3B
| $8.88M | ﹤0.01% |
370,000
+345,000
| +1,380% | +$8.19M |
|
|
TYPE
1730
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $8.86M | ﹤0.01% |
446,243
| – | – |
|
1731
Adtran
ADTN
$578M
| $8.78M | ﹤0.01% |
392,974
| – | – |
|
1732
Qualys
QLYS
$6.33B
| $8.72M | ﹤0.01% |
275,676
+45,084
| +20% | +$1.59M |
|
|
EIGI
1733
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $8.72M | ﹤0.01% |
937,828
+219,109
| +30% | +$1.78M |
|
|
UHT
1734
Universal Health Realty Income Trust
UHT
$567M
| $8.69M | ﹤0.01% |
132,557
| – | – |
|
|
FIT
1735
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $8.68M | ﹤0.01% |
1,185,511
| – | – |
|
1736
American States Water
AWR
$3.46B
| $8.67M | ﹤0.01% |
190,318
-26,340
| -12% | -$1.1M |
|
1737
Encore Capital Group
ECPG
$2.12B
| $8.66M | ﹤0.01% |
302,327
+150,353
| +99% | +$3.68M |
|
|
CKH
1738
DELISTED
Seacor Holdings Inc.
CKH
| $8.61M | ﹤0.01% |
124,859
+114,001
| +1,050% | +$6.7M |
|
|
HEES
1739
DELISTED
H&E Equipment Services
HEES
| $8.6M | ﹤0.01% |
369,965
-96,028
| -21% | -$1.76M |
|
1740
Repligen
RGEN
$9.76B
| $8.53M | ﹤0.01% |
276,667
| – | – |
|
1741
FormFactor
FORM
$8.19B
| $8.52M | ﹤0.01% |
761,084
+119,600
| +19% | +$1.28M |
|
1742
SiriusPoint
SPNT
$2.84B
| $8.5M | ﹤0.01% |
735,848
+90,000
| +14% | +$1.08M |
|
|
KYNB
1743
Kyntra Bio
KYNB
$30.8M
| $8.48M | ﹤0.01% |
15,851
+2,624
| +20% | +$1.31M |
|
|
ISCA
1744
DELISTED
International Speedway Corp
ISCA
| $8.48M | ﹤0.01% |
230,317
-10,737
| -4% | -$377K |
|
1745
Otter Tail
OTTR
$3.74B
| $8.46M | ﹤0.01% |
207,414
-43,741
| -17% | -$1.63M |
|
1746
Acadia Healthcare
ACHC
$2.62B
| $8.41M | ﹤0.01% |
254,070
-181,859
| -42% | -$7.06M |
|
1747
Simmons First National
SFNC
$3.3B
| $8.41M | ﹤0.01% |
270,570
| – | – |
|
1748
Photronics
PLAB
$1.64B
| $8.4M | ﹤0.01% |
743,618
+627,913
| +543% | +$6.59M |
|
1749
Tredegar Corp
TG
$240M
| $8.35M | ﹤0.01% |
348,047
| – | – |
|
1750
Andersons Inc
ANDE
$2.43B
| $8.35M | ﹤0.01% |
186,717
| – | – |
|
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.