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 | |
|---|---|---|---|---|---|---|
1851
National Beverage
FIZZ
$3B
| $5.33M | ﹤0.01% |
208,856
-137,344
| -40% | -$3.37M |
|
|
TRK
1852
DELISTED
Speedway Motorsports, Inc.
TRK
| $5.32M | ﹤0.01% |
245,349
| – | – |
|
1853
OR Royalties Inc
OR
$6.73B
| $5.29M | ﹤0.01% |
541,923
| – | – |
|
|
HTO
1854
H2O America
HTO
$2.64B
| $5.26M | ﹤0.01% |
94,025
-27,918
| -23% | -$1.41M |
|
|
BRS
1855
DELISTED
Bristow Group, Inc.
BRS
| $5.26M | ﹤0.01% |
256,781
+196,000
| +322% | +$2.95M |
|
1856
Virtus Investment Partners
VRTS
$897M
| $5.24M | ﹤0.01% |
44,360
-11,600
| -21% | -$1.27M |
|
1857
Cohen & Steers
CNS
$3.71B
| $5.15M | ﹤0.01% |
153,389
+600
| +0.4% | +$21.9K |
|
1858
Stoneridge
SRI
$204M
| $5.11M | ﹤0.01% |
288,794
+61,600
| +27% | +$1.04M |
|
|
PDLI
1859
DELISTED
PDL BioPharma, Inc.
PDLI
| $5.07M | ﹤0.01% |
2,390,505
+264,517
| +12% | +$738K |
|
|
FOLD
1860
DELISTED
Amicus Therapeutics
FOLD
| $5.06M | ﹤0.01% |
1,018,862
| – | – |
|
|
SHLD
1861
DELISTED
Sears Holding Corporation
SHLD
| $5.05M | ﹤0.01% |
543,533
+425,492
| +360% | +$4.85M |
|
1862
Expro Ltd
XPRO
$1.88B
| $5.01M | ﹤0.01% |
67,800
-269,462
| -80% | -$19.8M |
|
|
RATE
1863
DELISTED
Bankrate Inc
RATE
| $4.99M | ﹤0.01% |
451,712
-174,420
| -28% | -$1.65M |
|
1864
CorVel
CRVL
$3.58B
| $4.97M | ﹤0.01% |
407,349
-289,689
| -42% | -$3.31M |
|
1865
The Ensign Group
ENSG
$10.3B
| $4.9M | ﹤0.01% |
236,001
-84,374
| -26% | -$1.64M |
|
1866
Axos Financial
AX
$5.32B
| $4.89M | ﹤0.01% |
171,341
+21,754
| +15% | +$518K |
|
1867
DXP Enterprises
DXPE
$2.87B
| $4.89M | ﹤0.01% |
+140,805
| New | +$4.17M |
|
|
GHL
1868
DELISTED
Greenhill & Co., Inc.
GHL
| $4.87M | ﹤0.01% |
175,700
| – | – |
|
1869
Globant
GLOB
$1.69B
| $4.83M | ﹤0.01% |
144,685
-12,000
| -8% | -$470K |
|
|
MTOR
1870
DELISTED
MERITOR, Inc.
MTOR
| $4.81M | ﹤0.01% |
387,225
+93,109
| +32% | +$1.09M |
|
|
VRTU
1871
DELISTED
Virtusa Corporation
VRTU
| $4.79M | ﹤0.01% |
190,867
+108,584
| +132% | +$2.4M |
|
1872
California Water Service
CWT
$2.97B
| $4.78M | ﹤0.01% |
140,972
-143,483
| -50% | -$4.75M |
|
|
EPAY
1873
DELISTED
Bottomline Technologies Inc
EPAY
| $4.76M | ﹤0.01% |
190,307
| – | – |
|
1874
Marcus & Millichap
MMI
$1.18B
| $4.76M | ﹤0.01% |
178,063
| – | – |
|
1875
Myers Industries
MYE
$1.16B
| $4.73M | ﹤0.01% |
330,506
-300
| -0.1% | -$4.07K |
|
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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.