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 | |
|---|---|---|---|---|---|---|
1901
Badger Meter
BMI
$3.68B
| $3.99M | ﹤0.01% |
108,098
-64,364
| -37% | -$2.25M |
|
|
PMC
1902
DELISTED
PharMerica Corporation
PMC
| $3.86M | ﹤0.01% |
153,647
+119,305
| +347% | +$3.01M |
|
1903
Vera Bradley
VRA
$118M
| $3.85M | ﹤0.01% |
328,248
| – | – |
|
1904
Sabesp
SBS
$18.5B
| $3.8M | ﹤0.01% |
2,255,515
-1,307,101
| -37% | -$2.3M |
|
|
MACK
1905
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $3.79M | ﹤0.01% |
118,197
+30,039
| +34% | +$1.28M |
|
1906
Green Plains
GPRE
$1.06B
| $3.76M | ﹤0.01% |
135,126
-71,335
| -35% | -$1.9M |
|
1907
Park Aerospace
PKE
$684M
| $3.74M | ﹤0.01% |
200,425
| – | – |
|
|
INFN
1908
DELISTED
Infinera Corporation Common Stock
INFN
| $3.73M | ﹤0.01% |
439,164
-329,962
| -43% | -$2.83M |
|
|
OME
1909
DELISTED
Omega Protein
OME
| $3.67M | ﹤0.01% |
146,723
| – | – |
|
1910
Insmed
INSM
$26.9B
| $3.63M | ﹤0.01% |
274,782
+34,015
| +14% | +$464K |
|
1911
Quad
QUAD
$501M
| $3.63M | ﹤0.01% |
134,861
+60,064
| +80% | +$1.55M |
|
|
AFI
1912
DELISTED
Armstrong Flooring, Inc.
AFI
| $3.52M | ﹤0.01% |
176,915
| – | – |
|
|
RFP
1913
DELISTED
Resolute Forest Products Inc.
RFP
| $3.49M | ﹤0.01% |
651,632
-167,075
| -20% | -$762K |
|
1914
First Solar
FSLR
$20.7B
| $3.47M | ﹤0.01% |
108,135
-459,013
| -81% | -$16.1M |
|
|
CHUBK
1915
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $3.45M | ﹤0.01% |
229,721
-50,852
| -18% | -$763K |
|
1916
V2X
VVX
$2.36B
| $3.43M | ﹤0.01% |
143,744
| – | – |
|
1917
Geospace Technologies
GEOS
$65.6M
| $3.42M | ﹤0.01% |
167,814
| – | – |
|
1918
3D Systems Corp
DDD
$527M
| $3.42M | ﹤0.01% |
257,010
| – | – |
|
|
INSY
1919
DELISTED
Insys Therapeutics, Inc.
INSY
| $3.41M | ﹤0.01% |
370,399
+56,665
| +18% | +$640K |
|
1920
Cerus
CERS
$512M
| $3.41M | ﹤0.01% |
783,135
+240,000
| +44% | +$1.25M |
|
1921
Red Rock Resorts
RRR
$3.2B
| $3.33M | ﹤0.01% |
+143,793
| New | +$3.27M |
|
1922
Novavax
NVAX
$1.53B
| $3.3M | ﹤0.01% |
130,951
| – | – |
|
|
KDNY
1923
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $3.27M | ﹤0.01% |
57,295
+15,460
| +37% | +$935K |
|
1924
Banco Bilbao Vizcaya Argentaria
BBVA
$157B
| $3.26M | ﹤0.01% |
490,134
+7,267
| +2% | +$46.9K |
|
|
TPH
1925
DELISTED
Tri Pointe Homes
TPH
| $3.25M | ﹤0.01% |
283,328
-841,563
| -75% | -$10.1M |
|
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.