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 | |
|---|---|---|---|---|---|---|
|
FRGI
1926
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $3.25M | ﹤0.01% |
108,985
| – | – |
|
1927
Movado Group
MOV
$733M
| $3.21M | ﹤0.01% |
111,618
| – | – |
|
1928
8x8 Inc
EGHT
$264M
| $3.17M | ﹤0.01% |
221,700
+196,700
| +787% | +$2.85M |
|
1929
Tronox
TROX
$699M
| $3.16M | ﹤0.01% |
+306,497
| New | +$3.06M |
|
|
CWEN.A
1930
DELISTED
Clearway Energy Class A
CWEN.A
| $3.15M | ﹤0.01% |
205,121
-78,375
| -28% | -$1.18M |
|
|
IVC
1931
DELISTED
Invacare Corporation
IVC
| $3.14M | ﹤0.01% |
240,846
-17,293
| -7% | -$199K |
|
|
BBOX
1932
DELISTED
Black Box Corp
BBOX
| $3.12M | ﹤0.01% |
204,830
-6,800
| -3% | -$97.5K |
|
1933
American Public Education
APEI
$819M
| $3.12M | ﹤0.01% |
127,227
| – | – |
|
|
IMGN
1934
DELISTED
Immunogen Inc
IMGN
| $3.12M | ﹤0.01% |
1,530,772
| – | – |
|
|
MRT
1935
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $3.11M | ﹤0.01% |
280,000
-20,000
| -7% | -$224K |
|
1936
United Parks & Resorts
PRKS
$1.63B
| $3.05M | ﹤0.01% |
161,022
-326,964
| -67% | -$5.36M |
|
1937
Sony
SONY
$140B
| $3.02M | ﹤0.01% |
538,250
| – | – |
|
1938
AudioCodes
AUDC
$238M
| $2.94M | ﹤0.01% |
467,296
+7,043
| +2% | +$40.7K |
|
|
TRTN
1939
DELISTED
Triton International Limited
TRTN
| $2.88M | ﹤0.01% |
182,464
-18,700
| -9% | -$300K |
|
1940
Scorpio Tankers
STNG
$4.29B
| $2.88M | ﹤0.01% |
63,605
-93,189
| -59% | -$4.02M |
|
1941
Columbus McKinnon
CMCO
$469M
| $2.82M | ﹤0.01% |
104,413
| – | – |
|
|
CUB
1942
DELISTED
Cubic Corporation
CUB
| $2.73M | ﹤0.01% |
57,007
-42,300
| -43% | -$1.94M |
|
1943
AngioDynamics
ANGO
$648M
| $2.7M | ﹤0.01% |
160,000
+100,000
| +167% | +$1.67M |
|
|
LOCK
1944
DELISTED
LifeLock, Inc.
LOCK
| $2.66M | ﹤0.01% |
111,366
| – | – |
|
|
ENLC
1945
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $2.63M | ﹤0.01% |
138,131
+50,000
| +57% | +$857K |
|
|
WIN
1946
DELISTED
Windstream Holdings Inc
WIN
| $2.6M | ﹤0.01% |
70,824
| – | – |
|
1947
Luxfer Holdings
LXFR
$460M
| $2.57M | ﹤0.01% |
235,902
+9,455
| +4% | +$100K |
|
1948
Primoris Services
PRIM
$4.13B
| $2.57M | ﹤0.01% |
112,763
| – | – |
|
|
SWIR
1949
DELISTED
Sierra Wireless
SWIR
| $2.56M | ﹤0.01% |
163,217
| – | – |
|
|
SN
1950
DELISTED
Sanchez Energy Corporation
SN
| $2.53M | ﹤0.01% |
280,000
-64,867
| -19% | -$520K |
|
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.