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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.32%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$229B
AUM Growth
+$17.2B
Cap. Flow
-$897M
Cap. Flow %
-0.39%
Top 10 Hldgs %
14.42%
Holding
2,214
New
65
Increased
867
Reduced
654
Closed
61

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$547M
2
LYB icon
LyondellBasell Industries
LYB
+$488M
3
HLT icon
Hilton Worldwide
HLT
+$295M
4
AAPL icon
Apple
AAPL
+$280M
5
V icon
Visa
V
+$267M

Sector Composition

Rank Sector Weight
1 Financials 19.74%
2 Technology 14.07%
3 Healthcare 13.06%
4 Industrials 9.44%
5 Consumer Discretionary 9.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
ARLZ
2101
DELISTED
Aralez Pharmaceuticals Inc.
ARLZ
$665K ﹤0.01%
150,793
+126,300
+516% +$600K
CGEN icon
2102
Compugen
CGEN
$211M
$658K ﹤0.01%
129,103
-7,591
-6% -$45.4K
FBK icon
2103
FB Financial Corp
FBK
$2.99B
$649K ﹤0.01%
25,000
REXX
2104
DELISTED
Rex Energy Corporation
REXX
$634K ﹤0.01%
134,556
FTK icon
2105
Flotek Industries
FTK
$800M
$626K ﹤0.01%
11,116
NGHC
2106
DELISTED
National General Holdings Corp
NGHC
$625K ﹤0.01%
25,000
ONC
2107
BeOne Medicines Ltd
ONC
$33.8B
$607K ﹤0.01%
+20,000
New +$629K
NVLN
2108
DELISTED
Novelion Therapeutics Inc. Common Shares
NVLN
$594K ﹤0.01%
+70,935
New +$628K
REXR icon
2109
Rexford Industrial Realty
REXR
$8.53B
$580K ﹤0.01%
25,000
ICHR icon
2110
Ichor Holdings
ICHR
$2.22B
$541K ﹤0.01%
+50,000
New +$533K
WPRT
2111
Westport Fuel Systems
WPRT
$32.1M
$508K ﹤0.01%
44,852
SIOX
2112
DELISTED
Sio Gene Therapies Inc. Common Stock
SIOX
$508K ﹤0.01%
5,109
IO
2113
DELISTED
ION Geophysical Corporation
IO
$508K ﹤0.01%
84,745
COUP
2114
DELISTED
Coupa Software Incorporated
COUP
$500K ﹤0.01%
+20,000
New +$547K
GPRO icon
2115
GoPro
GPRO
$120M
$492K ﹤0.01%
56,510
-275,308
-83% -$3.16M
BOOT icon
2116
Boot Barn
BOOT
$4.64B
$489K ﹤0.01%
39,047
ADVM
2117
DELISTED
Adverum Biotechnologies
ADVM
$485K ﹤0.01%
16,727
COLL icon
2118
Collegium Pharmaceutical
COLL
$1.17B
$467K ﹤0.01%
+30,000
New +$499K
BRSS
2119
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
$463K ﹤0.01%
13,500
ACGN
2120
DELISTED
Aceragen Inc
ACGN
$450K ﹤0.01%
+2,208
New +$527K
HIND
2121
Vyome Holdings
HIND
$14.5M
0
ARRY
2122
DELISTED
Array Biopharma Inc
ARRY
$440K ﹤0.01%
50,000
CLSD
2123
DELISTED
Clearside Biomedical
CLSD
$417K ﹤0.01%
+3,112
New +$781K
HHS icon
2124
Harte-Hanks
HHS
$16.1M
$405K ﹤0.01%
26,833
-70,000
-72% -$1.06M
ATCO
2125
DELISTED
Atlas Corp.
ATCO
$394K ﹤0.01%
43,157
-506,457
-92% -$5.37M

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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.