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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
KMDA icon
2126
Kamada
KMDA
$408M
$377K ﹤0.01%
68,793
APTI
2127
DELISTED
Apptio, Inc. Class A Common Stock
APTI
$371K ﹤0.01%
20,000
ZEN
2128
DELISTED
ZENDESK INC
ZEN
$360K ﹤0.01%
16,967
-245,309
-94% -$5.94M
TOVX icon
2129
Theriva Biologics
TOVX
$9.49M
$356K ﹤0.01%
53
DEA
2130
Easterly Government Properties
DEA
$1.18B
$310K ﹤0.01%
6,200
-3,880
-38% -$185K
RARX
2131
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
$304K ﹤0.01%
+20,000
New +$272K
PGH
2132
DELISTED
Pengrowth Energy Corporation
PGH
$297K ﹤0.01%
206,350
-8,393,311
-98% -$12.9M
HAPN
2133
Happen Inc
HAPN
$2.17B
$291K ﹤0.01%
11,067
ALJ
2134
DELISTED
Alon USA Energy Inc
ALJ
$289K ﹤0.01%
25,375
-50,000
-66% -$469K
TGA
2135
DELISTED
Transglobe Energy Corp
TGA
$281K ﹤0.01%
165,784
SYRE icon
2136
Spyre Therapeutics
SYRE
$8.35B
$275K ﹤0.01%
2,528
SPNE
2137
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
$254K ﹤0.01%
32,125
-25,000
-44% -$211K
HIL
2138
DELISTED
Hill International, Inc. Common Stock
HIL
$228K ﹤0.01%
52,509
-200,000
-79% -$796K
TVIA
2139
DELISTED
TerraVia Holdings, Inc. Common Stock
TVIA
$187K ﹤0.01%
162,668
QTNA
2140
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
$181K ﹤0.01%
+10,000
New +$177K
WILN
2141
DELISTED
Wi-LAN Inc.
WILN
$134K ﹤0.01%
82,034
-63,400
-44% -$93K
NVET
2142
DELISTED
Nexvet Biopharma plc Ordinary Shares
NVET
$130K ﹤0.01%
35,313
TDW icon
2143
Tidewater
TDW
$3.62B
$119K ﹤0.01%
1,085
BCOM
2144
DELISTED
B Communications Ltd
BCOM
$111K ﹤0.01%
5,065
CCUR
2145
DELISTED
CCUR Holdings, Inc. Common Stock
CCUR
$101K ﹤0.01%
18,818
CWEN icon
2146
Clearway Energy Class C
CWEN
$4.79B
$61K ﹤0.01%
3,855
RKDA icon
2147
Arcadia Biosciences
RKDA
$1.41M
$43K ﹤0.01%
58
ARAV
2148
DELISTED
Aravive, Inc. Common Stock
ARAV
$15K ﹤0.01%
167
CSTM icon
2149
Constellium
CSTM
$3.79B
$2K ﹤0.01%
263
-596,707
-100% -$3.65M
AMX icon
2150
America Movil
AMX
$75.3B
-142,501
Closed -$1.56M

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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.