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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
DS
2176
DELISTED
Drive Shack Inc.
DS
-436,842
Closed -$1.89M
GBT
2177
DELISTED
Global Blood Therapeutics, Inc.
GBT
-48,600
Closed -$1.07M
GLOG
2178
DELISTED
GASLOG LTD
GLOG
$0 ﹤0.01%
2
IMMU
2179
DELISTED
Immunomedics Inc
IMMU
-400,000
Closed -$1.24M
MITL
2180
DELISTED
Mitel Networks Corporation
MITL
-22,600
Closed -$159K
GXP
2181
DELISTED
Great Plains Energy Incorporated
GXP
-1,454,743
Closed -$37.9M
SCLN
2182
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
-29,650
Closed -$290K
IOC
2183
DELISTED
Interoil Corporation
IOC
$0 ﹤0.01%
365
APOL
2184
DELISTED
Apollo Education Group Inc Class A
APOL
-1,062,124
Closed -$8.06M
LGF
2185
DELISTED
Lions Gate Entertainment
LGF
-883,988
Closed -$16.9M
TLN
2186
DELISTED
Talen Energy Corporation
TLN
-1,554,108
Closed -$20.6M
IM
2187
DELISTED
Ingram Micro
IM
-1,477,760
Closed -$50.3M
SEMI
2188
DELISTED
SunEdison Semiconductor Limited
SEMI
-228,554
Closed -$1.92M
AMSG
2189
DELISTED
Amsurg Corp
AMSG
-809,105
Closed -$51.8M
ININ
2190
DELISTED
Interactive Intelligence Group, inc.
ININ
-22,617
Closed -$1.3M
PPS
2191
DELISTED
Post Properties
PPS
-505,399
Closed -$31.9M
QLTI
2192
DELISTED
QLT Inc
QLTI
-354,679
Closed -$696K
NATL
2193
DELISTED
National Interstate Corporation
NATL
-80,114
Closed -$2.49M
BLOX
2194
DELISTED
Infoblox Inc
BLOX
-435,851
Closed -$11M
FLTX
2195
DELISTED
Fleetmatics Group PLC
FLTX
-213,940
Closed -$12.3M
RSTI
2196
DELISTED
Rofin-Sinar Technologies Inc
RSTI
-341,236
Closed -$10.5M
CPHD
2197
DELISTED
Cepheid Inc
CPHD
-643,514
Closed -$32.4M
N
2198
DELISTED
Netsuite Inc
N
-313,216
Closed -$33.1M
RAX
2199
DELISTED
Rackspace Hosting Inc
RAX
-972,164
Closed -$29.4M
DRYS
2200
DELISTED
DryShips Inc. Common Stock
DRYS
0
-$4K

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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.