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 |
Deutsche Bank
DB
|
+$567M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$494M |
| 3 |
Equinix
EQIX
|
+$336M |
| 4 |
Charter Communications
CHTR
|
+$297M |
| 5 |
Apple
AAPL
|
+$227M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$559M |
| 2 |
Aflac
AFL
|
+$475M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$333M |
| 4 |
Aon
AON
|
+$261M |
| 5 |
Verizon
VZ
|
+$247M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.53% |
| 2 | Healthcare | 14.51% |
| 3 | Technology | 13.82% |
| 4 | Consumer Discretionary | 9.56% |
| 5 | Communication Services | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Centene
CNC
$33.3B
| $101M | 0.05% |
2,841,510
-738,280
| -21% | -$23.2M |
|
377
Mattel
MAT
$3.88B
| $101M | 0.05% |
3,222,075
+135,473
| +4% | +$4.3M |
|
378
Nasdaq
NDAQ
$50.3B
| $101M | 0.05% |
4,675,644
+308,508
| +7% | +$6.6M |
|
379
Coca-Cola Europacific Partners
CCEP
$45.6B
| $101M | 0.05% |
2,822,672
+1,132,545
| +67% | +$53.4M |
|
|
WRK
380
DELISTED
WestRock Company
WRK
| $100M | 0.05% |
2,579,271
-130,953
| -5% | -$4.91M |
|
381
Realty Income
O
$55.6B
| $100M | 0.05% |
1,489,809
+354,529
| +31% | +$21.5M |
|
|
QVCGA
382
DELISTED
QVC Group Inc Series A
QVCGA
| $99.8M | 0.05% |
81,052
| – | – |
|
383
Check Point Software Technologies
CHKP
$14.2B
| $99.6M | 0.05% |
1,250,200
-121,916
| -9% | -$10.2M |
|
384
Annaly Capital Management
NLY
$16.3B
| $99.5M | 0.05% |
2,246,860
+116,139
| +5% | +$4.94M |
|
385
Advance Auto Parts
AAP
$2.66B
| $98.9M | 0.05% |
611,738
-13,005
| -2% | -$2.01M |
|
386
Fastenal
FAST
$56.5B
| $98.6M | 0.05% |
8,889,348
-381,520
| -4% | -$4.36M |
|
387
Best Buy
BBY
$19.6B
| $98.4M | 0.05% |
3,215,223
-125,731
| -4% | -$3.95M |
|
388
Darden Restaurants
DRI
$24B
| $98.1M | 0.05% |
1,549,122
+43,827
| +3% | +$2.87M |
|
|
INXN
389
DELISTED
Interxion Holding N.V.
INXN
| $97.7M | 0.05% |
2,648,808
+189,850
| +8% | +$6.73M |
|
390
Mohawk Industries
MHK
$8.74B
| $97.6M | 0.05% |
514,273
-13,030
| -2% | -$2.54M |
|
|
CTRA
391
DELISTED
Coterra Energy
CTRA
| $97.4M | 0.05% |
3,784,209
| – | – |
|
392
Kimco Realty
KIM
$15.5B
| $97.3M | 0.05% |
3,099,138
+817,341
| +36% | +$23.5M |
|
393
Expeditors International
EXPD
$25.2B
| $97M | 0.05% |
1,978,611
+110,527
| +6% | +$5.37M |
|
394
Southwest Airlines
LUV
$19.2B
| $97M | 0.05% |
2,473,483
-37,796
| -2% | -$1.62M |
|
395
TransDigm Group
TDG
$60.5B
| $96.8M | 0.05% |
367,255
+12,081
| +3% | +$2.95M |
|
396
Expedia Group
EXPE
$35.1B
| $96.8M | 0.05% |
910,927
-104,002
| -10% | -$11.3M |
|
397
Global Payments
GPN
$23.7B
| $96.8M | 0.05% |
1,356,251
+240,261
| +22% | +$17.7M |
|
398
Huntington Bancshares
HBAN
$33.8B
| $96.8M | 0.05% |
10,823,863
+2,130,009
| +25% | +$20.9M |
|
399
EQT Corp
EQT
$33.4B
| $96.2M | 0.05% |
2,283,330
+297,867
| +15% | +$11.6M |
|
|
CSC
400
DELISTED
Computer Sciences
CSC
| $95.3M | 0.05% |
1,919,182
+628,323
| +49% | +$25.4M |
|
Similar funds
Norges Bank's Q2 2016 Portfolio in Review
As of Q2 2016, Norges Bank held 2,246 positions worth $210B, up 3.5% from $203B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q2 2016 filing shows 58 new, 1,025 increased, 662 reduced and 72 closed positions. Its largest new stake was Deutsche Bank: 37,741,953 shares worth $461M. The largest sale was TIME WARNER CABLE INC NEW COM STK, an estimated $559M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Healthcare and Technology.
- Norges Bank's largest Q2 2016 buy was Deutsche Bank: 37,741,953 shares worth $461M.
- Norges Bank added most to Alphabet (Google) Class A in Q2 2016, an estimated $494M increase.
- Norges Bank's biggest Q2 2016 reduction was Aflac, cutting an estimated $475M.
- Norges Bank fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $559M.
- Norges Bank's ten largest holdings make up 14% of its $210B portfolio in Q2 2016.
- Norges Bank opened 58 new positions and closed 72 in Q2 2016.
- Norges Bank's portfolio value rose 3.5% quarter-over-quarter to $210B.
Based on Norges Bank's 13F filing for Q2 2016, filed 12 Aug 2016.