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 |
Alphabet (Google) Class A
GOOGL
|
+$410M |
| 2 |
Ameriprise Financial
AMP
|
+$222M |
| 3 |
UBS Group
UBS
|
+$218M |
| 4 |
Bank of America
BAC
|
+$214M |
| 5 |
Verizon
VZ
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$639M |
| 2 |
Prologis
PLD
|
+$395M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$291M |
| 4 |
Macerich
MAC
|
+$287M |
| 5 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$268M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.36% |
| 2 | Technology | 14.39% |
| 3 | Healthcare | 14.03% |
| 4 | Consumer Discretionary | 10.04% |
| 5 | Communication Services | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Arch Capital
ACGL
$33.1B
| $89.6M | 0.04% |
3,779,496
+110,667
| +3% | +$2.52M |
|
402
Royal Gold
RGLD
$21.3B
| $89.2M | 0.04% |
1,739,466
+1,440,817
| +482% | +$58.7M |
|
403
Ametek
AME
$53.8B
| $89.1M | 0.04% |
1,782,384
| – | – |
|
404
Autodesk
ADSK
$47.3B
| $88.8M | 0.04% |
1,523,274
-231,662
| -13% | -$12.1M |
|
405
UDR
UDR
$11.2B
| $88.6M | 0.04% |
2,300,606
+872,497
| +61% | +$31.2M |
|
406
United Airlines
UAL
$34.7B
| $88.3M | 0.04% |
1,475,917
+137,057
| +10% | +$7.28M |
|
407
Martin Marietta Materials
MLM
$36B
| $88.1M | 0.04% |
552,361
+22,070
| +4% | +$3.03M |
|
408
Newell Brands
NWL
$2.4B
| $88M | 0.04% |
1,987,378
-331,818
| -14% | -$13M |
|
409
American Airlines Group
AAL
$8.45B
| $88M | 0.04% |
2,146,229
-217,316
| -9% | -$8.75M |
|
410
T. Rowe Price
TROW
$22.2B
| $87.9M | 0.04% |
1,196,780
+94,944
| +9% | +$6.59M |
|
411
Manulife Financial
MFC
$72.7B
| $87.5M | 0.04% |
6,155,340
+2,632,006
| +75% | +$35.3M |
|
412
Annaly Capital Management
NLY
$16.1B
| $87.4M | 0.04% |
2,130,721
+1,768,873
| +489% | +$69.4M |
|
413
Acuity Brands
AYI
$8.98B
| $87.2M | 0.04% |
399,661
-170,119
| -30% | -$35.1M |
|
414
Progressive
PGR
$129B
| $86.4M | 0.04% |
2,459,526
-35,930
| -1% | -$1.15M |
|
415
Fidelity National Financial
FNF
$11.7B
| $86.3M | 0.04% |
3,667,019
-22,025
| -0.6% | -$493K |
|
|
CTRA
416
DELISTED
Coterra Energy
CTRA
| $85.9M | 0.04% |
3,784,209
+372,728
| +11% | +$7.47M |
|
417
Coca-Cola Europacific Partners
CCEP
$45.4B
| $85.8M | 0.04% |
1,690,127
+382,114
| +29% | +$18.4M |
|
418
Tractor Supply
TSCO
$17.2B
| $85.5M | 0.04% |
4,727,345
-627,090
| -12% | -$10.7M |
|
|
INXN
419
DELISTED
Interxion Holding N.V.
INXN
| $85M | 0.04% |
2,458,958
-1,679
| -0.1% | -$52.2K |
|
|
CXO
420
DELISTED
CONCHO RESOURCES INC.
CXO
| $84.8M | 0.04% |
839,754
-107,884
| -11% | -$9.91M |
|
421
PVH
PVH
$3.3B
| $84.3M | 0.04% |
851,373
+48,842
| +6% | +$3.84M |
|
422
Mettler-Toledo International
MTD
$26.7B
| $84.2M | 0.04% |
244,299
| – | – |
|
423
Pinnacle West Capital
PNW
$11.5B
| $83.8M | 0.04% |
1,116,508
| – | – |
|
|
HOLX
424
DELISTED
Hologic
HOLX
| $83.3M | 0.04% |
2,414,355
-119,405
| -5% | -$4.16M |
|
425
Huntington Bancshares
HBAN
$33.8B
| $82.9M | 0.04% |
8,693,854
+4,956,899
| +133% | +$45.7M |
|
Similar funds
Norges Bank's Q1 2016 Portfolio in Review
As of Q1 2016, Norges Bank held 2,266 positions worth $203B, up 1.1% from $201B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Norges Bank's Q1 2016 filing shows 36 new, 739 increased, 656 reduced and 78 closed positions. Its largest new stake was Ferrari: 2,593,904 shares worth $108M. The largest sale was Comcast, an estimated $639M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2016 buy was Ferrari: 2,593,904 shares worth $108M.
- Norges Bank added most to Alphabet (Google) Class A in Q1 2016, an estimated $410M increase.
- Norges Bank's biggest Q1 2016 reduction was Comcast, cutting an estimated $639M.
- Norges Bank fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $291M.
- Norges Bank's ten largest holdings make up 15% of its $203B portfolio in Q1 2016.
- Norges Bank opened 36 new positions and closed 78 in Q1 2016.
- Norges Bank's portfolio value rose 1.1% quarter-over-quarter to $203B.
Based on Norges Bank's 13F filing for Q1 2016, filed 10 May 2016.