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 | |
|---|---|---|---|---|---|---|
426
Ingredion
INGR
$6.25B
| $88.4M | 0.04% |
683,457
-20,575
| -3% | -$2.39M |
|
|
IPG
427
DELISTED
Interpublic Group of Companies
IPG
| $88.4M | 0.04% |
3,828,695
+268,887
| +8% | +$6.32M |
|
428
Motorola Solutions
MSI
$77.6B
| $87.7M | 0.04% |
1,329,556
+98,643
| +8% | +$7.02M |
|
429
Arch Capital
ACGL
$33.1B
| $87.7M | 0.04% |
3,653,679
-125,817
| -3% | -$2.97M |
|
430
Dover
DOV
$25.5B
| $87.4M | 0.04% |
1,561,466
+150,337
| +11% | +$8.1M |
|
|
JNPR
431
DELISTED
Juniper Networks
JNPR
| $87.4M | 0.04% |
3,885,421
+307,224
| +9% | +$7.15M |
|
432
Cintas
CTAS
$79.6B
| $87.2M | 0.04% |
3,556,132
+21,256
| +0.6% | +$490K |
|
433
Corpay
CPAY
$26.8B
| $87M | 0.04% |
607,740
+156,663
| +35% | +$23.3M |
|
|
TSS
434
DELISTED
Total System Services, Inc.
TSS
| $86.5M | 0.04% |
1,628,791
-49,827
| -3% | -$2.58M |
|
|
VAL
435
DELISTED
Valspar
VAL
| $86.5M | 0.04% |
800,652
+137,160
| +21% | +$14.7M |
|
436
Akamai
AKAM
$15.1B
| $86M | 0.04% |
1,536,780
+266,099
| +21% | +$14M |
|
|
KSU
437
DELISTED
Kansas City Southern
KSU
| $85.9M | 0.04% |
953,545
+85,963
| +10% | +$7.82M |
|
438
UDR
UDR
$11.2B
| $85.8M | 0.04% |
2,325,201
+24,595
| +1% | +$881K |
|
439
SiriusXM
SIRI
$9.95B
| $85.5M | 0.04% |
2,163,730
+336,978
| +18% | +$13.2M |
|
440
Autodesk
ADSK
$47.3B
| $85.4M | 0.04% |
1,577,473
+54,199
| +4% | +$3.14M |
|
|
DRE
441
DELISTED
Duke Realty Corp.
DRE
| $85.2M | 0.04% |
3,194,639
+796,427
| +33% | +$18.7M |
|
|
QGENF
442
DELISTED
QIAGEN NV
QGENF
| $85.1M | 0.04% |
+3,928,862
| New | +$85.1M |
|
443
Lam Research
LRCX
$339B
| $83.8M | 0.04% |
9,966,400
+417,460
| +4% | +$3.35M |
|
|
WP
444
DELISTED
Worldpay, Inc.
WP
| $83.3M | 0.04% |
1,471,146
+180,057
| +14% | +$9.73M |
|
445
Celanese
CE
$5.18B
| $83.1M | 0.04% |
1,269,743
+116,142
| +10% | +$8.07M |
|
446
Fluor
FLR
$7.23B
| $83.1M | 0.04% |
1,685,975
+246,558
| +17% | +$12.8M |
|
447
PVH
PVH
$3.3B
| $83M | 0.04% |
880,572
+29,199
| +3% | +$2.74M |
|
448
Harley-Davidson
HOG
$2.87B
| $82.2M | 0.04% |
1,814,780
-56,760
| -3% | -$2.61M |
|
449
Pembina Pipeline
PBA
$27.5B
| $81.9M | 0.04% |
2,707,873
+10,720
| +0.4% | +$313K |
|
450
JB Hunt Transport Services
JBHT
$25.6B
| $81.4M | 0.04% |
1,006,416
+145,358
| +17% | +$12M |
|
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.