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 | |
|---|---|---|---|---|---|---|
451
Lear
LEA
$6.22B
| $81.4M | 0.04% |
800,306
+55,394
| +7% | +$6.23M |
|
452
Brown-Forman Class B
BF.B
$12B
| $81.4M | 0.04% |
2,548,469
+1,233,378
| +94% | +$38.2M |
|
453
Citizens Financial Group
CFG
$29.6B
| $81M | 0.04% |
4,055,462
-253,309
| -6% | -$5.62M |
|
|
TIF
454
DELISTED
Tiffany & Co.
TIF
| $80.8M | 0.04% |
1,331,905
+221,239
| +20% | +$14.7M |
|
455
Broadridge
BR
$19.4B
| $80.5M | 0.04% |
1,234,247
+48,276
| +4% | +$2.99M |
|
456
Tractor Supply
TSCO
$17.2B
| $80.4M | 0.04% |
4,410,485
-316,860
| -7% | -$5.89M |
|
|
Y
457
DELISTED
Alleghany Corp
Y
| $80.4M | 0.04% |
146,255
+12,184
| +9% | +$6.35M |
|
458
Franklin Templeton
BEN
$16.9B
| $78.7M | 0.04% |
2,357,437
-61,576
| -3% | -$2.24M |
|
459
Under Armour Class C
UA
$2.07B
| $78.3M | 0.04% |
+2,152,252
| New | +$79.4M |
|
460
Regions Financial
RF
$25.3B
| $78.3M | 0.04% |
9,203,838
| – | – |
|
|
DISH
461
DELISTED
DISH Network Corp.
DISH
| $78.3M | 0.04% |
1,494,699
-61,517
| -4% | -$3.01M |
|
462
Seagate
STX
$176B
| $78.1M | 0.04% |
3,207,688
-44,023
| -1% | -$1.07M |
|
463
Invesco
IVZ
$13.6B
| $78.1M | 0.04% |
3,056,671
+30,902
| +1% | +$917K |
|
464
Marriott International
MAR
$87.9B
| $78.1M | 0.04% |
1,174,518
-742,502
| -39% | -$49.8M |
|
465
Microchip Technology
MCHP
$38.8B
| $78M | 0.04% |
3,075,216
+227,410
| +8% | +$5.66M |
|
|
AMTD
466
DELISTED
TD Ameritrade Holding Corp
AMTD
| $78M | 0.04% |
2,739,902
+665,270
| +32% | +$20.2M |
|
467
Bread Financial
BFH
$4.14B
| $78M | 0.04% |
498,525
-46,941
| -9% | -$7.81M |
|
468
Jazz Pharmaceuticals
JAZZ
$15.6B
| $77.8M | 0.04% |
550,476
+177,738
| +48% | +$26.2M |
|
|
SJR
469
DELISTED
Shaw Communications Inc.
SJR
| $77.4M | 0.04% |
4,055,415
| – | – |
|
470
Iron Mountain
IRM
$33.4B
| $77.4M | 0.04% |
1,943,532
+477,714
| +33% | +$17.4M |
|
471
Newmont
NEM
$131B
| $77.3M | 0.04% |
1,976,839
-551,473
| -22% | -$18.3M |
|
|
VER
472
DELISTED
VEREIT, Inc.
VER
| $76.6M | 0.04% |
1,511,683
-200,000
| -12% | -$9.42M |
|
473
Old Republic International
ORI
$9.91B
| $76.5M | 0.04% |
3,967,874
+1,339,979
| +51% | +$25M |
|
|
FRC
474
DELISTED
First Republic Bank
FRC
| $76.1M | 0.04% |
1,087,347
+214,374
| +25% | +$14.8M |
|
475
Albemarle
ALB
$13.4B
| $75.8M | 0.04% |
955,860
+12,870
| +1% | +$945K |
|
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.