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 | |
|---|---|---|---|---|---|---|
501
Herbalife
HLF
$1.25B
| $68.5M | 0.03% |
2,226,780
-59,690
| -3% | -$1.54M |
|
|
GRUB
502
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $68.5M | 0.03% |
1,363,494
+256,258
| +23% | +$11.3M |
|
503
Lennar Class A
LEN
$19.3B
| $68.3M | 0.03% |
1,483,253
+25,926
| +2% | +$1.06M |
|
504
A.O. Smith
AOS
$7.78B
| $68M | 0.03% |
1,781,034
+568,274
| +47% | +$19.9M |
|
505
W.R. Berkley
WRB
$26.5B
| $68M | 0.03% |
4,080,669
+32,539
| +0.8% | +$500K |
|
|
IHS
506
DELISTED
IHS INC CL-A COM STK
IHS
| $67.5M | 0.03% |
544,026
+30,962
| +6% | +$3.3M |
|
507
Wabtec
WAB
$47B
| $67.4M | 0.03% |
849,463
+24,907
| +3% | +$1.73M |
|
508
Newmont
NEM
$131B
| $67.2M | 0.03% |
2,528,312
+128,058
| +5% | +$2.96M |
|
509
Corpay
CPAY
$26.8B
| $67.1M | 0.03% |
451,077
+62,080
| +16% | +$8.06M |
|
510
UGI
UGI
$8.11B
| $66.9M | 0.03% |
1,660,521
+32,632
| +2% | +$1.18M |
|
511
Flex
FLEX
$39.9B
| $66.9M | 0.03% |
7,357,938
| – | – |
|
|
Y
512
DELISTED
Alleghany Corp
Y
| $66.5M | 0.03% |
134,071
-2,122
| -2% | -$1M |
|
|
FLG
513
Flagstar Bank National Association
FLG
$5.33B
| $66.4M | 0.03% |
1,392,381
-39,288
| -3% | -$1.82M |
|
514
HF Sinclair
DINO
$20B
| $66.2M | 0.03% |
1,875,215
+67,074
| +4% | +$2.31M |
|
515
Avery Dennison
AVY
$13B
| $66.2M | 0.03% |
917,895
+9,481
| +1% | +$613K |
|
516
IQVIA
IQV
$44.4B
| $66.1M | 0.03% |
1,014,861
+265,357
| +35% | +$16.8M |
|
|
VRN
517
DELISTED
Veren
VRN
| $65.8M | 0.03% |
4,735,148
+544,206
| +13% | +$6.29M |
|
|
SWN
518
DELISTED
Southwestern Energy Company
SWN
| $65.8M | 0.03% |
8,152,818
+925,335
| +13% | +$7.09M |
|
519
Kimco Realty
KIM
$15.4B
| $65.7M | 0.03% |
2,281,797
+453,594
| +25% | +$12.2M |
|
|
CIT
520
DELISTED
CIT Group Inc.
CIT
| $65.7M | 0.03% |
2,116,284
| – | – |
|
521
ManpowerGroup
MAN
$2.72B
| $65.5M | 0.03% |
804,733
+13,434
| +2% | +$1.03M |
|
522
CBRE Group
CBRE
$40.6B
| $65.5M | 0.03% |
2,273,121
-247,753
| -10% | -$6.82M |
|
|
CPGX
523
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $65.5M | 0.03% |
2,608,563
+75,959
| +3% | +$1.47M |
|
|
AMTD
524
DELISTED
TD Ameritrade Holding Corp
AMTD
| $65.4M | 0.03% |
2,074,632
+16,789
| +0.8% | +$495K |
|
525
Norwegian Cruise Line
NCLH
$6.56B
| $65.2M | 0.03% |
1,178,888
-42,922
| -4% | -$2.07M |
|
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.