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 | |
|---|---|---|---|---|---|---|
626
W.P. Carey
WPC
$15.6B
| $51.3M | 0.02% |
754,361
| – | – |
|
|
NBIS
627
Nebius Group N.V.
NBIS
$56.4B
| $51.2M | 0.02% |
2,344,394
+255,191
| +12% | +$4.96M |
|
628
West Pharmaceutical
WST
$25.7B
| $51.2M | 0.02% |
674,793
+71,683
| +12% | +$5.22M |
|
629
Liberty Global Class C
LBTYK
$3.44B
| $51.2M | 0.02% |
1,786,299
-1,671,356
| -48% | -$52.7M |
|
630
CoStar Group
CSGP
$12.8B
| $51.1M | 0.02% |
2,336,080
-41,830
| -2% | -$827K |
|
631
Hubbell
HUBB
$23.2B
| $51M | 0.02% |
483,442
+2,388
| +0.5% | +$251K |
|
632
Charles River Laboratories
CRL
$13B
| $51M | 0.02% |
618,208
| – | – |
|
633
CF Industries
CF
$20.5B
| $50.9M | 0.02% |
2,113,290
+220,642
| +12% | +$6.55M |
|
634
Voya Financial
VOYA
$9.28B
| $50.9M | 0.02% |
2,054,841
+179,248
| +10% | +$5.48M |
|
|
CIT
635
DELISTED
CIT Group Inc.
CIT
| $50.8M | 0.02% |
1,593,377
-522,907
| -25% | -$17M |
|
636
Camden Property Trust
CPT
$11.9B
| $50.8M | 0.02% |
575,029
+145,801
| +34% | +$12.2M |
|
637
Jefferies Financial Group
JEF
$11.3B
| $50.8M | 0.02% |
3,274,510
+432,746
| +15% | +$6.61M |
|
638
Robert Half
RHI
$3.92B
| $50.7M | 0.02% |
1,327,510
+114,945
| +9% | +$4.7M |
|
639
RenaissanceRe
RNR
$13.7B
| $50.6M | 0.02% |
430,750
-19,910
| -4% | -$2.28M |
|
|
SPR
640
DELISTED
Spirit AeroSystems
SPR
| $50.5M | 0.02% |
1,173,537
+18,000
| +2% | +$829K |
|
641
Wabtec
WAB
$47B
| $50.4M | 0.02% |
718,239
-131,224
| -15% | -$10.2M |
|
642
Core Laboratories
CLB
$563M
| $50.2M | 0.02% |
404,910
+28,975
| +8% | +$3.5M |
|
|
ULTI
643
DELISTED
Ultimate Software Group Inc
ULTI
| $49.9M | 0.02% |
237,332
| – | – |
|
|
SNI
644
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $49.8M | 0.02% |
799,772
+41,517
| +5% | +$2.65M |
|
645
Raymond James Financial
RJF
$32.5B
| $49.7M | 0.02% |
1,512,708
| – | – |
|
646
H&R Block
HRB
$5.65B
| $49.6M | 0.02% |
2,157,878
-89,769
| -4% | -$2M |
|
647
Carter's
CRI
$1.07B
| $49.4M | 0.02% |
463,634
| – | – |
|
|
SRC
648
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $49.3M | 0.02% |
861,687
+54,466
| +7% | +$2.85M |
|
|
VMW
649
DELISTED
VMware, Inc
VMW
| $49.3M | 0.02% |
861,401
+177,882
| +26% | +$10.3M |
|
|
IMS
650
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| $49.1M | 0.02% |
1,937,760
+783,063
| +68% | +$20.1M |
|
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.