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 | |
|---|---|---|---|---|---|---|
651
Omega Healthcare
OHI
$14.3B
| $49M | 0.02% |
1,444,717
+17,741
| +1% | +$592K |
|
652
DexCom
DXCM
$32.6B
| $48.9M | 0.02% |
2,466,284
-121,568
| -5% | -$2.07M |
|
653
Telus
TU
$14.3B
| $48.8M | 0.02% |
3,049,522
-372,398
| -11% | -$5.9M |
|
|
CSRA
654
DELISTED
CSRA Inc.
CSRA
| $48.7M | 0.02% |
2,076,632
+430,559
| +26% | +$10.8M |
|
655
Highwoods Properties
HIW
$3.39B
| $48.6M | 0.02% |
920,332
+223,363
| +32% | +$10.8M |
|
656
US Foods
USFD
$19.9B
| $48.5M | 0.02% |
+2,000,000
| New | +$48.8M |
|
|
HDS
657
DELISTED
HD Supply Holdings, Inc.
HDS
| $48.5M | 0.02% |
1,391,522
-104,434
| -7% | -$3.56M |
|
658
Oceaneering
OII
$4.75B
| $48.4M | 0.02% |
1,621,488
+331,821
| +26% | +$10.8M |
|
659
CDW
CDW
$19.2B
| $48.4M | 0.02% |
1,206,347
-129,448
| -10% | -$5.37M |
|
660
Restaurant Brands International
QSR
$26.3B
| $48.1M | 0.02% |
1,157,933
-85,161
| -7% | -$3.52M |
|
661
Stellantis
STLA
$14.8B
| $47.8M | 0.02% |
7,863,088
-5,387,994
| -41% | -$39M |
|
662
United Therapeutics
UTHR
$21.5B
| $47.7M | 0.02% |
450,776
-12,414
| -3% | -$1.38M |
|
663
RB Global
RBA
$15.9B
| $47.7M | 0.02% |
1,420,058
| – | – |
|
|
TRCO
664
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $47.7M | 0.02% |
1,218,039
+215,813
| +22% | +$8.36M |
|
|
AUY
665
DELISTED
Yamana Gold, Inc.
AUY
| $47.7M | 0.02% |
9,218,107
+1,277,766
| +16% | +$5.73M |
|
666
SS&C Technologies
SSNC
$19.1B
| $47.7M | 0.02% |
1,698,376
| – | – |
|
667
Regency Centers
REG
$13.6B
| $47.6M | 0.02% |
568,394
+95,643
| +20% | +$7.36M |
|
668
Axalta
AXTA
$7.12B
| $47.3M | 0.02% |
1,781,997
-355,924
| -17% | -$10.1M |
|
669
Revvity
RVTY
$15.6B
| $47.3M | 0.02% |
901,796
+4,051
| +0.5% | +$213K |
|
|
ARRS
670
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $47.3M | 0.02% |
2,254,548
-742,598
| -25% | -$16.8M |
|
671
Cboe Global Markets
CBOE
$28.2B
| $47M | 0.02% |
705,397
| – | – |
|
672
Bausch Health
BHC
$2.12B
| $46.8M | 0.02% |
2,329,177
-80,153
| -3% | -$2.27M |
|
673
Flowserve
FLS
$9.03B
| $46.8M | 0.02% |
1,036,370
-270,369
| -21% | -$12.7M |
|
674
Middleby
MIDD
$5.02B
| $46.8M | 0.02% |
406,017
-33,527
| -8% | -$3.85M |
|
|
PBCT
675
DELISTED
People's United Financial Inc
PBCT
| $46.7M | 0.02% |
3,187,414
+649,100
| +26% | +$10.1M |
|
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.