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 | |
|---|---|---|---|---|---|---|
|
TCO
751
DELISTED
Taubman Centers Inc.
TCO
| $40.4M | 0.02% |
543,969
+28,185
| +5% | +$1.98M |
|
752
HNI Corp
HNI
$3.34B
| $40.3M | 0.02% |
866,811
+199,374
| +30% | +$8.74M |
|
753
CACI
CACI
$14B
| $40.2M | 0.02% |
444,574
+56,519
| +15% | +$5.61M |
|
754
Jabil
JBL
$31.9B
| $40.2M | 0.02% |
2,175,091
+83,703
| +4% | +$1.52M |
|
755
Integra LifeSciences
IART
$1.25B
| $40M | 0.02% |
1,003,900
-105,014
| -9% | -$3.78M |
|
756
News Corp Class A
NWSA
$16.3B
| $39.8M | 0.02% |
3,509,091
-47,303
| -1% | -$570K |
|
|
WWAV
757
DELISTED
The WhiteWave Foods Company
WWAV
| $39.7M | 0.02% |
846,349
-250,109
| -23% | -$10.7M |
|
758
Sun Communities
SUI
$14.1B
| $39.5M | 0.02% |
515,499
+69,808
| +16% | +$4.93M |
|
759
Federated Hermes
FHI
$4.33B
| $39.5M | 0.02% |
1,371,321
-23,000
| -2% | -$703K |
|
|
WFT
760
DELISTED
Weatherford International plc
WFT
| $39.5M | 0.02% |
7,110,565
+401,070
| +6% | +$2.62M |
|
|
FEIC
761
DELISTED
FEI COMPANY
FEIC
| $39.5M | 0.02% |
369,152
-164,939
| -31% | -$15.8M |
|
762
EPR Properties
EPR
$4.48B
| $39.3M | 0.02% |
487,584
| – | – |
|
|
OPLN
763
Openlane
OPLN
$4.28B
| $39.3M | 0.02% |
2,489,168
+94,161
| +4% | +$1.41M |
|
764
National Fuel Gas
NFG
$7.59B
| $39.3M | 0.02% |
690,844
+2,065
| +0.3% | +$111K |
|
|
UNIT
765
Uniti Group
UNIT
$2.42B
| $39.2M | 0.02% |
1,357,166
-118,108
| -8% | -$2.93M |
|
766
Hanover Insurance
THG
$8.13B
| $39.2M | 0.02% |
463,470
+29,246
| +7% | +$2.52M |
|
767
Casey's General Stores
CASY
$22.2B
| $39.1M | 0.02% |
297,487
-31,113
| -9% | -$3.61M |
|
|
ELLI
768
DELISTED
Ellie Mae Inc
ELLI
| $39.1M | 0.02% |
426,864
+31,603
| +8% | +$2.69M |
|
|
BEAV
769
DELISTED
B/E Aerospace Inc
BEAV
| $39.1M | 0.02% |
846,542
+170,309
| +25% | +$8.14M |
|
770
WaFd
WAFD
$2.46B
| $38.9M | 0.02% |
1,604,070
+59,377
| +4% | +$1.43M |
|
771
Keysight
KEYS
$54.4B
| $38.8M | 0.02% |
1,334,477
-822,970
| -38% | -$23.3M |
|
|
BRSL
772
Brightstar Lottery PLC
BRSL
$1.96B
| $38.7M | 0.02% |
2,066,159
-406,570
| -16% | -$7.37M |
|
773
AGCO
AGCO
$8.49B
| $38.6M | 0.02% |
818,866
| – | – |
|
774
Howard Hughes
HHH
$3.81B
| $38.6M | 0.02% |
354,063
+5,665
| +2% | +$582K |
|
775
Bruker
BRKR
$8.97B
| $38.5M | 0.02% |
1,694,433
+20,000
| +1% | +$534K |
|
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.