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 | |
|---|---|---|---|---|---|---|
|
TCF
776
DELISTED
TCF Financial Corporation
TCF
| $38.5M | 0.02% |
3,041,790
+100,174
| +3% | +$1.32M |
|
|
PNY
777
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $38.3M | 0.02% |
637,143
-19,745
| -3% | -$1.18M |
|
|
DNY
778
DELISTED
DONNELLEY R R & SONS CO
DNY
| $38.2M | 0.02% |
2,257,568
+102,353
| +5% | +$1.73M |
|
|
ACH
779
Accendra Health
ACH
$82.3M
| $38M | 0.02% |
1,015,963
+63,456
| +7% | +$2.38M |
|
780
Dolby
DLB
$5.5B
| $37.9M | 0.02% |
792,097
-50,000
| -6% | -$2.28M |
|
781
Urban Edge Properties
UE
$2.53B
| $37.9M | 0.02% |
1,267,566
-168,094
| -12% | -$4.5M |
|
782
Graham Holdings Company
GHC
$4.81B
| $37.8M | 0.02% |
77,255
+12,351
| +19% | +$6.02M |
|
783
ON Semiconductor
ON
$25.9B
| $37.8M | 0.02% |
4,281,094
+110,011
| +3% | +$1.05M |
|
784
Assured Guaranty
AGO
$3.14B
| $37.6M | 0.02% |
1,483,667
| – | – |
|
785
Graphic Packaging
GPK
$2.86B
| $37.6M | 0.02% |
2,994,711
+148,675
| +5% | +$1.94M |
|
786
ACI Worldwide
ACIW
$5.21B
| $37.4M | 0.02% |
1,917,401
-10,000
| -0.5% | -$203K |
|
787
Healthcare Realty
HR
$6.34B
| $37.4M | 0.02% |
1,155,747
+44,533
| +4% | +$1.34M |
|
788
Deluxe
DLX
$1.08B
| $37.3M | 0.02% |
562,457
+16,776
| +3% | +$1.06M |
|
|
TMX
789
DELISTED
Terminix Global Holdings, Inc.
TMX
| $37.3M | 0.02% |
1,399,023
+571,826
| +69% | +$14.5M |
|
|
HI
790
DELISTED
Hillenbrand
HI
| $37.3M | 0.02% |
1,240,369
+509,387
| +70% | +$15.4M |
|
791
Viasat
VSAT
$9.77B
| $37.2M | 0.02% |
521,481
+75,844
| +17% | +$5.52M |
|
|
BERY
792
DELISTED
Berry Global Group, Inc.
BERY
| $37.2M | 0.02% |
1,043,287
+37,762
| +4% | +$1.29M |
|
793
Sally Beauty Holdings
SBH
$1.5B
| $37.2M | 0.02% |
1,263,770
+71,436
| +6% | +$2.14M |
|
794
Fortinet
FTNT
$126B
| $37.2M | 0.02% |
5,881,085
-265,375
| -4% | -$1.72M |
|
|
ATHN
795
DELISTED
Athenahealth, Inc.
ATHN
| $37M | 0.02% |
267,834
-17,319
| -6% | -$2.29M |
|
|
CMD
796
DELISTED
Cantel Medical Corporation
CMD
| $37M | 0.02% |
537,797
| – | – |
|
|
SIVB
797
DELISTED
SVB Financial Group
SIVB
| $36.8M | 0.02% |
387,001
| – | – |
|
798
Chemed
CHE
$6.66B
| $36.8M | 0.02% |
270,058
| – | – |
|
|
SGEN
799
DELISTED
Seagen Inc. Common Stock
SGEN
| $36.8M | 0.02% |
910,520
+71,736
| +9% | +$2.73M |
|
|
CVA
800
DELISTED
Covanta Holding Corporation
CVA
| $36.8M | 0.02% |
2,236,673
+210,872
| +10% | +$3.48M |
|
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.