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 | |
|---|---|---|---|---|---|---|
|
FTR
801
DELISTED
Frontier Communications Corp.
FTR
| $35.5M | 0.02% |
422,889
-281,860
| -40% | -$20.5M |
|
802
Regency Centers
REG
$13.4B
| $35.4M | 0.02% |
472,751
+64,945
| +16% | +$4.64M |
|
|
DNY
803
DELISTED
DONNELLEY R R & SONS CO
DNY
| $35.3M | 0.02% |
2,155,215
+197,640
| +10% | +$3.24M |
|
804
MSC Industrial Direct
MSM
$6.73B
| $35.2M | 0.02% |
461,575
| – | – |
|
805
Graco
GGG
$12.4B
| $35.2M | 0.02% |
1,257,330
-75,000
| -6% | -$1.87M |
|
806
Howard Hughes
HHH
$3.71B
| $35.2M | 0.02% |
348,398
| – | – |
|
807
Sensient Technologies
SXT
$5.46B
| $35.1M | 0.02% |
552,583
+50,000
| +10% | +$2.94M |
|
808
Enerpac Tool Group
EPAC
$1.83B
| $35.1M | 0.02% |
1,418,825
+219,754
| +18% | +$5.06M |
|
809
WaFd
WAFD
$2.43B
| $35M | 0.02% |
1,544,693
+89,000
| +6% | +$1.93M |
|
|
QEP
810
DELISTED
QEP RESOURCES, INC.
QEP
| $34.8M | 0.02% |
2,467,643
-73,742
| -3% | -$853K |
|
|
CBI
811
DELISTED
Chicago Bridge & Iron Nv
CBI
| $34.7M | 0.02% |
948,926
-5,813
| -0.6% | -$208K |
|
812
ONE Gas
OGS
$4.81B
| $34.7M | 0.02% |
567,996
-56,756
| -9% | -$3.2M |
|
|
ODP
813
DELISTED
ODP
ODP
| $34.7M | 0.02% |
488,228
+29,628
| +6% | +$1.6M |
|
|
OPLN
814
Openlane
OPLN
$4.28B
| $34.6M | 0.02% |
2,395,007
+411,935
| +21% | +$5.46M |
|
815
NewMarket
NEU
$8.2B
| $34.5M | 0.02% |
87,086
-16,430
| -16% | -$6.03M |
|
816
Mercury Insurance
MCY
$5.65B
| $34.5M | 0.02% |
621,233
| – | – |
|
817
National Fuel Gas
NFG
$7.64B
| $34.5M | 0.02% |
688,779
-35,573
| -5% | -$1.64M |
|
|
LSI
818
DELISTED
Life Storage, Inc.
LSI
| $34.4M | 0.02% |
437,889
| – | – |
|
|
MSCC
819
DELISTED
Microsemi Corp
MSCC
| $34.4M | 0.02% |
896,786
+77,201
| +9% | +$2.56M |
|
820
Universal Display
OLED
$3.51B
| $34.3M | 0.02% |
634,013
| – | – |
|
|
THS
821
DELISTED
Treehouse Foods
THS
| $34.2M | 0.02% |
394,182
+61,473
| +18% | +$4.91M |
|
|
INFO
822
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $34.2M | 0.02% |
966,352
+200,536
| +26% | +$5.82M |
|
|
CVA
823
DELISTED
Covanta Holding Corporation
CVA
| $34.2M | 0.02% |
2,025,801
-338,295
| -14% | -$4.99M |
|
824
Deluxe
DLX
$1.08B
| $34.1M | 0.02% |
545,681
-8,733
| -2% | -$487K |
|
|
FDC
825
DELISTED
First Data Corporation
FDC
| $33.9M | 0.02% |
2,617,801
-1,136,928
| -30% | -$14.6M |
|
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.