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 | |
|---|---|---|---|---|---|---|
801
Lincoln Electric
LECO
$14.1B
| $36.8M | 0.02% |
622,683
+65,071
| +12% | +$3.92M |
|
|
CPHD
802
DELISTED
Cepheid Inc
CPHD
| $36.7M | 0.02% |
1,193,990
+125,593
| +12% | +$3.8M |
|
|
STOR
803
DELISTED
STORE Capital Corporation
STOR
| $36.6M | 0.02% |
1,243,077
+266,343
| +27% | +$7.01M |
|
804
Patterson-UTI
PTEN
$4.71B
| $36.6M | 0.02% |
1,715,513
| – | – |
|
|
HR
805
DELISTED
Healthcare Realty Trust Incorporated
HR
| $36.5M | 0.02% |
1,043,309
+150,700
| +17% | +$4.78M |
|
806
Toll Brothers
TOL
$12.4B
| $36.5M | 0.02% |
1,356,446
+255,275
| +23% | +$7.17M |
|
807
TransUnion
TRU
$14.5B
| $36.4M | 0.02% |
1,089,215
+35,772
| +3% | +$1.1M |
|
|
EV
808
DELISTED
Eaton Vance Corp.
EV
| $36.4M | 0.02% |
1,029,797
+88,759
| +9% | +$3.11M |
|
809
Sabre
SABR
$900M
| $36.3M | 0.02% |
1,356,523
+677,321
| +100% | +$19M |
|
810
Aecom
ACM
$8.22B
| $36.3M | 0.02% |
1,143,176
+63,452
| +6% | +$2.01M |
|
811
Brunswick
BC
$4.51B
| $36.3M | 0.02% |
800,437
-49,355
| -6% | -$2.34M |
|
|
SPN
812
DELISTED
Superior Energy Services, Inc.
SPN
| $36.1M | 0.02% |
196,173
-7,273
| -4% | -$1.19M |
|
813
NewMarket
NEU
$8.16B
| $36.1M | 0.02% |
87,086
| – | – |
|
814
Mercury Insurance
MCY
$5.63B
| $36M | 0.02% |
677,264
+56,031
| +9% | +$2.95M |
|
|
MDSO
815
DELISTED
Medidata Solutions, Inc.
MDSO
| $36M | 0.02% |
767,078
+30,739
| +4% | +$1.34M |
|
|
EGN
816
DELISTED
Energen
EGN
| $35.9M | 0.02% |
744,019
| – | – |
|
817
Pool Corp
POOL
$6.24B
| $35.8M | 0.02% |
380,982
+26,084
| +7% | +$2.34M |
|
818
Silgan Holdings
SLGN
$4.15B
| $35.8M | 0.02% |
1,392,178
+41,260
| +3% | +$1.06M |
|
819
Commerce Bancshares
CBSH
$8.32B
| $35.8M | 0.02% |
1,216,525
+69,826
| +6% | +$2.01M |
|
820
Quanta Services
PWR
$94.3B
| $35.5M | 0.02% |
1,536,852
+67,479
| +5% | +$1.56M |
|
821
Carpenter Technology
CRS
$20.9B
| $35.5M | 0.02% |
1,078,696
| – | – |
|
822
CNO Financial Group
CNO
$5.2B
| $35.5M | 0.02% |
2,032,765
| – | – |
|
823
PBF Energy
PBF
$8.99B
| $35.4M | 0.02% |
1,490,695
+172,831
| +13% | +$4.97M |
|
|
RPAI
824
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $35.4M | 0.02% |
2,091,829
| – | – |
|
825
Chubb
CB
$132B
| $35.3M | 0.02% |
270,214
-316,931
| -54% | -$39.1M |
|
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.