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 | |
|---|---|---|---|---|---|---|
|
AHL
826
DELISTED
ASPEN Insurance Holding Limited
AHL
| $33.9M | 0.02% |
709,757
+67,070
| +10% | +$3.06M |
|
|
NE
827
DELISTED
Noble Corporation
NE
| $33.8M | 0.02% |
3,264,511
+672,807
| +26% | +$6.11M |
|
828
Spire
SR
$4.72B
| $33.6M | 0.02% |
496,279
+73,359
| +17% | +$4.68M |
|
|
AF
829
DELISTED
Astoria Financial Corporation
AF
| $33.5M | 0.02% |
2,116,966
+643,306
| +44% | +$9.75M |
|
|
UMPQ
830
DELISTED
Umpqua Holdings Corp
UMPQ
| $33.5M | 0.02% |
2,110,872
+206,459
| +11% | +$3.11M |
|
|
BERY
831
DELISTED
Berry Global Group, Inc.
BERY
| $33.4M | 0.02% |
1,005,525
-132,606
| -12% | -$3.86M |
|
832
Hain Celestial
HAIN
$53.2M
| $33.3M | 0.02% |
814,721
-126,081
| -13% | -$4.74M |
|
833
Highwoods Properties
HIW
$3.39B
| $33.3M | 0.02% |
696,969
-99,077
| -12% | -$4.32M |
|
834
Aecom
ACM
$8.08B
| $33.2M | 0.02% |
1,079,724
| – | – |
|
|
PPLI
835
People Inc
PPLI
$2.78B
| $33.2M | 0.02% |
3,949,434
-66,289
| -2% | -$570K |
|
836
Burlington
BURL
$14.5B
| $33.2M | 0.02% |
590,600
-69,181
| -10% | -$3.61M |
|
|
RPAI
837
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $33.2M | 0.02% |
2,091,829
+68,493
| +3% | +$1.03M |
|
838
Quanta Services
PWR
$93.1B
| $33.1M | 0.02% |
1,469,373
-74,286
| -5% | -$1.47M |
|
839
Euronet Worldwide
EEFT
$2.58B
| $33.1M | 0.02% |
447,108
| – | – |
|
|
KLXI
840
DELISTED
KLX Inc.
KLXI
| $33.1M | 0.02% |
1,222,047
+230,137
| +23% | +$5.63M |
|
|
LM
841
DELISTED
Legg Mason, Inc.
LM
| $33M | 0.02% |
952,830
| – | – |
|
842
Nordson
NDSN
$17.2B
| $33M | 0.02% |
433,381
+33,051
| +8% | +$2.18M |
|
|
WPG
843
DELISTED
Washington Prime Group Inc.
WPG
| $32.9M | 0.02% |
384,971
| – | – |
|
|
UNIT
844
Uniti Group
UNIT
$2.32B
| $32.8M | 0.02% |
1,475,274
-241,874
| -14% | -$4.68M |
|
845
Southwest Gas
SWX
$6.28B
| $32.8M | 0.02% |
498,376
+29,200
| +6% | +$1.76M |
|
|
BCPC
846
Balchem Corp
BCPC
$5.34B
| $32.8M | 0.02% |
529,101
| – | – |
|
847
Viasat
VSAT
$9.77B
| $32.7M | 0.02% |
445,637
-44,216
| -9% | -$2.94M |
|
848
Healthcare Realty
HR
$6.34B
| $32.7M | 0.02% |
1,111,214
+40,000
| +4% | +$1.11M |
|
|
CHMT
849
DELISTED
Chemtura Corporation
CHMT
| $32.7M | 0.02% |
1,237,424
+311,507
| +34% | +$7.96M |
|
850
Lincoln Electric
LECO
$13.9B
| $32.7M | 0.02% |
557,612
-77,013
| -12% | -$4.19M |
|
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.