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 | |
|---|---|---|---|---|---|---|
876
Commerce Bancshares
CBSH
$8.22B
| $31.6M | 0.02% |
1,146,699
| – | – |
|
|
AVNS
877
DELISTED
Avanos Medical
AVNS
| $31.6M | 0.02% |
1,098,688
-39,432
| -3% | -$1.05M |
|
|
EV
878
DELISTED
Eaton Vance Corp.
EV
| $31.5M | 0.02% |
941,038
-37,740
| -4% | -$1.12M |
|
879
Visteon
VC
$2.6B
| $31.5M | 0.02% |
395,415
| – | – |
|
|
AIFU
880
AIFU Inc
AIFU
$63.7M
| $31.4M | 0.02% |
9,788
| – | – |
|
881
Hexcel
HXL
$6.89B
| $31.3M | 0.02% |
717,001
-159,276
| -18% | -$6.69M |
|
882
Tanger
SKT
$4.11B
| $31.3M | 0.02% |
861,225
+40,812
| +5% | +$1.34M |
|
|
ALR
883
DELISTED
Alere Inc
ALR
| $31.3M | 0.02% |
618,017
| – | – |
|
|
BEAV
884
DELISTED
B/E Aerospace Inc
BEAV
| $31.2M | 0.02% |
676,233
-58,420
| -8% | -$2.5M |
|
885
Graham Holdings Company
GHC
$4.81B
| $31.2M | 0.02% |
64,904
+4,700
| +8% | +$2.24M |
|
886
Teck Resources
TECK
$31.5B
| $31.1M | 0.02% |
4,090,041
+3,746,624
| +1,091% | +$20.3M |
|
887
Pool Corp
POOL
$6.1B
| $31.1M | 0.02% |
354,898
-46,509
| -12% | -$3.74M |
|
|
DCT
888
DELISTED
DCT Industrial Trust Inc.
DCT
| $31M | 0.02% |
786,153
| – | – |
|
889
Kirby Corp
KEX
$7.23B
| $31M | 0.02% |
514,133
| – | – |
|
890
AutoNation
AN
$6.46B
| $31M | 0.02% |
663,800
| – | – |
|
|
ISBC
891
DELISTED
Investors Bancorp, Inc.
ISBC
| $31M | 0.02% |
2,661,872
-285,566
| -10% | -$3.29M |
|
892
SITE Centers
SITC
$153M
| $30.9M | 0.02% |
1,346,839
| – | – |
|
893
Arista Networks
ANET
$249B
| $30.8M | 0.02% |
7,811,904
+1,753,568
| +29% | +$6.86M |
|
|
DBD
894
DELISTED
Diebold Nixdorf Incorporated
DBD
| $30.7M | 0.02% |
1,062,739
+35,000
| +3% | +$915K |
|
895
Cabot Corp
CBT
$4.05B
| $30.7M | 0.02% |
635,054
-112,882
| -15% | -$4.86M |
|
|
EQC
896
DELISTED
Equity Commonwealth
EQC
| $30.7M | 0.02% |
1,086,980
| – | – |
|
897
Sun Life Financial
SLF
$44.6B
| $30.7M | 0.02% |
946,444
-148,000
| -14% | -$4.34M |
|
|
IMS
898
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| $30.7M | 0.02% |
1,154,697
-1,877,118
| -62% | -$46.6M |
|
899
Thor Industries
THO
$3.63B
| $30.5M | 0.02% |
477,941
| – | – |
|
900
Live Nation Entertainment
LYV
$39.9B
| $30.5M | 0.02% |
1,365,697
-68,701
| -5% | -$1.5M |
|
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.