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 | |
|---|---|---|---|---|---|---|
901
Hilltop Holdings
HTH
$2.22B
| $31.5M | 0.02% |
1,502,936
+795,320
| +112% | +$15.9M |
|
|
AWH
902
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $31.5M | 0.02% |
897,446
-35,169
| -4% | -$1.27M |
|
903
MSC Industrial Direct
MSM
$6.73B
| $31.5M | 0.02% |
445,948
-15,627
| -3% | -$1.16M |
|
904
Nu Skin
NUS
$223M
| $31.5M | 0.01% |
680,949
+120,612
| +22% | +$4.86M |
|
905
Energizer
ENR
$1.42B
| $31.4M | 0.01% |
609,322
+90,428
| +17% | +$4.14M |
|
906
Cullen/Frost Bankers
CFR
$9.91B
| $31.3M | 0.01% |
491,579
+27,688
| +6% | +$1.71M |
|
907
Avista
AVA
$3.08B
| $31.2M | 0.01% |
697,415
+25,300
| +4% | +$1.04M |
|
|
LVNTA
908
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $31.2M | 0.01% |
842,203
-204,415
| -20% | -$7.77M |
|
909
Mercado Libre
MELI
$93.3B
| $31.2M | 0.01% |
221,644
+20,937
| +10% | +$2.72M |
|
910
Fair Isaac
FICO
$21.4B
| $31.2M | 0.01% |
275,805
| – | – |
|
|
PRXL
911
DELISTED
Parexel International Corp
PRXL
| $31.1M | 0.01% |
494,578
+37,164
| +8% | +$2.3M |
|
912
World Kinect Corp
WKC
$1.81B
| $31.1M | 0.01% |
654,126
+62,644
| +11% | +$2.92M |
|
913
Rayonier
RYN
$5.96B
| $31M | 0.01% |
1,303,324
+106,763
| +9% | +$2.45M |
|
|
NUAN
914
DELISTED
Nuance Communications, Inc.
NUAN
| $31M | 0.01% |
2,289,507
+536,755
| +31% | +$7.98M |
|
915
Euronet Worldwide
EEFT
$2.58B
| $30.9M | 0.01% |
447,108
| – | – |
|
916
Cinemark Holdings
CNK
$3.94B
| $30.9M | 0.01% |
846,888
| – | – |
|
917
New Jersey Resources
NJR
$5.43B
| $30.9M | 0.01% |
800,622
-13,000
| -2% | -$469K |
|
918
The Mosaic Company
MOS
$7.88B
| $30.9M | 0.01% |
1,178,747
+270,910
| +30% | +$7.19M |
|
|
KLXI
919
DELISTED
KLX Inc.
KLXI
| $30.9M | 0.01% |
1,180,537
-41,510
| -3% | -$1.14M |
|
|
PPS
920
DELISTED
Post Properties
PPS
| $30.9M | 0.01% |
505,399
+29,989
| +6% | +$1.77M |
|
|
NE
921
DELISTED
Noble Corporation
NE
| $30.8M | 0.01% |
3,743,785
+479,274
| +15% | +$4.57M |
|
922
Leidos
LDOS
$16.2B
| $30.8M | 0.01% |
642,714
-105,737
| -14% | -$5.23M |
|
923
Watsco Inc
WSO
$12.5B
| $30.7M | 0.01% |
218,548
+24,163
| +12% | +$3.24M |
|
924
Avient
AVNT
$3.75B
| $30.7M | 0.01% |
871,252
| – | – |
|
925
Emcor
EME
$32.6B
| $30.7M | 0.01% |
622,407
-47,253
| -7% | -$2.25M |
|
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.