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 | |
|---|---|---|---|---|---|---|
926
Insulet
PODD
$9.75B
| $30.6M | 0.01% |
1,013,067
+124,819
| +14% | +$3.88M |
|
927
First Citizens BancShares
FCNCA
$23.7B
| $30.6M | 0.01% |
118,140
+13,068
| +12% | +$3.29M |
|
|
CRAY
928
DELISTED
Cray, Inc.
CRAY
| $30.4M | 0.01% |
1,017,532
+340,100
| +50% | +$11.9M |
|
929
Prestige Consumer Healthcare
PBH
$2.22B
| $30.4M | 0.01% |
549,356
+23,122
| +4% | +$1.27M |
|
|
DBD
930
DELISTED
Diebold Nixdorf Incorporated
DBD
| $30.4M | 0.01% |
1,222,360
+159,621
| +15% | +$4.11M |
|
931
WEX
WEX
$6.72B
| $30.3M | 0.01% |
341,910
+56,162
| +20% | +$5.01M |
|
932
Alkermes
ALKS
$7.73B
| $30.3M | 0.01% |
700,957
-189,359
| -21% | -$7.81M |
|
933
CAE Inc
CAE
$7.74B
| $30.2M | 0.01% |
2,513,271
-35,800
| -1% | -$432K |
|
|
SFLY
934
DELISTED
Shutterfly, Inc.
SFLY
| $30.2M | 0.01% |
647,782
+50,753
| +9% | +$2.38M |
|
935
Eagle Materials
EXP
$5.5B
| $30.1M | 0.01% |
390,626
+84,362
| +28% | +$6.37M |
|
936
Cracker Barrel
CBRL
$966M
| $30.1M | 0.01% |
175,571
+8,600
| +5% | +$1.34M |
|
937
Pilgrim's Pride
PPC
$7.06B
| $30.1M | 0.01% |
1,181,214
| – | – |
|
938
GameStop
GME
$11.1B
| $30.1M | 0.01% |
4,524,080
+420,412
| +10% | +$3.08M |
|
|
ENDP
939
DELISTED
Endo International plc
ENDP
| $29.9M | 0.01% |
1,900,075
+276,895
| +17% | +$5.74M |
|
940
Rithm Capital
RITM
$5.29B
| $29.8M | 0.01% |
2,152,238
+154,134
| +8% | +$1.98M |
|
|
WGL
941
DELISTED
Wgl Holdings
WGL
| $29.8M | 0.01% |
420,389
-87,500
| -17% | -$5.93M |
|
942
SBA Communications
SBAC
$19.1B
| $29.7M | 0.01% |
275,150
-352,940
| -56% | -$35.8M |
|
943
Guidewire Software
GWRE
$12B
| $29.7M | 0.01% |
480,493
+140,210
| +41% | +$8.08M |
|
944
First Industrial Realty Trust
FR
$8.14B
| $29.7M | 0.01% |
1,066,645
+52,700
| +5% | +$1.29M |
|
|
AZPN
945
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $29.7M | 0.01% |
737,415
+123,527
| +20% | +$4.97M |
|
|
TARO
946
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $29.6M | 0.01% |
203,264
+9,755
| +5% | +$1.38M |
|
947
Apple Hospitality REIT
APLE
$3.64B
| $29.6M | 0.01% |
1,573,227
+374,350
| +31% | +$7.01M |
|
948
Saic
SAIC
$5.56B
| $29.6M | 0.01% |
506,877
| – | – |
|
|
FDC
949
DELISTED
First Data Corporation
FDC
| $29.5M | 0.01% |
2,667,801
+50,000
| +2% | +$600K |
|
|
PDM
950
Piedmont Realty Trust
PDM
$1.17B
| $29.5M | 0.01% |
1,370,804
| – | – |
|
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.