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 | |
|---|---|---|---|---|---|---|
951
Valmont Industries
VMI
$9.18B
| $29.5M | 0.01% |
218,221
+14,811
| +7% | +$1.96M |
|
|
AXLL
952
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $29.4M | 0.01% |
902,546
+101,998
| +13% | +$2.59M |
|
|
EDR
953
DELISTED
Education Realty Trust Inc
EDR
| $29.2M | 0.01% |
633,192
+128,181
| +25% | +$5.38M |
|
|
DST
954
DELISTED
DST Systems Inc.
DST
| $29.1M | 0.01% |
500,712
-284,502
| -36% | -$16.7M |
|
|
EQY
955
DELISTED
Equity One
EQY
| $29.1M | 0.01% |
905,558
+30,350
| +3% | +$889K |
|
956
Northern Trust
NTRS
$32.3B
| $29.1M | 0.01% |
439,192
-995,862
| -69% | -$69.3M |
|
|
NSR
957
DELISTED
Neustar Inc
NSR
| $28.9M | 0.01% |
1,230,035
| – | – |
|
|
FSP
958
Franklin Street Properties
FSP
$34.3M
| $28.9M | 0.01% |
2,352,776
-83,333
| -3% | -$938K |
|
959
Neogen
NEOG
$2.74B
| $28.9M | 0.01% |
1,368,227
+166,571
| +14% | +$3.11M |
|
|
STR
960
DELISTED
QUESTAR CORP
STR
| $28.8M | 0.01% |
1,133,378
-643,700
| -36% | -$16.1M |
|
961
Manulife Financial
MFC
$72.4B
| $28.8M | 0.01% |
2,112,411
-4,042,929
| -66% | -$57.6M |
|
|
CVG
962
DELISTED
Convergys
CVG
| $28.7M | 0.01% |
1,148,838
-24,281
| -2% | -$655K |
|
963
Spectrum Brands
SPB
$1.99B
| $28.7M | 0.01% |
240,473
| – | – |
|
|
ZAYO
964
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $28.6M | 0.01% |
1,024,406
+820,422
| +402% | +$21.8M |
|
|
BDN
965
Brandywine Realty Trust
BDN
$503M
| $28.6M | 0.01% |
1,700,409
+69,340
| +4% | +$1.06M |
|
966
COPT Defense Properties
CDP
$3.89B
| $28.5M | 0.01% |
965,133
+116,636
| +14% | +$3.13M |
|
|
AAN.A
967
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $28.5M | 0.01% |
1,299,909
| – | – |
|
|
VSTO
968
DELISTED
Vista Outdoor Inc.
VSTO
| $28.4M | 0.01% |
594,912
+118,958
| +25% | +$5.75M |
|
|
ISBC
969
DELISTED
Investors Bancorp, Inc.
ISBC
| $28.3M | 0.01% |
2,555,351
-106,521
| -4% | -$1.23M |
|
|
BRFS
970
DELISTED
BRF SA
BRFS
| $28.3M | 0.01% |
2,029,501
| – | – |
|
971
Woodward
WWD
$18.8B
| $28.2M | 0.01% |
489,136
+79,841
| +20% | +$4.42M |
|
|
LPNT
972
DELISTED
LifePoint Health, Inc.
LPNT
| $28.1M | 0.01% |
430,050
| – | – |
|
973
Popular Inc
BPOP
$10.3B
| $28.1M | 0.01% |
957,736
+168,619
| +21% | +$4.97M |
|
974
ONE Gas
OGS
$4.81B
| $28.1M | 0.01% |
421,244
-146,752
| -26% | -$8.85M |
|
975
First Horizon
FHN
$11.3B
| $28M | 0.01% |
2,032,044
+25,530
| +1% | +$354K |
|
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.