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 | |
|---|---|---|---|---|---|---|
|
CLC
976
DELISTED
Clarcor
CLC
| $26.8M | 0.01% |
463,241
| – | – |
|
977
FNB Corp
FNB
$6.37B
| $26.8M | 0.01% |
2,056,775
+580,275
| +39% | +$7.22M |
|
978
Sunstone Hotel Investors
SHO
$2.05B
| $26.7M | 0.01% |
1,908,882
-61,633
| -3% | -$759K |
|
|
WBS
979
DELISTED
Webster Financial
WBS
| $26.7M | 0.01% |
743,239
| – | – |
|
|
SHPG
980
DELISTED
Shire pic
SHPG
| $26.6M | 0.01% |
154,491
| – | – |
|
|
CAVM
981
DELISTED
Cavium, Inc.
CAVM
| $26.5M | 0.01% |
433,941
-36,892
| -8% | -$2.13M |
|
982
Selective Insurance
SIGI
$5.27B
| $26.5M | 0.01% |
724,336
| – | – |
|
|
TWO
983
DELISTED
Two Harbors Investment
TWO
| $26.5M | 0.01% |
416,863
+31,561
| +8% | +$1.95M |
|
984
LivaNova
LIVN
$4.33B
| $26.5M | 0.01% |
490,315
-65,113
| -12% | -$3.62M |
|
985
First Citizens BancShares
FCNCA
$23.7B
| $26.4M | 0.01% |
105,072
| – | – |
|
|
MPT
986
Medical Properties Trust
MPT
$2.02B
| $26.4M | 0.01% |
2,031,424
| – | – |
|
987
Avient
AVNT
$3.75B
| $26.4M | 0.01% |
871,252
| – | – |
|
|
HPY
988
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $26.3M | 0.01% |
272,385
| – | – |
|
989
U-Haul Holding Co
UHAL
$12.3B
| $26.3M | 0.01% |
735,940
| – | – |
|
990
First Horizon
FHN
$11.3B
| $26.3M | 0.01% |
2,006,514
| – | – |
|
991
Spectrum Brands
SPB
$1.99B
| $26.3M | 0.01% |
240,473
| – | – |
|
|
IDTI
992
DELISTED
Integrated Device Technology I
IDTI
| $26.3M | 0.01% |
1,285,452
| – | – |
|
993
Acadia Healthcare
ACHC
$2.62B
| $26.2M | 0.01% |
475,579
+85,597
| +22% | +$4.89M |
|
994
Watsco Inc
WSO
$12.5B
| $26.2M | 0.01% |
194,385
-19,839
| -9% | -$2.41M |
|
|
CHK
995
DELISTED
Chesapeake Energy Corporation
CHK
| $26.2M | 0.01% |
31,745
+3,907
| +14% | +$2.77M |
|
996
HNI Corp
HNI
$3.34B
| $26.1M | 0.01% |
667,437
+34,731
| +5% | +$1.18M |
|
997
Prosperity Bancshares
PB
$8.45B
| $26M | 0.01% |
560,864
| – | – |
|
998
Fulton Financial
FULT
$4.48B
| $26M | 0.01% |
1,941,727
-119,097
| -6% | -$1.52M |
|
999
Methanex
MEOH
$4.76B
| $26M | 0.01% |
804,993
-5,858
| -0.7% | -$174K |
|
1000
Cirrus Logic
CRUS
$5.91B
| $25.9M | 0.01% |
712,716
| – | – |
|
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.