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 | |
|---|---|---|---|---|---|---|
|
FCS
1001
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $25.9M | 0.01% |
1,295,567
| – | – |
|
1002
Fossil Group
FOSL
$315M
| $25.9M | 0.01% |
583,107
+95,270
| +20% | +$3.76M |
|
|
LHO
1003
DELISTED
LaSalle Hotel Properties
LHO
| $25.9M | 0.01% |
1,021,856
| – | – |
|
|
FSP
1004
Franklin Street Properties
FSP
$34.3M
| $25.8M | 0.01% |
2,436,109
| – | – |
|
1005
Helen of Troy
HELE
$634M
| $25.8M | 0.01% |
248,975
| – | – |
|
|
AFSI
1006
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $25.7M | 0.01% |
994,009
-92,179
| -8% | -$2.45M |
|
1007
Huntsman Corp
HUN
$1.61B
| $25.7M | 0.01% |
1,930,946
| – | – |
|
|
WDR
1008
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $25.6M | 0.01% |
1,086,116
+42,248
| +4% | +$1.03M |
|
1009
Cullen/Frost Bankers
CFR
$9.91B
| $25.6M | 0.01% |
463,891
+22,354
| +5% | +$1.16M |
|
|
LXK
1010
DELISTED
Lexmark Intl Inc
LXK
| $25.6M | 0.01% |
764,382
+22,316
| +3% | +$659K |
|
1011
Cracker Barrel
CBRL
$966M
| $25.5M | 0.01% |
166,971
-21,157
| -11% | -$2.92M |
|
|
CXP
1012
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $25.5M | 0.01% |
1,157,737
+48,520
| +4% | +$1.05M |
|
1013
CNA Financial
CNA
$13B
| $25.5M | 0.01% |
790,883
-61,534
| -7% | -$1.94M |
|
1014
Kosmos Energy
KOS
$1.71B
| $25.3M | 0.01% |
4,352,340
+1,359,873
| +45% | +$6.43M |
|
|
HSNI
1015
DELISTED
HSN, Inc.
HSNI
| $25.3M | 0.01% |
484,107
| – | – |
|
|
JCP
1016
DELISTED
J.C. Penney Company, Inc.
JCP
| $25.3M | 0.01% |
2,286,573
+15,984
| +0.7% | +$140K |
|
|
STOR
1017
DELISTED
STORE Capital Corporation
STOR
| $25.3M | 0.01% |
+976,734
| New | +$23.9M |
|
|
CTB
1018
DELISTED
Cooper Tire & Rubber Co.
CTB
| $25.3M | 0.01% |
682,783
-65,909
| -9% | -$2.41M |
|
1019
Timken Company
TKR
$8.09B
| $25.3M | 0.01% |
754,655
| – | – |
|
1020
Oil States International
OIS
$509M
| $25.2M | 0.01% |
800,900
| – | – |
|
1021
Edgewell Personal Care
EPC
$1.23B
| $25.2M | 0.01% |
313,357
+3,296
| +1% | +$253K |
|
1022
ScottsMiracle-Gro
SMG
$3.19B
| $25.2M | 0.01% |
346,729
-30,480
| -8% | -$2.07M |
|
1023
Valmont Industries
VMI
$9.18B
| $25.2M | 0.01% |
203,410
| – | – |
|
|
CCP
1024
DELISTED
Care Capital Properties, Inc.
CCP
| $25.2M | 0.01% |
937,201
+223,813
| +31% | +$6.2M |
|
1025
Matsons
MATX
$7.05B
| $25.1M | 0.01% |
624,799
-41,214
| -6% | -$1.61M |
|
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.