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 | |
|---|---|---|---|---|---|---|
1026
Eldorado Gold
EGO
$10.6B
| $26.1M | 0.01% |
1,168,621
+48,142
| +4% | +$998K |
|
1027
Bankunited
BKU
$3.17B
| $26.1M | 0.01% |
850,730
+21,235
| +3% | +$707K |
|
1028
Cemex
CX
$14.7B
| $26.1M | 0.01% |
4,395,865
-936,000
| -18% | -$6M |
|
1029
National Health Investors
NHI
$3.35B
| $26.1M | 0.01% |
347,219
| – | – |
|
1030
Visteon
VC
$2.6B
| $26M | 0.01% |
395,415
| – | – |
|
1031
Healthcare Services Group
HCSG
$1.5B
| $26M | 0.01% |
628,141
-46,263
| -7% | -$1.78M |
|
1032
RLJ Lodging Trust
RLJ
$1.65B
| $26M | 0.01% |
1,210,973
| – | – |
|
1033
Huntsman Corp
HUN
$1.61B
| $26M | 0.01% |
1,930,946
| – | – |
|
1034
Hexcel
HXL
$6.89B
| $26M | 0.01% |
623,551
-93,450
| -13% | -$4.09M |
|
|
CAA
1035
DELISTED
CalAtlantic Group, Inc.
CAA
| $25.9M | 0.01% |
706,112
+372,866
| +112% | +$13.1M |
|
|
BECN
1036
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $25.9M | 0.01% |
569,817
+77,479
| +16% | +$3.34M |
|
1037
Worthington Enterprises
WOR
$2.88B
| $25.8M | 0.01% |
991,021
-385,742
| -28% | -$8.91M |
|
1038
Fulton Financial
FULT
$4.48B
| $25.8M | 0.01% |
1,913,727
-28,000
| -1% | -$383K |
|
1039
NETSCOUT
NTCT
$2.8B
| $25.8M | 0.01% |
1,158,800
-243,407
| -17% | -$5.64M |
|
|
CXP
1040
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $25.8M | 0.01% |
1,204,400
+46,663
| +4% | +$1.01M |
|
|
ALR
1041
DELISTED
Alere Inc
ALR
| $25.8M | 0.01% |
618,017
| – | – |
|
|
PRMW
1042
DELISTED
Primo Water Corporation
PRMW
| $25.7M | 0.01% |
1,847,523
+437,230
| +31% | +$6.3M |
|
|
FCS
1043
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $25.7M | 0.01% |
1,295,567
| – | – |
|
1044
Sunstone Hotel Investors
SHO
$2.05B
| $25.7M | 0.01% |
2,126,660
+217,778
| +11% | +$2.73M |
|
1045
Helen of Troy
HELE
$634M
| $25.6M | 0.01% |
248,975
| – | – |
|
|
TRQ
1046
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $25.6M | 0.01% |
760,464
+37,370
| +5% | +$1.08M |
|
1047
Alnylam Pharmaceuticals
ALNY
$32B
| $25.6M | 0.01% |
460,761
+31,380
| +7% | +$1.98M |
|
|
GPOR
1048
DELISTED
Gulfport Energy Corp.
GPOR
| $25.5M | 0.01% |
817,103
| – | – |
|
1049
Regal Rexnord
RRX
$9.94B
| $25.5M | 0.01% |
463,312
| – | – |
|
1050
Take-Two Interactive
TTWO
$39.6B
| $25.5M | 0.01% |
671,219
+23,494
| +4% | +$865K |
|
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.