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 | |
|---|---|---|---|---|---|---|
|
NXGN
1051
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $23.9M | 0.01% |
1,571,393
+239,900
| +18% | +$3.64M |
|
|
HZNP
1052
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $23.9M | 0.01% |
1,443,287
+75,000
| +5% | +$1.31M |
|
|
WNR
1053
DELISTED
Western Refining Inc
WNR
| $23.9M | 0.01% |
820,801
+120,766
| +17% | +$3.64M |
|
1054
WEX
WEX
$6.72B
| $23.8M | 0.01% |
285,748
-33,298
| -10% | -$2.41M |
|
1055
Bank OZK
OZK
$5.23B
| $23.8M | 0.01% |
567,152
+28,610
| +5% | +$1.2M |
|
1056
Meritage Homes
MTH
$4.17B
| $23.8M | 0.01% |
1,303,472
+92,600
| +8% | +$1.47M |
|
1057
Apple Hospitality REIT
APLE
$3.64B
| $23.8M | 0.01% |
1,198,877
+341,200
| +40% | +$6.54M |
|
|
EXPR
1058
DELISTED
Express, Inc.
EXPR
| $23.7M | 0.01% |
55,303
-3,872
| -7% | -$1.39M |
|
1059
Mercado Libre
MELI
$93.3B
| $23.7M | 0.01% |
200,707
-33,322
| -14% | -$3.45M |
|
|
MIK
1060
DELISTED
Michaels Stores, Inc
MIK
| $23.6M | 0.01% |
842,745
+5,992
| +0.7% | +$139K |
|
|
CMBT
1061
CMB.TECH NV
CMBT
$5.7B
| $23.5M | 0.01% |
2,295,215
+685,776
| +43% | +$7.4M |
|
1062
Bank of Hawaii
BOH
$2.95B
| $23.5M | 0.01% |
344,068
| – | – |
|
|
STRZA
1063
DELISTED
Starz - Series A
STRZA
| $23.5M | 0.01% |
891,883
| – | – |
|
1064
Kennametal
KMT
$2.27B
| $23.4M | 0.01% |
1,042,132
| – | – |
|
1065
Ryman Hospitality Properties
RHP
$8.27B
| $23.4M | 0.01% |
455,228
| – | – |
|
1066
John Wiley & Sons Class A
WLY
$2.51B
| $23.4M | 0.01% |
478,163
| – | – |
|
|
NPBC
1067
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $23.3M | 0.01% |
2,194,286
| – | – |
|
1068
Sinclair Inc
SBGI
$1.01B
| $23.3M | 0.01% |
757,413
+29,340
| +4% | +$901K |
|
1069
Rithm Capital
RITM
$5.29B
| $23.2M | 0.01% |
1,998,104
| – | – |
|
1070
Applied Industrial Technologies
AIT
$11.6B
| $23.2M | 0.01% |
534,901
| – | – |
|
1071
Radian Group
RDN
$4.67B
| $23.2M | 0.01% |
1,870,469
+416,338
| +29% | +$4.72M |
|
|
GPOR
1072
DELISTED
Gulfport Energy Corp.
GPOR
| $23.2M | 0.01% |
817,103
+125,000
| +18% | +$3.3M |
|
1073
Wolverine World Wide
WWW
$1.58B
| $23.1M | 0.01% |
1,255,723
+170,246
| +16% | +$2.97M |
|
1074
Tenet Healthcare
THC
$21.4B
| $23.1M | 0.01% |
799,263
| – | – |
|
1075
National Health Investors
NHI
$3.35B
| $23.1M | 0.01% |
347,219
| – | – |
|
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.