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 | |
|---|---|---|---|---|---|---|
1051
FNB Corp
FNB
$6.37B
| $25.4M | 0.01% |
2,028,775
-28,000
| -1% | -$362K |
|
|
PVTB
1052
DELISTED
PrivateBancorp Inc
PVTB
| $25.4M | 0.01% |
576,633
| – | – |
|
|
WPX
1053
DELISTED
WPX Energy, Inc.
WPX
| $25.4M | 0.01% |
2,725,764
+75,000
| +3% | +$677K |
|
1054
Moog Inc Class A
MOG.A
$11.4B
| $25.2M | 0.01% |
467,013
+110,869
| +31% | +$5.6M |
|
|
HA
1055
DELISTED
Hawaiian Holdings, Inc.
HA
| $25.1M | 0.01% |
662,330
+79,393
| +14% | +$3.36M |
|
1056
Acadia Pharmaceuticals
ACAD
$4.75B
| $25.1M | 0.01% |
773,840
| – | – |
|
1057
BlackBerry
BB
$4.48B
| $25.1M | 0.01% |
3,749,484
| – | – |
|
|
DNKN
1058
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $25.1M | 0.01% |
574,511
+44,403
| +8% | +$2.03M |
|
|
HPP
1059
Hudson Pacific Properties
HPP
$620M
| $25M | 0.01% |
122,524
+16,372
| +15% | +$3.3M |
|
|
KATE
1060
DELISTED
Kate Spade & Company
KATE
| $25M | 0.01% |
1,213,454
+318,789
| +36% | +$7.27M |
|
1061
Bank of Hawaii
BOH
$2.95B
| $25M | 0.01% |
362,696
+18,628
| +5% | +$1.28M |
|
1062
Acadia Realty Trust
AKR
$2.67B
| $24.9M | 0.01% |
701,612
+90,181
| +15% | +$3.09M |
|
1063
Radian Group
RDN
$4.67B
| $24.8M | 0.01% |
2,381,238
+510,769
| +27% | +$6.01M |
|
1064
Enerpac Tool Group
EPAC
$1.83B
| $24.8M | 0.01% |
1,096,849
-321,976
| -23% | -$8.27M |
|
|
PE
1065
DELISTED
PARSLEY ENERGY INC
PE
| $24.7M | 0.01% |
913,705
+132,246
| +17% | +$3.28M |
|
1066
Acadia Healthcare
ACHC
$2.62B
| $24.7M | 0.01% |
444,971
-30,608
| -6% | -$1.79M |
|
|
LQ
1067
DELISTED
La Quinta Holdings Inc.
LQ
| $24.6M | 0.01% |
2,158,578
+1,305,237
| +153% | +$15.6M |
|
1068
LXP Industrial Trust
LXP
$3.59B
| $24.6M | 0.01% |
486,286
+54,525
| +13% | +$2.52M |
|
|
CCP
1069
DELISTED
Care Capital Properties, Inc.
CCP
| $24.6M | 0.01% |
937,201
| – | – |
|
1070
Meritage Homes
MTH
$4.17B
| $24.5M | 0.01% |
1,303,472
| – | – |
|
1071
Trinity Industries
TRN
$2.26B
| $24.5M | 0.01% |
1,829,613
+167,052
| +10% | +$2.21M |
|
1072
ScottsMiracle-Gro
SMG
$3.19B
| $24.5M | 0.01% |
349,881
+3,152
| +0.9% | +$219K |
|
|
QTS
1073
DELISTED
QTS REALTY TRUST, INC.
QTS
| $24.4M | 0.01% |
435,278
+85,426
| +24% | +$4.4M |
|
|
UFS
1074
DELISTED
DOMTAR CORPORATION (New)
UFS
| $24.3M | 0.01% |
695,106
| – | – |
|
|
MFA
1075
MFA Financial
MFA
$854M
| $24.2M | 0.01% |
833,718
| – | – |
|
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.