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 | |
|---|---|---|---|---|---|---|
|
DWA
1076
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $23.1M | 0.01% |
924,831
+229,501
| +33% | +$5.64M |
|
1077
Bio-Rad Laboratories Class A
BIO
$10.1B
| $23.1M | 0.01% |
168,662
| – | – |
|
1078
First Industrial Realty Trust
FR
$8.14B
| $23.1M | 0.01% |
1,013,945
| – | – |
|
|
NRF
1079
DELISTED
NorthStar Realty Finance Corp.
NRF
| $23M | 0.01% |
1,755,693
+235,166
| +15% | +$2.88M |
|
1080
Northwest Natural Holdings
NWN
$2.05B
| $23M | 0.01% |
426,376
| – | – |
|
|
CMA
1081
DELISTED
Comerica
CMA
| $22.9M | 0.01% |
605,992
+25,846
| +4% | +$931K |
|
|
BDN
1082
Brandywine Realty Trust
BDN
$503M
| $22.9M | 0.01% |
1,631,069
| – | – |
|
|
MFA
1083
MFA Financial
MFA
$854M
| $22.8M | 0.01% |
833,718
| – | – |
|
|
KATE
1084
DELISTED
Kate Spade & Company
KATE
| $22.8M | 0.01% |
894,665
+24,416
| +3% | +$480K |
|
|
JNS
1085
DELISTED
Janus Capital Group Inc
JNS
| $22.8M | 0.01% |
1,558,004
-158,966
| -9% | -$2.07M |
|
1086
Neogen
NEOG
$2.74B
| $22.7M | 0.01% |
1,201,656
+155,120
| +15% | +$2.95M |
|
1087
Kite Realty
KRG
$5.14B
| $22.7M | 0.01% |
818,507
| – | – |
|
1088
InterDigital
IDCC
$8.48B
| $22.7M | 0.01% |
407,438
-23,000
| -5% | -$1.11M |
|
1089
Cousins Properties
CUZ
$4.65B
| $22.6M | 0.01% |
772,948
| – | – |
|
|
GCI
1090
DELISTED
Gannett Co., Inc
GCI
| $22.6M | 0.01% |
1,492,392
-501,083
| -25% | -$7.55M |
|
|
WCC
1091
WESCO International
WCC
$16.3B
| $22.6M | 0.01% |
413,065
+22,894
| +6% | +$1.02M |
|
|
INVX
1092
Innovex International
INVX
$2.05B
| $22.6M | 0.01% |
372,891
+62,159
| +20% | +$3.46M |
|
1093
Popular Inc
BPOP
$10.3B
| $22.6M | 0.01% |
789,117
+40,437
| +5% | +$1.06M |
|
1094
Children's Place
PLCE
$44.9M
| $22.5M | 0.01% |
269,850
-35,067
| -12% | -$2.38M |
|
1095
Blackstone Mortgage Trust
BXMT
$2.24B
| $22.5M | 0.01% |
837,402
| – | – |
|
1096
Molina Healthcare
MOH
$10.6B
| $22.4M | 0.01% |
346,744
-82,246
| -19% | -$4.88M |
|
1097
COPT Defense Properties
CDP
$3.89B
| $22.3M | 0.01% |
848,497
| – | – |
|
|
PVTB
1098
DELISTED
PrivateBancorp Inc
PVTB
| $22.3M | 0.01% |
576,633
| – | – |
|
1099
Western Alliance Bancorporation
WAL
$8.49B
| $22.2M | 0.01% |
665,116
-87,000
| -12% | -$2.72M |
|
1100
Enovis
ENOV
$1.08B
| $22.2M | 0.01% |
450,800
+25,000
| +6% | +$1.06M |
|
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.