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 | |
|---|---|---|---|---|---|---|
1126
LPL Financial
LPLA
$26.2B
| $21.4M | 0.01% |
861,642
+283,782
| +49% | +$7.66M |
|
1127
Woodward
WWD
$18.8B
| $21.3M | 0.01% |
409,295
-259,725
| -39% | -$12.4M |
|
1128
Hancock Whitney
HWC
$5.98B
| $21.1M | 0.01% |
917,593
| – | – |
|
1129
Belden
BDC
$4.4B
| $21.1M | 0.01% |
343,011
+46,187
| +16% | +$2.28M |
|
1130
Energizer
ENR
$1.42B
| $21M | 0.01% |
518,894
-235,589
| -31% | -$8.62M |
|
|
EDR
1131
DELISTED
Education Realty Trust Inc
EDR
| $21M | 0.01% |
505,011
| – | – |
|
1132
Ciena
CIEN
$48.3B
| $21M | 0.01% |
1,103,680
+57,000
| +5% | +$1.05M |
|
|
VIVO
1133
DELISTED
Meridian Bioscience Inc
VIVO
| $21M | 0.01% |
1,017,806
+353,354
| +53% | +$6.96M |
|
|
SPTN
1134
DELISTED
SpartanNash
SPTN
| $20.9M | 0.01% |
690,893
+146,200
| +27% | +$3.44M |
|
|
TMX
1135
DELISTED
Terminix Global Holdings, Inc.
TMX
| $20.9M | 0.01% |
827,197
+326,037
| +65% | +$8.34M |
|
1136
Adeia
ADEA
$2.75B
| $20.9M | 0.01% |
2,544,545
-217,947
| -8% | -$1.66M |
|
1137
Myriad Genetics
MYGN
$369M
| $20.7M | 0.01% |
553,804
-54,068
| -9% | -$2.04M |
|
1138
Community Health Systems
CYH
$420M
| $20.7M | 0.01% |
1,351,698
+170,014
| +14% | +$2.59M |
|
|
RDC
1139
DELISTED
Rowan Companies Plc
RDC
| $20.6M | 0.01% |
1,280,015
+128,866
| +11% | +$1.78M |
|
|
MGLN
1140
DELISTED
Magellan Health Services, Inc.
MGLN
| $20.6M | 0.01% |
302,651
| – | – |
|
1141
Stantec
STN
$7.91B
| $20.5M | 0.01% |
803,924
| – | – |
|
|
MRC
1142
DELISTED
MRC Global
MRC
| $20.5M | 0.01% |
1,560,048
+319,491
| +26% | +$3.68M |
|
1143
Commault Systems
CVLT
$6.02B
| $20.5M | 0.01% |
474,232
| – | – |
|
|
CST
1144
DELISTED
CST Brands, Inc.
CST
| $20.5M | 0.01% |
534,177
-70,850
| -12% | -$2.6M |
|
|
KW
1145
DELISTED
Kennedy-Wilson Holdings
KW
| $20.4M | 0.01% |
933,710
| – | – |
|
|
HMHC
1146
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $20.4M | 0.01% |
1,024,707
-126,219
| -11% | -$2.32M |
|
1147
MKS Inc
MKSI
$15.9B
| $20.4M | 0.01% |
542,312
| – | – |
|
1148
Steven Madden
SHOO
$3.04B
| $20.4M | 0.01% |
825,629
-68,400
| -8% | -$1.52M |
|
1149
NETGEAR
NTGR
$618M
| $20.3M | 0.01% |
504,024
-20,863
| -4% | -$802K |
|
1150
Sanmina
SANM
$10.5B
| $20.3M | 0.01% |
869,268
-156,280
| -15% | -$3.14M |
|
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.