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 | |
|---|---|---|---|---|---|---|
|
ILG
1126
DELISTED
ILG, Inc Common Stock
ILG
| $22.6M | 0.01% |
1,419,457
+1,003,334
| +241% | +$14.3M |
|
|
SINA
1127
DELISTED
Sina Corp
SINA
| $22.6M | 0.01% |
434,991
+19,809
| +5% | +$990K |
|
1128
CNA Financial
CNA
$13B
| $22.5M | 0.01% |
717,254
-73,629
| -9% | -$2.35M |
|
1129
Liberty Latin America Class A
LILA
$1.71B
| $22.4M | 0.01% |
1,085,914
+756,367
| +230% | +$17.8M |
|
|
SYNT
1130
DELISTED
Syntel Inc
SYNT
| $22.4M | 0.01% |
494,961
+108,164
| +28% | +$4.88M |
|
1131
Methanex
MEOH
$4.76B
| $22.4M | 0.01% |
773,674
-31,319
| -4% | -$1M |
|
1132
Stantec
STN
$7.91B
| $22.4M | 0.01% |
927,524
+123,600
| +15% | +$3.14M |
|
|
CTB
1133
DELISTED
Cooper Tire & Rubber Co.
CTB
| $22.3M | 0.01% |
748,970
+66,187
| +10% | +$2.19M |
|
|
B
1134
DELISTED
Barnes Group Inc.
B
| $22.3M | 0.01% |
674,114
+185,200
| +38% | +$6.3M |
|
|
JUNO
1135
DELISTED
Juno Therapeutics, Inc.
JUNO
| $22.3M | 0.01% |
580,053
+60,228
| +12% | +$2.5M |
|
1136
RLI Corp
RLI
$5.56B
| $22.2M | 0.01% |
646,548
+58,562
| +10% | +$1.91M |
|
1137
Bright Horizons
BFAM
$3.34B
| $22.2M | 0.01% |
335,311
+33,000
| +11% | +$2.15M |
|
1138
Allstate
ALL
$64.4B
| $22.2M | 0.01% |
317,677
-454,491
| -59% | -$30.4M |
|
1139
Unifirst Corp
UNF
$4.81B
| $22.2M | 0.01% |
191,706
+19,478
| +11% | +$2.18M |
|
1140
Zebra Technologies
ZBRA
$16.1B
| $22.2M | 0.01% |
442,569
+83,480
| +23% | +$4.85M |
|
|
VIVO
1141
DELISTED
Meridian Bioscience Inc
VIVO
| $22.2M | 0.01% |
1,136,022
+118,216
| +12% | +$2.32M |
|
|
FINL
1142
DELISTED
Finish Line
FINL
| $22.1M | 0.01% |
1,093,863
+452,666
| +71% | +$8.56M |
|
1143
Horace Mann Educators
HMN
$2B
| $22M | 0.01% |
652,449
+165,882
| +34% | +$5.39M |
|
1144
Ormat Technologies
ORA
$5.65B
| $22M | 0.01% |
505,366
-22,489
| -4% | -$962K |
|
|
NRF
1145
DELISTED
NorthStar Realty Finance Corp.
NRF
| $22M | 0.01% |
1,926,696
+171,003
| +10% | +$2.2M |
|
1146
Littelfuse
LFUS
$10.1B
| $22M | 0.01% |
185,886
-15,425
| -8% | -$1.79M |
|
|
CBPO
1147
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $21.9M | 0.01% |
206,428
+40,421
| +24% | +$4.69M |
|
|
TIME
1148
DELISTED
Time Inc.
TIME
| $21.9M | 0.01% |
1,333,021
-1,132,965
| -46% | -$17.6M |
|
|
DATA
1149
DELISTED
Tableau Software, Inc.
DATA
| $21.9M | 0.01% |
447,651
+48,449
| +12% | +$2.43M |
|
1150
ABM Industries
ABM
$2.95B
| $21.9M | 0.01% |
599,912
+52,106
| +10% | +$1.76M |
|
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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.