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 | |
|---|---|---|---|---|---|---|
|
BWLD
1151
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $20.3M | 0.01% |
136,823
| – | – |
|
1152
GSK
GSK
$101B
| $20.2M | 0.01% |
398,991
| – | – |
|
|
BECN
1153
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $20.2M | 0.01% |
492,338
| – | – |
|
|
CEB
1154
DELISTED
CEB Inc.
CEB
| $20.2M | 0.01% |
311,586
| – | – |
|
1155
O-I Glass
OI
$945M
| $20.1M | 0.01% |
1,256,942
-636,817
| -34% | -$9.13M |
|
|
CSGS
1156
DELISTED
CSG Systems International
CSGS
| $20.1M | 0.01% |
444,178
| – | – |
|
|
SAFM
1157
DELISTED
Sanderson Farms Inc
SAFM
| $20M | 0.01% |
221,626
-61,566
| -22% | -$5.17M |
|
1158
Allegiant Air
ALGT
$2.15B
| $20M | 0.01% |
112,129
-7,600
| -6% | -$1.24M |
|
|
IBKC
1159
DELISTED
IBERIABANK Corp
IBKC
| $19.9M | 0.01% |
387,821
+45,777
| +13% | +$2.24M |
|
1160
Greif
GEF
$4.71B
| $19.9M | 0.01% |
606,378
+272,931
| +82% | +$7.53M |
|
|
JUNO
1161
DELISTED
Juno Therapeutics, Inc.
JUNO
| $19.8M | 0.01% |
519,825
+51,225
| +11% | +$1.78M |
|
1162
Wintrust Financial
WTFC
$10B
| $19.8M | 0.01% |
446,260
+67,596
| +18% | +$2.9M |
|
|
MASI
1163
DELISTED
Masimo
MASI
| $19.8M | 0.01% |
472,878
-25,000
| -5% | -$940K |
|
|
SINA
1164
DELISTED
Sina Corp
SINA
| $19.7M | 0.01% |
415,182
+20,243
| +5% | +$911K |
|
1165
RLI Corp
RLI
$5.56B
| $19.7M | 0.01% |
587,986
-106,412
| -15% | -$3.35M |
|
|
PRMW
1166
DELISTED
Primo Water Corporation
PRMW
| $19.6M | 0.01% |
1,410,293
+305,916
| +28% | +$3.48M |
|
1167
Sabre
SABR
$936M
| $19.6M | 0.01% |
679,202
+129,535
| +24% | +$3.45M |
|
1168
KBR
KBR
$4.61B
| $19.6M | 0.01% |
1,267,370
| – | – |
|
1169
Bright Horizons
BFAM
$3.34B
| $19.6M | 0.01% |
302,311
-32,257
| -10% | -$2.07M |
|
|
ELME
1170
Elme Communities
ELME
$145M
| $19.5M | 0.01% |
668,858
| – | – |
|
1171
DigitalBridge
DBRG
$2.98B
| $19.4M | 0.01% |
428,194
| – | – |
|
1172
NorthWestern Energy
NWE
$4.22B
| $19.4M | 0.01% |
314,814
| – | – |
|
|
PSB
1173
DELISTED
PS Business Parks, Inc.
PSB
| $19.4M | 0.01% |
193,400
-2,723
| -1% | -$249K |
|
|
CHS
1174
DELISTED
Chicos FAS, Inc.
CHS
| $19.4M | 0.01% |
1,463,710
+39,000
| +3% | +$441K |
|
1175
Ultragenyx Pharmaceutical
RARE
$1.27B
| $19.4M | 0.01% |
306,589
| – | – |
|
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.