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 | |
|---|---|---|---|---|---|---|
|
ROIC
1151
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $21.9M | 0.01% |
1,009,835
+100,401
| +11% | +$2.03M |
|
1152
Ionis Pharmaceuticals
IONS
$7.45B
| $21.8M | 0.01% |
936,681
-82,555
| -8% | -$2.66M |
|
1153
Bloomin' Brands
BLMN
$688M
| $21.8M | 0.01% |
1,220,431
+123,949
| +11% | +$2.3M |
|
|
WPG
1154
DELISTED
Washington Prime Group Inc.
WPG
| $21.8M | 0.01% |
215,978
-168,993
| -44% | -$15.8M |
|
|
JNS
1155
DELISTED
Janus Capital Group Inc
JNS
| $21.7M | 0.01% |
1,558,004
| – | – |
|
1156
MGIC Investment
MTG
$6.05B
| $21.6M | 0.01% |
3,636,402
+1,173,212
| +48% | +$7.99M |
|
|
AFSI
1157
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $21.6M | 0.01% |
883,055
-110,954
| -11% | -$2.83M |
|
1158
GSK
GSK
$101B
| $21.6M | 0.01% |
398,991
| – | – |
|
|
BWLD
1159
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $21.6M | 0.01% |
155,540
+18,717
| +14% | +$2.65M |
|
1160
Under Armour
UAA
$2.15B
| $21.6M | 0.01% |
538,305
-1,910,457
| -78% | -$76.3M |
|
1161
IAMGOLD
IAG
$11.1B
| $21.6M | 0.01% |
5,232,687
+3,980,761
| +318% | +$13.6M |
|
1162
Belden
BDC
$4.4B
| $21.5M | 0.01% |
355,411
+12,400
| +4% | +$775K |
|
|
ARGO
1163
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $21.4M | 0.01% |
473,611
+73,121
| +18% | +$3.3M |
|
1164
Ligand Pharmaceuticals
LGND
$5.49B
| $21.3M | 0.01% |
286,240
+39,114
| +16% | +$2.9M |
|
1165
LivaNova
LIVN
$4.33B
| $21.2M | 0.01% |
421,080
-69,235
| -14% | -$3.5M |
|
|
SPLK
1166
DELISTED
Splunk Inc
SPLK
| $21.1M | 0.01% |
389,979
+13,337
| +4% | +$704K |
|
|
LXK
1167
DELISTED
Lexmark Intl Inc
LXK
| $21.1M | 0.01% |
559,386
-204,996
| -27% | -$7.57M |
|
1168
AMC Global Media
AMCX
$501M
| $21.1M | 0.01% |
349,462
+109,281
| +45% | +$6.95M |
|
|
TLN
1169
DELISTED
Talen Energy Corporation
TLN
| $21.1M | 0.01% |
1,554,108
-239,164
| -13% | -$2.93M |
|
|
ELME
1170
Elme Communities
ELME
$145M
| $21M | 0.01% |
668,858
| – | – |
|
|
NATI
1171
DELISTED
National Instruments Corp
NATI
| $21M | 0.01% |
767,395
-35,000
| -4% | -$975K |
|
1172
EastGroup Properties
EGP
$10.6B
| $21M | 0.01% |
304,658
+2,073
| +0.7% | +$132K |
|
|
AKRX
1173
DELISTED
Akorn Inc
AKRX
| $21M | 0.01% |
736,642
+154,869
| +27% | +$4.29M |
|
1174
Comscore
SCOR
$78.4M
| $20.9M | 0.01% |
43,702
+11,499
| +36% | +$6.88M |
|
1175
Protolabs
PRLB
$1.99B
| $20.8M | 0.01% |
361,536
+154,209
| +74% | +$10.3M |
|
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.