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 | |
|---|---|---|---|---|---|---|
|
ANAC
1226
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $17.8M | 0.01% |
332,886
-19,055
| -5% | -$1.41M |
|
1227
Sprouts Farmers Market
SFM
$6.63B
| $17.8M | 0.01% |
612,274
-236,896
| -28% | -$6.11M |
|
|
ECHO
1228
EchoStar
ECHO
$27.1B
| $17.7M | 0.01% |
494,290
| – | – |
|
|
PDCE
1229
DELISTED
PDC Energy, Inc.
PDCE
| $17.7M | 0.01% |
298,246
+63,937
| +27% | +$3.34M |
|
|
N
1230
DELISTED
Netsuite Inc
N
| $17.7M | 0.01% |
258,485
| – | – |
|
1231
ABM Industries
ABM
$2.95B
| $17.7M | 0.01% |
547,806
| – | – |
|
1232
Eldorado Gold
EGO
$10.6B
| $17.7M | 0.01% |
1,120,479
+151,496
| +16% | +$2.19M |
|
|
PE
1233
DELISTED
PARSLEY ENERGY INC
PE
| $17.7M | 0.01% |
781,459
+50,053
| +7% | +$926K |
|
1234
Green Dot
GDOT
$756M
| $17.6M | 0.01% |
767,761
| – | – |
|
|
CSH
1235
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $17.6M | 0.01% |
456,118
-138,532
| -23% | -$4.52M |
|
1236
Cal-Maine
CALM
$3.47B
| $17.6M | 0.01% |
339,455
-71,774
| -17% | -$3.58M |
|
1237
Forum Energy Technologies
FET
$936M
| $17.6M | 0.01% |
66,655
+16,647
| +33% | +$3.73M |
|
1238
Interactive Brokers
IBKR
$39.3B
| $17.5M | 0.01% |
1,782,476
| – | – |
|
1239
NovaGold Resources
NG
$3.07B
| $17.5M | 0.01% |
3,458,979
| – | – |
|
|
SYKE
1240
DELISTED
SYKES Enterprises Inc
SYKE
| $17.5M | 0.01% |
579,434
| – | – |
|
|
AXLL
1241
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $17.5M | 0.01% |
800,548
| – | – |
|
1242
Morningstar
MORN
$7.6B
| $17.5M | 0.01% |
197,722
| – | – |
|
1243
Evercore
EVR
$10.1B
| $17.4M | 0.01% |
337,043
| – | – |
|
|
PDS
1244
Precision Drilling
PDS
$1.11B
| $17.4M | 0.01% |
206,892
+50,404
| +32% | +$3.6M |
|
|
EVHC
1245
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $17.4M | 0.01% |
284,584
+94,740
| +50% | +$6.22M |
|
1246
Celestica
CLS
$40.8B
| $17.3M | 0.01% |
1,567,167
| – | – |
|
|
GWB
1247
DELISTED
Great Western Bancorp, Inc.
GWB
| $17.3M | 0.01% |
632,710
| – | – |
|
|
DO
1248
DELISTED
Diamond Offshore Drilling
DO
| $17.2M | 0.01% |
792,968
+181,962
| +30% | +$3.59M |
|
|
JOY
1249
DELISTED
Joy Global Inc
JOY
| $17.2M | 0.01% |
1,070,953
+322,840
| +43% | +$4.06M |
|
1250
Primerica
PRI
$8.98B
| $17.2M | 0.01% |
385,672
-32,000
| -8% | -$1.38M |
|
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.