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 | |
|---|---|---|---|---|---|---|
1226
Texas Capital Bancshares
TCBI
$4.14B
| $19.1M | 0.01% |
408,021
+75,000
| +23% | +$3.36M |
|
1227
Zillow
Z
$7.04B
| $19.1M | 0.01% |
525,717
-123,887
| -19% | -$3.44M |
|
1228
Texas Roadhouse
TXRH
$11.2B
| $19M | 0.01% |
417,528
+89,987
| +27% | +$3.98M |
|
1229
Molina Healthcare
MOH
$10.6B
| $19M | 0.01% |
381,336
+34,592
| +10% | +$1.85M |
|
|
IPXL
1230
DELISTED
Impax Laboratories, Inc.
IPXL
| $19M | 0.01% |
657,571
+123,147
| +23% | +$4.01M |
|
1231
First Majestic Silver
AG
$9.03B
| $18.9M | 0.01% |
1,402,122
+693,876
| +98% | +$7.24M |
|
1232
Marriott Vacations Worldwide
VAC
$3.49B
| $18.9M | 0.01% |
276,567
+31,166
| +13% | +$1.95M |
|
1233
EPAM Systems
EPAM
$6.04B
| $18.9M | 0.01% |
294,260
-30,616
| -9% | -$2.23M |
|
|
WLL
1234
DELISTED
Whiting Petroleum Corporation
WLL
| $18.9M | 0.01% |
6,812
| – | – |
|
|
HMSY
1235
DELISTED
HMS Holdings Corp.
HMSY
| $18.9M | 0.01% |
1,073,341
+90,127
| +9% | +$1.45M |
|
|
SFR
1236
DELISTED
Starwood Waypoint Homes
SFR
| $18.9M | 0.01% |
620,399
| – | – |
|
1237
Generac Holdings
GNRC
$10.3B
| $18.9M | 0.01% |
539,657
+56,844
| +12% | +$2.1M |
|
|
SWFT
1238
DELISTED
Swift Transportation Company
SWFT
| $18.8M | 0.01% |
1,222,665
+205,620
| +20% | +$3.39M |
|
1239
Trex
TREX
$4.39B
| $18.8M | 0.01% |
1,674,684
-339,400
| -17% | -$3.83M |
|
1240
Cooper-Standard Automotive
CPS
$407M
| $18.8M | 0.01% |
237,811
+187,311
| +371% | +$15.1M |
|
|
ANAT
1241
DELISTED
American National Group, Inc. Common Stock
ANAT
| $18.8M | 0.01% |
165,808
-70,116
| -30% | -$8.15M |
|
|
GWB
1242
DELISTED
Great Western Bancorp, Inc.
GWB
| $18.8M | 0.01% |
594,710
-38,000
| -6% | -$1.18M |
|
|
HSNI
1243
DELISTED
HSN, Inc.
HSNI
| $18.8M | 0.01% |
383,284
-100,823
| -21% | -$5.16M |
|
|
NXGN
1244
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $18.7M | 0.01% |
1,571,393
| – | – |
|
|
X
1245
DELISTED
US Steel
X
| $18.7M | 0.01% |
1,109,425
| – | – |
|
1246
KBR
KBR
$4.61B
| $18.6M | 0.01% |
1,408,281
+140,911
| +11% | +$2.03M |
|
1247
Diamondrock Hospitality Co
DRH
$2.51B
| $18.6M | 0.01% |
2,064,220
+224,400
| +12% | +$2.07M |
|
1248
Churchill Downs
CHDN
$5.76B
| $18.6M | 0.01% |
883,998
+237,378
| +37% | +$5.23M |
|
1249
Deckers Outdoor
DECK
$10.6B
| $18.6M | 0.01% |
1,937,178
+302,160
| +18% | +$2.79M |
|
1250
Trustmark
TRMK
$2.74B
| $18.5M | 0.01% |
746,333
+2,000
| +0.3% | +$48.1K |
|
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.