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 | |
|---|---|---|---|---|---|---|
|
SF
1251
Stifel
SF
$11.4B
| $18.5M | 0.01% |
1,326,463
+80,354
| +6% | +$1.2M |
|
1252
SM Energy
SM
$9.08B
| $18.5M | 0.01% |
686,660
+40,883
| +6% | +$1.15M |
|
1253
Papa John's
PZZA
$665M
| $18.5M | 0.01% |
272,463
| – | – |
|
1254
Monolithic Power Systems
MPWR
$56.4B
| $18.5M | 0.01% |
270,574
-22,200
| -8% | -$1.45M |
|
|
SIR
1255
DELISTED
SELECT INCOME REIT
SIR
| $18.5M | 0.01% |
1,615,907
+65,588
| +4% | +$697K |
|
1256
LPL Financial
LPLA
$26.2B
| $18.4M | 0.01% |
817,078
-44,564
| -5% | -$1.12M |
|
|
TGI
1257
DELISTED
Triumph Group
TGI
| $18.4M | 0.01% |
517,729
-4,604
| -0.9% | -$167K |
|
|
CSH
1258
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $18.4M | 0.01% |
431,118
-25,000
| -5% | -$967K |
|
|
VWR
1259
DELISTED
VWR Corporation
VWR
| $18.2M | 0.01% |
631,065
+207,593
| +49% | +$5.82M |
|
1260
J&J Snack Foods
JJSF
$1.51B
| $18.2M | 0.01% |
152,293
| – | – |
|
1261
LCI Industries
LCII
$2.12B
| $18.1M | 0.01% |
213,806
-51,244
| -19% | -$3.69M |
|
1262
Designer Brands
DBI
$309M
| $18.1M | 0.01% |
855,611
-142,721
| -14% | -$3.28M |
|
1263
O-I Glass
OI
$945M
| $18.1M | 0.01% |
1,005,010
-251,932
| -20% | -$4.62M |
|
1264
Home BancShares
HOMB
$5.95B
| $18.1M | 0.01% |
913,162
+109,796
| +14% | +$2.3M |
|
1265
Veeva Systems
VEEV
$42.9B
| $18M | 0.01% |
528,512
+143,973
| +37% | +$4.28M |
|
|
EE
1266
DELISTED
El Paso Electric Company
EE
| $18M | 0.01% |
381,458
+14,000
| +4% | +$633K |
|
|
DF
1267
DELISTED
Dean Foods Company
DF
| $18M | 0.01% |
996,229
+220,054
| +28% | +$3.9M |
|
1268
UMB Financial
UMBF
$10.2B
| $18M | 0.01% |
338,513
+64,821
| +24% | +$3.52M |
|
1269
Pebblebrook Hotel Trust
PEB
$2.01B
| $18M | 0.01% |
685,075
+49,055
| +8% | +$1.3M |
|
1270
Brink's
BCO
$4.47B
| $18M | 0.01% |
630,136
+160,890
| +34% | +$4.95M |
|
|
AMED
1271
DELISTED
Amedisys
AMED
| $17.9M | 0.01% |
355,396
+10,515
| +3% | +$531K |
|
1272
First Financial Bankshares
FFIN
$4.78B
| $17.9M | 0.01% |
1,093,698
-6,478
| -0.6% | -$103K |
|
|
SCAI
1273
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $17.9M | 0.01% |
375,820
+62,466
| +20% | +$2.89M |
|
1274
Ubiquiti
UI
$34.5B
| $17.9M | 0.01% |
463,066
-43,235
| -9% | -$1.6M |
|
|
KNL
1275
DELISTED
Knoll, Inc.
KNL
| $17.8M | 0.01% |
734,800
+310,577
| +73% | +$7.29M |
|
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.