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 | |
|---|---|---|---|---|---|---|
|
QLIK
1276
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $17.8M | 0.01% |
602,404
+42,626
| +8% | +$1.27M |
|
|
PRAH
1277
DELISTED
PRA Health Sciences, Inc.
PRAH
| $17.7M | 0.01% |
423,169
+69,390
| +20% | +$3.2M |
|
|
MORE
1278
DELISTED
Monogram Residential Trust, Inc.
MORE
| $17.7M | 0.01% |
1,729,342
+332,325
| +24% | +$3.33M |
|
1279
Advanced Micro Devices
AMD
$837B
| $17.6M | 0.01% |
3,426,890
+2,232,298
| +187% | +$8.67M |
|
1280
Semtech
SMTC
$15.6B
| $17.5M | 0.01% |
734,443
-26,852
| -4% | -$610K |
|
|
MGLN
1281
DELISTED
Magellan Health Services, Inc.
MGLN
| $17.5M | 0.01% |
265,948
-36,703
| -12% | -$2.47M |
|
1282
Brady Corp
BRC
$3.97B
| $17.4M | 0.01% |
570,547
-10,100
| -2% | -$292K |
|
|
SPTN
1283
DELISTED
SpartanNash
SPTN
| $17.4M | 0.01% |
569,915
-120,978
| -18% | -$3.44M |
|
|
DEL
1284
DELISTED
Deltic Timber
DEL
| $17.4M | 0.01% |
259,158
+97,041
| +60% | +$6.15M |
|
1285
Acco Brands
ACCO
$392M
| $17.4M | 0.01% |
1,681,436
-44,000
| -3% | -$426K |
|
|
WAGE
1286
DELISTED
WageWorks, Inc.
WAGE
| $17.4M | 0.01% |
290,268
+151,543
| +109% | +$8.37M |
|
1287
Mueller Industries
MLI
$13.4B
| $17.3M | 0.01% |
2,176,600
| – | – |
|
1288
Liberty Latin America Class C
LILAK
$1.71B
| $17.3M | 0.01% |
622,641
+404,794
| +186% | +$13.4M |
|
|
NYRT
1289
DELISTED
New York REIT, Inc.
NYRT
| $17.3M | 0.01% |
186,895
+20,000
| +12% | +$1.93M |
|
1290
Plexus
PLXS
$6.46B
| $17.3M | 0.01% |
399,899
+39,902
| +11% | +$1.68M |
|
|
LTC
1291
LTC Properties
LTC
$2.32B
| $17.3M | 0.01% |
333,788
+1,557
| +0.5% | +$74.1K |
|
|
ICPT
1292
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $17.3M | 0.01% |
121,012
+36,481
| +43% | +$5.32M |
|
1293
Strategy Inc
MSTR
$50.1B
| $17.3M | 0.01% |
985,630
+222,250
| +29% | +$4.09M |
|
|
CAVM
1294
DELISTED
Cavium, Inc.
CAVM
| $17.2M | 0.01% |
446,127
+12,186
| +3% | +$603K |
|
|
CEB
1295
DELISTED
CEB Inc.
CEB
| $17.2M | 0.01% |
278,833
-32,753
| -11% | -$2.05M |
|
1296
Zurn Elkay Water Solutions
ZWS
$7.61B
| $17.2M | 0.01% |
1,816,714
+139,242
| +8% | +$1.4M |
|
1297
Vishay Intertechnology
VSH
$4.8B
| $17.2M | 0.01% |
1,384,700
+123,110
| +10% | +$1.53M |
|
|
EXPR
1298
DELISTED
Express, Inc.
EXPR
| $17.2M | 0.01% |
59,108
+3,805
| +7% | +$1.28M |
|
|
DGI
1299
DELISTED
DigitalGlobe Inc.
DGI
| $17.1M | 0.01% |
801,536
+328,442
| +69% | +$6.61M |
|
1300
UFP Industries
UFPI
$4.52B
| $17.1M | 0.01% |
554,109
+27,501
| +5% | +$774K |
|
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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.