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 | |
|---|---|---|---|---|---|---|
1326
Chord Energy
CHRD
$8.04B
| $16.5M | 0.01% |
1,762,937
| – | – |
|
|
AL
1327
DELISTED
Air Lease Corp
AL
| $16.4M | 0.01% |
612,738
+85,337
| +16% | +$2.54M |
|
1328
Progress Software
PRGS
$1.72B
| $16.4M | 0.01% |
596,679
+40,300
| +7% | +$1.04M |
|
1329
Novavax
NVAX
$1.54B
| $16.3M | 0.01% |
112,405
| – | – |
|
1330
Monro
MNRO
$381M
| $16.3M | 0.01% |
256,807
+17,659
| +7% | +$1.17M |
|
1331
Morningstar
MORN
$7.6B
| $16.3M | 0.01% |
199,526
+1,804
| +0.9% | +$151K |
|
|
GK
1332
DELISTED
G&K Services Inc
GK
| $16.3M | 0.01% |
212,989
| – | – |
|
|
RICE
1333
DELISTED
Rice Energy Inc.
RICE
| $16.2M | 0.01% |
736,185
+364,911
| +98% | +$6.82M |
|
|
KITE
1334
DELISTED
Kite Pharma, Inc.
KITE
| $16.2M | 0.01% |
323,365
+21,196
| +7% | +$1.04M |
|
1335
Glacier Bancorp
GBCI
$5.85B
| $16.1M | 0.01% |
607,487
-93,800
| -13% | -$2.44M |
|
1336
Silicon Laboratories
SLAB
$7.33B
| $16.1M | 0.01% |
331,091
| – | – |
|
|
GTLS
1337
DELISTED
Chart Industries
GTLS
| $16.1M | 0.01% |
668,243
+2,000
| +0.3% | +$49.4K |
|
|
ALEX
1338
DELISTED
Alexander & Baldwin
ALEX
| $16.1M | 0.01% |
445,950
| – | – |
|
|
WBT
1339
DELISTED
Welbilt, Inc.
WBT
| $16.1M | 0.01% |
914,642
+64,712
| +8% | +$1.03M |
|
1340
Wendy's
WEN
$1.34B
| $16.1M | 0.01% |
1,675,026
-101,112
| -6% | -$1.06M |
|
|
KS
1341
DELISTED
KapStone Paper and Pack Corp.
KS
| $16.1M | 0.01% |
1,235,059
+81,483
| +7% | +$1.19M |
|
|
SJI
1342
DELISTED
South Jersey Industries, Inc.
SJI
| $16.1M | 0.01% |
507,949
+50,776
| +11% | +$1.46M |
|
|
CATM
1343
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $16M | 0.01% |
402,554
+182,590
| +83% | +$6.99M |
|
1344
Upbound Group
UPBD
$1.04B
| $16M | 0.01% |
1,303,154
+180,028
| +16% | +$2.42M |
|
|
JBTM
1345
JBT Marel
JBTM
$5.78B
| $16M | 0.01% |
261,021
| – | – |
|
|
ECHO
1346
EchoStar
ECHO
$27.1B
| $15.9M | 0.01% |
494,290
| – | – |
|
1347
Pan American Silver
PAAS
$19.7B
| $15.9M | 0.01% |
970,416
+150,862
| +18% | +$2.16M |
|
|
GOV
1348
DELISTED
Government Properties Income Trust
GOV
| $15.9M | 0.01% |
688,280
-60,202
| -8% | -$1.18M |
|
1349
BOK Financial
BOKF
$8.07B
| $15.8M | 0.01% |
251,973
+41,243
| +20% | +$2.45M |
|
|
MEG
1350
DELISTED
Media General, Inc
MEG
| $15.8M | 0.01% |
918,478
+229,202
| +33% | +$3.97M |
|
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.