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 | |
|---|---|---|---|---|---|---|
1376
Plexus
PLXS
$6.51B
| $14.2M | 0.01% |
359,997
+30,000
| +9% | +$1.06M |
|
1377
Park National Corp
PRK
$3.4B
| $14.2M | 0.01% |
157,426
-15,000
| -9% | -$1.29M |
|
|
PEI
1378
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $14.1M | 0.01% |
43,146
| – | – |
|
1379
UMB Financial
UMBF
$10.4B
| $14.1M | 0.01% |
273,692
| – | – |
|
|
HMSY
1380
DELISTED
HMS Holdings Corp.
HMSY
| $14.1M | 0.01% |
983,214
-33,428
| -3% | -$415K |
|
|
IPCC
1381
DELISTED
Infinity Property & Casualty C
IPCC
| $14.1M | 0.01% |
175,272
| – | – |
|
|
MBFI
1382
DELISTED
MB Financial Corp
MBFI
| $14M | 0.01% |
432,588
-135,771
| -24% | -$4.19M |
|
1383
Lithia Motors
LAD
$7.61B
| $14M | 0.01% |
160,597
| – | – |
|
1384
IMAX
IMAX
$2.86B
| $14M | 0.01% |
450,254
-77,691
| -15% | -$2.38M |
|
1385
Provident Financial Services
PFS
$3.04B
| $14M | 0.01% |
692,906
| – | – |
|
1386
Invesco Mortgage Capital
IVR
$703M
| $14M | 0.01% |
114,761
| – | – |
|
1387
New York Times
NYT
$11.8B
| $13.9M | 0.01% |
1,119,427
-241,215
| -18% | -$3.06M |
|
|
INFN
1388
DELISTED
Infinera Corporation Common Stock
INFN
| $13.9M | 0.01% |
865,933
| – | – |
|
|
LTRPA
1389
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $13.9M | 0.01% |
626,309
| – | – |
|
|
KITE
1390
DELISTED
Kite Pharma, Inc.
KITE
| $13.9M | 0.01% |
302,169
-20,777
| -6% | -$1.01M |
|
1391
Columbia Sportswear
COLM
$2.95B
| $13.8M | 0.01% |
230,209
-20,103
| -8% | -$1.1M |
|
|
CADE
1392
DELISTED
Cadence Bank
CADE
| $13.8M | 0.01% |
648,764
-103,000
| -14% | -$2.14M |
|
|
MORE
1393
DELISTED
Monogram Residential Trust, Inc.
MORE
| $13.8M | 0.01% |
1,397,017
-179,104
| -11% | -$1.63M |
|
|
AXE
1394
DELISTED
Anixter International Inc
AXE
| $13.8M | 0.01% |
264,205
| – | – |
|
1395
Strategy Inc
MSTR
$50.2B
| $13.7M | 0.01% |
763,380
+207,090
| +37% | +$3.35M |
|
1396
Forward Air
FWRD
$529M
| $13.7M | 0.01% |
302,638
| – | – |
|
|
AKRX
1397
DELISTED
Akorn Inc
AKRX
| $13.7M | 0.01% |
581,773
-59,259
| -9% | -$1.56M |
|
1398
Seaboard Corp
SEB
$4.1B
| $13.6M | 0.01% |
4,536
+4
| +0.1% | +$11.2K |
|
|
BID
1399
DELISTED
Sotheby's
BID
| $13.6M | 0.01% |
508,794
+61,780
| +14% | +$1.48M |
|
1400
Prothena Corp
PRTA
$424M
| $13.6M | 0.01% |
330,053
-18,153
| -5% | -$710K |
|
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.