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 | |
|---|---|---|---|---|---|---|
|
CYS
1401
DELISTED
CYS Investments Inc.
CYS
| $14.4M | 0.01% |
1,715,750
+186,600
| +12% | +$1.53M |
|
|
EFOR
1402
Everforth Inc
EFOR
$1.33B
| $14.4M | 0.01% |
388,644
-41,700
| -10% | -$1.53M |
|
1403
Sturm, Ruger & Co
RGR
$592M
| $14.4M | 0.01% |
224,339
+6,875
| +3% | +$444K |
|
|
FNFG
1404
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $14.3M | 0.01% |
1,473,267
+297,344
| +25% | +$3.06M |
|
1405
Children's Place
PLCE
$44.9M
| $14.3M | 0.01% |
178,710
-91,140
| -34% | -$6.86M |
|
|
LGF
1406
DELISTED
Lions Gate Entertainment
LGF
| $14.3M | 0.01% |
708,148
| – | – |
|
1407
BP
BP
$117B
| $14.3M | 0.01% |
479,424
+9,079
| +2% | +$245K |
|
1408
Pricesmart
PSMT
$5.15B
| $14.3M | 0.01% |
152,822
-42,529
| -22% | -$3.7M |
|
1409
Ultragenyx Pharmaceutical
RARE
$1.27B
| $14.3M | 0.01% |
291,789
-14,800
| -5% | -$957K |
|
|
EXAS
1410
DELISTED
Exact Sciences
EXAS
| $14.2M | 0.01% |
1,161,640
+196,820
| +20% | +$1.48M |
|
|
CPLA
1411
DELISTED
Capella Education Company
CPLA
| $14.2M | 0.01% |
269,382
+97,568
| +57% | +$5.09M |
|
|
CCMP
1412
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $14.1M | 0.01% |
333,705
+6,022
| +2% | +$253K |
|
1413
SouthState Bank Corp
SSB
$10.1B
| $14.1M | 0.01% |
207,611
| – | – |
|
|
AXE
1414
DELISTED
Anixter International Inc
AXE
| $14.1M | 0.01% |
265,083
+878
| +0.3% | +$50.3K |
|
|
CHSP
1415
DELISTED
Chesapeake Lodging Trust
CHSP
| $14.1M | 0.01% |
606,745
+54,567
| +10% | +$1.32M |
|
1416
United Fire Group
UFCS
$1.41B
| $14.1M | 0.01% |
331,945
+4,187
| +1% | +$178K |
|
|
PEI
1417
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $14.1M | 0.01% |
43,722
+576
| +1% | +$191K |
|
|
NMBL
1418
DELISTED
Nimble Storage, Inc.
NMBL
| $14.1M | 0.01% |
1,767,234
+1,156,275
| +189% | +$9M |
|
1419
Sun Life Financial
SLF
$44.6B
| $14M | 0.01% |
429,345
-517,099
| -55% | -$17.3M |
|
|
ABCO
1420
DELISTED
Advisory Board Co
ABCO
| $14M | 0.01% |
395,914
| – | – |
|
|
CEL
1421
DELISTED
Cellcom Israel, Ltd.
CEL
| $14M | 0.01% |
2,105,716
| – | – |
|
|
CNSL
1422
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $14M | 0.01% |
513,845
+28,800
| +6% | +$715K |
|
1423
CONMED
CNMD
$1.41B
| $14M | 0.01% |
292,333
| – | – |
|
|
CAB
1424
DELISTED
Cabela's Inc
CAB
| $13.9M | 0.01% |
278,434
-20,165
| -7% | -$1M |
|
|
HTS
1425
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $13.9M | 0.01% |
849,865
-20,000
| -2% | -$319K |
|
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.