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 | |
|---|---|---|---|---|---|---|
1426
XPO
XPO
$20.4B
| $13.9M | 0.01% |
1,533,289
+30,744
| +2% | +$305K |
|
|
TIVO
1427
DELISTED
Tivo Inc
TIVO
| $13.9M | 0.01% |
890,431
+365,592
| +70% | +$6.14M |
|
1428
Renasant Corp
RNST
$3.7B
| $13.9M | 0.01% |
430,421
+60,369
| +16% | +$2.01M |
|
1429
News Corp Class B
NWS
$17.9B
| $13.9M | 0.01% |
1,188,858
| – | – |
|
1430
FirstCash
FCFS
$9.53B
| $13.8M | 0.01% |
269,590
| – | – |
|
1431
Matthews International
MATW
$623M
| $13.8M | 0.01% |
248,261
-41,367
| -14% | -$2.18M |
|
1432
Choice Hotels
CHH
$4.42B
| $13.8M | 0.01% |
289,746
| – | – |
|
1433
NBT Bancorp
NBTB
$2.68B
| $13.8M | 0.01% |
481,901
+28,600
| +6% | +$804K |
|
1434
Yelp
YELP
$1.13B
| $13.8M | 0.01% |
452,948
+160,651
| +55% | +$3.91M |
|
1435
Advanced Energy
AEIS
$10.1B
| $13.7M | 0.01% |
362,065
-1,335
| -0.4% | -$47.7K |
|
|
DCH
1436
Dauch Corp
DCH
$1.43B
| $13.7M | 0.01% |
949,133
| – | – |
|
1437
Insight Enterprises
NSIT
$4.85B
| $13.7M | 0.01% |
528,557
| – | – |
|
|
CNR
1438
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $13.7M | 0.01% |
855,263
+463,293
| +118% | +$7.12M |
|
|
MANT
1439
DELISTED
Mantech International Corp
MANT
| $13.7M | 0.01% |
361,195
+40,300
| +13% | +$1.38M |
|
1440
Pinnacle Financial Partners Inc
PNFP
$14.5B
| $13.6M | 0.01% |
278,590
+61,938
| +29% | +$3.03M |
|
1441
Liberty Media Series A
FWONA
$21.9B
| $13.6M | 0.01% |
742,250
-1,026,138
| -58% | -$20M |
|
|
PKY
1442
DELISTED
Parkway, Inc.
PKY
| $13.6M | 0.01% |
812,750
| – | – |
|
|
FNSR
1443
DELISTED
Finisar Corp
FNSR
| $13.6M | 0.01% |
775,278
+179,400
| +30% | +$3.07M |
|
1444
Haemonetics
HAE
$4.83B
| $13.6M | 0.01% |
467,417
+9,900
| +2% | +$299K |
|
1445
Northwest Bancshares
NWBI
$2.26B
| $13.5M | 0.01% |
911,460
+32,645
| +4% | +$462K |
|
1446
Interactive Brokers
IBKR
$39.3B
| $13.5M | 0.01% |
1,526,040
-256,436
| -14% | -$2.45M |
|
1447
Louisiana-Pacific
LPX
$4.57B
| $13.5M | 0.01% |
777,765
+73,900
| +10% | +$1.3M |
|
1448
RBC Bearings
RBC
$15.4B
| $13.5M | 0.01% |
185,731
+33,195
| +22% | +$2.43M |
|
1449
Hope Bancorp
HOPE
$1.78B
| $13.5M | 0.01% |
901,790
-36,695
| -4% | -$569K |
|
|
GZT
1450
DELISTED
Gazit-globe Ltd
GZT
| $13.4M | 0.01% |
1,503,400
+15,000
| +1% | +$135K |
|
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.