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 | |
|---|---|---|---|---|---|---|
|
XXIA
1451
DELISTED
Ixia
XXIA
| $13.4M | 0.01% |
1,363,188
+822,569
| +152% | +$8.45M |
|
1452
Evertec
EVTC
$1.69B
| $13.4M | 0.01% |
861,222
+160,378
| +23% | +$2.32M |
|
|
CORE
1453
DELISTED
Core Mark Holding Co., Inc.
CORE
| $13.4M | 0.01% |
284,942
+75,200
| +36% | +$3.19M |
|
|
AVP
1454
DELISTED
Avon Products, Inc.
AVP
| $13.3M | 0.01% |
3,526,805
-418,784
| -11% | -$1.8M |
|
|
KG
1455
Kestrel Group
KG
$45.9M
| $13.3M | 0.01% |
54,443
-841
| -2% | -$213K |
|
|
CBL
1456
DELISTED
CBL& Associates Properties, Inc.
CBL
| $13.3M | 0.01% |
1,429,755
-194,716
| -12% | -$2.1M |
|
1457
G-III Apparel Group
GIII
$1.21B
| $13.3M | 0.01% |
291,124
-33,123
| -10% | -$1.43M |
|
1458
Dave & Buster's
PLAY
$239M
| $13.3M | 0.01% |
283,994
+86,883
| +44% | +$3.6M |
|
|
FMBI
1459
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $13.2M | 0.01% |
753,559
+126,574
| +20% | +$2.28M |
|
|
SOHU
1460
Sohu.com
SOHU
$355M
| $13.2M | 0.01% |
347,334
+28,197
| +9% | +$1.2M |
|
1461
Park National Corp
PRK
$3.32B
| $13.1M | 0.01% |
142,719
-14,707
| -9% | -$1.34M |
|
|
PCH
1462
DELISTED
PotlatchDeltic
PCH
| $13M | 0.01% |
382,300
+6,139
| +2% | +$208K |
|
|
SCS
1463
DELISTED
Steelcase
SCS
| $13M | 0.01% |
959,621
| – | – |
|
1464
Seaboard Corp
SEB
$4.14B
| $13M | 0.01% |
4,536
| – | – |
|
|
SEMG
1465
DELISTED
SEMGROUP CORPORATION
SEMG
| $13M | 0.01% |
399,265
+167,672
| +72% | +$4.87M |
|
|
JCP
1466
DELISTED
J.C. Penney Company, Inc.
JCP
| $13M | 0.01% |
1,461,956
-824,617
| -36% | -$7.24M |
|
|
PGH
1467
DELISTED
Pengrowth Energy Corporation
PGH
| $13M | 0.01% |
7,139,661
+3,840,000
| +116% | +$6.24M |
|
|
NGD
1468
DELISTED
New Gold Inc
NGD
| $12.9M | 0.01% |
2,963,398
+1,404,351
| +90% | +$5.93M |
|
|
HRG
1469
DELISTED
HRG Group, Inc.
HRG
| $12.8M | 0.01% |
935,430
| – | – |
|
|
CVSA
1470
Covista Inc
CVSA
$4.33B
| $12.8M | 0.01% |
717,279
| – | – |
|
1471
WD-40
WDFC
$2.55B
| $12.7M | 0.01% |
108,468
+1,437
| +1% | +$156K |
|
1472
Essent Group
ESNT
$6.1B
| $12.7M | 0.01% |
583,239
+75,000
| +15% | +$1.56M |
|
|
ATW
1473
DELISTED
Atwood Oceanics
ATW
| $12.7M | 0.01% |
1,015,172
+115,885
| +13% | +$1.21M |
|
1474
Employers Holdings
EIG
$898M
| $12.7M | 0.01% |
437,068
-35,779
| -8% | -$1.04M |
|
1475
Genworth Financial
GNW
$3.81B
| $12.7M | 0.01% |
4,915,998
+2,060,305
| +72% | +$6.66M |
|
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.