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 | |
|---|---|---|---|---|---|---|
1501
Gibraltar Industries
ROCK
$1.33B
| $11.2M | 0.01% |
390,121
-43,100
| -10% | -$1M |
|
1502
Pacira BioSciences
PCRX
$960M
| $11.2M | 0.01% |
210,487
+13,428
| +7% | +$785K |
|
|
CAA
1503
DELISTED
CalAtlantic Group, Inc.
CAA
| $11.1M | 0.01% |
333,246
-212,073
| -39% | -$6.63M |
|
|
FFG
1504
DELISTED
FBL Financial Group
FFG
| $11.1M | 0.01% |
180,832
| – | – |
|
|
RDUS
1505
DELISTED
Radius Health, Inc.
RDUS
| $11.1M | 0.01% |
353,123
-32,342
| -8% | -$1.12M |
|
1506
Tootsie Roll Industries
TR
$2.84B
| $11.1M | 0.01% |
426,082
-2,354
| -0.5% | -$55.8K |
|
|
RSTI
1507
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $11M | 0.01% |
341,236
| – | – |
|
|
LOCK
1508
DELISTED
LifeLock, Inc.
LOCK
| $11M | 0.01% |
910,733
-569,235
| -38% | -$6.72M |
|
1509
Kaiser Aluminum
KALU
$2.45B
| $11M | 0.01% |
129,623
| – | – |
|
1510
Aaon
AAON
$6.13B
| $10.9M | 0.01% |
586,458
-15,000
| -2% | -$230K |
|
1511
Hyster-Yale Materials Handling
HY
$599M
| $10.9M | 0.01% |
164,118
| – | – |
|
|
ZNGA
1512
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $10.9M | 0.01% |
4,793,786
+1,710,193
| +55% | +$3.83M |
|
1513
LiveRamp
RAMP
$2.29B
| $10.9M | 0.01% |
508,009
| – | – |
|
|
FNSR
1514
DELISTED
Finisar Corp
FNSR
| $10.9M | 0.01% |
595,878
+233,434
| +64% | +$3.36M |
|
|
ICPT
1515
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $10.9M | 0.01% |
84,531
-38,342
| -31% | -$4.53M |
|
|
FLOW
1516
DELISTED
SPX FLOW, Inc.
FLOW
| $10.9M | 0.01% |
432,846
-34,433
| -7% | -$752K |
|
|
LMNX
1517
DELISTED
Luminex Corp
LMNX
| $10.8M | 0.01% |
559,186
| – | – |
|
|
EVER
1518
DELISTED
Everbank Financial Corp
EVER
| $10.8M | 0.01% |
717,013
+43,000
| +6% | +$597K |
|
|
WBMD
1519
DELISTED
WebMD Health Corp.
WBMD
| $10.8M | 0.01% |
172,115
-76,174
| -31% | -$4.08M |
|
|
TIVO
1520
DELISTED
Tivo Inc
TIVO
| $10.8M | 0.01% |
524,839
+308,524
| +143% | +$6.13M |
|
1521
Precigen
PGEN
$2.51B
| $10.7M | 0.01% |
319,895
-101,254
| -24% | -$3.19M |
|
|
ERF
1522
DELISTED
Enerplus Corporation
ERF
| $10.7M | 0.01% |
2,728,826
-549,907
| -17% | -$1.71M |
|
|
ISEE
1523
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $10.7M | 0.01% |
254,064
+35,777
| +16% | +$1.82M |
|
|
CALY
1524
Callaway Golf Company
CALY
$2.69B
| $10.7M | 0.01% |
1,176,117
+350,491
| +42% | +$3.07M |
|
1525
SLM Corp
SLM
$4.92B
| $10.7M | 0.01% |
1,685,674
-1,089,268
| -39% | -$6.58M |
|
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.