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 | |
|---|---|---|---|---|---|---|
1526
Safety Insurance
SAFT
$1.52B
| $11.6M | 0.01% |
187,823
-9,300
| -5% | -$545K |
|
|
FLOW
1527
DELISTED
SPX FLOW, Inc.
FLOW
| $11.6M | 0.01% |
443,646
+10,800
| +2% | +$307K |
|
1528
Babcock & Wilcox
BW
$1.01B
| $11.6M | 0.01% |
78,704
+49,956
| +174% | +$10.7M |
|
|
CRZO
1529
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $11.6M | 0.01% |
322,522
| – | – |
|
|
NXTM
1530
DELISTED
NxStage Medical Inc.
NXTM
| $11.6M | 0.01% |
533,258
+233,299
| +78% | +$4.16M |
|
1531
Astec Industries
ASTE
$942M
| $11.6M | 0.01% |
205,744
| – | – |
|
1532
Delek US
DK
$4.85B
| $11.5M | 0.01% |
874,161
+101,088
| +13% | +$1.44M |
|
1533
Prothena Corp
PRTA
$423M
| $11.5M | 0.01% |
330,053
| – | – |
|
1534
Strategic Education
STRA
$1.81B
| $11.5M | 0.01% |
233,538
+70,900
| +44% | +$3.35M |
|
1535
Rayonier Advanced Materials
RYAM
$559M
| $11.5M | 0.01% |
844,005
+97,248
| +13% | +$1.19M |
|
1536
LiveRamp
RAMP
$2.3B
| $11.5M | 0.01% |
521,200
+13,191
| +3% | +$287K |
|
1537
CVB Financial
CVBF
$4B
| $11.4M | 0.01% |
697,589
| – | – |
|
|
BGG
1538
DELISTED
Briggs & Stratton Corp.
BGG
| $11.4M | 0.01% |
539,757
-168,424
| -24% | -$3.64M |
|
|
AMWD
1539
DELISTED
American Woodmark
AMWD
| $11.4M | 0.01% |
172,167
+160,367
| +1,359% | +$11.6M |
|
|
LTRPA
1540
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $11.4M | 0.01% |
520,407
-105,902
| -17% | -$2.33M |
|
|
ODP
1541
DELISTED
ODP
ODP
| $11.4M | 0.01% |
343,161
-145,067
| -30% | -$7.08M |
|
1542
Manitowoc
MTW
$753M
| $11.3M | 0.01% |
519,743
+256,851
| +98% | +$5.58M |
|
|
HF
1543
DELISTED
HFF Inc.
HF
| $11.3M | 0.01% |
391,908
+25,000
| +7% | +$751K |
|
1544
Boston Beer
SAM
$1.75B
| $11.3M | 0.01% |
66,105
| – | – |
|
|
CSOD
1545
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $11.3M | 0.01% |
296,923
+25,000
| +9% | +$931K |
|
1546
Korn Ferry
KFY
$4.22B
| $11.3M | 0.01% |
544,453
+72,336
| +15% | +$1.98M |
|
|
KERX
1547
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $11.3M | 0.01% |
1,701,935
| – | – |
|
1548
First Financial Bancorp
FFBC
$3.38B
| $11.2M | 0.01% |
576,963
+34,741
| +6% | +$666K |
|
1549
Lexicon Pharmaceuticals
LXRX
$899M
| $11.2M | 0.01% |
780,489
+371,165
| +91% | +$5.03M |
|
1550
Columbia Banking Systems
COLB
$8.41B
| $11.2M | 0.01% |
398,920
+22,860
| +6% | +$671K |
|
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.