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 | |
|---|---|---|---|---|---|---|
1576
Pacira BioSciences
PCRX
$985M
| $10.6M | 0.01% |
314,785
+104,298
| +50% | +$5.13M |
|
|
INFN
1577
DELISTED
Infinera Corporation Common Stock
INFN
| $10.6M | 0.01% |
940,933
+75,000
| +9% | +$981K |
|
1578
CorVel
CRVL
$3.59B
| $10.6M | 0.01% |
737,238
-61,230
| -8% | -$920K |
|
1579
WesBanco
WSBC
$3.77B
| $10.6M | 0.01% |
341,594
+33,050
| +11% | +$1.04M |
|
1580
Helios Technologies
HLIO
$2.2B
| $10.6M | 0.01% |
357,071
+113,169
| +46% | +$3.58M |
|
1581
Weis Markets
WMK
$1.81B
| $10.6M | 0.01% |
209,457
| – | – |
|
|
KND
1582
DELISTED
Kindred Healthcare
KND
| $10.6M | 0.01% |
936,971
+76,575
| +9% | +$959K |
|
|
BNCL
1583
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $10.6M | 0.01% |
831,528
+250,442
| +43% | +$3.4M |
|
1584
PRA Group
PRAA
$744M
| $10.6M | 0.01% |
437,971
+119,886
| +38% | +$3.35M |
|
1585
Scansource
SCSC
$1.14B
| $10.5M | 0.01% |
284,111
+5,381
| +2% | +$211K |
|
1586
Green Dot
GDOT
$752M
| $10.5M | 0.01% |
457,958
-309,803
| -40% | -$6.9M |
|
|
SNBR
1587
DELISTED
Sleep Number
SNBR
| $10.5M | 0.01% |
488,894
| – | – |
|
|
CMO
1588
DELISTED
Capstead Mortgage Corp.
CMO
| $10.4M | 0.01% |
1,075,708
+132,432
| +14% | +$1.29M |
|
1589
EXL Service
EXLS
$5.41B
| $10.4M | 0.01% |
994,135
+99,000
| +11% | +$1M |
|
1590
SLM Corp
SLM
$4.73B
| $10.4M | ﹤0.01% |
1,685,674
| – | – |
|
|
BLUE
1591
DELISTED
bluebird bio
BLUE
| $10.4M | ﹤0.01% |
18,575
-48
| -0.3% | -$27.2K |
|
1592
Hyatt Hotels
H
$14.9B
| $10.3M | ﹤0.01% |
210,355
+38,480
| +22% | +$1.84M |
|
1593
Asbury Automotive
ABG
$3.51B
| $10.3M | ﹤0.01% |
195,903
-55,016
| -22% | -$3.09M |
|
1594
Federal Signal
FSS
$7.01B
| $10.3M | ﹤0.01% |
799,566
+43,604
| +6% | +$573K |
|
1595
Tenaris
TS
$28.3B
| $10.3M | ﹤0.01% |
357,005
| – | – |
|
1596
St. Joe Company
JOE
$3.64B
| $10.3M | ﹤0.01% |
580,399
| – | – |
|
1597
Nelnet
NNI
$4.54B
| $10.3M | ﹤0.01% |
295,936
+29,951
| +11% | +$1.12M |
|
1598
Pegasystems
PEGA
$6.03B
| $10.2M | ﹤0.01% |
758,428
-162,684
| -18% | -$2.14M |
|
|
ISEE
1599
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $10.2M | ﹤0.01% |
199,872
-54,192
| -21% | -$2.69M |
|
1600
Lithia Motors
LAD
$7.41B
| $10.2M | ﹤0.01% |
143,329
-17,268
| -11% | -$1.38M |
|
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.