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 | |
|---|---|---|---|---|---|---|
1601
Metallus
MTUS
$811M
| $10.2M | ﹤0.01% |
1,057,589
+640,916
| +154% | +$6.68M |
|
|
AYR
1602
DELISTED
Aircastle Ltd
AYR
| $10.1M | ﹤0.01% |
518,035
+59,981
| +13% | +$1.27M |
|
1603
Antero Resources
AR
$11.4B
| $10.1M | ﹤0.01% |
389,264
+155,901
| +67% | +$4.25M |
|
1604
Materion
MTRN
$5.17B
| $10.1M | ﹤0.01% |
408,249
+81,249
| +25% | +$2.09M |
|
1605
Nordic American Tanker
NAT
$1.72B
| $10.1M | ﹤0.01% |
733,414
| – | – |
|
|
BGC
1606
DELISTED
General Cable Corporation
BGC
| $10.1M | ﹤0.01% |
791,490
-15,000
| -2% | -$207K |
|
1607
TTEC Holdings
TTEC
$59.2M
| $10.1M | ﹤0.01% |
370,757
| – | – |
|
1608
GATX Corp
GATX
$6.39B
| $10M | ﹤0.01% |
227,736
-75,702
| -25% | -$3.47M |
|
1609
Exelixis
EXEL
$14.1B
| $9.99M | ﹤0.01% |
+1,278,794
| New | +$7.37M |
|
1610
Rogers Corp
ROG
$2.32B
| $9.99M | ﹤0.01% |
163,455
+2,935
| +2% | +$181K |
|
|
AY
1611
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $9.97M | ﹤0.01% |
536,750
| – | – |
|
1612
Scholastic
SCHL
$661M
| $9.96M | ﹤0.01% |
251,513
+63,124
| +34% | +$2.38M |
|
|
BLOX
1613
DELISTED
Infoblox Inc
BLOX
| $9.96M | ﹤0.01% |
530,851
| – | – |
|
1614
Boyd Gaming
BYD
$5.56B
| $9.96M | ﹤0.01% |
541,070
| – | – |
|
|
TDAY
1615
USA Today Co
TDAY
$975M
| $9.96M | ﹤0.01% |
550,954
| – | – |
|
|
WEB
1616
DELISTED
Web.com Group, Inc.
WEB
| $9.94M | ﹤0.01% |
546,556
+27,103
| +5% | +$493K |
|
|
HOLI
1617
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $9.93M | ﹤0.01% |
571,728
+18,842
| +3% | +$346K |
|
|
BRKL
1618
DELISTED
Brookline Bancorp
BRKL
| $9.91M | ﹤0.01% |
898,423
+42,200
| +5% | +$472K |
|
1619
Ironwood Pharmaceuticals
IRWD
$691M
| $9.89M | ﹤0.01% |
903,540
+16,238
| +2% | +$159K |
|
|
DDC
1620
DELISTED
Dominion Diamond Corporation
DDC
| $9.88M | ﹤0.01% |
1,121,062
| – | – |
|
1621
Oxford Industries
OXM
$446M
| $9.87M | ﹤0.01% |
174,369
| – | – |
|
1622
ATN International
ATNI
$465M
| $9.87M | ﹤0.01% |
+126,797
| New | +$9.36M |
|
|
ORIT
1623
DELISTED
Oritani Financial Corp. New
ORIT
| $9.86M | ﹤0.01% |
616,817
| – | – |
|
1624
Eagle Bancorp
EGBN
$853M
| $9.86M | ﹤0.01% |
204,938
+16,124
| +9% | +$793K |
|
|
BOBE
1625
DELISTED
Bob Evans Farms, Inc.
BOBE
| $9.85M | ﹤0.01% |
259,485
+95,631
| +58% | +$4.29M |
|
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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.