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 | |
|---|---|---|---|---|---|---|
1626
Dorman Products
DORM
$3.71B
| $8.98M | ﹤0.01% |
165,055
+4,000
| +2% | +$190K |
|
1627
Pan American Silver
PAAS
$20.1B
| $8.95M | ﹤0.01% |
819,554
| – | – |
|
|
CSOD
1628
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $8.91M | ﹤0.01% |
271,923
-37,507
| -12% | -$1.13M |
|
|
ACOR
1629
DELISTED
Acorda Therapeutics
ACOR
| $8.91M | ﹤0.01% |
2,807
| – | – |
|
|
FARO
1630
DELISTED
Faro Technologies
FARO
| $8.89M | ﹤0.01% |
276,150
| – | – |
|
|
SONC
1631
DELISTED
Sonic Corp
SONC
| $8.88M | ﹤0.01% |
252,554
-102,210
| -29% | -$3.05M |
|
1632
Tenaris
TS
$28.6B
| $8.84M | ﹤0.01% |
357,005
| – | – |
|
1633
MBIA
MBI
$230M
| $8.82M | ﹤0.01% |
996,538
+195,789
| +24% | +$1.43M |
|
1634
Clearwater Paper
CLW
$341M
| $8.79M | ﹤0.01% |
181,141
| – | – |
|
|
VSI
1635
DELISTED
Vitamin Shoppe Inc.
VSI
| $8.77M | ﹤0.01% |
283,314
+40,033
| +16% | +$1.2M |
|
1636
Zions Bancorporation
ZION
$9.92B
| $8.75M | ﹤0.01% |
361,487
-153,251
| -30% | -$3.52M |
|
|
WMGI
1637
DELISTED
Wright Medical Group Inc
WMGI
| $8.73M | ﹤0.01% |
526,061
-177,754
| -25% | -$3.3M |
|
1638
Buckle
BKE
$2.04B
| $8.73M | ﹤0.01% |
257,773
+62,400
| +32% | +$1.9M |
|
|
PMC
1639
DELISTED
PharMerica Corporation
PMC
| $8.72M | ﹤0.01% |
394,431
| – | – |
|
1640
Granite Construction
GVA
$5.07B
| $8.71M | ﹤0.01% |
182,132
-40,000
| -18% | -$1.63M |
|
1641
Materion
MTRN
$4.99B
| $8.66M | ﹤0.01% |
327,000
| – | – |
|
1642
TriMas Corp
TRS
$1.39B
| $8.63M | ﹤0.01% |
492,676
-137,400
| -22% | -$2.35M |
|
|
HIBB
1643
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $8.59M | ﹤0.01% |
239,162
| – | – |
|
|
CORE
1644
DELISTED
Core Mark Holding Co., Inc.
CORE
| $8.55M | ﹤0.01% |
209,742
| – | – |
|
1645
Usana Health Sciences
USNA
$275M
| $8.54M | ﹤0.01% |
140,602
| – | – |
|
1646
Hyatt Hotels
H
$15.1B
| $8.51M | ﹤0.01% |
171,875
-26,537
| -13% | -$1.15M |
|
1647
Artisan Partners
APAM
$2.61B
| $8.49M | ﹤0.01% |
275,395
+25,961
| +10% | +$758K |
|
1648
Green Plains
GPRE
$1.04B
| $8.47M | ﹤0.01% |
530,776
| – | – |
|
1649
AstraZeneca
AZN
$251B
| $8.47M | ﹤0.01% |
150,386
| – | – |
|
1650
Saia
SAIA
$9.41B
| $8.43M | ﹤0.01% |
299,280
+10,000
| +3% | +$247K |
|
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.