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 | |
|---|---|---|---|---|---|---|
1626
Golar LNG
GLNG
$5.24B
| $9.84M | ﹤0.01% |
635,010
+229,495
| +57% | +$4.09M |
|
1627
Saia
SAIA
$9.17B
| $9.81M | ﹤0.01% |
390,196
+90,916
| +30% | +$2.42M |
|
|
ALOG
1628
DELISTED
Analogic Corp
ALOG
| $9.79M | ﹤0.01% |
123,268
+1,620
| +1% | +$131K |
|
|
FCH
1629
DELISTED
Felcor Lodging Trust
FCH
| $9.74M | ﹤0.01% |
1,564,256
| – | – |
|
1630
HealthEquity
HQY
$8.02B
| $9.74M | ﹤0.01% |
320,528
-89,423
| -22% | -$2.35M |
|
|
SASR
1631
DELISTED
Sandy Spring Bancorp Inc
SASR
| $9.71M | ﹤0.01% |
334,302
| – | – |
|
|
APOL
1632
DELISTED
Apollo Education Group Inc Class A
APOL
| $9.69M | ﹤0.01% |
1,062,124
+150,000
| +16% | +$1.29M |
|
1633
ESCO Technologies
ESE
$6.79B
| $9.66M | ﹤0.01% |
241,815
+44,259
| +22% | +$1.74M |
|
|
RDUS
1634
DELISTED
Radius Recycling
RDUS
| $9.65M | ﹤0.01% |
548,525
| – | – |
|
|
ASRT
1635
DELISTED
Assertio
ASRT
| $9.63M | ﹤0.01% |
8,183
-1,875
| -19% | -$2.05M |
|
|
NTUS
1636
DELISTED
Natus Medical Inc
NTUS
| $9.59M | ﹤0.01% |
253,599
-61,966
| -20% | -$2.08M |
|
|
PFPT
1637
DELISTED
Proofpoint, Inc.
PFPT
| $9.58M | ﹤0.01% |
151,898
-36,318
| -19% | -$2.08M |
|
1638
Abercrombie & Fitch
ANF
$6B
| $9.57M | ﹤0.01% |
537,646
-319,434
| -37% | -$7.62M |
|
1639
American States Water
AWR
$3.42B
| $9.57M | ﹤0.01% |
218,502
-110,403
| -34% | -$4.46M |
|
|
IOC
1640
DELISTED
Interoil Corporation
IOC
| $9.48M | ﹤0.01% |
211,152
| – | – |
|
|
LMNX
1641
DELISTED
Luminex Corp
LMNX
| $9.47M | ﹤0.01% |
468,381
-90,805
| -16% | -$1.82M |
|
1642
National Beverage
FIZZ
$2.94B
| $9.47M | ﹤0.01% |
301,658
| – | – |
|
|
TBI
1643
Trueblue
TBI
$279M
| $9.43M | ﹤0.01% |
498,521
-61,700
| -11% | -$1.29M |
|
1644
Allegiant Air
ALGT
$2.16B
| $9.42M | ﹤0.01% |
62,173
-49,956
| -45% | -$7.71M |
|
1645
Tennant Co
TNC
$1.17B
| $9.4M | ﹤0.01% |
174,589
-680
| -0.4% | -$36.2K |
|
1646
Hyster-Yale Materials Handling
HY
$612M
| $9.38M | ﹤0.01% |
157,718
-6,400
| -4% | -$402K |
|
|
WIRE
1647
DELISTED
Encore Wire Corp
WIRE
| $9.37M | ﹤0.01% |
251,340
+55,500
| +28% | +$2.13M |
|
1648
Xencor
XNCR
$1.77B
| $9.36M | ﹤0.01% |
492,730
+151,925
| +45% | +$2.08M |
|
|
SNCR
1649
DELISTED
Synchronoss Technologies
SNCR
| $9.32M | ﹤0.01% |
32,507
+24,477
| +305% | +$7.4M |
|
1650
Magnite
MGNI
$3.42B
| $9.31M | ﹤0.01% |
682,394
+487,180
| +250% | +$7.84M |
|
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.