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 | |
|---|---|---|---|---|---|---|
1676
Exponent
EXPO
$3.2B
| $8.77M | ﹤0.01% |
300,290
+250,290
| +501% | +$6.51M |
|
1677
Piper Sandler
PIPR
$5.16B
| $8.75M | ﹤0.01% |
928,040
+140,400
| +18% | +$1.49M |
|
1678
Albany International
AIN
$1.69B
| $8.74M | ﹤0.01% |
218,791
| – | – |
|
|
FTD
1679
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $8.7M | ﹤0.01% |
348,352
+90,020
| +35% | +$2.38M |
|
|
ACOR
1680
DELISTED
Acorda Therapeutics
ACOR
| $8.59M | ﹤0.01% |
2,807
| – | – |
|
1681
Cogent Communications
CCOI
$473M
| $8.56M | ﹤0.01% |
213,651
+71,585
| +50% | +$2.81M |
|
|
PWE
1682
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $8.51M | ﹤0.01% |
6,139,439
| – | – |
|
|
WAIR
1683
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $8.51M | ﹤0.01% |
633,752
-247,685
| -28% | -$3.53M |
|
|
CSR
1684
Centerspace
CSR
$972M
| $8.5M | ﹤0.01% |
131,312
| – | – |
|
1685
TTM Technologies
TTMI
$11.8B
| $8.47M | ﹤0.01% |
1,125,337
+368,264
| +49% | +$2.61M |
|
1686
Standex International
SXI
$3.13B
| $8.45M | ﹤0.01% |
102,225
| – | – |
|
1687
Gentherm
THRM
$1.17B
| $8.43M | ﹤0.01% |
246,172
-62,688
| -20% | -$2.38M |
|
|
SAVE
1688
DELISTED
Spirit Airlines, Inc.
SAVE
| $8.43M | ﹤0.01% |
187,798
+61,065
| +48% | +$2.71M |
|
1689
Lumentum
LITE
$75.3B
| $8.42M | ﹤0.01% |
348,077
+166,558
| +92% | +$4.13M |
|
1690
City Holding Co
CHCO
$2.04B
| $8.42M | ﹤0.01% |
185,189
-20,200
| -10% | -$967K |
|
|
ARR
1691
Armour Residential REIT
ARR
$2.13B
| $8.41M | ﹤0.01% |
84,116
| – | – |
|
|
SHLM
1692
DELISTED
Schulman (A.) Inc
SHLM
| $8.4M | ﹤0.01% |
344,056
| – | – |
|
|
CRC
1693
DELISTED
California Resources Corporation
CRC
| $8.37M | ﹤0.01% |
686,328
+355,267
| +107% | +$5.65M |
|
|
AAMI
1694
Acadian Asset Management
AAMI
$3.1B
| $8.35M | ﹤0.01% |
625,693
+241,500
| +63% | +$3.37M |
|
1695
Regis Corp
RGS
$69.8M
| $8.34M | ﹤0.01% |
33,481
+1,530
| +5% | +$421K |
|
|
UNT
1696
DELISTED
UNIT Corporation
UNT
| $8.31M | ﹤0.01% |
534,363
+182,827
| +52% | +$2.42M |
|
|
OUTR
1697
DELISTED
OUTERWALL INC
OUTR
| $8.31M | ﹤0.01% |
197,832
+36,479
| +23% | +$1.48M |
|
|
VSI
1698
DELISTED
Vitamin Shoppe Inc.
VSI
| $8.29M | ﹤0.01% |
271,314
-12,000
| -4% | -$355K |
|
1699
Itron
ITRI
$4.04B
| $8.29M | ﹤0.01% |
192,301
-45,169
| -19% | -$1.91M |
|
1700
Merit Medical Systems
MMSI
$5.15B
| $8.29M | ﹤0.01% |
417,790
-89,655
| -18% | -$1.72M |
|
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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.