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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+2.86%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$210B
AUM Growth
+$7.15B
Cap. Flow
+$3.89B
Cap. Flow %
1.85%
Top 10 Hldgs %
14.37%
Holding
2,246
New
58
Increased
1,025
Reduced
662
Closed
72

Top Buys

Rank Stock Value
1
DB icon
Deutsche Bank
DB
+$567M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$494M
3
EQIX icon
Equinix
EQIX
+$336M
4
CHTR icon
Charter Communications
CHTR
+$297M
5
AAPL icon
Apple
AAPL
+$227M

Top Sells

Rank Stock Value
1
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$559M
2
AFL icon
Aflac
AFL
+$475M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$333M
4
AON icon
Aon
AON
+$261M
5
VZ icon
Verizon
VZ
+$247M

Sector Composition

Rank Sector Weight
1 Financials 17.36%
2 Healthcare 14.14%
3 Technology 13.46%
4 Consumer Discretionary 9.42%
5 Communication Services 8.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WY icon
151
Weyerhaeuser
WY
$17.5B
$277M 0.13%
9,309,924
+795,874
+9% +$24.5M
SYK icon
152
Stryker
SYK
$134B
$277M 0.13%
2,311,015
-43,229
-2% -$4.83M
VLO icon
153
Valero Energy
VLO
$90.7B
$276M 0.13%
5,404,461
+289,541
+6% +$16.4M
HPE icon
154
Hewlett Packard
HPE
$60.2B
$276M 0.13%
25,956,495
-2,555,110
-9% -$26M
PCG icon
155
PG&E
PCG
$39.2B
$276M 0.13%
4,311,805
+463,973
+12% +$27.8M
SLG icon
156
SL Green Realty
SLG
$3.93B
$275M 0.13%
2,663,688
– –
BDX icon
157
Becton Dickinson
BDX
$46.1B
$275M 0.13%
1,659,139
+173,020
+12% +$27.7M
EMR icon
158
Emerson Electric
EMR
$82.4B
$272M 0.13%
5,206,007
– –
DD
159
DELISTED
Du Pont De Nemours E I
DD
$271M 0.13%
4,189,450
-1,117,051
-21% -$73.4M
NUE icon
160
Nucor
NUE
$58.9B
$271M 0.13%
5,491,358
+3,456,062
+170% +$168M
FNV icon
161
Franco-Nevada
FNV
$40.2B
$271M 0.13%
3,580,053
-662,632
-16% -$44.8M
CM icon
162
Canadian Imperial Bank of Commerce
CM
$107B
$270M 0.13%
7,236,378
-133,644
-2% -$5.21M
APTV icon
163
Aptiv
APTV
$12.4B
$269M 0.13%
4,301,142
+1,132,316
+36% +$79.1M
AWK icon
164
American Water Works
AWK
$27.1B
$257M 0.12%
3,039,003
+538,908
+22% +$40.1M
NVDA icon
165
NVIDIA
NVDA
$4.64T
$256M 0.12%
217,795,240
+19,154,640
+10% +$19.8M
TRP icon
166
TC Energy
TRP
$70.6B
$254M 0.12%
5,633,497
+386,040
+7% +$15.9M
NFLX icon
167
Netflix
NFLX
$300B
$253M 0.12%
27,706,770
+489,550
+2% +$4.7M
CME icon
168
CME Group
CME
$94.7B
$253M 0.12%
2,597,396
-81,013
-3% -$7.66M
COF icon
169
Capital One
COF
$130B
$251M 0.12%
3,959,960
-255,279
-6% -$17.8M
BN icon
170
Brookfield
BN
$101B
$251M 0.12%
21,315,436
-1,004,122
-4% -$12M
REGN icon
171
Regeneron Pharmaceuticals
REGN
$73.2B
$249M 0.12%
712,340
+13,745
+2% +$5.29M
SYY icon
172
Sysco
SYY
$40.7B
$249M 0.12%
4,901,971
+179
+0% +$8.66K
HCA icon
173
HCA Healthcare
HCA
$90.9B
$248M 0.12%
3,219,417
-200,325
-6% -$15.8M
MET icon
174
MetLife
MET
$62.7B
$247M 0.12%
6,958,012
+3,212
+0% +$125K
CAH icon
175
Cardinal Health
CAH
$54.5B
$247M 0.12%
3,165,285
+9,095
+0.3% +$725K
5 6
7
8 9

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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 17% 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.