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 | |
|---|---|---|---|---|---|---|
|
KYNB
1726
Kyntra Bio
KYNB
$31.5M
| $6.86M | ﹤0.01% |
12,893
| – | – |
|
1727
Amkor Technology
AMKR
$11.5B
| $6.85M | ﹤0.01% |
1,163,667
+51,583
| +5% | +$280K |
|
|
MSGN
1728
DELISTED
MSG Networks Inc.
MSGN
| $6.79M | ﹤0.01% |
392,715
| – | – |
|
|
FTD
1729
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $6.78M | ﹤0.01% |
258,332
-166,472
| -39% | -$4.03M |
|
1730
The Ensign Group
ENSG
$10.1B
| $6.78M | ﹤0.01% |
319,875
| – | – |
|
|
RAVN
1731
DELISTED
Raven Industries Inc
RAVN
| $6.74M | ﹤0.01% |
420,623
| – | – |
|
|
XXIA
1732
DELISTED
Ixia
XXIA
| $6.74M | ﹤0.01% |
540,619
+242,000
| +81% | +$2.56M |
|
1733
Badger Meter
BMI
$3.66B
| $6.73M | ﹤0.01% |
404,924
-31,200
| -7% | -$482K |
|
|
IOC
1734
DELISTED
Interoil Corporation
IOC
| $6.71M | ﹤0.01% |
211,152
-31,279
| -13% | -$880K |
|
1735
Matrix Service
MTRX
$281M
| $6.68M | ﹤0.01% |
377,395
-63,000
| -14% | -$1.14M |
|
1736
FerroAtlántica
GSM
$809M
| $6.68M | ﹤0.01% |
757,721
+95,000
| +14% | +$820K |
|
|
AXON
1737
Axon Enterprise
AXON
$35.9B
| $6.63M | ﹤0.01% |
337,952
-46,000
| -12% | -$789K |
|
1738
Griffon
GFF
$4.2B
| $6.63M | ﹤0.01% |
428,937
| – | – |
|
|
GNCMA
1739
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $6.6M | ﹤0.01% |
360,486
+21,000
| +6% | +$384K |
|
1740
Emergent Biosolutions
EBS
$326M
| $6.56M | ﹤0.01% |
+180,400
| New | +$6.37M |
|
1741
Forrester Research
FORR
$225M
| $6.54M | ﹤0.01% |
194,699
| – | – |
|
1742
Gran Tierra Energy
GTE
$389M
| $6.51M | ﹤0.01% |
262,345
+80,197
| +44% | +$1.86M |
|
1743
Integer Holdings
ITGR
$4.29B
| $6.5M | ﹤0.01% |
182,520
-17,704
| -9% | -$624K |
|
|
EXAS
1744
DELISTED
Exact Sciences
EXAS
| $6.5M | ﹤0.01% |
964,820
| – | – |
|
1745
Arcos Dorados Holdings
ARCO
$1.64B
| $6.49M | ﹤0.01% |
1,778,981
+1,217,971
| +217% | +$3.37M |
|
|
RP
1746
DELISTED
RealPage, Inc.
RP
| $6.48M | ﹤0.01% |
311,124
| – | – |
|
|
ITG
1747
DELISTED
Investment Technology Group Inc
ITG
| $6.48M | ﹤0.01% |
293,249
-100,000
| -25% | -$1.83M |
|
1748
Franklin Electric
FELE
$4.24B
| $6.45M | ﹤0.01% |
200,424
-148,415
| -43% | -$4.21M |
|
1749
Theravance Biopharma
TBPH
$885M
| $6.44M | ﹤0.01% |
342,519
-68,871
| -17% | -$1.13M |
|
1750
Otter Tail
OTTR
$3.7B
| $6.4M | ﹤0.01% |
216,155
-50,700
| -19% | -$1.39M |
|
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.