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 | |
|---|---|---|---|---|---|---|
|
OSB
1751
DELISTED
Norbord Inc.
OSB
| $6.39M | ﹤0.01% |
+319,822
| New | +$5.84M |
|
1752
National Beverage
FIZZ
$2.94B
| $6.38M | ﹤0.01% |
301,658
| – | – |
|
1753
1st Source
SRCE
$2.1B
| $6.36M | ﹤0.01% |
199,691
| – | – |
|
1754
CTS Corp
CTS
$1.62B
| $6.35M | ﹤0.01% |
403,599
| – | – |
|
1755
Greenlight Captial
GLRE
$493M
| $6.33M | ﹤0.01% |
290,489
| – | – |
|
1756
Azenta
AZTA
$1.45B
| $6.32M | ﹤0.01% |
608,117
| – | – |
|
|
RKUS
1757
DELISTED
RUCKUS WIRELESS INC COM STK (DE)
RKUS
| $6.32M | ﹤0.01% |
+644,330
| New | +$5.95M |
|
|
ANH
1758
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $6.32M | ﹤0.01% |
1,355,840
-85,000
| -6% | -$380K |
|
|
ECOL
1759
DELISTED
US Ecology, Inc.
ECOL
| $6.31M | ﹤0.01% |
142,980
+69,700
| +95% | +$2.52M |
|
|
VRTV
1760
DELISTED
VERITIV CORPORATION
VRTV
| $6.26M | ﹤0.01% |
168,149
-58,973
| -26% | -$1.94M |
|
1761
Heartland Express
HTLD
$968M
| $6.23M | ﹤0.01% |
335,616
-102,893
| -23% | -$1.85M |
|
|
KCG
1762
DELISTED
KCG Holdings, Inc.
KCG
| $6.2M | ﹤0.01% |
519,136
+33,636
| +7% | +$373K |
|
|
RATE
1763
DELISTED
Bankrate Inc
RATE
| $6.2M | ﹤0.01% |
676,132
+530,222
| +363% | +$5.53M |
|
|
RESI
1764
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $6.17M | ﹤0.01% |
514,362
+30,200
| +6% | +$320K |
|
1765
Babcock & Wilcox
BW
$1.04B
| $6.15M | ﹤0.01% |
28,748
-7,252
| -20% | -$1.45M |
|
1766
AAR Corp
AIR
$4.67B
| $6.08M | ﹤0.01% |
261,322
-1,000
| -0.4% | -$21.7K |
|
1767
Winnebago Industries
WGO
$772M
| $6.08M | ﹤0.01% |
270,871
+64,726
| +31% | +$1.22M |
|
|
SAVE
1768
DELISTED
Spirit Airlines, Inc.
SAVE
| $6.08M | ﹤0.01% |
126,733
| – | – |
|
|
ILG
1769
DELISTED
ILG, Inc Common Stock
ILG
| $6.01M | ﹤0.01% |
416,123
-216,639
| -34% | -$2.81M |
|
|
ENV
1770
DELISTED
ENVESTNET, INC.
ENV
| $5.99M | ﹤0.01% |
220,165
| – | – |
|
|
EPZM
1771
DELISTED
Epizyme, Inc
EPZM
| $5.97M | ﹤0.01% |
492,631
+60,000
| +14% | +$607K |
|
|
BKI
1772
DELISTED
Black Knight, Inc. Common Stock
BKI
| $5.97M | ﹤0.01% |
192,384
+80,000
| +71% | +$2.35M |
|
|
ISCA
1773
DELISTED
International Speedway Corp
ISCA
| $5.97M | ﹤0.01% |
161,726
+87,210
| +117% | +$2.97M |
|
|
OUTR
1774
DELISTED
OUTERWALL INC
OUTR
| $5.97M | ﹤0.01% |
161,353
-45,000
| -22% | -$1.48M |
|
|
SAGE
1775
DELISTED
Sage Therapeutics
SAGE
| $5.95M | ﹤0.01% |
185,566
+65,000
| +54% | +$2.29M |
|
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.