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 | |
|---|---|---|---|---|---|---|
|
UHT
1776
Universal Health Realty Income Trust
UHT
$566M
| $5.95M | ﹤0.01% |
105,757
| – | – |
|
|
BLT
1777
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $5.91M | ﹤0.01% |
592,110
| – | – |
|
1778
Watts Water Technologies
WTS
$11.7B
| $5.88M | ﹤0.01% |
106,655
-169,166
| -61% | -$8.54M |
|
1779
Andersons Inc
ANDE
$2.42B
| $5.87M | ﹤0.01% |
186,717
-36,200
| -16% | -$1.03M |
|
|
NGD
1780
DELISTED
New Gold Inc
NGD
| $5.85M | ﹤0.01% |
1,559,047
| – | – |
|
|
HOS
1781
Hornbeck Offshore Services, Inc.
HOS
$2.89B
| $5.82M | ﹤0.01% |
1,038,473
| – | – |
|
1782
First Bancorp
FBP
$4.29B
| $5.81M | ﹤0.01% |
1,991,039
+442,266
| +29% | +$1.18M |
|
|
NPKI
1783
NPK International
NPKI
$1.1B
| $5.81M | ﹤0.01% |
1,345,651
| – | – |
|
1784
Yelp
YELP
$1.15B
| $5.81M | ﹤0.01% |
292,297
+51,972
| +22% | +$1.06M |
|
1785
Antero Resources
AR
$11.9B
| $5.8M | ﹤0.01% |
233,363
-163,927
| -41% | -$3.94M |
|
|
SALE
1786
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $5.77M | ﹤0.01% |
719,887
+53,289
| +8% | +$434K |
|
1787
California Water Service
CWT
$2.96B
| $5.75M | ﹤0.01% |
215,089
-165,317
| -43% | -$4.11M |
|
|
DWRE
1788
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $5.75M | ﹤0.01% |
146,971
+3,799
| +3% | +$147K |
|
|
FOLD
1789
DELISTED
Amicus Therapeutics
FOLD
| $5.75M | ﹤0.01% |
680,030
| – | – |
|
|
EPAY
1790
DELISTED
Bottomline Technologies Inc
EPAY
| $5.73M | ﹤0.01% |
187,889
| – | – |
|
1791
WisdomTree
WT
$3.35B
| $5.71M | ﹤0.01% |
499,125
-496,580
| -50% | -$5.96M |
|
1792
Petrobras Class A
PBR.A
$126B
| $5.7M | ﹤0.01% |
1,258,403
| – | – |
|
|
PWE
1793
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $5.7M | ﹤0.01% |
6,139,439
| – | – |
|
1794
Simmons First National
SFNC
$3.35B
| $5.69M | ﹤0.01% |
252,570
| – | – |
|
|
MRD
1795
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $5.64M | ﹤0.01% |
553,658
+393,306
| +245% | +$4.65M |
|
1796
Insmed
INSM
$26.2B
| $5.62M | ﹤0.01% |
443,525
| – | – |
|
|
CNR
1797
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $5.57M | ﹤0.01% |
391,970
+146,200
| +59% | +$1.63M |
|
1798
Cogent Communications
CCOI
$473M
| $5.54M | ﹤0.01% |
142,066
+39,594
| +39% | +$1.37M |
|
1799
CBIZ
CBZ
$2.97B
| $5.53M | ﹤0.01% |
548,400
| – | – |
|
|
CYBR
1800
DELISTED
CyberArk
CYBR
| $5.43M | ﹤0.01% |
127,281
-61,258
| -32% | -$2.46M |
|
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.