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 | |
|---|---|---|---|---|---|---|
1801
Alaunos Therapeutics
TCRT
$3.58M
| $5.42M | ﹤0.01% |
4,866
| – | – |
|
|
AD
1802
Array Digital Infrastructure
AD
$3.29B
| $5.39M | ﹤0.01% |
117,946
| – | – |
|
1803
Virtus Investment Partners
VRTS
$913M
| $5.38M | ﹤0.01% |
68,931
| – | – |
|
|
EBIX
1804
DELISTED
Ebix Inc
EBIX
| $5.36M | ﹤0.01% |
131,296
+38,319
| +41% | +$1.34M |
|
|
FRED
1805
DELISTED
Fred's Inc
FRED
| $5.33M | ﹤0.01% |
357,712
| – | – |
|
|
AVTA
1806
DELISTED
Avantax, Inc. Common Stock
AVTA
| $5.31M | ﹤0.01% |
1,029,875
-25,000
| -2% | -$176K |
|
1807
Stride
LRN
$3.47B
| $5.25M | ﹤0.01% |
530,620
-253,282
| -32% | -$2.39M |
|
1808
Ituran Location and Control
ITRN
$1.02B
| $5.24M | ﹤0.01% |
266,362
| – | – |
|
1809
GoPro
GPRO
$272M
| $5.23M | ﹤0.01% |
437,179
-150,457
| -26% | -$1.87M |
|
1810
Puma Biotechnology
PBYI
$477M
| $5.22M | ﹤0.01% |
177,759
-29,117
| -14% | -$1.32M |
|
|
GTY
1811
Getty Realty Corp
GTY
$1.95B
| $5.22M | ﹤0.01% |
263,104
-9
| -0% | -$162 |
|
1812
OraSure Technologies
OSUR
$239M
| $5.22M | ﹤0.01% |
721,464
| – | – |
|
1813
Alamos Gold
AGI
$14.7B
| $5.21M | ﹤0.01% |
980,173
| – | – |
|
1814
Daktronics
DAKT
$853M
| $5.21M | ﹤0.01% |
659,753
| – | – |
|
1815
National Presto Industries
NPK
$1.11B
| $5.21M | ﹤0.01% |
62,189
| – | – |
|
|
SEMG
1816
DELISTED
SEMGROUP CORPORATION
SEMG
| $5.19M | ﹤0.01% |
231,593
-38,713
| -14% | -$798K |
|
|
RICE
1817
DELISTED
Rice Energy Inc.
RICE
| $5.18M | ﹤0.01% |
371,274
+176,494
| +91% | +$1.84M |
|
|
TYPE
1818
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $5.15M | ﹤0.01% |
215,350
+13,739
| +7% | +$320K |
|
|
LHCG
1819
DELISTED
LHC Group LLC
LHCG
| $5.15M | ﹤0.01% |
144,819
-112,555
| -44% | -$4.14M |
|
|
CDR
1820
DELISTED
Cedar Realty Trust, Inc
CDR
| $5.15M | ﹤0.01% |
107,916
| – | – |
|
|
AAMI
1821
Acadian Asset Management
AAMI
$3.1B
| $5.13M | ﹤0.01% |
384,193
+32,165
| +9% | +$384K |
|
1822
Globe Life
GL
$13.3B
| $5.12M | ﹤0.01% |
94,603
-39,449
| -29% | -$2.1M |
|
|
PIR
1823
DELISTED
Pier 1 Imports, Inc.
PIR
| $5.12M | ﹤0.01% |
36,522
+16,355
| +81% | +$1.67M |
|
1824
First Commonwealth Financial
FCF
$2.17B
| $5.12M | ﹤0.01% |
577,550
| – | – |
|
1825
Wayfair
W
$14.2B
| $5.12M | ﹤0.01% |
118,340
| – | – |
|
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.