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 | |
|---|---|---|---|---|---|---|
1851
Ambarella
AMBA
$2.85B
| $4.77M | ﹤0.01% |
106,663
-47,350
| -31% | -$1.96M |
|
|
TRST
1852
Trustco Bank Corp NY
TRST
$1B
| $4.75M | ﹤0.01% |
156,741
| – | – |
|
|
BSFT
1853
DELISTED
BroadSoft, Inc.
BSFT
| $4.7M | ﹤0.01% |
116,424
-84,123
| -42% | -$2.85M |
|
|
BEL
1854
DELISTED
Belmond Ltd.
BEL
| $4.65M | ﹤0.01% |
490,216
-88,808
| -15% | -$790K |
|
|
SNR
1855
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $4.65M | ﹤0.01% |
451,104
-270,701
| -38% | -$2.53M |
|
1856
Performance Food Group
PFGC
$14B
| $4.62M | ﹤0.01% |
+198,012
| New | +$4.52M |
|
|
EPIQ
1857
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $4.62M | ﹤0.01% |
307,379
+88,884
| +41% | +$1.14M |
|
1858
First Majestic Silver
AG
$9.22B
| $4.61M | ﹤0.01% |
708,246
| – | – |
|
|
SCTY
1859
DELISTED
SolarCity Corporation
SCTY
| $4.61M | ﹤0.01% |
187,331
-64,615
| -26% | -$1.84M |
|
1860
RH
RH
$2.38B
| $4.59M | ﹤0.01% |
109,658
-52,420
| -32% | -$2.68M |
|
1861
Zumiez
ZUMZ
$210M
| $4.59M | ﹤0.01% |
230,659
| – | – |
|
1862
Super Micro Computer
SMCI
$23.5B
| $4.59M | ﹤0.01% |
1,346,120
+625,000
| +87% | +$1.87M |
|
|
SUP
1863
DELISTED
Superior Industries International
SUP
| $4.58M | ﹤0.01% |
207,354
-60,000
| -22% | -$1.18M |
|
1864
Xencor
XNCR
$1.75B
| $4.57M | ﹤0.01% |
340,805
+215,727
| +172% | +$2.55M |
|
|
NVRO
1865
DELISTED
NEVRO CORP.
NVRO
| $4.57M | ﹤0.01% |
81,230
+37,886
| +87% | +$2.23M |
|
1866
Sabesp
SBS
$18.4B
| $4.56M | ﹤0.01% |
3,562,616
| – | – |
|
1867
Manitowoc
MTW
$742M
| $4.55M | ﹤0.01% |
262,892
-594,829
| -69% | -$8.64M |
|
1868
Biglari Holdings Class B
BH
$1.1B
| $4.55M | ﹤0.01% |
18,366
-75
| -0.4% | -$18.1K |
|
|
INVN
1869
DELISTED
Invensense Inc
INVN
| $4.55M | ﹤0.01% |
541,799
-156,611
| -22% | -$1.24M |
|
1870
Powell Industries
POWL
$6.26B
| $4.53M | ﹤0.01% |
455,709
-378,132
| -45% | -$3.34M |
|
|
NXTM
1871
DELISTED
NxStage Medical Inc.
NXTM
| $4.5M | ﹤0.01% |
299,959
+222,641
| +288% | +$3.73M |
|
1872
B2Gold
BTG
$6.9B
| $4.49M | ﹤0.01% |
2,687,877
| – | – |
|
1873
Red Robin
RRGB
$138M
| $4.45M | ﹤0.01% |
69,024
| – | – |
|
1874
Quanex
NX
$966M
| $4.45M | ﹤0.01% |
256,250
| – | – |
|
|
AFFX
1875
DELISTED
Affymetrix Inc
AFFX
| $4.44M | ﹤0.01% |
316,895
| – | – |
|
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.