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 |
Deutsche Bank
DB
|
+$567M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$494M |
| 3 |
Equinix
EQIX
|
+$336M |
| 4 |
Charter Communications
CHTR
|
+$297M |
| 5 |
Apple
AAPL
|
+$227M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$559M |
| 2 |
Aflac
AFL
|
+$475M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$333M |
| 4 |
Aon
AON
|
+$261M |
| 5 |
Verizon
VZ
|
+$247M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.53% |
| 2 | Healthcare | 14.51% |
| 3 | Technology | 13.82% |
| 4 | Consumer Discretionary | 9.56% |
| 5 | Communication Services | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
First Commonwealth Financial
FCF
$2.17B
| $5.48M | ﹤0.01% |
595,367
+17,817
| +3% | +$161K |
|
1852
Ituran Location and Control
ITRN
$1.01B
| $5.43M | ﹤0.01% |
266,362
| – | – |
|
|
KKD
1853
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $5.43M | ﹤0.01% |
258,974
+106,453
| +70% | +$2.05M |
|
|
ISCA
1854
DELISTED
International Speedway Corp
ISCA
| $5.41M | ﹤0.01% |
161,726
| – | – |
|
|
OSB
1855
DELISTED
Norbord Inc.
OSB
| $5.4M | ﹤0.01% |
277,612
-42,210
| -13% | -$874K |
|
1856
MBIA
MBI
$232M
| $5.31M | ﹤0.01% |
777,954
-218,584
| -22% | -$1.62M |
|
1857
Community Trust Bancorp
CTBI
$1.41B
| $5.31M | ﹤0.01% |
153,179
+9,167
| +6% | +$325K |
|
|
EBIX
1858
DELISTED
Ebix Inc
EBIX
| $5.3M | ﹤0.01% |
110,652
-20,644
| -16% | -$949K |
|
|
CDR
1859
DELISTED
Cedar Realty Trust, Inc
CDR
| $5.29M | ﹤0.01% |
107,916
| – | – |
|
|
KYNB
1860
Kyntra Bio
KYNB
$31.9M
| $5.29M | ﹤0.01% |
12,893
| – | – |
|
1861
TriNet
TNET
$3.15B
| $5.26M | ﹤0.01% |
252,926
+153,103
| +153% | +$2.8M |
|
|
TBRG
1862
DELISTED
TruBridge
TBRG
| $5.23M | ﹤0.01% |
130,997
-17,690
| -12% | -$803K |
|
|
DCOM
1863
DELISTED
Dime Community Bancshares
DCOM
| $5.22M | ﹤0.01% |
306,772
+31,709
| +12% | +$561K |
|
|
EIGI
1864
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $5.17M | ﹤0.01% |
575,413
+200,000
| +53% | +$1.92M |
|
1865
Cohen & Steers
CNS
$3.75B
| $5.17M | ﹤0.01% |
127,789
| – | – |
|
|
NVRO
1866
DELISTED
NEVRO CORP.
NVRO
| $5.15M | ﹤0.01% |
69,869
-11,361
| -14% | -$771K |
|
1867
PENN Entertainment
PENN
$2.4B
| $5.11M | ﹤0.01% |
365,923
+122,229
| +50% | +$1.91M |
|
1868
Four Corners Property Trust
FCPT
$2.62B
| $5.09M | ﹤0.01% |
247,350
-255,856
| -51% | -$4.84M |
|
|
RATE
1869
DELISTED
Bankrate Inc
RATE
| $5.06M | ﹤0.01% |
676,132
| – | – |
|
1870
Virtus Investment Partners
VRTS
$923M
| $5.06M | ﹤0.01% |
71,031
+2,100
| +3% | +$159K |
|
1871
Tompkins Financial
TMP
$1.42B
| $5.05M | ﹤0.01% |
77,631
-35,905
| -32% | -$2.35M |
|
|
EPZM
1872
DELISTED
Epizyme, Inc
EPZM
| $5.04M | ﹤0.01% |
492,631
| – | – |
|
|
TRST
1873
Trustco Bank Corp NY
TRST
$1.01B
| $5.02M | ﹤0.01% |
156,741
| – | – |
|
|
EXTN
1874
DELISTED
Exterran Corporation
EXTN
| $5M | ﹤0.01% |
389,302
-148,782
| -28% | -$2.05M |
|
|
LOCK
1875
DELISTED
LifeLock, Inc.
LOCK
| $4.99M | ﹤0.01% |
315,760
-594,973
| -65% | -$7.78M |
|
Similar funds
Norges Bank's Q2 2016 Portfolio in Review
As of Q2 2016, Norges Bank held 2,246 positions worth $210B, up 3.5% from $203B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q2 2016 filing shows 58 new, 1,025 increased, 662 reduced and 72 closed positions. Its largest new stake was Deutsche Bank: 37,741,953 shares worth $461M. The largest sale was TIME WARNER CABLE INC NEW COM STK, an estimated $559M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Healthcare and Technology.
- Norges Bank's largest Q2 2016 buy was Deutsche Bank: 37,741,953 shares worth $461M.
- Norges Bank added most to Alphabet (Google) Class A in Q2 2016, an estimated $494M increase.
- Norges Bank's biggest Q2 2016 reduction was Aflac, cutting an estimated $475M.
- Norges Bank fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $559M.
- Norges Bank's ten largest holdings make up 14% of its $210B portfolio in Q2 2016.
- Norges Bank opened 58 new positions and closed 72 in Q2 2016.
- Norges Bank's portfolio value rose 3.5% quarter-over-quarter to $210B.
Based on Norges Bank's 13F filing for Q2 2016, filed 12 Aug 2016.