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 | |
|---|---|---|---|---|---|---|
1876
Primoris Services
PRIM
$4.1B
| $4.44M | ﹤0.01% |
182,663
-100,000
| -35% | -$2.13M |
|
|
EGL
1877
DELISTED
Engility Holdings, Inc.
EGL
| $4.42M | ﹤0.01% |
235,815
-34,400
| -13% | -$619K |
|
|
MACK
1878
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $4.41M | ﹤0.01% |
67,023
-14,814
| -18% | -$773K |
|
|
HTO
1879
H2O America
HTO
$2.62B
| $4.41M | ﹤0.01% |
121,277
| – | – |
|
1880
OFG Bancorp
OFG
$2.24B
| $4.39M | ﹤0.01% |
628,107
-262,138
| -29% | -$1.6M |
|
1881
E.W. Scripps
SSP
$303M
| $4.39M | ﹤0.01% |
281,595
+69,195
| +33% | +$1.22M |
|
|
PGH
1882
DELISTED
Pengrowth Energy Corporation
PGH
| $4.34M | ﹤0.01% |
3,299,661
+650,000
| +25% | +$520K |
|
|
BLD
1883
DELISTED
TopBuild
BLD
| $4.33M | ﹤0.01% |
145,512
-177,479
| -55% | -$4.8M |
|
1884
HDFC Bank
HDB
$116B
| $4.31M | ﹤0.01% |
280,000
| – | – |
|
|
BUFF
1885
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $4.27M | ﹤0.01% |
+166,554
| New | +$3.2M |
|
|
CLVS
1886
DELISTED
Clovis Oncology, Inc.
CLVS
| $4.27M | ﹤0.01% |
222,573
| – | – |
|
1887
Myers Industries
MYE
$1.11B
| $4.25M | ﹤0.01% |
330,806
| – | – |
|
|
INSY
1888
DELISTED
Insys Therapeutics, Inc.
INSY
| $4.23M | ﹤0.01% |
264,534
+50,000
| +23% | +$950K |
|
1889
Melco Resorts & Entertainment
MLCO
$1.79B
| $4.21M | ﹤0.01% |
255,249
-188,798
| -43% | -$2.86M |
|
1890
Penumbra
PEN
$12.6B
| $4.18M | ﹤0.01% |
90,782
+75,782
| +505% | +$3.54M |
|
|
STFC
1891
DELISTED
State Auto Financial Corp
STFC
| $4.17M | ﹤0.01% |
188,931
| – | – |
|
1892
AeroVironment
AVAV
$7.98B
| $4.17M | ﹤0.01% |
147,084
| – | – |
|
1893
Century Aluminum
CENX
$3.99B
| $4.15M | ﹤0.01% |
588,501
| – | – |
|
1894
The Greenbrier Companies
GBX
$1.33B
| $4.13M | ﹤0.01% |
149,516
-209,955
| -58% | -$5.38M |
|
1895
Agios Pharmaceuticals
AGIO
$1.98B
| $4.09M | ﹤0.01% |
100,731
-54,879
| -35% | -$2.35M |
|
1896
PENN Entertainment
PENN
$2.39B
| $4.07M | ﹤0.01% |
243,694
| – | – |
|
1897
Erie Indemnity
ERIE
$13B
| $3.99M | ﹤0.01% |
42,928
-5,700
| -12% | -$536K |
|
1898
Flotek Industries
FTK
$969M
| $3.96M | ﹤0.01% |
90,161
| – | – |
|
|
EIGI
1899
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $3.95M | ﹤0.01% |
375,413
+49,191
| +15% | +$486K |
|
|
TIVO
1900
DELISTED
TIVO INC
TIVO
| $3.88M | ﹤0.01% |
408,265
-28,300
| -6% | -$228K |
|
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.