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 | |
|---|---|---|---|---|---|---|
1876
Ambarella
AMBA
$3B
| $4.98M | ﹤0.01% |
97,958
-8,705
| -8% | -$385K |
|
1877
Washington Trust Bancorp
WASH
$763M
| $4.96M | ﹤0.01% |
130,945
| – | – |
|
|
CKH
1878
DELISTED
Seacor Holdings Inc.
CKH
| $4.88M | ﹤0.01% |
87,137
-46,979
| -35% | -$2.58M |
|
|
BEL
1879
DELISTED
Belmond Ltd.
BEL
| $4.85M | ﹤0.01% |
490,216
| – | – |
|
|
HTO
1880
H2O America
HTO
$2.62B
| $4.78M | ﹤0.01% |
121,277
| – | – |
|
1881
Myers Industries
MYE
$1.13B
| $4.76M | ﹤0.01% |
330,806
| – | – |
|
1882
Globe Life
GL
$13.2B
| $4.74M | ﹤0.01% |
76,604
-17,999
| -19% | -$1.05M |
|
|
IMGN
1883
DELISTED
Immunogen Inc
IMGN
| $4.71M | ﹤0.01% |
1,530,772
| – | – |
|
1884
FormFactor
FORM
$8.04B
| $4.66M | ﹤0.01% |
518,247
| – | – |
|
|
FOLD
1885
DELISTED
Amicus Therapeutics
FOLD
| $4.65M | ﹤0.01% |
851,030
+171,000
| +25% | +$1.2M |
|
|
CUB
1886
DELISTED
Cubic Corporation
CUB
| $4.63M | ﹤0.01% |
115,425
-57,563
| -33% | -$2.34M |
|
1887
V2X
VVX
$2.26B
| $4.61M | ﹤0.01% |
161,744
-8,400
| -5% | -$201K |
|
1888
RingCentral
RNG
$5.76B
| $4.58M | ﹤0.01% |
232,527
+183,788
| +377% | +$3.48M |
|
|
AXON
1889
Axon Enterprise
AXON
$38.9B
| $4.57M | ﹤0.01% |
183,705
-154,247
| -46% | -$3.19M |
|
|
HEES
1890
DELISTED
H&E Equipment Services
HEES
| $4.57M | ﹤0.01% |
239,993
+99,349
| +71% | +$1.87M |
|
1891
Marcus & Millichap
MMI
$1.18B
| $4.53M | ﹤0.01% |
178,063
-15,453
| -8% | -$390K |
|
1892
Vale
VALE
$62.2B
| $4.52M | ﹤0.01% |
892,857
| – | – |
|
|
STMP
1893
DELISTED
Stamps.com, Inc.
STMP
| $4.5M | ﹤0.01% |
51,527
-36,441
| -41% | -$3.25M |
|
|
MTOR
1894
DELISTED
MERITOR, Inc.
MTOR
| $4.49M | ﹤0.01% |
623,516
| – | – |
|
|
SCTY
1895
DELISTED
SolarCity Corporation
SCTY
| $4.48M | ﹤0.01% |
187,331
| – | – |
|
|
RLYP
1896
DELISTED
RELYPSA INC COM
RLYP
| $4.47M | ﹤0.01% |
241,609
+91,072
| +60% | +$1.6M |
|
|
DTSI
1897
DELISTED
DTS, Inc.
DTSI
| $4.46M | ﹤0.01% |
168,421
| – | – |
|
1898
OFG Bancorp
OFG
$2.23B
| $4.41M | ﹤0.01% |
530,976
-97,131
| -15% | -$793K |
|
|
TRK
1899
DELISTED
Speedway Motorsports, Inc.
TRK
| $4.36M | ﹤0.01% |
245,349
| – | – |
|
1900
BancFirst
BANF
$3.73B
| $4.34M | ﹤0.01% |
143,918
+14,600
| +11% | +$441K |
|
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.