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 | |
|---|---|---|---|---|---|---|
|
TAL
1901
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $3.88M | ﹤0.01% |
251,164
-27,500
| -10% | -$330K |
|
1902
V2X
VVX
$2.31B
| $3.87M | ﹤0.01% |
170,144
| – | – |
|
1903
Metallus
MTUS
$782M
| $3.79M | ﹤0.01% |
416,673
| – | – |
|
1904
FormFactor
FORM
$7.89B
| $3.77M | ﹤0.01% |
518,247
| – | – |
|
|
NSM
1905
DELISTED
Nationstar Mortgage Holdings
NSM
| $3.77M | ﹤0.01% |
380,553
+151,973
| +66% | +$1.62M |
|
1906
Vale
VALE
$61.7B
| $3.76M | ﹤0.01% |
892,857
| – | – |
|
1907
BancFirst
BANF
$3.73B
| $3.69M | ﹤0.01% |
129,318
| – | – |
|
1908
TETRA Technologies
TTI
$973M
| $3.68M | ﹤0.01% |
579,472
+70,000
| +14% | +$410K |
|
1909
HubSpot
HUBS
$12.6B
| $3.67M | ﹤0.01% |
84,123
| – | – |
|
|
DTSI
1910
DELISTED
DTS, Inc.
DTSI
| $3.67M | ﹤0.01% |
168,421
| – | – |
|
1911
Enova International
ENVA
$4.24B
| $3.65M | ﹤0.01% |
578,098
-299,779
| -34% | -$1.79M |
|
1912
Modine Manufacturing
MOD
$9.48B
| $3.65M | ﹤0.01% |
331,089
| – | – |
|
|
MDR
1913
DELISTED
McDermott International
MDR
| $3.64M | ﹤0.01% |
296,782
-231,508
| -44% | -$2.2M |
|
1914
Cooper-Standard Automotive
CPS
$401M
| $3.63M | ﹤0.01% |
+50,500
| New | +$3.58M |
|
|
PDLI
1915
DELISTED
PDL BioPharma, Inc.
PDLI
| $3.62M | ﹤0.01% |
1,088,046
+137,000
| +14% | +$427K |
|
1916
BJ's Restaurants
BJRI
$1.26B
| $3.61M | ﹤0.01% |
86,919
-100,846
| -54% | -$4.31M |
|
|
HIFR
1917
DELISTED
InfraREIT, Inc.
HIFR
| $3.59M | ﹤0.01% |
210,651
| – | – |
|
1918
Republic Bancorp
RBCAA
$1.89B
| $3.59M | ﹤0.01% |
138,961
| – | – |
|
1919
Magnite
MGNI
$3.37B
| $3.57M | ﹤0.01% |
195,214
+86,400
| +79% | +$1.32M |
|
|
CEMP
1920
DELISTED
Cempra, Inc.
CEMP
| $3.52M | ﹤0.01% |
201,063
-15,000
| -7% | -$272K |
|
1921
Comtech Telecommunications
CMTL
$43.1M
| $3.49M | ﹤0.01% |
149,233
-13,600
| -8% | -$278K |
|
|
SREV
1922
DELISTED
ServiceSource International, Inc.
SREV
| $3.43M | ﹤0.01% |
805,862
| – | – |
|
1923
National Healthcare
NHC
$3.53B
| $3.41M | ﹤0.01% |
54,725
| – | – |
|
|
CRC
1924
DELISTED
California Resources Corporation
CRC
| $3.41M | ﹤0.01% |
331,061
-140,018
| -30% | -$1.65M |
|
1925
Advanced Micro Devices
AMD
$822B
| $3.4M | ﹤0.01% |
+1,194,592
| New | +$2.72M |
|
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.