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 | |
|---|---|---|---|---|---|---|
|
IMPV
1901
DELISTED
Imperva, Inc.
IMPV
| $4.32M | ﹤0.01% |
100,401
-88,766
| -47% | -$3.73M |
|
|
CWEN.A
1902
DELISTED
Clearway Energy Class A
CWEN.A
| $4.32M | ﹤0.01% |
283,496
+69,589
| +33% | +$1.01M |
|
1903
The Ensign Group
ENSG
$10.1B
| $4.29M | ﹤0.01% |
218,211
-101,664
| -32% | -$2.03M |
|
1904
OraSure Technologies
OSUR
$224M
| $4.26M | ﹤0.01% |
721,464
| – | – |
|
1905
Enova International
ENVA
$5.64B
| $4.25M | ﹤0.01% |
576,998
-1,100
| -0.2% | -$7.78K |
|
1906
Erie Indemnity
ERIE
$13.3B
| $4.17M | ﹤0.01% |
42,028
-900
| -2% | -$85.8K |
|
|
STFC
1907
DELISTED
State Auto Financial Corp
STFC
| $4.16M | ﹤0.01% |
190,031
+1,100
| +0.6% | +$23K |
|
1908
Axos Financial
AX
$5.29B
| $4.14M | ﹤0.01% |
233,825
| – | – |
|
1909
American Public Education
APEI
$822M
| $4.14M | ﹤0.01% |
147,227
-600
| -0.4% | -$14.9K |
|
1910
Insmed
INSM
$27.4B
| $4.13M | ﹤0.01% |
418,525
-25,000
| -6% | -$292K |
|
|
FIT
1911
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $4.12M | ﹤0.01% |
+337,314
| New | +$4.99M |
|
1912
Crocs
CROX
$5.35B
| $4.05M | ﹤0.01% |
358,971
+30,000
| +9% | +$291K |
|
1913
Integer Holdings
ITGR
$4.28B
| $4.05M | ﹤0.01% |
130,895
-51,625
| -28% | -$1.7M |
|
|
EPAY
1914
DELISTED
Bottomline Technologies Inc
EPAY
| $4.04M | ﹤0.01% |
187,889
| – | – |
|
|
TIVO
1915
DELISTED
TIVO INC
TIVO
| $4.04M | ﹤0.01% |
408,265
| – | – |
|
1916
Republic Bancorp
RBCAA
$1.89B
| $4.04M | ﹤0.01% |
146,256
+7,295
| +5% | +$196K |
|
1917
Alaunos Therapeutics
TCRT
$3.84M
| $4.01M | ﹤0.01% |
4,866
| – | – |
|
1918
Enviri
NVRI
$607M
| $4M | ﹤0.01% |
602,834
| – | – |
|
1919
Hudbay
HBM
$11.4B
| $3.96M | ﹤0.01% |
+833,192
| New | +$3.49M |
|
1920
3D Systems Corp
DDD
$533M
| $3.88M | ﹤0.01% |
283,341
-172,600
| -38% | -$2.5M |
|
|
BKS
1921
DELISTED
Barnes & Noble
BKS
| $3.85M | ﹤0.01% |
339,055
+314,055
| +1,256% | +$3.64M |
|
1922
Daktronics
DAKT
$860M
| $3.75M | ﹤0.01% |
599,613
-60,140
| -9% | -$453K |
|
|
NSM
1923
DELISTED
Nationstar Mortgage Holdings
NSM
| $3.72M | ﹤0.01% |
330,553
-50,000
| -13% | -$580K |
|
1924
Puma Biotechnology
PBYI
$471M
| $3.7M | ﹤0.01% |
124,247
-53,512
| -30% | -$1.67M |
|
|
HIFR
1925
DELISTED
InfraREIT, Inc.
HIFR
| $3.69M | ﹤0.01% |
210,651
| – | – |
|
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.