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
|
+$1.65B |
| 2 |
Synchrony
SYF
|
+$318M |
| 3 |
Hewlett Packard
HPE
|
+$245M |
| 4 |
Amazon
AMZN
|
+$195M |
| 5 |
Pfizer
PFE
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.54B |
| 2 |
Mastercard
MA
|
+$393M |
| 3 |
Chubb
CB
|
+$261M |
| 4 |
Oracle
ORCL
|
+$257M |
| 5 |
HP
HPQ
|
+$250M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.39% |
| 2 | Healthcare | 15.14% |
| 3 | Technology | 14.01% |
| 4 | Consumer Discretionary | 9.99% |
| 5 | Communication Services | 9.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TSS
426
DELISTED
Total System Services, Inc.
TSS
| $83.6M | 0.04% |
1,678,618
+39,637
| +2% | +$2.07M |
|
|
JAH
427
DELISTED
JARDEN CORPORATION
JAH
| $83.2M | 0.04% |
1,457,010
+88,759
| +6% | +$4.45M |
|
428
Parker-Hannifin
PH
$118B
| $82.9M | 0.04% |
854,720
+23,489
| +3% | +$2.38M |
|
|
IPG
429
DELISTED
Interpublic Group of Companies
IPG
| $82.9M | 0.04% |
3,559,808
+181,149
| +5% | +$4.07M |
|
430
Mettler-Toledo International
MTD
$27.4B
| $82.8M | 0.04% |
244,299
-5,905
| -2% | -$1.89M |
|
431
Regions Financial
RF
$24.8B
| $82.8M | 0.04% |
8,623,575
-90,794
| -1% | -$871K |
|
432
Ally Financial
ALLY
$12.6B
| $81.9M | 0.04% |
4,393,771
-99,651
| -2% | -$1.97M |
|
433
Expeditors International
EXPD
$24.8B
| $81.6M | 0.04% |
1,809,583
+107,562
| +6% | +$5.21M |
|
|
MRO
434
DELISTED
Marathon Oil Corporation
MRO
| $81.5M | 0.04% |
6,473,895
+173,410
| +3% | +$2.92M |
|
435
Motorola Solutions
MSI
$76.6B
| $81.3M | 0.04% |
1,187,117
+130,832
| +12% | +$9.12M |
|
436
Signet Jewelers
SIG
$3.95B
| $81.2M | 0.04% |
656,806
-7,705
| -1% | -$1.04M |
|
437
Public Storage
PSA
$55.9B
| $81.1M | 0.04% |
327,231
+171,713
| +110% | +$40.2M |
|
|
TIF
438
DELISTED
Tiffany & Co.
TIF
| $80.8M | 0.04% |
1,059,358
-61,273
| -5% | -$4.79M |
|
439
Snap-on
SNA
$19.5B
| $80.8M | 0.04% |
471,132
+34,749
| +8% | +$5.78M |
|
|
GAP
440
The Gap Inc
GAP
$7.24B
| $80.7M | 0.04% |
3,267,328
-298,481
| -8% | -$7.96M |
|
441
Empire State Realty Trust
ESRT
$734M
| $79.9M | 0.04% |
4,419,548
-290,500
| -6% | -$5.21M |
|
442
Progressive
PGR
$127B
| $79.4M | 0.04% |
2,495,456
+169,572
| +7% | +$5.39M |
|
443
First Solar
FSLR
$20.6B
| $79.2M | 0.04% |
1,199,491
| – | – |
|
444
T. Rowe Price
TROW
$22.2B
| $78.8M | 0.04% |
1,101,836
+49,314
| +5% | +$3.62M |
|
|
CDK
445
DELISTED
CDK Global, Inc.
CDK
| $78.7M | 0.04% |
1,657,878
+590
| +0% | +$28.6K |
|
446
MGM Resorts International
MGM
$9.73B
| $78.6M | 0.04% |
3,459,356
+137,216
| +4% | +$3.03M |
|
|
TWTR
447
DELISTED
Twitter, Inc.
TWTR
| $78.6M | 0.04% |
3,396,558
-16,207
| -0.5% | -$432K |
|
448
Ralph Lauren
RL
$20.5B
| $78.5M | 0.04% |
704,086
| – | – |
|
449
Celanese
CE
$5.2B
| $78.2M | 0.04% |
1,162,120
-181,109
| -13% | -$12.3M |
|
|
PRE
450
DELISTED
PARTNERRE LTD
PRE
| $77.7M | 0.04% |
556,015
+3,598
| +0.7% | +$500K |
|
Similar funds
Norges Bank's Q4 2015 Portfolio in Review
As of Q4 2015, Norges Bank held 2,329 positions worth $201B, up 5.4% from $191B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q4 2015 filing shows 47 new, 880 increased, 556 reduced and 99 closed positions. Its largest new stake was Alphabet (Google) Class A: 44,521,280 shares worth $1.73B. The largest sale was Alphabet (Google) Class C, an estimated $1.54B.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.
- Norges Bank's largest Q4 2015 buy was Alphabet (Google) Class A: 44,521,280 shares worth $1.73B.
- Norges Bank added most to Synchrony in Q4 2015, an estimated $318M increase.
- Norges Bank's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.54B.
- Norges Bank fully exited HUDSON CITY BANCORP INC in Q4 2015, selling an estimated $189M.
- Norges Bank's ten largest holdings make up 14% of its $201B portfolio in Q4 2015.
- Norges Bank opened 47 new positions and closed 99 in Q4 2015.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $201B.
Based on Norges Bank's 13F filing for Q4 2015, filed 10 Feb 2016.