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 | |
|---|---|---|---|---|---|---|
601
IQVIA
IQV
$44.3B
| $51.5M | 0.03% |
749,504
+271,398
| +57% | +$18.5M |
|
|
SWN
602
DELISTED
Southwestern Energy Company
SWN
| $51.4M | 0.03% |
7,227,483
-5,901,002
| -45% | -$57.8M |
|
|
PACW
603
DELISTED
PacWest Bancorp
PACW
| $51.3M | 0.03% |
1,189,608
+200,541
| +20% | +$9.02M |
|
604
Trimble
TRMB
$13.4B
| $51.3M | 0.03% |
2,390,102
+243,952
| +11% | +$5.07M |
|
605
News Corp Class A
NWSA
$16.2B
| $51.1M | 0.03% |
3,827,774
-179,169
| -4% | -$2.53M |
|
606
Gildan
GIL
$8.58B
| $51M | 0.03% |
1,801,868
+66,590
| +4% | +$1.97M |
|
|
CPGX
607
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $50.7M | 0.03% |
2,532,604
-472,925
| -16% | -$9.37M |
|
608
Jack Henry & Associates
JKHY
$11.2B
| $50.3M | 0.03% |
643,978
-12,862
| -2% | -$988K |
|
609
Old Republic International
ORI
$9.88B
| $50.2M | 0.03% |
2,694,719
+28,393
| +1% | +$511K |
|
610
Arrow Electronics
ARW
$10.8B
| $50.1M | 0.02% |
924,542
+8,569
| +0.9% | +$488K |
|
611
Pultegroup
PHM
$22.4B
| $50M | 0.02% |
2,806,877
-626,994
| -18% | -$11.7M |
|
612
Mueller Water Products
MWA
$3.55B
| $49.9M | 0.02% |
5,800,557
-466,179
| -7% | -$4.07M |
|
|
PDCO
613
DELISTED
Patterson Companies, Inc.
PDCO
| $49.8M | 0.02% |
1,101,063
| – | – |
|
614
Charles River Laboratories
CRL
$13.1B
| $49.7M | 0.02% |
618,208
+20,602
| +3% | +$1.49M |
|
615
Hubbell
HUBB
$23.2B
| $49.6M | 0.02% |
+490,710
| New | +$50.1M |
|
616
Cadence Design Systems
CDNS
$77.1B
| $49.4M | 0.02% |
2,374,445
+227,993
| +11% | +$4.95M |
|
|
FTR
617
DELISTED
Frontier Communications Corp.
FTR
| $49.4M | 0.02% |
704,749
+168,471
| +31% | +$12.5M |
|
618
Polaris
PII
$3.15B
| $49.3M | 0.02% |
574,131
+8,699
| +2% | +$922K |
|
619
Open Text
OTEX
$5.67B
| $49.3M | 0.02% |
2,065,182
+252,654
| +14% | +$5.95M |
|
|
WFT
620
DELISTED
Weatherford International plc
WFT
| $49.3M | 0.02% |
5,872,990
| – | – |
|
|
IM
621
DELISTED
Ingram Micro
IM
| $49.2M | 0.02% |
1,620,760
| – | – |
|
622
ResMed
RMD
$32.9B
| $49.2M | 0.02% |
916,975
+102,648
| +13% | +$5.79M |
|
623
SBA Communications
SBAC
$19.1B
| $49.2M | 0.02% |
468,090
-600,000
| -56% | -$64.9M |
|
624
Manhattan Associates
MANH
$12.4B
| $49M | 0.02% |
739,989
+9,900
| +1% | +$704K |
|
625
Digital Realty Trust
DLR
$67.2B
| $48.9M | 0.02% |
646,400
+13,939
| +2% | +$1M |
|
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.