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 | |
|---|---|---|---|---|---|---|
|
ULTI
676
DELISTED
Ultimate Software Group Inc
ULTI
| $43.3M | 0.02% |
221,551
+11,792
| +6% | +$2.31M |
|
677
PBF Energy
PBF
$9B
| $43.3M | 0.02% |
1,176,672
+48,574
| +4% | +$1.71M |
|
678
Newmont
NEM
$128B
| $43.2M | 0.02% |
2,400,254
+367,222
| +18% | +$6.75M |
|
679
Teleflex
TFX
$5.42B
| $43.1M | 0.02% |
328,206
| – | – |
|
|
PPLI
680
People Inc
PPLI
$2.78B
| $43.1M | 0.02% |
4,015,723
+84,597
| +2% | +$979K |
|
681
Brunswick
BC
$4.39B
| $42.9M | 0.02% |
849,792
+61,249
| +8% | +$3.16M |
|
|
HRC
682
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $42.8M | 0.02% |
891,075
+88,178
| +11% | +$4.5M |
|
683
Murphy USA
MUSA
$9.43B
| $42.8M | 0.02% |
703,880
| – | – |
|
684
CenterPoint Energy
CNP
$25.2B
| $42.6M | 0.02% |
2,321,754
-510,862
| -18% | -$9.07M |
|
|
FEIC
685
DELISTED
FEI COMPANY
FEIC
| $42.6M | 0.02% |
534,091
| – | – |
|
686
Jefferies Financial Group
JEF
$10.9B
| $42.6M | 0.02% |
2,737,381
-186,257
| -6% | -$3.11M |
|
687
OGE Energy
OGE
$9.5B
| $42.6M | 0.02% |
1,620,845
| – | – |
|
688
Brown & Brown
BRO
$22B
| $42.5M | 0.02% |
2,648,312
+123,496
| +5% | +$1.98M |
|
689
Neurocrine Biosciences
NBIX
$15.2B
| $42.4M | 0.02% |
749,307
+33,919
| +5% | +$1.72M |
|
690
FMC
FMC
$1.35B
| $42.2M | 0.02% |
1,243,268
+93,127
| +8% | +$3.19M |
|
|
CSC
691
DELISTED
Computer Sciences
CSC
| $42.2M | 0.02% |
1,290,859
-1,772,349
| -58% | -$51.8M |
|
692
Flowers Foods
FLO
$1.3B
| $42.1M | 0.02% |
1,960,858
+163,415
| +9% | +$3.98M |
|
693
Marvell Technology
MRVL
$206B
| $42.1M | 0.02% |
4,777,634
-42,161
| -0.9% | -$373K |
|
|
PNRA
694
DELISTED
Panera Bread Co
PNRA
| $42.1M | 0.02% |
216,055
+5,649
| +3% | +$1.05M |
|
695
Curtiss-Wright
CW
$21.1B
| $41.9M | 0.02% |
611,991
+70,353
| +13% | +$4.79M |
|
696
EnerSys
ENS
$6.2B
| $41.8M | 0.02% |
747,130
+33,025
| +5% | +$2M |
|
697
Teradyne
TER
$53.3B
| $41.8M | 0.02% |
2,021,360
-97,847
| -5% | -$1.95M |
|
|
NFX
698
DELISTED
Newfield Exploration
NFX
| $41.8M | 0.02% |
1,283,199
| – | – |
|
699
Lamar Advertising Co
LAMR
$15B
| $41.7M | 0.02% |
695,604
+53,035
| +8% | +$3.05M |
|
700
Oceaneering
OII
$4.64B
| $41.6M | 0.02% |
1,109,265
-1,330
| -0.1% | -$56.9K |
|
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.