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 | |
|---|---|---|---|---|---|---|
|
BRSL
701
Brightstar Lottery PLC
BRSL
$1.92B
| $41.6M | 0.02% |
2,571,244
+60,606
| +2% | +$969K |
|
702
BlackBerry
BB
$4.48B
| $41.4M | 0.02% |
4,465,923
-56,827
| -1% | -$437K |
|
703
Huntington Bancshares
HBAN
$32B
| $41.3M | 0.02% |
3,736,955
| – | – |
|
704
Carter's
CRI
$1.07B
| $41.3M | 0.02% |
463,634
+21,796
| +5% | +$1.94M |
|
705
Bio-Techne
TECH
$11.3B
| $41.1M | 0.02% |
1,827,884
| – | – |
|
706
Icon
ICLR
$13.4B
| $41.1M | 0.02% |
529,190
+24,733
| +5% | +$1.77M |
|
|
PBCT
707
DELISTED
People's United Financial Inc
PBCT
| $41M | 0.02% |
2,538,314
-46,904
| -2% | -$763K |
|
|
LPT
708
DELISTED
Liberty Property Trust
LPT
| $40.9M | 0.02% |
1,316,606
+14,611
| +1% | +$484K |
|
709
CubeSmart
CUBE
$8.94B
| $40.7M | 0.02% |
1,329,356
| – | – |
|
710
Hexcel
HXL
$6.89B
| $40.7M | 0.02% |
876,277
-97,160
| -10% | -$4.49M |
|
711
East-West Bancorp
EWBC
$17.3B
| $40.7M | 0.02% |
978,148
| – | – |
|
712
Bruker
BRKR
$9.24B
| $40.6M | 0.02% |
1,674,433
+250,000
| +18% | +$5.19M |
|
713
Service Corp International
SCI
$11B
| $40.5M | 0.02% |
1,557,016
| – | – |
|
714
Graphic Packaging
GPK
$2.86B
| $40.5M | 0.02% |
3,156,456
+1,543,089
| +96% | +$20.7M |
|
715
Chemed
CHE
$6.66B
| $40.5M | 0.02% |
270,058
| – | – |
|
|
WWAV
716
DELISTED
The WhiteWave Foods Company
WWAV
| $40.5M | 0.02% |
1,039,653
+49,826
| +5% | +$2.02M |
|
|
SIX
717
DELISTED
Six Flags Entertainment Corp.
SIX
| $40.4M | 0.02% |
735,919
+37,658
| +5% | +$1.95M |
|
|
BMR
718
DELISTED
BIOMED REALTY TRUST INC
BMR
| $40.4M | 0.02% |
1,705,789
+42,699
| +3% | +$993K |
|
|
ITC
719
DELISTED
ITC HOLDINGS CORP
ITC
| $40.3M | 0.02% |
1,025,695
-142,577
| -12% | -$4.95M |
|
720
Pitney Bowes
PBI
$2.37B
| $40.3M | 0.02% |
1,949,513
+47,259
| +2% | +$978K |
|
721
Essential Utilities
WTRG
$11.7B
| $40.2M | 0.02% |
1,347,650
-34,211
| -2% | -$985K |
|
722
Starwood Property Trust
STWD
$5.55B
| $39.9M | 0.02% |
1,939,588
| – | – |
|
|
ANAC
723
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $39.8M | 0.02% |
351,941
+184,848
| +111% | +$20.4M |
|
|
SGEN
724
DELISTED
Seagen Inc. Common Stock
SGEN
| $39.6M | 0.02% |
883,124
| – | – |
|
725
AutoNation
AN
$6.46B
| $39.6M | 0.02% |
663,800
-31,711
| -5% | -$1.96M |
|
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.