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 | |
|---|---|---|---|---|---|---|
776
Allison Transmission
ALSN
$9.8B
| $36.3M | 0.02% |
1,403,339
+795,900
| +131% | +$21.8M |
|
|
AIFU
777
AIFU Inc
AIFU
$63.7M
| $36.3M | 0.02% |
9,788
| – | – |
|
778
Cognex
CGNX
$10.1B
| $36.3M | 0.02% |
2,149,366
+77,720
| +4% | +$1.39M |
|
|
SRC
779
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $36.3M | 0.02% |
807,221
| – | – |
|
780
Nektar Therapeutics
NKTR
$2.3B
| $36M | 0.02% |
142,280
| – | – |
|
|
TECD
781
DELISTED
Tech Data Corp
TECD
| $35.9M | 0.02% |
541,085
+49,862
| +10% | +$3.56M |
|
|
SVC
782
Service Properties Trust
SVC
$857M
| $35.9M | 0.02% |
274,253
+1,657
| +0.6% | +$223K |
|
|
SCG
783
DELISTED
Scana
SCG
| $35.8M | 0.02% |
592,462
-103,136
| -15% | -$6.05M |
|
784
Booz Allen Hamilton
BAH
$9.43B
| $35.8M | 0.02% |
1,161,665
+283,761
| +32% | +$8.24M |
|
785
Aramark
ARMK
$15.2B
| $35.5M | 0.02% |
1,524,961
+1,081,647
| +244% | +$24.7M |
|
786
Federated Hermes
FHI
$4.23B
| $35.5M | 0.02% |
1,239,231
-140,457
| -10% | -$4.24M |
|
|
ARRS
787
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $35.5M | 0.02% |
1,160,587
| – | – |
|
|
TUP
788
DELISTED
Tupperware Brands Corporation
TUP
| $35.5M | 0.02% |
637,231
+306
| +0% | +$17.2K |
|
789
Hanover Insurance
THG
$8.07B
| $35.3M | 0.02% |
434,224
+25,700
| +6% | +$2.13M |
|
790
Oneok
OKE
$58.4B
| $35.3M | 0.02% |
1,431,801
+97,614
| +7% | +$2.93M |
|
791
West Pharmaceutical
WST
$25.5B
| $35.3M | 0.02% |
585,817
| – | – |
|
792
Live Nation Entertainment
LYV
$39.9B
| $35.2M | 0.02% |
1,434,398
-102,000
| -7% | -$2.61M |
|
793
Dick's Sporting Goods
DKS
$11B
| $35.1M | 0.02% |
992,686
| – | – |
|
|
DRE
794
DELISTED
Duke Realty Corp.
DRE
| $34.9M | 0.02% |
1,661,196
+87,936
| +6% | +$1.8M |
|
|
PLCM
795
DELISTED
POLYCOM INC
PLCM
| $34.9M | 0.02% |
2,770,122
+168,905
| +6% | +$2.2M |
|
796
Highwoods Properties
HIW
$3.39B
| $34.7M | 0.02% |
796,046
| – | – |
|
797
WaFd
WAFD
$2.43B
| $34.7M | 0.02% |
1,455,693
+17,583
| +1% | +$433K |
|
798
Universal Display
OLED
$3.51B
| $34.5M | 0.02% |
634,013
-371,557
| -37% | -$16.4M |
|
799
Sonoco
SON
$4.79B
| $34.5M | 0.02% |
843,978
-62,300
| -7% | -$2.59M |
|
|
SNV
800
DELISTED
Synovus
SNV
| $34.4M | 0.02% |
1,062,941
| – | – |
|
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.