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 | |
|---|---|---|---|---|---|---|
801
Toro Company
TTC
$8.74B
| $34.4M | 0.02% |
941,766
| – | – |
|
802
Ultragenyx Pharmaceutical
RARE
$1.27B
| $34.4M | 0.02% |
306,589
+11,367
| +4% | +$1.14M |
|
|
STR
803
DELISTED
QUESTAR CORP
STR
| $34.3M | 0.02% |
1,762,509
-28,070
| -2% | -$550K |
|
|
ACH
804
Accendra Health
ACH
$82.3M
| $34.3M | 0.02% |
952,507
+67,027
| +8% | +$2.42M |
|
|
WRI
805
DELISTED
Weingarten Realty Investors
WRI
| $34.1M | 0.02% |
986,859
-14,815
| -1% | -$511K |
|
806
RB Global
RBA
$15.6B
| $34.1M | 0.02% |
1,420,058
+70,000
| +5% | +$1.8M |
|
|
QEP
807
DELISTED
QEP RESOURCES, INC.
QEP
| $34.1M | 0.02% |
2,541,385
-356,013
| -12% | -$5.19M |
|
808
Rayonier
RYN
$5.96B
| $34M | 0.02% |
1,690,092
+48,620
| +3% | +$1.02M |
|
809
Sun Life Financial
SLF
$44.6B
| $34M | 0.02% |
1,094,444
+724,259
| +196% | +$23.9M |
|
810
Clean Harbors
CLH
$16.8B
| $34M | 0.02% |
815,876
-636,300
| -44% | -$27.6M |
|
811
JetBlue
JBLU
$1.62B
| $34M | 0.02% |
1,499,620
+154,479
| +11% | +$3.85M |
|
812
Synaptics
SYNA
$3.49B
| $33.9M | 0.02% |
422,056
+66,524
| +19% | +$5.65M |
|
|
IDTI
813
DELISTED
Integrated Device Technology I
IDTI
| $33.9M | 0.02% |
1,285,452
+102,300
| +9% | +$2.62M |
|
|
CB
814
DELISTED
CHUBB CORPORATION
CB
| $33.8M | 0.02% |
254,630
+3,865
| +2% | +$500K |
|
815
Silgan Holdings
SLGN
$4.08B
| $33.7M | 0.02% |
1,253,944
+18,600
| +2% | +$491K |
|
816
MDU Resources
MDU
$3.92B
| $33.7M | 0.02% |
4,833,771
+252,301
| +6% | +$1.75M |
|
817
Urban Edge Properties
UE
$2.53B
| $33.7M | 0.02% |
1,435,660
+120,979
| +9% | +$2.82M |
|
|
VVC
818
DELISTED
Vectren Corporation
VVC
| $33.6M | 0.02% |
791,706
| – | – |
|
819
NRG Energy
NRG
$22.6B
| $33.5M | 0.02% |
2,843,855
-221,105
| -7% | -$2.79M |
|
|
AFSI
820
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $33.4M | 0.02% |
1,086,188
+343,378
| +46% | +$11M |
|
821
Ovintiv
OVV
$17.4B
| $33.4M | 0.02% |
1,321,306
-185,783
| -12% | -$6.79M |
|
|
NBIS
822
Nebius Group N.V.
NBIS
$56.9B
| $33.4M | 0.02% |
2,126,910
+95,835
| +5% | +$1.43M |
|
|
WGL
823
DELISTED
Wgl Holdings
WGL
| $33.3M | 0.02% |
529,089
-35,939
| -6% | -$2.19M |
|
824
Sally Beauty Holdings
SBH
$1.5B
| $33.3M | 0.02% |
1,192,334
-152,157
| -11% | -$3.82M |
|
825
Woodward
WWD
$18.8B
| $33.2M | 0.02% |
669,020
-209,237
| -24% | -$9.87M |
|
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.