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 | |
|---|---|---|---|---|---|---|
826
ServiceNow
NOW
$145B
| $33M | 0.02% |
1,906,665
+862,905
| +83% | +$14.3M |
|
827
O-I Glass
OI
$945M
| $33M | 0.02% |
1,893,759
-52,910
| -3% | -$1.07M |
|
828
DNOW Inc
DNOW
$2.82B
| $33M | 0.02% |
2,084,442
| – | – |
|
829
LivaNova
LIVN
$4.33B
| $33M | 0.02% |
+555,428
| New | +$33.7M |
|
830
Genpact
G
$5.93B
| $33M | 0.02% |
1,319,775
+70,000
| +6% | +$1.73M |
|
|
SGI
831
Somnigroup International
SGI
$13.5B
| $32.9M | 0.02% |
1,869,828
+99,384
| +6% | +$1.89M |
|
832
Lincoln Electric
LECO
$13.9B
| $32.9M | 0.02% |
634,625
-86,029
| -12% | -$4.79M |
|
|
TCF
833
DELISTED
TCF Financial Corporation
TCF
| $32.9M | 0.02% |
2,326,625
| – | – |
|
834
Wolfspeed
WOLF
$1.25B
| $32.8M | 0.02% |
1,229,978
-312,250
| -20% | -$8.07M |
|
|
AWH
835
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $32.8M | 0.02% |
881,642
+62,500
| +8% | +$2.31M |
|
|
BIN
836
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $32.7M | 0.02% |
1,393,109
-686,033
| -33% | -$16.4M |
|
837
Brown-Forman Class B
BF.B
$11.8B
| $32.7M | 0.02% |
1,028,072
-2,045,169
| -67% | -$68.2M |
|
|
GCI
838
DELISTED
Gannett Co., Inc
GCI
| $32.5M | 0.02% |
1,993,475
+456,835
| +30% | +$7.4M |
|
839
Pool Corp
POOL
$6.1B
| $32.4M | 0.02% |
401,407
+30,057
| +8% | +$2.41M |
|
840
Aecom
ACM
$8.08B
| $32.4M | 0.02% |
1,079,724
| – | – |
|
841
Euronet Worldwide
EEFT
$2.58B
| $32.4M | 0.02% |
447,108
+19,955
| +5% | +$1.53M |
|
|
BIG
842
DELISTED
Big Lots, Inc.
BIG
| $32.3M | 0.02% |
838,313
| – | – |
|
843
GameStop
GME
$11.1B
| $32.3M | 0.02% |
4,603,192
-268,860
| -6% | -$2.6M |
|
|
CPHD
844
DELISTED
Cepheid Inc
CPHD
| $32.2M | 0.02% |
882,364
+138,794
| +19% | +$4.93M |
|
|
FLIR
845
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $32.2M | 0.02% |
1,148,221
| – | – |
|
846
Emcor
EME
$32.6B
| $32.2M | 0.02% |
669,660
+23,767
| +4% | +$1.14M |
|
|
BCPC
847
Balchem Corp
BCPC
$5.34B
| $32.2M | 0.02% |
529,101
| – | – |
|
|
UNIT
848
Uniti Group
UNIT
$2.32B
| $32.1M | 0.02% |
1,717,148
+203,274
| +13% | +$3.92M |
|
849
Graco
GGG
$12.4B
| $32M | 0.02% |
1,332,330
| – | – |
|
|
SKX
850
DELISTED
Skechers
SKX
| $32M | 0.02% |
1,058,301
+146,400
| +16% | +$4.9M |
|
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.