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 | |
|---|---|---|---|---|---|---|
|
ATML
851
DELISTED
ATMEL CORP
ATML
| $31.8M | 0.02% |
3,692,921
| – | – |
|
|
EV
852
DELISTED
Eaton Vance Corp.
EV
| $31.7M | 0.02% |
978,778
| – | – |
|
|
MDSO
853
DELISTED
Medidata Solutions, Inc.
MDSO
| $31.7M | 0.02% |
643,207
-18,500
| -3% | -$814K |
|
|
SHPG
854
DELISTED
Shire pic
SHPG
| $31.7M | 0.02% |
154,491
| – | – |
|
855
Urban Outfitters
URBN
$6.6B
| $31.6M | 0.02% |
1,389,865
+267,156
| +24% | +$6.9M |
|
856
ACI Worldwide
ACIW
$5.21B
| $31.6M | 0.02% |
1,477,195
+102,321
| +7% | +$2.35M |
|
857
Sensient Technologies
SXT
$5.46B
| $31.6M | 0.02% |
502,583
+58,069
| +13% | +$3.75M |
|
|
LPNT
858
DELISTED
LifePoint Health, Inc.
LPNT
| $31.6M | 0.02% |
430,050
+20,125
| +5% | +$1.43M |
|
|
SYA
859
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $31.5M | 0.02% |
993,000
| – | – |
|
860
Dolby
DLB
$5.5B
| $31.5M | 0.02% |
935,097
| – | – |
|
861
ONE Gas
OGS
$4.81B
| $31.3M | 0.02% |
624,752
| – | – |
|
|
LSI
862
DELISTED
Life Storage, Inc.
LSI
| $31.3M | 0.02% |
437,889
| – | – |
|
863
Quanta Services
PWR
$93.1B
| $31.3M | 0.02% |
1,543,659
-190,289
| -11% | -$4.1M |
|
|
PRXL
864
DELISTED
Parexel International Corp
PRXL
| $31.2M | 0.02% |
457,414
-10,000
| -2% | -$651K |
|
|
BEAV
865
DELISTED
B/E Aerospace Inc
BEAV
| $31.1M | 0.02% |
734,653
-32,630
| -4% | -$1.46M |
|
|
AHL
866
DELISTED
ASPEN Insurance Holding Limited
AHL
| $31M | 0.02% |
642,687
| – | – |
|
867
Rollins
ROL
$16.1B
| $31M | 0.02% |
2,693,205
+325,026
| +14% | +$3.87M |
|
868
National Fuel Gas
NFG
$7.64B
| $31M | 0.02% |
724,352
+10,908
| +2% | +$518K |
|
869
Maximus
MMS
$3.02B
| $30.9M | 0.02% |
550,125
| – | – |
|
|
CAVM
870
DELISTED
Cavium, Inc.
CAVM
| $30.9M | 0.02% |
470,833
+60,528
| +15% | +$4.08M |
|
|
DBD
871
DELISTED
Diebold Nixdorf Incorporated
DBD
| $30.9M | 0.02% |
1,027,739
+149,150
| +17% | +$5.07M |
|
|
WCG
872
DELISTED
Wellcare Health Plans, Inc.
WCG
| $30.7M | 0.02% |
392,791
+31,160
| +9% | +$2.58M |
|
873
Cabot Corp
CBT
$4.05B
| $30.6M | 0.02% |
747,936
-30,500
| -4% | -$1.21M |
|
874
Ryder
R
$9.13B
| $30.5M | 0.02% |
536,379
| – | – |
|
875
Liberty Media Series A
FWONA
$21.9B
| $30.5M | 0.02% |
1,154,167
-15,297
| -1% | -$407K |
|
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.