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 | |
|---|---|---|---|---|---|---|
|
UMPQ
876
DELISTED
Umpqua Holdings Corp
UMPQ
| $30.3M | 0.02% |
1,904,413
+150,023
| +9% | +$2.53M |
|
877
ITT
ITT
$17.4B
| $30.3M | 0.02% |
833,457
+42,167
| +5% | +$1.58M |
|
878
Deluxe
DLX
$1.08B
| $30.2M | 0.02% |
554,414
+15,000
| +3% | +$866K |
|
|
PF
879
DELISTED
Pinnacle Foods, Inc.
PF
| $30.2M | 0.02% |
711,507
+305,714
| +75% | +$13.1M |
|
|
ESL
880
DELISTED
Esterline Technologies
ESL
| $30.2M | 0.02% |
372,414
-72,388
| -16% | -$5.9M |
|
|
EQC
881
DELISTED
Equity Commonwealth
EQC
| $30.1M | 0.02% |
1,086,980
| – | – |
|
882
Sun Communities
SUI
$14B
| $30.1M | 0.02% |
439,691
-16,399
| -4% | -$1.11M |
|
883
Teledyne Technologies
TDY
$27.9B
| $30.1M | 0.02% |
339,076
| – | – |
|
|
CVG
884
DELISTED
Convergys
CVG
| $30M | 0.01% |
1,205,055
| – | – |
|
885
CNA Financial
CNA
$13B
| $30M | 0.01% |
852,417
+13,676
| +2% | +$490K |
|
886
Commerce Bancshares
CBSH
$8.22B
| $29.9M | 0.01% |
1,146,699
-95,216
| -8% | -$2.57M |
|
887
Carpenter Technology
CRS
$20.4B
| $29.9M | 0.01% |
988,597
+152,477
| +18% | +$5.03M |
|
|
WDR
888
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $29.9M | 0.01% |
1,043,868
+29,994
| +3% | +$1.03M |
|
|
TARO
889
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $29.9M | 0.01% |
193,509
+139,662
| +259% | +$20.4M |
|
890
Viasat
VSAT
$9.77B
| $29.9M | 0.01% |
489,853
+21,369
| +5% | +$1.36M |
|
|
RPAI
891
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $29.9M | 0.01% |
2,023,336
| – | – |
|
|
STRZA
892
DELISTED
Starz - Series A
STRZA
| $29.9M | 0.01% |
891,883
+34,928
| +4% | +$1.25M |
|
893
Regal Rexnord
RRX
$9.94B
| $29.8M | 0.01% |
509,789
-141,447
| -22% | -$8.66M |
|
|
GPT
894
DELISTED
Gramercy Property Trust
GPT
| $29.8M | 0.01% |
1,286,490
+1,136,033
| +755% | +$70.8M |
|
895
Douglas Emmett
DEI
$1.74B
| $29.7M | 0.01% |
951,140
| – | – |
|
|
HZNP
896
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $29.7M | 0.01% |
1,368,287
+165,605
| +14% | +$3.22M |
|
897
Camden Property Trust
CPT
$11.7B
| $29.6M | 0.01% |
385,316
+26,031
| +7% | +$1.98M |
|
898
Arista Networks
ANET
$249B
| $29.5M | 0.01% |
6,058,336
+2,773,408
| +84% | +$12M |
|
|
SPWR
899
DELISTED
SunPower Corporation Common Stock
SPWR
| $29.4M | 0.01% |
1,495,921
-933,037
| -38% | -$15.6M |
|
|
DCT
900
DELISTED
DCT Industrial Trust Inc.
DCT
| $29.4M | 0.01% |
786,153
| – | – |
|
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.