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 | |
|---|---|---|---|---|---|---|
901
Alexandria Real Estate Equities
ARE
$9.21B
| $29.4M | 0.01% |
325,104
+34,552
| +12% | +$3.12M |
|
|
DHC
902
Diversified Healthcare Trust
DHC
$1.92B
| $29.4M | 0.01% |
1,979,188
-17,813
| -0.9% | -$266K |
|
903
SITE Centers
SITC
$153M
| $29.2M | 0.01% |
1,346,839
+55,726
| +4% | +$1.2M |
|
904
American Eagle Outfitters
AEO
$2.48B
| $29.2M | 0.01% |
1,884,033
+192,658
| +11% | +$3.02M |
|
905
Graham Holdings Company
GHC
$4.81B
| $29.2M | 0.01% |
60,204
+14,425
| +32% | +$7.84M |
|
906
New Jersey Resources
NJR
$5.43B
| $29.2M | 0.01% |
885,084
| – | – |
|
907
First Horizon
FHN
$11.3B
| $29.1M | 0.01% |
2,006,514
| – | – |
|
908
Diamondback Energy
FANG
$54.5B
| $29.1M | 0.01% |
434,915
| – | – |
|
|
RAX
909
DELISTED
Rackspace Hosting Inc
RAX
| $29M | 0.01% |
1,147,018
+88,483
| +8% | +$2.35M |
|
910
Mercury Insurance
MCY
$5.65B
| $28.9M | 0.01% |
621,233
+163,916
| +36% | +$8.3M |
|
911
Healthcare Realty
HR
$6.34B
| $28.9M | 0.01% |
1,071,214
| – | – |
|
|
DNY
912
DELISTED
DONNELLEY R R & SONS CO
DNY
| $28.8M | 0.01% |
1,957,575
+138,879
| +8% | +$2.04M |
|
|
TRCO
913
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $28.8M | 0.01% |
851,667
+188,041
| +28% | +$7.03M |
|
914
Avis
CAR
$4.13B
| $28.8M | 0.01% |
792,637
-56,022
| -7% | -$2.36M |
|
915
Trinity Industries
TRN
$2.26B
| $28.8M | 0.01% |
1,662,561
-109,792
| -6% | -$2.04M |
|
916
Enerpac Tool Group
EPAC
$1.83B
| $28.7M | 0.01% |
1,199,071
+662,743
| +124% | +$15.2M |
|
917
Encompass Health
EHC
$12.2B
| $28.7M | 0.01% |
1,036,001
-31,425
| -3% | -$894K |
|
918
U-Haul Holding Co
UHAL
$12.3B
| $28.7M | 0.01% |
735,940
+15,630
| +2% | +$632K |
|
919
Insulet
PODD
$9.75B
| $28.6M | 0.01% |
755,748
| – | – |
|
920
Madison Square Garden
MSGS
$9.48B
| $28.5M | 0.01% |
+247,154
| New | +$29.8M |
|
921
Matsons
MATX
$7.05B
| $28.4M | 0.01% |
666,013
-107,355
| -14% | -$5.01M |
|
|
CPN
922
DELISTED
Calpine Corporation
CPN
| $28.4M | 0.01% |
1,960,776
+185,846
| +10% | +$2.72M |
|
|
NUAN
923
DELISTED
Nuance Communications, Inc.
NUAN
| $28.4M | 0.01% |
1,647,428
-320
| -0% | -$5.2K |
|
924
EPR Properties
EPR
$4.37B
| $28.4M | 0.01% |
485,202
| – | – |
|
|
CTB
925
DELISTED
Cooper Tire & Rubber Co.
CTB
| $28.3M | 0.01% |
748,692
+57,057
| +8% | +$2.33M |
|
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.