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 | |
|---|---|---|---|---|---|---|
976
Bankunited
BKU
$3.17B
| $26.3M | 0.01% |
730,150
+397,467
| +119% | +$14.8M |
|
977
IPG Photonics
IPGP
$3.27B
| $26.3M | 0.01% |
295,135
-22,304
| -7% | -$1.91M |
|
978
CAE Inc
CAE
$7.74B
| $26.3M | 0.01% |
2,376,815
+387,671
| +19% | +$4.34M |
|
979
Myriad Genetics
MYGN
$369M
| $26.2M | 0.01% |
607,872
| – | – |
|
980
RLJ Lodging Trust
RLJ
$1.65B
| $26.2M | 0.01% |
1,210,973
+141,516
| +13% | +$3.47M |
|
981
Crane NXT
CXT
$2.72B
| $26.2M | 0.01% |
1,574,577
+56,751
| +4% | +$984K |
|
982
Brixmor Property Group
BRX
$8.59B
| $26.1M | 0.01% |
1,012,384
+362,453
| +56% | +$9.09M |
|
|
THS
983
DELISTED
Treehouse Foods
THS
| $26.1M | 0.01% |
332,709
-33,629
| -9% | -$2.81M |
|
984
NCR Voyix
VYX
$982M
| $26.1M | 0.01% |
1,736,816
-386,561
| -18% | -$6.16M |
|
|
CXP
985
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $26M | 0.01% |
1,109,217
| – | – |
|
986
MSC Industrial Direct
MSM
$6.73B
| $26M | 0.01% |
461,575
| – | – |
|
987
Community Health Systems
CYH
$420M
| $25.9M | 0.01% |
1,181,684
| – | – |
|
|
NRF
988
DELISTED
NorthStar Realty Finance Corp.
NRF
| $25.9M | 0.01% |
1,520,527
+196,041
| +15% | +$3.95M |
|
|
PDM
989
Piedmont Realty Trust
PDM
$1.17B
| $25.9M | 0.01% |
1,370,804
| – | – |
|
990
Southwest Gas
SWX
$6.28B
| $25.9M | 0.01% |
469,176
| – | – |
|
991
Patterson-UTI
PTEN
$4.59B
| $25.9M | 0.01% |
1,715,513
| – | – |
|
|
NSR
992
DELISTED
Neustar Inc
NSR
| $25.9M | 0.01% |
1,079,116
+85,405
| +9% | +$2.21M |
|
|
ODP
993
DELISTED
ODP
ODP
| $25.9M | 0.01% |
458,600
| – | – |
|
|
HPY
994
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $25.8M | 0.01% |
272,385
+14,848
| +6% | +$1.15M |
|
995
Saic
SAIC
$5.56B
| $25.8M | 0.01% |
563,600
| – | – |
|
996
Molina Healthcare
MOH
$10.6B
| $25.8M | 0.01% |
428,990
+72,464
| +20% | +$4.57M |
|
|
KLXI
997
DELISTED
KLX Inc.
KLXI
| $25.8M | 0.01% |
991,910
+137,281
| +16% | +$4.05M |
|
|
LHO
998
DELISTED
LaSalle Hotel Properties
LHO
| $25.7M | 0.01% |
1,021,856
+149,713
| +17% | +$4.26M |
|
|
MDRX
999
DELISTED
Veradigm Inc. Common Stock
MDRX
| $25.7M | 0.01% |
1,671,199
+392,001
| +31% | +$5.62M |
|
1000
Energizer
ENR
$1.42B
| $25.7M | 0.01% |
754,483
+58,230
| +8% | +$2.23M |
|
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.