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 | |
|---|---|---|---|---|---|---|
|
VISN
1026
Vistance Networks Inc
VISN
$1.5B
| $24.6M | 0.01% |
951,531
+419,500
| +79% | +$12.1M |
|
1027
Sunstone Hotel Investors
SHO
$2.05B
| $24.6M | 0.01% |
1,970,515
+161,940
| +9% | +$2.29M |
|
|
HSNI
1028
DELISTED
HSN, Inc.
HSNI
| $24.5M | 0.01% |
484,107
| – | – |
|
1029
Vermilion Energy
VET
$1.93B
| $24.5M | 0.01% |
905,676
-32,444
| -3% | -$1.02M |
|
1030
Gaming and Leisure Properties
GLPI
$11.7B
| $24.5M | 0.01% |
880,708
| – | – |
|
1031
Spectrum Brands
SPB
$1.99B
| $24.5M | 0.01% |
240,473
| – | – |
|
1032
ASML
ASML
$615B
| $24.5M | 0.01% |
275,670
-24,733
| -8% | -$2.25M |
|
1033
Jack in the Box
JACK
$253M
| $24.5M | 0.01% |
319,009
| – | – |
|
|
KS
1034
DELISTED
KapStone Paper and Pack Corp.
KS
| $24.4M | 0.01% |
1,078,416
+31,566
| +3% | +$692K |
|
1035
Acadia Healthcare
ACHC
$2.62B
| $24.4M | 0.01% |
389,982
| – | – |
|
1036
Moog Inc Class A
MOG.A
$11.4B
| $24.3M | 0.01% |
401,644
| – | – |
|
1037
ScottsMiracle-Gro
SMG
$3.19B
| $24.3M | 0.01% |
377,209
-34,269
| -8% | -$2.27M |
|
1038
Selective Insurance
SIGI
$5.27B
| $24.3M | 0.01% |
724,336
+69,000
| +11% | +$2.39M |
|
|
VSTO
1039
DELISTED
Vista Outdoor Inc.
VSTO
| $24.3M | 0.01% |
546,141
| – | – |
|
1040
Edgewell Personal Care
EPC
$1.23B
| $24.3M | 0.01% |
310,061
-228,626
| -42% | -$18.5M |
|
1041
Rithm Capital
RITM
$5.29B
| $24.3M | 0.01% |
1,998,104
| – | – |
|
|
CMA
1042
DELISTED
Comerica
CMA
| $24.3M | 0.01% |
580,146
-162,593
| -22% | -$7.11M |
|
|
PTLA
1043
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $24.2M | 0.01% |
470,906
+49,806
| +12% | +$2.41M |
|
1044
Tenet Healthcare
THC
$21.4B
| $24.2M | 0.01% |
799,263
| – | – |
|
|
PMCS
1045
DELISTED
P M C SIERRA INC
PMCS
| $24.2M | 0.01% |
2,083,640
| – | – |
|
|
JNS
1046
DELISTED
Janus Capital Group Inc
JNS
| $24.2M | 0.01% |
1,716,970
| – | – |
|
1047
Rambus
RMBS
$8.83B
| $24.2M | 0.01% |
2,085,114
+124,600
| +6% | +$1.44M |
|
|
ALR
1048
DELISTED
Alere Inc
ALR
| $24.2M | 0.01% |
618,017
| – | – |
|
|
ANAT
1049
DELISTED
American National Group, Inc. Common Stock
ANAT
| $24.1M | 0.01% |
235,924
| – | – |
|
|
LXK
1050
DELISTED
Lexmark Intl Inc
LXK
| $24.1M | 0.01% |
742,066
| – | – |
|
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.