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 | |
|---|---|---|---|---|---|---|
|
AZPN
1076
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $23.2M | 0.01% |
613,888
+77,000
| +14% | +$2.91M |
|
1077
W.P. Carey
WPC
$15.2B
| $23.1M | 0.01% |
400,405
-9,988
| -2% | -$599K |
|
|
INFO
1078
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $23.1M | 0.01% |
765,816
+239,064
| +45% | +$7.1M |
|
1079
Hancock Whitney
HWC
$5.98B
| $23.1M | 0.01% |
917,593
| – | – |
|
1080
Wendy's
WEN
$1.34B
| $23M | 0.01% |
2,140,106
-753,250
| -26% | -$7.42M |
|
|
NATI
1081
DELISTED
National Instruments Corp
NATI
| $23M | 0.01% |
802,395
| – | – |
|
|
CLC
1082
DELISTED
Clarcor
CLC
| $23M | 0.01% |
463,241
-62,999
| -12% | -$3.16M |
|
|
IPXL
1083
DELISTED
Impax Laboratories, Inc.
IPXL
| $22.9M | 0.01% |
534,424
| – | – |
|
1084
Outfront Media
OUT
$4.96B
| $22.8M | 0.01% |
1,062,225
-136,562
| -11% | -$3.07M |
|
1085
HNI Corp
HNI
$3.34B
| $22.8M | 0.01% |
632,706
+40,000
| +7% | +$1.69M |
|
|
ABAX
1086
DELISTED
Abaxis Inc
ABAX
| $22.7M | 0.01% |
408,310
| – | – |
|
1087
Landstar System
LSTR
$5.74B
| $22.6M | 0.01% |
385,270
| – | – |
|
1088
Sprouts Farmers Market
SFM
$6.63B
| $22.6M | 0.01% |
849,170
+100,604
| +13% | +$2.38M |
|
1089
Designer Brands
DBI
$309M
| $22.5M | 0.01% |
944,229
+39,746
| +4% | +$955K |
|
1090
Portland General Electric
POR
$5.63B
| $22.5M | 0.01% |
619,269
-222,388
| -26% | -$8.2M |
|
|
KW
1091
DELISTED
Kennedy-Wilson Holdings
KW
| $22.5M | 0.01% |
933,710
+138,989
| +17% | +$3.42M |
|
1092
First Industrial Realty Trust
FR
$8.14B
| $22.4M | 0.01% |
1,013,945
| – | – |
|
1093
Blackstone Mortgage Trust
BXMT
$2.24B
| $22.4M | 0.01% |
837,402
| – | – |
|
|
PAY
1094
DELISTED
Verifone Systems Inc
PAY
| $22.4M | 0.01% |
799,487
+68,129
| +9% | +$1.97M |
|
1095
Littelfuse
LFUS
$10.1B
| $22.4M | 0.01% |
209,107
| – | – |
|
1096
Bright Horizons
BFAM
$3.34B
| $22.3M | 0.01% |
334,568
+200,000
| +149% | +$12.9M |
|
1097
Fair Isaac
FICO
$21.4B
| $22.3M | 0.01% |
237,246
-46,109
| -16% | -$4.19M |
|
|
SFLY
1098
DELISTED
Shutterfly, Inc.
SFLY
| $22.3M | 0.01% |
501,429
| – | – |
|
1099
Acadia Realty Trust
AKR
$2.67B
| $22.3M | 0.01% |
672,167
+68,880
| +11% | +$2.25M |
|
|
BDN
1100
Brandywine Realty Trust
BDN
$503M
| $22.3M | 0.01% |
1,631,069
| – | – |
|
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.