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 | |
|---|---|---|---|---|---|---|
1101
Hawaiian Electric Industries
HE
$1.77B
| $22.2M | 0.01% |
766,212
| – | – |
|
1102
Neogen
NEOG
$2.74B
| $22.2M | 0.01% |
1,046,536
+135,733
| +15% | +$2.77M |
|
|
CMBT
1103
CMB.TECH NV
CMBT
$5.7B
| $22.1M | 0.01% |
1,609,439
+567,959
| +55% | +$8.04M |
|
|
ESND
1104
DELISTED
Essendant Inc.
ESND
| $22.1M | 0.01% |
678,347
+45,300
| +7% | +$1.54M |
|
|
MFA
1105
MFA Financial
MFA
$854M
| $22M | 0.01% |
833,718
| – | – |
|
1106
NETGEAR
NTGR
$618M
| $22M | 0.01% |
524,887
+107,808
| +26% | +$4.36M |
|
1107
Huntsman Corp
HUN
$1.61B
| $22M | 0.01% |
1,930,946
-2,179,650
| -53% | -$25.8M |
|
|
SAFM
1108
DELISTED
Sanderson Farms Inc
SAFM
| $22M | 0.01% |
283,192
+44,880
| +19% | +$3.23M |
|
1109
Adeia
ADEA
$2.75B
| $21.9M | 0.01% |
2,762,492
+685,367
| +33% | +$5.99M |
|
1110
Terex
TEX
$6.72B
| $21.9M | 0.01% |
1,186,361
| – | – |
|
|
N
1111
DELISTED
Netsuite Inc
N
| $21.9M | 0.01% |
258,485
+23,462
| +10% | +$2.01M |
|
|
BWLD
1112
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $21.8M | 0.01% |
136,823
+31,061
| +29% | +$5.18M |
|
1113
Oil States International
OIS
$509M
| $21.8M | 0.01% |
800,900
+122,226
| +18% | +$3.64M |
|
|
CCP
1114
DELISTED
Care Capital Properties, Inc.
CCP
| $21.8M | 0.01% |
713,388
+26,300
| +4% | +$838K |
|
1115
MGIC Investment
MTG
$6.05B
| $21.8M | 0.01% |
2,463,190
+155,954
| +7% | +$1.46M |
|
1116
Dycom Industries
DY
$8.67B
| $21.7M | 0.01% |
310,081
+43,524
| +16% | +$3.46M |
|
1117
Applied Industrial Technologies
AIT
$11.6B
| $21.7M | 0.01% |
534,901
+20,165
| +4% | +$823K |
|
1118
Ciena
CIEN
$48.3B
| $21.7M | 0.01% |
1,046,680
+41,679
| +4% | +$957K |
|
1119
Bank of Hawaii
BOH
$2.95B
| $21.6M | 0.01% |
344,068
| – | – |
|
|
EGOV
1120
DELISTED
NIC Inc
EGOV
| $21.6M | 0.01% |
1,099,028
+74,501
| +7% | +$1.46M |
|
1121
Northwest Natural Holdings
NWN
$2.05B
| $21.6M | 0.01% |
426,376
| – | – |
|
1122
Timken Company
TKR
$8.09B
| $21.6M | 0.01% |
754,655
-97,507
| -11% | -$2.94M |
|
1123
Valmont Industries
VMI
$9.18B
| $21.6M | 0.01% |
203,410
| – | – |
|
1124
John Wiley & Sons Class A
WLY
$2.51B
| $21.5M | 0.01% |
478,163
| – | – |
|
|
NXGN
1125
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $21.5M | 0.01% |
1,331,493
+173,054
| +15% | +$2.53M |
|
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.