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 | |
|---|---|---|---|---|---|---|
1226
Nexstar Media Group
NXST
$5.04B
| $18.1M | 0.01% |
308,454
| – | – |
|
|
ELME
1227
Elme Communities
ELME
$145M
| $18.1M | 0.01% |
668,858
+81,260
| +14% | +$2.2M |
|
|
SVU
1228
DELISTED
SUPERVALU Inc.
SVU
| $18.1M | 0.01% |
381,295
+42,722
| +13% | +$2.04M |
|
1229
SLM Corp
SLM
$4.75B
| $18.1M | 0.01% |
2,774,942
-571,203
| -17% | -$3.88M |
|
1230
Innospec
IOSP
$2.29B
| $18.1M | 0.01% |
333,063
| – | – |
|
|
CADE
1231
DELISTED
Cadence Bank
CADE
| $18M | 0.01% |
751,764
| – | – |
|
1232
Steven Madden
SHOO
$3.04B
| $18M | 0.01% |
894,029
| – | – |
|
1233
Caleres
CAL
$415M
| $18M | 0.01% |
670,510
+213,330
| +47% | +$6.21M |
|
|
DCH
1234
Dauch Corp
DCH
$1.43B
| $18M | 0.01% |
949,133
| – | – |
|
|
MDAS
1235
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $18M | 0.01% |
581,019
-333,865
| -36% | -$9.28M |
|
1236
Unifirst Corp
UNF
$4.81B
| $17.9M | 0.01% |
172,228
| – | – |
|
|
DWA
1237
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $17.9M | 0.01% |
695,330
-243,718
| -26% | -$5.6M |
|
|
EE
1238
DELISTED
El Paso Electric Company
EE
| $17.9M | 0.01% |
464,947
-25,000
| -5% | -$955K |
|
1239
Fossil Group
FOSL
$315M
| $17.8M | 0.01% |
487,837
-137,812
| -22% | -$6.28M |
|
|
SYKE
1240
DELISTED
SYKES Enterprises Inc
SYKE
| $17.8M | 0.01% |
579,434
| – | – |
|
1241
Pebblebrook Hotel Trust
PEB
$2.01B
| $17.8M | 0.01% |
636,020
| – | – |
|
|
CSH
1242
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $17.8M | 0.01% |
594,650
| – | – |
|
1243
J&J Snack Foods
JJSF
$1.51B
| $17.8M | 0.01% |
152,293
+14,083
| +10% | +$1.66M |
|
1244
Diamondrock Hospitality Co
DRH
$2.51B
| $17.8M | 0.01% |
1,839,820
+116,345
| +7% | +$1.31M |
|
|
COHR
1245
DELISTED
Coherent Inc
COHR
| $17.7M | 0.01% |
272,381
+29,087
| +12% | +$1.79M |
|
|
MDP
1246
DELISTED
Meredith Corporation
MDP
| $17.6M | 0.01% |
406,033
| – | – |
|
1247
Power Integrations
POWI
$2.66B
| $17.5M | 0.01% |
720,784
+239,524
| +50% | +$5.83M |
|
|
SYNT
1248
DELISTED
Syntel Inc
SYNT
| $17.5M | 0.01% |
386,797
| – | – |
|
|
XHR
1249
Xenia Hotels & Resorts
XHR
$1.62B
| $17.5M | 0.01% |
1,141,435
+595,675
| +109% | +$10.1M |
|
1250
Genworth Financial
GNW
$3.81B
| $17.4M | 0.01% |
4,677,998
-1,413,185
| -23% | -$6.54M |
|
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.