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 | |
|---|---|---|---|---|---|---|
1251
United Natural Foods
UNFI
$2.79B
| $17.4M | 0.01% |
443,152
+20,846
| +5% | +$976K |
|
|
HA
1252
DELISTED
Hawaiian Holdings, Inc.
HA
| $17.4M | 0.01% |
493,009
+52,400
| +12% | +$1.81M |
|
1253
LXP Industrial Trust
LXP
$3.59B
| $17.3M | 0.01% |
431,761
| – | – |
|
1254
B&G Foods
BGS
$255M
| $17.3M | 0.01% |
492,952
+74,200
| +18% | +$2.68M |
|
1255
Celestica
CLS
$40.8B
| $17.3M | 0.01% |
1,567,167
| – | – |
|
1256
Diodes
DIOD
$4.12B
| $17.2M | 0.01% |
749,000
| – | – |
|
1257
Vishay Intertechnology
VSH
$4.8B
| $17.2M | 0.01% |
1,423,511
-25,000
| -2% | -$282K |
|
|
MNTA
1258
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $17.2M | 0.01% |
1,155,882
| – | – |
|
1259
Trustmark
TRMK
$2.74B
| $17.1M | 0.01% |
744,333
+34,700
| +5% | +$840K |
|
|
PSB
1260
DELISTED
PS Business Parks, Inc.
PSB
| $17.1M | 0.01% |
196,123
+4,100
| +2% | +$351K |
|
|
ISEE
1261
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $17.1M | 0.01% |
218,287
| – | – |
|
1262
Lithia Motors
LAD
$7.46B
| $17.1M | 0.01% |
160,597
+300
| +0.2% | +$34.5K |
|
1263
Apple Hospitality REIT
APLE
$3.64B
| $17.1M | 0.01% |
+857,677
| New | +$16.8M |
|
1264
Enovis
ENOV
$1.08B
| $17.1M | 0.01% |
425,800
-10,776
| -2% | -$495K |
|
1265
NorthWestern Energy
NWE
$4.22B
| $17.1M | 0.01% |
314,814
| – | – |
|
|
WCC
1266
WESCO International
WCC
$16.3B
| $17M | 0.01% |
390,171
| – | – |
|
|
WMGI
1267
DELISTED
Wright Medical Group Inc
WMGI
| $17M | 0.01% |
703,815
+687,534
| +4,223% | +$14.9M |
|
|
GPOR
1268
DELISTED
Gulfport Energy Corp.
GPOR
| $17M | 0.01% |
692,103
| – | – |
|
1269
OSI Systems
OSIS
$3.22B
| $17M | 0.01% |
191,525
+400
| +0.2% | +$35K |
|
|
KG
1270
Kestrel Group
KG
$45.9M
| $16.9M | 0.01% |
56,784
| – | – |
|
1271
American States Water
AWR
$3.46B
| $16.9M | 0.01% |
403,588
| – | – |
|
|
CRAY
1272
DELISTED
Cray, Inc.
CRAY
| $16.9M | 0.01% |
521,754
+117,226
| +29% | +$3.45M |
|
1273
Asbury Automotive
ABG
$3.5B
| $16.9M | 0.01% |
250,919
| – | – |
|
|
AGR
1274
DELISTED
Avangrid, Inc.
AGR
| $16.9M | 0.01% |
+439,288
| New | +$16M |
|
1275
Children's Place
PLCE
$44.9M
| $16.8M | 0.01% |
304,917
| – | – |
|
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.