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 | |
|---|---|---|---|---|---|---|
|
PNK
1301
DELISTED
Pinnacle Entertainment Inc.
PNK
| $15.8M | 0.01% |
509,044
+5,400
| +1% | +$182K |
|
|
QTS
1302
DELISTED
QTS REALTY TRUST, INC.
QTS
| $15.8M | 0.01% |
349,852
+232,339
| +198% | +$10.1M |
|
|
ALEX
1303
DELISTED
Alexander & Baldwin
ALEX
| $15.7M | 0.01% |
445,950
| – | – |
|
1304
H.B. Fuller
FUL
$2.73B
| $15.7M | 0.01% |
430,778
-50,000
| -10% | -$1.89M |
|
|
INFN
1305
DELISTED
Infinera Corporation Common Stock
INFN
| $15.7M | 0.01% |
865,933
| – | – |
|
|
ECHO
1306
EchoStar
ECHO
$27.1B
| $15.7M | 0.01% |
494,290
+36,768
| +8% | +$1.23M |
|
1307
Korn Ferry
KFY
$4.22B
| $15.7M | 0.01% |
472,117
| – | – |
|
|
P
1308
DELISTED
Pandora Media Inc
P
| $15.7M | 0.01% |
1,167,315
| – | – |
|
1309
WisdomTree
WT
$3.37B
| $15.6M | 0.01% |
995,705
| – | – |
|
1310
Park National Corp
PRK
$3.32B
| $15.6M | 0.01% |
172,426
-898
| -0.5% | -$83.8K |
|
1311
ABM Industries
ABM
$2.95B
| $15.6M | 0.01% |
547,806
| – | – |
|
1312
Horace Mann Educators
HMN
$2B
| $15.6M | 0.01% |
469,967
| – | – |
|
|
STL
1313
DELISTED
Sterling Bancorp
STL
| $15.6M | 0.01% |
959,808
+142,300
| +17% | +$2.3M |
|
1314
Kosmos Energy
KOS
$1.71B
| $15.6M | 0.01% |
2,992,467
+514,551
| +21% | +$3.41M |
|
|
SC
1315
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $15.6M | 0.01% |
981,179
+95,602
| +11% | +$1.75M |
|
1316
Canadian Solar
CSIQ
$770M
| $15.5M | 0.01% |
536,896
-202,323
| -27% | -$4.66M |
|
|
BLUE
1317
DELISTED
bluebird bio
BLUE
| $15.5M | 0.01% |
18,623
+952
| +5% | +$951K |
|
1318
Matthews International
MATW
$623M
| $15.5M | 0.01% |
289,628
| – | – |
|
|
KATE
1319
DELISTED
Kate Spade & Company
KATE
| $15.5M | 0.01% |
870,249
+110,867
| +15% | +$2.17M |
|
|
ESGR
1320
DELISTED
Enstar Group
ESGR
| $15.4M | 0.01% |
102,797
| – | – |
|
|
MORE
1321
DELISTED
Monogram Residential Trust, Inc.
MORE
| $15.4M | 0.01% |
1,576,121
+558,496
| +55% | +$5.5M |
|
1322
Sabre
SABR
$936M
| $15.4M | 0.01% |
549,667
+174,859
| +47% | +$5.06M |
|
1323
Texas Capital Bancshares
TCBI
$4.14B
| $15.3M | 0.01% |
309,191
+6,500
| +2% | +$355K |
|
1324
Zillow
Z
$7.04B
| $15.3M | 0.01% |
649,604
-179,234
| -22% | -$4.74M |
|
1325
Churchill Downs
CHDN
$5.76B
| $15.2M | 0.01% |
646,620
| – | – |
|
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.