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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+6.38%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$201B
AUM Growth
+$10.3B
Cap. Flow
+$718M
Cap. Flow %
0.36%
Top 10 Hldgs %
14.3%
Holding
2,329
New
47
Increased
880
Reduced
556
Closed
99

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.65B
2
SYF icon
Synchrony
SYF
+$318M
3
HPE icon
Hewlett Packard
HPE
+$245M
4
AMZN icon
Amazon
AMZN
+$195M
5
PFE icon
Pfizer
PFE
+$128M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.54B
2
MA icon
Mastercard
MA
+$393M
3
CB icon
Chubb
CB
+$261M
4
ORCL icon
Oracle
ORCL
+$257M
5
HPQ icon
HP
HPQ
+$250M

Sector Composition

Rank Sector Weight
1 Financials 19.23%
2 Healthcare 14.67%
3 Technology 13.68%
4 Consumer Discretionary 9.87%
5 Communication Services 9.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KMB icon
126
Kimberly-Clark
KMB
$37.4B
$328M 0.16%
2,576,333
-188,431
-7% -$22.6M
CRM icon
127
Salesforce
CRM
$154B
$327M 0.16%
4,170,771
+689,276
+20% +$53.8M
ALXN
128
DELISTED
Alexion Pharmaceuticals
ALXN
$326M 0.16%
1,706,802
+34,502
+2% +$6.03M
SRE icon
129
Sempra
SRE
$58.2B
$324M 0.16%
6,888,312
+197,920
+3% +$9.78M
ECL icon
130
Ecolab
ECL
$78.9B
$323M 0.16%
2,819,670
-183,621
-6% -$21.6M
MS icon
131
Morgan Stanley
MS
$324B
$310M 0.15%
9,737,246
+1,441,030
+17% +$47.9M
NFLX icon
132
Netflix
NFLX
$306B
$305M 0.15%
26,689,570
+1,421,790
+6% +$16.2M
SLG icon
133
SL Green Realty
SLG
$3.9B
$299M 0.15%
2,733,364
+35,041
+1% +$3.93M
ADP icon
134
Automatic Data Processing
ADP
$111B
$298M 0.15%
3,517,923
+110,043
+3% +$9.48M
OMC icon
135
Omnicom Group
OMC
$23.7B
$292M 0.15%
3,856,209
-344,976
-8% -$25.3M
BRCM
136
DELISTED
BROADCOM CORP CL-A
BRCM
$291M 0.14%
5,035,998
+563,515
+13% +$30.3M
VIAB
137
DELISTED
Viacom Inc. Class B
VIAB
$290M 0.14%
7,044,862
-2,193,027
-24% -$103M
CCI icon
138
Crown Castle
CCI
$33.2B
$288M 0.14%
3,332,826
+857,158
+35% +$72.8M
KRC icon
139
Kilroy Realty
KRC
$4.65B
$283M 0.14%
4,470,686
– –
DE icon
140
Deere & Co
DE
$166B
$282M 0.14%
3,699,635
-425,110
-10% -$32.9M
CAH icon
141
Cardinal Health
CAH
$54B
$282M 0.14%
3,156,190
+52,662
+2% +$4.47M
JCI icon
142
Johnson Controls International
JCI
$85.5B
$281M 0.14%
6,784,588
+70,998
+1% +$3.21M
SO icon
143
Southern Company
SO
$108B
$277M 0.14%
5,929,636
+454,103
+8% +$20.6M
CTSH icon
144
Cognizant
CTSH
$26.8B
$276M 0.14%
4,605,182
+328,971
+8% +$21.2M
GIS icon
145
General Mills
GIS
$20.2B
$276M 0.14%
4,783,524
+377,500
+9% +$21.7M
S
146
DELISTED
Sprint Corporation
S
$272M 0.14%
75,129,056
-29,951,051
-29% -$123M
AA icon
147
Alcoa
AA
$11.4B
$271M 0.13%
11,436,635
-60,791
-0.5% -$1.36M
DD icon
148
DuPont de Nemours
DD
$18.8B
$270M 0.13%
2,069,463
-258,134
-11% -$33.1M
BN icon
149
Brookfield
BN
$103B
$268M 0.13%
24,274,729
+696,249
+3% +$8.17M
AVGO icon
150
Broadcom
AVGO
$1.8T
$266M 0.13%
18,294,830
+822,000
+5% +$10.7M
4 5
6
7 8

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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.