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 | |
|---|---|---|---|---|---|---|
1501
Boise Cascade
BCC
$2.63B
| $11.6M | 0.01% |
455,267
| – | – |
|
|
AVX
1502
DELISTED
AVX Corporation
AVX
| $11.6M | 0.01% |
952,941
| – | – |
|
1503
Dine Brands
DIN
$349M
| $11.6M | 0.01% |
136,471
| – | – |
|
|
FMBI
1504
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $11.6M | 0.01% |
626,985
| – | – |
|
|
AEGN
1505
DELISTED
Aegion Corp
AEGN
| $11.5M | 0.01% |
596,887
+25,000
| +4% | +$496K |
|
|
AVG
1506
DELISTED
AVG Technologies N.V.
AVG
| $11.5M | 0.01% |
574,798
+543,319
| +1,726% | +$11.5M |
|
1507
Plexus
PLXS
$6.44B
| $11.5M | 0.01% |
329,997
| – | – |
|
|
BID
1508
DELISTED
Sotheby's
BID
| $11.5M | 0.01% |
447,014
-107,328
| -19% | -$3.25M |
|
|
FFG
1509
DELISTED
FBL Financial Group
FFG
| $11.5M | 0.01% |
180,832
| – | – |
|
1510
Comfort Systems
FIX
$55.7B
| $11.5M | 0.01% |
404,507
| – | – |
|
1511
Simpson Manufacturing
SSD
$7.04B
| $11.5M | 0.01% |
336,526
+50,000
| +17% | +$1.81M |
|
1512
Zurn Elkay Water Solutions
ZWS
$7.6B
| $11.5M | 0.01% |
1,314,598
+219,880
| +20% | +$1.99M |
|
|
SONC
1513
DELISTED
Sonic Corp
SONC
| $11.5M | 0.01% |
354,764
| – | – |
|
|
LQ
1514
DELISTED
La Quinta Holdings Inc.
LQ
| $11.4M | 0.01% |
841,218
+142,731
| +20% | +$2.18M |
|
|
HTS
1515
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $11.4M | 0.01% |
869,865
| – | – |
|
|
DDC
1516
DELISTED
Dominion Diamond Corporation
DDC
| $11.4M | 0.01% |
1,121,062
+195,000
| +21% | +$1.88M |
|
|
FCH
1517
DELISTED
Felcor Lodging Trust
FCH
| $11.4M | 0.01% |
1,564,256
+390,564
| +33% | +$3.05M |
|
|
HF
1518
DELISTED
HFF Inc.
HF
| $11.4M | 0.01% |
366,908
| – | – |
|
|
PCH
1519
DELISTED
PotlatchDeltic
PCH
| $11.4M | 0.01% |
376,161
| – | – |
|
|
CIE
1520
DELISTED
Cobalt International Energy, Inc
CIE
| $11.3M | 0.01% |
140,067
+5,465
| +4% | +$602K |
|
1521
Nordic American Tanker
NAT
$1.7B
| $11.3M | 0.01% |
733,414
+390,605
| +114% | +$5.92M |
|
1522
Protolabs
PRLB
$1.98B
| $11.3M | 0.01% |
176,827
+57,676
| +48% | +$3.72M |
|
1523
Mine Safety
MSA
$6.92B
| $11.3M | 0.01% |
258,965
| – | – |
|
|
ERF
1524
DELISTED
Enerplus Corporation
ERF
| $11.2M | 0.01% |
3,278,733
+432,605
| +15% | +$2.07M |
|
1525
Ethan Allen Interiors
ETD
$545M
| $11.1M | 0.01% |
400,364
+46,500
| +13% | +$1.3M |
|
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.