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 | |
|---|---|---|---|---|---|---|
1726
Helios Technologies
HLIO
$2.19B
| $7.74M | ﹤0.01% |
243,902
| – | – |
|
|
DWRE
1727
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $7.73M | ﹤0.01% |
143,172
-45,000
| -24% | -$2.35M |
|
|
FFIC
1728
DELISTED
Flushing Financial
FFIC
| $7.72M | ﹤0.01% |
356,994
+70,700
| +25% | +$1.52M |
|
|
BOBE
1729
DELISTED
Bob Evans Farms, Inc.
BOBE
| $7.72M | ﹤0.01% |
198,764
+36,484
| +22% | +$1.52M |
|
1730
Globe Life
GL
$13.3B
| $7.66M | ﹤0.01% |
134,052
-53,037
| -28% | -$3.11M |
|
1731
Dorman Products
DORM
$3.72B
| $7.64M | ﹤0.01% |
161,055
| – | – |
|
1732
Griffon
GFF
$4.2B
| $7.63M | ﹤0.01% |
428,937
| – | – |
|
|
IOC
1733
DELISTED
Interoil Corporation
IOC
| $7.61M | ﹤0.01% |
242,431
-80,221
| -25% | -$2.95M |
|
|
OUTR
1734
DELISTED
OUTERWALL INC
OUTR
| $7.54M | ﹤0.01% |
206,353
| – | – |
|
|
KNGT
1735
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $7.54M | ﹤0.01% |
310,987
-7,076
| -2% | -$171K |
|
1736
AMC Global Media
AMCX
$503M
| $7.52M | ﹤0.01% |
+100,645
| New | +$7.73M |
|
1737
Babcock & Wilcox
BW
$1.04B
| $7.51M | ﹤0.01% |
+36,000
| New | +$6.57M |
|
|
SSRI
1738
DELISTED
Silver Standard Resources
SSRI
| $7.5M | ﹤0.01% |
1,449,588
+343,053
| +31% | +$2.06M |
|
|
FOE
1739
DELISTED
Ferro Corporation
FOE
| $7.5M | ﹤0.01% |
674,826
| – | – |
|
|
PRSU
1740
Pursuit Attractions and Hospitality Inc
PRSU
$1.34B
| $7.49M | ﹤0.01% |
265,366
+27,051
| +11% | +$825K |
|
1741
First Financial Corp
THFF
$929M
| $7.48M | ﹤0.01% |
220,162
| – | – |
|
1742
Heartland Express
HTLD
$968M
| $7.46M | ﹤0.01% |
438,509
-22,700
| -5% | -$435K |
|
1743
Melco Resorts & Entertainment
MLCO
$1.76B
| $7.46M | ﹤0.01% |
444,047
-911,577
| -67% | -$15.5M |
|
|
SFR
1744
DELISTED
Starwood Waypoint Homes
SFR
| $7.45M | ﹤0.01% |
329,112
-73,928
| -18% | -$1.75M |
|
|
KNL
1745
DELISTED
Knoll, Inc.
KNL
| $7.43M | ﹤0.01% |
395,064
+50,000
| +14% | +$1.1M |
|
|
FINL
1746
DELISTED
Finish Line
FINL
| $7.34M | ﹤0.01% |
405,778
| – | – |
|
1747
Rayonier Advanced Materials
RYAM
$558M
| $7.31M | ﹤0.01% |
746,757
-25,000
| -3% | -$233K |
|
|
BFS
1748
Saul Centers
BFS
$759M
| $7.31M | ﹤0.01% |
142,503
| – | – |
|
|
WIRE
1749
DELISTED
Encore Wire Corp
WIRE
| $7.26M | ﹤0.01% |
195,840
+10,000
| +5% | +$405K |
|
1750
Powell Industries
POWL
$6.24B
| $7.24M | ﹤0.01% |
833,841
| – | – |
|
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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.