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 | |
|---|---|---|---|---|---|---|
|
HIBB
1751
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $7.23M | ﹤0.01% |
239,162
| – | – |
|
1752
AMN Healthcare
AMN
$1.35B
| $7.19M | ﹤0.01% |
231,571
+81,077
| +54% | +$2.4M |
|
|
INVN
1753
DELISTED
Invensense Inc
INVN
| $7.14M | ﹤0.01% |
698,410
+591,458
| +553% | +$6.55M |
|
1754
FerroAtlántica
GSM
$807M
| $7.12M | ﹤0.01% |
662,721
| – | – |
|
1755
CTS Corp
CTS
$1.62B
| $7.12M | ﹤0.01% |
403,599
+54,845
| +16% | +$1.02M |
|
|
SNR
1756
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $7.12M | ﹤0.01% |
721,805
| – | – |
|
|
TSRO
1757
DELISTED
TESARO, Inc.
TSRO
| $7.12M | ﹤0.01% |
136,036
+300
| +0.2% | +$14.3K |
|
1758
Otter Tail
OTTR
$3.74B
| $7.11M | ﹤0.01% |
266,855
-45,300
| -15% | -$1.22M |
|
|
NPKI
1759
NPK International
NPKI
$1.1B
| $7.11M | ﹤0.01% |
1,345,651
| – | – |
|
|
SCAI
1760
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $7.1M | ﹤0.01% |
178,300
+75,700
| +74% | +$2.63M |
|
|
BSFT
1761
DELISTED
BroadSoft, Inc.
BSFT
| $7.09M | ﹤0.01% |
200,547
| – | – |
|
1762
Delek US
DK
$4.85B
| $7.09M | ﹤0.01% |
288,080
+33,000
| +13% | +$865K |
|
1763
Andersons Inc
ANDE
$2.43B
| $7.05M | ﹤0.01% |
222,917
| – | – |
|
|
SAGE
1764
DELISTED
Sage Therapeutics
SAGE
| $7.03M | ﹤0.01% |
120,566
+60,953
| +102% | +$3.02M |
|
|
APOL
1765
DELISTED
Apollo Education Group Inc Class A
APOL
| $7M | ﹤0.01% |
912,124
| – | – |
|
|
TBRG
1766
DELISTED
TruBridge
TBRG
| $6.99M | ﹤0.01% |
140,487
| – | – |
|
|
RP
1767
DELISTED
RealPage, Inc.
RP
| $6.99M | ﹤0.01% |
311,124
+112,453
| +57% | +$2.29M |
|
1768
Westamerica Bancorp
WABC
$1.38B
| $6.97M | ﹤0.01% |
149,093
| – | – |
|
|
EPZM
1769
DELISTED
Epizyme, Inc
EPZM
| $6.93M | ﹤0.01% |
432,631
| – | – |
|
|
HAYN
1770
DELISTED
Haynes International, Inc.
HAYN
| $6.93M | ﹤0.01% |
188,820
| – | – |
|
|
AAV
1771
DELISTED
Advantage Oil & Gas Ltd
AAV
| $6.93M | ﹤0.01% |
1,368,665
+436,000
| +47% | +$2.35M |
|
1772
TherapeuticsMD
TXMD
$25.2M
| $6.92M | ﹤0.01% |
13,356
+11,281
| +544% | +$4.16M |
|
1773
Yelp
YELP
$1.13B
| $6.92M | ﹤0.01% |
240,325
-146,287
| -38% | -$3.84M |
|
1774
Copa Holdings
CPA
$5.23B
| $6.9M | ﹤0.01% |
142,946
-20,585
| -13% | -$1.07M |
|
1775
Stride
LRN
$3.41B
| $6.9M | ﹤0.01% |
783,902
-44,000
| -5% | -$468K |
|
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.