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 | |
|---|---|---|---|---|---|---|
1776
AAR Corp
AIR
$4.67B
| $6.9M | ﹤0.01% |
262,322
| – | – |
|
|
UTIW
1777
DELISTED
UTI WORLDWIDE INC
UTIW
| $6.89M | ﹤0.01% |
979,801
-150,000
| -13% | -$1.02M |
|
|
PRAH
1778
DELISTED
PRA Health Sciences, Inc.
PRAH
| $6.89M | ﹤0.01% |
152,137
+127,597
| +520% | +$5.36M |
|
1779
National Beverage
FIZZ
$2.94B
| $6.85M | ﹤0.01% |
301,658
+20,000
| +7% | +$388K |
|
|
CKH
1780
DELISTED
Seacor Holdings Inc.
CKH
| $6.82M | ﹤0.01% |
134,116
-13,545
| -9% | -$753K |
|
1781
FirstService
FSV
$5.74B
| $6.8M | ﹤0.01% |
169,000
+42,900
| +34% | +$1.58M |
|
1782
Repligen
RGEN
$9.86B
| $6.77M | ﹤0.01% |
239,440
+300
| +0.1% | +$8.65K |
|
1783
The Ensign Group
ENSG
$10.1B
| $6.77M | ﹤0.01% |
+319,875
| New | +$6.73M |
|
|
DGI
1784
DELISTED
DigitalGlobe Inc.
DGI
| $6.77M | ﹤0.01% |
432,416
| – | – |
|
1785
Amkor Technology
AMKR
$11.5B
| $6.76M | ﹤0.01% |
1,112,084
+96,000
| +9% | +$581K |
|
1786
Theravance Biopharma
TBPH
$885M
| $6.74M | ﹤0.01% |
411,390
-378,205
| -48% | -$6M |
|
|
CEMP
1787
DELISTED
Cempra, Inc.
CEMP
| $6.73M | ﹤0.01% |
216,063
+8,642
| +4% | +$241K |
|
|
GNCMA
1788
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $6.71M | ﹤0.01% |
339,486
+30,000
| +10% | +$595K |
|
|
ATW
1789
DELISTED
Atwood Oceanics
ATW
| $6.71M | ﹤0.01% |
656,186
| – | – |
|
|
ITG
1790
DELISTED
Investment Technology Group Inc
ITG
| $6.69M | ﹤0.01% |
393,249
+106,258
| +37% | +$1.85M |
|
|
AXON
1791
Axon Enterprise
AXON
$35.9B
| $6.64M | ﹤0.01% |
383,952
| – | – |
|
|
PRFT
1792
DELISTED
Perficient Inc
PRFT
| $6.61M | ﹤0.01% |
386,297
| – | – |
|
|
SALE
1793
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $6.61M | ﹤0.01% |
666,598
+182,738
| +38% | +$1.76M |
|
|
FOLD
1794
DELISTED
Amicus Therapeutics
FOLD
| $6.6M | ﹤0.01% |
680,030
-98,717
| -13% | -$890K |
|
|
ENV
1795
DELISTED
ENVESTNET, INC.
ENV
| $6.57M | ﹤0.01% |
220,165
| – | – |
|
|
RAVN
1796
DELISTED
Raven Industries Inc
RAVN
| $6.56M | ﹤0.01% |
420,623
| – | – |
|
|
CBM
1797
DELISTED
Cambrex Corporation
CBM
| $6.56M | ﹤0.01% |
139,214
+64,471
| +86% | +$3.1M |
|
1798
OFG Bancorp
OFG
$2.24B
| $6.52M | ﹤0.01% |
890,245
-102,160
| -10% | -$877K |
|
1799
Azenta
AZTA
$1.45B
| $6.5M | ﹤0.01% |
608,117
| – | – |
|
|
AY
1800
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $6.49M | ﹤0.01% |
336,278
| – | – |
|
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.