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 | |
|---|---|---|---|---|---|---|
|
KKD
1826
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $5.8M | ﹤0.01% |
384,921
+100,000
| +35% | +$1.42M |
|
|
MYCC
1827
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $5.79M | ﹤0.01% |
316,947
+158,677
| +100% | +$3.06M |
|
1828
Daktronics
DAKT
$853M
| $5.75M | ﹤0.01% |
659,753
| – | – |
|
1829
Lumentum
LITE
$75.3B
| $5.72M | ﹤0.01% |
259,674
| – | – |
|
|
RLYP
1830
DELISTED
RELYPSA INC COM
RLYP
| $5.71M | ﹤0.01% |
201,557
+49,690
| +33% | +$1.07M |
|
1831
Altisource Portfolio Solutions
ASPS
$65.2M
| $5.68M | ﹤0.01% |
25,530
| – | – |
|
1832
Marcus & Millichap
MMI
$1.17B
| $5.64M | ﹤0.01% |
193,516
+185,616
| +2,350% | +$6.91M |
|
1833
Wayfair
W
$14.2B
| $5.63M | ﹤0.01% |
118,340
| – | – |
|
|
FRGI
1834
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $5.61M | ﹤0.01% |
167,025
+25,000
| +18% | +$935K |
|
|
EPAY
1835
DELISTED
Bottomline Technologies Inc
EPAY
| $5.59M | ﹤0.01% |
187,889
| – | – |
|
1836
Forrester Research
FORR
$225M
| $5.54M | ﹤0.01% |
194,699
| – | – |
|
|
BRS
1837
DELISTED
Bristow Group, Inc.
BRS
| $5.54M | ﹤0.01% |
214,055
-16,600
| -7% | -$499K |
|
1838
Enviri
NVRI
$606M
| $5.54M | ﹤0.01% |
702,834
| – | – |
|
|
BEL
1839
DELISTED
Belmond Ltd.
BEL
| $5.5M | ﹤0.01% |
579,024
| – | – |
|
|
HOS
1840
Hornbeck Offshore Services, Inc.
HOS
$2.89B
| $5.46M | ﹤0.01% |
1,038,473
| – | – |
|
1841
DXP Enterprises
DXPE
$2.79B
| $5.46M | ﹤0.01% |
239,515
| – | – |
|
1842
Lexicon Pharmaceuticals
LXRX
$894M
| $5.45M | ﹤0.01% |
409,324
+250,655
| +158% | +$3.08M |
|
1843
Greenlight Captial
GLRE
$493M
| $5.43M | ﹤0.01% |
290,489
| – | – |
|
1844
Ezcorp Inc
EZPW
$1.86B
| $5.41M | ﹤0.01% |
1,084,570
-87,200
| -7% | -$516K |
|
1845
CBIZ
CBZ
$2.97B
| $5.41M | ﹤0.01% |
548,400
+487,900
| +806% | +$5.17M |
|
|
AAMI
1846
Acadian Asset Management
AAMI
$3.1B
| $5.4M | ﹤0.01% |
352,028
+129,716
| +58% | +$2M |
|
1847
Quanex
NX
$968M
| $5.34M | ﹤0.01% |
256,250
| – | – |
|
|
EXAM
1848
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
| $5.34M | ﹤0.01% |
200,799
| – | – |
|
1849
Pan American Silver
PAAS
$20.1B
| $5.32M | ﹤0.01% |
819,554
| – | – |
|
|
MDR
1850
DELISTED
McDermott International
MDR
| $5.31M | ﹤0.01% |
528,290
+294,945
| +126% | +$4.04M |
|
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.