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 | |
|---|---|---|---|---|---|---|
1901
Petrobras Class A
PBR.A
$125B
| $4.28M | ﹤0.01% |
1,258,403
+258,398
| +26% | +$1.03M |
|
1902
Red Robin
RRGB
$140M
| $4.26M | ﹤0.01% |
69,024
+6,171
| +10% | +$433K |
|
1903
Qualys
QLYS
$6.02B
| $4.24M | ﹤0.01% |
128,150
+126,250
| +6,645% | +$4.45M |
|
|
CWEN.A
1904
DELISTED
Clearway Energy Class A
CWEN.A
| $4.22M | ﹤0.01% |
303,157
| – | – |
|
1905
Tredegar Corp
TG
$232M
| $4.17M | ﹤0.01% |
305,772
| – | – |
|
1906
Tidewater
TDW
$4.49B
| $4.12M | ﹤0.01% |
18,359
+248
| +1% | +$87.4K |
|
|
HNGR
1907
DELISTED
Hanger Inc.
HNGR
| $4.12M | ﹤0.01% |
250,535
| – | – |
|
|
OMED
1908
DELISTED
OncoMed Pharmaceuticals, Inc.
OMED
| $4.11M | ﹤0.01% |
182,357
| – | – |
|
1909
Winnebago Industries
WGO
$792M
| $4.1M | ﹤0.01% |
206,145
+107,653
| +109% | +$2.23M |
|
1910
E.W. Scripps
SSP
$290M
| $4.04M | ﹤0.01% |
212,400
+182,500
| +610% | +$3.73M |
|
1911
Biglari Holdings Class B
BH
$1.14B
| $4.01M | ﹤0.01% |
18,441
| – | – |
|
1912
Gran Tierra Energy
GTE
$383M
| $3.95M | ﹤0.01% |
182,148
+5,840
| +3% | +$139K |
|
|
KRA
1913
DELISTED
Kraton Corporation
KRA
| $3.95M | ﹤0.01% |
237,618
-50,000
| -17% | -$1.02M |
|
|
INFI
1914
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $3.93M | ﹤0.01% |
500,092
| – | – |
|
1915
PENN Entertainment
PENN
$2.4B
| $3.9M | ﹤0.01% |
243,694
-249,829
| -51% | -$4.2M |
|
|
HIFR
1916
DELISTED
InfraREIT, Inc.
HIFR
| $3.9M | ﹤0.01% |
210,651
+48,000
| +30% | +$1.05M |
|
1917
Cohen & Steers
CNS
$3.79B
| $3.9M | ﹤0.01% |
127,789
-25,000
| -16% | -$751K |
|
|
STFC
1918
DELISTED
State Auto Financial Corp
STFC
| $3.89M | ﹤0.01% |
188,931
+10,400
| +6% | +$241K |
|
1919
TETRA Technologies
TTI
$962M
| $3.83M | ﹤0.01% |
509,472
| – | – |
|
|
DTSI
1920
DELISTED
DTS, Inc.
DTSI
| $3.8M | ﹤0.01% |
168,421
| – | – |
|
1921
BancFirst
BANF
$3.74B
| $3.79M | ﹤0.01% |
129,318
| – | – |
|
|
TIVO
1922
DELISTED
TIVO INC
TIVO
| $3.77M | ﹤0.01% |
436,565
| – | – |
|
1923
Enpro
NPO
$6.02B
| $3.73M | ﹤0.01% |
85,102
| – | – |
|
|
BKI
1924
DELISTED
Black Knight, Inc. Common Stock
BKI
| $3.71M | ﹤0.01% |
112,384
+62,784
| +127% | +$2.14M |
|
|
SREV
1925
DELISTED
ServiceSource International, Inc.
SREV
| $3.71M | ﹤0.01% |
805,862
| – | – |
|
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.