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 | |
|---|---|---|---|---|---|---|
|
XXIA
1926
DELISTED
Ixia
XXIA
| $3.71M | ﹤0.01% |
298,619
+138,580
| +87% | +$1.89M |
|
|
WAC
1927
DELISTED
Walter Investment Mgt Corp
WAC
| $3.71M | ﹤0.01% |
260,911
| – | – |
|
|
GHDX
1928
DELISTED
Genomic Health, Inc.
GHDX
| $3.7M | ﹤0.01% |
105,192
-34,435
| -25% | -$922K |
|
|
VTLE
1929
DELISTED
Vital Energy
VTLE
| $3.69M | ﹤0.01% |
23,116
+3,997
| +21% | +$875K |
|
|
IVC
1930
DELISTED
Invacare Corporation
IVC
| $3.69M | ﹤0.01% |
212,428
| – | – |
|
1931
Republic Bancorp
RBCAA
$1.9B
| $3.67M | ﹤0.01% |
138,961
| – | – |
|
|
NGD
1932
DELISTED
New Gold Inc
NGD
| $3.61M | ﹤0.01% |
1,559,047
+56,000
| +4% | +$138K |
|
|
TIVO
1933
DELISTED
Tivo Inc
TIVO
| $3.6M | ﹤0.01% |
216,315
-493,088
| -70% | -$5.54M |
|
|
HTO
1934
H2O America
HTO
$2.63B
| $3.6M | ﹤0.01% |
121,277
| – | – |
|
1935
PTC Therapeutics
PTCT
$5.44B
| $3.57M | ﹤0.01% |
110,291
-67,267
| -38% | -$1.98M |
|
|
EIGI
1936
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $3.57M | ﹤0.01% |
326,222
| – | – |
|
1937
Cogent Communications
CCOI
$462M
| $3.56M | ﹤0.01% |
102,472
-100,000
| -49% | -$3.23M |
|
1938
V2X
VVX
$2.28B
| $3.55M | ﹤0.01% |
170,144
| – | – |
|
1939
Forestar Group
FOR
$1.37B
| $3.53M | ﹤0.01% |
322,750
| – | – |
|
1940
Metallus
MTUS
$780M
| $3.49M | ﹤0.01% |
416,673
| – | – |
|
1941
Zumiez
ZUMZ
$213M
| $3.49M | ﹤0.01% |
230,659
-11,742
| -5% | -$190K |
|
|
DPLO
1942
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $3.45M | ﹤0.01% |
100,904
| – | – |
|
|
TTPH
1943
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $3.44M | ﹤0.01% |
17,162
| – | – |
|
1944
Banco Bilbao Vizcaya Argentaria
BBVA
$158B
| $3.41M | ﹤0.01% |
484,027
+1,119
| +0.2% | +$8.95K |
|
|
MNDT
1945
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $3.38M | ﹤0.01% |
163,186
+131,119
| +409% | +$3.29M |
|
1946
National Healthcare
NHC
$3.52B
| $3.38M | ﹤0.01% |
54,725
| – | – |
|
1947
NN Inc
NNBR
$281M
| $3.37M | ﹤0.01% |
211,663
| – | – |
|
|
BXE
1948
DELISTED
Bellatrix Exploration Ltd.
BXE
| $3.37M | ﹤0.01% |
571,371
| – | – |
|
|
PDLI
1949
DELISTED
PDL BioPharma, Inc.
PDLI
| $3.37M | ﹤0.01% |
951,046
-494,074
| -34% | -$2.07M |
|
1950
Harte-Hanks
HHS
$33.1M
| $3.36M | ﹤0.01% |
103,723
-2,500
| -2% | -$93.6K |
|
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.