We are live on ! Find out more
Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+6.38%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$201B
AUM Growth
+$10.3B
Cap. Flow
+$718M
Cap. Flow %
0.36%
Top 10 Hldgs %
14.3%
Holding
2,329
New
47
Increased
880
Reduced
556
Closed
99

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.65B
2
SYF icon
Synchrony
SYF
+$318M
3
HPE icon
Hewlett Packard
HPE
+$245M
4
AMZN icon
Amazon
AMZN
+$195M
5
PFE icon
Pfizer
PFE
+$128M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.54B
2
MA icon
Mastercard
MA
+$393M
3
CB icon
Chubb
CB
+$261M
4
ORCL icon
Oracle
ORCL
+$257M
5
HPQ icon
HP
HPQ
+$250M

Sector Composition

Rank Sector Weight
1 Financials 19.23%
2 Healthcare 14.67%
3 Technology 13.68%
4 Consumer Discretionary 9.87%
5 Communication Services 9.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
ISCA
2001
DELISTED
International Speedway Corp
ISCA
$2.51M ﹤0.01%
74,516
KEN icon
2002
Kenon Holdings
KEN
$3.33B
$2.49M ﹤0.01%
245,116
-37,880
-13% -$433K
AT
2003
DELISTED
Atlantic Power Corporation
AT
$2.49M ﹤0.01%
1,260,195
+30,441
+2% +$60.5K
NTK
2004
DELISTED
NORTEK INC COM NEW (DE)
NTK
$2.48M ﹤0.01%
56,794
SA
2005
Seabridge Gold
SA
$2.72B
$2.45M ﹤0.01%
297,290
TK icon
2006
Teekay
TK
$996M
$2.44M ﹤0.01%
247,613
-18,000
-7% -$469K
COTY icon
2007
Coty
COTY
$2.4B
$2.44M ﹤0.01%
95,112
-631,794
-87% -$17.6M
BNED icon
2008
Barnes & Noble Education
BNED
$435M
$2.4M ﹤0.01%
2,412
HAPN
2009
Happen Inc
HAPN
$2.14B
$2.38M ﹤0.01%
43,092
-70,396
-62% -$4.67M
GNRT
2010
DELISTED
Gener8 Maritime, Inc.
GNRT
$2.36M ﹤0.01%
250,000
EBF icon
2011
Ennis
EBF
$554M
$2.36M ﹤0.01%
122,724
-13,500
-10% -$263K
GEOS icon
2012
Geospace Technologies
GEOS
$84M
$2.36M ﹤0.01%
167,814
BBOX
2013
DELISTED
Black Box Corp
BBOX
$2.34M ﹤0.01%
245,995
-25,000
-9% -$308K
AG icon
2014
First Majestic Silver
AG
$7.52B
$2.3M ﹤0.01%
708,246
TGH
2015
DELISTED
Textainer Group Holdings limited
TGH
$2.29M ﹤0.01%
161,994
KELYA icon
2016
Kelly Services Class A
KELYA
$548M
$2.26M ﹤0.01%
139,882
SP
2017
DELISTED
SP Plus Corporation
SP
$2.25M ﹤0.01%
93,941
QUAD icon
2018
Quad
QUAD
$479M
$2.23M ﹤0.01%
239,797
-32,000
-12% -$344K
TWI icon
2019
Titan International
TWI
$492M
$2.2M ﹤0.01%
557,561
-1,500
-0.3% -$8.22K
DS
2020
DELISTED
Drive Shack Inc.
DS
$2.19M ﹤0.01%
537,842
-25,000
-4% -$111K
BBG
2021
DELISTED
Bill Barrett Corp
BBG
$2.16M ﹤0.01%
549,763
-55,730
-9% -$286K
RICE
2022
DELISTED
Rice Energy Inc.
RICE
$2.12M ﹤0.01%
194,780
+193,432
+14,350% +$2.67M
IPI icon
2023
Intrepid Potash
IPI
$476M
$2.1M ﹤0.01%
71,251
-2,500
-3% -$105K
ALJ
2024
DELISTED
Alon USA Energy Inc
ALJ
$2.06M ﹤0.01%
139,015
+80,294
+137% +$1.34M
MBT
2025
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
$2.06M ﹤0.01%
332,658

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.