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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
PMTS icon
2101
CPI Card Group
PMTS
$239M
$1.07M ﹤0.01%
+20,000
New +$1.08M
MNKD icon
2102
MannKind Corp
MNKD
$1.19B
$1.06M ﹤0.01%
146,515
-265,487
-64% -$3.26M
FOGO
2103
DELISTED
Fogo de Chao, Inc. Common Stock
FOGO
$1.06M ﹤0.01%
69,880
+59,880
+599% +$927K
ATRA icon
2104
Atara Biotherapeutics
ATRA
$72.6M
$1.06M ﹤0.01%
1,600
XNPT
2105
DELISTED
XENOPORT, INC.
XNPT
$1.05M ﹤0.01%
190,476
CCO icon
2106
Clear Channel Outdoor Holdings
CCO
$1.22B
$1.03M ﹤0.01%
184,861
SMRT
2107
DELISTED
Stein Mart Inc
SMRT
$1.01M ﹤0.01%
150,309
-181,719
-55% -$1.45M
CPF icon
2108
Central Pacific Financial
CPF
$1.02B
$998K ﹤0.01%
45,323
IO
2109
DELISTED
ION Geophysical Corporation
IO
$998K ﹤0.01%
132,245
HIL
2110
DELISTED
Hill International, Inc. Common Stock
HIL
$980K ﹤0.01%
252,509
BKCC
2111
DELISTED
BlackRock Capital Investment Corporation
BKCC
$969K ﹤0.01%
103,137
AMCC
2112
DELISTED
Applied Micro Circuits Corporation New
AMCC
$966K ﹤0.01%
151,631
ARI
2113
Apollo Commercial Real Estate
ARI
$864M
$963K ﹤0.01%
55,862
PPP
2114
DELISTED
Primero Mining Corp
PPP
$952K ﹤0.01%
423,641
-48,000
-10% -$115K
QLTI
2115
DELISTED
QLT Inc
QLTI
$932K ﹤0.01%
354,679
GBL
2116
DELISTED
GAMCO Investors, Inc.
GBL
$931K ﹤0.01%
30,004
-25,713
-46% -$822K
KMDA icon
2117
Kamada
KMDA
$404M
$924K ﹤0.01%
217,803
-65,917
-23% -$262K
RMR icon
2118
The RMR Group
RMR
$335M
$917K ﹤0.01%
+63,703
New +$897K
AC
2119
DELISTED
Associated Capital Group
AC
$915K ﹤0.01%
+30,154
New +$942K
UTEK
2120
DELISTED
Ultratech Inc.
UTEK
$909K ﹤0.01%
45,854
WILN
2121
DELISTED
Wi-LAN Inc.
WILN
$903K ﹤0.01%
677,734
VIRT icon
2122
Virtu Financial
VIRT
$5.04B
$901K ﹤0.01%
39,800
CBR
2123
DELISTED
CIBER Inc.
CBR
$899K ﹤0.01%
256,095
-64,800
-20% -$229K
WPRT
2124
Westport Fuel Systems
WPRT
$31.9M
$898K ﹤0.01%
44,852
INWK
2125
DELISTED
InnerWorkings, Inc.
INWK
$897K ﹤0.01%
119,629

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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.