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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
SEMI
2126
DELISTED
SunEdison Semiconductor Limited
SEMI
$896K ﹤0.01%
114,277
SN
2127
DELISTED
Sanchez Energy Corporation
SN
$895K ﹤0.01%
207,672
-477,900
-70% -$2.7M
ALLT icon
2128
Allot
ALLT
$362M
$886K ﹤0.01%
153,078
-60,211
-28% -$333K
AFMD
2129
DELISTED
Affimed
AFMD
$858K ﹤0.01%
12,049
UNVR
2130
DELISTED
Univar Solutions Inc.
UNVR
$851K ﹤0.01%
50,000
DDD icon
2131
3D Systems Corp
DDD
$405M
$844K ﹤0.01%
97,099
-16,017
-14% -$165K
RPXC
2132
DELISTED
RPX Corporation
RPXC
$842K ﹤0.01%
76,512
UBNK
2133
DELISTED
United Financial Bancorp, Inc.
UBNK
$815K ﹤0.01%
63,309
PEN icon
2134
Penumbra
PEN
$12.6B
$807K ﹤0.01%
15,000
PBY
2135
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
$798K ﹤0.01%
43,331
+15,000
+53% +$224K
AAIC
2136
DELISTED
Arlington Asset Investment Corp.
AAIC
$793K ﹤0.01%
59,921
-6,300
-10% -$88.5K
RSO
2137
DELISTED
Resource Capital Corp.
RSO
$789K ﹤0.01%
61,805
PGND
2138
DELISTED
PRESS GANEY HOLDINGS INC COM STK (DE)
PGND
$789K ﹤0.01%
25,000
NAV
2139
DELISTED
Navistar International
NAV
$781K ﹤0.01%
88,379
SKM icon
2140
SK Telecom
SKM
$11.4B
$779K ﹤0.01%
23,473
CPSS icon
2141
Consumer Portfolio Services
CPSS
$209M
$774K ﹤0.01%
149,192
-60,300
-29% -$309K
CLF icon
2142
Cleveland-Cliffs
CLF
$6.49B
$770K ﹤0.01%
487,117
-1,055,329
-68% -$2.59M
ARII
2143
DELISTED
American Railcar Industries, Inc.
ARII
$763K ﹤0.01%
16,492
HEES
2144
DELISTED
H&E Equipment Services
HEES
$710K ﹤0.01%
+40,644
New +$746K
YRD
2145
Yiren Digital
YRD
$93.6M
$709K ﹤0.01%
+75,000
New +$715K
CLNE icon
2146
Clean Energy Fuels
CLNE
$416M
$702K ﹤0.01%
195,000
ZVO
2147
DELISTED
Zovio Inc. Common Stock
ZVO
$695K ﹤0.01%
91,294
-25,000
-21% -$199K
SHOE
2148
Shoe Station Group
SHOE
$424M
$688K ﹤0.01%
59,310
-7,932
-12% -$88K
OLLI icon
2149
Ollie's Bargain Outlet
OLLI
$4.31B
$680K ﹤0.01%
40,000
HAFC icon
2150
Hanmi Financial
HAFC
$935M
$676K ﹤0.01%
28,500

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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.