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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
ARCB icon
2151
ArcBest
ARCB
$3.15B
$666K ﹤0.01%
31,124
SCLN
2152
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
$652K ﹤0.01%
70,887
BBBY
2153
Bed Bath & Beyond
BBBY
$479M
$637K ﹤0.01%
69,090
MTEX icon
2154
Mannatech
MTEX
$9.3M
$628K ﹤0.01%
33,096
CPE
2155
DELISTED
Callon Petroleum Company
CPE
$626K ﹤0.01%
+7,500
New +$655K
INST
2156
DELISTED
Instructure, Inc.
INST
$625K ﹤0.01%
+30,000
New +$585K
AFCO
2157
DELISTED
American Farmland Company
AFCO
$625K ﹤0.01%
+88,800
New +$641K
GLAD icon
2158
Gladstone Capital
GLAD
$427M
$617K ﹤0.01%
42,203
-1,900
-4% -$31.9K
CIVI
2159
DELISTED
Civitas Resources
CIVI
$594K ﹤0.01%
1,011
-2,260
-69% -$1.69M
IBCP icon
2160
Independent Bank Corp
IBCP
$796M
$578K ﹤0.01%
37,969
-110,000
-74% -$1.65M
TIMB icon
2161
TIM SA
TIMB
$9.1B
$566K ﹤0.01%
66,720
XOXO
2162
DELISTED
Xo Group Inc
XOXO
$564K ﹤0.01%
35,100
DMTX
2163
DELISTED
Dimension Therapeutics, Inc
DMTX
$564K ﹤0.01%
+50,000
New +$633K
EHTH icon
2164
eHealth
EHTH
$41.9M
$549K ﹤0.01%
55,000
GILT icon
2165
Gilat Satellite Networks
GILT
$789M
$544K ﹤0.01%
155,084
IAG icon
2166
IAMGOLD
IAG
$8.05B
$525K ﹤0.01%
370,244
-650,000
-64% -$1.06M
FLXN
2167
DELISTED
Flexion Therapeutics, Inc.
FLXN
$499K ﹤0.01%
25,900
-24,100
-48% -$418K
ADAM
2168
Adamas Trust
ADAM
$777M
$497K ﹤0.01%
23,293
TLYS icon
2169
Tilly's
TLYS
$114M
$491K ﹤0.01%
74,080
EVH icon
2170
Evolent Health
EVH
$371M
$484K ﹤0.01%
40,000
CVT
2171
DELISTED
CVENT, INC.
CVT
$482K ﹤0.01%
13,804
-20,000
-59% -$675K
BOOT icon
2172
Boot Barn
BOOT
$4.58B
$480K ﹤0.01%
39,047
ESPR
2173
DELISTED
Esperion Therapeutics
ESPR
$468K ﹤0.01%
21,044
RDEN
2174
DELISTED
ELIZABETH ARDEN INC
RDEN
$459K ﹤0.01%
+46,400
New +$528K
WMC
2175
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$454K ﹤0.01%
4,443

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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.