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 | 19.23% |
| 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 | |
|---|---|---|---|---|---|---|
201
Welltower
WELL
$173B
| $196M | 0.1% |
2,882,582
+120,211
| +4% | +$7.85M |
|
202
Boston Scientific
BSX
$68.7B
| $195M | 0.1% |
10,552,563
-1,122,700
| -10% | -$20.1M |
|
|
FITB
203
Fifth Third Bancorp
FITB
$51.6B
| $193M | 0.1% |
9,583,817
+1,126,833
| +13% | +$22.3M |
|
|
LNKD
204
DELISTED
LinkedIn Corporation
LNKD
| $192M | 0.1% |
854,717
+43,078
| +5% | +$9.78M |
|
205
Cencora
COR
$61.9B
| $190M | 0.09% |
1,835,535
+19,837
| +1% | +$1.95M |
|
206
Baxter International
BAX
$12.8B
| $189M | 0.09% |
4,965,211
-360,986
| -7% | -$13.2M |
|
|
SBNY
207
DELISTED
Signature Bank
SBNY
| $189M | 0.09% |
1,233,228
+7,188
| +0.6% | +$1.08M |
|
|
BXLT
208
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $189M | 0.09% |
4,842,112
-344,576
| -7% | -$12M |
|
209
Truist Financial
TFC
$64.2B
| $188M | 0.09% |
4,977,686
+269,166
| +6% | +$10.1M |
|
|
PGRE
210
DELISTED
Paramount Group
PGRE
| $187M | 0.09% |
10,336,938
| – | – |
|
211
Illumina
ILMN
$29.4B
| $185M | 0.09% |
989,507
-102,401
| -9% | -$16.5M |
|
212
CMS Energy
CMS
$22.9B
| $184M | 0.09% |
5,098,381
+201,158
| +4% | +$7.17M |
|
213
Liberty Global Class C
LBTYK
$3.47B
| $181M | 0.09% |
5,127,509
-57,076
| -1% | -$2.06M |
|
214
Las Vegas Sands
LVS
$32.1B
| $181M | 0.09% |
4,123,489
+104,965
| +3% | +$4.77M |
|
215
AutoZone
AZO
$51.6B
| $180M | 0.09% |
242,859
+26,249
| +12% | +$20M |
|
216
Estee Lauder
EL
$30.8B
| $180M | 0.09% |
2,042,835
-233,840
| -10% | -$19.9M |
|
217
Norfolk Southern
NSC
$75.4B
| $179M | 0.09% |
2,121,010
| – | – |
|
218
Cummins
CMI
$84.9B
| $178M | 0.09% |
2,023,199
-2,302,853
| -53% | -$230M |
|
219
Tesla
TSLA
$1.2T
| $178M | 0.09% |
11,114,475
+961,215
| +9% | +$14.4M |
|
|
MJN
220
DELISTED
Mead Johnson Nutrition Company
MJN
| $176M | 0.09% |
2,234,019
+61,770
| +3% | +$4.87M |
|
221
Conagra Brands
CAG
$7.41B
| $175M | 0.09% |
5,326,678
+31,176
| +0.6% | +$996K |
|
|
BHI
222
DELISTED
Baker Hughes
BHI
| $175M | 0.09% |
3,782,468
| – | – |
|
223
Sherwin-Williams
SHW
$84.9B
| $174M | 0.09% |
2,010,732
-67,668
| -3% | -$5.85M |
|
224
Dollar General
DG
$28.3B
| $173M | 0.09% |
2,411,129
+342,830
| +17% | +$23.3M |
|
225
Viatris
VTRS
$20.8B
| $173M | 0.09% |
3,199,141
+38,363
| +1% | +$1.84M |
|
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.