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 |
UBS Group
UBS
|
+$2.47B |
| 2 |
AGN
Allergan plc
AGN
|
+$1.01B |
| 3 |
Medtronic
MDT
|
+$862M |
| 4 |
Ameriprise Financial
AMP
|
+$592M |
| 5 |
PayPal
PYPL
|
+$354M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$372M |
| 2 |
eBay
EBAY
|
+$333M |
| 3 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$240M |
| 4 |
Chubb
CB
|
+$202M |
| 5 |
PLL
PALL CORP
PLL
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.09% |
| 2 | Healthcare | 14.17% |
| 3 | Technology | 13.55% |
| 4 | Consumer Discretionary | 9.72% |
| 5 | Industrials | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRSH
276
Marsh
MRSH
$94.3B
| $132M | 0.07% |
2,526,819
+7,328
| +0.3% | +$409K |
|
277
Skyworks Solutions
SWKS
$9.2B
| $132M | 0.07% |
1,565,449
+103,982
| +7% | +$9.51M |
|
|
HES
278
DELISTED
Hess
HES
| $132M | 0.07% |
2,630,078
| – | – |
|
279
Weyerhaeuser
WY
$17.6B
| $131M | 0.07% |
4,809,432
+440,522
| +10% | +$13M |
|
280
Intuitive Surgical
ISRG
$127B
| $131M | 0.07% |
2,566,197
+141,588
| +6% | +$8.02M |
|
|
WRK
281
DELISTED
WestRock Company
WRK
| $131M | 0.07% |
+2,826,151
| New | +$151M |
|
|
SIAL
282
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $131M | 0.07% |
939,556
+20,608
| +2% | +$2.88M |
|
|
PPL
283
PPL Corp
PPL
$26.9B
| $130M | 0.07% |
3,967,384
-494,742
| -11% | -$15.5M |
|
284
PG&E
PCG
$39B
| $130M | 0.07% |
2,466,515
-555,185
| -18% | -$28.4M |
|
285
APA Corp
APA
$13B
| $129M | 0.07% |
3,284,669
+42,553
| +1% | +$1.94M |
|
|
JWN
286
DELISTED
Nordstrom
JWN
| $129M | 0.07% |
1,791,944
+40,043
| +2% | +$3.02M |
|
287
NOV
NOV
$6.84B
| $128M | 0.07% |
3,398,309
| – | – |
|
|
IMS
288
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| $128M | 0.07% |
4,394,723
-879,319
| -17% | -$27M |
|
|
BCR
289
DELISTED
CR Bard Inc.
BCR
| $128M | 0.07% |
684,813
+10,808
| +2% | +$2.05M |
|
290
Viatris
VTRS
$20.8B
| $127M | 0.07% |
+3,160,778
| New | +$176M |
|
291
Paychex
PAYX
$43.4B
| $126M | 0.07% |
2,655,280
+30,582
| +1% | +$1.43M |
|
292
Xylem
XYL
$28.5B
| $126M | 0.07% |
3,839,140
+200,072
| +5% | +$6.73M |
|
293
Best Buy
BBY
$19B
| $126M | 0.07% |
3,387,271
+22,149
| +0.7% | +$759K |
|
294
NVIDIA
NVDA
$4.6T
| $125M | 0.07% |
203,648,240
| – | – |
|
295
Royal Caribbean
RCL
$86.8B
| $124M | 0.07% |
1,396,284
-67,858
| -5% | -$5.95M |
|
|
WCN
296
Waste Connections
WCN
$43.6B
| $124M | 0.07% |
3,830,843
-1,211,898
| -24% | -$39.2M |
|
297
BioMarin Pharmaceuticals
BMRN
$11.9B
| $124M | 0.07% |
1,177,026
+174,011
| +17% | +$23.2M |
|
298
Tyson Foods
TSN
$21.5B
| $124M | 0.06% |
2,869,766
+6,662
| +0.2% | +$284K |
|
299
Gen Digital
GEN
$16.5B
| $123M | 0.06% |
6,303,886
| – | – |
|
300
J.M. Smucker
SJM
$13.5B
| $122M | 0.06% |
1,072,729
+55,794
| +5% | +$6.22M |
|
Similar funds
Norges Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Norges Bank held 2,397 positions worth $191B, down 4.6% from $200B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank deployed $8.74B of net new capital in Q3 2015, opening 123 new positions and adding to 836 existing holdings. Its largest new stake was Allergan plc: 3,274,552 shares worth $890M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was eBay, an estimated $333M trimmed.
- Norges Bank's largest Q3 2015 buy was Allergan plc: 3,274,552 shares worth $890M.
- Norges Bank added most to UBS Group in Q3 2015, an estimated $2.47B increase.
- Norges Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $333M.
- Norges Bank fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $372M.
- Norges Bank's ten largest holdings make up 14% of its $191B portfolio in Q3 2015.
- Norges Bank opened 123 new positions and closed 115 in Q3 2015.
- Norges Bank's portfolio value fell 4.6% quarter-over-quarter to $191B.
Based on Norges Bank's 13F filing for Q3 2015, filed 6 Nov 2015.