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 |
Wells Fargo
WFC
|
+$290M |
| 2 |
Kilroy Realty
KRC
|
+$273M |
| 3 |
AT&T
T
|
+$271M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$173M |
| 5 |
Ameriprise Financial
AMP
|
+$163M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$2.55B |
| 2 |
Medtronic
MDT
|
+$888M |
| 3 |
AGN
Allergan plc
AGN
|
+$875M |
| 4 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$360M |
| 5 |
Stellantis
STLA
|
+$320M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.27% |
| 2 | Technology | 14.38% |
| 3 | Healthcare | 13.93% |
| 4 | Consumer Discretionary | 9.67% |
| 5 | Industrials | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ALTR
301
DELISTED
Altera Corp
ALTR
| $124M | 0.06% |
2,430,588
| – | – |
|
|
K
302
DELISTED
Kellanova
K
| $124M | 0.06% |
2,109,930
-39,476
| -2% | -$2.36M |
|
303
Kohl's
KSS
$1.85B
| $124M | 0.06% |
1,978,896
+15,359
| +0.8% | +$1.07M |
|
304
Paychex
PAYX
$42.5B
| $123M | 0.06% |
2,624,698
| – | – |
|
305
Whirlpool
WHR
$2.17B
| $123M | 0.06% |
709,118
+10,621
| +2% | +$1.99M |
|
306
Thomson Reuters
TRI
$45B
| $123M | 0.06% |
2,774,783
+214,991
| +8% | +$10.1M |
|
|
HOT
307
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $122M | 0.06% |
1,508,558
+35,757
| +2% | +$2.99M |
|
308
Cheniere Energy
LNG
$56.4B
| $122M | 0.06% |
1,765,437
| – | – |
|
|
TWTR
309
DELISTED
Twitter, Inc.
TWTR
| $122M | 0.06% |
3,372,283
| – | – |
|
310
Tyson Foods
TSN
$18.6B
| $122M | 0.06% |
2,863,104
+23,234
| +0.8% | +$954K |
|
311
Delta Air Lines
DAL
$51.4B
| $122M | 0.06% |
2,968,452
+167,264
| +6% | +$7.31M |
|
|
XL
312
DELISTED
XL Group Ltd.
XL
| $122M | 0.06% |
3,273,791
+651,561
| +25% | +$24.4M |
|
|
BIN
313
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $122M | 0.06% |
4,533,378
-37,922
| -0.8% | -$1.08M |
|
314
Cenovus Energy
CVE
$62.3B
| $121M | 0.06% |
7,555,633
+335,174
| +5% | +$5.84M |
|
|
BBBY
315
DELISTED
Bed Bath & Beyond Inc
BBBY
| $121M | 0.06% |
1,748,209
| – | – |
|
316
Bunge Global
BG
$23.4B
| $118M | 0.06% |
1,349,237
| – | – |
|
317
Xerox
XRX
$446M
| $118M | 0.06% |
4,204,748
-101,200
| -2% | -$3.13M |
|
318
American Airlines Group
AAL
$8.41B
| $117M | 0.06% |
2,936,262
+40,783
| +1% | +$1.86M |
|
|
FITB
319
Fifth Third Bancorp
FITB
$49.6B
| $117M | 0.06% |
5,621,609
-570,738
| -9% | -$11.6M |
|
320
Harley-Davidson
HOG
$2.86B
| $117M | 0.06% |
2,075,478
+172,526
| +9% | +$9.87M |
|
|
ATVI
321
DELISTED
Activision Blizzard
ATVI
| $116M | 0.06% |
4,811,631
+87,700
| +2% | +$2.14M |
|
322
Acuity Brands
AYI
$8.97B
| $116M | 0.06% |
647,025
+8,629
| +1% | +$1.51M |
|
|
MNK
323
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $116M | 0.06% |
986,813
+72,010
| +8% | +$8.88M |
|
324
L3Harris
LHX
$46.8B
| $115M | 0.06% |
1,498,212
+307,008
| +26% | +$24.4M |
|
325
Royal Caribbean
RCL
$67B
| $115M | 0.06% |
1,464,142
| – | – |
|
Similar funds
Norges Bank's Q2 2015 Portfolio in Review
As of Q2 2015, Norges Bank held 2,373 positions worth $200B, down 2% from $204B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q2 2015 filing shows 88 new, 744 increased, 614 reduced and 99 closed positions. Its largest new stake was Uniti Group: 1,466,581 shares worth $36.3M. The largest sale was UBS Group, an estimated $2.55B.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2015 buy was Uniti Group: 1,466,581 shares worth $36.3M.
- Norges Bank added most to Wells Fargo in Q2 2015, an estimated $290M increase.
- Norges Bank's biggest Q2 2015 reduction was UBS Group, cutting an estimated $2.55B.
- Norges Bank fully exited Medtronic in Q2 2015, selling an estimated $888M.
- Norges Bank's ten largest holdings make up 14% of its $200B portfolio in Q2 2015.
- Norges Bank opened 88 new positions and closed 99 in Q2 2015.
- Norges Bank's portfolio value fell 2% quarter-over-quarter to $200B.
Based on Norges Bank's 13F filing for Q2 2015, filed 10 Aug 2015.