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 | |
|---|---|---|---|---|---|---|
351
Henry Schein
HSIC
$9.75B
| $103M | 0.05% |
1,843,719
| – | – |
|
|
CTRX
352
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $103M | 0.05% |
1,679,629
-16,732
| -1% | -$1M |
|
|
SE
353
DELISTED
Spectra Energy Corp Wi
SE
| $103M | 0.05% |
3,144,361
| – | – |
|
354
Affiliated Managers Group
AMG
$9B
| $102M | 0.05% |
468,836
+17,968
| +4% | +$4M |
|
|
WBC
355
DELISTED
WABCO HOLDINGS INC.
WBC
| $102M | 0.05% |
827,978
-117,584
| -12% | -$14.8M |
|
356
NVIDIA
NVDA
$5.12T
| $102M | 0.05% |
203,648,240
+3,859,160
| +2% | +$2.09M |
|
357
Ally Financial
ALLY
$12.6B
| $102M | 0.05% |
4,562,410
+210,974
| +5% | +$4.65M |
|
|
SPLS
358
DELISTED
Staples Inc
SPLS
| $102M | 0.05% |
6,683,812
+431,422
| +7% | +$7.02M |
|
359
CGI
GIB
$14.9B
| $102M | 0.05% |
2,609,618
-43,788
| -2% | -$1.89M |
|
360
Qorvo
QRVO
$10.4B
| $102M | 0.05% |
1,271,717
+185,362
| +17% | +$14.4M |
|
|
CTRA
361
DELISTED
Coterra Energy
CTRA
| $102M | 0.05% |
3,225,714
| – | – |
|
362
Check Point Software Technologies
CHKP
$14.1B
| $102M | 0.05% |
1,278,827
| – | – |
|
363
Ametek
AME
$53.8B
| $102M | 0.05% |
1,856,156
| – | – |
|
|
COL
364
DELISTED
Rockwell Collins
COL
| $101M | 0.05% |
1,098,289
-21,674
| -2% | -$2.09M |
|
|
TIF
365
DELISTED
Tiffany & Co.
TIF
| $101M | 0.05% |
1,097,659
+103,205
| +10% | +$9.23M |
|
|
CXO
366
DELISTED
CONCHO RESOURCES INC.
CXO
| $100M | 0.05% |
878,268
+25,115
| +3% | +$3.04M |
|
367
Agilent Technologies
A
$42.4B
| $99.4M | 0.05% |
2,576,597
| – | – |
|
|
FL
368
DELISTED
Foot Locker
FL
| $99.4M | 0.05% |
1,482,994
+47,962
| +3% | +$2.99M |
|
369
Campbell Soup
CPB
$6.37B
| $99.1M | 0.05% |
2,080,209
| – | – |
|
370
Parker-Hannifin
PH
$117B
| $98.6M | 0.05% |
847,465
+58,117
| +7% | +$7.02M |
|
371
Fastenal
FAST
$56.7B
| $98.3M | 0.05% |
9,326,236
+575,816
| +7% | +$6.06M |
|
372
Newell Brands
NWL
$2.4B
| $97.7M | 0.05% |
2,376,720
| – | – |
|
373
Everest Group
EG
$14.6B
| $97.4M | 0.05% |
535,257
+54,898
| +11% | +$9.99M |
|
374
Advance Auto Parts
AAP
$2.62B
| $97.2M | 0.05% |
610,428
| – | – |
|
|
CA
375
DELISTED
CA, Inc.
CA
| $96.9M | 0.05% |
3,308,462
| – | – |
|
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.