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 | |
|---|---|---|---|---|---|---|
|
SRCL
426
DELISTED
Stericycle Inc
SRCL
| $84.9M | 0.04% |
633,767
| – | – |
|
|
PPO
427
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $84.7M | 0.04% |
1,413,899
-170,000
| -11% | -$10.1M |
|
428
Reinsurance Group of America
RGA
$16.2B
| $84.6M | 0.04% |
891,700
+96,279
| +12% | +$9.06M |
|
429
Darden Restaurants
DRI
$23.7B
| $84.5M | 0.04% |
1,329,482
| – | – |
|
430
Masco
MAS
$13.6B
| $84.3M | 0.04% |
3,597,169
| – | – |
|
|
MXIM
431
DELISTED
Maxim Integrated Products
MXIM
| $84.1M | 0.04% |
2,431,249
| – | – |
|
432
Signet Jewelers
SIG
$3.83B
| $83.9M | 0.04% |
653,914
+22,310
| +4% | +$2.99M |
|
433
Annaly Capital Management
NLY
$16.1B
| $83.8M | 0.04% |
2,278,686
| – | – |
|
434
Pembina Pipeline
PBA
$27.5B
| $83.5M | 0.04% |
2,581,258
| – | – |
|
435
Southern Copper
SCCO
$160B
| $83.1M | 0.04% |
3,084,342
+55,590
| +2% | +$1.57M |
|
436
Woodward
WWD
$18.9B
| $82.9M | 0.04% |
1,507,675
+62,332
| +4% | +$3.2M |
|
437
Ball Corp
BALL
$16.1B
| $82.9M | 0.04% |
2,363,306
| – | – |
|
438
C.H. Robinson
CHRW
$18.4B
| $82.6M | 0.04% |
1,323,350
+79,747
| +6% | +$5.25M |
|
439
Ralph Lauren
RL
$20B
| $82.5M | 0.04% |
622,944
+38,928
| +7% | +$5.26M |
|
|
CIT
440
DELISTED
CIT Group Inc.
CIT
| $82.4M | 0.04% |
1,772,307
+207,667
| +13% | +$9.67M |
|
441
DTE Energy
DTE
$27.1B
| $81.8M | 0.04% |
1,287,163
+71,578
| +6% | +$4.79M |
|
442
Ulta Beauty
ULTA
$23.3B
| $81.6M | 0.04% |
528,538
+19,979
| +4% | +$3.07M |
|
|
OCR
443
DELISTED
OMNICARE INC
OCR
| $81.4M | 0.04% |
863,850
+105,979
| +14% | +$9.45M |
|
444
Wynn Resorts
WYNN
$8.93B
| $81.1M | 0.04% |
821,723
+44,571
| +6% | +$5.03M |
|
445
Capri Holdings
CPRI
$1.6B
| $80.9M | 0.04% |
1,920,926
+82,522
| +4% | +$4.65M |
|
446
Ovintiv
OVV
$18.5B
| $80.6M | 0.04% |
1,460,806
+76,443
| +6% | +$4.86M |
|
447
Empire State Realty Trust
ESRT
$732M
| $80.4M | 0.04% |
4,710,048
+398,333
| +9% | +$7.17M |
|
|
AMTD
448
DELISTED
TD Ameritrade Holding Corp
AMTD
| $80.3M | 0.04% |
2,180,469
| – | – |
|
449
Telus
TU
$14.3B
| $80.2M | 0.04% |
4,652,996
-517,048
| -10% | -$8.87M |
|
450
Cincinnati Financial
CINF
$26.3B
| $80.2M | 0.04% |
1,597,347
+19,771
| +1% | +$1.02M |
|
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.