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 | |
|---|---|---|---|---|---|---|
451
Ashland
ASH
$3.22B
| $79.5M | 0.04% |
1,333,540
| – | – |
|
452
Polaris
PII
$3.29B
| $79.4M | 0.04% |
536,320
+14,286
| +3% | +$2.06M |
|
453
Helmerich & Payne
HP
$4.34B
| $79.3M | 0.04% |
1,125,604
+40,827
| +4% | +$3.02M |
|
454
Centene
CNC
$33.4B
| $79.2M | 0.04% |
1,970,264
-80,514
| -4% | -$2.89M |
|
|
VMRK
455
Vivmark Residential
VMRK
$50.8B
| $79.1M | 0.04% |
1,127,612
+330,040
| +41% | +$24.5M |
|
456
Amdocs
DOX
$6.51B
| $78.6M | 0.04% |
1,439,269
-54,540
| -4% | -$3M |
|
457
Expeditors International
EXPD
$25.2B
| $78.5M | 0.04% |
1,702,021
| – | – |
|
458
Mettler-Toledo International
MTD
$26.7B
| $78.1M | 0.04% |
228,684
| – | – |
|
459
H&R Block
HRB
$5.65B
| $78M | 0.04% |
2,631,987
+94,478
| +4% | +$2.96M |
|
460
Mueller Water Products
MWA
$3.56B
| $78M | 0.04% |
8,566,121
-1,248,011
| -13% | -$12M |
|
|
FDO
461
DELISTED
FAMILY DOLLAR STORES
FDO
| $77.8M | 0.04% |
986,616
+64,206
| +7% | +$5.06M |
|
|
XEC
462
DELISTED
CIMAREX ENERGY CO
XEC
| $77.7M | 0.04% |
704,406
-23,570
| -3% | -$2.82M |
|
463
Vulcan Materials
VMC
$32.3B
| $77.4M | 0.04% |
922,442
| – | – |
|
464
PVH
PVH
$3.3B
| $77.3M | 0.04% |
671,435
| – | – |
|
465
Murphy Oil
MUR
$5.79B
| $77.1M | 0.04% |
1,854,964
| – | – |
|
|
VRN
466
DELISTED
Veren
VRN
| $77M | 0.04% |
3,799,849
-102,553
| -3% | -$2.4M |
|
467
KLA
KLAC
$220B
| $76.9M | 0.04% |
13,673,950
| – | – |
|
468
HF Sinclair
DINO
$20B
| $76.9M | 0.04% |
1,800,376
| – | – |
|
469
T. Rowe Price
TROW
$22.2B
| $76.8M | 0.04% |
988,639
+134,600
| +16% | +$10.9M |
|
470
McCormick & Company Non-Voting
MKC
$13.4B
| $76.5M | 0.04% |
1,891,184
+25,524
| +1% | +$993K |
|
|
KSU
471
DELISTED
Kansas City Southern
KSU
| $75.7M | 0.04% |
830,168
+21,617
| +3% | +$2.13M |
|
472
Sun Life Financial
SLF
$44.8B
| $75.5M | 0.04% |
2,260,185
-850,000
| -27% | -$28M |
|
473
Hartford Financial Services
HIG
$36.8B
| $75.4M | 0.04% |
1,814,751
+96,235
| +6% | +$4.02M |
|
474
United Airlines
UAL
$34.7B
| $75.4M | 0.04% |
1,423,068
+154,083
| +12% | +$8.92M |
|
475
Hexcel
HXL
$6.91B
| $74.9M | 0.04% |
1,506,318
-35,164
| -2% | -$1.77M |
|
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.