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 | |
|---|---|---|---|---|---|---|
626
SEI Investments
SEIC
$12.7B
| $51.1M | 0.03% |
1,042,894
+42,590
| +4% | +$2M |
|
627
Arrow Electronics
ARW
$11B
| $51.1M | 0.03% |
915,973
| – | – |
|
|
ESV
628
DELISTED
Ensco Rowan plc
ESV
| $51M | 0.03% |
572,531
+49,597
| +9% | +$4.83M |
|
|
LM
629
DELISTED
Legg Mason, Inc.
LM
| $50.8M | 0.03% |
986,648
| – | – |
|
630
Domino's
DPZ
$10.1B
| $50.7M | 0.03% |
446,701
+18,327
| +4% | +$1.98M |
|
631
Packaging Corp of America
PKG
$20.8B
| $50.5M | 0.03% |
808,516
+32,928
| +4% | +$2.32M |
|
632
Idexx Laboratories
IDXX
$40.9B
| $50.5M | 0.03% |
787,378
+14,512
| +2% | +$1M |
|
633
Carlisle Companies
CSL
$12.9B
| $50.5M | 0.03% |
504,398
| – | – |
|
634
Alliant Energy
LNT
$17.2B
| $50.5M | 0.03% |
1,749,196
| – | – |
|
635
Agnico Eagle Mines
AEM
$101B
| $50.4M | 0.03% |
1,776,107
+4,315
| +0.2% | +$134K |
|
|
ABMD
636
DELISTED
Abiomed Inc
ABMD
| $50.3M | 0.03% |
765,302
| – | – |
|
|
CBI
637
DELISTED
Chicago Bridge & Iron Nv
CBI
| $50.2M | 0.03% |
1,002,509
| – | – |
|
638
AGCO
AGCO
$8.4B
| $50M | 0.03% |
881,458
+28,658
| +3% | +$1.45M |
|
|
CVA
639
DELISTED
Covanta Holding Corporation
CVA
| $50M | 0.03% |
2,359,790
| – | – |
|
640
Jones Lang LaSalle
JLL
$16B
| $49.9M | 0.02% |
291,803
-66,978
| -19% | -$11.3M |
|
641
Genworth Financial
GNW
$3.82B
| $49.9M | 0.02% |
6,589,617
+2,030,897
| +45% | +$16.2M |
|
|
CLR
642
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $49.5M | 0.02% |
1,168,623
| – | – |
|
|
HOUS
643
DELISTED
Anywhere Real Estate
HOUS
| $49.5M | 0.02% |
1,058,493
-105,261
| -9% | -$4.89M |
|
|
RAD
644
DELISTED
Rite Aid Corporation
RAD
| $49.4M | 0.02% |
295,861
-20,317
| -6% | -$3.41M |
|
645
Workday
WDAY
$45.6B
| $49.3M | 0.02% |
645,602
| – | – |
|
646
UGI
UGI
$8.26B
| $49.2M | 0.02% |
1,428,184
| – | – |
|
|
SIRO
647
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $49.1M | 0.02% |
488,848
+20,393
| +4% | +$1.96M |
|
648
CoStar Group
CSGP
$12.5B
| $49.1M | 0.02% |
2,438,770
| – | – |
|
649
Essex Property Trust
ESS
$17.6B
| $48.8M | 0.02% |
229,650
+62,737
| +38% | +$13.9M |
|
650
Old Dominion Freight Line
ODFL
$36.4B
| $48.8M | 0.02% |
2,132,748
+43,851
| +2% | +$1.04M |
|
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.