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 | |
|---|---|---|---|---|---|---|
676
Portland General Electric
POR
$5.64B
| $46M | 0.02% |
1,387,112
| – | – |
|
677
Fortinet
FTNT
$126B
| $46M | 0.02% |
5,564,500
| – | – |
|
|
DRC
678
DELISTED
DRESSER-RAND GROUP INC
DRC
| $46M | 0.02% |
539,723
| – | – |
|
679
AutoNation
AN
$6.47B
| $46M | 0.02% |
729,837
+71,819
| +11% | +$4.56M |
|
680
Middleby
MIDD
$5.1B
| $46M | 0.02% |
409,550
+9,055
| +2% | +$969K |
|
681
ResMed
RMD
$33B
| $45.9M | 0.02% |
814,327
+17,416
| +2% | +$1.1M |
|
682
Service Corp International
SCI
$11B
| $45.8M | 0.02% |
1,557,016
| – | – |
|
683
Hain Celestial
HAIN
$53.7M
| $45.8M | 0.02% |
695,584
| – | – |
|
684
Realty Income
O
$54.2B
| $45.7M | 0.02% |
1,063,017
+286,960
| +37% | +$13.1M |
|
685
Fortune Brands Innovations
FBIN
$4.7B
| $45.7M | 0.02% |
1,167,205
-213,925
| -15% | -$8.38M |
|
|
GG
686
DELISTED
Goldcorp Inc
GG
| $45.6M | 0.02% |
2,810,227
-252,320
| -8% | -$4.6M |
|
|
LVNTA
687
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $45.6M | 0.02% |
1,161,669
+220,771
| +23% | +$9.27M |
|
688
Murphy USA
MUSA
$9.42B
| $45.5M | 0.02% |
814,827
| – | – |
|
|
BRFS
689
DELISTED
BRF SA
BRFS
| $45.3M | 0.02% |
2,168,197
| – | – |
|
|
GAS
690
DELISTED
AGL Resources Inc
GAS
| $45.3M | 0.02% |
972,782
| – | – |
|
691
Live Nation Entertainment
LYV
$39.9B
| $45.2M | 0.02% |
1,645,755
| – | – |
|
692
Tenet Healthcare
THC
$21.4B
| $45.1M | 0.02% |
779,849
+19,066
| +3% | +$974K |
|
693
NCR Voyix
VYX
$991M
| $45.1M | 0.02% |
2,443,822
| – | – |
|
694
Trimble
TRMB
$13.4B
| $45.1M | 0.02% |
1,923,138
| – | – |
|
|
SGEN
695
DELISTED
Seagen Inc. Common Stock
SGEN
| $45.1M | 0.02% |
931,041
| – | – |
|
696
Mid-America Apartment Communities
MAA
$14.2B
| $45M | 0.02% |
618,552
| – | – |
|
697
Carter's
CRI
$1.07B
| $44.9M | 0.02% |
422,465
+10,087
| +2% | +$1.01M |
|
698
Vail Resorts
MTN
$4.99B
| $44.9M | 0.02% |
410,970
+74,670
| +22% | +$7.81M |
|
|
CPN
699
DELISTED
Calpine Corporation
CPN
| $44.8M | 0.02% |
2,490,442
| – | – |
|
700
Oceaneering
OII
$4.65B
| $44.8M | 0.02% |
960,711
| – | – |
|
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.