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 |
UBS Group
UBS
|
+$2.47B |
| 2 |
AGN
Allergan plc
AGN
|
+$1.01B |
| 3 |
Medtronic
MDT
|
+$862M |
| 4 |
Ameriprise Financial
AMP
|
+$592M |
| 5 |
PayPal
PYPL
|
+$354M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$372M |
| 2 |
eBay
EBAY
|
+$333M |
| 3 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$240M |
| 4 |
Chubb
CB
|
+$202M |
| 5 |
PLL
PALL CORP
PLL
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.09% |
| 2 | Healthcare | 14.17% |
| 3 | Technology | 13.55% |
| 4 | Consumer Discretionary | 9.72% |
| 5 | Industrials | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LPT
676
DELISTED
Liberty Property Trust
LPT
| $41M | 0.02% |
1,301,995
+32,895
| +3% | +$1.07M |
|
|
BMS
677
DELISTED
Bemis
BMS
| $40.9M | 0.02% |
1,032,892
| – | – |
|
678
Teleflex
TFX
$6.05B
| $40.8M | 0.02% |
328,206
| – | – |
|
|
SKX
679
DELISTED
Skechers
SKX
| $40.8M | 0.02% |
911,901
-116,166
| -11% | -$5.28M |
|
|
PNRA
680
DELISTED
Panera Bread Co
PNRA
| $40.7M | 0.02% |
210,406
| – | – |
|
|
PBCT
681
DELISTED
People's United Financial Inc
PBCT
| $40.7M | 0.02% |
2,585,218
| – | – |
|
682
AutoNation
AN
$7.11B
| $40.5M | 0.02% |
695,511
-34,326
| -5% | -$2.09M |
|
|
WPG
683
DELISTED
Washington Prime Group Inc.
WPG
| $40.4M | 0.02% |
384,971
| – | – |
|
684
Open Text
OTEX
$6.15B
| $40.4M | 0.02% |
1,812,528
| – | – |
|
685
O-I Glass
OI
$1.1B
| $40.3M | 0.02% |
1,946,669
-96,828
| -5% | -$2.06M |
|
|
ESV
686
DELISTED
Ensco Rowan plc
ESV
| $40.3M | 0.02% |
715,840
+143,309
| +25% | +$9.87M |
|
687
Owens Corning
OC
$11.2B
| $40.3M | 0.02% |
961,823
| – | – |
|
|
ATHN
688
DELISTED
Athenahealth, Inc.
ATHN
| $40.2M | 0.02% |
301,741
+17,178
| +6% | +$2.24M |
|
689
Jabil
JBL
$33B
| $40.2M | 0.02% |
1,798,325
| – | – |
|
|
BIG
690
DELISTED
Big Lots, Inc.
BIG
| $40.2M | 0.02% |
838,313
+25,000
| +3% | +$1.11M |
|
691
Carter's
CRI
$1.42B
| $40M | 0.02% |
441,838
+19,373
| +5% | +$1.94M |
|
692
AGCO
AGCO
$7.15B
| $40M | 0.02% |
858,595
-22,863
| -3% | -$1.17M |
|
693
Visteon
VC
$2.79B
| $40M | 0.02% |
395,415
| – | – |
|
694
NNN REIT
NNN
$9.04B
| $39.9M | 0.02% |
1,100,984
+57,376
| +5% | +$2.08M |
|
695
Federated Hermes
FHI
$4.55B
| $39.9M | 0.02% |
1,379,688
+205,324
| +17% | +$6.58M |
|
696
Huntsman Corp
HUN
$1.71B
| $39.8M | 0.02% |
4,110,596
| – | – |
|
|
HOUS
697
DELISTED
Anywhere Real Estate
HOUS
| $39.8M | 0.02% |
1,058,493
| – | – |
|
698
Kimco Realty
KIM
$17.2B
| $39.8M | 0.02% |
1,629,526
| – | – |
|
699
Starwood Property Trust
STWD
$5.92B
| $39.8M | 0.02% |
1,939,588
+141,076
| +8% | +$3.05M |
|
|
CBI
700
DELISTED
Chicago Bridge & Iron Nv
CBI
| $39.8M | 0.02% |
1,002,509
| – | – |
|
Similar funds
Norges Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Norges Bank held 2,397 positions worth $191B, down 4.6% from $200B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank deployed $8.74B of net new capital in Q3 2015, opening 123 new positions and adding to 836 existing holdings. Its largest new stake was Allergan plc: 3,274,552 shares worth $890M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was eBay, an estimated $333M trimmed.
- Norges Bank's largest Q3 2015 buy was Allergan plc: 3,274,552 shares worth $890M.
- Norges Bank added most to UBS Group in Q3 2015, an estimated $2.47B increase.
- Norges Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $333M.
- Norges Bank fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $372M.
- Norges Bank's ten largest holdings make up 14% of its $191B portfolio in Q3 2015.
- Norges Bank opened 123 new positions and closed 115 in Q3 2015.
- Norges Bank's portfolio value fell 4.6% quarter-over-quarter to $191B.
Based on Norges Bank's 13F filing for Q3 2015, filed 6 Nov 2015.