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 | |
|---|---|---|---|---|---|---|
701
Sensata Technologies
ST
$6.1B
| $44.7M | 0.02% |
846,752
+180,000
| +27% | +$10.1M |
|
|
WWAV
702
DELISTED
The WhiteWave Foods Company
WWAV
| $44.5M | 0.02% |
910,326
-139,696
| -13% | -$6.55M |
|
703
Teleflex
TFX
$5.42B
| $44.5M | 0.02% |
328,206
| – | – |
|
704
EnerSys
ENS
$6.2B
| $44.5M | 0.02% |
632,431
+117,448
| +23% | +$8.06M |
|
705
AstraZeneca
AZN
$253B
| $44.4M | 0.02% |
697,329
| – | – |
|
706
Cameco
CCJ
$39.6B
| $44.3M | 0.02% |
3,096,309
-118,537
| -4% | -$1.87M |
|
|
PACW
707
DELISTED
PacWest Bancorp
PACW
| $44.3M | 0.02% |
946,959
+143,580
| +18% | +$6.64M |
|
|
TMH
708
DELISTED
Team Health Holdings Inc
TMH
| $43.9M | 0.02% |
672,592
+33,979
| +5% | +$2.05M |
|
709
RenaissanceRe
RNR
$13.6B
| $43.5M | 0.02% |
428,928
-28,930
| -6% | -$2.98M |
|
710
Huntington Bancshares
HBAN
$32B
| $43.5M | 0.02% |
3,848,170
+88,652
| +2% | +$992K |
|
|
DST
711
DELISTED
DST Systems Inc.
DST
| $43.4M | 0.02% |
689,518
-150,574
| -18% | -$8.93M |
|
712
Fossil Group
FOSL
$315M
| $43.4M | 0.02% |
625,649
+134,307
| +27% | +$10.4M |
|
713
Palo Alto Networks
PANW
$307B
| $43.4M | 0.02% |
1,490,304
+9,708
| +0.7% | +$259K |
|
714
Teledyne Technologies
TDY
$27.9B
| $43.3M | 0.02% |
410,678
+68,974
| +20% | +$7.28M |
|
|
FTR
715
DELISTED
Frontier Communications Corp.
FTR
| $43.2M | 0.02% |
582,222
-53,334
| -8% | -$4.76M |
|
716
Equity Lifestyle Properties
ELS
$11.8B
| $43.1M | 0.02% |
1,641,114
+262,448
| +19% | +$7.04M |
|
717
Ziff Davis
ZD
$2.01B
| $43.1M | 0.02% |
730,149
| – | – |
|
718
Howard Hughes
HHH
$3.71B
| $43.1M | 0.02% |
315,207
| – | – |
|
|
NFX
719
DELISTED
Newfield Exploration
NFX
| $43.1M | 0.02% |
1,193,864
| – | – |
|
|
HRC
720
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $42.9M | 0.02% |
790,397
| – | – |
|
721
East-West Bancorp
EWBC
$17.3B
| $42.9M | 0.02% |
956,092
| – | – |
|
722
Toll Brothers
TOL
$12.2B
| $42.7M | 0.02% |
1,117,606
+54,069
| +5% | +$2.02M |
|
|
AVP
723
DELISTED
Avon Products, Inc.
AVP
| $42.7M | 0.02% |
6,816,841
+1,576,923
| +30% | +$11.7M |
|
724
Manhattan Associates
MANH
$12.4B
| $42.6M | 0.02% |
714,740
| – | – |
|
|
DATA
725
DELISTED
Tableau Software, Inc.
DATA
| $42.6M | 0.02% |
369,335
| – | – |
|
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.