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 | |
|---|---|---|---|---|---|---|
|
WWAV
701
DELISTED
The WhiteWave Foods Company
WWAV
| $39.7M | 0.02% |
989,827
+79,501
| +9% | +$3.79M |
|
702
Ryder
R
$9.83B
| $39.7M | 0.02% |
536,379
| – | – |
|
703
Huntington Bancshares
HBAN
$34.4B
| $39.6M | 0.02% |
3,736,955
-111,215
| -3% | -$1.24M |
|
|
TMH
704
DELISTED
Team Health Holdings Inc
TMH
| $39.5M | 0.02% |
730,513
+57,921
| +9% | +$3.62M |
|
|
HNT
705
DELISTED
HEALTH NET INC
HNT
| $39.4M | 0.02% |
654,190
| – | – |
|
|
SCG
706
DELISTED
Scana
SCG
| $39.1M | 0.02% |
695,598
-73,492
| -10% | -$3.94M |
|
707
Brown & Brown
BRO
$23.6B
| $39.1M | 0.02% |
2,524,816
+286,606
| +13% | +$4.7M |
|
|
VER
708
DELISTED
VEREIT, Inc.
VER
| $39M | 0.02% |
1,011,034
| – | – |
|
|
FEIC
709
DELISTED
FEI COMPANY
FEIC
| $39M | 0.02% |
534,091
+63,713
| +14% | +$5.02M |
|
|
FSL
710
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $39M | 0.02% |
1,065,271
+91,506
| +9% | +$3.43M |
|
|
ITC
711
DELISTED
ITC HOLDINGS CORP
ITC
| $39M | 0.02% |
1,168,272
+58,156
| +5% | +$1.94M |
|
|
SNI
712
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $38.9M | 0.02% |
791,558
| – | – |
|
713
First American
FAF
$7.66B
| $38.7M | 0.02% |
991,434
-46,482
| -4% | -$1.84M |
|
714
Range Resources
RRC
$9.38B
| $38.7M | 0.02% |
1,205,672
-30,150
| -2% | -$1.18M |
|
|
LM
715
DELISTED
Legg Mason, Inc.
LM
| $38.7M | 0.02% |
929,836
-56,812
| -6% | -$2.63M |
|
716
Murphy USA
MUSA
$11.2B
| $38.7M | 0.02% |
703,880
-110,947
| -14% | -$5.91M |
|
717
Equity Lifestyle Properties
ELS
$12.6B
| $38.7M | 0.02% |
1,319,838
-321,276
| -20% | -$9.14M |
|
718
CNO Financial Group
CNO
$5.14B
| $38.6M | 0.02% |
2,052,580
-83,705
| -4% | -$1.52M |
|
|
BRFS
719
DELISTED
BRF SA
BRFS
| $38.6M | 0.02% |
2,168,197
| – | – |
|
|
BRSL
720
Brightstar Lottery PLC
BRSL
$1.84B
| $38.5M | 0.02% |
2,510,638
+229,687
| +10% | +$4.07M |
|
721
Cameco
CCJ
$37.6B
| $38.4M | 0.02% |
3,167,979
+71,670
| +2% | +$969K |
|
722
EnerSys
ENS
$6.78B
| $38.3M | 0.02% |
714,105
+81,674
| +13% | +$4.71M |
|
|
VR
723
DELISTED
Validus Hold Ltd
VR
| $38.3M | 0.02% |
848,821
| – | – |
|
|
FTR
724
DELISTED
Frontier Communications Corp.
FTR
| $38.2M | 0.02% |
536,278
-45,944
| -8% | -$3.48M |
|
725
Teradyne
TER
$57.6B
| $38.2M | 0.02% |
2,119,207
+210,107
| +11% | +$3.87M |
|
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.