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 | |
|---|---|---|---|---|---|---|
726
Jack Henry & Associates
JKHY
$11.1B
| $42.5M | 0.02% |
656,840
-35,906
| -5% | -$2.38M |
|
|
AVNS
727
DELISTED
Avanos Medical
AVNS
| $42.5M | 0.02% |
1,049,263
+11,956
| +1% | +$537K |
|
728
Sally Beauty Holdings
SBH
$1.5B
| $42.5M | 0.02% |
1,344,491
| – | – |
|
729
Methanex
MEOH
$4.76B
| $42.4M | 0.02% |
759,795
-94,908
| -11% | -$5.36M |
|
730
Lincoln Electric
LECO
$13.9B
| $42.3M | 0.02% |
694,635
+31,541
| +5% | +$2.09M |
|
731
Cadence Design Systems
CDNS
$77.1B
| $42.2M | 0.02% |
2,146,452
| – | – |
|
732
Maximus
MMS
$3.02B
| $42.1M | 0.02% |
640,807
+93,534
| +17% | +$6.12M |
|
|
NRF
733
DELISTED
NorthStar Realty Finance Corp.
NRF
| $42.1M | 0.02% |
1,324,486
+234,994
| +22% | +$8.45M |
|
734
Charles River Laboratories
CRL
$13.1B
| $42M | 0.02% |
597,606
| – | – |
|
735
DNOW Inc
DNOW
$2.82B
| $42M | 0.02% |
2,108,457
+40,161
| +2% | +$918K |
|
|
HNT
736
DELISTED
HEALTH NET INC
HNT
| $41.9M | 0.02% |
654,190
| – | – |
|
|
PBCT
737
DELISTED
People's United Financial Inc
PBCT
| $41.9M | 0.02% |
2,585,218
| – | – |
|
738
Gentex
GNTX
$4.7B
| $41.9M | 0.02% |
2,551,543
| – | – |
|
739
Old Republic International
ORI
$9.87B
| $41.7M | 0.02% |
2,666,326
| – | – |
|
740
Revvity
RVTY
$16.3B
| $41.6M | 0.02% |
790,588
| – | – |
|
741
Tyler Technologies
TYL
$14.2B
| $41.6M | 0.02% |
321,176
+43,306
| +16% | +$5.38M |
|
742
Visteon
VC
$2.6B
| $41.5M | 0.02% |
395,415
| – | – |
|
|
BEAV
743
DELISTED
B/E Aerospace Inc
BEAV
| $41.4M | 0.02% |
754,724
-17,334
| -2% | -$1.03M |
|
|
INFA
744
DELISTED
INFORMATICA CORP
INFA
| $41.2M | 0.02% |
850,577
| – | – |
|
|
FCE.A
745
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $41.2M | 0.02% |
1,864,847
+474,645
| +34% | +$11.2M |
|
|
WOOF
746
DELISTED
VCA Inc.
WOOF
| $41.2M | 0.02% |
757,487
| – | – |
|
747
SPX Corp
SPXC
$8.95B
| $41.1M | 0.02% |
2,254,539
+591,087
| +36% | +$11.5M |
|
|
VER
748
DELISTED
VEREIT, Inc.
VER
| $41.1M | 0.02% |
1,011,034
+239,969
| +31% | +$10.8M |
|
|
NE
749
DELISTED
Noble Corporation
NE
| $41.1M | 0.02% |
2,669,766
+267,648
| +11% | +$4.42M |
|
750
Digital Realty Trust
DLR
$67.2B
| $41.1M | 0.02% |
616,024
+78,629
| +15% | +$5.17M |
|
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.