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 | |
|---|---|---|---|---|---|---|
801
Flowers Foods
FLO
$1.3B
| $38M | 0.02% |
1,797,443
+134,480
| +8% | +$3.02M |
|
|
DNB
802
DELISTED
Dun & Bradstreet
DNB
| $38M | 0.02% |
311,329
| – | – |
|
|
SVC
803
Service Properties Trust
SVC
$857M
| $37.9M | 0.02% |
265,024
+19,840
| +8% | +$3.02M |
|
|
ULTI
804
DELISTED
Ultimate Software Group Inc
ULTI
| $37.9M | 0.02% |
230,458
-36,466
| -14% | -$6.16M |
|
|
SKX
805
DELISTED
Skechers
SKX
| $37.6M | 0.02% |
1,028,067
+305,919
| +42% | +$9.82M |
|
806
Alaska Air
ALK
$4.43B
| $37.6M | 0.02% |
583,488
| – | – |
|
|
AWH
807
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $37.5M | 0.02% |
868,499
-34,747
| -4% | -$1.47M |
|
|
ODP
808
DELISTED
ODP
ODP
| $37.5M | 0.02% |
433,025
+71,415
| +20% | +$6.57M |
|
|
EGN
809
DELISTED
Energen
EGN
| $37.4M | 0.02% |
547,793
| – | – |
|
810
Avis
CAR
$4.13B
| $37.4M | 0.02% |
848,659
| – | – |
|
|
VR
811
DELISTED
Validus Hold Ltd
VR
| $37.3M | 0.02% |
848,821
| – | – |
|
|
SHPG
812
DELISTED
Shire pic
SHPG
| $37.3M | 0.02% |
154,491
| – | – |
|
813
Zions Bancorporation
ZION
$9.56B
| $36.9M | 0.02% |
1,163,607
+521,866
| +81% | +$15.4M |
|
814
Copart
CPRT
$28.5B
| $36.9M | 0.02% |
8,311,312
+453,256
| +6% | +$2.04M |
|
815
Teradyne
TER
$53.3B
| $36.8M | 0.02% |
1,909,100
+196,563
| +11% | +$3.93M |
|
816
Open Text
OTEX
$5.67B
| $36.8M | 0.02% |
1,812,528
| – | – |
|
817
Cinemark Holdings
CNK
$3.94B
| $36.8M | 0.02% |
916,151
+111,096
| +14% | +$4.63M |
|
818
Brown & Brown
BRO
$22B
| $36.8M | 0.02% |
2,238,210
| – | – |
|
|
PNRA
819
DELISTED
Panera Bread Co
PNRA
| $36.8M | 0.02% |
210,406
| – | – |
|
820
Kimco Realty
KIM
$15.2B
| $36.7M | 0.02% |
1,629,526
+165,976
| +11% | +$4.05M |
|
|
BIG
821
DELISTED
Big Lots, Inc.
BIG
| $36.6M | 0.02% |
813,313
-34,221
| -4% | -$1.59M |
|
|
GNC
822
DELISTED
GNC Holdings, Inc.
GNC
| $36.6M | 0.02% |
822,627
+22,188
| +3% | +$1.01M |
|
823
SLM Corp
SLM
$4.75B
| $36.6M | 0.02% |
3,704,359
-96,805
| -3% | -$979K |
|
824
Comscore
SCOR
$78.4M
| $36.6M | 0.02% |
34,315
+1,500
| +5% | +$1.62M |
|
825
NNN REIT
NNN
$7.99B
| $36.5M | 0.02% |
1,043,608
| – | – |
|
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.