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 | |
|---|---|---|---|---|---|---|
|
ACC
801
DELISTED
American Campus Communities, Inc.
ACC
| $33.3M | 0.02% |
918,606
+53,391
| +6% | +$1.95M |
|
802
IQVIA
IQV
$38.7B
| $33.3M | 0.02% |
478,106
+115,097
| +32% | +$8.61M |
|
|
VVC
803
DELISTED
Vectren Corporation
VVC
| $33.3M | 0.02% |
791,706
| – | – |
|
|
GNC
804
DELISTED
GNC Holdings, Inc.
GNC
| $33.3M | 0.02% |
822,627
| – | – |
|
|
BMR
805
DELISTED
BIOMED REALTY TRUST INC
BMR
| $33.2M | 0.02% |
1,663,090
+47,733
| +3% | +$955K |
|
806
Toro Company
TTC
$8.75B
| $33.2M | 0.02% |
941,766
-264,944
| -22% | -$9.19M |
|
|
WRI
807
DELISTED
Weingarten Realty Investors
WRI
| $33.2M | 0.02% |
1,001,674
+32,669
| +3% | +$1.09M |
|
|
SRC
808
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $33.1M | 0.02% |
807,221
+94,797
| +13% | +$4.2M |
|
809
Commerce Bancshares
CBSH
$8.53B
| $33.1M | 0.02% |
1,241,915
-38,739
| -3% | -$1.04M |
|
810
Urban Outfitters
URBN
$6.35B
| $33M | 0.02% |
1,122,709
+126,313
| +13% | +$4.06M |
|
811
Public Storage
PSA
$60.5B
| $32.9M | 0.02% |
155,518
-240,237
| -61% | -$48.9M |
|
812
Rayonier
RYN
$6.55B
| $32.9M | 0.02% |
1,641,472
+240,755
| +17% | +$5.21M |
|
|
DYAX
813
DELISTED
DYAX CORPORATION
DYAX
| $32.8M | 0.02% |
1,718,256
+393,845
| +30% | +$9.4M |
|
814
Maximus
MMS
$3.17B
| $32.8M | 0.02% |
550,125
-90,682
| -14% | -$5.76M |
|
815
WaFd
WAFD
$2.72B
| $32.7M | 0.02% |
1,438,110
+71,200
| +5% | +$1.63M |
|
|
NRF
816
DELISTED
NorthStar Realty Finance Corp.
NRF
| $32.7M | 0.02% |
1,324,486
| – | – |
|
|
EV
817
DELISTED
Eaton Vance Corp.
EV
| $32.7M | 0.02% |
978,778
| – | – |
|
|
DNB
818
DELISTED
Dun & Bradstreet
DNB
| $32.7M | 0.02% |
311,329
| – | – |
|
819
Newmont
NEM
$98.7B
| $32.7M | 0.02% |
2,033,032
| – | – |
|
820
ON Semiconductor
ON
$31.8B
| $32.6M | 0.02% |
3,469,941
| – | – |
|
|
WGL
821
DELISTED
Wgl Holdings
WGL
| $32.6M | 0.02% |
565,028
-495
| -0.1% | -$27.2K |
|
822
Encompass Health
EHC
$11B
| $32.6M | 0.02% |
1,067,426
-2,136
| -0.2% | -$74.4K |
|
823
Leidos
LDOS
$14.5B
| $32.5M | 0.02% |
786,451
-17,200
| -2% | -$718K |
|
|
BCPC
824
Balchem Corp
BCPC
$5.38B
| $32.2M | 0.02% |
529,101
+234,423
| +80% | +$13.6M |
|
825
Silgan Holdings
SLGN
$4.23B
| $32.1M | 0.02% |
1,235,344
+19,310
| +2% | +$510K |
|
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.