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 | |
|---|---|---|---|---|---|---|
|
AVNS
826
DELISTED
Avanos Medical
AVNS
| $32.1M | 0.02% |
1,130,127
+80,864
| +8% | +$2.82M |
|
|
FLIR
827
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $32.1M | 0.02% |
1,148,221
| – | – |
|
|
DHC
828
Diversified Healthcare Trust
DHC
$2.15B
| $32.1M | 0.02% |
1,997,001
+131,014
| +7% | +$2.16M |
|
|
STRZA
829
DELISTED
Starz - Series A
STRZA
| $32M | 0.02% |
856,955
+105,000
| +14% | +$4.21M |
|
|
ESL
830
DELISTED
Esterline Technologies
ESL
| $32M | 0.02% |
444,802
+109,782
| +33% | +$9.35M |
|
|
SIX
831
DELISTED
Six Flags Entertainment Corp.
SIX
| $32M | 0.02% |
698,261
+21,906
| +3% | +$1M |
|
832
Sally Beauty Holdings
SBH
$1.43B
| $31.9M | 0.02% |
1,344,491
| – | – |
|
|
SPWR
833
DELISTED
SunPower Corporation Common Stock
SPWR
| $31.9M | 0.02% |
2,428,958
-750,969
| -24% | -$12.1M |
|
834
Kirby Corp
KEX
$7.01B
| $31.9M | 0.02% |
514,133
| – | – |
|
835
PBF Energy
PBF
$8.57B
| $31.8M | 0.02% |
1,128,098
+240,921
| +27% | +$7.3M |
|
|
DST
836
DELISTED
DST Systems Inc.
DST
| $31.8M | 0.02% |
605,038
-84,480
| -12% | -$4.7M |
|
837
Hanover Insurance
THG
$8.1B
| $31.7M | 0.02% |
408,524
+20,000
| +5% | +$1.58M |
|
|
SHPG
838
DELISTED
Shire pic
SHPG
| $31.7M | 0.02% |
154,491
| – | – |
|
839
West Pharmaceutical
WST
$24B
| $31.7M | 0.02% |
585,817
-25,961
| -4% | -$1.51M |
|
840
Euronet Worldwide
EEFT
$2.72B
| $31.6M | 0.02% |
427,153
+18,000
| +4% | +$1.2M |
|
|
SGI
841
Somnigroup International
SGI
$13.7B
| $31.6M | 0.02% |
1,770,444
-127,236
| -7% | -$2.34M |
|
|
TUP
842
DELISTED
Tupperware Brands Corporation
TUP
| $31.5M | 0.02% |
636,925
+77,266
| +14% | +$4.33M |
|
|
SNV
843
DELISTED
Synovus
SNV
| $31.5M | 0.02% |
1,062,941
+63,372
| +6% | +$1.94M |
|
|
SYA
844
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $31.4M | 0.02% |
993,000
-233,675
| -19% | -$6.68M |
|
|
AWH
845
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $31.3M | 0.02% |
819,142
-49,357
| -6% | -$2.05M |
|
|
WCG
846
DELISTED
Wellcare Health Plans, Inc.
WCG
| $31.2M | 0.02% |
361,631
| – | – |
|
847
Portland General Electric
POR
$5.8B
| $31.1M | 0.02% |
841,657
-545,455
| -39% | -$19.2M |
|
848
Steris
STE
$22.3B
| $31M | 0.02% |
477,552
| – | – |
|
849
Brinker International
EAT
$9.17B
| $30.9M | 0.02% |
587,159
-73,695
| -11% | -$4.1M |
|
850
Norwegian Cruise Line
NCLH
$8.51B
| $30.9M | 0.02% |
539,412
-6,299
| -1% | -$371K |
|
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.