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 | |
|---|---|---|---|---|---|---|
876
Timken Company
TKR
$8.09B
| $33.1M | 0.02% |
904,313
+52,151
| +6% | +$2.08M |
|
877
Associated Banc-Corp
ASB
$5.62B
| $33.1M | 0.02% |
1,630,976
| – | – |
|
|
AHL
878
DELISTED
ASPEN Insurance Holding Limited
AHL
| $33M | 0.02% |
688,736
-20,600
| -3% | -$977K |
|
|
AAN.A
879
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $32.9M | 0.02% |
907,863
| – | – |
|
880
Urban Edge Properties
UE
$2.53B
| $32.9M | 0.02% |
1,580,535
+1,093,917
| +225% | +$24.6M |
|
881
American Financial Group
AFG
$11.9B
| $32.8M | 0.02% |
504,193
+30,783
| +7% | +$1.99M |
|
882
Dana Inc
DAN
$3.22B
| $32.7M | 0.02% |
1,591,200
+210,590
| +15% | +$4.55M |
|
|
LGF
883
DELISTED
Lions Gate Entertainment
LGF
| $32.7M | 0.02% |
883,101
| – | – |
|
884
Wendy's
WEN
$1.34B
| $32.6M | 0.02% |
2,893,356
| – | – |
|
|
ACC
885
DELISTED
American Campus Communities, Inc.
ACC
| $32.6M | 0.02% |
865,215
+101,054
| +13% | +$4.05M |
|
|
ATHN
886
DELISTED
Athenahealth, Inc.
ATHN
| $32.6M | 0.02% |
284,563
| – | – |
|
887
Dillards
DDS
$10.1B
| $32.6M | 0.02% |
309,736
| – | – |
|
888
Rayonier
RYN
$5.96B
| $32.5M | 0.02% |
1,400,717
+213,667
| +18% | +$5.02M |
|
|
DHC
889
Diversified Healthcare Trust
DHC
$1.92B
| $32.5M | 0.02% |
1,865,987
| – | – |
|
890
Leidos
LDOS
$16.2B
| $32.4M | 0.02% |
803,651
-56,857
| -7% | -$2.39M |
|
|
X
891
DELISTED
US Steel
X
| $32.3M | 0.02% |
1,567,864
+121,556
| +8% | +$2.98M |
|
892
Gaming and Leisure Properties
GLPI
$11.7B
| $32.3M | 0.02% |
880,708
-92,389
| -9% | -$3.39M |
|
893
Avient
AVNT
$3.75B
| $32.3M | 0.02% |
824,055
| – | – |
|
894
RB Global
RBA
$15.6B
| $32.2M | 0.02% |
1,152,558
| – | – |
|
895
Silgan Holdings
SLGN
$4.08B
| $32.1M | 0.02% |
1,216,034
+136,708
| +13% | +$3.79M |
|
|
ESL
896
DELISTED
Esterline Technologies
ESL
| $31.9M | 0.02% |
335,020
| – | – |
|
897
Essential Utilities
WTRG
$11.7B
| $31.9M | 0.02% |
1,303,290
| – | – |
|
898
WaFd
WAFD
$2.43B
| $31.9M | 0.02% |
1,366,910
| – | – |
|
|
SEMG
899
DELISTED
SEMGROUP CORPORATION
SEMG
| $31.9M | 0.02% |
400,943
-85,182
| -18% | -$6.95M |
|
|
CY
900
DELISTED
Cypress Semiconductor
CY
| $31.8M | 0.02% |
2,707,052
+948,029
| +54% | +$12.5M |
|
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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.