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 | |
|---|---|---|---|---|---|---|
901
Prosperity Bancshares
PB
$8.45B
| $31.7M | 0.02% |
549,499
+41,383
| +8% | +$2.25M |
|
|
WRI
902
DELISTED
Weingarten Realty Investors
WRI
| $31.7M | 0.02% |
969,005
+28,977
| +3% | +$982K |
|
|
STR
903
DELISTED
QUESTAR CORP
STR
| $31.7M | 0.02% |
1,514,103
| – | – |
|
904
Graco
GGG
$12.4B
| $31.5M | 0.02% |
1,332,330
-143,244
| -10% | -$3.45M |
|
|
FMER
905
DELISTED
FIRSTMERIT CORP
FMER
| $31.5M | 0.02% |
1,510,122
+39,244
| +3% | +$780K |
|
906
ASML
ASML
$615B
| $31.3M | 0.02% |
300,403
| – | – |
|
|
SGI
907
Somnigroup International
SGI
$13.5B
| $31.3M | 0.02% |
1,897,680
| – | – |
|
|
BMR
908
DELISTED
BIOMED REALTY TRUST INC
BMR
| $31.2M | 0.02% |
1,615,357
+48,426
| +3% | +$1M |
|
909
MSC Industrial Direct
MSM
$6.73B
| $31.2M | 0.02% |
447,433
+42,977
| +11% | +$3.06M |
|
910
Watsco Inc
WSO
$12.5B
| $31.2M | 0.02% |
252,221
+17,929
| +8% | +$2.23M |
|
911
GoPro
GPRO
$262M
| $31M | 0.02% |
+587,636
| New | +$30.2M |
|
912
Crane NXT
CXT
$2.72B
| $31M | 0.02% |
1,517,826
+71,390
| +5% | +$1.52M |
|
|
ICPT
913
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $30.9M | 0.02% |
128,155
| – | – |
|
|
LHO
914
DELISTED
LaSalle Hotel Properties
LHO
| $30.9M | 0.02% |
872,143
| – | – |
|
|
NBIS
915
Nebius Group N.V.
NBIS
$56.9B
| $30.9M | 0.02% |
2,031,075
| – | – |
|
|
SRC
916
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $30.9M | 0.02% |
712,424
| – | – |
|
917
Oshkosh
OSK
$8.95B
| $30.9M | 0.02% |
728,597
| – | – |
|
|
SNV
918
DELISTED
Synovus
SNV
| $30.8M | 0.02% |
999,569
| – | – |
|
919
CubeSmart
CUBE
$8.94B
| $30.8M | 0.02% |
1,329,356
-28,770
| -2% | -$679K |
|
920
Highwoods Properties
HIW
$3.39B
| $30.8M | 0.02% |
770,319
+35,220
| +5% | +$1.52M |
|
921
Steris
STE
$20.5B
| $30.8M | 0.02% |
477,552
-114,599
| -19% | -$7.73M |
|
|
SFG
922
DELISTED
STANCORP FINL GRP
SFG
| $30.8M | 0.02% |
406,832
| – | – |
|
923
Jack in the Box
JACK
$253M
| $30.7M | 0.02% |
348,591
-14,406
| -4% | -$1.29M |
|
|
CVG
924
DELISTED
Convergys
CVG
| $30.7M | 0.02% |
1,205,055
-24,303
| -2% | -$588K |
|
|
WGL
925
DELISTED
Wgl Holdings
WGL
| $30.7M | 0.02% |
565,523
+17,759
| +3% | +$994K |
|
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.