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 | |
|---|---|---|---|---|---|---|
|
CTB
926
DELISTED
Cooper Tire & Rubber Co.
CTB
| $27.3M | 0.01% |
691,635
| – | – |
|
927
Douglas Emmett
DEI
$1.98B
| $27.3M | 0.01% |
951,140
| – | – |
|
|
EGN
928
DELISTED
Energen
EGN
| $27.3M | 0.01% |
547,793
| – | – |
|
|
PLCM
929
DELISTED
POLYCOM INC
PLCM
| $27.3M | 0.01% |
2,601,217
+244,186
| +10% | +$2.65M |
|
930
Sensient Technologies
SXT
$5.26B
| $27.2M | 0.01% |
444,514
-600
| -0.1% | -$39.5K |
|
|
WP
931
DELISTED
Worldpay, Inc.
WP
| $27.2M | 0.01% |
606,311
-89,196
| -13% | -$3.85M |
|
|
TWO
932
Two Harbors Investment
TWO
$1.27B
| $27.2M | 0.01% |
385,302
| – | – |
|
|
UNIT
933
Uniti Group
UNIT
$2.36B
| $27.1M | 0.01% |
1,513,874
+47,293
| +3% | +$1.01M |
|
934
Tanger
SKT
$4.67B
| $27M | 0.01% |
820,413
| – | – |
|
|
NSR
935
DELISTED
Neustar Inc
NSR
| $27M | 0.01% |
993,711
| – | – |
|
936
RLJ Lodging Trust
RLJ
$1.86B
| $27M | 0.01% |
1,069,457
-56,412
| -5% | -$1.63M |
|
937
Energizer
ENR
$1.44B
| $27M | 0.01% |
+696,253
| New | +$27.9M |
|
|
MSCC
938
DELISTED
Microsemi Corp
MSCC
| $26.9M | 0.01% |
819,585
| – | – |
|
939
Pool Corp
POOL
$6.75B
| $26.8M | 0.01% |
371,350
| – | – |
|
|
FSP
940
Franklin Street Properties
FSP
$47.2M
| $26.7M | 0.01% |
2,486,109
+1,050,000
| +73% | +$11.7M |
|
|
RDUS
941
DELISTED
Radius Health, Inc.
RDUS
| $26.7M | 0.01% |
385,465
+324,720
| +535% | +$22.6M |
|
942
Cinemark Holdings
CNK
$4.24B
| $26.7M | 0.01% |
821,888
-94,263
| -10% | -$3.51M |
|
|
FMER
943
DELISTED
FIRSTMERIT CORP
FMER
| $26.7M | 0.01% |
1,510,122
| – | – |
|
|
WLL
944
DELISTED
Whiting Petroleum Corporation
WLL
| $26.6M | 0.01% |
5,809
| – | – |
|
945
New Jersey Resources
NJR
$5.84B
| $26.6M | 0.01% |
885,084
+131,100
| +17% | +$3.73M |
|
946
Camden Property Trust
CPT
$11B
| $26.6M | 0.01% |
359,285
+14,399
| +4% | +$1.09M |
|
|
CHMT
947
DELISTED
Chemtura Corporation
CHMT
| $26.5M | 0.01% |
925,917
| – | – |
|
948
PTC
PTC
$15.8B
| $26.5M | 0.01% |
834,389
-16,268
| -2% | -$582K |
|
|
DNY
949
DELISTED
DONNELLEY R R & SONS CO
DNY
| $26.5M | 0.01% |
1,818,696
-92,632
| -5% | -$1.35M |
|
950
Oshkosh
OSK
$8.79B
| $26.5M | 0.01% |
728,597
| – | – |
|
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.