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 | |
|---|---|---|---|---|---|---|
1001
Crane NXT
CXT
$2.99B
| $24.6M | 0.01% |
1,517,826
| – | – |
|
1002
Cabot Corp
CBT
$4.54B
| $24.6M | 0.01% |
778,436
+116,276
| +18% | +$4.03M |
|
1003
Molina Healthcare
MOH
$10.2B
| $24.5M | 0.01% |
356,526
+13,533
| +4% | +$1M |
|
1004
Outfront Media
OUT
$5.61B
| $24.5M | 0.01% |
1,198,787
| – | – |
|
|
PDM
1005
Piedmont Realty Trust
PDM
$1.21B
| $24.5M | 0.01% |
1,370,804
| – | – |
|
|
BERY
1006
DELISTED
Berry Global Group, Inc.
BERY
| $24.5M | 0.01% |
887,717
| – | – |
|
|
CIM
1007
Chimera Investment
CIM
$1.04B
| $24.5M | 0.01% |
610,307
| – | – |
|
1008
Thor Industries
THO
$3.9B
| $24.5M | 0.01% |
472,279
+36,288
| +8% | +$1.99M |
|
1009
Landstar System
LSTR
$5.93B
| $24.5M | 0.01% |
385,270
| – | – |
|
1010
Brookdale Senior Living
BKD
$3.49B
| $24.4M | 0.01% |
1,062,945
-36,206
| -3% | -$1.07M |
|
|
MENT
1011
DELISTED
Mentor Graphics Corp
MENT
| $24.4M | 0.01% |
989,879
| – | – |
|
|
VSTO
1012
DELISTED
Vista Outdoor Inc.
VSTO
| $24.3M | 0.01% |
546,141
+41,171
| +8% | +$1.88M |
|
|
PRA
1013
DELISTED
ProAssurance
PRA
| $24.2M | 0.01% |
493,997
| – | – |
|
1014
Avient
AVNT
$3.33B
| $24.2M | 0.01% |
824,055
| – | – |
|
1015
IPG Photonics
IPGP
$3.61B
| $24.1M | 0.01% |
317,439
| – | – |
|
1016
AGNC Investment
AGNC
$12.4B
| $24.1M | 0.01% |
1,287,087
-2,036,666
| -61% | -$39.1M |
|
|
IDTI
1017
DELISTED
Integrated Device Technology I
IDTI
| $24M | 0.01% |
1,183,152
+15,000
| +1% | +$294K |
|
1018
Fair Isaac
FICO
$24.3B
| $23.9M | 0.01% |
283,355
-36,941
| -12% | -$3.26M |
|
1019
Sunstone Hotel Investors
SHO
$2.19B
| $23.9M | 0.01% |
1,808,575
| – | – |
|
1020
John Wiley & Sons Class A
WLY
$2.65B
| $23.9M | 0.01% |
478,163
+14,914
| +3% | +$775K |
|
|
HZNP
1021
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $23.8M | 0.01% |
+1,202,682
| New | +$38M |
|
1022
Manulife Financial
MFC
$73.9B
| $23.7M | 0.01% |
1,541,251
-1,267,746
| -45% | -$21.3M |
|
|
TRCO
1023
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $23.6M | 0.01% |
+663,626
| New | +$29.5M |
|
1024
Allegiant Air
ALGT
$2.64B
| $23.5M | 0.01% |
108,816
| – | – |
|
1025
Wolverine World Wide
WWW
$1.61B
| $23.5M | 0.01% |
1,085,477
+132,622
| +14% | +$3.61M |
|
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.