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 | |
|---|---|---|---|---|---|---|
|
MENT
1026
DELISTED
Mentor Graphics Corp
MENT
| $26.2M | 0.01% |
989,879
-110,189
| -10% | -$2.8M |
|
1027
First Citizens BancShares
FCNCA
$23.7B
| $26.2M | 0.01% |
99,423
| – | – |
|
|
CXP
1028
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $26.1M | 0.01% |
1,063,261
+207,242
| +24% | +$5.47M |
|
1029
Metallus
MTUS
$799M
| $26.1M | 0.01% |
966,533
-1,002,834
| -51% | -$29.6M |
|
1030
Pool Corp
POOL
$6.1B
| $26.1M | 0.01% |
371,350
-4,021
| -1% | -$274K |
|
|
JNS
1031
DELISTED
Janus Capital Group Inc
JNS
| $26M | 0.01% |
1,520,473
| – | – |
|
|
NUAN
1032
DELISTED
Nuance Communications, Inc.
NUAN
| $26M | 0.01% |
1,716,621
| – | – |
|
1033
Tanger
SKT
$4.11B
| $26M | 0.01% |
820,413
| – | – |
|
|
PPS
1034
DELISTED
Post Properties
PPS
| $25.8M | 0.01% |
475,410
| – | – |
|
1035
LPL Financial
LPLA
$26.2B
| $25.8M | 0.01% |
555,726
+47,114
| +9% | +$2.04M |
|
1036
Puma Biotechnology
PBYI
$485M
| $25.8M | 0.01% |
221,123
+39,011
| +21% | +$7.06M |
|
|
ADVS
1037
DELISTED
Advent Software Inc
ADVS
| $25.8M | 0.01% |
583,566
| – | – |
|
1038
ATI
ATI
$25.8B
| $25.8M | 0.01% |
853,889
| – | – |
|
1039
Landstar System
LSTR
$5.74B
| $25.8M | 0.01% |
385,270
| – | – |
|
1040
SITE Centers
SITC
$153M
| $25.7M | 0.01% |
1,291,113
+182,076
| +16% | +$4.03M |
|
1041
Healthcare Realty
HR
$6.34B
| $25.7M | 0.01% |
1,071,214
+40,667
| +4% | +$1.04M |
|
|
GPOR
1042
DELISTED
Gulfport Energy Corp.
GPOR
| $25.7M | 0.01% |
637,338
+70,000
| +12% | +$3.21M |
|
1043
Douglas Emmett
DEI
$1.74B
| $25.6M | 0.01% |
951,140
| – | – |
|
1044
Camden Property Trust
CPT
$11.7B
| $25.6M | 0.01% |
344,886
+59,862
| +21% | +$4.53M |
|
1045
Mercury Insurance
MCY
$5.65B
| $25.4M | 0.01% |
456,117
+84,711
| +23% | +$4.77M |
|
|
IDTI
1046
DELISTED
Integrated Device Technology I
IDTI
| $25.3M | 0.01% |
1,168,152
| – | – |
|
|
NPBC
1047
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $25.3M | 0.01% |
2,244,286
| – | – |
|
1048
Bio-Rad Laboratories Class A
BIO
$10.1B
| $25.3M | 0.01% |
167,962
| – | – |
|
1049
Euronet Worldwide
EEFT
$2.58B
| $25.2M | 0.01% |
409,153
| – | – |
|
1050
PBF Energy
PBF
$9B
| $25.2M | 0.01% |
887,177
+140,914
| +19% | +$3.96M |
|
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.