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 | |
|---|---|---|---|---|---|---|
1051
John Wiley & Sons Class A
WLY
$2.51B
| $25.2M | 0.01% |
463,249
+14,952
| +3% | +$868K |
|
1052
W.P. Carey
WPC
$15.2B
| $25.2M | 0.01% |
435,804
-36,367
| -8% | -$2.27M |
|
1053
Ultragenyx Pharmaceutical
RARE
$1.27B
| $25.2M | 0.01% |
245,645
+223,645
| +1,017% | +$17.4M |
|
|
CIM
1054
Chimera Investment
CIM
$912M
| $25.1M | 0.01% |
610,307
| – | – |
|
|
VRNT
1055
DELISTED
Verint Systems
VRNT
| $25.1M | 0.01% |
810,578
-30,748
| -4% | -$993K |
|
|
BID
1056
DELISTED
Sotheby's
BID
| $25.1M | 0.01% |
554,342
| – | – |
|
1057
Novavax
NVAX
$1.54B
| $25M | 0.01% |
112,405
+12,500
| +13% | +$2.2M |
|
1058
World Kinect Corp
WKC
$1.81B
| $25M | 0.01% |
520,689
+27,469
| +6% | +$1.44M |
|
|
NATI
1059
DELISTED
National Instruments Corp
NATI
| $25M | 0.01% |
847,482
| – | – |
|
1060
Casey's General Stores
CASY
$21.8B
| $24.9M | 0.01% |
260,083
-35,710
| -12% | -$3.18M |
|
|
ENH
1061
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $24.9M | 0.01% |
378,949
| – | – |
|
|
RDC
1062
DELISTED
Rowan Companies Plc
RDC
| $24.9M | 0.01% |
1,178,758
| – | – |
|
|
ACH
1063
Accendra Health
ACH
$82.3M
| $24.9M | 0.01% |
731,795
+60,580
| +9% | +$2.04M |
|
|
ESND
1064
DELISTED
Essendant Inc.
ESND
| $24.8M | 0.01% |
633,047
| – | – |
|
|
PAY
1065
DELISTED
Verifone Systems Inc
PAY
| $24.8M | 0.01% |
731,358
-43,569
| -6% | -$1.58M |
|
|
DWA
1066
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $24.8M | 0.01% |
939,948
-108,069
| -10% | -$2.84M |
|
1067
Extra Space Storage
EXR
$28.8B
| $24.8M | 0.01% |
379,512
-24,259
| -6% | -$1.64M |
|
|
DCT
1068
DELISTED
DCT Industrial Trust Inc.
DCT
| $24.7M | 0.01% |
786,153
| – | – |
|
|
AUY
1069
DELISTED
Yamana Gold, Inc.
AUY
| $24.7M | 0.01% |
8,203,765
| – | – |
|
1070
Graphic Packaging
GPK
$2.86B
| $24.7M | 0.01% |
1,772,809
+71,023
| +4% | +$1.02M |
|
1071
Cabot Corp
CBT
$4.05B
| $24.7M | 0.01% |
662,160
+15,998
| +2% | +$690K |
|
1072
KBR
KBR
$4.61B
| $24.7M | 0.01% |
1,267,370
| – | – |
|
1073
Sun Communities
SUI
$14B
| $24.7M | 0.01% |
399,223
+25,057
| +7% | +$1.59M |
|
1074
Axalta
AXTA
$7.12B
| $24.6M | 0.01% |
+745,162
| New | +$24.6M |
|
|
MFA
1075
MFA Financial
MFA
$854M
| $24.6M | 0.01% |
833,718
| – | – |
|
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.