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 | |
|---|---|---|---|---|---|---|
1051
Saic
SAIC
$4.95B
| $22.7M | 0.01% |
563,600
-15,000
| -3% | -$729K |
|
|
GCI
1052
DELISTED
Gannett Co., Inc
GCI
| $22.6M | 0.01% |
1,536,640
+609,825
| +66% | +$7.98M |
|
1053
Popular Inc
BPOP
$11.2B
| $22.6M | 0.01% |
748,680
| – | – |
|
|
CCP
1054
DELISTED
Care Capital Properties, Inc.
CCP
| $22.6M | 0.01% |
+687,088
| New | +$22.3M |
|
1055
Bio-Rad Laboratories Class A
BIO
$8.71B
| $22.6M | 0.01% |
167,962
| – | – |
|
1056
Pebblebrook Hotel Trust
PEB
$2.15B
| $22.5M | 0.01% |
636,020
| – | – |
|
1057
Patterson-UTI
PTEN
$3.98B
| $22.5M | 0.01% |
1,715,513
-66,151
| -4% | -$1.05M |
|
1058
DigitalBridge
DBRG
$2.93B
| $22.5M | 0.01% |
392,429
+29,218
| +8% | +$2.05M |
|
1059
Worthington Enterprises
WOR
$2.75B
| $22.5M | 0.01% |
1,376,763
+123,570
| +10% | +$2.01M |
|
1060
Enovis
ENOV
$1.68B
| $22.5M | 0.01% |
436,576
-9,112
| -2% | -$605K |
|
|
MPT
1061
Medical Properties Trust
MPT
$2.77B
| $22.5M | 0.01% |
2,031,424
+295,615
| +17% | +$3.67M |
|
1062
Pilgrim's Pride
PPC
$6.51B
| $22.4M | 0.01% |
1,078,667
+48,054
| +5% | +$1.03M |
|
1063
Ryman Hospitality Properties
RHP
$8.43B
| $22.4M | 0.01% |
455,228
| – | – |
|
|
CHS
1064
DELISTED
Chicos FAS, Inc.
CHS
| $22.4M | 0.01% |
1,424,710
+202,187
| +17% | +$3.13M |
|
1065
Zillow
Z
$7.79B
| $22.4M | 0.01% |
+828,838
| New | +$21.6M |
|
1066
Compass Minerals
CMP
$1.23B
| $22.3M | 0.01% |
284,981
| – | – |
|
1067
Banco Santander
SAN
$201B
| $22.3M | 0.01% |
4,451,147
| – | – |
|
|
NATI
1068
DELISTED
National Instruments Corp
NATI
| $22.3M | 0.01% |
802,395
-45,087
| -5% | -$1.28M |
|
|
HR
1069
DELISTED
Healthcare Realty Trust Incorporated
HR
| $22.2M | 0.01% |
892,609
| – | – |
|
|
TRAK
1070
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $22.1M | 0.01% |
350,382
+169,824
| +94% | +$10.6M |
|
|
AF
1071
DELISTED
Astoria Financial Corporation
AF
| $22.1M | 0.01% |
1,373,712
| – | – |
|
|
PVTB
1072
DELISTED
PrivateBancorp Inc
PVTB
| $22.1M | 0.01% |
576,633
| – | – |
|
1073
LPL Financial
LPLA
$28.3B
| $22.1M | 0.01% |
555,726
| – | – |
|
1074
Regency Centers
REG
$14.7B
| $22.1M | 0.01% |
355,503
+17,221
| +5% | +$1.06M |
|
1075
Targa Resources
TRGP
$58B
| $22M | 0.01% |
427,652
+91,042
| +27% | +$6.66M |
|
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.