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 | |
|---|---|---|---|---|---|---|
1076
Fulton Financial
FULT
$4.66B
| $22M | 0.01% |
1,819,997
+291,342
| +19% | +$3.67M |
|
1077
Spectrum Brands
SPB
$2.04B
| $22M | 0.01% |
240,473
| – | – |
|
1078
Hawaiian Electric Industries
HE
$2.23B
| $22M | 0.01% |
766,212
+14,135
| +2% | +$415K |
|
1079
Genesco
GCO
$425M
| $22M | 0.01% |
385,097
+75,000
| +24% | +$4.66M |
|
1080
Sanmina
SANM
$9.95B
| $21.9M | 0.01% |
1,025,548
+43,088
| +4% | +$869K |
|
|
CYBX
1081
DELISTED
CYBERONICS INC
CYBX
| $21.9M | 0.01% |
359,594
+28,433
| +9% | +$1.79M |
|
1082
Bank of Hawaii
BOH
$3.15B
| $21.8M | 0.01% |
344,068
-74,006
| -18% | -$4.8M |
|
1083
Steven Madden
SHOO
$3.37B
| $21.8M | 0.01% |
894,029
-108,555
| -11% | -$2.93M |
|
|
NBIS
1084
Nebius Group N.V.
NBIS
$48.3B
| $21.8M | 0.01% |
2,031,075
| – | – |
|
1085
InterDigital
IDCC
$7.87B
| $21.8M | 0.01% |
430,438
| – | – |
|
1086
Moog Inc Class A
MOG.A
$12.4B
| $21.7M | 0.01% |
401,644
| – | – |
|
|
GWR
1087
DELISTED
Genesee & Wyoming Inc.
GWR
| $21.6M | 0.01% |
365,582
| – | – |
|
|
LXK
1088
DELISTED
Lexmark Intl Inc
LXK
| $21.5M | 0.01% |
742,066
+75,677
| +11% | +$2.56M |
|
1089
Cirrus Logic
CRUS
$6.53B
| $21.5M | 0.01% |
681,416
+81,496
| +14% | +$2.5M |
|
1090
Penske Automotive Group
PAG
$14.3B
| $21.5M | 0.01% |
442,973
| – | – |
|
1091
MGIC Investment
MTG
$6.16B
| $21.4M | 0.01% |
2,307,236
| – | – |
|
1092
Western Alliance Bancorporation
WAL
$8.79B
| $21.4M | 0.01% |
695,647
+12,300
| +2% | +$398K |
|
|
POLY
1093
DELISTED
Plantronics, Inc.
POLY
| $21.3M | 0.01% |
419,721
-79,192
| -16% | -$4.33M |
|
|
CEB
1094
DELISTED
CEB Inc.
CEB
| $21.3M | 0.01% |
311,586
| – | – |
|
1095
Terex
TEX
$7.18B
| $21.3M | 0.01% |
1,186,361
| – | – |
|
1096
First Industrial Realty Trust
FR
$8.73B
| $21.2M | 0.01% |
1,013,945
| – | – |
|
1097
Unum
UNM
$13.6B
| $21.2M | 0.01% |
661,418
| – | – |
|
1098
The Mosaic Company
MOS
$7.03B
| $21.2M | 0.01% |
681,002
+84,093
| +14% | +$3.47M |
|
1099
Minerals Technologies
MTX
$2.36B
| $21.2M | 0.01% |
439,266
+99,350
| +29% | +$5.74M |
|
|
CBL
1100
DELISTED
CBL& Associates Properties, Inc.
CBL
| $21.1M | 0.01% |
1,536,288
+68,074
| +5% | +$1.06M |
|
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.