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 | |
|---|---|---|---|---|---|---|
|
IMGN
1101
DELISTED
Immunogen Inc
IMGN
| $23.6M | 0.01% |
1,640,389
| – | – |
|
|
SWI
1102
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $23.5M | 0.01% |
510,050
+140,030
| +38% | +$6.88M |
|
1103
Cheesecake Factory
CAKE
$4.83B
| $23.4M | 0.01% |
429,828
-84,837
| -16% | -$4.38M |
|
1104
Compass Minerals
CMP
$1B
| $23.4M | 0.01% |
284,981
-5,661
| -2% | -$499K |
|
|
CTB
1105
DELISTED
Cooper Tire & Rubber Co.
CTB
| $23.4M | 0.01% |
691,635
-29,381
| -4% | -$1.13M |
|
1106
Avista
AVA
$3.08B
| $23.4M | 0.01% |
763,051
+92,090
| +14% | +$2.97M |
|
1107
Radian Group
RDN
$4.67B
| $23.3M | 0.01% |
1,243,771
+273,866
| +28% | +$4.92M |
|
1108
Manitowoc
MTW
$753M
| $23.3M | 0.01% |
1,312,056
+279,887
| +27% | +$5.1M |
|
1109
Asbury Automotive
ABG
$3.5B
| $23.3M | 0.01% |
256,675
-119,747
| -32% | -$10.4M |
|
1110
Eldorado Gold
EGO
$10.6B
| $23.3M | 0.01% |
1,120,851
| – | – |
|
1111
Worthington Enterprises
WOR
$2.88B
| $23.2M | 0.01% |
1,253,193
| – | – |
|
1112
Primerica
PRI
$8.98B
| $23.2M | 0.01% |
507,894
+24,106
| +5% | +$1.13M |
|
|
RGC
1113
DELISTED
Regal Entertainment Group
RGC
| $23.2M | 0.01% |
1,109,093
| – | – |
|
|
SLH
1114
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $23.2M | 0.01% |
519,878
| – | – |
|
1115
Minerals Technologies
MTX
$2.15B
| $23.2M | 0.01% |
339,916
| – | – |
|
|
TRQ
1116
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $23.1M | 0.01% |
608,354
-81,742
| -12% | -$3.36M |
|
1117
Bruker
BRKR
$9.24B
| $23.1M | 0.01% |
1,133,029
| – | – |
|
1118
Papa John's
PZZA
$665M
| $23.1M | 0.01% |
305,818
+22,298
| +8% | +$1.49M |
|
|
THOR
1119
DELISTED
THORATEC CORPORATION
THOR
| $23.1M | 0.01% |
518,196
-189,849
| -27% | -$8.31M |
|
1120
Penske Automotive Group
PAG
$14.1B
| $23.1M | 0.01% |
442,973
| – | – |
|
1121
Western Alliance Bancorporation
WAL
$8.49B
| $23.1M | 0.01% |
683,347
| – | – |
|
|
QLIK
1122
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $23M | 0.01% |
656,925
-13,447
| -2% | -$476K |
|
|
PVTB
1123
DELISTED
PrivateBancorp Inc
PVTB
| $23M | 0.01% |
576,633
-33,224
| -5% | -$1.27M |
|
|
LSI
1124
DELISTED
Life Storage, Inc.
LSI
| $23M | 0.01% |
396,231
| – | – |
|
|
AXLL
1125
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $22.9M | 0.01% |
634,213
-21,549
| -3% | -$859K |
|
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.