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 | |
|---|---|---|---|---|---|---|
1126
Stantec
STN
$8.04B
| $20.1M | 0.01% |
924,820
+107,552
| +13% | +$2.73M |
|
|
BDN
1127
Brandywine Realty Trust
BDN
$524M
| $20.1M | 0.01% |
1,631,069
| – | – |
|
1128
Celestica
CLS
$38.1B
| $20.1M | 0.01% |
1,567,167
| – | – |
|
1129
Boston Beer
SAM
$1.91B
| $20.1M | 0.01% |
95,351
| – | – |
|
1130
National Health Investors
NHI
$3.72B
| $20M | 0.01% |
347,219
| – | – |
|
|
CRC
1131
DELISTED
California Resources Corporation
CRC
| $19.9M | 0.01% |
764,632
+122,711
| +19% | +$4.81M |
|
|
MZTI
1132
The Marzetti Company
MZTI
$2.93B
| $19.8M | 0.01% |
203,451
+12,430
| +7% | +$1.18M |
|
1133
Radian Group
RDN
$5.18B
| $19.8M | 0.01% |
1,243,771
| – | – |
|
1134
Primerica
PRI
$9.98B
| $19.7M | 0.01% |
437,672
-70,222
| -14% | -$3.07M |
|
|
N
1135
DELISTED
Netsuite Inc
N
| $19.7M | 0.01% |
235,023
+10,834
| +5% | +$995K |
|
1136
Coty
COTY
$2.42B
| $19.7M | 0.01% |
726,906
+36,017
| +5% | +$1.02M |
|
|
ANAC
1137
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $19.7M | 0.01% |
+167,093
| New | +$21.8M |
|
1138
Helen of Troy
HELE
$644M
| $19.7M | 0.01% |
220,242
| – | – |
|
1139
Applied Industrial Technologies
AIT
$12.8B
| $19.6M | 0.01% |
514,736
+40,000
| +8% | +$1.58M |
|
|
CLNY
1140
DELISTED
Colony Capital, Inc.
CLNY
| $19.6M | 0.01% |
1,001,603
| – | – |
|
|
BLUE
1141
DELISTED
bluebird bio
BLUE
| $19.6M | 0.01% |
17,671
-862
| -5% | -$1.57M |
|
1142
Insulet
PODD
$11.5B
| $19.6M | 0.01% |
755,748
+64,893
| +9% | +$1.97M |
|
1143
Northwest Natural Holdings
NWN
$2.06B
| $19.5M | 0.01% |
426,376
+154,613
| +57% | +$6.8M |
|
|
CVA
1144
DELISTED
Covanta Holding Corporation
CVA
| $19.5M | 0.01% |
1,117,120
-1,242,670
| -53% | -$24.6M |
|
1145
PRA Group
PRAA
$663M
| $19.5M | 0.01% |
368,085
-101,442
| -22% | -$5.89M |
|
1146
Upbound Group
UPBD
$1.13B
| $19.5M | 0.01% |
802,670
| – | – |
|
1147
Bank OZK
OZK
$5.6B
| $19.5M | 0.01% |
444,594
+71,003
| +19% | +$3.09M |
|
|
ISBC
1148
DELISTED
Investors Bancorp, Inc.
ISBC
| $19.3M | 0.01% |
1,566,662
| – | – |
|
1149
Valmont Industries
VMI
$9.3B
| $19.3M | 0.01% |
203,410
| – | – |
|
1150
Dycom Industries
DY
$12B
| $19.3M | 0.01% |
266,557
| – | – |
|
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.