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 | |
|---|---|---|---|---|---|---|
1151
Meritage Homes
MTH
$4.22B
| $21.8M | 0.01% |
926,020
+411,184
| +80% | +$9.29M |
|
|
BDN
1152
Brandywine Realty Trust
BDN
$510M
| $21.7M | 0.01% |
1,631,069
| – | – |
|
1153
National Health Investors
NHI
$3.37B
| $21.6M | 0.01% |
347,219
| – | – |
|
1154
Citizens Financial Group
CFG
$28.2B
| $21.6M | 0.01% |
791,276
-49,919
| -6% | -$1.32M |
|
1155
Popular Inc
BPOP
$10.3B
| $21.6M | 0.01% |
748,680
| – | – |
|
1156
Carpenter Technology
CRS
$20.1B
| $21.6M | 0.01% |
558,046
| – | – |
|
1157
Groupon
GRPN
$771M
| $21.5M | 0.01% |
213,473
| – | – |
|
1158
Helen of Troy
HELE
$632M
| $21.5M | 0.01% |
220,242
-3,240
| -1% | -$285K |
|
1159
Insulet
PODD
$9.64B
| $21.4M | 0.01% |
690,855
+58,355
| +9% | +$1.72M |
|
1160
Integra LifeSciences
IART
$1.24B
| $21.4M | 0.01% |
775,965
| – | – |
|
|
PNY
1161
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $21.3M | 0.01% |
602,988
+3,577
| +0.6% | +$132K |
|
1162
BHP
BHP
$220B
| $21.2M | 0.01% |
585,106
-32,181
| -5% | -$1.3M |
|
|
USG
1163
DELISTED
Usg
USG
| $21.2M | 0.01% |
763,497
| – | – |
|
|
IOC
1164
DELISTED
Interoil Corporation
IOC
| $21.2M | 0.01% |
351,739
| – | – |
|
1165
Oil States International
OIS
$512M
| $21.1M | 0.01% |
567,925
+785
| +0.1% | +$33K |
|
|
CADE
1166
DELISTED
Cadence Bank
CADE
| $21.1M | 0.01% |
819,964
-18,908
| -2% | -$467K |
|
1167
Haemonetics
HAE
$4.95B
| $21.1M | 0.01% |
510,259
| – | – |
|
|
CIE
1168
DELISTED
Cobalt International Energy, Inc
CIE
| $21.1M | 0.01% |
144,761
| – | – |
|
1169
Sinclair Inc
SBGI
$1.01B
| $21M | 0.01% |
754,173
+305,027
| +68% | +$9.21M |
|
|
ABAX
1170
DELISTED
Abaxis Inc
ABAX
| $21M | 0.01% |
408,310
| – | – |
|
1171
Take-Two Interactive
TTWO
$39.2B
| $21M | 0.01% |
761,444
| – | – |
|
1172
Guidewire Software
GWRE
$11.8B
| $21M | 0.01% |
396,552
| – | – |
|
|
INVX
1173
Innovex International
INVX
$2.08B
| $21M | 0.01% |
278,900
| – | – |
|
1174
Wintrust Financial
WTFC
$10B
| $20.9M | 0.01% |
391,800
| – | – |
|
1175
New Jersey Resources
NJR
$5.44B
| $20.8M | 0.01% |
753,984
+400
| +0.1% | +$12K |
|
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.