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 | |
|---|---|---|---|---|---|---|
|
HR
1176
DELISTED
Healthcare Realty Trust Incorporated
HR
| $20.8M | 0.01% |
892,609
| – | – |
|
|
WPX
1177
DELISTED
WPX Energy, Inc.
WPX
| $20.7M | 0.01% |
1,688,179
| – | – |
|
|
TDAY
1178
USA Today Co
TDAY
$951M
| $20.7M | 0.01% |
1,155,402
-261,280
| -18% | -$5.58M |
|
1179
Novartis
NVS
$264B
| $20.7M | 0.01% |
234,639
| – | – |
|
1180
Group 1 Automotive
GPI
$3.13B
| $20.6M | 0.01% |
227,009
+31,460
| +16% | +$2.69M |
|
|
N
1181
DELISTED
Netsuite Inc
N
| $20.6M | 0.01% |
224,189
| – | – |
|
|
DO
1182
DELISTED
Diamond Offshore Drilling
DO
| $20.6M | 0.01% |
796,529
| – | – |
|
1183
Genesco
GCO
$361M
| $20.5M | 0.01% |
310,097
+19,972
| +7% | +$1.37M |
|
1184
Cirrus Logic
CRUS
$5.91B
| $20.4M | 0.01% |
599,920
-338,979
| -36% | -$11.9M |
|
1185
Healthcare Services Group
HCSG
$1.5B
| $20.4M | 0.01% |
615,872
+64,807
| +12% | +$2.04M |
|
|
CHS
1186
DELISTED
Chicos FAS, Inc.
CHS
| $20.3M | 0.01% |
1,222,523
-555,955
| -31% | -$9.48M |
|
1187
Watts Water Technologies
WTS
$11.6B
| $20.3M | 0.01% |
392,037
-185,000
| -32% | -$10.1M |
|
1188
Booz Allen Hamilton
BAH
$9.43B
| $20.3M | 0.01% |
803,479
+98,065
| +14% | +$2.66M |
|
1189
United Bankshares
UBSI
$6.44B
| $20.2M | 0.01% |
502,063
| – | – |
|
|
MDAS
1190
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $20.2M | 0.01% |
914,884
+369,109
| +68% | +$7.7M |
|
1191
Pricesmart
PSMT
$5.15B
| $20.1M | 0.01% |
220,351
| – | – |
|
|
ONIT
1192
Onity Group
ONIT
$285M
| $20.1M | 0.01% |
131,118
-12,254
| -9% | -$1.78M |
|
1193
Element Solutions
ESI
$7.82B
| $20M | 0.01% |
783,290
+704,145
| +890% | +$19M |
|
1194
COPT Defense Properties
CDP
$3.89B
| $20M | 0.01% |
848,497
| – | – |
|
1195
Fulton Financial
FULT
$4.48B
| $20M | 0.01% |
1,528,655
-221,420
| -13% | -$2.81M |
|
1196
Regency Centers
REG
$13.4B
| $20M | 0.01% |
338,282
+78,632
| +30% | +$5.03M |
|
1197
Children's Place
PLCE
$44.9M
| $19.9M | 0.01% |
304,917
| – | – |
|
|
ALEX
1198
DELISTED
Alexander & Baldwin
ALEX
| $19.9M | 0.01% |
505,422
| – | – |
|
|
MGLN
1199
DELISTED
Magellan Health Services, Inc.
MGLN
| $19.9M | 0.01% |
283,850
| – | – |
|
1200
Littelfuse
LFUS
$10.1B
| $19.8M | 0.01% |
209,107
| – | – |
|
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.