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 | |
|---|---|---|---|---|---|---|
|
MDAS
1176
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $18.4M | 0.01% |
914,884
| – | – |
|
1177
GoPro
GPRO
$130M
| $18.3M | 0.01% |
587,636
| – | – |
|
1178
Valley National Bancorp
VLY
$7.9B
| $18.3M | 0.01% |
1,857,473
-298,304
| -14% | -$2.93M |
|
|
AKRX
1179
DELISTED
Akorn Inc
AKRX
| $18.3M | 0.01% |
641,032
-22,346
| -3% | -$924K |
|
1180
FNB Corp
FNB
$6.73B
| $18.2M | 0.01% |
1,404,400
-175,746
| -11% | -$2.34M |
|
|
AVP
1181
DELISTED
Avon Products, Inc.
AVP
| $18.1M | 0.01% |
5,584,330
-1,232,511
| -18% | -$6.25M |
|
|
EGOV
1182
DELISTED
NIC Inc
EGOV
| $18.1M | 0.01% |
1,024,527
+175,014
| +21% | +$3.2M |
|
1183
Acadia Realty Trust
AKR
$3.09B
| $18.1M | 0.01% |
603,287
| – | – |
|
|
WCC
1184
WESCO International
WCC
$16.7B
| $18.1M | 0.01% |
390,171
| – | – |
|
|
SC
1185
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $18.1M | 0.01% |
885,577
+164,159
| +23% | +$3.78M |
|
|
JE
1186
DELISTED
Just Energy Group Inc
JE
| $18.1M | 0.01% |
89,237
+19,697
| +28% | +$3.63M |
|
1187
Cousins Properties
CUZ
$5.19B
| $18.1M | 0.01% |
693,651
-71,558
| -9% | -$1.97M |
|
|
EE
1188
DELISTED
El Paso Electric Company
EE
| $18M | 0.01% |
489,947
-389
| -0.1% | -$13.9K |
|
1189
Guidewire Software
GWRE
$12.6B
| $18M | 0.01% |
342,647
-53,905
| -14% | -$2.98M |
|
|
ABAX
1190
DELISTED
Abaxis Inc
ABAX
| $18M | 0.01% |
408,310
| – | – |
|
1191
Cable One
CABO
$227M
| $18M | 0.01% |
+42,812
| New | +$17.7M |
|
|
PTLA
1192
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $17.9M | 0.01% |
421,100
+285,966
| +212% | +$13.8M |
|
|
SFLY
1193
DELISTED
Shutterfly, Inc.
SFLY
| $17.9M | 0.01% |
501,429
| – | – |
|
|
CADE
1194
DELISTED
Cadence Bank
CADE
| $17.9M | 0.01% |
751,764
-68,200
| -8% | -$1.68M |
|
1195
COPT Defense Properties
CDP
$4.3B
| $17.8M | 0.01% |
848,497
| – | – |
|
|
DO
1196
DELISTED
Diamond Offshore Drilling
DO
| $17.8M | 0.01% |
1,031,056
+234,527
| +29% | +$5.23M |
|
|
SINA
1197
DELISTED
Sina Corp
SINA
| $17.8M | 0.01% |
444,542
| – | – |
|
|
VRNT
1198
DELISTED
Verint Systems
VRNT
| $17.8M | 0.01% |
810,578
| – | – |
|
1199
Adeia
ADEA
$2.94B
| $17.8M | 0.01% |
2,077,125
+427,140
| +26% | +$3.92M |
|
|
HAWK
1200
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $17.8M | 0.01% |
420,125
| – | – |
|
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.