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 | |
|---|---|---|---|---|---|---|
|
TRQ
1201
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $17.8M | 0.01% |
699,117
+90,763
| +15% | +$2.89M |
|
|
ARGO
1202
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $17.8M | 0.01% |
397,454
| – | – |
|
1203
Oil States International
OIS
$489M
| $17.7M | 0.01% |
678,674
+110,749
| +20% | +$3.28M |
|
1204
Wintrust Financial
WTFC
$10.8B
| $17.7M | 0.01% |
331,903
-59,897
| -15% | -$3.17M |
|
|
BID
1205
DELISTED
Sotheby's
BID
| $17.7M | 0.01% |
554,342
| – | – |
|
1206
CDW
CDW
$18.9B
| $17.7M | 0.01% |
433,554
| – | – |
|
|
TLN
1207
DELISTED
Talen Energy Corporation
TLN
| $17.7M | 0.01% |
1,749,676
+987,413
| +130% | +$14.5M |
|
|
KW
1208
DELISTED
Kennedy-Wilson Holdings
KW
| $17.6M | 0.01% |
794,721
+65,034
| +9% | +$1.6M |
|
1209
Kite Realty
KRG
$5.81B
| $17.6M | 0.01% |
739,834
+104,423
| +16% | +$2.61M |
|
1210
Children's Place
PLCE
$54.3M
| $17.6M | 0.01% |
304,917
| – | – |
|
|
SYNT
1211
DELISTED
Syntel Inc
SYNT
| $17.5M | 0.01% |
386,797
-15,159
| -4% | -$664K |
|
1212
LXP Industrial Trust
LXP
$3.57B
| $17.5M | 0.01% |
431,761
| – | – |
|
1213
First Financial Bankshares
FFIN
$5.04B
| $17.5M | 0.01% |
1,100,176
| – | – |
|
|
CAB
1214
DELISTED
Cabela's Inc
CAB
| $17.5M | 0.01% |
382,767
-67,244
| -15% | -$3.14M |
|
1215
Ormat Technologies
ORA
$6B
| $17.5M | 0.01% |
514,555
+152,932
| +42% | +$5.66M |
|
1216
Old National Bancorp
ONB
$10.2B
| $17.4M | 0.01% |
1,247,092
+198,615
| +19% | +$2.82M |
|
|
AEL
1217
DELISTED
American Equity Investment Life Holding Company
AEL
| $17.4M | 0.01% |
745,199
+118,900
| +19% | +$3.06M |
|
|
EXAS
1218
DELISTED
Exact Sciences
EXAS
| $17.4M | 0.01% |
964,820
+200,000
| +26% | +$4.59M |
|
1219
Lithia Motors
LAD
$8.47B
| $17.3M | 0.01% |
160,297
+102,542
| +178% | +$11.5M |
|
|
HPP
1220
Hudson Pacific Properties
HPP
$747M
| $17.3M | 0.01% |
85,884
| – | – |
|
|
MDP
1221
DELISTED
Meredith Corporation
MDP
| $17.3M | 0.01% |
406,033
+41,627
| +11% | +$1.98M |
|
|
KS
1222
DELISTED
KapStone Paper and Pack Corp.
KS
| $17.3M | 0.01% |
1,046,850
+89,900
| +9% | +$1.97M |
|
|
GZT
1223
DELISTED
Gazit-globe Ltd
GZT
| $17.1M | 0.01% |
+1,711,240
| New | +$19.2M |
|
|
DMC
1224
Del Monte Corp
DMC
$1.41B
| $17.1M | 0.01% |
431,853
+34,760
| +9% | +$1.35M |
|
|
PNK
1225
DELISTED
Pinnacle Entertainment Inc.
PNK
| $17M | 0.01% |
503,644
+98,834
| +24% | +$3.74M |
|
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.