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 | |
|---|---|---|---|---|---|---|
|
SWFT
1226
DELISTED
Swift Transportation Company
SWFT
| $19M | 0.01% |
836,571
+63,345
| +8% | +$1.56M |
|
1227
Commault Systems
CVLT
$6.02B
| $18.9M | 0.01% |
446,817
+17,337
| +4% | +$785K |
|
|
AF
1228
DELISTED
Astoria Financial Corporation
AF
| $18.9M | 0.01% |
1,373,712
| – | – |
|
|
TSG
1229
DELISTED
The Stars Group Inc.
TSG
| $18.9M | 0.01% |
+689,507
| New | +$18.6M |
|
1230
Mueller Industries
MLI
$13.4B
| $18.9M | 0.01% |
2,176,600
-110,588
| -5% | -$988K |
|
1231
Globus Medical
GMED
$10.1B
| $18.9M | 0.01% |
734,999
| – | – |
|
1232
Texas Capital Bancshares
TCBI
$4.14B
| $18.8M | 0.01% |
302,691
| – | – |
|
1233
Monro
MNRO
$381M
| $18.8M | 0.01% |
303,026
+75,091
| +33% | +$4.68M |
|
1234
Applied Industrial Technologies
AIT
$11.6B
| $18.8M | 0.01% |
474,736
+6,772
| +1% | +$288K |
|
1235
Credit Acceptance
CACC
$6.24B
| $18.7M | 0.01% |
75,820
+4,296
| +6% | +$951K |
|
1236
Forum Energy Technologies
FET
$936M
| $18.6M | 0.01% |
45,908
+18,905
| +70% | +$8.11M |
|
1237
Texas Roadhouse
TXRH
$11.2B
| $18.5M | 0.01% |
495,520
-51,605
| -9% | -$1.84M |
|
1238
MKS Inc
MKSI
$15.9B
| $18.5M | 0.01% |
487,312
+27,339
| +6% | +$996K |
|
|
SC
1239
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $18.4M | 0.01% |
721,418
| – | – |
|
|
TPH
1240
DELISTED
Tri Pointe Homes
TPH
| $18.4M | 0.01% |
1,205,414
+900,090
| +295% | +$13.4M |
|
1241
White Mountains Insurance
WTM
$4.92B
| $18.4M | 0.01% |
28,140
-2,400
| -8% | -$1.59M |
|
1242
Yelp
YELP
$1.13B
| $18.4M | 0.01% |
428,313
| – | – |
|
1243
LXP Industrial Trust
LXP
$3.59B
| $18.3M | 0.01% |
431,761
| – | – |
|
1244
Celestica
CLS
$40.8B
| $18.3M | 0.01% |
1,567,167
-87,649
| -5% | -$1.07M |
|
|
INFN
1245
DELISTED
Infinera Corporation Common Stock
INFN
| $18.2M | 0.01% |
865,933
+310,238
| +56% | +$6.31M |
|
|
P
1246
DELISTED
Pandora Media Inc
P
| $18.1M | 0.01% |
1,167,315
| – | – |
|
|
DFT
1247
DELISTED
DuPont Fabros Technology Inc.
DFT
| $18.1M | 0.01% |
615,700
| – | – |
|
|
AWAY
1248
DELISTED
HOMEAWAY INC COM
AWAY
| $18.1M | 0.01% |
580,767
| – | – |
|
1249
Hyatt Hotels
H
$15B
| $18.1M | 0.01% |
318,630
-475
| -0.1% | -$27.6K |
|
1250
Diodes
DIOD
$4.12B
| $18.1M | 0.01% |
749,000
+315,964
| +73% | +$8.41M |
|
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.