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 | |
|---|---|---|---|---|---|---|
1226
Pricesmart
PSMT
$5.98B
| $17M | 0.01% |
220,351
| – | – |
|
|
SVU
1227
DELISTED
SUPERVALU Inc.
SVU
| $17M | 0.01% |
338,573
+30,911
| +10% | +$1.78M |
|
1228
Group 1 Automotive
GPI
$3.42B
| $17M | 0.01% |
199,584
-27,425
| -12% | -$2.47M |
|
|
PF
1229
DELISTED
Pinnacle Foods, Inc.
PF
| $17M | 0.01% |
405,793
+66,707
| +20% | +$3.01M |
|
1230
NorthWestern Energy
NWE
$4.23B
| $16.9M | 0.01% |
314,814
| – | – |
|
|
INFN
1231
DELISTED
Infinera Corporation Common Stock
INFN
| $16.9M | 0.01% |
865,933
| – | – |
|
1232
Meritage Homes
MTH
$4.58B
| $16.9M | 0.01% |
926,020
| – | – |
|
|
MBLY
1233
DELISTED
Mobileye N.V.
MBLY
| $16.9M | 0.01% |
371,534
-85,048
| -19% | -$4.67M |
|
|
HI
1234
DELISTED
Hillenbrand
HI
| $16.8M | 0.01% |
644,159
| – | – |
|
1235
Cal-Maine
CALM
$4.12B
| $16.7M | 0.01% |
306,196
| – | – |
|
|
OPLN
1236
Openlane
OPLN
$4.21B
| $16.7M | 0.01% |
1,244,334
| – | – |
|
1237
American States Water
AWR
$3.36B
| $16.7M | 0.01% |
403,588
+12,834
| +3% | +$495K |
|
|
AXE
1238
DELISTED
Anixter International Inc
AXE
| $16.7M | 0.01% |
288,194
-57,787
| -17% | -$3.62M |
|
|
EVHC
1239
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $16.7M | 0.01% |
151,169
| – | – |
|
|
CSH
1240
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $16.6M | 0.01% |
594,650
+18,809
| +3% | +$503K |
|
1241
BHP
BHP
$215B
| $16.5M | 0.01% |
585,106
| – | – |
|
1242
Haemonetics
HAE
$3.89B
| $16.5M | 0.01% |
510,259
| – | – |
|
1243
Trustmark
TRMK
$2.76B
| $16.4M | 0.01% |
709,633
| – | – |
|
1244
CVR Energy
CVI
$3.58B
| $16.4M | 0.01% |
400,395
+25,291
| +7% | +$1M |
|
|
IBKC
1245
DELISTED
IBERIABANK Corp
IBKC
| $16.4M | 0.01% |
281,495
+67,259
| +31% | +$4.24M |
|
|
DWA
1246
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $16.4M | 0.01% |
939,048
-900
| -0.1% | -$19.5K |
|
|
SAFM
1247
DELISTED
Sanderson Farms Inc
SAFM
| $16.3M | 0.01% |
238,312
| – | – |
|
1248
MKS Inc
MKSI
$20.1B
| $16.3M | 0.01% |
487,312
| – | – |
|
1249
H.B. Fuller
FUL
$2.97B
| $16.3M | 0.01% |
480,778
+128,444
| +36% | +$4.84M |
|
1250
SolarEdge
SEDG
$2.51B
| $16.2M | 0.01% |
708,945
+693,945
| +4,626% | +$19.4M |
|
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.