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 | |
|---|---|---|---|---|---|---|
|
ECHO
1251
EchoStar
ECHO
$27.1B
| $18M | 0.01% |
457,522
+4,566
| +1% | +$187K |
|
1252
Halozyme
HALO
$12.3B
| $17.9M | 0.01% |
794,752
+54,600
| +7% | +$960K |
|
|
KW
1253
DELISTED
Kennedy-Wilson Holdings
KW
| $17.9M | 0.01% |
729,687
+221,293
| +44% | +$5.66M |
|
|
KG
1254
Kestrel Group
KG
$45.9M
| $17.9M | 0.01% |
56,784
| – | – |
|
1255
Kosmos Energy
KOS
$1.71B
| $17.9M | 0.01% |
2,125,408
+224,719
| +12% | +$2M |
|
|
SAFM
1256
DELISTED
Sanderson Farms Inc
SAFM
| $17.9M | 0.01% |
238,312
| – | – |
|
1257
Silicon Laboratories
SLAB
$7.33B
| $17.9M | 0.01% |
331,091
+50,664
| +18% | +$2.71M |
|
1258
Unifirst Corp
UNF
$4.81B
| $17.9M | 0.01% |
159,820
-12,000
| -7% | -$1.4M |
|
|
EVHC
1259
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $17.9M | 0.01% |
151,169
-67,611
| -31% | -$7.69M |
|
|
CVSA
1260
Covista Inc
CVSA
$4.33B
| $17.9M | 0.01% |
595,945
-71,772
| -11% | -$2.37M |
|
1261
Sprouts Farmers Market
SFM
$6.63B
| $17.8M | 0.01% |
658,880
-106,933
| -14% | -$3.28M |
|
|
KATE
1262
DELISTED
Kate Spade & Company
KATE
| $17.7M | 0.01% |
823,789
| – | – |
|
1263
Trustmark
TRMK
$2.74B
| $17.7M | 0.01% |
709,633
| – | – |
|
|
MW
1264
DELISTED
THE MENS WAREHOUSE INC
MW
| $17.6M | 0.01% |
275,427
-70,000
| -20% | -$4.08M |
|
|
MLNX
1265
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $17.6M | 0.01% |
363,111
+43,654
| +14% | +$2.12M |
|
|
OPLN
1266
Openlane
OPLN
$4.28B
| $17.6M | 0.01% |
1,244,334
+141,452
| +13% | +$2.02M |
|
|
CAA
1267
DELISTED
CalAtlantic Group, Inc.
CAA
| $17.6M | 0.01% |
395,319
+48,662
| +14% | +$2.07M |
|
1268
Acadia Realty Trust
AKR
$2.67B
| $17.6M | 0.01% |
603,287
+101,394
| +20% | +$3.2M |
|
|
IGTE
1269
DELISTED
IGATE CORPORATION
IGTE
| $17.6M | 0.01% |
368,046
+77,367
| +27% | +$3.58M |
|
1270
Glacier Bancorp
GBCI
$5.85B
| $17.5M | 0.01% |
596,138
+30,912
| +5% | +$849K |
|
|
ARGO
1271
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $17.5M | 0.01% |
397,454
+24,488
| +7% | +$1.02M |
|
|
MDRX
1272
DELISTED
Veradigm Inc. Common Stock
MDRX
| $17.5M | 0.01% |
1,279,198
+148,850
| +13% | +$2.01M |
|
|
FCS
1273
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $17.5M | 0.01% |
1,004,697
-196,475
| -16% | -$3.77M |
|
|
SVU
1274
DELISTED
SUPERVALU Inc.
SVU
| $17.4M | 0.01% |
307,662
+21,428
| +7% | +$1.43M |
|
|
MZTI
1275
The Marzetti Company
MZTI
$2.81B
| $17.4M | 0.01% |
191,021
| – | – |
|
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.