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 | |
|---|---|---|---|---|---|---|
|
INVX
1251
Innovex International
INVX
$1.96B
| $16.2M | 0.01% |
278,900
| – | – |
|
|
HPY
1252
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $16.2M | 0.01% |
257,537
-25,351
| -9% | -$1.51M |
|
|
CVSA
1253
Covista Inc
CVSA
$4.25B
| $16.2M | 0.01% |
595,945
| – | – |
|
1254
Allison Transmission
ALSN
$9.5B
| $16.2M | 0.01% |
607,439
+89,282
| +17% | +$2.56M |
|
|
AAT
1255
American Assets Trust
AAT
$1.45B
| $16.2M | 0.01% |
396,555
-32,126
| -7% | -$1.29M |
|
1256
Mueller Industries
MLI
$14.7B
| $16.1M | 0.01% |
2,176,600
| – | – |
|
|
FLOW
1257
DELISTED
SPX FLOW, Inc.
FLOW
| $16.1M | 0.01% |
+467,279
| New | +$15.9M |
|
1258
New York Times
NYT
$12.1B
| $16.1M | 0.01% |
1,360,642
+171,529
| +14% | +$2.16M |
|
1259
WisdomTree
WT
$2.96B
| $16.1M | 0.01% |
995,705
+227,847
| +30% | +$4.8M |
|
1260
Diodes
DIOD
$3.78B
| $16M | 0.01% |
749,000
| – | – |
|
|
VISN
1261
Vistance Networks Inc
VISN
$2.65B
| $16M | 0.01% |
532,031
| – | – |
|
1262
SouthState Bank Corp
SSB
$10.2B
| $16M | 0.01% |
207,611
| – | – |
|
|
ECHO
1263
EchoStar
ECHO
$24.4B
| $16M | 0.01% |
457,522
| – | – |
|
1264
Novavax
NVAX
$1.2B
| $15.9M | 0.01% |
112,405
| – | – |
|
|
EFOR
1265
Everforth Inc
EFOR
$1.17B
| $15.9M | 0.01% |
430,344
| – | – |
|
1266
Morningstar
MORN
$7.22B
| $15.9M | 0.01% |
197,722
| – | – |
|
1267
Texas Capital Bancshares
TCBI
$4.3B
| $15.9M | 0.01% |
302,691
| – | – |
|
|
MDRX
1268
DELISTED
Veradigm Inc. Common Stock
MDRX
| $15.9M | 0.01% |
1,279,198
| – | – |
|
|
SCS
1269
DELISTED
Steelcase
SCS
| $15.8M | 0.01% |
859,021
| – | – |
|
1270
Sprouts Farmers Market
SFM
$8.13B
| $15.8M | 0.01% |
748,566
+89,686
| +14% | +$2.06M |
|
|
EQY
1271
DELISTED
Equity One
EQY
| $15.8M | 0.01% |
648,678
| – | – |
|
1272
Manitowoc
MTW
$497M
| $15.8M | 0.01% |
1,161,695
-150,361
| -11% | -$2.32M |
|
1273
Commercial Metals
CMC
$7.6B
| $15.8M | 0.01% |
1,164,678
+275,684
| +31% | +$4.21M |
|
|
X
1274
DELISTED
US Steel
X
| $15.8M | 0.01% |
1,513,820
-54,044
| -3% | -$904K |
|
|
KG
1275
Kestrel Group
KG
$69.4M
| $15.8M | 0.01% |
56,784
| – | – |
|
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.