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 | |
|---|---|---|---|---|---|---|
1276
Monolithic Power Systems
MPWR
$70.1B
| $15.7M | 0.01% |
307,300
| – | – |
|
|
MGLN
1277
DELISTED
Magellan Health Services, Inc.
MGLN
| $15.7M | 0.01% |
283,850
| – | – |
|
1278
J&J Snack Foods
JJSF
$1.43B
| $15.7M | 0.01% |
138,210
| – | – |
|
1279
Park National Corp
PRK
$3.76B
| $15.6M | 0.01% |
173,324
-19,604
| -10% | -$1.7M |
|
1280
Evercore
EVR
$12.4B
| $15.6M | 0.01% |
311,131
+20,000
| +7% | +$1.1M |
|
1281
Watts Water Technologies
WTS
$11.5B
| $15.6M | 0.01% |
295,821
-96,216
| -25% | -$5.11M |
|
1282
Korn Ferry
KFY
$4.18B
| $15.6M | 0.01% |
472,117
| – | – |
|
1283
Horace Mann Educators
HMN
$2.1B
| $15.6M | 0.01% |
469,967
+114,674
| +32% | +$3.97M |
|
1284
Puma Biotechnology
PBYI
$404M
| $15.6M | 0.01% |
206,876
-14,247
| -6% | -$1.35M |
|
|
VRE
1285
DELISTED
Veris Residential
VRE
| $15.5M | 0.01% |
823,068
| – | – |
|
1286
Innospec
IOSP
$2.12B
| $15.5M | 0.01% |
333,063
+32,457
| +11% | +$1.49M |
|
|
ESGR
1287
DELISTED
Enstar Group
ESGR
| $15.4M | 0.01% |
102,797
+10,600
| +11% | +$1.64M |
|
|
AWAY
1288
DELISTED
HOMEAWAY INC COM
AWAY
| $15.4M | 0.01% |
580,767
| – | – |
|
1289
Neogen
NEOG
$2.63B
| $15.4M | 0.01% |
910,803
+17,936
| +2% | +$353K |
|
1290
Home BancShares
HOMB
$6.23B
| $15.3M | 0.01% |
757,808
| – | – |
|
|
ALEX
1291
DELISTED
Alexander & Baldwin
ALEX
| $15.3M | 0.01% |
445,950
-59,472
| -12% | -$2.17M |
|
|
INFO
1292
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $15.3M | 0.01% |
526,752
+72,345
| +16% | +$2.01M |
|
1293
B&G Foods
BGS
$287M
| $15.3M | 0.01% |
418,752
| – | – |
|
1294
Brixmor Property Group
BRX
$9.67B
| $15.3M | 0.01% |
649,931
+324,857
| +100% | +$7.74M |
|
1295
Kemper
KMPR
$1.67B
| $15.3M | 0.01% |
431,257
| – | – |
|
|
PSB
1296
DELISTED
PS Business Parks, Inc.
PSB
| $15.2M | 0.01% |
192,023
| – | – |
|
|
CEL
1297
DELISTED
Cellcom Israel, Ltd.
CEL
| $15.2M | 0.01% |
2,436,563
+1,074,232
| +79% | +$6.38M |
|
|
SUNE
1298
DELISTED
SUNEDISON, INC COM
SUNE
| $15.2M | 0.01% |
2,119,721
-2,175,412
| -51% | -$39M |
|
1299
Commault Systems
CVLT
$4.88B
| $15.2M | 0.01% |
446,817
| – | – |
|
1300
Interactive Brokers
IBKR
$39.2B
| $15.1M | 0.01% |
1,534,748
+326,388
| +27% | +$3.36M |
|
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.