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 | |
|---|---|---|---|---|---|---|
|
PDS
1301
Precision Drilling
PDS
$1.13B
| $16.5M | 0.01% |
122,963
| – | – |
|
|
HDS
1302
DELISTED
HD Supply Holdings, Inc.
HDS
| $16.5M | 0.01% |
470,205
-39,392
| -8% | -$1.31M |
|
|
CNH
1303
CNH Industrial
CNH
$21.8B
| $16.5M | 0.01% |
2,047,934
-15,994,404
| -89% | -$123M |
|
1304
Invesco Mortgage Capital
IVR
$719M
| $16.4M | 0.01% |
114,761
| – | – |
|
|
BCPC
1305
Balchem Corp
BCPC
$5.35B
| $16.4M | 0.01% |
294,678
+17,531
| +6% | +$1.01M |
|
1306
Korn Ferry
KFY
$4.17B
| $16.4M | 0.01% |
472,117
-32,832
| -7% | -$1.08M |
|
1307
Enova International
ENVA
$4.41B
| $16.4M | 0.01% |
877,877
+555,141
| +172% | +$10.8M |
|
|
SFR
1308
DELISTED
Starwood Waypoint Homes
SFR
| $16.4M | 0.01% |
689,477
-247,036
| -26% | -$6.32M |
|
|
MBFI
1309
DELISTED
MB Financial Corp
MBFI
| $16.3M | 0.01% |
474,342
| – | – |
|
1310
Seaboard Corp
SEB
$4.13B
| $16.3M | 0.01% |
4,532
+649
| +17% | +$2.32M |
|
|
MTOR
1311
DELISTED
MERITOR, Inc.
MTOR
| $16.3M | 0.01% |
1,241,216
+571,843
| +85% | +$7.67M |
|
|
WIN
1312
DELISTED
Windstream Holdings Inc
WIN
| $16.3M | 0.01% |
509,551
-116,258
| -19% | -$5.54M |
|
|
JCP
1313
DELISTED
J.C. Penney Company, Inc.
JCP
| $16.2M | 0.01% |
1,918,469
+472,619
| +33% | +$4.08M |
|
|
SCS
1314
DELISTED
Steelcase
SCS
| $16.2M | 0.01% |
859,021
-80,751
| -9% | -$1.48M |
|
|
FSP
1315
Franklin Street Properties
FSP
$34.7M
| $16.2M | 0.01% |
1,436,109
+411,371
| +40% | +$4.91M |
|
|
VISN
1316
Vistance Networks Inc
VISN
$1.52B
| $16.2M | 0.01% |
532,031
-68,230
| -11% | -$2.07M |
|
1317
New York Times
NYT
$11.5B
| $16.2M | 0.01% |
1,189,113
+55,413
| +5% | +$764K |
|
1318
TFS Financial
TFSL
$4.72B
| $16.2M | 0.01% |
964,175
-115,603
| -11% | -$1.74M |
|
1319
Five Below
FIVE
$13.2B
| $16.2M | 0.01% |
408,976
+165,289
| +68% | +$6M |
|
|
FLTX
1320
DELISTED
Fleetmatics Group PLC
FLTX
| $16.1M | 0.01% |
344,586
+223,464
| +184% | +$9.9M |
|
1321
Idacorp
IDA
$7.71B
| $16.1M | 0.01% |
286,629
| – | – |
|
1322
Brady Corp
BRC
$3.96B
| $16.1M | 0.01% |
649,846
| – | – |
|
1323
RH
RH
$2.45B
| $16.1M | 0.01% |
164,590
| – | – |
|
1324
Ciena
CIEN
$50.9B
| $16.1M | 0.01% |
678,054
+244,582
| +56% | +$5.59M |
|
1325
ABM Industries
ABM
$2.93B
| $16.1M | 0.01% |
488,334
| – | – |
|
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.