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 | |
|---|---|---|---|---|---|---|
|
AVTA
1326
DELISTED
Avantax, Inc. Common Stock
AVTA
| $14.5M | 0.01% |
1,054,875
+100,504
| +11% | +$1.44M |
|
|
OVTI
1327
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $14.5M | 0.01% |
553,034
-85,562
| -13% | -$2.13M |
|
|
KATE
1328
DELISTED
Kate Spade & Company
KATE
| $14.5M | 0.01% |
759,382
-64,407
| -8% | -$1.29M |
|
1329
ServiceNow
NOW
$115B
| $14.5M | 0.01% |
1,043,760
-463,445
| -31% | -$6.92M |
|
|
CMBT
1330
CMB.TECH NV
CMBT
$4.69B
| $14.5M | 0.01% |
1,041,480
+419,177
| +67% | +$6.08M |
|
1331
Capitol Federal Financial
CFFN
$1.09B
| $14.5M | 0.01% |
1,195,060
-42,000
| -3% | -$506K |
|
|
CIR
1332
DELISTED
CIRCOR International, Inc
CIR
| $14.5M | 0.01% |
360,675
| – | – |
|
|
NXGN
1333
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $14.5M | 0.01% |
1,158,439
+150,000
| +15% | +$2.06M |
|
1334
Churchill Downs
CHDN
$5.88B
| $14.4M | 0.01% |
646,620
+123,780
| +24% | +$2.74M |
|
|
CHSP
1335
DELISTED
Chesapeake Lodging Trust
CHSP
| $14.4M | 0.01% |
552,178
| – | – |
|
|
DF
1336
DELISTED
Dean Foods Company
DF
| $14.4M | 0.01% |
869,128
| – | – |
|
1337
BGC Group
BGC
$5.45B
| $14.3M | 0.01% |
2,711,278
+174,927
| +7% | +$1.02M |
|
|
CIE
1338
DELISTED
Cobalt International Energy, Inc
CIE
| $14.3M | 0.01% |
134,602
-10,159
| -7% | -$1.24M |
|
1339
Texas Roadhouse
TXRH
$13.5B
| $14.2M | 0.01% |
382,742
-112,778
| -23% | -$4.26M |
|
|
EVER
1340
DELISTED
Everbank Financial Corp
EVER
| $14.2M | 0.01% |
736,791
-25,000
| -3% | -$496K |
|
|
GK
1341
DELISTED
G&K Services Inc
GK
| $14.2M | 0.01% |
212,989
-10,663
| -5% | -$726K |
|
1342
Matthews International
MATW
$866M
| $14.2M | 0.01% |
289,628
| – | – |
|
|
LTC
1343
LTC Properties
LTC
$2.06B
| $14.2M | 0.01% |
332,231
| – | – |
|
1344
Progress Software
PRGS
$1.66B
| $14.1M | 0.01% |
546,474
| – | – |
|
|
MIK
1345
DELISTED
Michaels Stores, Inc
MIK
| $14.1M | 0.01% |
610,649
+233,737
| +62% | +$5.96M |
|
|
FCS
1346
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $14.1M | 0.01% |
1,004,697
| – | – |
|
|
PMCS
1347
DELISTED
P M C SIERRA INC
PMCS
| $14.1M | 0.01% |
2,083,640
+414,686
| +25% | +$2.82M |
|
1348
Hope Bancorp
HOPE
$1.79B
| $14.1M | 0.01% |
938,485
-9,592
| -1% | -$144K |
|
|
B
1349
DELISTED
Barnes Group Inc.
B
| $14.1M | 0.01% |
390,818
| – | – |
|
1350
International Bancshares
IBOC
$4.76B
| $14.1M | 0.01% |
561,456
+33,300
| +6% | +$871K |
|
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.