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 | |
|---|---|---|---|---|---|---|
1426
Arista Networks
ANET
$222B
| $12.6M | 0.01% |
3,284,928
+2,564,928
| +356% | +$12.2M |
|
1427
Forward Air
FWRD
$456M
| $12.6M | 0.01% |
302,638
| – | – |
|
|
ABCO
1428
DELISTED
Advisory Board Co
ABCO
| $12.6M | 0.01% |
275,608
| – | – |
|
|
IPCM
1429
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $12.5M | 0.01% |
161,485
| – | – |
|
|
ONIT
1430
Onity Group
ONIT
$310M
| $12.5M | 0.01% |
124,550
-6,568
| -5% | -$832K |
|
1431
Eldorado Gold
EGO
$7.94B
| $12.5M | 0.01% |
784,239
-336,612
| -30% | -$5.6M |
|
1432
Dine Brands
DIN
$457M
| $12.5M | 0.01% |
136,471
| – | – |
|
1433
ICU Medical
ICUI
$4.35B
| $12.5M | 0.01% |
114,117
| – | – |
|
1434
NovaGold Resources
NG
$2.52B
| $12.5M | 0.01% |
3,458,979
+139,586
| +4% | +$471K |
|
|
AVX
1435
DELISTED
AVX Corporation
AVX
| $12.5M | 0.01% |
952,941
+288,933
| +44% | +$3.76M |
|
|
NTUS
1436
DELISTED
Natus Medical Inc
NTUS
| $12.4M | 0.01% |
315,565
-12,100
| -4% | -$514K |
|
|
HDS
1437
DELISTED
HD Supply Holdings, Inc.
HDS
| $12.4M | 0.01% |
433,063
-37,142
| -8% | -$1.25M |
|
|
HF
1438
DELISTED
HFF Inc.
HF
| $12.4M | 0.01% |
366,908
| – | – |
|
1439
UMB Financial
UMBF
$11.2B
| $12.3M | 0.01% |
242,513
-53,130
| -18% | -$2.8M |
|
1440
Canadian Solar
CSIQ
$1.06B
| $12.3M | 0.01% |
739,219
+311,812
| +73% | +$6.93M |
|
1441
AZZ Inc
AZZ
$4.37B
| $12.3M | 0.01% |
251,718
| – | – |
|
1442
NBT Bancorp
NBTB
$2.77B
| $12.2M | 0.01% |
453,301
| – | – |
|
1443
Apogee Enterprises
APOG
$850M
| $12.2M | 0.01% |
273,212
+168,313
| +160% | +$8.81M |
|
1444
NETGEAR
NTGR
$660M
| $12.2M | 0.01% |
417,079
| – | – |
|
|
ISIL
1445
DELISTED
Intersil Corp
ISIL
| $12.2M | 0.01% |
1,039,323
| – | – |
|
|
STL
1446
DELISTED
Sterling Bancorp
STL
| $12.2M | 0.01% |
817,508
+394,551
| +93% | +$5.72M |
|
|
LNCE
1447
DELISTED
Snyders-Lance, Inc.
LNCE
| $12.1M | 0.01% |
357,702
+89,894
| +34% | +$3.01M |
|
1448
Bloomin' Brands
BLMN
$771M
| $12M | 0.01% |
661,129
+183,215
| +38% | +$3.91M |
|
1449
News Corp Class B
NWS
$17.3B
| $12M | 0.01% |
934,695
-77,044
| -8% | -$1.06M |
|
1450
Acco Brands
ACCO
$414M
| $12M | 0.01% |
1,690,636
+480,000
| +40% | +$3.6M |
|
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.