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 | |
|---|---|---|---|---|---|---|
|
WEB
1451
DELISTED
Web.com Group, Inc.
WEB
| $13.2M | 0.01% |
544,453
+82,058
| +18% | +$1.78M |
|
|
LOGM
1452
DELISTED
LogMein, Inc.
LOGM
| $13.2M | 0.01% |
204,390
| – | – |
|
|
HOS
1453
Hornbeck Offshore Services, Inc.
HOS
$2.8B
| $13.1M | 0.01% |
1,038,473
| – | – |
|
1454
Methode Electronics
MEI
$494M
| $13.1M | 0.01% |
477,671
-7,734
| -2% | -$346K |
|
|
TLN
1455
DELISTED
Talen Energy Corporation
TLN
| $13.1M | 0.01% |
+762,263
| New | +$14.4M |
|
1456
Community Bank
CBU
$3.3B
| $13.1M | 0.01% |
346,235
-25,000
| -7% | -$898K |
|
|
PINC
1457
DELISTED
Premier
PINC
| $13.1M | 0.01% |
339,511
+60,100
| +22% | +$2.26M |
|
|
EDR
1458
DELISTED
Education Realty Trust Inc
EDR
| $13M | 0.01% |
415,960
| – | – |
|
1459
AZZ Inc
AZZ
$4B
| $13M | 0.01% |
251,718
| – | – |
|
1460
Theravance Biopharma
TBPH
$884M
| $13M | 0.01% |
1,000,256
+89,980
| +10% | +$1.4M |
|
|
ISIL
1461
DELISTED
Intersil Corp
ISIL
| $13M | 0.01% |
1,039,323
-272,016
| -21% | -$3.71M |
|
|
AIRM
1462
DELISTED
Air Methods Corp
AIRM
| $13M | 0.01% |
314,205
-67,591
| -18% | -$2.96M |
|
|
FMBI
1463
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $13M | 0.01% |
684,577
-50,000
| -7% | -$896K |
|
|
GCI
1464
DELISTED
Gannett Co., Inc
GCI
| $13M | 0.01% |
+926,815
| New | +$13.2M |
|
|
SOHU
1465
Sohu.com
SOHU
$355M
| $12.9M | 0.01% |
218,937
-143,875
| -40% | -$9.32M |
|
1466
Horace Mann Educators
HMN
$1.98B
| $12.9M | 0.01% |
355,293
+5,642
| +2% | +$198K |
|
|
FARO
1467
DELISTED
Faro Technologies
FARO
| $12.9M | 0.01% |
276,150
| – | – |
|
1468
TD Synnex
SNX
$21.4B
| $12.9M | 0.01% |
351,940
+53,688
| +18% | +$2.13M |
|
1469
Chord Energy
CHRD
$7.99B
| $12.9M | 0.01% |
810,995
+113,055
| +16% | +$1.9M |
|
1470
MasTec
MTZ
$16.8B
| $12.8M | 0.01% |
644,581
| – | – |
|
|
CUB
1471
DELISTED
Cubic Corporation
CUB
| $12.8M | 0.01% |
269,081
| – | – |
|
|
AXON
1472
Axon Enterprise
AXON
$36.9B
| $12.8M | 0.01% |
383,952
+116,972
| +44% | +$3.66M |
|
|
ARIA
1473
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $12.8M | 0.01% |
1,543,444
+248,722
| +19% | +$2.2M |
|
1474
Sabra Healthcare REIT
SBRA
$5.17B
| $12.7M | 0.01% |
494,613
| – | – |
|
|
LCI
1475
DELISTED
Lannett Company, Inc.
LCI
| $12.7M | 0.01% |
53,531
+40,438
| +309% | +$9.7M |
|
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.