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 | |
|---|---|---|---|---|---|---|
1476
Boyd Gaming
BYD
$5.49B
| $12.7M | 0.01% |
851,070
+296,002
| +53% | +$4.18M |
|
|
AL
1477
DELISTED
Air Lease Corp
AL
| $12.7M | 0.01% |
375,097
| – | – |
|
1478
Golar LNG
GLNG
$5.21B
| $12.7M | 0.01% |
271,590
-37,438
| -12% | -$1.62M |
|
|
DDC
1479
DELISTED
Dominion Diamond Corporation
DDC
| $12.6M | 0.01% |
901,062
+134,149
| +17% | +$2.43M |
|
1480
Mine Safety
MSA
$6.95B
| $12.6M | 0.01% |
259,511
| – | – |
|
1481
TriMas Corp
TRS
$1.41B
| $12.6M | 0.01% |
533,423
-99,010
| -16% | -$2.36M |
|
1482
Interactive Brokers
IBKR
$40B
| $12.6M | 0.01% |
1,208,360
| – | – |
|
1483
Rayonier Advanced Materials
RYAM
$566M
| $12.5M | 0.01% |
771,757
-224,844
| -23% | -$3.7M |
|
1484
Semtech
SMTC
$16.5B
| $12.5M | 0.01% |
631,228
-41,572
| -6% | -$968K |
|
1485
NETGEAR
NTGR
$628M
| $12.5M | 0.01% |
417,079
| – | – |
|
1486
St. Joe Company
JOE
$3.68B
| $12.5M | 0.01% |
804,857
| – | – |
|
|
CKH
1487
DELISTED
Seacor Holdings Inc.
CKH
| $12.5M | 0.01% |
182,083
-5,204
| -3% | -$363K |
|
1488
Clearwater Paper
CLW
$344M
| $12.5M | 0.01% |
217,821
| – | – |
|
1489
Comfort Systems
FIX
$56.1B
| $12.5M | 0.01% |
543,434
+161,000
| +42% | +$3.54M |
|
1490
Insight Enterprises
NSIT
$4.93B
| $12.5M | 0.01% |
416,396
-161,265
| -28% | -$4.79M |
|
|
KAMN
1491
DELISTED
Kaman Corp
KAMN
| $12.5M | 0.01% |
296,944
+35,216
| +13% | +$1.49M |
|
|
SJI
1492
DELISTED
South Jersey Industries, Inc.
SJI
| $12.4M | 0.01% |
503,072
| – | – |
|
1493
Ironwood Pharmaceuticals
IRWD
$707M
| $12.4M | 0.01% |
1,228,244
| – | – |
|
|
SCTY
1494
DELISTED
SolarCity Corporation
SCTY
| $12.4M | 0.01% |
231,613
| – | – |
|
|
ATCO
1495
DELISTED
Atlas Corp.
ATCO
| $12.4M | 0.01% |
657,111
-120,800
| -16% | -$2.38M |
|
|
SLCA
1496
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $12.4M | 0.01% |
422,086
+224,583
| +114% | +$7.59M |
|
1497
Hyster-Yale Materials Handling
HY
$606M
| $12.3M | 0.01% |
177,991
| – | – |
|
|
HMSY
1498
DELISTED
HMS Holdings Corp.
HMSY
| $12.3M | 0.01% |
716,642
-176,488
| -20% | -$2.98M |
|
1499
CVB Financial
CVBF
$4.02B
| $12.3M | 0.01% |
697,589
-185,049
| -21% | -$3.04M |
|
|
RYL
1500
DELISTED
RYLAND GROUP INC
RYL
| $12.3M | 0.01% |
264,476
| – | – |
|
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.