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 | |
|---|---|---|---|---|---|---|
1476
Forum Energy Technologies
FET
$791M
| $11.2M | 0.01% |
45,908
| – | – |
|
1477
Semtech
SMTC
$10.9B
| $11.2M | 0.01% |
741,728
+110,500
| +18% | +$1.9M |
|
|
KND
1478
DELISTED
Kindred Healthcare
KND
| $11.2M | 0.01% |
710,396
+33,858
| +5% | +$685K |
|
|
SHLM
1479
DELISTED
Schulman (A.) Inc
SHLM
| $11.2M | 0.01% |
344,056
| – | – |
|
|
FFG
1480
DELISTED
FBL Financial Group
FFG
| $11.1M | 0.01% |
180,832
| – | – |
|
1481
Provident Financial Services
PFS
$3.28B
| $11.1M | 0.01% |
569,472
+29,402
| +5% | +$564K |
|
1482
Omnicell
OMCL
$1.69B
| $11.1M | 0.01% |
357,013
| – | – |
|
|
CYS
1483
DELISTED
CYS Investments Inc.
CYS
| $11.1M | 0.01% |
1,529,150
| – | – |
|
1484
Baytex Energy
BTE
$3.14B
| $11.1M | 0.01% |
3,473,263
+1,788,416
| +106% | +$13.7M |
|
|
PDCE
1485
DELISTED
PDC Energy, Inc.
PDCE
| $11.1M | 0.01% |
208,509
-64,746
| -24% | -$3.32M |
|
1486
Columbia Banking Systems
COLB
$8.87B
| $11M | 0.01% |
353,960
| – | – |
|
1487
Comfort Systems
FIX
$61.5B
| $11M | 0.01% |
404,507
-138,927
| -26% | -$3.72M |
|
|
LQ
1488
DELISTED
La Quinta Holdings Inc.
LQ
| $11M | 0.01% |
698,487
+91,974
| +15% | +$1.85M |
|
|
FMBI
1489
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $11M | 0.01% |
626,985
-57,592
| -8% | -$1.05M |
|
|
WEB
1490
DELISTED
Web.com Group, Inc.
WEB
| $10.9M | 0.01% |
519,453
-25,000
| -5% | -$575K |
|
|
TDAY
1491
USA Today Co
TDAY
$1.33B
| $10.9M | 0.01% |
708,034
-447,368
| -39% | -$7.18M |
|
|
WAGE
1492
DELISTED
WageWorks, Inc.
WAGE
| $10.9M | 0.01% |
242,803
| – | – |
|
1493
Green Plains
GPRE
$1.14B
| $10.9M | 0.01% |
559,989
+75,000
| +15% | +$1.65M |
|
|
FOLD
1494
DELISTED
Amicus Therapeutics
FOLD
| $10.9M | 0.01% |
+778,747
| New | +$12.2M |
|
|
VWR
1495
DELISTED
VWR Corporation
VWR
| $10.9M | 0.01% |
423,472
| – | – |
|
|
HA
1496
DELISTED
Hawaiian Holdings, Inc.
HA
| $10.9M | 0.01% |
440,609
+144,079
| +49% | +$3.43M |
|
1497
Warner Bros
WBD
$65.6B
| $10.9M | 0.01% |
417,355
-28,736
| -6% | -$850K |
|
|
IOC
1498
DELISTED
Interoil Corporation
IOC
| $10.9M | 0.01% |
322,652
-29,087
| -8% | -$1.18M |
|
|
RFP
1499
DELISTED
Resolute Forest Products Inc.
RFP
| $10.8M | 0.01% |
1,303,797
| – | – |
|
|
PCH
1500
DELISTED
PotlatchDeltic
PCH
| $10.8M | 0.01% |
376,161
| – | – |
|
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.