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 | |
|---|---|---|---|---|---|---|
|
DOOR
1501
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $12.2M | 0.01% |
+174,617
| New | +$12M |
|
1502
Canadian Solar
CSIQ
$800M
| $12.2M | 0.01% |
427,407
+140,000
| +49% | +$4.8M |
|
1503
Abercrombie & Fitch
ANF
$5.94B
| $12.2M | 0.01% |
567,171
+107,604
| +23% | +$2.37M |
|
1504
Grand Canyon Education
LOPE
$3.99B
| $12.2M | 0.01% |
286,721
-11,973
| -4% | -$519K |
|
1505
Stride
LRN
$3.42B
| $12.1M | 0.01% |
958,713
-35,900
| -4% | -$535K |
|
1506
Coherent
COHR
$58.5B
| $12.1M | 0.01% |
638,531
| – | – |
|
1507
Essent Group
ESNT
$6.08B
| $12.1M | 0.01% |
+441,284
| New | +$11.3M |
|
|
DGI
1508
DELISTED
DigitalGlobe Inc.
DGI
| $12M | 0.01% |
432,416
+96,468
| +29% | +$3.04M |
|
|
PMT
1509
PennyMac Mortgage Investment
PMT
$783M
| $12M | 0.01% |
688,421
| – | – |
|
|
JE
1510
DELISTED
Just Energy Group Inc
JE
| $12M | 0.01% |
69,540
+16,667
| +32% | +$2.89M |
|
|
CSOD
1511
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $12M | 0.01% |
343,645
+90,077
| +36% | +$2.8M |
|
1512
B&G Foods
BGS
$254M
| $11.9M | 0.01% |
418,752
+60,000
| +17% | +$1.8M |
|
1513
NBT Bancorp
NBTB
$2.69B
| $11.9M | 0.01% |
453,301
| – | – |
|
|
IPCC
1514
DELISTED
Infinity Property & Casualty C
IPCC
| $11.9M | 0.01% |
156,316
+55,000
| +54% | +$4.17M |
|
|
FNFV
1515
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $11.8M | 0.01% |
770,360
-69,474
| -8% | -$1.04M |
|
|
CYS
1516
DELISTED
CYS Investments Inc.
CYS
| $11.8M | 0.01% |
1,529,150
| – | – |
|
1517
HEICO Corp
HEI
$41.4B
| $11.8M | 0.01% |
494,668
+121,201
| +32% | +$2.9M |
|
1518
Regis Corp
RGS
$69.9M
| $11.8M | 0.01% |
37,462
-20,624
| -36% | -$6.89M |
|
1519
Scansource
SCSC
$1.15B
| $11.8M | 0.01% |
309,176
| – | – |
|
|
APOL
1520
DELISTED
Apollo Education Group Inc Class A
APOL
| $11.7M | 0.01% |
912,124
-215,678
| -19% | -$3.64M |
|
1521
MannKind Corp
MNKD
$1.17B
| $11.7M | 0.01% |
412,002
| – | – |
|
|
CRR
1522
DELISTED
Carbo Ceramics Inc.
CRR
| $11.7M | 0.01% |
281,122
| – | – |
|
1523
Plexus
PLXS
$6.58B
| $11.7M | 0.01% |
266,296
-86,845
| -25% | -$3.85M |
|
|
INFO
1524
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $11.6M | 0.01% |
454,407
+253,690
| +126% | +$6.7M |
|
1525
FirstCash
FCFS
$9.64B
| $11.6M | 0.01% |
254,590
| – | – |
|
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.