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 | |
|---|---|---|---|---|---|---|
|
FOE
1551
DELISTED
Ferro Corporation
FOE
| $11.3M | 0.01% |
674,826
-269,246
| -29% | -$3.9M |
|
|
VWR
1552
DELISTED
VWR Corporation
VWR
| $11.3M | 0.01% |
+423,472
| New | +$11.3M |
|
1553
Gentherm
THRM
$1.17B
| $11.3M | 0.01% |
206,127
+19,917
| +11% | +$1.06M |
|
|
FINL
1554
DELISTED
Finish Line
FINL
| $11.3M | 0.01% |
405,778
-300,396
| -43% | -$7.77M |
|
|
UTIW
1555
DELISTED
UTI WORLDWIDE INC
UTIW
| $11.3M | 0.01% |
1,129,801
| – | – |
|
|
BECN
1556
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $11.3M | 0.01% |
339,739
+42,125
| +14% | +$1.33M |
|
|
ACOR
1557
DELISTED
Acorda Therapeutics
ACOR
| $11.2M | 0.01% |
2,807
-392
| -12% | -$1.51M |
|
1558
Green Dot
GDOT
$756M
| $11.2M | 0.01% |
586,153
+292,227
| +99% | +$4.74M |
|
1559
Standex International
SXI
$3.18B
| $11.2M | 0.01% |
140,104
| – | – |
|
1560
LCI Industries
LCII
$2.12B
| $11.2M | 0.01% |
192,991
-73,800
| -28% | -$4.4M |
|
1561
Oxford Industries
OXM
$438M
| $11.2M | 0.01% |
127,823
| – | – |
|
1562
TTEC Holdings
TTEC
$59.6M
| $11.2M | 0.01% |
411,729
| – | – |
|
|
HIBB
1563
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $11.1M | 0.01% |
239,162
| – | – |
|
1564
DXP Enterprises
DXPE
$2.85B
| $11.1M | 0.01% |
239,515
+23,764
| +11% | +$1.05M |
|
1565
Buckle
BKE
$2.06B
| $11.1M | 0.01% |
243,228
-14,100
| -5% | -$649K |
|
|
HRG
1566
DELISTED
HRG Group, Inc.
HRG
| $11.1M | 0.01% |
853,185
+100,000
| +13% | +$1.26M |
|
|
WSTC
1567
DELISTED
West Corporation
WSTC
| $11.1M | 0.01% |
368,412
+238,412
| +183% | +$7.53M |
|
|
ILG
1568
DELISTED
ILG, Inc Common Stock
ILG
| $11.1M | 0.01% |
483,941
| – | – |
|
1569
WD-40
WDFC
$2.55B
| $11M | 0.01% |
126,726
-100
| -0.1% | -$8.47K |
|
1570
Heartland Express
HTLD
$919M
| $11M | 0.01% |
545,505
+49,014
| +10% | +$1.05M |
|
1571
Northwest Bancshares
NWBI
$2.26B
| $11M | 0.01% |
859,706
| – | – |
|
|
RTI
1572
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $10.9M | 0.01% |
347,052
| – | – |
|
1573
FerroAtlántica
GSM
$807M
| $10.9M | 0.01% |
617,721
| – | – |
|
1574
ICU Medical
ICUI
$3.89B
| $10.9M | 0.01% |
114,117
-54,866
| -32% | -$5.13M |
|
1575
Federal Signal
FSS
$7.04B
| $10.9M | 0.01% |
730,962
| – | – |
|
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.