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 | |
|---|---|---|---|---|---|---|
|
MTSC
1551
DELISTED
MTS Systems Corp
MTSC
| $9.92M | 0.01% |
165,061
+18,900
| +13% | +$1.17M |
|
1552
Brady Corp
BRC
$4.52B
| $9.92M | 0.01% |
504,517
-145,329
| -22% | -$3.28M |
|
1553
Liberty Broadband Class A
LBRDA
$4.85B
| $9.92M | 0.01% |
192,828
| – | – |
|
1554
HEICO Corp
HEI
$50.4B
| $9.9M | 0.01% |
494,668
| – | – |
|
1555
Matrix Service
MTRX
$339M
| $9.9M | 0.01% |
440,395
+11,481
| +3% | +$233K |
|
|
WBMD
1556
DELISTED
WebMD Health Corp.
WBMD
| $9.89M | 0.01% |
248,289
+64,488
| +35% | +$2.73M |
|
1557
Scholastic
SCHL
$780M
| $9.89M | 0.01% |
253,792
+16,949
| +7% | +$729K |
|
1558
Knowles
KN
$3.2B
| $9.87M | 0.01% |
535,251
| – | – |
|
1559
Enerpac Tool Group
EPAC
$1.86B
| $9.86M | 0.01% |
536,328
-146,854
| -21% | -$3.14M |
|
|
DDC
1560
DELISTED
Dominion Diamond Corporation
DDC
| $9.86M | 0.01% |
926,062
+25,000
| +3% | +$302K |
|
|
FNFG
1561
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $9.86M | 0.01% |
965,361
+104,167
| +12% | +$988K |
|
|
SPTN
1562
DELISTED
SpartanNash
SPTN
| $9.85M | 0.01% |
381,097
+80,894
| +27% | +$2.45M |
|
|
CRZO
1563
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $9.85M | 0.01% |
322,522
-806
| -0.2% | -$29.2K |
|
1564
Tennant Co
TNC
$1.46B
| $9.85M | 0.01% |
175,269
| – | – |
|
|
ZNGA
1565
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $9.83M | 0.01% |
4,311,364
-622,135
| -13% | -$1.59M |
|
1566
Regis Corp
RGS
$67.5M
| $9.81M | 0.01% |
37,462
| – | – |
|
|
ILG
1567
DELISTED
ILG, Inc Common Stock
ILG
| $9.8M | 0.01% |
533,941
+50,000
| +10% | +$1.03M |
|
1568
Ubiquiti
UI
$33.4B
| $9.77M | 0.01% |
288,307
+85,431
| +42% | +$2.86M |
|
1569
Kaiser Aluminum
KALU
$2.65B
| $9.76M | 0.01% |
121,625
-60,083
| -33% | -$5M |
|
|
ARIA
1570
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $9.73M | 0.01% |
1,665,993
+122,549
| +8% | +$944K |
|
1571
Community Bank
CBU
$3.5B
| $9.73M | 0.01% |
261,724
-84,511
| -24% | -$3.14M |
|
|
DWRE
1572
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $9.72M | 0.01% |
188,172
| – | – |
|
|
ATW
1573
DELISTED
Atwood Oceanics
ATW
| $9.72M | 0.01% |
656,186
+106,952
| +19% | +$2.08M |
|
|
TPH
1574
DELISTED
Tri Pointe Homes
TPH
| $9.71M | 0.01% |
742,113
-463,301
| -38% | -$6.71M |
|
1575
Tootsie Roll Industries
TR
$2.95B
| $9.69M | 0.01% |
428,436
-141
| -0% | -$3.24K |
|
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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.