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 | |
|---|---|---|---|---|---|---|
1576
Churchill Downs
CHDN
$5.76B
| $10.9M | 0.01% |
522,840
| – | – |
|
1577
Interface
TILE
$2B
| $10.9M | 0.01% |
434,734
+74,807
| +21% | +$1.66M |
|
|
NAVG
1578
DELISTED
Navigators Group Inc
NAVG
| $10.9M | 0.01% |
280,722
+77,800
| +38% | +$3.04M |
|
1579
Power Integrations
POWI
$2.66B
| $10.9M | 0.01% |
481,260
-156,832
| -25% | -$3.92M |
|
1580
Brink's
BCO
$4.47B
| $10.9M | 0.01% |
369,246
+6,175
| +2% | +$187K |
|
1581
Pacira BioSciences
PCRX
$993M
| $10.8M | 0.01% |
152,109
| – | – |
|
1582
OneMain Financial
OMF
$6.97B
| $10.7M | 0.01% |
+233,666
| New | +$11.3M |
|
|
TUMI
1583
DELISTED
TUMI HLDGS INC COM
TUMI
| $10.7M | 0.01% |
522,356
+49,200
| +10% | +$1.07M |
|
1584
Andersons Inc
ANDE
$2.43B
| $10.7M | 0.01% |
274,825
| – | – |
|
|
BPFH
1585
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $10.7M | 0.01% |
798,476
-188,186
| -19% | -$2.41M |
|
|
BLT
1586
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $10.7M | 0.01% |
979,757
| – | – |
|
|
MDCO
1587
DELISTED
Medicines Co
MDCO
| $10.7M | 0.01% |
372,582
-115,828
| -24% | -$3.23M |
|
|
XOOM
1588
DELISTED
XOOM CORP COM
XOOM
| $10.6M | 0.01% |
505,337
| – | – |
|
|
CCC
1589
DELISTED
Calgon Carbon Corp
CCC
| $10.6M | 0.01% |
548,986
-30,240
| -5% | -$648K |
|
1590
Rogers Corp
ROG
$2.3B
| $10.6M | 0.01% |
160,520
-700
| -0.4% | -$51.8K |
|
1591
Generac Holdings
GNRC
$10.3B
| $10.6M | 0.01% |
267,023
-7,856
| -3% | -$340K |
|
|
AAWW
1592
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $10.6M | 0.01% |
192,838
| – | – |
|
|
PRMW
1593
DELISTED
Primo Water Corporation
PRMW
| $10.6M | 0.01% |
1,082,422
-25,000
| -2% | -$239K |
|
|
GPT
1594
DELISTED
Gramercy Property Trust
GPT
| $10.5M | 0.01% |
+150,457
| New | +$12.1M |
|
|
NGD
1595
DELISTED
New Gold Inc
NGD
| $10.5M | 0.01% |
3,929,277
+280,824
| +8% | +$919K |
|
1596
Louisiana-Pacific
LPX
$4.57B
| $10.5M | 0.01% |
618,564
-123,522
| -17% | -$2.1M |
|
|
CMO
1597
DELISTED
Capstead Mortgage Corp.
CMO
| $10.5M | 0.01% |
943,276
| – | – |
|
1598
Scholastic
SCHL
$660M
| $10.5M | 0.01% |
236,843
| – | – |
|
|
FFG
1599
DELISTED
FBL Financial Group
FFG
| $10.4M | 0.01% |
180,832
| – | – |
|
1600
Adtran
ADTN
$578M
| $10.4M | 0.01% |
639,766
-79,491
| -11% | -$1.36M |
|
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.