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 | |
|---|---|---|---|---|---|---|
|
FARO
1576
DELISTED
Faro Technologies
FARO
| $9.66M | 0.01% |
276,150
| – | – |
|
|
MEG
1577
DELISTED
Media General, Inc
MEG
| $9.64M | 0.01% |
689,276
| – | – |
|
|
EDE
1578
DELISTED
Empire District Electric
EDE
| $9.61M | 0.01% |
436,351
| – | – |
|
|
SFR
1579
DELISTED
Starwood Waypoint Homes
SFR
| $9.6M | 0.01% |
403,040
-286,437
| -42% | -$7.02M |
|
1580
Standex International
SXI
$3.78B
| $9.6M | 0.01% |
127,404
-12,700
| -9% | -$972K |
|
1581
LCI Industries
LCII
$2.52B
| $9.6M | 0.01% |
175,750
-17,241
| -9% | -$973K |
|
1582
Simpson Manufacturing
SSD
$7.91B
| $9.6M | 0.01% |
286,526
| – | – |
|
1583
AstraZeneca
AZN
$245B
| $9.57M | 0.01% |
150,386
-546,943
| -78% | -$36M |
|
1584
Employers Holdings
EIG
$910M
| $9.57M | 0.01% |
429,347
+21,816
| +5% | +$504K |
|
1585
Advanced Energy
AEIS
$11.9B
| $9.56M | 0.01% |
363,400
-119,184
| -25% | -$3.07M |
|
1586
Vera Bradley
VRA
$99.2M
| $9.55M | 0.01% |
757,756
+104,100
| +16% | +$1.21M |
|
|
GTLS
1587
DELISTED
Chart Industries
GTLS
| $9.55M | 0.01% |
497,343
+243,080
| +96% | +$6.41M |
|
1588
Artisan Partners
APAM
$2.99B
| $9.53M | 0.01% |
270,534
+64,504
| +31% | +$2.78M |
|
|
XHR
1589
Xenia Hotels & Resorts
XHR
$1.89B
| $9.53M | 0.01% |
+545,760
| New | +$10.9M |
|
1590
Strategy Inc
MSTR
$34.7B
| $9.51M | 0.01% |
484,010
| – | – |
|
|
GRUB
1591
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $9.5M | 0.01% |
195,181
| – | – |
|
1592
Franklin Electric
FELE
$4.73B
| $9.5M | 0.01% |
348,839
-7,400
| -2% | -$212K |
|
1593
Pegasystems
PEGA
$5.16B
| $9.5M | 0.01% |
771,912
| – | – |
|
1594
Hyster-Yale Materials Handling
HY
$628M
| $9.49M | 0.01% |
164,118
-13,873
| -8% | -$885K |
|
1595
Aramark
ARMK
$14.9B
| $9.49M | 0.01% |
443,314
+174,739
| +65% | +$3.99M |
|
|
SAFE
1596
Safehold
SAFE
$1.18B
| $9.48M | 0.01% |
154,864
| – | – |
|
|
MORE
1597
DELISTED
Monogram Residential Trust, Inc.
MORE
| $9.47M | 0.01% |
+1,017,625
| New | +$9.53M |
|
|
LMNX
1598
DELISTED
Luminex Corp
LMNX
| $9.46M | 0.01% |
559,186
-98,039
| -15% | -$1.77M |
|
|
AEGN
1599
DELISTED
Aegion Corp
AEGN
| $9.43M | ﹤0.01% |
571,887
+230,665
| +68% | +$4.17M |
|
1600
Usana Health Sciences
USNA
$422M
| $9.42M | ﹤0.01% |
140,602
| – | – |
|
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.