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 | |
|---|---|---|---|---|---|---|
|
ARR
1651
Armour Residential REIT
ARR
$2.1B
| $9.46M | ﹤0.01% |
84,116
| – | – |
|
|
EGL
1652
DELISTED
Engility Holdings, Inc.
EGL
| $9.45M | ﹤0.01% |
375,515
+23,202
| +7% | +$659K |
|
1653
National CineMedia
NCMI
$220M
| $9.44M | ﹤0.01% |
59,151
| – | – |
|
1654
Acco Brands
ACCO
$392M
| $9.41M | ﹤0.01% |
1,210,636
-228,640
| -16% | -$1.8M |
|
|
SAVE
1655
DELISTED
Spirit Airlines, Inc.
SAVE
| $9.41M | ﹤0.01% |
151,467
| – | – |
|
|
KERX
1656
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $9.4M | ﹤0.01% |
941,935
+336,415
| +56% | +$3.61M |
|
1657
Delek US
DK
$4.85B
| $9.39M | ﹤0.01% |
255,080
+72,739
| +40% | +$2.73M |
|
1658
Kulicke & Soffa
KLIC
$4.16B
| $9.38M | ﹤0.01% |
800,757
-107,000
| -12% | -$1.49M |
|
1659
Lands' End
LE
$304M
| $9.37M | ﹤0.01% |
377,269
| – | – |
|
1660
United Fire Group
UFCS
$1.41B
| $9.33M | ﹤0.01% |
284,749
| – | – |
|
1661
Ethan Allen Interiors
ETD
$545M
| $9.32M | ﹤0.01% |
353,864
+1,000
| +0.3% | +$25.8K |
|
|
HAYN
1662
DELISTED
Haynes International, Inc.
HAYN
| $9.31M | ﹤0.01% |
188,820
| – | – |
|
|
SASR
1663
DELISTED
Sandy Spring Bancorp Inc
SASR
| $9.31M | ﹤0.01% |
332,802
-17,300
| -5% | -$461K |
|
1664
Materion
MTRN
$5.17B
| $9.31M | ﹤0.01% |
264,127
+22,472
| +9% | +$866K |
|
|
AYR
1665
DELISTED
Aircastle Ltd
AYR
| $9.31M | ﹤0.01% |
410,554
-55,284
| -12% | -$1.32M |
|
|
MANT
1666
DELISTED
Mantech International Corp
MANT
| $9.31M | ﹤0.01% |
320,895
| – | – |
|
1667
Helios Technologies
HLIO
$2.21B
| $9.29M | ﹤0.01% |
+243,902
| New | +$9.47M |
|
1668
Employers Holdings
EIG
$898M
| $9.28M | ﹤0.01% |
407,531
| – | – |
|
|
GES
1669
DELISTED
Guess Inc
GES
| $9.27M | ﹤0.01% |
483,644
-473,508
| -49% | -$8.9M |
|
1670
American Homes 4 Rent
AMH
$11.3B
| $9.26M | ﹤0.01% |
577,204
| – | – |
|
|
OUTR
1671
DELISTED
OUTERWALL INC
OUTR
| $9.25M | ﹤0.01% |
121,573
| – | – |
|
|
CMBT
1672
CMB.TECH NV
CMBT
$5.7B
| $9.22M | ﹤0.01% |
+622,303
| New | +$8.67M |
|
1673
Accuray
ARAY
$27.8M
| $9.18M | ﹤0.01% |
1,362,339
+300,000
| +28% | +$2.23M |
|
|
AMED
1674
DELISTED
Amedisys
AMED
| $9.15M | ﹤0.01% |
230,281
-71,132
| -24% | -$2.22M |
|
|
WAIR
1675
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $9.14M | ﹤0.01% |
603,437
+30,513
| +5% | +$475K |
|
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.