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 | |
|---|---|---|---|---|---|---|
1701
Weis Markets
WMK
$1.81B
| $8.75M | ﹤0.01% |
207,687
+69,500
| +50% | +$3.1M |
|
1702
Albany International
AIN
$1.71B
| $8.71M | ﹤0.01% |
218,791
+800
| +0.4% | +$32.1K |
|
1703
Ezcorp Inc
EZPW
$1.89B
| $8.71M | ﹤0.01% |
1,171,770
| – | – |
|
|
LNCE
1704
DELISTED
Snyders-Lance, Inc.
LNCE
| $8.64M | ﹤0.01% |
267,808
-162,784
| -38% | -$5.02M |
|
|
KNL
1705
DELISTED
Knoll, Inc.
KNL
| $8.64M | ﹤0.01% |
345,064
-132,675
| -28% | -$3.13M |
|
1706
BJ's Restaurants
BJRI
$1.27B
| $8.61M | ﹤0.01% |
177,765
+15,850
| +10% | +$765K |
|
|
MCRL
1707
DELISTED
MICREL INC
MCRL
| $8.61M | ﹤0.01% |
619,259
+76,876
| +14% | +$1.08M |
|
1708
Astec Industries
ASTE
$942M
| $8.6M | ﹤0.01% |
205,744
| – | – |
|
1709
Piper Sandler
PIPR
$5.04B
| $8.59M | ﹤0.01% |
787,640
-221,760
| -22% | -$2.77M |
|
|
RAVN
1710
DELISTED
Raven Industries Inc
RAVN
| $8.55M | ﹤0.01% |
420,623
+54,416
| +15% | +$1.1M |
|
|
CTCT
1711
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $8.54M | ﹤0.01% |
297,008
+104,221
| +54% | +$3.31M |
|
|
TCF
1712
DELISTED
TCF Financial Corporation Common Stock
TCF
| $8.53M | ﹤0.01% |
257,850
| – | – |
|
1713
CorVel
CRVL
$3.6B
| $8.52M | ﹤0.01% |
798,468
-4,800
| -0.6% | -$55.9K |
|
|
KNGT
1714
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $8.51M | ﹤0.01% |
318,063
-179,117
| -36% | -$4.79M |
|
1715
Harmonic Inc
HLIT
$1.22B
| $8.5M | ﹤0.01% |
1,244,757
| – | – |
|
1716
Greenlight Captial
GLRE
$494M
| $8.47M | ﹤0.01% |
290,489
| – | – |
|
1717
Orthofix Medical
OFIX
$363M
| $8.45M | ﹤0.01% |
255,049
-1,000
| -0.4% | -$34.4K |
|
|
BGG
1718
DELISTED
Briggs & Stratton Corp.
BGG
| $8.41M | ﹤0.01% |
436,663
| – | – |
|
|
STNR
1719
DELISTED
STEINER LEISURE LTD
STNR
| $8.4M | ﹤0.01% |
156,263
+177
| +0.1% | +$8.93K |
|
1720
Amkor Technology
AMKR
$11.5B
| $8.38M | ﹤0.01% |
1,401,973
-341,522
| -20% | -$2.46M |
|
|
IRC
1721
DELISTED
INLAND REAL ESTATE CORP
IRC
| $8.36M | ﹤0.01% |
887,866
| – | – |
|
1722
Otter Tail
OTTR
$3.74B
| $8.34M | ﹤0.01% |
313,396
-1,700
| -0.5% | -$48.8K |
|
|
PDLI
1723
DELISTED
PDL BioPharma, Inc.
PDLI
| $8.33M | ﹤0.01% |
1,295,717
| – | – |
|
|
NEWP
1724
DELISTED
NEWPORT CORP
NEWP
| $8.3M | ﹤0.01% |
437,795
-153,900
| -26% | -$2.98M |
|
|
GWB
1725
DELISTED
Great Western Bancorp, Inc.
GWB
| $8.25M | ﹤0.01% |
+342,321
| New | +$8.02M |
|
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.