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 | |
|---|---|---|---|---|---|---|
|
MAGN
1701
Magnera Corp
MAGN
$472M
| $7.83M | ﹤0.01% |
34,975
+997
| +3% | +$247K |
|
1702
Annaly Capital Management
NLY
$17.1B
| $7.82M | ﹤0.01% |
197,938
-2,080,748
| -91% | -$83.2M |
|
1703
Aaon
AAON
$7.3B
| $7.77M | ﹤0.01% |
601,458
| – | – |
|
|
ATCO
1704
DELISTED
Atlas Corp.
ATCO
| $7.76M | ﹤0.01% |
506,457
-150,654
| -23% | -$2.64M |
|
1705
St. Joe Company
JOE
$3.54B
| $7.75M | ﹤0.01% |
404,857
-400,000
| -50% | -$6.81M |
|
|
TARO
1706
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $7.7M | ﹤0.01% |
+53,847
| New | +$7.53M |
|
1707
Lindsay Corp
LNN
$1.13B
| $7.68M | ﹤0.01% |
113,278
-17,376
| -13% | -$1.38M |
|
1708
Tidewater
TDW
$3.73B
| $7.68M | ﹤0.01% |
18,111
+13,873
| +327% | +$7.99M |
|
|
FRAN
1709
DELISTED
Francesca's Holdings Corporation
FRAN
| $7.68M | ﹤0.01% |
52,313
+34,579
| +195% | +$5.01M |
|
1710
Stratasys
SSYS
$679M
| $7.64M | ﹤0.01% |
288,453
+63,072
| +28% | +$1.95M |
|
|
KNGT
1711
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $7.63M | ﹤0.01% |
318,063
| – | – |
|
|
RSE
1712
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
| $7.59M | ﹤0.01% |
487,479
| – | – |
|
1713
Andersons Inc
ANDE
$2.41B
| $7.59M | ﹤0.01% |
222,917
-51,908
| -19% | -$1.86M |
|
|
KNL
1714
DELISTED
Knoll, Inc.
KNL
| $7.58M | ﹤0.01% |
345,064
| – | – |
|
1715
Golar LNG
GLNG
$5B
| $7.57M | ﹤0.01% |
271,590
| – | – |
|
|
SNR
1716
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $7.55M | ﹤0.01% |
721,805
| – | – |
|
1717
Rogers Communications
RCI
$18.3B
| $7.54M | ﹤0.01% |
219,801
| – | – |
|
|
HAPN
1718
Happen Inc
HAPN
$2.21B
| $7.51M | ﹤0.01% |
113,488
+21,300
| +23% | +$1.45M |
|
1719
Adtran
ADTN
$689M
| $7.48M | ﹤0.01% |
512,166
-127,600
| -20% | -$2.01M |
|
|
TIVO
1720
DELISTED
Tivo Inc
TIVO
| $7.44M | ﹤0.01% |
709,403
-243,100
| -26% | -$2.94M |
|
1721
Virtus Investment Partners
VRTS
$1.06B
| $7.44M | ﹤0.01% |
74,024
| – | – |
|
|
RDUS
1722
DELISTED
Radius Recycling
RDUS
| $7.43M | ﹤0.01% |
548,525
+168,836
| +44% | +$2.76M |
|
|
FOE
1723
DELISTED
Ferro Corporation
FOE
| $7.39M | ﹤0.01% |
674,826
| – | – |
|
|
BFS
1724
Saul Centers
BFS
$836M
| $7.38M | ﹤0.01% |
142,503
| – | – |
|
|
WAIR
1725
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $7.36M | ﹤0.01% |
603,437
| – | – |
|
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.