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 | |
|---|---|---|---|---|---|---|
1726
KB Home
KBH
$2.98B
| $8.24M | ﹤0.01% |
496,307
+208,333
| +72% | +$3.18M |
|
1727
Strategy Inc
MSTR
$50.1B
| $8.23M | ﹤0.01% |
484,010
-311,850
| -39% | -$5.49M |
|
|
WIRE
1728
DELISTED
Encore Wire Corp
WIRE
| $8.23M | ﹤0.01% |
185,840
| – | – |
|
1729
Merit Medical Systems
MMSI
$5.14B
| $8.18M | ﹤0.01% |
379,951
+61,589
| +19% | +$1.25M |
|
1730
Pan American Silver
PAAS
$19.7B
| $8.16M | ﹤0.01% |
948,996
-314,915
| -25% | -$2.96M |
|
1731
Petrobras Class A
PBR.A
$122B
| $8.16M | ﹤0.01% |
+1,000,005
| New | +$8.37M |
|
|
RESI
1732
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $8.16M | ﹤0.01% |
484,162
-116,137
| -19% | -$2.19M |
|
|
WBMD
1733
DELISTED
WebMD Health Corp.
WBMD
| $8.14M | ﹤0.01% |
183,801
| – | – |
|
1734
Greif
GEF
$4.71B
| $8.14M | ﹤0.01% |
226,998
-86,080
| -27% | -$3.42M |
|
1735
Sonic Automotive
SAH
$2.3B
| $8.14M | ﹤0.01% |
341,460
+6,160
| +2% | +$149K |
|
|
FNFG
1736
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $8.13M | ﹤0.01% |
861,194
| – | – |
|
1737
AMERISAFE
AMSF
$458M
| $8.07M | ﹤0.01% |
171,412
+146,727
| +594% | +$6.61M |
|
1738
Cogent Communications
CCOI
$444M
| $8.04M | ﹤0.01% |
237,472
-4,153
| -2% | -$139K |
|
1739
Nelnet
NNI
$4.56B
| $8.02M | ﹤0.01% |
185,233
| – | – |
|
|
TSRO
1740
DELISTED
TESARO, Inc.
TSRO
| $7.98M | ﹤0.01% |
135,736
+111,346
| +457% | +$6.39M |
|
1741
First Financial Corp
THFF
$914M
| $7.98M | ﹤0.01% |
223,062
| – | – |
|
|
RSE
1742
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
| $7.97M | ﹤0.01% |
487,479
+113,324
| +30% | +$1.98M |
|
|
ELNK
1743
DELISTED
EarthLink Holdings Corp.
ELNK
| $7.94M | ﹤0.01% |
1,059,667
+467,251
| +79% | +$2.83M |
|
1744
Granite Construction
GVA
$5.14B
| $7.89M | ﹤0.01% |
222,132
| – | – |
|
1745
Stratasys
SSYS
$663M
| $7.87M | ﹤0.01% |
225,381
-50,890
| -18% | -$2.13M |
|
|
BGC
1746
DELISTED
General Cable Corporation
BGC
| $7.85M | ﹤0.01% |
398,035
| – | – |
|
|
EXAM
1747
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
| $7.85M | ﹤0.01% |
+200,799
| New | +$8.26M |
|
1748
Matrix Service
MTRX
$280M
| $7.84M | ﹤0.01% |
428,914
+59,252
| +16% | +$1.16M |
|
1749
Daktronics
DAKT
$845M
| $7.83M | ﹤0.01% |
659,753
+30,673
| +5% | +$340K |
|
1750
Rogers Communications
RCI
$19.4B
| $7.8M | ﹤0.01% |
219,801
| – | – |
|
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.