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 | |
|---|---|---|---|---|---|---|
|
BEL
1776
DELISTED
Belmond Ltd.
BEL
| $7.33M | ﹤0.01% |
587,124
| – | – |
|
|
AMFW
1777
DELISTED
AMEC Foster Wheeler plc
AMFW
| $7.25M | ﹤0.01% |
561,439
| – | – |
|
1778
QuidelOrtho
QDEL
$739M
| $7.21M | ﹤0.01% |
314,346
+22,253
| +8% | +$518K |
|
|
ARNA
1779
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $7.21M | ﹤0.01% |
155,286
-25,972
| -14% | -$1.13M |
|
|
MDR
1780
DELISTED
McDermott International
MDR
| $7.19M | ﹤0.01% |
449,023
-116,667
| -21% | -$1.82M |
|
|
ANH
1781
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $7.18M | ﹤0.01% |
1,456,440
-116,994
| -7% | -$605K |
|
|
RSTI
1782
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $7.18M | ﹤0.01% |
260,041
-6,700
| -3% | -$181K |
|
|
PIR
1783
DELISTED
Pier 1 Imports, Inc.
PIR
| $7.14M | ﹤0.01% |
28,253
-25,835
| -48% | -$6.61M |
|
1784
SiriusXM
SIRI
$9.63B
| $7.12M | ﹤0.01% |
190,951
| – | – |
|
|
ITG
1785
DELISTED
Investment Technology Group Inc
ITG
| $7.12M | ﹤0.01% |
286,991
| – | – |
|
|
FRGI
1786
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $7.1M | ﹤0.01% |
142,025
| – | – |
|
|
HA
1787
DELISTED
Hawaiian Holdings, Inc.
HA
| $7.04M | ﹤0.01% |
296,530
+166,646
| +128% | +$3.89M |
|
|
GRP.U
1788
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $7.04M | ﹤0.01% |
204,553
+2,500
| +1% | +$85.9K |
|
|
KRA
1789
DELISTED
Kraton Corporation
KRA
| $7.03M | ﹤0.01% |
294,306
-42,589
| -13% | -$959K |
|
1790
Forrester Research
FORR
$221M
| $7.01M | ﹤0.01% |
194,699
+46,796
| +32% | +$1.65M |
|
|
BFS
1791
Saul Centers
BFS
$750M
| $7.01M | ﹤0.01% |
142,503
| – | – |
|
1792
FirstService
FSV
$5.78B
| $6.96M | ﹤0.01% |
+250,437
| New | +$6.6M |
|
1793
Azenta
AZTA
$1.45B
| $6.96M | ﹤0.01% |
608,117
| – | – |
|
|
RSPP
1794
DELISTED
RSP Permian, Inc.
RSPP
| $6.95M | ﹤0.01% |
247,133
-220,994
| -47% | -$6.29M |
|
|
BSFT
1795
DELISTED
BroadSoft, Inc.
BSFT
| $6.93M | ﹤0.01% |
200,547
| – | – |
|
1796
Bright Horizons
BFAM
$3.34B
| $6.91M | ﹤0.01% |
119,568
-42,834
| -26% | -$2.34M |
|
1797
The Greenbrier Companies
GBX
$1.32B
| $6.91M | ﹤0.01% |
147,474
-44,804
| -23% | -$2.67M |
|
1798
Sturm, Ruger & Co
RGR
$592M
| $6.84M | ﹤0.01% |
119,115
+33,417
| +39% | +$1.82M |
|
1799
Griffon
GFF
$4.22B
| $6.83M | ﹤0.01% |
428,937
| – | – |
|
1800
JD.com
JD
$36.3B
| $6.82M | ﹤0.01% |
200,000
| – | – |
|
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.