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 | |
|---|---|---|---|---|---|---|
1776
Enviri
NVRI
$651M
| $6.38M | ﹤0.01% |
702,834
-254,008
| -27% | -$3.2M |
|
1777
Erie Indemnity
ERIE
$12.4B
| $6.36M | ﹤0.01% |
76,697
-2,260
| -3% | -$188K |
|
|
SLCA
1778
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $6.35M | ﹤0.01% |
450,662
+28,576
| +7% | +$609K |
|
1779
Badger Meter
BMI
$3.97B
| $6.33M | ﹤0.01% |
218,062
-13,098
| -6% | -$388K |
|
|
TFM
1780
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $6.29M | ﹤0.01% |
278,407
+84,207
| +43% | +$2.29M |
|
1781
Albany International
AIN
$2.13B
| $6.26M | ﹤0.01% |
218,791
| – | – |
|
|
FNSR
1782
DELISTED
Finisar Corp
FNSR
| $6.19M | ﹤0.01% |
556,444
-84,000
| -13% | -$1.32M |
|
1783
1st Source
SRCE
$2.18B
| $6.15M | ﹤0.01% |
199,691
-1
| -0% | -$31 |
|
1784
Forrester Research
FORR
$221M
| $6.12M | ﹤0.01% |
194,699
| – | – |
|
|
WIRE
1785
DELISTED
Encore Wire Corp
WIRE
| $6.07M | ﹤0.01% |
185,840
| – | – |
|
1786
Saia
SAIA
$9.61B
| $6.07M | ﹤0.01% |
196,080
+117,980
| +151% | +$4.5M |
|
1787
Tompkins Financial
TMP
$1.45B
| $6.06M | ﹤0.01% |
113,536
| – | – |
|
|
CALY
1788
Callaway Golf Company
CALY
$3.43B
| $6.05M | ﹤0.01% |
724,926
-25,000
| -3% | -$219K |
|
1789
Simmons First National
SFNC
$3.45B
| $6.05M | ﹤0.01% |
252,570
+19,052
| +8% | +$436K |
|
|
BRS
1790
DELISTED
Bristow Group, Inc.
BRS
| $6.03M | ﹤0.01% |
230,655
-93,594
| -29% | -$3.74M |
|
|
RSPP
1791
DELISTED
RSP Permian, Inc.
RSPP
| $6.02M | ﹤0.01% |
297,133
+50,000
| +20% | +$1.18M |
|
|
BSFT
1792
DELISTED
BroadSoft, Inc.
BSFT
| $6.01M | ﹤0.01% |
200,547
| – | – |
|
|
DEL
1793
DELISTED
Deltic Timber
DEL
| $6M | ﹤0.01% |
100,356
| – | – |
|
|
BDBD
1794
DELISTED
BOULDER BRANDS INC
BDBD
| $5.99M | ﹤0.01% |
730,817
| – | – |
|
|
DMND
1795
DELISTED
DIAMOND FOODS, INC.
DMND
| $5.98M | ﹤0.01% |
+193,719
| New | +$6.07M |
|
|
PRFT
1796
DELISTED
Perficient Inc
PRFT
| $5.96M | ﹤0.01% |
386,297
| – | – |
|
1797
QuidelOrtho
QDEL
$1.21B
| $5.93M | ﹤0.01% |
314,346
| – | – |
|
|
TBRG
1798
DELISTED
TruBridge
TBRG
| $5.92M | ﹤0.01% |
140,487
| – | – |
|
1799
Crocs
CROX
$6.47B
| $5.9M | ﹤0.01% |
456,760
| – | – |
|
|
SRG
1800
Seritage Growth Properties
SRG
$137M
| $5.9M | ﹤0.01% |
+158,499
| New | +$6.28M |
|
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.