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 | |
|---|---|---|---|---|---|---|
1826
Tronox
TROX
$685M
| $6.4M | ﹤0.01% |
437,756
| – | – |
|
|
SSI
1827
DELISTED
Stage Stores Inc
SSI
| $6.39M | ﹤0.01% |
364,753
+97,642
| +37% | +$1.85M |
|
|
AAV
1828
DELISTED
Advantage Oil & Gas Ltd
AAV
| $6.39M | ﹤0.01% |
1,010,365
-390,000
| -28% | -$2.37M |
|
|
LORL
1829
DELISTED
Loral Space and Communications, Inc.
LORL
| $6.35M | ﹤0.01% |
100,599
-21,677
| -18% | -$1.46M |
|
1830
Armstrong World Industries
AWI
$6.67B
| $6.32M | ﹤0.01% |
118,517
-8,659
| -7% | -$483K |
|
1831
Flotek Industries
FTK
$1.02B
| $6.3M | ﹤0.01% |
83,844
+19,667
| +31% | +$1.59M |
|
1832
Ligand Pharmaceuticals
LGND
$5.49B
| $6.3M | ﹤0.01% |
100,054
+38,270
| +62% | +$2.09M |
|
1833
Altisource Portfolio Solutions
ASPS
$64.3M
| $6.29M | ﹤0.01% |
25,530
| – | – |
|
1834
Myers Industries
MYE
$1.16B
| $6.29M | ﹤0.01% |
330,806
-700
| -0.2% | -$12.3K |
|
|
CDR
1835
DELISTED
Cedar Realty Trust, Inc
CDR
| $6.26M | ﹤0.01% |
148,197
+17,721
| +14% | +$813K |
|
|
TFM
1836
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $6.24M | ﹤0.01% |
194,200
| – | – |
|
|
STL
1837
DELISTED
Sterling Bancorp
STL
| $6.22M | ﹤0.01% |
422,957
| – | – |
|
|
BRLI
1838
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $6.21M | ﹤0.01% |
150,500
-7,800
| -5% | -$280K |
|
1839
1st Source
SRCE
$2.07B
| $6.19M | ﹤0.01% |
199,692
| – | – |
|
1840
EXL Service
EXLS
$5.44B
| $6.19M | ﹤0.01% |
895,135
-979,890
| -52% | -$6.81M |
|
|
EBIX
1841
DELISTED
Ebix Inc
EBIX
| $6.18M | ﹤0.01% |
189,467
| – | – |
|
|
PTLA
1842
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $6.16M | ﹤0.01% |
135,134
+29,413
| +28% | +$1.18M |
|
|
ENOC
1843
DELISTED
EnerNOC, Inc.
ENOC
| $6.13M | ﹤0.01% |
632,218
| – | – |
|
1844
Tompkins Financial
TMP
$1.4B
| $6.1M | ﹤0.01% |
113,536
| – | – |
|
1845
Primoris Services
PRIM
$4.14B
| $6.09M | ﹤0.01% |
307,663
| – | – |
|
|
VTLE
1846
DELISTED
Vital Energy
VTLE
| $6.09M | ﹤0.01% |
24,195
| – | – |
|
1847
McGrath RentCorp
MGRC
$2.72B
| $6.08M | ﹤0.01% |
199,967
-21,431
| -10% | -$688K |
|
1848
FTAI Aviation
FTAI
$19.5B
| $6.02M | ﹤0.01% |
+388,772
| New | +$5.82M |
|
|
FFIC
1849
DELISTED
Flushing Financial
FFIC
| $6.01M | ﹤0.01% |
286,294
| – | – |
|
1850
Veeco
VECO
$2.51B
| $6.01M | ﹤0.01% |
209,210
+157,778
| +307% | +$4.84M |
|
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.