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 | |
|---|---|---|---|---|---|---|
|
CRR
1826
DELISTED
Carbo Ceramics Inc.
CRR
| $5.34M | ﹤0.01% |
281,122
| – | – |
|
1827
McGrath RentCorp
MGRC
$2.92B
| $5.34M | ﹤0.01% |
199,967
| – | – |
|
|
AMFW
1828
DELISTED
AMEC Foster Wheeler plc
AMFW
| $5.27M | ﹤0.01% |
484,239
-77,200
| -14% | -$945K |
|
1829
First Commonwealth Financial
FCF
$2.2B
| $5.25M | ﹤0.01% |
577,550
| – | – |
|
|
UTIW
1830
DELISTED
UTI WORLDWIDE INC
UTIW
| $5.19M | ﹤0.01% |
1,129,801
| – | – |
|
1831
Pan American Silver
PAAS
$18.4B
| $5.18M | ﹤0.01% |
819,554
-129,442
| -14% | -$885K |
|
1832
Nordic American Tanker
NAT
$1.36B
| $5.17M | ﹤0.01% |
342,809
+160,903
| +88% | +$2.4M |
|
1833
SPX Corp
SPXC
$10.7B
| $5.16M | ﹤0.01% |
432,846
-1,821,693
| -81% | -$28M |
|
|
KRA
1834
DELISTED
Kraton Corporation
KRA
| $5.15M | ﹤0.01% |
287,618
-6,688
| -2% | -$142K |
|
|
STNR
1835
DELISTED
STEINER LEISURE LTD
STNR
| $5.15M | ﹤0.01% |
81,474
-74,789
| -48% | -$4.44M |
|
|
QTS
1836
DELISTED
QTS REALTY TRUST, INC.
QTS
| $5.13M | ﹤0.01% |
117,513
+87,513
| +292% | +$3.57M |
|
1837
Community Trust Bancorp
CTBI
$1.43B
| $5.11M | ﹤0.01% |
144,012
-20,000
| -12% | -$701K |
|
1838
TriNet
TNET
$3.24B
| $5.08M | ﹤0.01% |
302,173
+123,881
| +69% | +$2.53M |
|
|
KCG
1839
DELISTED
KCG Holdings, Inc.
KCG
| $5.07M | ﹤0.01% |
462,000
+115,350
| +33% | +$1.28M |
|
1840
Primoris Services
PRIM
$4.77B
| $5.06M | ﹤0.01% |
282,663
-25,000
| -8% | -$450K |
|
1841
Alaunos Therapeutics
TCRT
$4.66M
| $5.06M | ﹤0.01% |
+3,742
| New | +$6.18M |
|
1842
Washington Trust Bancorp
WASH
$755M
| $5.04M | ﹤0.01% |
130,945
| – | – |
|
|
ALDR
1843
DELISTED
Alder Biopharmaceuticals
ALDR
| $5.02M | ﹤0.01% |
+153,339
| New | +$6.52M |
|
1844
AAR Corp
AIR
$5.71B
| $4.98M | ﹤0.01% |
262,322
+60,486
| +30% | +$1.57M |
|
1845
Helix Energy Solutions
HLX
$1.36B
| $4.97M | ﹤0.01% |
1,038,473
| – | – |
|
|
UHT
1846
Universal Health Realty Income Trust
UHT
$592M
| $4.95M | ﹤0.01% |
105,357
| – | – |
|
1847
Altisource Portfolio Solutions
ASPS
$63.7M
| $4.87M | ﹤0.01% |
25,530
| – | – |
|
1848
MBIA
MBI
$266M
| $4.87M | ﹤0.01% |
800,749
| – | – |
|
|
AAV
1849
DELISTED
Advantage Oil & Gas Ltd
AAV
| $4.85M | ﹤0.01% |
932,665
-77,700
| -8% | -$431K |
|
|
BLOX
1850
DELISTED
Infoblox Inc
BLOX
| $4.83M | ﹤0.01% |
302,370
-35,000
| -10% | -$764K |
|
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.