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 | |
|---|---|---|---|---|---|---|
1851
Aramark
ARMK
$15.2B
| $6.01M | ﹤0.01% |
268,575
-540,228
| -67% | -$12.2M |
|
1852
Titan International
TWI
$458M
| $6M | ﹤0.01% |
559,061
+376,728
| +207% | +$3.97M |
|
1853
Team
TISI
$123M
| $6M | ﹤0.01% |
14,899
-189
| -1% | -$75.6K |
|
|
NTK
1854
DELISTED
NORTEK INC COM NEW (DE)
NTK
| $5.98M | ﹤0.01% |
71,902
| – | – |
|
|
WAC
1855
DELISTED
Walter Investment Mgt Corp
WAC
| $5.97M | ﹤0.01% |
260,911
-62,500
| -19% | -$1.19M |
|
1856
National Healthcare
NHC
$3.53B
| $5.96M | ﹤0.01% |
91,724
| – | – |
|
|
NAV
1857
DELISTED
Navistar International
NAV
| $5.94M | ﹤0.01% |
262,559
-150,923
| -37% | -$4.13M |
|
|
BBOX
1858
DELISTED
Black Box Corp
BBOX
| $5.94M | ﹤0.01% |
296,778
-81,400
| -22% | -$1.66M |
|
|
HNGR
1859
DELISTED
Hanger Inc.
HNGR
| $5.87M | ﹤0.01% |
250,535
-44,173
| -15% | -$1.03M |
|
|
BXE
1860
DELISTED
Bellatrix Exploration Ltd.
BXE
| $5.84M | ﹤0.01% |
501,371
+260,000
| +108% | +$3.72M |
|
|
CKP
1861
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $5.81M | ﹤0.01% |
570,546
+17,300
| +3% | +$182K |
|
1862
Community Trust Bancorp
CTBI
$1.38B
| $5.72M | ﹤0.01% |
164,012
| – | – |
|
|
FRED
1863
DELISTED
Fred's Inc
FRED
| $5.7M | ﹤0.01% |
295,387
-124,326
| -30% | -$2.21M |
|
1864
Gibraltar Industries
ROCK
$1.33B
| $5.68M | ﹤0.01% |
278,648
-98,930
| -26% | -$1.8M |
|
|
PRSU
1865
Pursuit Attractions and Hospitality Inc
PRSU
$1.33B
| $5.66M | ﹤0.01% |
208,915
+35,200
| +20% | +$956K |
|
|
DCOM
1866
DELISTED
Dime Community Bancshares
DCOM
| $5.64M | ﹤0.01% |
333,013
| – | – |
|
1867
V2X
VVX
$2.36B
| $5.54M | ﹤0.01% |
222,744
-21,000
| -9% | -$541K |
|
1868
First Commonwealth Financial
FCF
$2.14B
| $5.54M | ﹤0.01% |
577,550
| – | – |
|
1869
Apogee Enterprises
APOG
$787M
| $5.52M | ﹤0.01% |
104,899
| – | – |
|
|
TRST
1870
Trustco Bank Corp NY
TRST
$977M
| $5.51M | ﹤0.01% |
156,741
| – | – |
|
1871
Quanex
NX
$952M
| $5.49M | ﹤0.01% |
256,250
-18,818
| -7% | -$363K |
|
|
KKD
1872
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $5.49M | ﹤0.01% |
284,921
-137,063
| -32% | -$2.54M |
|
1873
Comtech Telecommunications
CMTL
$44.6M
| $5.46M | ﹤0.01% |
187,833
| – | – |
|
1874
Simmons First National
SFNC
$3.3B
| $5.45M | ﹤0.01% |
233,518
| – | – |
|
1875
NN Inc
NNBR
$269M
| $5.4M | ﹤0.01% |
211,663
| – | – |
|
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.