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 | |
|---|---|---|---|---|---|---|
|
ZEN
1901
DELISTED
ZENDESK INC
ZEN
| $4.07M | ﹤0.01% |
+206,424
| New | +$4.34M |
|
1902
FirstService
FSV
$6.25B
| $4.06M | ﹤0.01% |
126,100
-124,337
| -50% | -$3.86M |
|
1903
Tredegar Corp
TG
$268M
| $4M | ﹤0.01% |
305,772
| – | – |
|
|
BBOX
1904
DELISTED
Black Box Corp
BBOX
| $3.99M | ﹤0.01% |
270,995
-25,783
| -9% | -$422K |
|
|
SALE
1905
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $3.99M | ﹤0.01% |
483,860
+275,000
| +132% | +$3.2M |
|
|
UNT
1906
DELISTED
UNIT Corporation
UNT
| $3.96M | ﹤0.01% |
351,536
-600
| -0.2% | -$10.2K |
|
1907
NN Inc
NNBR
$293M
| $3.92M | ﹤0.01% |
211,663
| – | – |
|
|
SYNH
1908
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $3.9M | ﹤0.01% |
97,538
+57,538
| +144% | +$2.51M |
|
1909
Clearway Energy Class C
CWEN
$4.97B
| $3.9M | ﹤0.01% |
335,904
+175,745
| +110% | +$3.04M |
|
1910
Arcos Dorados Holdings
ARCO
$1.74B
| $3.89M | ﹤0.01% |
1,469,043
| – | – |
|
1911
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
| $3.88M | ﹤0.01% |
482,908
-1,119
| -0.2% | -$10.1K |
|
1912
Comtech Telecommunications
CMTL
$50.9M
| $3.87M | ﹤0.01% |
187,833
| – | – |
|
1913
Park Aerospace
PKE
$803M
| $3.87M | ﹤0.01% |
219,933
| – | – |
|
|
HIFR
1914
DELISTED
InfraREIT, Inc.
HIFR
| $3.85M | ﹤0.01% |
162,651
| – | – |
|
|
VG
1915
DELISTED
Vonage Holdings Corporation
VG
| $3.83M | ﹤0.01% |
652,087
-212,700
| -25% | -$1.21M |
|
1916
Koppers
KOP
$984M
| $3.83M | ﹤0.01% |
189,819
-11,450
| -6% | -$243K |
|
|
ITG
1917
DELISTED
Investment Technology Group Inc
ITG
| $3.83M | ﹤0.01% |
286,991
| – | – |
|
|
TAL
1918
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $3.81M | ﹤0.01% |
278,664
| – | – |
|
1919
Zumiez
ZUMZ
$343M
| $3.79M | ﹤0.01% |
242,401
-36,742
| -13% | -$838K |
|
|
TIVO
1920
DELISTED
TIVO INC
TIVO
| $3.78M | ﹤0.01% |
436,565
| – | – |
|
1921
Cleveland-Cliffs
CLF
$6.93B
| $3.76M | ﹤0.01% |
1,542,446
| – | – |
|
1922
Gran Tierra Energy
GTE
$243M
| $3.75M | ﹤0.01% |
176,308
| – | – |
|
1923
Harte-Hanks
HHS
$16.5M
| $3.75M | ﹤0.01% |
106,223
-2,810
| -3% | -$127K |
|
1924
V2X
VVX
$2.51B
| $3.75M | ﹤0.01% |
170,144
-52,600
| -24% | -$1.27M |
|
|
CBPO
1925
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $3.75M | ﹤0.01% |
+41,700
| New | +$4.4M |
|
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.