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 | |
|---|---|---|---|---|---|---|
|
ISLE
1951
DELISTED
Isle of Capri Casinos Inc
ISLE
| $3.69M | ﹤0.01% |
+203,169
| New | +$3.18M |
|
|
EPIQ
1952
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $3.69M | ﹤0.01% |
218,495
+10,400
| +5% | +$180K |
|
1953
Chegg
CHGG
$83M
| $3.69M | ﹤0.01% |
470,000
| – | – |
|
1954
Arista Networks
ANET
$251B
| $3.68M | ﹤0.01% |
720,000
| – | – |
|
1955
Biglari Holdings Class B
BH
$1.13B
| $3.65M | ﹤0.01% |
13,218
-8,244
| -38% | -$2.14M |
|
|
CTCM
1956
DELISTED
CTC MEDIA INC COM STK
CTCM
| $3.63M | ﹤0.01% |
1,599,793
+306,236
| +24% | +$1.08M |
|
1957
United Parks & Resorts
PRKS
$1.67B
| $3.61M | ﹤0.01% |
195,969
-100,937
| -34% | -$2.09M |
|
1958
Advanced Micro Devices
AMD
$854B
| $3.57M | ﹤0.01% |
1,487,949
-3,024,780
| -67% | -$7.32M |
|
1959
Republic Bancorp
RBCAA
$1.88B
| $3.57M | ﹤0.01% |
138,961
| – | – |
|
1960
Zurn Elkay Water Solutions
ZWS
$7.72B
| $3.57M | ﹤0.01% |
309,959
-261,902
| -46% | -$3.29M |
|
1961
Modine Manufacturing
MOD
$9.73B
| $3.55M | ﹤0.01% |
331,089
-37,774
| -10% | -$452K |
|
|
HTO
1962
H2O America
HTO
$2.64B
| $3.55M | ﹤0.01% |
115,677
| – | – |
|
1963
Tejon Ranch
TRC
$429M
| $3.55M | ﹤0.01% |
142,196
| – | – |
|
|
SWIR
1964
DELISTED
Sierra Wireless
SWIR
| $3.53M | ﹤0.01% |
+141,917
| New | +$4.59M |
|
1965
Clearway Energy Class C
CWEN
$6.18B
| $3.51M | ﹤0.01% |
160,159
+119,833
| +297% | +$3.01M |
|
1966
National Presto Industries
NPK
$1.09B
| $3.48M | ﹤0.01% |
43,389
+1,496
| +4% | +$102K |
|
1967
Century Aluminum
CENX
$4.03B
| $3.48M | ﹤0.01% |
334,041
| – | – |
|
|
INFI
1968
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $3.48M | ﹤0.01% |
318,079
+29,700
| +10% | +$381K |
|
|
SMRT
1969
DELISTED
Stein Mart Inc
SMRT
| $3.48M | ﹤0.01% |
332,028
+41,300
| +14% | +$475K |
|
|
AFFX
1970
DELISTED
Affymetrix Inc
AFFX
| $3.46M | ﹤0.01% |
316,895
| – | – |
|
|
HOS
1971
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $3.46M | ﹤0.01% |
168,302
-43,495
| -21% | -$954K |
|
|
EPE
1972
DELISTED
EP Energy Corporation
EPE
| $3.45M | ﹤0.01% |
271,254
| – | – |
|
|
AY
1973
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $3.43M | ﹤0.01% |
109,491
-124,832
| -53% | -$4.45M |
|
|
GNRT
1974
DELISTED
Gener8 Maritime, Inc.
GNRT
| $3.41M | ﹤0.01% |
+250,000
| New | +$3.36M |
|
|
RP
1975
DELISTED
RealPage, Inc.
RP
| $3.33M | ﹤0.01% |
174,371
-247,317
| -59% | -$4.79M |
|
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.