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
|
+$1.96B |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$358M |
| 3 |
Prudential Financial
PRU
|
+$303M |
| 4 |
Prologis
PLD
|
+$294M |
| 5 |
Hilton Worldwide
HLT
|
+$294M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Simon Property Group
SPG
|
+$186M |
| 2 |
Seagate
STX
|
+$122M |
| 3 |
Travelers Companies
TRV
|
+$113M |
| 4 |
GGP
GGP Inc.
GGP
|
+$110M |
| 5 |
Parker-Hannifin
PH
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.43% |
| 2 | Technology | 13.92% |
| 3 | Healthcare | 13.28% |
| 4 | Industrials | 9.68% |
| 5 | Consumer Discretionary | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GMCR
251
DELISTED
KEURIG GREEN MTN INC
GMCR
| $149M | 0.08% |
1,124,761
+54,211
| +5% | +$7.69M |
|
|
PGRE
252
DELISTED
Paramount Group
PGRE
| $149M | 0.08% |
+8,000,000
| New | +$147M |
|
253
Chipotle Mexican Grill
CMG
$47.2B
| $149M | 0.08% |
10,861,750
+156,350
| +1% | +$2.05M |
|
|
JAH
254
DELISTED
JARDEN CORPORATION
JAH
| $148M | 0.08% |
3,096,620
-12,645
| -0.4% | -$550K |
|
255
Xerox
XRX
$387M
| $148M | 0.08% |
4,053,427
-32,225
| -0.8% | -$1.14M |
|
256
HCA Healthcare
HCA
$87.2B
| $148M | 0.08% |
2,015,278
-87,938
| -4% | -$6.18M |
|
257
Vornado Realty Trust
VNO
$7.41B
| $147M | 0.07% |
1,711,875
| – | – |
|
|
CERN
258
DELISTED
Cerner Corp
CERN
| $147M | 0.07% |
2,275,773
| – | – |
|
259
PG&E
PCG
$38.3B
| $146M | 0.07% |
2,751,598
-143,050
| -5% | -$7.09M |
|
260
O'Reilly Automotive
ORLY
$72.9B
| $145M | 0.07% |
11,305,575
| – | – |
|
261
Moody's
MCO
$82.8B
| $143M | 0.07% |
1,494,273
-33,263
| -2% | -$3.23M |
|
262
Intuitive Surgical
ISRG
$127B
| $143M | 0.07% |
2,426,832
-98,577
| -4% | -$5.49M |
|
263
Genuine Parts
GPC
$17.1B
| $142M | 0.07% |
1,333,489
-19,455
| -1% | -$1.91M |
|
264
Fidelity National Information Services
FIS
$23.1B
| $140M | 0.07% |
2,251,100
| – | – |
|
265
Motorola Solutions
MSI
$72.3B
| $140M | 0.07% |
2,084,962
-16,811
| -0.8% | -$1.07M |
|
|
BBBY
266
DELISTED
Bed Bath & Beyond Inc
BBBY
| $140M | 0.07% |
1,834,324
+15,962
| +0.9% | +$1.11M |
|
267
Lumen
LUMN
$6.57B
| $140M | 0.07% |
3,526,568
-1,131,843
| -24% | -$45.3M |
|
|
STJ
268
DELISTED
St Jude Medical
STJ
| $139M | 0.07% |
2,140,093
| – | – |
|
269
Cenovus Energy
CVE
$55.7B
| $139M | 0.07% |
6,713,519
+157,035
| +2% | +$3.62M |
|
270
Boston Scientific
BSX
$69.5B
| $138M | 0.07% |
10,400,506
+150,944
| +1% | +$1.93M |
|
271
W.W. Grainger
GWW
$65.3B
| $137M | 0.07% |
539,184
+50,740
| +10% | +$12.5M |
|
272
CF Industries
CF
$19.2B
| $137M | 0.07% |
2,520,470
+817,160
| +48% | +$43.1M |
|
|
K
273
DELISTED
Kellanova
K
| $137M | 0.07% |
2,229,001
+16,719
| +0.8% | +$1M |
|
|
LVLT
274
DELISTED
Level 3 Communications Inc
LVLT
| $137M | 0.07% |
2,767,243
+1,304,114
| +89% | +$60.2M |
|
|
CNH
275
CNH Industrial
CNH
$12.7B
| $136M | 0.07% |
19,293,190
| – | – |
|
Similar funds
Norges Bank's Q4 2014 Portfolio in Review
As of Q4 2014, Norges Bank held 2,423 positions worth $197B, up 6.6% from $185B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q4 2014 filing shows 94 new, 966 increased, 483 reduced and 73 closed positions. Its largest new stake was UBS Group: 114,662,320 shares worth $1.97B. The largest sale was Simon Property Group, an estimated $186M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q4 2014 buy was UBS Group: 114,662,320 shares worth $1.97B.
- Norges Bank added most to Twenty-First Century Fox, Inc. Class A in Q4 2014, an estimated $358M increase.
- Norges Bank's biggest Q4 2014 reduction was Simon Property Group, cutting an estimated $186M.
- Norges Bank fully exited TIM HORTONS INC COM, CANADA in Q4 2014, selling an estimated $93.9M.
- Norges Bank's ten largest holdings make up 14% of its $197B portfolio in Q4 2014.
- Norges Bank opened 94 new positions and closed 73 in Q4 2014.
- Norges Bank's portfolio value rose 6.6% quarter-over-quarter to $197B.
Based on Norges Bank's 13F filing for Q4 2014, filed 11 Feb 2015.