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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+2.17%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$204B
AUM Growth
+$7.29B
Cap. Flow
+$5.19B
Cap. Flow %
2.54%
Top 10 Hldgs %
13.96%
Holding
2,408
New
58
Increased
867
Reduced
848
Closed
123

Top Buys

Rank Stock Value
1
PRU icon
Prudential Financial
PRU
+$520M
2
AGN
Allergan plc
AGN
+$334M
3
MDT icon
Medtronic
MDT
+$272M
4
VNO icon
Vornado Realty Trust
VNO
+$240M
5
SLG icon
SL Green Realty
SLG
+$215M

Top Sells

Rank Stock Value
1
BLK icon
Blackrock
BLK
+$586M
2
AGN
Allergan Inc
AGN
+$454M
3
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$354M
4
AMT icon
American Tower
AMT
+$194M
5
PFE icon
Pfizer
PFE
+$177M

Sector Composition

Rank Sector Weight
1 Financials 18.16%
2 Technology 14%
3 Healthcare 13.8%
4 Industrials 9.48%
5 Consumer Discretionary 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCO icon
251
Moody's
MCO
$83.7B
$161M 0.08%
1,549,201
+54,928
+4% +$5.31M
CMS icon
252
CMS Energy
CMS
$23.3B
$158M 0.08%
4,533,027
– –
DOC icon
253
Healthpeak Properties
DOC
$15.5B
$158M 0.08%
4,008,825
+276,411
+7% +$11.1M
ADI icon
254
Analog Devices
ADI
$172B
$157M 0.08%
2,493,065
+66,852
+3% +$3.79M
SBNY
255
DELISTED
Signature Bank
SBNY
$157M 0.08%
1,209,554
-9,876
-0.8% -$1.23M
PCYC
256
DELISTED
PHARMACYCLICS INC
PCYC
$154M 0.08%
601,313
+17,548
+3% +$3.39M
WCN
257
Waste Connections
WCN
$43.6B
$154M 0.08%
4,790,292
+376,212
+9% +$11.5M
KSS icon
258
Kohl's
KSS
$2.16B
$154M 0.08%
1,963,537
-17,722
-0.9% -$1.21M
AAL icon
259
American Airlines Group
AAL
$9.82B
$153M 0.07%
2,895,479
+666,841
+30% +$33.9M
TFCF
260
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$153M 0.07%
4,640,760
+362,696
+8% +$12.2M
STJ
261
DELISTED
St Jude Medical
STJ
$152M 0.07%
2,316,745
+176,652
+8% +$11.7M
FISV
262
Fiserv Inc
FISV
$29.7B
$151M 0.07%
3,809,334
+193,584
+5% +$7.38M
LVLT
263
DELISTED
Level 3 Communications Inc
LVLT
$151M 0.07%
2,805,936
+38,693
+1% +$2.02M
DVA icon
264
DaVita
DVA
$15.5B
$151M 0.07%
1,858,138
+116,937
+7% +$8.97M
EA icon
265
Electronic Arts
EA
$52.7B
$150M 0.07%
2,546,881
+285,037
+13% +$15.4M
DG icon
266
Dollar General
DG
$28.4B
$150M 0.07%
1,986,105
+93,180
+5% +$6.59M
PPL
267
PPL Corp
PPL
$26.9B
$149M 0.07%
4,757,736
+1,055,124
+28% +$33.9M
TSLA icon
268
Tesla
TSLA
$1.18T
$149M 0.07%
11,827,815
-220,605
-2% -$2.98M
LKQ icon
269
LKQ Corp
LKQ
$6.72B
$148M 0.07%
5,804,601
+175,593
+3% +$4.55M
GEN icon
270
Gen Digital
GEN
$16.5B
$147M 0.07%
6,303,886
+427,659
+7% +$10.7M
NXPI icon
271
NXP Semiconductors
NXPI
$60.8B
$146M 0.07%
1,459,371
-96,844
-6% -$8.53M
CMG icon
272
Chipotle Mexican Grill
CMG
$43.9B
$146M 0.07%
11,206,600
+344,850
+3% +$4.71M
XRX icon
273
Xerox
XRX
$345M
$146M 0.07%
4,305,948
+252,521
+6% +$8.91M
SCHW
274
Charles Schwab
SCHW
$182B
$145M 0.07%
4,770,887
+427,748
+10% +$12.4M
CF icon
275
CF Industries
CF
$19.6B
$145M 0.07%
2,556,190
+35,720
+1% +$2.13M
9 10
11
12 13

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Norges Bank's Q1 2015 Portfolio in Review

As of Q1 2015, Norges Bank held 2,408 positions worth $204B, up 3.7% from $197B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Norges Bank's Q1 2015 filing shows 58 new, 867 increased, 848 reduced and 123 closed positions. Its largest new stake was Telus: 5,170,044 shares worth $85.9M. The largest sale was Blackrock, an estimated $586M.

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 Q1 2015 buy was Telus: 5,170,044 shares worth $85.9M.
  • Norges Bank added most to Prudential Financial in Q1 2015, an estimated $520M increase.
  • Norges Bank's biggest Q1 2015 reduction was Blackrock, cutting an estimated $586M.
  • Norges Bank fully exited Allergan Inc in Q1 2015, selling an estimated $454M.
  • Norges Bank's ten largest holdings make up 14% of its $204B portfolio in Q1 2015.
  • Norges Bank opened 58 new positions and closed 123 in Q1 2015.
  • Norges Bank's portfolio value rose 3.7% quarter-over-quarter to $204B.

Based on Norges Bank's 13F filing for Q1 2015, filed 11 May 2015.