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 | |
|---|---|---|---|---|---|---|
301
FirstEnergy
FE
$28B
| $122M | 0.06% |
3,128,372
+197,808
| +7% | +$7.25M |
|
302
Keurig Dr Pepper
KDP
$42.3B
| $122M | 0.06% |
1,699,596
| – | – |
|
|
SIAL
303
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $122M | 0.06% |
885,498
+118,506
| +15% | +$16.1M |
|
304
Kohl's
KSS
$2.17B
| $121M | 0.06% |
1,981,259
+50,770
| +3% | +$2.93M |
|
305
Public Storage
PSA
$60.5B
| $121M | 0.06% |
652,242
-270,000
| -29% | -$48.9M |
|
|
STI
306
DELISTED
SunTrust Banks, Inc.
STI
| $120M | 0.06% |
2,865,891
| – | – |
|
|
GAP
307
The Gap Inc
GAP
$7.23B
| $120M | 0.06% |
2,850,577
+81,010
| +3% | +$3.18M |
|
308
Cheniere Energy
LNG
$55.2B
| $120M | 0.06% |
1,699,623
-13,899
| -0.8% | -$980K |
|
309
American Airlines Group
AAL
$10.1B
| $120M | 0.06% |
2,228,638
+81,267
| +4% | +$3.5M |
|
310
Paychex
PAYX
$41.6B
| $119M | 0.06% |
2,582,029
+74,115
| +3% | +$3.42M |
|
311
NXP Semiconductors
NXPI
$57.8B
| $119M | 0.06% |
1,556,215
-32,755
| -2% | -$2.32M |
|
312
Transocean
RIG
$5.89B
| $119M | 0.06% |
6,470,858
| – | – |
|
313
Consolidated Edison
ED
$40.1B
| $119M | 0.06% |
1,795,802
+57,084
| +3% | +$3.58M |
|
314
Dollar Tree
DLTR
$24.4B
| $118M | 0.06% |
1,671,943
+32,029
| +2% | +$2.02M |
|
|
MNK
315
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $118M | 0.06% |
1,186,803
-13,958
| -1% | -$1.28M |
|
316
Skyworks Solutions
SWKS
$9.37B
| $116M | 0.06% |
1,601,229
-196,081
| -11% | -$12.2M |
|
317
Harley-Davidson
HOG
$2.58B
| $116M | 0.06% |
1,763,909
+62,393
| +4% | +$4.03M |
|
318
Check Point Software Technologies
CHKP
$13B
| $116M | 0.06% |
1,475,184
-26,786
| -2% | -$1.99M |
|
|
BIN
319
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $116M | 0.06% |
3,842,580
-296,123
| -7% | -$8.46M |
|
|
NBL
320
DELISTED
Noble Energy, Inc.
NBL
| $115M | 0.06% |
2,430,574
+18,450
| +0.8% | +$1M |
|
|
WBC
321
DELISTED
WABCO HOLDINGS INC.
WBC
| $115M | 0.06% |
1,097,973
+197,349
| +22% | +$19.5M |
|
|
TWTR
322
DELISTED
Twitter, Inc.
TWTR
| $114M | 0.06% |
3,181,278
+55,021
| +2% | +$2.34M |
|
323
CarMax
KMX
$8.13B
| $114M | 0.06% |
1,710,924
| – | – |
|
324
Donaldson
DCI
$10.9B
| $114M | 0.06% |
2,946,896
| – | – |
|
|
SJR
325
DELISTED
Shaw Communications Inc.
SJR
| $113M | 0.06% |
4,170,665
+216,063
| +5% | +$5.61M |
|
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.