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 |
Prudential Financial
PRU
|
+$520M |
| 2 |
AGN
Allergan plc
AGN
|
+$334M |
| 3 |
Medtronic
MDT
|
+$272M |
| 4 |
Vornado Realty Trust
VNO
|
+$240M |
| 5 |
SL Green Realty
SLG
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$586M |
| 2 |
AGN
Allergan Inc
AGN
|
+$454M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$354M |
| 4 |
American Tower
AMT
|
+$194M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
351
Southwest Airlines
LUV
$22.3B
| $107M | 0.05% |
2,421,999
+62,136
| +3% | +$2.71M |
|
352
Agilent Technologies
A
$39.2B
| $107M | 0.05% |
2,576,597
+291,323
| +13% | +$11.8M |
|
353
Donaldson
DCI
$10.7B
| $107M | 0.05% |
2,834,671
-112,225
| -4% | -$4.2M |
|
354
NiSource
NI
$21.6B
| $107M | 0.05% |
6,157,447
-94,066
| -2% | -$1.59M |
|
355
Western Union
WU
$2.4B
| $106M | 0.05% |
5,092,806
+506,177
| +11% | +$9.42M |
|
356
Coca-Cola Europacific Partners
CCEP
$49.3B
| $106M | 0.05% |
2,396,977
+346,233
| +17% | +$15.1M |
|
|
ENDP
357
DELISTED
Endo International plc
ENDP
| $106M | 0.05% |
1,177,993
-69,781
| -6% | -$5.84M |
|
358
Quest Diagnostics
DGX
$25.9B
| $105M | 0.05% |
1,372,320
+26,459
| +2% | +$1.89M |
|
359
Steel Dynamics
STLD
$36.2B
| $105M | 0.05% |
5,244,147
+1,318,523
| +34% | +$24.6M |
|
|
LLL
360
DELISTED
L3 Technologies, Inc.
LLL
| $105M | 0.05% |
833,601
+54,449
| +7% | +$6.93M |
|
361
Check Point Software Technologies
CHKP
$13.1B
| $105M | 0.05% |
1,278,827
-196,357
| -13% | -$15.9M |
|
362
NVIDIA
NVDA
$4.72T
| $105M | 0.05% |
199,789,080
+4,276,880
| +2% | +$2.27M |
|
363
Universal Health Services
UHS
$9.88B
| $104M | 0.05% |
886,216
+8,734
| +1% | +$966K |
|
|
ALTR
364
DELISTED
Altera Corp
ALTR
| $104M | 0.05% |
2,430,588
+72,012
| +3% | +$2.58M |
|
|
SPLS
365
DELISTED
Staples Inc
SPLS
| $102M | 0.05% |
6,252,390
+348,641
| +6% | +$5.85M |
|
366
CBRE Group
CBRE
$43.3B
| $102M | 0.05% |
2,622,841
+270,720
| +12% | +$9.33M |
|
|
XLNX
367
DELISTED
Xilinx Inc
XLNX
| $101M | 0.05% |
2,392,686
+294,962
| +14% | +$12.1M |
|
|
CTRX
368
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $101M | 0.05% |
1,696,361
-19,776
| -1% | -$1.01M |
|
369
Henry Schein
HSIC
$9.7B
| $101M | 0.05% |
1,843,719
-27,303
| -1% | -$1.5M |
|
|
LLTC
370
DELISTED
Linear Technology Corp
LLTC
| $99.7M | 0.05% |
2,130,596
+206,525
| +11% | +$9.67M |
|
|
CXO
371
DELISTED
CONCHO RESOURCES INC.
CXO
| $98.9M | 0.05% |
853,153
+74,570
| +10% | +$8.12M |
|
372
Franklin Resources
BEN
$17.2B
| $98.3M | 0.05% |
1,914,543
+169,938
| +10% | +$9.02M |
|
373
Wynn Resorts
WYNN
$10.5B
| $97.8M | 0.05% |
777,152
+94,481
| +14% | +$13.5M |
|
374
Ametek
AME
$55B
| $97.5M | 0.05% |
1,856,156
+91,985
| +5% | +$4.71M |
|
|
SJR
375
DELISTED
Shaw Communications Inc.
SJR
| $97.5M | 0.05% |
4,344,572
+173,907
| +4% | +$4.14M |
|
Similar funds
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.