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 | |
|---|---|---|---|---|---|---|
|
CTRA
376
DELISTED
Coterra Energy
CTRA
| $91.7M | 0.05% |
3,095,426
| – | – |
|
377
Xcel Energy
XEL
$48.8B
| $91.5M | 0.05% |
2,548,473
+30,395
| +1% | +$1.02M |
|
|
COL
378
DELISTED
Rockwell Collins
COL
| $91.5M | 0.05% |
1,083,011
+12,639
| +1% | +$1.04M |
|
379
Advance Auto Parts
AAP
$3.35B
| $91.2M | 0.05% |
572,490
+6,863
| +1% | +$1.01M |
|
380
Clorox
CLX
$11.6B
| $91.1M | 0.05% |
874,235
-41,610
| -5% | -$4.16M |
|
|
ATVI
381
DELISTED
Activision Blizzard
ATVI
| $90.9M | 0.05% |
4,509,569
+361,075
| +9% | +$7.29M |
|
|
XLNX
382
DELISTED
Xilinx Inc
XLNX
| $90.8M | 0.05% |
2,097,724
| – | – |
|
383
Coca-Cola Europacific Partners
CCEP
$48.3B
| $90.7M | 0.05% |
2,050,744
| – | – |
|
384
Regions Financial
RF
$26.4B
| $90.5M | 0.05% |
8,569,128
+597,908
| +8% | +$5.97M |
|
385
Quest Diagnostics
DGX
$25.7B
| $90.3M | 0.05% |
1,345,861
+31,506
| +2% | +$1.99M |
|
386
Incyte
INCY
$24.2B
| $90.2M | 0.05% |
1,234,320
-93,764
| -7% | -$6.13M |
|
|
ENDP
387
DELISTED
Endo International plc
ENDP
| $90.2M | 0.05% |
1,247,774
+108,361
| +10% | +$7.42M |
|
388
C.H. Robinson
CHRW
$17.4B
| $89.9M | 0.05% |
1,199,862
| – | – |
|
389
Molson Coors Class B
TAP
$7.79B
| $89.6M | 0.05% |
1,202,896
+40,382
| +3% | +$2.99M |
|
390
Newell Brands
NWL
$2.38B
| $89.3M | 0.05% |
2,345,511
+27,824
| +1% | +$981K |
|
|
CTRX
391
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $89M | 0.05% |
1,716,137
| – | – |
|
392
Pembina Pipeline
PBA
$28.4B
| $89M | 0.05% |
2,433,802
+26,694
| +1% | +$1.01M |
|
393
Host Hotels & Resorts
HST
$17.2B
| $88.8M | 0.05% |
3,735,370
-2,092,743
| -36% | -$47.6M |
|
|
CSC
394
DELISTED
Computer Sciences
CSC
| $88.2M | 0.04% |
3,321,023
+119,545
| +4% | +$3.08M |
|
395
Travel + Leisure Co
TNL
$4.66B
| $88M | 0.04% |
2,273,228
| – | – |
|
|
LLTC
396
DELISTED
Linear Technology Corp
LLTC
| $87.7M | 0.04% |
1,924,071
+73,493
| +4% | +$3.2M |
|
397
NRG Energy
NRG
$28.3B
| $87.4M | 0.04% |
3,241,363
+238,384
| +8% | +$7.06M |
|
|
ALTR
398
DELISTED
Altera Corp
ALTR
| $87.1M | 0.04% |
2,358,576
-56,778
| -2% | -$2.01M |
|
399
Rockwell Automation
ROK
$53.4B
| $87.1M | 0.04% |
783,353
-83,986
| -10% | -$9.21M |
|
400
Sun Life Financial
SLF
$46B
| $87M | 0.04% |
2,404,091
+1,279,701
| +114% | +$45.8M |
|
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.