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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
ADSK icon
376
Autodesk
ADSK
$51.8B
$97.4M 0.05%
1,660,976
+114,595
+7% +$6.79M
CDK
377
DELISTED
CDK Global, Inc.
CDK
$97.3M 0.05%
2,080,701
+214,986
+12% +$9.8M
RHT
378
DELISTED
Red Hat Inc
RHT
$97.1M 0.05%
1,281,360
+161,311
+14% +$10.9M
AKAM icon
379
Akamai
AKAM
$15.6B
$96.9M 0.05%
1,363,990
+37,835
+3% +$2.5M
TNL icon
380
Travel + Leisure Co
TNL
$4.76B
$96.9M 0.05%
2,371,337
+98,109
+4% +$3.9M
AMG icon
381
Affiliated Managers Group
AMG
$9.51B
$96.8M 0.05%
450,868
-25,341
-5% -$5.35M
CPB icon
382
Campbell Soup
CPB
$6.85B
$96.8M 0.05%
2,080,209
+142,949
+7% +$6.6M
MWA icon
383
Mueller Water Products
MWA
$3.94B
$96.7M 0.05%
9,814,132
+2,568,338
+35% +$24.6M
XL
384
DELISTED
XL Group Ltd.
XL
$96.5M 0.05%
2,622,230
+205,274
+8% +$7.36M
SLF icon
385
Sun Life Financial
SLF
$45.6B
$95.8M 0.05%
3,110,185
+706,094
+29% +$22.5M
RIG icon
386
Transocean
RIG
$5.48B
$95.4M 0.05%
6,503,625
+32,767
+0.5% +$531K
TAP icon
387
Molson Coors Class B
TAP
$8.02B
$95.3M 0.05%
1,280,447
+77,551
+6% +$5.84M
CTRA
388
DELISTED
Coterra Energy
CTRA
$95.3M 0.05%
3,225,714
+130,288
+4% +$3.69M
LRCX icon
389
Lam Research
LRCX
$316B
$95M 0.05%
13,532,070
+779,090
+6% +$6.16M
NLY icon
390
Annaly Capital Management
NLY
$17.3B
$94.8M 0.05%
2,278,686
+303,502
+15% +$12.9M
NTRS icon
391
Northern Trust
NTRS
$21.8B
$94.8M 0.05%
1,360,490
+219,836
+19% +$15M
CLH icon
392
Clean Harbors
CLH
$17.2B
$94.4M 0.05%
1,663,280
-532,051
-24% -$27.6M
LHX icon
393
L3Harris
LHX
$55.4B
$93.8M 0.05%
1,191,204
+31,797
+3% +$2.32M
PH icon
394
Parker-Hannifin
PH
$120B
$93.8M 0.05%
789,348
+25,047
+3% +$3.04M
PPO
395
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
$93.3M 0.05%
1,583,899
+792,710
+100% +$41M
HRL icon
396
Hormel Foods
HRL
$14.2B
$93.3M 0.05%
3,280,540
+145,148
+5% +$3.97M
CLX icon
397
Clorox
CLX
$12B
$93M 0.05%
842,317
-31,918
-4% -$3.46M
NWL icon
398
Newell Brands
NWL
$2.21B
$92.9M 0.05%
2,376,720
+31,209
+1% +$1.2M
EQT icon
399
EQT Corp
EQT
$32.9B
$92.7M 0.05%
2,055,408
+84,924
+4% +$3.6M
ETR icon
400
Entergy
ETR
$50.3B
$92.6M 0.05%
2,389,702
+253,910
+12% +$10.4M
14 15
16
17 18

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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.