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 | |
|---|---|---|---|---|---|---|
501
Flowserve
FLS
$9.63B
| $73.1M | 0.04% |
1,294,668
+77,204
| +6% | +$4.48M |
|
|
FDO
502
DELISTED
FAMILY DOLLAR STORES
FDO
| $73.1M | 0.04% |
922,410
+13,793
| +2% | +$1.08M |
|
|
HAR
503
DELISTED
Harman International Industries
HAR
| $73M | 0.04% |
546,356
+26,520
| +5% | +$3.3M |
|
504
Lear
LEA
$7.33B
| $72.9M | 0.04% |
657,534
-45,000
| -6% | -$4.73M |
|
505
HF Sinclair
DINO
$16.7B
| $72.5M | 0.04% |
1,800,376
| – | – |
|
506
Centene
CNC
$30.1B
| $72.5M | 0.04% |
2,050,778
+96,158
| +5% | +$2.89M |
|
507
Lincoln National
LNC
$8.8B
| $72.5M | 0.04% |
1,260,910
+256,899
| +26% | +$14.3M |
|
|
HOLX
508
DELISTED
Hologic
HOLX
| $72.1M | 0.04% |
2,183,739
-219,764
| -9% | -$6.74M |
|
509
McCormick & Company Non-Voting
MKC
$13.7B
| $71.9M | 0.04% |
1,865,660
+82,536
| +5% | +$3.06M |
|
510
Hartford Financial Services
HIG
$39.2B
| $71.9M | 0.04% |
1,718,516
+106
| +0% | +$4.34K |
|
511
PVH
PVH
$4.01B
| $71.5M | 0.04% |
671,435
+57,324
| +9% | +$6.21M |
|
|
TLM
512
DELISTED
TALISMAN ENERGY INC
TLM
| $71.5M | 0.04% |
9,327,219
+872,004
| +10% | +$6.66M |
|
513
Cooper Companies
COO
$14.2B
| $71.4M | 0.04% |
1,524,236
-74,312
| -5% | -$3.14M |
|
514
Lennar Class A
LEN
$20.2B
| $70.9M | 0.03% |
1,437,425
+76,568
| +6% | +$3.49M |
|
515
Flex
FLEX
$41B
| $70.9M | 0.03% |
7,418,810
+355,051
| +5% | +$3.12M |
|
|
CIT
516
DELISTED
CIT Group Inc.
CIT
| $70.6M | 0.03% |
1,564,640
+117,419
| +8% | +$5.33M |
|
517
Lumen
LUMN
$6.76B
| $70.2M | 0.03% |
2,032,272
-1,494,296
| -42% | -$55.8M |
|
|
JAH
518
DELISTED
JARDEN CORPORATION
JAH
| $70.2M | 0.03% |
1,326,642
-1,769,978
| -57% | -$89.3M |
|
519
KeyCorp
KEY
$24.2B
| $70.1M | 0.03% |
4,948,834
+413,472
| +9% | +$5.68M |
|
520
Pinnacle West Capital
PNW
$12.3B
| $70M | 0.03% |
1,097,615
+26,660
| +2% | +$1.78M |
|
|
DISH
521
DELISTED
DISH Network Corp.
DISH
| $69.8M | 0.03% |
996,144
| – | – |
|
|
INXN
522
DELISTED
Interxion Holding N.V.
INXN
| $69.8M | 0.03% |
2,474,543
+283,217
| +13% | +$8.3M |
|
523
United Therapeutics
UTHR
$26.2B
| $69.6M | 0.03% |
403,871
-22,155
| -5% | -$3.38M |
|
524
Martin Marietta Materials
MLM
$32.4B
| $69.5M | 0.03% |
497,453
-29,937
| -6% | -$3.85M |
|
525
Microchip Technology
MCHP
$40.7B
| $69.5M | 0.03% |
2,841,094
+192,932
| +7% | +$4.65M |
|
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.