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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
PARA
526
DELISTED
Paramount Global Class B
PARA
$69.4M 0.03%
1,145,325
-3,416
-0.3% -$200K
NDAQ icon
527
Nasdaq
NDAQ
$53.2B
$69.4M 0.03%
4,088,505
-306,237
-7% -$4.98M
IPG
528
DELISTED
Interpublic Group of Companies
IPG
$69.3M 0.03%
3,131,670
+540,054
+21% +$11.5M
TROW icon
529
T. Rowe Price
TROW
$25.6B
$69.2M 0.03%
854,039
+56,321
+7% +$4.64M
DOV icon
530
Dover
DOV
$27.5B
$69M 0.03%
1,235,934
+97,157
+9% +$5.6M
RHI icon
531
Robert Half
RHI
$3.81B
$68.9M 0.03%
1,138,218
– –
WAB icon
532
Wabtec
WAB
$49.4B
$68.8M 0.03%
723,886
+675
+0.1% +$60.9K
FFIV icon
533
F5
FFIV
$22.1B
$67.8M 0.03%
589,928
+23,091
+4% +$2.72M
MRVL icon
534
Marvell Technology
MRVL
$165B
$67.6M 0.03%
4,596,581
+305,603
+7% +$4.83M
WTW icon
535
Willis Towers Watson
WTW
$31.7B
$67.6M 0.03%
529,283
+2,442
+0.5% +$300K
VRSN icon
536
VeriSign
VRSN
$25.9B
$67.4M 0.03%
1,005,777
+64,224
+7% +$3.9M
FTR
537
DELISTED
Frontier Communications Corp.
FTR
$67.2M 0.03%
635,556
+212,053
+50% +$23.5M
ITRI icon
538
Itron
ITRI
$4.33B
$67M 0.03%
1,836,256
+312,270
+20% +$11.6M
VMW
539
DELISTED
VMware, Inc
VMW
$66.5M 0.03%
811,019
+33,117
+4% +$2.71M
AEE icon
540
Ameren
AEE
$30.1B
$66.4M 0.03%
1,572,422
+25,537
+2% +$1.11M
ALL icon
541
Allstate
ALL
$68.3B
$66.3M 0.03%
931,425
+430,121
+86% +$30.4M
QSR icon
542
Restaurant Brands International
QSR
$25.8B
$65.8M 0.03%
1,715,864
-197,563
-10% -$7.87M
APD icon
543
Air Products & Chemicals
APD
$66.8B
$65.8M 0.03%
470,085
+74,464
+19% +$10.3M
AGNC icon
544
AGNC Investment
AGNC
$12.7B
$65.7M 0.03%
3,081,054
+106,270
+4% +$2.3M
SNA icon
545
Snap-on
SNA
$21.2B
$65.7M 0.03%
446,640
+15,839
+4% +$2.23M
NLSN
546
DELISTED
Nielsen Holdings plc
NLSN
$65.5M 0.03%
1,468,756
+118,912
+9% +$5.23M
FWONK icon
547
Liberty Media Series C
FWONK
$25.1B
$65.3M 0.03%
2,416,491
+193,409
+9% +$5.08M
Y
548
DELISTED
Alleghany Corp
Y
$65.3M 0.03%
134,103
+176
+0.1% +$82.3K
CHTR icon
549
Charter Communications
CHTR
$16.9B
$65M 0.03%
336,703
-406,693
-55% -$70.5M
MGM icon
550
MGM Resorts International
MGM
$11.7B
$64.5M 0.03%
3,068,862
+130,894
+4% +$2.74M
20 21
22
23 24

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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.