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 | |
|---|---|---|---|---|---|---|
576
Jazz Pharmaceuticals
JAZZ
$15.9B
| $57.4M | 0.03% |
350,674
+47,558
| +16% | +$7.89M |
|
|
RAD
577
DELISTED
Rite Aid Corporation
RAD
| $57.2M | 0.03% |
380,612
-24,706
| -6% | -$2.74M |
|
578
Arthur J. Gallagher & Co
AJG
$64.1B
| $57.2M | 0.03% |
1,215,309
+65,020
| +6% | +$3.05M |
|
579
TechnipFMC
FTI
$28.1B
| $57.1M | 0.03% |
1,638,679
+97,357
| +6% | +$3.69M |
|
580
Essex Property Trust
ESS
$18.3B
| $56.6M | 0.03% |
273,918
-228,401
| -45% | -$45.2M |
|
581
Wheaton Precious Metals
WPM
$49.5B
| $56.6M | 0.03% |
2,774,042
| – | – |
|
|
SLXP
582
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $56.5M | 0.03% |
491,747
+64,245
| +15% | +$7.78M |
|
583
Workday
WDAY
$39.6B
| $56.4M | 0.03% |
690,744
+31,526
| +5% | +$2.72M |
|
584
Murphy USA
MUSA
$11.2B
| $56.1M | 0.03% |
814,827
+299,863
| +58% | +$17.8M |
|
585
Jefferies Financial Group
JEF
$12.6B
| $55.9M | 0.03% |
2,787,282
+144,140
| +5% | +$2.97M |
|
586
Allegion
ALLE
$13.4B
| $55.9M | 0.03% |
1,007,421
-25,460
| -2% | -$1.32M |
|
587
Manulife Financial
MFC
$73.9B
| $55.9M | 0.03% |
2,917,527
+581,029
| +25% | +$11M |
|
|
SNI
588
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $55.7M | 0.03% |
740,630
| – | – |
|
589
Pediatrix Medical
MD
$2.18B
| $55.7M | 0.03% |
841,862
| – | – |
|
590
Assurant
AIZ
$13.8B
| $55.6M | 0.03% |
812,797
+31,377
| +4% | +$2.09M |
|
591
Avis
CAR
$4.86B
| $55.5M | 0.03% |
836,764
| – | – |
|
|
HAR
592
DELISTED
Harman International Industries
HAR
| $55.5M | 0.03% |
519,836
| – | – |
|
593
Oceaneering
OII
$4.86B
| $55.4M | 0.03% |
942,251
| – | – |
|
|
GAS
594
DELISTED
AGL Resources Inc
GAS
| $55.4M | 0.03% |
1,015,747
+66,195
| +7% | +$3.5M |
|
595
Keysight
KEYS
$54.5B
| $55.3M | 0.03% |
+1,636,723
| New | +$53.5M |
|
596
United Therapeutics
UTHR
$25.8B
| $55.2M | 0.03% |
426,026
+30,835
| +8% | +$3.97M |
|
597
Liberty Media Series C
FWONK
$24.6B
| $55.1M | 0.03% |
2,223,082
-776,138
| -26% | -$19.1M |
|
598
RPM International
RPM
$13.7B
| $55.1M | 0.03% |
1,086,978
+24,874
| +2% | +$1.16M |
|
|
GRA
599
DELISTED
W.R. Grace & Co.
GRA
| $54.9M | 0.03% |
575,880
+10,995
| +2% | +$1.02M |
|
600
Kimco Realty
KIM
$17.2B
| $54.6M | 0.03% |
2,173,592
-1,100,429
| -34% | -$26.9M |
|
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.