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 | |
|---|---|---|---|---|---|---|
|
FSL
726
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $42.8M | 0.02% |
1,050,857
+137,356
| +15% | +$4.73M |
|
727
Owens Corning
OC
$11.2B
| $42.8M | 0.02% |
985,610
+47,997
| +5% | +$1.9M |
|
728
NNN REIT
NNN
$9.16B
| $42.8M | 0.02% |
1,043,608
+36,641
| +4% | +$1.52M |
|
|
STRZA
729
DELISTED
Starz - Series A
STRZA
| $42.5M | 0.02% |
1,235,515
+142,525
| +13% | +$4.47M |
|
730
AutoNation
AN
$7.18B
| $42.3M | 0.02% |
658,018
+89,698
| +16% | +$5.5M |
|
731
MarketAxess Holdings
MKTX
$5.73B
| $42.3M | 0.02% |
510,578
| – | – |
|
|
SCG
732
DELISTED
Scana
SCG
| $42.3M | 0.02% |
769,090
| – | – |
|
733
Dillards
DDS
$9.41B
| $42.3M | 0.02% |
309,736
+15,828
| +5% | +$1.97M |
|
|
SIRO
734
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $42.2M | 0.02% |
468,455
-29,145
| -6% | -$2.63M |
|
735
Public Storage
PSA
$59.3B
| $42.1M | 0.02% |
213,559
-438,683
| -67% | -$86.9M |
|
736
Jabil
JBL
$32.3B
| $42M | 0.02% |
1,798,325
| – | – |
|
737
Newmont
NEM
$101B
| $42M | 0.02% |
1,933,032
-11,250
| -0.6% | -$263K |
|
|
AMSG
738
DELISTED
Amsurg Corp
AMSG
| $41.9M | 0.02% |
681,417
| – | – |
|
|
NFX
739
DELISTED
Newfield Exploration
NFX
| $41.9M | 0.02% |
1,193,864
+149,954
| +14% | +$4.54M |
|
|
AVP
740
DELISTED
Avon Products, Inc.
AVP
| $41.9M | 0.02% |
5,239,918
+1,517,225
| +41% | +$12.6M |
|
741
Toll Brothers
TOL
$14B
| $41.8M | 0.02% |
1,063,537
+128,508
| +14% | +$4.7M |
|
742
Ziff Davis
ZD
$1.94B
| $41.7M | 0.02% |
730,149
+131,042
| +22% | +$7.29M |
|
743
Cemex
CX
$17.2B
| $41.6M | 0.02% |
4,942,611
+1,319,489
| +36% | +$11.4M |
|
744
Steris
STE
$22.5B
| $41.6M | 0.02% |
592,151
| – | – |
|
745
Huntington Bancshares
HBAN
$34.5B
| $41.5M | 0.02% |
3,759,518
+448,108
| +14% | +$4.73M |
|
|
WOOF
746
DELISTED
VCA Inc.
WOOF
| $41.5M | 0.02% |
757,487
| – | – |
|
747
Live Nation Entertainment
LYV
$42.7B
| $41.5M | 0.02% |
1,645,755
+54,813
| +3% | +$1.38M |
|
748
Cognex
CGNX
$10.4B
| $41.5M | 0.02% |
1,674,116
+212,754
| +15% | +$4.52M |
|
749
Omega Healthcare
OHI
$15.1B
| $41.5M | 0.02% |
1,022,214
+19,366
| +2% | +$802K |
|
|
XLS
750
DELISTED
EXELIS INC COM STK
XLS
| $41.4M | 0.02% |
1,697,065
-131,909
| -7% | -$2.82M |
|
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.