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 | |
|---|---|---|---|---|---|---|
|
DST
751
DELISTED
DST Systems Inc.
DST
| $39.5M | 0.02% |
840,092
+33,238
| +4% | +$1.56M |
|
752
Reliance Steel & Aluminium
RS
$20.7B
| $39.5M | 0.02% |
645,190
+31,506
| +5% | +$2M |
|
753
ON Semiconductor
ON
$31.8B
| $39.3M | 0.02% |
3,880,528
+226,757
| +6% | +$1.99M |
|
754
Jabil
JBL
$33B
| $39.3M | 0.02% |
1,798,325
-46,970
| -3% | -$955K |
|
755
Dick's Sporting Goods
DKS
$17.5B
| $39.3M | 0.02% |
790,654
| – | – |
|
756
Omega Healthcare
OHI
$15.1B
| $39.2M | 0.02% |
1,002,848
| – | – |
|
757
Nucor
NUE
$58.6B
| $39.1M | 0.02% |
797,330
| – | – |
|
758
Old Republic International
ORI
$10.5B
| $39M | 0.02% |
2,666,326
+70,323
| +3% | +$1.03M |
|
759
Principal Financial Group
PFG
$24.3B
| $38.9M | 0.02% |
748,813
+100,096
| +15% | +$5.19M |
|
|
FLIR
760
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $38.8M | 0.02% |
1,200,546
| – | – |
|
761
Brunswick
BC
$5.13B
| $38.7M | 0.02% |
755,154
+20,421
| +3% | +$956K |
|
762
PTC
PTC
$15.8B
| $38.6M | 0.02% |
1,053,546
-139,915
| -12% | -$5.18M |
|
|
NE
763
DELISTED
Noble Corporation
NE
| $38.6M | 0.02% |
2,329,602
+52,219
| +2% | +$995K |
|
764
Assured Guaranty
AGO
$3.66B
| $38.6M | 0.02% |
1,483,697
-117,911
| -7% | -$2.84M |
|
|
TCO
765
DELISTED
Taubman Centers Inc.
TCO
| $38.4M | 0.02% |
502,734
| – | – |
|
766
Steris
STE
$22.3B
| $38.4M | 0.02% |
592,151
| – | – |
|
767
Lennox International
LII
$14.4B
| $38.4M | 0.02% |
403,746
+10,695
| +3% | +$950K |
|
|
SPLK
768
DELISTED
Splunk Inc
SPLK
| $38.4M | 0.02% |
650,955
-14,954
| -2% | -$918K |
|
769
Revvity
RVTY
$12.6B
| $38.4M | 0.02% |
877,387
| – | – |
|
770
SITE Centers
SITC
$225M
| $38.3M | 0.02% |
1,620,245
-587,837
| -27% | -$13.6M |
|
|
STR
771
DELISTED
QUESTAR CORP
STR
| $38.3M | 0.02% |
1,513,972
+67,751
| +5% | +$1.62M |
|
772
West Pharmaceutical
WST
$24B
| $38.3M | 0.02% |
718,445
+131,053
| +22% | +$6.56M |
|
773
Palo Alto Networks
PANW
$270B
| $38.2M | 0.02% |
1,868,214
-137,562
| -7% | -$2.54M |
|
774
Charles River Laboratories
CRL
$11.2B
| $38M | 0.02% |
597,606
+137,881
| +30% | +$8.64M |
|
|
SRC
775
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $38M | 0.02% |
711,783
| – | – |
|
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.