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 | |
|---|---|---|---|---|---|---|
776
UDR
UDR
$12.3B
| $37.8M | 0.02% |
1,226,780
-835,225
| -41% | -$25M |
|
777
Enovis
ENOV
$1.68B
| $37.7M | 0.02% |
425,240
+44,510
| +12% | +$4.03M |
|
|
DNB
778
DELISTED
Dun & Bradstreet
DNB
| $37.7M | 0.02% |
311,329
-16,474
| -5% | -$1.99M |
|
|
GNC
779
DELISTED
GNC Holdings, Inc.
GNC
| $37.6M | 0.02% |
800,439
| – | – |
|
780
Gaming and Leisure Properties
GLPI
$12.7B
| $37.5M | 0.02% |
1,278,082
-34,590
| -3% | -$1.07M |
|
781
RenaissanceRe
RNR
$13.3B
| $37.5M | 0.02% |
385,488
+29,792
| +8% | +$2.96M |
|
782
Kirby Corp
KEX
$7.01B
| $37.5M | 0.02% |
463,858
+18,972
| +4% | +$1.88M |
|
783
Leidos
LDOS
$14.5B
| $37.4M | 0.02% |
860,508
-12,450
| -1% | -$487K |
|
784
Essential Utilities
WTRG
$11.3B
| $37.4M | 0.02% |
1,402,030
| – | – |
|
785
Teleflex
TFX
$6.05B
| $37.3M | 0.02% |
324,809
+10,805
| +3% | +$1.22M |
|
|
AMSG
786
DELISTED
Amsurg Corp
AMSG
| $37.3M | 0.02% |
681,417
+321,307
| +89% | +$16.4M |
|
|
PPO
787
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $37.2M | 0.02% |
791,189
+337,705
| +74% | +$15.3M |
|
788
Genworth Financial
GNW
$3.76B
| $37.1M | 0.02% |
4,360,213
+76,104
| +2% | +$799K |
|
789
Herbalife
HLF
$1.29B
| $37M | 0.02% |
1,964,908
+128,242
| +7% | +$2.75M |
|
790
Oshkosh
OSK
$8.79B
| $36.9M | 0.02% |
759,358
| – | – |
|
|
WOOF
791
DELISTED
VCA Inc.
WOOF
| $36.9M | 0.02% |
757,487
+82,082
| +12% | +$3.69M |
|
|
PBCT
792
DELISTED
People's United Financial Inc
PBCT
| $36.9M | 0.02% |
2,432,964
| – | – |
|
793
Dillards
DDS
$9.19B
| $36.8M | 0.02% |
293,908
+8,304
| +3% | +$925K |
|
|
SVC
794
Service Properties Trust
SVC
$1.04B
| $36.8M | 0.02% |
238,832
| – | – |
|
795
Newmont
NEM
$98.7B
| $36.7M | 0.02% |
1,944,282
| – | – |
|
|
ESL
796
DELISTED
Esterline Technologies
ESL
| $36.7M | 0.02% |
335,020
+100,272
| +43% | +$11.3M |
|
|
TMH
797
DELISTED
Team Health Holdings Inc
TMH
| $36.7M | 0.02% |
638,613
+72,346
| +13% | +$4.17M |
|
798
MarketAxess Holdings
MKTX
$5.71B
| $36.6M | 0.02% |
510,578
+174,684
| +52% | +$11.5M |
|
|
VVC
799
DELISTED
Vectren Corporation
VVC
| $36.6M | 0.02% |
791,706
+81,863
| +12% | +$3.59M |
|
800
Align Technology
ALGN
$12.1B
| $36.4M | 0.02% |
651,552
+107,497
| +20% | +$5.69M |
|
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.