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 | |
|---|---|---|---|---|---|---|
|
WR
776
DELISTED
Westar Energy Inc
WR
| $39.5M | 0.02% |
1,020,121
-41,481
| -4% | -$1.67M |
|
|
LVNTA
777
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $39.5M | 0.02% |
940,898
-126,138
| -12% | -$4.9M |
|
|
NRF
778
DELISTED
NorthStar Realty Finance Corp.
NRF
| $39.5M | 0.02% |
1,089,492
+175,000
| +19% | +$6.48M |
|
779
Vermilion Energy
VET
$1.79B
| $39.4M | 0.02% |
938,120
-53,700
| -5% | -$2.36M |
|
780
Reliance Steel & Aluminium
RS
$20.6B
| $39.3M | 0.02% |
643,418
-1,772
| -0.3% | -$99.7K |
|
781
Kimco Realty
KIM
$17.1B
| $39.3M | 0.02% |
1,463,550
-710,042
| -33% | -$19.1M |
|
|
PBCT
782
DELISTED
People's United Financial Inc
PBCT
| $39.3M | 0.02% |
2,585,218
+152,254
| +6% | +$2.26M |
|
|
GNC
783
DELISTED
GNC Holdings, Inc.
GNC
| $39.3M | 0.02% |
800,439
| – | – |
|
|
LTRPA
784
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $39.1M | 0.02% |
1,229,853
+187,362
| +18% | +$5.41M |
|
785
Fortinet
FTNT
$114B
| $38.9M | 0.02% |
5,564,500
+421,905
| +8% | +$2.75M |
|
786
Cboe Global Markets
CBOE
$32.1B
| $38.9M | 0.02% |
677,553
-20,298
| -3% | -$1.26M |
|
787
Realty Income
O
$59.1B
| $38.8M | 0.02% |
776,057
-307,151
| -28% | -$15.4M |
|
|
HRC
788
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $38.7M | 0.02% |
790,397
+125,654
| +19% | +$5.98M |
|
|
GXP
789
DELISTED
Great Plains Energy Incorporated
GXP
| $38.7M | 0.02% |
1,451,271
| – | – |
|
790
Cimpress
CMPR
$2.31B
| $38.7M | 0.02% |
458,816
+130,659
| +40% | +$10.4M |
|
791
East-West Bancorp
EWBC
$17.9B
| $38.7M | 0.02% |
956,092
-133,698
| -12% | -$5.23M |
|
792
Alaska Air
ALK
$5.24B
| $38.6M | 0.02% |
583,488
| – | – |
|
|
SRC
793
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $38.6M | 0.02% |
712,424
+641
| +0.1% | +$35.5K |
|
794
Kirby Corp
KEX
$7.06B
| $38.6M | 0.02% |
514,133
+50,275
| +11% | +$3.88M |
|
795
A.O. Smith
AOS
$8.14B
| $38.5M | 0.02% |
1,173,414
-89,442
| -7% | -$2.72M |
|
|
WDR
796
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $38.4M | 0.02% |
775,052
-78,788
| -9% | -$3.77M |
|
797
Essex Property Trust
ESS
$18B
| $38.4M | 0.02% |
166,913
-107,005
| -39% | -$24.2M |
|
|
ESL
798
DELISTED
Esterline Technologies
ESL
| $38.3M | 0.02% |
335,020
| – | – |
|
799
Sensata Technologies
ST
$6.88B
| $38.3M | 0.02% |
666,752
-160,358
| -19% | -$8.54M |
|
800
Carter's
CRI
$1.38B
| $38.1M | 0.02% |
412,378
-71,497
| -15% | -$6.18M |
|
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.