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 | |
|---|---|---|---|---|---|---|
801
Copart
CPRT
$27B
| $36.4M | 0.02% |
7,980,456
-2,640,000
| -25% | -$11.3M |
|
802
Universal Display
OLED
$3.68B
| $36.4M | 0.02% |
1,309,966
+364,310
| +39% | +$10.4M |
|
|
PPLI
803
People Inc
PPLI
$3.09B
| $36.3M | 0.02% |
3,345,304
| – | – |
|
|
UMPQ
804
DELISTED
Umpqua Holdings Corp
UMPQ
| $36.3M | 0.02% |
2,132,124
+587,696
| +38% | +$9.95M |
|
805
AptarGroup
ATR
$8.55B
| $36.2M | 0.02% |
541,088
| – | – |
|
806
Knowles
KN
$3.13B
| $36M | 0.02% |
1,528,854
-52,832
| -3% | -$1.09M |
|
807
SPX Corp
SPXC
$11B
| $36M | 0.02% |
1,663,452
+84,551
| +5% | +$1.89M |
|
808
Trinity Industries
TRN
$2.49B
| $35.7M | 0.02% |
1,772,353
| – | – |
|
|
EGN
809
DELISTED
Energen
EGN
| $35.7M | 0.02% |
560,307
| – | – |
|
|
SIX
810
DELISTED
Six Flags Entertainment Corp.
SIX
| $35.7M | 0.02% |
827,801
-24,301
| -3% | -$956K |
|
811
Rithm Capital
RITM
$5.52B
| $35.7M | 0.02% |
2,794,951
-1
| -0% | -$13 |
|
812
Zebra Technologies
ZBRA
$14B
| $35.7M | 0.02% |
461,050
+15,998
| +4% | +$1.15M |
|
|
DRE
813
DELISTED
Duke Realty Corp.
DRE
| $35.7M | 0.02% |
1,766,432
-780,149
| -31% | -$14.8M |
|
814
A.O. Smith
AOS
$8.17B
| $35.6M | 0.02% |
1,262,856
| – | – |
|
815
Equity Lifestyle Properties
ELS
$12.6B
| $35.5M | 0.02% |
1,378,666
| – | – |
|
|
AXE
816
DELISTED
Anixter International Inc
AXE
| $35.5M | 0.02% |
401,694
+82,616
| +26% | +$6.99M |
|
817
Service Corp International
SCI
$11.7B
| $35.3M | 0.02% |
1,557,016
+17,974
| +1% | +$394K |
|
818
Nordson
NDSN
$16.6B
| $35.3M | 0.02% |
452,613
+44,369
| +11% | +$3.37M |
|
|
DHC
819
Diversified Healthcare Trust
DHC
$2.15B
| $35.3M | 0.02% |
1,610,043
| – | – |
|
|
VR
820
DELISTED
Validus Hold Ltd
VR
| $35.3M | 0.02% |
848,821
| – | – |
|
821
Allstate
ALL
$68B
| $35.2M | 0.02% |
501,304
-562,553
| -53% | -$37M |
|
822
Eldorado Gold
EGO
$7.87B
| $35.2M | 0.02% |
1,150,557
| – | – |
|
|
CPHD
823
DELISTED
Cepheid Inc
CPHD
| $35.2M | 0.02% |
649,479
+10,000
| +2% | +$506K |
|
|
ACC
824
DELISTED
American Campus Communities, Inc.
ACC
| $35.1M | 0.02% |
849,816
| – | – |
|
|
SCTY
825
DELISTED
SolarCity Corporation
SCTY
| $35.1M | 0.02% |
657,108
+197,000
| +43% | +$10.6M |
|
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.