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 | |
|---|---|---|---|---|---|---|
|
CYN
851
DELISTED
CITY NATIONAL CORPORATION
CYN
| $34.1M | 0.02% |
421,786
+72,789
| +21% | +$5.62M |
|
|
TQNT
852
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $34M | 0.02% |
1,232,882
| – | – |
|
|
GWR
853
DELISTED
Genesee & Wyoming Inc.
GWR
| $34M | 0.02% |
377,574
| – | – |
|
854
Lamar Advertising Co
LAMR
$16.2B
| $33.9M | 0.02% |
632,872
| – | – |
|
855
Brinker International
EAT
$9.17B
| $33.9M | 0.02% |
577,965
| – | – |
|
|
BIG
856
DELISTED
Big Lots, Inc.
BIG
| $33.9M | 0.02% |
847,451
+217,480
| +35% | +$9.67M |
|
857
Curtiss-Wright
CW
$26.7B
| $33.8M | 0.02% |
478,287
+76,956
| +19% | +$5.31M |
|
858
Banco Santander
SAN
$201B
| $33.7M | 0.02% |
4,356,442
+3,144,570
| +259% | +$25.3M |
|
|
BMR
859
DELISTED
BIOMED REALTY TRUST INC
BMR
| $33.6M | 0.02% |
1,559,064
| – | – |
|
860
Owens Corning
OC
$11.2B
| $33.6M | 0.02% |
937,613
| – | – |
|
|
TEN
861
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $33.5M | 0.02% |
592,410
| – | – |
|
862
Camden Property Trust
CPT
$11B
| $33.5M | 0.02% |
453,709
-229,551
| -34% | -$17M |
|
863
CNO Financial Group
CNO
$5.14B
| $33.4M | 0.02% |
1,938,499
-1,976
| -0.1% | -$34K |
|
864
Cullen/Frost Bankers
CFR
$10.3B
| $33.3M | 0.02% |
471,865
-24,652
| -5% | -$1.86M |
|
|
DNKN
865
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $33.3M | 0.02% |
781,201
-22,492
| -3% | -$1.03M |
|
866
WEX
WEX
$6.37B
| $33.3M | 0.02% |
336,496
+72,927
| +28% | +$7.77M |
|
|
SEMG
867
DELISTED
SEMGROUP CORPORATION
SEMG
| $33.2M | 0.02% |
486,125
+217,279
| +81% | +$16M |
|
868
Timken Company
TKR
$9.56B
| $33.2M | 0.02% |
778,801
+108,268
| +16% | +$4.55M |
|
|
ODP
869
DELISTED
ODP
ODP
| $33.2M | 0.02% |
387,150
| – | – |
|
870
Teledyne Technologies
TDY
$30.4B
| $33.2M | 0.02% |
323,001
+10,610
| +3% | +$1.07M |
|
871
Deluxe
DLX
$1.18B
| $33.1M | 0.02% |
532,400
+61,965
| +13% | +$3.64M |
|
872
Puma Biotechnology
PBYI
$404M
| $33.1M | 0.02% |
174,901
+17,820
| +11% | +$3.95M |
|
873
Maximus
MMS
$3.17B
| $32.9M | 0.02% |
599,273
+113,751
| +23% | +$5.53M |
|
|
PRXL
874
DELISTED
Parexel International Corp
PRXL
| $32.9M | 0.02% |
591,359
+49,690
| +9% | +$2.87M |
|
|
SHPG
875
DELISTED
Shire pic
SHPG
| $32.8M | 0.02% |
154,491
| – | – |
|
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.