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 | |
|---|---|---|---|---|---|---|
901
Fortinet
FTNT
$119B
| $31.5M | 0.02% |
5,142,595
| – | – |
|
902
Cracker Barrel
CBRL
$1.26B
| $31.5M | 0.02% |
223,630
+13,398
| +6% | +$1.61M |
|
|
FCE.A
903
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $31.3M | 0.02% |
1,471,390
+51,099
| +4% | +$1.06M |
|
|
LHO
904
DELISTED
LaSalle Hotel Properties
LHO
| $31.3M | 0.02% |
773,911
-57,001
| -7% | -$2.19M |
|
|
DATA
905
DELISTED
Tableau Software, Inc.
DATA
| $31.1M | 0.02% |
367,419
+38,727
| +12% | +$3.08M |
|
|
CST
906
DELISTED
CST Brands, Inc.
CST
| $31.1M | 0.02% |
713,427
| – | – |
|
|
AHL
907
DELISTED
ASPEN Insurance Holding Limited
AHL
| $31M | 0.02% |
709,336
+23,652
| +3% | +$1.03M |
|
908
ITT
ITT
$17.5B
| $30.9M | 0.02% |
763,384
+83,634
| +12% | +$3.49M |
|
|
ATML
909
DELISTED
ATMEL CORP
ATML
| $30.9M | 0.02% |
3,676,494
| – | – |
|
|
WRI
910
DELISTED
Weingarten Realty Investors
WRI
| $30.9M | 0.02% |
883,798
| – | – |
|
|
RVBD
911
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $30.8M | 0.02% |
1,509,006
+258,768
| +21% | +$4.97M |
|
912
Jack in the Box
JACK
$312M
| $30.8M | 0.02% |
384,696
| – | – |
|
913
Avient
AVNT
$3.33B
| $30.7M | 0.02% |
809,054
+83,188
| +11% | +$3.04M |
|
914
Vail Resorts
MTN
$5.32B
| $30.6M | 0.02% |
336,300
+78,897
| +31% | +$6.84M |
|
|
SLH
915
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $30.6M | 0.02% |
597,476
+28,200
| +5% | +$1.48M |
|
|
RPAI
916
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $30.5M | 0.02% |
1,829,320
| – | – |
|
|
SGEN
917
DELISTED
Seagen Inc. Common Stock
SGEN
| $30.5M | 0.02% |
948,636
+141,651
| +18% | +$4.94M |
|
918
Comscore
SCOR
$106M
| $30.5M | 0.02% |
32,815
+18,901
| +136% | +$15.9M |
|
919
Associated Banc-Corp
ASB
$5.83B
| $30.4M | 0.02% |
1,630,976
+257,334
| +19% | +$4.69M |
|
|
HRC
920
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $30.3M | 0.02% |
664,743
| – | – |
|
921
Federated Hermes
FHI
$4.55B
| $30.3M | 0.02% |
920,709
+80,417
| +10% | +$2.49M |
|
922
Eagle Materials
EXP
$6.29B
| $30.3M | 0.02% |
398,410
| – | – |
|
923
Landstar System
LSTR
$5.93B
| $30.2M | 0.02% |
416,638
| – | – |
|
924
Cognex
CGNX
$10.9B
| $30.2M | 0.02% |
1,461,362
| – | – |
|
|
WIN
925
DELISTED
Windstream Holdings Inc
WIN
| $30.2M | 0.02% |
467,876
+23,203
| +5% | +$1.77M |
|
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.