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 | |
|---|---|---|---|---|---|---|
|
RVBD
926
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $31.6M | 0.02% |
1,509,006
| – | – |
|
927
Terex
TEX
$7.18B
| $31.5M | 0.02% |
1,186,361
+313,043
| +36% | +$7.91M |
|
928
Wendy's
WEN
$1.4B
| $31.5M | 0.02% |
2,893,356
-268,143
| -8% | -$2.87M |
|
929
Diamondback Energy
FANG
$57.1B
| $31.5M | 0.02% |
410,372
-14,273
| -3% | -$990K |
|
930
Align Technology
ALGN
$12.1B
| $31.5M | 0.02% |
585,497
-66,055
| -10% | -$3.76M |
|
|
CHS
931
DELISTED
Chicos FAS, Inc.
CHS
| $31.5M | 0.02% |
1,778,478
| – | – |
|
932
W.P. Carey
WPC
$16.8B
| $31.4M | 0.02% |
472,171
-206,676
| -30% | -$14.2M |
|
|
KS
933
DELISTED
KapStone Paper and Pack Corp.
KS
| $31.4M | 0.02% |
956,950
+72,429
| +8% | +$2.3M |
|
934
Silgan Holdings
SLGN
$4.23B
| $31.4M | 0.02% |
1,079,326
+113,206
| +12% | +$3.15M |
|
935
Crane NXT
CXT
$2.99B
| $31.4M | 0.02% |
1,446,436
+48,722
| +3% | +$1.06M |
|
936
Asbury Automotive
ABG
$4.31B
| $31.3M | 0.02% |
376,422
| – | – |
|
937
Cirrus Logic
CRUS
$6.53B
| $31.2M | 0.02% |
938,899
-22,837
| -2% | -$663K |
|
|
ATML
938
DELISTED
ATMEL CORP
ATML
| $31.2M | 0.02% |
3,793,727
+117,233
| +3% | +$984K |
|
|
QEP
939
DELISTED
QEP RESOURCES, INC.
QEP
| $31.2M | 0.02% |
1,495,111
+46,083
| +3% | +$963K |
|
|
WGL
940
DELISTED
Wgl Holdings
WGL
| $30.9M | 0.02% |
547,764
| – | – |
|
|
CTB
941
DELISTED
Cooper Tire & Rubber Co.
CTB
| $30.9M | 0.02% |
721,016
| – | – |
|
942
Banco Santander
SAN
$202B
| $30.8M | 0.02% |
4,356,442
| – | – |
|
|
NBIS
943
Nebius Group N.V.
NBIS
$48.3B
| $30.8M | 0.02% |
2,031,075
+93,361
| +5% | +$1.5M |
|
944
Groupon
GRPN
$1.05B
| $30.8M | 0.02% |
213,473
+6,201
| +3% | +$951K |
|
|
AXLL
945
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $30.8M | 0.02% |
655,762
+75,331
| +13% | +$3.4M |
|
|
CST
946
DELISTED
CST Brands, Inc.
CST
| $30.8M | 0.02% |
702,246
-11,181
| -2% | -$485K |
|
947
Avient
AVNT
$3.33B
| $30.8M | 0.02% |
824,055
+15,001
| +2% | +$569K |
|
948
DigitalBridge
DBRG
$2.93B
| $30.6M | 0.02% |
328,197
| – | – |
|
|
CYT
949
DELISTED
CYTEC INDS INC
CYT
| $30.6M | 0.02% |
566,864
-64,952
| -10% | -$3.24M |
|
950
Sensient Technologies
SXT
$5.26B
| $30.5M | 0.02% |
443,408
| – | – |
|
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.