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 | |
|---|---|---|---|---|---|---|
|
ARRS
951
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $29.3M | 0.01% |
968,882
+45,400
| +5% | +$1.29M |
|
952
Icon
ICLR
$12.3B
| $29.2M | 0.01% |
573,570
+29,657
| +5% | +$1.6M |
|
|
CYT
953
DELISTED
CYTEC INDS INC
CYT
| $29.2M | 0.01% |
631,816
| – | – |
|
954
Upbound Group
UPBD
$1.16B
| $29.2M | 0.01% |
802,670
+336,130
| +72% | +$10.8M |
|
|
ABMD
955
DELISTED
Abiomed Inc
ABMD
| $29.1M | 0.01% |
765,302
+456,594
| +148% | +$14.4M |
|
|
SPN
956
DELISTED
Superior Energy Services, Inc.
SPN
| $29.1M | 0.01% |
144,507
+8,006
| +6% | +$1.87M |
|
|
CIM
957
Chimera Investment
CIM
$1.06B
| $29.1M | 0.01% |
610,307
| – | – |
|
958
Compass Minerals
CMP
$1.22B
| $29.1M | 0.01% |
335,242
+30,103
| +10% | +$2.58M |
|
959
Manhattan Associates
MANH
$11.3B
| $29.1M | 0.01% |
714,740
| – | – |
|
960
Chemed
CHE
$7.17B
| $29.1M | 0.01% |
275,058
+84,782
| +45% | +$8.96M |
|
961
Moog Inc Class A
MOG.A
$12.6B
| $29M | 0.01% |
392,374
+50,136
| +15% | +$3.62M |
|
|
TCF
962
DELISTED
TCF Financial Corporation
TCF
| $29M | 0.01% |
1,827,872
+459,413
| +34% | +$7.07M |
|
963
Casey's General Stores
CASY
$32.1B
| $29M | 0.01% |
321,556
-26,065
| -7% | -$2.14M |
|
|
CNW
964
DELISTED
CON-WAY INC.
CNW
| $28.9M | 0.01% |
588,497
+42,454
| +8% | +$1.96M |
|
965
Manitowoc
MTW
$510M
| $28.9M | 0.01% |
1,445,084
+231,993
| +19% | +$4.21M |
|
966
Zillow
ZG
$8.08B
| $28.9M | 0.01% |
818,685
+28,779
| +4% | +$1.06M |
|
|
CHS
967
DELISTED
Chicos FAS, Inc.
CHS
| $28.8M | 0.01% |
1,778,478
+308,496
| +21% | +$4.73M |
|
968
American Financial Group
AFG
$11.9B
| $28.7M | 0.01% |
473,410
| – | – |
|
969
Hanover Insurance
THG
$8.16B
| $28.7M | 0.01% |
402,858
| – | – |
|
|
THS
970
DELISTED
Treehouse Foods
THS
| $28.7M | 0.01% |
335,580
+48,438
| +17% | +$4.02M |
|
971
EnerSys
ENS
$6.8B
| $28.7M | 0.01% |
464,983
| – | – |
|
|
WCC
972
WESCO International
WCC
$17.3B
| $28.7M | 0.01% |
376,365
| – | – |
|
973
Viavi Solutions
VIAV
$9.17B
| $28.6M | 0.01% |
3,667,258
-255,411
| -7% | -$1.9M |
|
974
Teck Resources
TECK
$29.2B
| $28.6M | 0.01% |
2,085,435
| – | – |
|
975
Asbury Automotive
ABG
$4.34B
| $28.6M | 0.01% |
376,422
+75,982
| +25% | +$5.45M |
|
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.