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 | |
|---|---|---|---|---|---|---|
951
American Financial Group
AFG
$11.8B
| $30.4M | 0.01% |
473,410
| – | – |
|
952
ASML
ASML
$626B
| $30.4M | 0.01% |
300,403
| – | – |
|
953
Associated Banc-Corp
ASB
$5.83B
| $30.3M | 0.01% |
1,630,976
| – | – |
|
954
CACI
CACI
$11B
| $30.3M | 0.01% |
337,168
+17,341
| +5% | +$1.51M |
|
|
MSCC
955
DELISTED
Microsemi Corp
MSCC
| $30.3M | 0.01% |
855,804
+38,047
| +5% | +$1.18M |
|
|
LXK
956
DELISTED
Lexmark Intl Inc
LXK
| $30.3M | 0.01% |
714,475
| – | – |
|
957
O-I Glass
OI
$1.1B
| $30.2M | 0.01% |
1,295,983
| – | – |
|
|
RPAI
958
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $30.2M | 0.01% |
1,885,030
+55,710
| +3% | +$933K |
|
959
Sunstone Hotel Investors
SHO
$2.19B
| $30.1M | 0.01% |
1,808,575
+89,736
| +5% | +$1.54M |
|
|
LPNT
960
DELISTED
LifePoint Health, Inc.
LPNT
| $30.1M | 0.01% |
409,925
| – | – |
|
|
EQC
961
DELISTED
Equity Commonwealth
EQC
| $30M | 0.01% |
1,129,600
+65,740
| +6% | +$1.73M |
|
|
LGF
962
DELISTED
Lions Gate Entertainment
LGF
| $30M | 0.01% |
883,101
| – | – |
|
963
WaFd
WAFD
$2.72B
| $29.8M | 0.01% |
1,366,910
+95,913
| +8% | +$2.02M |
|
964
Liberty Media Series A
FWONA
$22.5B
| $29.8M | 0.01% |
1,149,328
| – | – |
|
|
THOR
965
DELISTED
THORATEC CORPORATION
THOR
| $29.7M | 0.01% |
708,045
-47,664
| -6% | -$1.82M |
|
|
AOL
966
DELISTED
AOL INC COMMON STOCK
AOL
| $29.5M | 0.01% |
744,874
| – | – |
|
967
Watsco Inc
WSO
$12.7B
| $29.5M | 0.01% |
234,292
| – | – |
|
968
Moog Inc Class A
MOG.A
$12.4B
| $29.4M | 0.01% |
392,374
| – | – |
|
969
IPG Photonics
IPGP
$3.61B
| $29.4M | 0.01% |
317,439
-6,714
| -2% | -$580K |
|
|
AUY
970
DELISTED
Yamana Gold, Inc.
AUY
| $29.4M | 0.01% |
8,203,765
+194,383
| +2% | +$787K |
|
971
Wolverine World Wide
WWW
$1.61B
| $29.4M | 0.01% |
878,220
+33,750
| +4% | +$998K |
|
972
Dana Inc
DAN
$2.9B
| $29.2M | 0.01% |
1,380,610
+93,611
| +7% | +$2.02M |
|
973
MSC Industrial Direct
MSM
$6.89B
| $29.2M | 0.01% |
404,456
+14,375
| +4% | +$1.07M |
|
974
Olin
OLN
$2.11B
| $29.2M | 0.01% |
911,430
-48,130
| -5% | -$1.29M |
|
|
UIL
975
DELISTED
UIL HOLDINGS
UIL
| $29.2M | 0.01% |
567,010
| – | – |
|
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.