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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+2.17%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$204B
AUM Growth
+$7.29B
Cap. Flow
+$5.19B
Cap. Flow %
2.54%
Top 10 Hldgs %
13.96%
Holding
2,408
New
58
Increased
867
Reduced
848
Closed
123

Top Buys

Rank Stock Value
1
PRU icon
Prudential Financial
PRU
+$520M
2
AGN
Allergan plc
AGN
+$334M
3
MDT icon
Medtronic
MDT
+$272M
4
VNO icon
Vornado Realty Trust
VNO
+$240M
5
SLG icon
SL Green Realty
SLG
+$215M

Top Sells

Rank Stock Value
1
BLK icon
Blackrock
BLK
+$586M
2
AGN
Allergan Inc
AGN
+$454M
3
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$354M
4
AMT icon
American Tower
AMT
+$194M
5
PFE icon
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
UNFI icon
976
United Natural Foods
UNFI
$3.08B
$29.1M 0.01%
378,181
-41,212
-10% -$3.23M
CNA icon
977
CNA Financial
CNA
$14.2B
$29.1M 0.01%
702,530
+25,793
+4% +$1.04M
MLCO icon
978
Melco Resorts & Entertainment
MLCO
$2.22B
$29.1M 0.01%
+1,355,624
New +$32.5M
CBT icon
979
Cabot Corp
CBT
$4.54B
$29.1M 0.01%
646,162
+40,000
+7% +$1.77M
CBL
980
DELISTED
CBL& Associates Properties, Inc.
CBL
$29.1M 0.01%
1,468,214
+52,795
+4% +$1.06M
RYN icon
981
Rayonier
RYN
$6.55B
$29M 0.01%
1,187,050
+78,018
+7% +$1.98M
MPT
982
Medical Properties Trust
MPT
$2.77B
$28.9M 0.01%
1,964,061
+576,727
+42% +$8.57M
NSR
983
DELISTED
Neustar Inc
NSR
$28.9M 0.01%
1,173,438
– –
SKT icon
984
Tanger
SKT
$4.67B
$28.9M 0.01%
820,413
+25,100
+3% +$937K
RBA icon
985
RB Global
RBA
$20.4B
$28.7M 0.01%
1,152,558
+153,456
+15% +$3.92M
CIM
986
Chimera Investment
CIM
$1.04B
$28.7M 0.01%
610,307
– –
TCF
987
DELISTED
TCF Financial Corporation
TCF
$28.7M 0.01%
1,827,872
– –
HR icon
988
Healthcare Realty
HR
$7.28B
$28.7M 0.01%
1,030,547
+112,000
+12% +$3.15M
BEE
989
DELISTED
STRATEGIC HOTELS & RESORTS, INC
BEE
$28.6M 0.01%
2,299,411
+259,846
+13% +$3.41M
IPXL
990
DELISTED
Impax Laboratories, Inc.
IPXL
$28.5M 0.01%
607,139
-124,412
-17% -$4.95M
ITT icon
991
ITT
ITT
$17.5B
$28.4M 0.01%
712,790
-50,594
-7% -$1.98M
DEI icon
992
Douglas Emmett
DEI
$1.98B
$28.4M 0.01%
951,140
– –
WKC icon
993
World Kinect Corp
WKC
$2.04B
$28.4M 0.01%
493,220
-37,947
-7% -$1.97M
BTE icon
994
Baytex Energy
BTE
$3.25B
$28.3M 0.01%
1,791,704
+363,954
+25% +$5.79M
TEN
995
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
$28.2M 0.01%
491,435
-100,975
-17% -$5.59M
THG icon
996
Hanover Insurance
THG
$8.1B
$28.2M 0.01%
388,524
-14,334
-4% -$1.01M
CAVM
997
DELISTED
Cavium, Inc.
CAVM
$28.1M 0.01%
397,226
-50,451
-11% -$3.27M
CVG
998
DELISTED
Convergys
CVG
$28.1M 0.01%
1,229,358
-39,545
-3% -$836K
FMER
999
DELISTED
FIRSTMERIT CORP
FMER
$28M 0.01%
1,470,878
+60,386
+4% +$1.09M
SNV
1000
DELISTED
Synovus
SNV
$28M 0.01%
999,569
-84,254
-8% -$2.29M
38 39
40
41 42

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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.