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 | |
|---|---|---|---|---|---|---|
|
MFA
1026
MFA Financial
MFA
$935M
| $26.6M | 0.01% |
833,718
| – | – |
|
|
FMER
1027
DELISTED
FIRSTMERIT CORP
FMER
| $26.6M | 0.01% |
1,410,492
| – | – |
|
|
OMG
1028
DELISTED
OM GROUP INC.
OMG
| $26.6M | 0.01% |
893,905
+532,169
| +147% | +$14M |
|
1029
Cabot Corp
CBT
$4.63B
| $26.6M | 0.01% |
606,162
| – | – |
|
1030
John Wiley & Sons Class A
WLY
$2.7B
| $26.6M | 0.01% |
448,297
| – | – |
|
|
SF
1031
Stifel
SF
$12.6B
| $26.5M | 0.01% |
1,169,638
| – | – |
|
|
POLY
1032
DELISTED
Plantronics, Inc.
POLY
| $26.5M | 0.01% |
500,013
| – | – |
|
1033
Outfront Media
OUT
$5.56B
| $26.5M | 0.01% |
1,002,930
-200,880
| -17% | -$4.91M |
|
1034
Sprouts Farmers Market
SFM
$8.31B
| $26.5M | 0.01% |
779,213
+130,000
| +20% | +$3.97M |
|
1035
Nektar Therapeutics
NKTR
$2.34B
| $26.4M | 0.01% |
113,345
+34,373
| +44% | +$7.35M |
|
1036
Trex
TREX
$4.7B
| $26.3M | 0.01% |
2,473,556
+1,356,552
| +121% | +$13.5M |
|
1037
Carpenter Technology
CRS
$26.8B
| $26.3M | 0.01% |
533,626
+20,269
| +4% | +$977K |
|
|
CLC
1038
DELISTED
Clarcor
CLC
| $26.3M | 0.01% |
394,292
+16,265
| +4% | +$1.06M |
|
|
GPOR
1039
DELISTED
Gulfport Energy Corp.
GPOR
| $26.3M | 0.01% |
629,221
+42,436
| +7% | +$1.99M |
|
1040
Insulet
PODD
$11.7B
| $26.2M | 0.01% |
569,725
+150,907
| +36% | +$6.45M |
|
1041
CNA Financial
CNA
$14.6B
| $26.2M | 0.01% |
676,737
+51,470
| +8% | +$1.98M |
|
1042
Pebblebrook Hotel Trust
PEB
$2.17B
| $26.1M | 0.01% |
572,626
+89,699
| +19% | +$3.76M |
|
|
AIFU
1043
AIFU Inc
AIFU
$213M
| $26M | 0.01% |
9,788
| – | – |
|
|
KS
1044
DELISTED
KapStone Paper and Pack Corp.
KS
| $25.9M | 0.01% |
884,521
+37,037
| +4% | +$1.08M |
|
|
JNS
1045
DELISTED
Janus Capital Group Inc
JNS
| $25.9M | 0.01% |
1,605,924
-184,563
| -10% | -$2.77M |
|
1046
Silgan Holdings
SLGN
$4.38B
| $25.9M | 0.01% |
966,120
+30,000
| +3% | +$753K |
|
|
CVG
1047
DELISTED
Convergys
CVG
| $25.8M | 0.01% |
1,268,903
+114,893
| +10% | +$2.28M |
|
|
PDM
1048
Piedmont Realty Trust
PDM
$1.24B
| $25.8M | 0.01% |
1,370,804
| – | – |
|
|
AAN.A
1049
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $25.7M | 0.01% |
841,222
+62,764
| +8% | +$1.92M |
|
1050
Thomson Reuters
TRI
$44.5B
| $25.7M | 0.01% |
546,633
-208,421
| -28% | -$9.23M |
|
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.