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 | |
|---|---|---|---|---|---|---|
1051
EPR Properties
EPR
$4.69B
| $25.6M | 0.01% |
445,041
+38,814
| +10% | +$2.16M |
|
1052
Emcor
EME
$36.1B
| $25.6M | 0.01% |
575,385
+25,629
| +5% | +$1.1M |
|
1053
Patterson-UTI
PTEN
$3.87B
| $25.5M | 0.01% |
1,538,441
+43,497
| +3% | +$918K |
|
1054
InterDigital
IDCC
$7.99B
| $25.5M | 0.01% |
482,446
+83,444
| +21% | +$4.02M |
|
1055
Popular Inc
BPOP
$11.2B
| $25.5M | 0.01% |
748,680
-93,058
| -11% | -$2.92M |
|
|
IDTI
1056
DELISTED
Integrated Device Technology I
IDTI
| $25.4M | 0.01% |
1,298,369
| – | – |
|
|
MENT
1057
DELISTED
Mentor Graphics Corp
MENT
| $25.4M | 0.01% |
1,158,161
| – | – |
|
1058
Diamondback Energy
FANG
$55.7B
| $25.4M | 0.01% |
424,645
+29,935
| +8% | +$1.9M |
|
|
PNY
1059
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $25.3M | 0.01% |
641,981
-28,217
| -4% | -$1.05M |
|
1060
Deckers Outdoor
DECK
$13.5B
| $25.2M | 0.01% |
1,663,056
-309,000
| -16% | -$4.71M |
|
1061
Hancock Whitney
HWC
$6.26B
| $25.1M | 0.01% |
819,032
+61,802
| +8% | +$2.01M |
|
1062
First Citizens BancShares
FCNCA
$25.2B
| $25.1M | 0.01% |
99,423
+39,077
| +65% | +$9.49M |
|
1063
Pool Corp
POOL
$7.02B
| $25.1M | 0.01% |
395,556
| – | – |
|
1064
Watsco Inc
WSO
$13B
| $25.1M | 0.01% |
234,292
| – | – |
|
1065
Diamondrock Hospitality Co
DRH
$2.73B
| $25M | 0.01% |
1,682,584
+142,483
| +9% | +$2.03M |
|
|
MDSO
1066
DELISTED
Medidata Solutions, Inc.
MDSO
| $25M | 0.01% |
523,223
+108,500
| +26% | +$4.7M |
|
|
CTB
1067
DELISTED
Cooper Tire & Rubber Co.
CTB
| $25M | 0.01% |
721,016
-24,685
| -3% | -$776K |
|
1068
World Kinect Corp
WKC
$2B
| $24.9M | 0.01% |
531,167
| – | – |
|
1069
Wolverine World Wide
WWW
$1.65B
| $24.9M | 0.01% |
844,470
+105,859
| +14% | +$2.93M |
|
|
TECD
1070
DELISTED
Tech Data Corp
TECD
| $24.9M | 0.01% |
393,190
+4,761
| +1% | +$285K |
|
1071
The Mosaic Company
MOS
$6.91B
| $24.9M | 0.01% |
544,368
+227,135
| +72% | +$10.1M |
|
|
CLNY
1072
DELISTED
Colony Capital, Inc.
CLNY
| $24.9M | 0.01% |
1,043,282
+263,074
| +34% | +$6.13M |
|
|
WP
1073
DELISTED
Worldpay, Inc.
WP
| $24.8M | 0.01% |
731,411
+94,480
| +15% | +$3.06M |
|
1074
PRA Group
PRAA
$666M
| $24.8M | 0.01% |
428,005
-17,756
| -4% | -$1.05M |
|
1075
Healthcare Realty
HR
$7.12B
| $24.7M | 0.01% |
918,547
+269,227
| +41% | +$6.81M |
|
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.