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 | |
|---|---|---|---|---|---|---|
1076
Kennametal
KMT
$2.65B
| $24.7M | 0.01% |
690,439
+67,103
| +11% | +$2.56M |
|
1077
CubeSmart
CUBE
$9.44B
| $24.7M | 0.01% |
1,119,439
+54,920
| +5% | +$1.14M |
|
1078
BHP
BHP
$213B
| $24.7M | 0.01% |
617,287
| – | – |
|
|
UIL
1079
DELISTED
UIL HOLDINGS
UIL
| $24.7M | 0.01% |
567,010
+102,244
| +22% | +$4.16M |
|
1080
HNI Corp
HNI
$3.43B
| $24.7M | 0.01% |
483,011
+45,479
| +10% | +$2.05M |
|
|
AXLL
1081
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $24.7M | 0.01% |
580,431
| – | – |
|
1082
Minerals Technologies
MTX
$2.3B
| $24.6M | 0.01% |
354,805
+72,207
| +26% | +$5.02M |
|
|
PPS
1083
DELISTED
Post Properties
PPS
| $24.6M | 0.01% |
418,891
| – | – |
|
1084
Cimpress
CMPR
$2.4B
| $24.6M | 0.01% |
328,157
| – | – |
|
|
THOR
1085
DELISTED
THORATEC CORPORATION
THOR
| $24.5M | 0.01% |
755,709
+38,797
| +5% | +$1.13M |
|
1086
American Eagle Outfitters
AEO
$2.98B
| $24.4M | 0.01% |
1,760,755
-143,432
| -8% | -$1.94M |
|
1087
U-Haul Holding Co
UHAL
$14B
| $24.4M | 0.01% |
857,980
-79,170
| -8% | -$2.15M |
|
1088
Terex
TEX
$7.39B
| $24.3M | 0.01% |
873,318
| – | – |
|
|
RGC
1089
DELISTED
Regal Entertainment Group
RGC
| $24.3M | 0.01% |
1,139,891
+98,676
| +9% | +$2.08M |
|
1090
IPG Photonics
IPGP
$3.7B
| $24.3M | 0.01% |
324,153
| – | – |
|
|
LSI
1091
DELISTED
Life Storage, Inc.
LSI
| $24.3M | 0.01% |
417,153
| – | – |
|
|
DCT
1092
DELISTED
DCT Industrial Trust Inc.
DCT
| $24.1M | 0.01% |
676,675
+63,211
| +10% | +$2.11M |
|
|
CLGX
1093
DELISTED
Corelogic, Inc.
CLGX
| $24.1M | 0.01% |
762,539
+101,410
| +15% | +$3.09M |
|
1094
H.B. Fuller
FUL
$3.05B
| $24M | 0.01% |
539,274
| – | – |
|
1095
TransAlta
TAC
$3.9B
| $24M | 0.01% |
2,641,673
+150,661
| +6% | +$1.44M |
|
1096
Webster Financial
WBS
$12.6B
| $23.9M | 0.01% |
735,909
+83,612
| +13% | +$2.59M |
|
|
BID
1097
DELISTED
Sotheby's
BID
| $23.9M | 0.01% |
554,342
| – | – |
|
|
BWLD
1098
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $23.9M | 0.01% |
132,527
| – | – |
|
1099
Rayonier Advanced Materials
RYAM
$601M
| $23.9M | 0.01% |
1,071,201
| – | – |
|
1100
Targa Resources
TRGP
$57B
| $23.9M | 0.01% |
225,123
-35,019
| -13% | -$4.05M |
|
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.