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 | |
|---|---|---|---|---|---|---|
|
RGC
1076
DELISTED
Regal Entertainment Group
RGC
| $25.3M | 0.01% |
1,109,093
-30,798
| -3% | -$682K |
|
1077
PBF Energy
PBF
$8.57B
| $25.3M | 0.01% |
746,263
+86,311
| +13% | +$2.5M |
|
|
EVHC
1078
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $25.1M | 0.01% |
218,780
| – | – |
|
1079
Valmont Industries
VMI
$9.3B
| $25M | 0.01% |
203,410
-12,360
| -6% | -$1.52M |
|
1080
Sun Communities
SUI
$15.2B
| $25M | 0.01% |
374,166
+20,000
| +6% | +$1.34M |
|
1081
COPT Defense Properties
CDP
$4.3B
| $24.9M | 0.01% |
848,497
+146,884
| +21% | +$4.34M |
|
1082
Prestige Consumer Healthcare
PBH
$2.38B
| $24.9M | 0.01% |
580,959
+10,600
| +2% | +$404K |
|
1083
Minerals Technologies
MTX
$2.36B
| $24.8M | 0.01% |
339,916
-14,889
| -4% | -$1.01M |
|
|
CY
1084
DELISTED
Cypress Semiconductor
CY
| $24.8M | 0.01% |
1,759,023
+554,398
| +46% | +$8.21M |
|
|
LSI
1085
DELISTED
Life Storage, Inc.
LSI
| $24.8M | 0.01% |
396,231
-20,922
| -5% | -$1.3M |
|
|
HR
1086
DELISTED
Healthcare Realty Trust Incorporated
HR
| $24.8M | 0.01% |
892,609
+107,991
| +14% | +$3.08M |
|
1087
Graphic Packaging
GPK
$3.17B
| $24.7M | 0.01% |
1,701,786
| – | – |
|
1088
National Health Investors
NHI
$3.72B
| $24.7M | 0.01% |
347,219
+59,102
| +21% | +$4.27M |
|
1089
Rambus
RMBS
$9.87B
| $24.7M | 0.01% |
1,960,514
+300,000
| +18% | +$3.53M |
|
1090
Primerica
PRI
$9.98B
| $24.6M | 0.01% |
483,788
-39,566
| -8% | -$2.06M |
|
1091
Matsons
MATX
$6.13B
| $24.6M | 0.01% |
583,992
| – | – |
|
|
CLC
1092
DELISTED
Clarcor
CLC
| $24.5M | 0.01% |
371,102
-23,190
| -6% | -$1.5M |
|
1093
InterDigital
IDCC
$7.88B
| $24.5M | 0.01% |
482,446
| – | – |
|
1094
Webster Financial
WBS
$12.5B
| $24.5M | 0.01% |
660,176
-75,733
| -10% | -$2.54M |
|
1095
Diamondrock Hospitality Co
DRH
$2.71B
| $24.4M | 0.01% |
1,723,475
+40,891
| +2% | +$600K |
|
1096
UDR
UDR
$12.3B
| $24.4M | 0.01% |
715,571
-511,209
| -42% | -$16.8M |
|
1097
BHP
BHP
$215B
| $24.3M | 0.01% |
617,287
| – | – |
|
|
SFR
1098
DELISTED
Starwood Waypoint Homes
SFR
| $24.2M | 0.01% |
936,513
+246,089
| +36% | +$6.22M |
|
1099
Myriad Genetics
MYGN
$270M
| $24.2M | 0.01% |
682,953
-119,612
| -15% | -$4.28M |
|
|
NPBC
1100
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $24.2M | 0.01% |
2,244,286
+600,000
| +36% | +$6.27M |
|
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.