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 | |
|---|---|---|---|---|---|---|
|
CAB
1101
DELISTED
Cabela's Inc
CAB
| $24.1M | 0.01% |
430,357
+24,449
| +6% | +$1.35M |
|
1102
Euronet Worldwide
EEFT
$2.72B
| $24M | 0.01% |
409,153
| – | – |
|
1103
PRA Group
PRAA
$663M
| $24M | 0.01% |
441,702
+13,697
| +3% | +$732K |
|
1104
Sanmina
SANM
$9.95B
| $23.9M | 0.01% |
987,550
| – | – |
|
|
KLXI
1105
DELISTED
KLX Inc.
KLXI
| $23.9M | 0.01% |
734,704
+247,254
| +51% | +$8.26M |
|
1106
ServiceNow
NOW
$115B
| $23.7M | 0.01% |
1,507,205
-37,675
| -2% | -$555K |
|
1107
Nektar Therapeutics
NKTR
$2.39B
| $23.5M | 0.01% |
142,280
+28,935
| +26% | +$5.95M |
|
1108
First Horizon
FHN
$12.2B
| $23.4M | 0.01% |
1,639,976
-117,745
| -7% | -$1.62M |
|
1109
Blackbaud
BLKB
$1.94B
| $23.4M | 0.01% |
494,585
| – | – |
|
|
BID
1110
DELISTED
Sotheby's
BID
| $23.4M | 0.01% |
554,342
| – | – |
|
1111
New Jersey Resources
NJR
$5.84B
| $23.4M | 0.01% |
753,584
+40,000
| +6% | +$1.26M |
|
|
IDTI
1112
DELISTED
Integrated Device Technology I
IDTI
| $23.4M | 0.01% |
1,168,152
-130,217
| -10% | -$2.56M |
|
|
SVU
1113
DELISTED
SUPERVALU Inc.
SVU
| $23.3M | 0.01% |
286,234
+3,724
| +1% | +$267K |
|
1114
Pilgrim's Pride
PPC
$6.51B
| $23.3M | 0.01% |
1,030,613
+120,720
| +13% | +$3.43M |
|
1115
CAE Inc. Common Shares
CAE
$8.3B
| $23.2M | 0.01% |
1,989,144
-146,296
| -7% | -$1.79M |
|
|
ENH
1116
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $23.2M | 0.01% |
378,949
-19,852
| -5% | -$1.24M |
|
|
CXP
1117
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $23.1M | 0.01% |
856,019
+53,828
| +7% | +$1.38M |
|
|
DBD
1118
DELISTED
Diebold Nixdorf Incorporated
DBD
| $23M | 0.01% |
647,656
+30,000
| +5% | +$1.01M |
|
1119
Cathay General Bancorp
CATY
$4.22B
| $23M | 0.01% |
807,111
| – | – |
|
1120
Avista
AVA
$3.34B
| $22.9M | 0.01% |
670,961
+142,303
| +27% | +$4.97M |
|
1121
Haemonetics
HAE
$3.89B
| $22.9M | 0.01% |
510,259
+30,993
| +6% | +$1.3M |
|
1122
Hancock Whitney
HWC
$6.2B
| $22.8M | 0.01% |
765,155
-53,877
| -7% | -$1.54M |
|
1123
Methode Electronics
MEI
$496M
| $22.8M | 0.01% |
485,405
| – | – |
|
1124
Penske Automotive Group
PAG
$14.3B
| $22.8M | 0.01% |
442,973
+20,329
| +5% | +$1M |
|
1125
Marriott Vacations Worldwide
VAC
$3.35B
| $22.8M | 0.01% |
281,108
| – | – |
|
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.