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 | |
|---|---|---|---|---|---|---|
|
TECD
1126
DELISTED
Tech Data Corp
TECD
| $22.7M | 0.01% |
393,190
| – | – |
|
|
ACH
1127
Accendra Health
ACH
$237M
| $22.7M | 0.01% |
671,215
+29,000
| +5% | +$1.01M |
|
1128
Bio-Rad Laboratories Class A
BIO
$8.71B
| $22.7M | 0.01% |
167,962
+13,550
| +9% | +$1.68M |
|
|
SFLY
1129
DELISTED
Shutterfly, Inc.
SFLY
| $22.7M | 0.01% |
501,429
| – | – |
|
|
PRA
1130
DELISTED
ProAssurance
PRA
| $22.7M | 0.01% |
493,997
-29,176
| -6% | -$1.33M |
|
|
PLCM
1131
DELISTED
POLYCOM INC
PLCM
| $22.7M | 0.01% |
1,690,956
+215,000
| +15% | +$2.87M |
|
|
AFSI
1132
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $22.6M | 0.01% |
794,734
+63,414
| +9% | +$1.72M |
|
1133
The Mosaic Company
MOS
$7.03B
| $22.6M | 0.01% |
490,212
-54,156
| -10% | -$2.64M |
|
1134
Oil States International
OIS
$489M
| $22.6M | 0.01% |
567,140
-1,192
| -0.2% | -$50.4K |
|
|
MBLY
1135
DELISTED
Mobileye N.V.
MBLY
| $22.5M | 0.01% |
536,042
+418,230
| +355% | +$16.3M |
|
1136
Alexandria Real Estate Equities
ARE
$8.97B
| $22.4M | 0.01% |
228,678
-133,805
| -37% | -$12.9M |
|
1137
Post Holdings
POST
$4.14B
| $22.3M | 0.01% |
728,121
+178,036
| +32% | +$5.44M |
|
1138
LPL Financial
LPLA
$28.3B
| $22.3M | 0.01% |
508,612
| – | – |
|
1139
ACI Worldwide
ACIW
$5.83B
| $22.3M | 0.01% |
1,028,902
+45,500
| +5% | +$904K |
|
|
CVSA
1140
Covista Inc
CVSA
$4.25B
| $22.3M | 0.01% |
667,717
+46,932
| +8% | +$1.82M |
|
1141
Camden Property Trust
CPT
$11B
| $22.3M | 0.01% |
285,024
-168,685
| -37% | -$12.9M |
|
|
UPL
1142
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $22.3M | 0.01% |
1,423,652
+213,104
| +18% | +$3.1M |
|
1143
Deckers Outdoor
DECK
$13.2B
| $22.2M | 0.01% |
1,825,302
+162,246
| +10% | +$2.09M |
|
|
ERF
1144
DELISTED
Enerplus Corporation
ERF
| $22.2M | 0.01% |
2,186,142
| – | – |
|
|
CNW
1145
DELISTED
CON-WAY INC.
CNW
| $22.2M | 0.01% |
502,107
-86,390
| -15% | -$3.81M |
|
|
PNY
1146
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $22.1M | 0.01% |
599,411
-42,570
| -7% | -$1.63M |
|
1147
FNB Corp
FNB
$6.73B
| $22.1M | 0.01% |
1,680,146
-74,810
| -4% | -$954K |
|
1148
Upbound Group
UPBD
$1.13B
| $22M | 0.01% |
802,670
| – | – |
|
1149
SS&C Technologies
SSNC
$18.1B
| $22M | 0.01% |
705,768
| – | – |
|
1150
Kennametal
KMT
$2.59B
| $22M | 0.01% |
652,112
-38,327
| -6% | -$1.29M |
|
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.