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 | |
|---|---|---|---|---|---|---|
|
RDC
1151
DELISTED
Rowan Companies Plc
RDC
| $21.7M | 0.01% |
929,104
| – | – |
|
|
AKRX
1152
DELISTED
Akorn Inc
AKRX
| $21.7M | 0.01% |
598,126
-28,612
| -5% | -$1.1M |
|
1153
Fulton Financial
FULT
$4.71B
| $21.6M | 0.01% |
1,750,075
| – | – |
|
|
PVTB
1154
DELISTED
PrivateBancorp Inc
PVTB
| $21.6M | 0.01% |
646,686
+117,582
| +22% | +$3.68M |
|
1155
Spectrum Brands
SPB
$2.04B
| $21.6M | 0.01% |
225,473
+18,900
| +9% | +$1.72M |
|
1156
Globus Medical
GMED
$11B
| $21.5M | 0.01% |
904,159
| – | – |
|
|
HR
1157
DELISTED
Healthcare Realty Trust Incorporated
HR
| $21.4M | 0.01% |
784,618
| – | – |
|
1158
Sun Communities
SUI
$15.2B
| $21.4M | 0.01% |
354,166
+37,800
| +12% | +$2.15M |
|
1159
Blackbaud
BLKB
$2.02B
| $21.4M | 0.01% |
494,585
+51,963
| +12% | +$2.19M |
|
|
CAB
1160
DELISTED
Cabela's Inc
CAB
| $21.4M | 0.01% |
405,908
-34,476
| -8% | -$1.81M |
|
|
DBD
1161
DELISTED
Diebold Nixdorf Incorporated
DBD
| $21.4M | 0.01% |
617,656
+84,051
| +16% | +$2.96M |
|
1162
Werner Enterprises
WERN
$2.23B
| $21.3M | 0.01% |
682,949
+19,324
| +3% | +$544K |
|
1163
Worthington Enterprises
WOR
$2.81B
| $21.3M | 0.01% |
1,145,954
+261,038
| +29% | +$5.78M |
|
1164
Acadia Pharmaceuticals
ACAD
$4.4B
| $21.3M | 0.01% |
669,391
-54,204
| -7% | -$1.54M |
|
1165
Norwegian Cruise Line
NCLH
$8.84B
| $21.2M | 0.01% |
453,739
-67,975
| -13% | -$2.73M |
|
|
NUAN
1166
DELISTED
Nuance Communications, Inc.
NUAN
| $21.2M | 0.01% |
1,716,621
+389,494
| +29% | +$5M |
|
|
BRS
1167
DELISTED
Bristow Group, Inc.
BRS
| $21.2M | 0.01% |
322,081
-14,241
| -4% | -$962K |
|
|
ERF
1168
DELISTED
Enerplus Corporation
ERF
| $21.1M | 0.01% |
2,186,142
+444,899
| +26% | +$6.01M |
|
|
SCS
1169
DELISTED
Steelcase
SCS
| $21.1M | 0.01% |
1,175,925
+69,576
| +6% | +$1.2M |
|
|
ONIT
1170
Onity Group
ONIT
$320M
| $21.1M | 0.01% |
93,035
+19,927
| +27% | +$6.49M |
|
|
ARUN
1171
DELISTED
ARUBA NETWORKS, INC.
ARUN
| $21.1M | 0.01% |
1,159,024
+167,250
| +17% | +$3.34M |
|
|
AEL
1172
DELISTED
American Equity Investment Life Holding Company
AEL
| $21.1M | 0.01% |
721,755
-130,548
| -15% | -$3.4M |
|
1173
Commault Systems
CVLT
$5.06B
| $21.1M | 0.01% |
407,405
+31,024
| +8% | +$1.49M |
|
1174
Mercury Insurance
MCY
$5.96B
| $21M | 0.01% |
371,406
+44,200
| +14% | +$2.37M |
|
1175
Pricesmart
PSMT
$6.04B
| $21M | 0.01% |
230,622
| – | – |
|
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.