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 | |
|---|---|---|---|---|---|---|
1176
Dolby
DLB
$5.56B
| $21M | 0.01% |
487,350
+74,852
| +18% | +$3.18M |
|
1177
LXP Industrial Trust
LXP
$3.57B
| $21M | 0.01% |
382,405
+12,031
| +3% | +$648K |
|
1178
ServiceNow
NOW
$119B
| $21M | 0.01% |
1,544,880
| – | – |
|
1179
Marriott Vacations Worldwide
VAC
$3.35B
| $21M | 0.01% |
281,108
-2,096
| -0.7% | -$146K |
|
|
IRF
1180
DELISTED
INTL RECTIFIER CORP
IRF
| $20.9M | 0.01% |
524,951
| – | – |
|
1181
Thor Industries
THO
$4.01B
| $20.9M | 0.01% |
374,617
+400
| +0.1% | +$21.6K |
|
1182
Vishay Intertechnology
VSH
$5.37B
| $20.9M | 0.01% |
1,477,917
+174,279
| +13% | +$2.39M |
|
|
SFLY
1183
DELISTED
Shutterfly, Inc.
SFLY
| $20.9M | 0.01% |
501,429
+181,369
| +57% | +$7.73M |
|
1184
Unifirst Corp
UNF
$5.3B
| $20.9M | 0.01% |
171,820
+29,195
| +20% | +$3.18M |
|
|
P
1185
DELISTED
Pandora Media Inc
P
| $20.8M | 0.01% |
1,167,315
| – | – |
|
1186
Penske Automotive Group
PAG
$14.2B
| $20.7M | 0.01% |
422,644
| – | – |
|
|
LMNX
1187
DELISTED
Luminex Corp
LMNX
| $20.7M | 0.01% |
1,103,860
+753,272
| +215% | +$14.3M |
|
|
ALEX
1188
DELISTED
Alexander & Baldwin
ALEX
| $20.7M | 0.01% |
526,974
+145,766
| +38% | +$5.53M |
|
1189
Cathay General Bancorp
CATY
$4.28B
| $20.7M | 0.01% |
807,111
+258,596
| +47% | +$6.56M |
|
1190
SS&C Technologies
SSNC
$18.5B
| $20.6M | 0.01% |
705,768
+161,068
| +30% | +$3.99M |
|
|
SAFM
1191
DELISTED
Sanderson Farms Inc
SAFM
| $20.6M | 0.01% |
245,125
-45,482
| -16% | -$3.92M |
|
|
AFSI
1192
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $20.6M | 0.01% |
731,320
| – | – |
|
|
USG
1193
DELISTED
Usg
USG
| $20.5M | 0.01% |
732,638
+37,161
| +5% | +$1.02M |
|
1194
NorthWestern Energy
NWE
$4.24B
| $20.5M | 0.01% |
362,325
+8,849
| +3% | +$462K |
|
1195
Lands' End
LE
$378M
| $20.4M | 0.01% |
377,490
+337,769
| +850% | +$15.9M |
|
1196
Mueller Industries
MLI
$14.6B
| $20.3M | 0.01% |
2,383,992
| – | – |
|
|
CXP
1197
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $20.3M | 0.01% |
802,191
+640,796
| +397% | +$16.1M |
|
|
ISIL
1198
DELISTED
Intersil Corp
ISIL
| $20.3M | 0.01% |
1,403,333
+352,623
| +34% | +$4.68M |
|
|
HI
1199
DELISTED
Hillenbrand
HI
| $20.2M | 0.01% |
586,555
+5,078
| +0.9% | +$165K |
|
1200
Littelfuse
LFUS
$11.2B
| $20.2M | 0.01% |
209,107
| – | – |
|
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.