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 | |
|---|---|---|---|---|---|---|
1176
White Mountains Insurance
WTM
$5.2B
| $20.9M | 0.01% |
30,540
-1,328
| -4% | -$876K |
|
|
RDC
1177
DELISTED
Rowan Companies Plc
RDC
| $20.9M | 0.01% |
1,178,758
+249,654
| +27% | +$5.33M |
|
|
QLIK
1178
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $20.9M | 0.01% |
670,372
-39,579
| -6% | -$1.21M |
|
|
DYAX
1179
DELISTED
DYAX CORPORATION
DYAX
| $20.9M | 0.01% |
1,245,484
+189,080
| +18% | +$2.94M |
|
1180
Guidewire Software
GWRE
$12.6B
| $20.9M | 0.01% |
396,552
-64,557
| -14% | -$3.34M |
|
|
N
1181
DELISTED
Netsuite Inc
N
| $20.8M | 0.01% |
224,189
-44,410
| -17% | -$4.4M |
|
1182
Littelfuse
LFUS
$11.2B
| $20.8M | 0.01% |
209,107
| – | – |
|
1183
Novartis
NVS
$297B
| $20.7M | 0.01% |
234,639
| – | – |
|
|
HAWK
1184
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $20.7M | 0.01% |
582,918
-22,191
| -4% | -$788K |
|
1185
Genesco
GCO
$425M
| $20.7M | 0.01% |
290,125
| – | – |
|
1186
Mueller Industries
MLI
$14.7B
| $20.7M | 0.01% |
2,287,188
-96,804
| -4% | -$823K |
|
1187
Choice Hotels
CHH
$5.07B
| $20.6M | 0.01% |
322,167
| – | – |
|
1188
Boston Beer
SAM
$1.91B
| $20.6M | 0.01% |
77,010
+10,000
| +15% | +$2.9M |
|
1189
Worthington Enterprises
WOR
$2.75B
| $20.6M | 0.01% |
1,253,193
+107,239
| +9% | +$1.84M |
|
1190
Hawaiian Electric Industries
HE
$2.23B
| $20.5M | 0.01% |
639,045
-50,536
| -7% | -$1.68M |
|
|
AEL
1191
DELISTED
American Equity Investment Life Holding Company
AEL
| $20.5M | 0.01% |
704,539
-17,216
| -2% | -$483K |
|
|
MRH
1192
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $20.5M | 0.01% |
532,297
| – | – |
|
1193
Allison Transmission
ALSN
$9.5B
| $20.4M | 0.01% |
639,806
| – | – |
|
|
CIE
1194
DELISTED
Cobalt International Energy, Inc
CIE
| $20.4M | 0.01% |
144,761
| – | – |
|
1195
Vishay Intertechnology
VSH
$5.25B
| $20.4M | 0.01% |
1,477,917
| – | – |
|
1196
Booz Allen Hamilton
BAH
$8.39B
| $20.4M | 0.01% |
705,414
-21,911
| -3% | -$637K |
|
|
USG
1197
DELISTED
Usg
USG
| $20.4M | 0.01% |
763,497
+30,859
| +4% | +$875K |
|
|
MDP
1198
DELISTED
Meredith Corporation
MDP
| $20.3M | 0.01% |
364,406
| – | – |
|
1199
Citizens Financial Group
CFG
$30.3B
| $20.3M | 0.01% |
841,195
+558,296
| +197% | +$13.7M |
|
1200
Yelp
YELP
$1.45B
| $20.3M | 0.01% |
428,313
+8,723
| +2% | +$432K |
|
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.