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 | |
|---|---|---|---|---|---|---|
1201
Western Alliance Bancorporation
WAL
$8.79B
| $20.3M | 0.01% |
683,347
-37,050
| -5% | -$1.03M |
|
1202
Unifirst Corp
UNF
$5.3B
| $20.2M | 0.01% |
171,820
| – | – |
|
1203
Spectrum Brands
SPB
$2.04B
| $20.2M | 0.01% |
225,473
| – | – |
|
1204
Manitowoc
MTW
$497M
| $20.2M | 0.01% |
1,032,169
-412,915
| -29% | -$7.74M |
|
|
GZT
1205
DELISTED
Gazit-globe Ltd
GZT
| $20.1M | 0.01% |
1,628,258
| – | – |
|
|
CEL
1206
DELISTED
Cellcom Israel, Ltd.
CEL
| $20.1M | 0.01% |
4,176,512
+1,922,918
| +85% | +$11M |
|
|
OVTI
1207
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $20.1M | 0.01% |
763,281
| – | – |
|
|
DFT
1208
DELISTED
DuPont Fabros Technology Inc.
DFT
| $20.1M | 0.01% |
615,700
+100,355
| +19% | +$3.39M |
|
|
SWFT
1209
DELISTED
Swift Transportation Company
SWFT
| $20.1M | 0.01% |
773,226
| – | – |
|
|
MGLN
1210
DELISTED
Magellan Health Services, Inc.
MGLN
| $20.1M | 0.01% |
283,850
| – | – |
|
1211
Dolby
DLB
$5.51B
| $20.1M | 0.01% |
525,929
+38,579
| +8% | +$1.54M |
|
|
HPY
1212
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $20.1M | 0.01% |
428,085
| – | – |
|
|
BWLD
1213
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $20M | 0.01% |
110,396
-22,131
| -17% | -$4.1M |
|
1214
Norwegian Cruise Line
NCLH
$8.51B
| $20M | 0.01% |
369,732
-84,007
| -19% | -$4.01M |
|
|
HPP
1215
Hudson Pacific Properties
HPP
$747M
| $20M | 0.01% |
85,884
+27,920
| +48% | +$6.26M |
|
1216
Texas Roadhouse
TXRH
$13.5B
| $19.9M | 0.01% |
547,125
-23,958
| -4% | -$851K |
|
1217
RLI Corp
RLI
$5.62B
| $19.8M | 0.01% |
757,204
-36,552
| -5% | -$903K |
|
|
CIR
1218
DELISTED
CIRCOR International, Inc
CIR
| $19.7M | 0.01% |
360,675
| – | – |
|
|
GEVA
1219
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $19.7M | 0.01% |
201,582
-3,683
| -2% | -$390K |
|
1220
Children's Place
PLCE
$54.3M
| $19.6M | 0.01% |
304,917
-4,756
| -2% | -$286K |
|
1221
Stantec
STN
$8.04B
| $19.6M | 0.01% |
817,268
-38,422
| -4% | -$974K |
|
1222
Integra LifeSciences
IART
$1.29B
| $19.6M | 0.01% |
775,965
+77,798
| +11% | +$1.84M |
|
1223
Valley National Bancorp
VLY
$7.9B
| $19.5M | 0.01% |
2,070,789
+360,324
| +21% | +$3.41M |
|
1224
Archrock
AROC
$6.27B
| $19.5M | 0.01% |
581,294
| – | – |
|
|
CADE
1225
DELISTED
Cadence Bank
CADE
| $19.5M | 0.01% |
838,872
-29,502
| -3% | -$643K |
|
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.