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 | 18.58% |
| 2 | Technology | 14.21% |
| 3 | Healthcare | 13.61% |
| 4 | Industrials | 9.81% |
| 5 | Consumer Discretionary | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
DELISTED
Du Pont De Nemours E I
DD
| $373M | 0.19% |
5,317,534
| – | – |
2013 Q2
6 quarters
|
|
|
MON
102
DELISTED
Monsanto Co
MON
| $373M | 0.19% |
3,122,627
+64,101
| +2% | +$7.44M |
2013 Q2
6 quarters
|
|
103
Canadian National Railway
CNI
$73.6B
| $372M | 0.19% |
5,381,655
-100,081
| -2% | -$6.85M |
2013 Q2
6 quarters
|
|
104
Goldman Sachs
GS
$257B
| $371M | 0.19% |
1,914,260
+4,087
| +0.2% | +$768K |
2013 Q2
6 quarters
|
|
105
Thermo Fisher Scientific
TMO
$255B
| $370M | 0.19% |
2,949,375
+75,455
| +3% | +$9.17M |
2013 Q2
6 quarters
|
|
106
TJX Companies
TJX
$162B
| $369M | 0.19% |
10,752,724
+182,542
| +2% | +$5.81M |
2013 Q2
6 quarters
|
|
107
Bausch Health
BHC
$2.36B
| $363M | 0.18% |
2,535,500
+49,676
| +2% | +$6.68M |
2013 Q2
6 quarters
|
|
108
Nike
NKE
$55.1B
| $361M | 0.18% |
7,516,788
-179,394
| -2% | -$8.41M |
2013 Q2
6 quarters
|
|
|
YHOO
109
DELISTED
Yahoo Inc
YHOO
| $361M | 0.18% |
7,140,112
-127,143
| -2% | -$5.98M |
2013 Q2
6 quarters
|
|
110
McKesson
MCK
$117B
| $359M | 0.18% |
1,728,443
+63,756
| +4% | +$13M |
2013 Q2
6 quarters
|
|
111
DELISTED
Anadarko Petroleum
APC
| $355M | 0.18% |
4,301,566
+68,284
| +2% | +$5.95M |
2013 Q2
6 quarters
|
|
112
Dominion Energy
D
$55.9B
| $354M | 0.18% |
4,607,929
-15,668
| -0.3% | -$1.13M |
2013 Q2
6 quarters
|
|
|
COV
113
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $354M | 0.18% |
3,459,837
| – | – |
2013 Q2
6 quarters
|
|
114
LyondellBasell Industries
LYB
$20.7B
| $352M | 0.18% |
4,427,643
-41,649
| -0.9% | -$3.61M |
2013 Q2
6 quarters
|
|
115
American Tower
AMT
$86.3B
| $346M | 0.18% |
3,501,262
+103,198
| +3% | +$10.1M |
2013 Q2
6 quarters
|
|
116
DELISTED
Praxair Inc
PX
| $346M | 0.18% |
2,669,952
+1,118,559
| +72% | +$142M |
2013 Q2
6 quarters
|
|
117
Capital One
COF
$124B
| $341M | 0.17% |
4,130,815
+60,131
| +1% | +$4.89M |
2013 Q2
6 quarters
|
|
118
Federal Realty Investment Trust
FRT
$9.24B
| $338M | 0.17% |
2,535,354
-295,000
| -10% | -$38.3M |
2013 Q2
6 quarters
|
|
|
AGU
119
DELISTED
Agrium
AGU
| $335M | 0.17% |
3,529,438
| – | – |
2013 Q2
6 quarters
|
|
120
Canadian Pacific Kansas City
CP
$76.8B
| $333M | 0.17% |
8,614,745
-275,000
| -3% | -$10.9M |
2013 Q2
6 quarters
|
|
121
Enbridge
ENB
$107B
| $328M | 0.17% |
6,361,169
-990,957
| -13% | -$46.7M |
2013 Q2
6 quarters
|
|
122
PNC Financial Services
PNC
$86.7B
| $321M | 0.16% |
3,519,221
+187,041
| +6% | +$16.2M |
2013 Q2
6 quarters
|
|
123
Kimberly-Clark
KMB
$35.1B
| $318M | 0.16% |
2,751,211
-167,311
| -6% | -$18.6M |
2013 Q2
6 quarters
|
|
124
Omnicom Group
OMC
$22.1B
| $317M | 0.16% |
4,090,458
-670,000
| -14% | -$48.9M |
2013 Q2
6 quarters
|
|
125
Phillips 66
PSX
$117B
| $314M | 0.16% |
4,378,920
| – | – |
2013 Q2
6 quarters
|
|
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 19% 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.