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 | |
|---|---|---|---|---|---|---|
|
MASI
1226
DELISTED
Masimo
MASI
| $19.5M | 0.01% |
741,217
+59,169
| +9% | +$1.46M |
|
1227
Celestica
CLS
$37.3B
| $19.5M | 0.01% |
1,654,816
+215,510
| +15% | +$2.31M |
|
1228
Novartis
NVS
$294B
| $19.5M | 0.01% |
234,639
| – | – |
|
|
SWI
1229
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $19.5M | 0.01% |
390,936
| – | – |
|
1230
Boston Beer
SAM
$1.94B
| $19.4M | 0.01% |
67,010
-10,128
| -13% | -$2.57M |
|
|
GZT
1231
DELISTED
Gazit-globe Ltd
GZT
| $19.3M | 0.01% |
1,628,258
| – | – |
|
|
CIE
1232
DELISTED
Cobalt International Energy, Inc
CIE
| $19.3M | 0.01% |
144,761
| – | – |
|
1233
Booz Allen Hamilton
BAH
$8.48B
| $19.3M | 0.01% |
727,325
| – | – |
|
1234
Texas Roadhouse
TXRH
$14B
| $19.3M | 0.01% |
571,083
+96,844
| +20% | +$2.97M |
|
|
ECHO
1235
EchoStar
ECHO
$25.1B
| $19.3M | 0.01% |
452,956
| – | – |
|
|
FCS
1236
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $19.3M | 0.01% |
1,140,676
+116,300
| +11% | +$1.81M |
|
1237
Hyatt Hotels
H
$16.5B
| $19.2M | 0.01% |
319,105
-35,082
| -10% | -$2.06M |
|
|
ICPT
1238
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $19.2M | 0.01% |
123,083
| – | – |
|
|
SVU
1239
DELISTED
SUPERVALU Inc.
SVU
| $19.2M | 0.01% |
282,510
-46,941
| -14% | -$2.93M |
|
|
ESND
1240
DELISTED
Essendant Inc.
ESND
| $19.1M | 0.01% |
454,188
| – | – |
|
|
MPT
1241
Medical Properties Trust
MPT
$2.77B
| $19.1M | 0.01% |
1,387,334
+32,300
| +2% | +$433K |
|
|
MRH
1242
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $19.1M | 0.01% |
532,297
-8,439
| -2% | -$282K |
|
1243
G-III Apparel Group
GIII
$1.56B
| $19.1M | 0.01% |
377,294
-10,600
| -3% | -$455K |
|
|
GEVA
1244
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $19M | 0.01% |
205,265
+14,676
| +8% | +$1.16M |
|
|
ADVS
1245
DELISTED
Advent Software Inc
ADVS
| $19M | 0.01% |
621,464
+143,132
| +30% | +$4.57M |
|
1246
Applied Industrial Technologies
AIT
$12.9B
| $19M | 0.01% |
417,202
| – | – |
|
|
PGH
1247
DELISTED
Pengrowth Energy Corporation
PGH
| $19M | 0.01% |
6,008,192
+1,552,422
| +35% | +$5.73M |
|
1248
Idacorp
IDA
$8.41B
| $19M | 0.01% |
286,629
-157,700
| -35% | -$9.67M |
|
1249
Erie Indemnity
ERIE
$13B
| $19M | 0.01% |
208,874
-15,207
| -7% | -$1.3M |
|
|
MW
1250
DELISTED
THE MENS WAREHOUSE INC
MW
| $19M | 0.01% |
429,406
-22,517
| -5% | -$1.02M |
|
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.