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 | |
|---|---|---|---|---|---|---|
1226
Take-Two Interactive
TTWO
$45.4B
| $19.4M | 0.01% |
761,444
-210,364
| -22% | -$5.73M |
|
|
GRUB
1227
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $19.4M | 0.01% |
+213,382
| New | +$17.2M |
|
|
SOHU
1228
Sohu.com
SOHU
$362M
| $19.3M | 0.01% |
362,812
+20,430
| +6% | +$1.08M |
|
|
HI
1229
DELISTED
Hillenbrand
HI
| $19.1M | 0.01% |
618,808
+32,253
| +5% | +$1.01M |
|
|
INVX
1230
Innovex International
INVX
$1.96B
| $19.1M | 0.01% |
278,900
-27,417
| -9% | -$1.98M |
|
1231
Enviri
NVRI
$623M
| $19.1M | 0.01% |
1,103,887
+122,174
| +12% | +$2.01M |
|
1232
Regis Corp
RGS
$68.4M
| $19M | 0.01% |
58,086
+15,000
| +35% | +$4.89M |
|
|
ECHO
1233
EchoStar
ECHO
$24.4B
| $19M | 0.01% |
452,956
| – | – |
|
|
SAFM
1234
DELISTED
Sanderson Farms Inc
SAFM
| $19M | 0.01% |
238,312
-6,813
| -3% | -$553K |
|
|
SWI
1235
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $19M | 0.01% |
370,020
-20,916
| -5% | -$1.04M |
|
|
EE
1236
DELISTED
El Paso Electric Company
EE
| $18.9M | 0.01% |
490,336
| – | – |
|
|
P
1237
DELISTED
Pandora Media Inc
P
| $18.9M | 0.01% |
1,167,315
| – | – |
|
1238
Hyatt Hotels
H
$16.4B
| $18.9M | 0.01% |
319,105
| – | – |
|
|
EXPR
1239
DELISTED
Express, Inc.
EXPR
| $18.9M | 0.01% |
57,145
| – | – |
|
1240
United Bankshares
UBSI
$6.63B
| $18.9M | 0.01% |
502,063
-23,182
| -4% | -$847K |
|
1241
Columbia Sportswear
COLM
$3.04B
| $18.8M | 0.01% |
308,430
-59,792
| -16% | -$3.03M |
|
|
ISIL
1242
DELISTED
Intersil Corp
ISIL
| $18.8M | 0.01% |
1,311,339
-91,994
| -7% | -$1.37M |
|
1243
Commault Systems
CVLT
$4.88B
| $18.8M | 0.01% |
429,480
+22,075
| +5% | +$1.02M |
|
|
FNGN
1244
DELISTED
Financial Engines, Inc.
FNGN
| $18.8M | 0.01% |
448,576
-26,140
| -6% | -$1.03M |
|
1245
Telephone and Data Systems
TDS
$3.82B
| $18.8M | 0.01% |
753,053
-22,173
| -3% | -$554K |
|
1246
Pricesmart
PSMT
$5.98B
| $18.7M | 0.01% |
220,351
-10,271
| -4% | -$852K |
|
|
ANAT
1247
DELISTED
American National Group, Inc. Common Stock
ANAT
| $18.7M | 0.01% |
190,257
| – | – |
|
|
RFP
1248
DELISTED
Resolute Forest Products Inc.
RFP
| $18.7M | 0.01% |
1,084,299
-32,250
| -3% | -$556K |
|
1249
Wintrust Financial
WTFC
$10.8B
| $18.7M | 0.01% |
391,800
-11,336
| -3% | -$524K |
|
|
CHSP
1250
DELISTED
Chesapeake Lodging Trust
CHSP
| $18.7M | 0.01% |
552,178
+101,627
| +23% | +$3.64M |
|
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.