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 | |
|---|---|---|---|---|---|---|
1251
Abercrombie & Fitch
ANF
$4.42B
| $18.9M | 0.01% |
661,463
-35,655
| -5% | -$1.09M |
|
1252
Archrock
AROC
$6.27B
| $18.9M | 0.01% |
581,294
-48,222
| -8% | -$1.72M |
|
|
SINA
1253
DELISTED
Sina Corp
SINA
| $18.9M | 0.01% |
505,054
| – | – |
|
|
HMSY
1254
DELISTED
HMS Holdings Corp.
HMSY
| $18.9M | 0.01% |
893,130
+53,362
| +6% | +$1.12M |
|
1255
Wintrust Financial
WTFC
$10.8B
| $18.9M | 0.01% |
403,136
+67,600
| +20% | +$3.06M |
|
|
TIVO
1256
DELISTED
Tivo Inc
TIVO
| $18.8M | 0.01% |
834,094
| – | – |
|
1257
Avista
AVA
$3.34B
| $18.7M | 0.01% |
528,658
-31,315
| -6% | -$1.07M |
|
1258
Bio-Rad Laboratories Class A
BIO
$8.71B
| $18.6M | 0.01% |
154,412
| – | – |
|
1259
Enviri
NVRI
$623M
| $18.5M | 0.01% |
981,713
+73,064
| +8% | +$1.42M |
|
|
GES
1260
DELISTED
Guess Inc
GES
| $18.5M | 0.01% |
878,033
+68,600
| +8% | +$1.46M |
|
|
BCPC
1261
Balchem Corp
BCPC
$5.38B
| $18.5M | 0.01% |
277,147
+19,054
| +7% | +$1.19M |
|
1262
Monolithic Power Systems
MPWR
$70.1B
| $18.5M | 0.01% |
371,269
+48,589
| +15% | +$2.18M |
|
|
MWIV
1263
DELISTED
MWI VETERINARY SUPPLY, INC.
MWIV
| $18.5M | 0.01% |
108,639
-12,836
| -11% | -$2.05M |
|
1264
Trustmark
TRMK
$2.76B
| $18.4M | 0.01% |
751,571
+33,745
| +5% | +$805K |
|
1265
Rambus
RMBS
$9.87B
| $18.4M | 0.01% |
1,660,514
+273,473
| +20% | +$3.1M |
|
1266
Cousins Properties
CUZ
$5.19B
| $18.4M | 0.01% |
570,899
+85,580
| +18% | +$2.92M |
|
|
AF
1267
DELISTED
Astoria Financial Corporation
AF
| $18.4M | 0.01% |
1,373,712
+691,050
| +101% | +$8.94M |
|
1268
CDW
CDW
$18.9B
| $18.3M | 0.01% |
520,804
| – | – |
|
|
SOHU
1269
Sohu.com
SOHU
$362M
| $18.2M | 0.01% |
342,382
+34,370
| +11% | +$1.66M |
|
|
SFR
1270
DELISTED
Starwood Waypoint Homes
SFR
| $18.2M | 0.01% |
690,424
| – | – |
|
1271
GATX Corp
GATX
$6.35B
| $18.2M | 0.01% |
316,319
-52,138
| -14% | -$3.1M |
|
|
KNGT
1272
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $18.2M | 0.01% |
540,371
-69,686
| -11% | -$2.35M |
|
1273
Viasat
VSAT
$10.6B
| $18.2M | 0.01% |
287,991
-30,338
| -10% | -$1.86M |
|
|
RDS.A
1274
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $18.1M | 0.01% |
270,228
| – | – |
|
1275
Healthcare Services Group
HCSG
$1.6B
| $18.1M | 0.01% |
584,873
-35,855
| -6% | -$1.06M |
|
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.