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 | |
|---|---|---|---|---|---|---|
1276
First Financial Bankshares
FFIN
$5.04B
| $18.1M | 0.01% |
1,209,436
| – | – |
|
1277
NETSCOUT
NTCT
$2.96B
| $18.1M | 0.01% |
494,405
+91,777
| +23% | +$3.46M |
|
1278
Choice Hotels
CHH
$5.07B
| $18M | 0.01% |
322,167
| – | – |
|
|
ATW
1279
DELISTED
Atwood Oceanics
ATW
| $18M | 0.01% |
634,612
| – | – |
|
1280
Dine Brands
DIN
$456M
| $18M | 0.01% |
173,235
| – | – |
|
1281
Texas Capital Bancshares
TCBI
$4.3B
| $17.9M | 0.01% |
330,291
| – | – |
|
1282
Haemonetics
HAE
$3.89B
| $17.9M | 0.01% |
479,266
| – | – |
|
1283
Huron Consulting
HURN
$2.41B
| $17.9M | 0.01% |
262,036
+34,188
| +15% | +$2.29M |
|
|
MZTI
1284
The Marzetti Company
MZTI
$2.93B
| $17.9M | 0.01% |
191,021
| – | – |
|
1285
LCI Industries
LCII
$2.49B
| $17.8M | 0.01% |
349,027
+23,397
| +7% | +$1.09M |
|
1286
Radian Group
RDN
$5.18B
| $17.8M | 0.01% |
1,062,470
-138,408
| -12% | -$2.23M |
|
1287
Methode Electronics
MEI
$496M
| $17.7M | 0.01% |
485,405
+51,790
| +12% | +$1.94M |
|
|
PMCS
1288
DELISTED
P M C SIERRA INC
PMCS
| $17.7M | 0.01% |
1,928,944
+569,347
| +42% | +$4.51M |
|
1289
Children's Place
PLCE
$54.3M
| $17.7M | 0.01% |
309,673
-8,785
| -3% | -$454K |
|
1290
RH
RH
$3.13B
| $17.6M | 0.01% |
183,751
-13,337
| -7% | -$1.12M |
|
1291
PBF Energy
PBF
$8.57B
| $17.6M | 0.01% |
659,952
| – | – |
|
1292
TotalEnergies
TTE
$195B
| $17.5M | 0.01% |
341,100
| – | – |
|
1293
Park National Corp
PRK
$3.76B
| $17.5M | 0.01% |
197,238
| – | – |
|
1294
BGC Group
BGC
$5.45B
| $17.4M | 0.01% |
2,954,632
+1,105,361
| +60% | +$5.93M |
|
1295
EastGroup Properties
EGP
$11.2B
| $17.4M | 0.01% |
274,178
+31,221
| +13% | +$2.04M |
|
|
SKX
1296
DELISTED
Skechers
SKX
| $17.4M | 0.01% |
942,324
| – | – |
|
|
FNGN
1297
DELISTED
Financial Engines, Inc.
FNGN
| $17.4M | 0.01% |
474,716
+68,074
| +17% | +$2.36M |
|
|
EFII
1298
DELISTED
Electronics for Imaging
EFII
| $17.3M | 0.01% |
404,295
| – | – |
|
|
PIR
1299
DELISTED
Pier 1 Imports, Inc.
PIR
| $17.3M | 0.01% |
56,216
+2,773
| +5% | +$738K |
|
|
FARO
1300
DELISTED
Faro Technologies
FARO
| $17.3M | 0.01% |
276,150
+109,407
| +66% | +$6.02M |
|
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.