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 | |
|---|---|---|---|---|---|---|
|
AIRM
1276
DELISTED
Air Methods Corp
AIRM
| $17.8M | 0.01% |
381,796
+60,229
| +19% | +$2.76M |
|
1277
Coty
COTY
$2.42B
| $17.8M | 0.01% |
731,923
+105,179
| +17% | +$2.26M |
|
|
ONIT
1278
Onity Group
ONIT
$309M
| $17.7M | 0.01% |
143,372
+50,337
| +54% | +$6.74M |
|
1279
BGC Group
BGC
$5.52B
| $17.7M | 0.01% |
2,916,818
-37,814
| -1% | -$215K |
|
1280
Healthcare Services Group
HCSG
$1.6B
| $17.7M | 0.01% |
551,065
-33,808
| -6% | -$1.09M |
|
1281
Regency Centers
REG
$14.7B
| $17.7M | 0.01% |
259,650
-162,517
| -38% | -$10.9M |
|
|
LMNX
1282
DELISTED
Luminex Corp
LMNX
| $17.7M | 0.01% |
1,103,860
| – | – |
|
1283
Dine Brands
DIN
$456M
| $17.6M | 0.01% |
164,195
-9,040
| -5% | -$968K |
|
1284
Papa John's
PZZA
$984M
| $17.5M | 0.01% |
283,520
-11,650
| -4% | -$726K |
|
|
AWAY
1285
DELISTED
HOMEAWAY INC COM
AWAY
| $17.5M | 0.01% |
580,767
+25,145
| +5% | +$728K |
|
1286
Acadia Realty Trust
AKR
$3.09B
| $17.5M | 0.01% |
501,893
| – | – |
|
1287
Huron Consulting
HURN
$2.41B
| $17.3M | 0.01% |
262,036
| – | – |
|
1288
Zions Bancorporation
ZION
$10.2B
| $17.3M | 0.01% |
641,741
+40,017
| +7% | +$1.05M |
|
|
FINL
1289
DELISTED
Finish Line
FINL
| $17.3M | 0.01% |
706,174
+110,146
| +18% | +$2.65M |
|
|
EQY
1290
DELISTED
Equity One
EQY
| $17.3M | 0.01% |
648,678
+53,802
| +9% | +$1.45M |
|
|
SKX
1291
DELISTED
Skechers
SKX
| $17.3M | 0.01% |
722,148
-220,176
| -23% | -$4.74M |
|
|
CYBX
1292
DELISTED
CYBERONICS INC
CYBX
| $17.3M | 0.01% |
266,247
| – | – |
|
1293
Werner Enterprises
WERN
$2.24B
| $17.3M | 0.01% |
550,057
-132,892
| -19% | -$4.11M |
|
1294
Trustmark
TRMK
$2.76B
| $17.2M | 0.01% |
709,633
-41,938
| -6% | -$973K |
|
|
FARO
1295
DELISTED
Faro Technologies
FARO
| $17.2M | 0.01% |
276,150
| – | – |
|
|
VISN
1296
Vistance Networks Inc
VISN
$2.65B
| $17.1M | 0.01% |
600,261
-46,135
| -7% | -$1.28M |
|
1297
Colliers International
CIGI
$5.04B
| $17.1M | 0.01% |
451,068
-28,163
| -6% | -$940K |
|
1298
Viavi Solutions
VIAV
$9.12B
| $17M | 0.01% |
2,282,540
-1,384,718
| -38% | -$10.5M |
|
1299
Caleres
CAL
$431M
| $17M | 0.01% |
516,796
+45,100
| +10% | +$1.38M |
|
1300
TotalEnergies
TTE
$195B
| $16.9M | 0.01% |
341,100
| – | – |
|
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.