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 | |
|---|---|---|---|---|---|---|
|
NPBC
1301
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $17.3M | 0.01% |
1,644,286
+293,000
| +22% | +$2.96M |
|
|
CATM
1302
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $17.2M | 0.01% |
446,202
+97,996
| +28% | +$3.65M |
|
|
CY
1303
DELISTED
Cypress Semiconductor
CY
| $17.2M | 0.01% |
1,204,625
+215,484
| +22% | +$2.38M |
|
|
UNT
1304
DELISTED
UNIT Corporation
UNT
| $17.2M | 0.01% |
503,633
| – | – |
|
1305
Zions Bancorporation
ZION
$10.2B
| $17.2M | 0.01% |
601,724
+71,311
| +13% | +$2.01M |
|
|
DFT
1306
DELISTED
DuPont Fabros Technology Inc.
DFT
| $17.1M | 0.01% |
515,345
-89,063
| -15% | -$2.77M |
|
|
GRT
1307
DELISTED
GLIMCHER REALTY TRUST
GRT
| $17.1M | 0.01% |
1,246,550
+149,925
| +14% | +$2.05M |
|
1308
UMB Financial
UMBF
$11.1B
| $17.1M | 0.01% |
300,860
+43,470
| +17% | +$2.45M |
|
1309
Glacier Bancorp
GBCI
$6.42B
| $17.1M | 0.01% |
614,246
+37,707
| +7% | +$1.02M |
|
1310
TFS Financial
TFSL
$5.16B
| $17M | 0.01% |
1,144,692
-21,743
| -2% | -$321K |
|
|
MGLN
1311
DELISTED
Magellan Health Services, Inc.
MGLN
| $17M | 0.01% |
283,850
-39,300
| -12% | -$2.32M |
|
1312
Semtech
SMTC
$11B
| $17M | 0.01% |
617,090
+115,987
| +23% | +$2.96M |
|
1313
Cato Corp
CATO
$68.3M
| $17M | 0.01% |
403,341
+28,744
| +8% | +$1.08M |
|
1314
Kosmos Energy
KOS
$1.6B
| $17M | 0.01% |
2,025,828
+842,546
| +71% | +$7.51M |
|
|
KLXI
1315
DELISTED
KLX Inc.
KLXI
| $17M | 0.01% |
+487,450
| New | +$17.2M |
|
1316
Power Integrations
POWI
$3.38B
| $17M | 0.01% |
655,292
+45,342
| +7% | +$1.15M |
|
1317
MGIC Investment
MTG
$6.16B
| $16.9M | 0.01% |
1,811,946
-484,312
| -21% | -$4.25M |
|
1318
Capitol Federal Financial
CFFN
$1.09B
| $16.9M | 0.01% |
1,321,094
| – | – |
|
|
SNBR
1319
DELISTED
Sleep Number
SNBR
| $16.8M | 0.01% |
623,261
+78,408
| +14% | +$1.95M |
|
1320
MKS Inc
MKSI
$20.1B
| $16.8M | 0.01% |
459,973
| – | – |
|
|
EXPR
1321
DELISTED
Express, Inc.
EXPR
| $16.8M | 0.01% |
57,145
| – | – |
|
|
CHSP
1322
DELISTED
Chesapeake Lodging Trust
CHSP
| $16.8M | 0.01% |
450,551
+21,374
| +5% | +$711K |
|
|
NGD
1323
DELISTED
New Gold Inc
NGD
| $16.7M | 0.01% |
3,891,849
| – | – |
|
|
SYNT
1324
DELISTED
Syntel Inc
SYNT
| $16.7M | 0.01% |
371,800
+23,014
| +7% | +$1.01M |
|
|
MRC
1325
DELISTED
MRC Global
MRC
| $16.6M | 0.01% |
1,098,146
+91,139
| +9% | +$1.77M |
|
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.