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 | |
|---|---|---|---|---|---|---|
1351
Zumiez
ZUMZ
$332M
| $16.1M | 0.01% |
416,945
| – | – |
|
1352
NETGEAR
NTGR
$648M
| $16.1M | 0.01% |
452,193
| – | – |
|
|
ELME
1353
Elme Communities
ELME
$143M
| $16.1M | 0.01% |
581,598
+75,586
| +15% | +$2.05M |
|
1354
Acadia Realty Trust
AKR
$3.09B
| $16.1M | 0.01% |
501,893
+96,332
| +24% | +$2.98M |
|
1355
IMAX
IMAX
$2.62B
| $16M | 0.01% |
516,459
-36,842
| -7% | -$1.08M |
|
1356
Sabra Healthcare REIT
SBRA
$5.34B
| $15.9M | 0.01% |
524,643
+108,672
| +26% | +$3M |
|
|
UPL
1357
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $15.9M | 0.01% |
1,210,548
| – | – |
|
1358
Antero Resources
AR
$11.1B
| $15.9M | 0.01% |
391,108
-18,162
| -4% | -$871K |
|
1359
Andersons Inc
ANDE
$2.41B
| $15.9M | 0.01% |
298,441
| – | – |
|
1360
ICU Medical
ICUI
$4.21B
| $15.8M | 0.01% |
192,983
+84,728
| +78% | +$6.5M |
|
1361
Adtran
ADTN
$689M
| $15.8M | 0.01% |
724,983
+125,400
| +21% | +$2.57M |
|
|
SJI
1362
DELISTED
South Jersey Industries, Inc.
SJI
| $15.8M | 0.01% |
536,062
-36,004
| -6% | -$1.03M |
|
1363
News Corp Class B
NWS
$16.9B
| $15.8M | 0.01% |
1,046,293
| – | – |
|
1364
St. Joe Company
JOE
$3.54B
| $15.8M | 0.01% |
857,525
| – | – |
|
1365
TriMas Corp
TRS
$1.43B
| $15.8M | 0.01% |
632,433
+88,682
| +16% | +$2.09M |
|
|
PCH
1366
DELISTED
PotlatchDeltic
PCH
| $15.8M | 0.01% |
376,161
| – | – |
|
1367
Copa Holdings
CPA
$5.76B
| $15.7M | 0.01% |
151,831
+18,118
| +14% | +$1.93M |
|
|
SC
1368
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $15.7M | 0.01% |
801,645
| – | – |
|
|
VRE
1369
DELISTED
Veris Residential
VRE
| $15.7M | 0.01% |
823,068
+155,175
| +23% | +$2.97M |
|
1370
Grand Canyon Education
LOPE
$3.79B
| $15.6M | 0.01% |
334,206
+26,960
| +9% | +$1.2M |
|
|
ISBC
1371
DELISTED
Investors Bancorp, Inc.
ISBC
| $15.6M | 0.01% |
1,388,692
| – | – |
|
1372
Piper Sandler
PIPR
$5.12B
| $15.5M | 0.01% |
1,068,588
+195,740
| +22% | +$2.69M |
|
1373
LiveRamp
RAMP
$2.3B
| $15.5M | 0.01% |
765,276
+59,049
| +8% | +$1.1M |
|
1374
Spire
SR
$4.72B
| $15.5M | 0.01% |
291,576
+11,800
| +4% | +$593K |
|
1375
Integra LifeSciences
IART
$1.29B
| $15.5M | 0.01% |
698,167
+205,651
| +42% | +$4.17M |
|
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.