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 | |
|---|---|---|---|---|---|---|
|
VRE
1351
DELISTED
Veris Residential
VRE
| $15.9M | 0.01% |
823,068
| – | – |
|
1352
TFS Financial
TFSL
$5.16B
| $15.9M | 0.01% |
1,079,778
-64,914
| -6% | -$930K |
|
1353
Opko Health
OPK
$985M
| $15.8M | 0.01% |
1,117,637
-211,668
| -16% | -$2.75M |
|
|
OPLN
1354
Openlane
OPLN
$4.21B
| $15.8M | 0.01% |
1,102,882
+77,366
| +8% | +$1.05M |
|
|
HTS
1355
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $15.8M | 0.01% |
869,865
+57,700
| +7% | +$1.05M |
|
1356
Theravance Biopharma
TBPH
$874M
| $15.8M | 0.01% |
910,276
+664,659
| +271% | +$12.2M |
|
|
ISBC
1357
DELISTED
Investors Bancorp, Inc.
ISBC
| $15.8M | 0.01% |
1,345,024
-43,668
| -3% | -$496K |
|
1358
ICU Medical
ICUI
$4.21B
| $15.7M | 0.01% |
168,983
-24,000
| -12% | -$2.1M |
|
1359
La-Z-Boy
LZB
$1.58B
| $15.7M | 0.01% |
558,896
-190,546
| -25% | -$5.06M |
|
1360
UMB Financial
UMBF
$11.1B
| $15.6M | 0.01% |
295,643
-5,217
| -2% | -$271K |
|
1361
Stride
LRN
$3.41B
| $15.6M | 0.01% |
994,613
-13,011
| -1% | -$193K |
|
|
PDS
1362
Precision Drilling
PDS
$999M
| $15.6M | 0.01% |
122,963
| – | – |
|
1363
New York Times
NYT
$12.1B
| $15.6M | 0.01% |
1,133,700
-98,008
| -8% | -$1.31M |
|
|
CAA
1364
DELISTED
CalAtlantic Group, Inc.
CAA
| $15.6M | 0.01% |
346,657
+28,409
| +9% | +$1.13M |
|
1365
American States Water
AWR
$3.36B
| $15.6M | 0.01% |
390,754
-10,286
| -3% | -$408K |
|
1366
Entegris
ENTG
$18.1B
| $15.6M | 0.01% |
1,136,909
-599,243
| -35% | -$7.9M |
|
1367
ABM Industries
ABM
$2.81B
| $15.6M | 0.01% |
488,334
| – | – |
|
1368
MKS Inc
MKSI
$20.1B
| $15.6M | 0.01% |
459,973
| – | – |
|
1369
Helix Energy Solutions
HLX
$1.4B
| $15.5M | 0.01% |
1,038,473
| – | – |
|
1370
TriMas Corp
TRS
$1.43B
| $15.5M | 0.01% |
632,433
| – | – |
|
|
ELLI
1371
DELISTED
Ellie Mae Inc
ELLI
| $15.5M | 0.01% |
280,250
| – | – |
|
1372
Capitol Federal Financial
CFFN
$1.09B
| $15.5M | 0.01% |
1,237,060
-84,034
| -6% | -$1.05M |
|
|
DMC
1373
Del Monte Corp
DMC
$1.41B
| $15.5M | 0.01% |
397,093
| – | – |
|
1374
Amkor Technology
AMKR
$12.4B
| $15.4M | 0.01% |
1,743,495
-113,856
| -6% | -$926K |
|
|
CATM
1375
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $15.4M | 0.01% |
408,950
-37,252
| -8% | -$1.37M |
|
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.