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 | |
|---|---|---|---|---|---|---|
|
LTM
1376
DELISTED
LIFE TIME FITNESS INC
LTM
| $15.5M | 0.01% |
273,213
-71,080
| -21% | -$3.8M |
|
1377
Benchmark Electronics
BHE
$2.87B
| $15.5M | 0.01% |
607,623
-48,352
| -7% | -$1.14M |
|
1378
Bank OZK
OZK
$5.6B
| $15.4M | 0.01% |
406,686
-39,622
| -9% | -$1.38M |
|
1379
Community Bank
CBU
$3.41B
| $15.4M | 0.01% |
403,635
+1,000
| +0.2% | +$36.7K |
|
1380
CVB Financial
CVBF
$3.94B
| $15.4M | 0.01% |
960,104
| – | – |
|
|
PMT
1381
PennyMac Mortgage Investment
PMT
$822M
| $15.4M | 0.01% |
728,918
| – | – |
|
|
CRZO
1382
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $15.3M | 0.01% |
368,302
| – | – |
|
|
WPX
1383
DELISTED
WPX Energy, Inc.
WPX
| $15.3M | 0.01% |
1,316,778
+101,368
| +8% | +$1.62M |
|
|
PSB
1384
DELISTED
PS Business Parks, Inc.
PSB
| $15.3M | 0.01% |
192,023
+25,546
| +15% | +$2.06M |
|
1385
MasTec
MTZ
$21.1B
| $15.3M | 0.01% |
675,384
+131,283
| +24% | +$3.25M |
|
|
OUTR
1386
DELISTED
OUTERWALL INC
OUTR
| $15.3M | 0.01% |
202,948
-74,097
| -27% | -$4.75M |
|
|
EDR
1387
DELISTED
Education Realty Trust Inc
EDR
| $15.2M | 0.01% |
415,960
+237,267
| +133% | +$8.12M |
|
|
PEI
1388
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $15.2M | 0.01% |
43,146
| – | – |
|
1389
Caleres
CAL
$431M
| $15.2M | 0.01% |
471,696
+36,590
| +8% | +$1.06M |
|
1390
Selective Insurance
SIGI
$5.65B
| $15.1M | 0.01% |
556,269
+27,683
| +5% | +$706K |
|
1391
American States Water
AWR
$3.36B
| $15.1M | 0.01% |
401,040
+38,088
| +10% | +$1.31M |
|
|
IBKC
1392
DELISTED
IBERIABANK Corp
IBKC
| $15.1M | 0.01% |
232,701
-27,756
| -11% | -$1.81M |
|
|
EQY
1393
DELISTED
Equity One
EQY
| $15.1M | 0.01% |
594,876
| – | – |
|
1394
Post Holdings
POST
$4.14B
| $15.1M | 0.01% |
550,085
+91,726
| +20% | +$2.26M |
|
1395
Lindsay Corp
LNN
$1.13B
| $15.1M | 0.01% |
175,638
+6,196
| +4% | +$526K |
|
|
LNCE
1396
DELISTED
Snyders-Lance, Inc.
LNCE
| $15.1M | 0.01% |
492,640
| – | – |
|
|
NAV
1397
DELISTED
Navistar International
NAV
| $15M | 0.01% |
449,197
-109,637
| -20% | -$3.78M |
|
1398
J&J Snack Foods
JJSF
$1.43B
| $15M | 0.01% |
138,210
+4,601
| +3% | +$471K |
|
1399
Pacira BioSciences
PCRX
$1.04B
| $15M | 0.01% |
169,536
+48,180
| +40% | +$4.56M |
|
|
DCH
1400
Dauch Corp
DCH
$1.34B
| $15M | 0.01% |
665,128
+129,928
| +24% | +$2.58M |
|
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.