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 | |
|---|---|---|---|---|---|---|
|
BCPC
1376
Balchem Corp
BCPC
$5.38B
| $15.3M | 0.01% |
277,147
| – | – |
|
1377
First Financial Bankshares
FFIN
$5.04B
| $15.3M | 0.01% |
1,110,376
-99,060
| -8% | -$1.32M |
|
|
LTC
1378
LTC Properties
LTC
$2.06B
| $15.3M | 0.01% |
332,231
| – | – |
|
1379
TSMC
TSM
$2.1T
| $15.2M | 0.01% |
649,157
| – | – |
|
1380
MillerKnoll
MLKN
$1.53B
| $15.2M | 0.01% |
548,540
| – | – |
|
|
CSGS
1381
DELISTED
CSG Systems International
CSGS
| $15.2M | 0.01% |
500,445
-13,140
| -3% | -$369K |
|
1382
AAR Corp
AIR
$5.59B
| $15.2M | 0.01% |
495,282
| – | – |
|
|
B
1383
DELISTED
Barnes Group Inc.
B
| $15.2M | 0.01% |
375,392
+35,386
| +10% | +$1.33M |
|
|
TIVO
1384
DELISTED
Tivo Inc
TIVO
| $15.2M | 0.01% |
834,094
| – | – |
|
1385
Ambev
ABEV
$48.1B
| $15.2M | 0.01% |
2,633,964
-2,935,534
| -53% | -$18.2M |
|
1386
BP
BP
$116B
| $15.2M | 0.01% |
467,218
| – | – |
|
|
SONC
1387
DELISTED
Sonic Corp
SONC
| $15.1M | 0.01% |
477,265
-25,841
| -5% | -$821K |
|
|
PIR
1388
DELISTED
Pier 1 Imports, Inc.
PIR
| $15.1M | 0.01% |
54,088
-2,128
| -4% | -$616K |
|
|
PCH
1389
DELISTED
PotlatchDeltic
PCH
| $15.1M | 0.01% |
376,161
| – | – |
|
1390
Evercore
EVR
$12.4B
| $15M | 0.01% |
291,131
-18,621
| -6% | -$946K |
|
1391
Kosmos Energy
KOS
$1.6B
| $15M | 0.01% |
1,900,689
-125,139
| -6% | -$1.05M |
|
|
PEI
1392
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $15M | 0.01% |
43,146
| – | – |
|
|
CSG
1393
DELISTED
CHAMBERS STR PPTYS COM
CSG
| $15M | 0.01% |
1,907,290
+43,353
| +2% | +$356K |
|
1394
Matthews International
MATW
$866M
| $15M | 0.01% |
290,628
-7,340
| -2% | -$354K |
|
1395
Brixmor Property Group
BRX
$9.67B
| $15M | 0.01% |
563,451
+60,562
| +12% | +$1.58M |
|
1396
St. Joe Company
JOE
$3.54B
| $14.9M | 0.01% |
804,857
-52,668
| -6% | -$905K |
|
|
MBFI
1397
DELISTED
MB Financial Corp
MBFI
| $14.9M | 0.01% |
474,342
-28,171
| -6% | -$861K |
|
1398
Rayonier Advanced Materials
RYAM
$604M
| $14.8M | 0.01% |
996,601
-74,600
| -7% | -$1.36M |
|
1399
Progress Software
PRGS
$1.66B
| $14.8M | 0.01% |
546,474
| – | – |
|
1400
Green Plains
GPRE
$1.18B
| $14.8M | 0.01% |
520,015
+281,136
| +118% | +$7.02M |
|
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.