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 | |
|---|---|---|---|---|---|---|
|
CSG
1401
DELISTED
CHAMBERS STR PPTYS COM
CSG
| $15M | 0.01% |
1,863,937
+161,800
| +10% | +$1.29M |
|
1402
FTI Consulting
FCN
$4.4B
| $15M | 0.01% |
388,756
| – | – |
|
1403
MBIA
MBI
$261M
| $15M | 0.01% |
1,573,469
+220,179
| +16% | +$2.12M |
|
|
PDS
1404
Precision Drilling
PDS
$999M
| $15M | 0.01% |
122,963
| – | – |
|
|
HTS
1405
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $15M | 0.01% |
812,165
+106,838
| +15% | +$2.02M |
|
1406
Insight Enterprises
NSIT
$3.89B
| $15M | 0.01% |
577,661
+43,630
| +8% | +$1.04M |
|
1407
Clearwater Paper
CLW
$339M
| $14.9M | 0.01% |
217,821
+22,866
| +12% | +$1.52M |
|
|
ARGO
1408
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $14.9M | 0.01% |
374,120
| – | – |
|
|
MDCO
1409
DELISTED
Medicines Co
MDCO
| $14.9M | 0.01% |
538,053
+128,535
| +31% | +$3.18M |
|
|
DYAX
1410
DELISTED
DYAX CORPORATION
DYAX
| $14.9M | 0.01% |
+1,056,404
| New | +$13.2M |
|
|
CYBX
1411
DELISTED
CYBERONICS INC
CYBX
| $14.8M | 0.01% |
266,247
| – | – |
|
1412
Forward Air
FWRD
$444M
| $14.8M | 0.01% |
294,115
| – | – |
|
|
ESGR
1413
DELISTED
Enstar Group
ESGR
| $14.8M | 0.01% |
96,864
| – | – |
|
1414
International Bancshares
IBOC
$4.76B
| $14.8M | 0.01% |
557,460
+60,847
| +12% | +$1.57M |
|
1415
FirstCash
FCFS
$8.85B
| $14.8M | 0.01% |
265,624
| – | – |
|
1416
PENN Entertainment
PENN
$2.75B
| $14.8M | 0.01% |
1,076,565
| – | – |
|
1417
BP
BP
$116B
| $14.8M | 0.01% |
467,218
| – | – |
|
1418
Neogen
NEOG
$2.63B
| $14.8M | 0.01% |
794,437
-33,662
| -4% | -$554K |
|
1419
Progress Software
PRGS
$1.66B
| $14.8M | 0.01% |
546,474
| – | – |
|
|
VISN
1420
Vistance Networks Inc
VISN
$2.65B
| $14.8M | 0.01% |
646,396
| – | – |
|
|
TRLA
1421
DELISTED
TRULIA INC (DEL)
TRLA
| $14.7M | 0.01% |
320,264
| – | – |
|
1422
Golar LNG
GLNG
$5B
| $14.7M | 0.01% |
403,804
+91,917
| +29% | +$4.36M |
|
|
DF
1423
DELISTED
Dean Foods Company
DF
| $14.7M | 0.01% |
756,342
-74,738
| -9% | -$1.19M |
|
|
KG
1424
Kestrel Group
KG
$69.4M
| $14.7M | 0.01% |
57,283
+16,952
| +42% | +$4.19M |
|
1425
Gran Tierra Energy
GTE
$265M
| $14.6M | 0.01% |
380,388
| – | – |
|
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.