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 | |
|---|---|---|---|---|---|---|
1401
Monro
MNRO
$383M
| $14.8M | 0.01% |
227,935
+20,000
| +10% | +$1.22M |
|
1402
Morningstar
MORN
$7.22B
| $14.8M | 0.01% |
197,722
-21,391
| -10% | -$1.52M |
|
|
ARGO
1403
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $14.8M | 0.01% |
372,966
-1,154
| -0.3% | -$44.8K |
|
|
PWE
1404
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $14.8M | 0.01% |
8,954,582
+3,226,278
| +56% | +$5.95M |
|
|
PDCE
1405
DELISTED
PDC Energy, Inc.
PDCE
| $14.8M | 0.01% |
273,255
+26,306
| +11% | +$1.27M |
|
1406
CONMED
CNMD
$1.39B
| $14.8M | 0.01% |
292,333
| – | – |
|
1407
J&J Snack Foods
JJSF
$1.43B
| $14.7M | 0.01% |
138,210
| – | – |
|
1408
PENN Entertainment
PENN
$2.75B
| $14.7M | 0.01% |
941,033
-135,532
| -13% | -$2.13M |
|
|
MINI
1409
DELISTED
Mobile Mini Inc
MINI
| $14.7M | 0.01% |
345,624
-15,597
| -4% | -$622K |
|
1410
Texas Capital Bancshares
TCBI
$4.3B
| $14.7M | 0.01% |
302,691
-27,600
| -8% | -$1.3M |
|
1411
WisdomTree
WT
$2.96B
| $14.7M | 0.01% |
685,947
| – | – |
|
|
EDR
1412
DELISTED
Education Realty Trust Inc
EDR
| $14.7M | 0.01% |
415,960
| – | – |
|
|
IMGN
1413
DELISTED
Immunogen Inc
IMGN
| $14.7M | 0.01% |
1,640,389
+159,236
| +11% | +$1.15M |
|
1414
Burlington
BURL
$23.2B
| $14.7M | 0.01% |
246,722
-53,166
| -18% | -$2.85M |
|
|
PMT
1415
PennyMac Mortgage Investment
PMT
$822M
| $14.7M | 0.01% |
688,421
-40,497
| -6% | -$875K |
|
|
LQ
1416
DELISTED
La Quinta Holdings Inc.
LQ
| $14.6M | 0.01% |
+618,572
| New | +$13.7M |
|
1417
Neogen
NEOG
$2.62B
| $14.6M | 0.01% |
834,437
+40,000
| +5% | +$732K |
|
1418
Benchmark Electronics
BHE
$2.87B
| $14.6M | 0.01% |
607,623
| – | – |
|
1419
Stratasys
SSYS
$679M
| $14.6M | 0.01% |
276,271
-62,335
| -18% | -$4.13M |
|
1420
Innoviva
INVA
$1.55B
| $14.6M | 0.01% |
926,906
+236,682
| +34% | +$3.58M |
|
|
CHMT
1421
DELISTED
Chemtura Corporation
CHMT
| $14.6M | 0.01% |
533,630
+59,855
| +13% | +$1.48M |
|
1422
Knowles
KN
$3.13B
| $14.5M | 0.01% |
753,854
-775,000
| -51% | -$16.2M |
|
1423
RBC Bearings
RBC
$17.4B
| $14.5M | 0.01% |
189,802
-21,830
| -10% | -$1.37M |
|
|
MLNX
1424
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $14.5M | 0.01% |
319,457
-23,163
| -7% | -$1.06M |
|
|
SYKE
1425
DELISTED
SYKES Enterprises Inc
SYKE
| $14.4M | 0.01% |
579,434
| – | – |
|
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.