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 | |
|---|---|---|---|---|---|---|
|
MLNX
1426
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $14.6M | 0.01% |
342,620
| – | – |
|
|
MINI
1427
DELISTED
Mobile Mini Inc
MINI
| $14.6M | 0.01% |
361,221
| – | – |
|
1428
Teekay
TK
$1.01B
| $14.6M | 0.01% |
286,263
-51,941
| -15% | -$2.82M |
|
|
RWT
1429
Redwood Trust
RWT
$574M
| $14.6M | 0.01% |
739,233
| – | – |
|
1430
Helen of Troy
HELE
$644M
| $14.5M | 0.01% |
223,482
| – | – |
|
1431
TSMC
TSM
$2.1T
| $14.5M | 0.01% |
649,157
| – | – |
|
1432
Korn Ferry
KFY
$4.18B
| $14.5M | 0.01% |
504,949
+38,139
| +8% | +$1.04M |
|
1433
Matthews International
MATW
$866M
| $14.5M | 0.01% |
297,968
| – | – |
|
|
ATCO
1434
DELISTED
Atlas Corp.
ATCO
| $14.5M | 0.01% |
804,573
| – | – |
|
|
FINL
1435
DELISTED
Finish Line
FINL
| $14.5M | 0.01% |
596,028
| – | – |
|
|
HDS
1436
DELISTED
HD Supply Holdings, Inc.
HDS
| $14.4M | 0.01% |
490,000
| – | – |
|
1437
Regis Corp
RGS
$68.4M
| $14.4M | 0.01% |
43,086
+14,242
| +49% | +$4.67M |
|
|
CKH
1438
DELISTED
Seacor Holdings Inc.
CKH
| $14.4M | 0.01% |
202,049
-7,559
| -4% | -$548K |
|
1439
Cal-Maine
CALM
$4.12B
| $14.4M | 0.01% |
368,900
+37,950
| +11% | +$1.62M |
|
1440
Colliers International
CIGI
$5.04B
| $14.4M | 0.01% |
479,231
| – | – |
|
|
AL
1441
DELISTED
Air Lease Corp
AL
| $14.3M | 0.01% |
418,210
-89,128
| -18% | -$3.13M |
|
|
LTC
1442
LTC Properties
LTC
$2.06B
| $14.3M | 0.01% |
332,231
| – | – |
|
|
SHLM
1443
DELISTED
Schulman (A.) Inc
SHLM
| $14.3M | 0.01% |
352,722
+73,886
| +26% | +$2.67M |
|
|
NCI
1444
DELISTED
Navigant Consulting, Inc.
NCI
| $14.3M | 0.01% |
929,022
+298,204
| +47% | +$4.33M |
|
|
WAGE
1445
DELISTED
WageWorks, Inc.
WAGE
| $14.2M | 0.01% |
220,351
| – | – |
|
|
TFM
1446
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $14.2M | 0.01% |
344,877
| – | – |
|
1447
Dorman Products
DORM
$3.98B
| $14.2M | 0.01% |
293,929
+51,679
| +21% | +$2.4M |
|
1448
Morningstar
MORN
$7.22B
| $14.2M | 0.01% |
219,113
+9,800
| +5% | +$649K |
|
1449
Burlington
BURL
$23.2B
| $14.2M | 0.01% |
299,888
+265,219
| +765% | +$11.3M |
|
|
AIRM
1450
DELISTED
Air Methods Corp
AIRM
| $14.2M | 0.01% |
321,567
| – | – |
|
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.