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 | |
|---|---|---|---|---|---|---|
1426
Plexus
PLXS
$6.72B
| $14.4M | 0.01% |
353,141
-41,094
| -10% | -$1.65M |
|
1427
Bank OZK
OZK
$5.6B
| $14.4M | 0.01% |
388,652
-18,034
| -4% | -$642K |
|
|
SINA
1428
DELISTED
Sina Corp
SINA
| $14.3M | 0.01% |
444,542
-60,512
| -12% | -$2.17M |
|
1429
Silicon Laboratories
SLAB
$7.17B
| $14.2M | 0.01% |
280,427
-13,692
| -5% | -$665K |
|
1430
Clearwater Paper
CLW
$339M
| $14.2M | 0.01% |
217,821
| – | – |
|
1431
Glacier Bancorp
GBCI
$6.42B
| $14.2M | 0.01% |
565,226
-49,020
| -8% | -$1.21M |
|
1432
OSI Systems
OSIS
$3.65B
| $14.2M | 0.01% |
191,125
| – | – |
|
|
ATCO
1433
DELISTED
Atlas Corp.
ATCO
| $14.2M | 0.01% |
777,911
-26,662
| -3% | -$488K |
|
1434
Kulicke & Soffa
KLIC
$4.67B
| $14.2M | 0.01% |
907,757
-39,761
| -4% | -$618K |
|
1435
Molina Healthcare
MOH
$10.2B
| $14.2M | 0.01% |
210,787
-14,741
| -7% | -$852K |
|
|
TIVO
1436
DELISTED
TIVO INC
TIVO
| $14.2M | 0.01% |
1,336,535
-67,830
| -5% | -$733K |
|
|
AL
1437
DELISTED
Air Lease Corp
AL
| $14.2M | 0.01% |
375,097
-43,113
| -10% | -$1.58M |
|
1438
Sinclair Inc
SBGI
$992M
| $14.1M | 0.01% |
449,146
-21,754
| -5% | -$591K |
|
|
PKY
1439
DELISTED
Parkway, Inc.
PKY
| $14.1M | 0.01% |
812,750
+128,082
| +19% | +$2.28M |
|
|
UNT
1440
DELISTED
UNIT Corporation
UNT
| $14.1M | 0.01% |
503,633
| – | – |
|
1441
CVB Financial
CVBF
$3.94B
| $14.1M | 0.01% |
882,638
-77,466
| -8% | -$1.2M |
|
1442
Kaiser Aluminum
KALU
$2.61B
| $14M | 0.01% |
181,708
-6,279
| -3% | -$460K |
|
1443
Spire
SR
$4.72B
| $14M | 0.01% |
272,462
-19,114
| -7% | -$1M |
|
1444
Cal-Maine
CALM
$4.12B
| $14M | 0.01% |
357,156
-11,744
| -3% | -$434K |
|
1445
EXL Service
EXLS
$5.14B
| $13.9M | 0.01% |
1,875,025
-14,355
| -0.8% | -$94K |
|
1446
Credit Acceptance
CACC
$5.95B
| $13.9M | 0.01% |
71,524
-3,618
| -5% | -$612K |
|
1447
Innospec
IOSP
$2.12B
| $13.9M | 0.01% |
300,606
| – | – |
|
|
CUB
1448
DELISTED
Cubic Corporation
CUB
| $13.9M | 0.01% |
269,081
+113,328
| +73% | +$5.94M |
|
|
SHLD
1449
DELISTED
Sears Holding Corporation
SHLD
| $13.9M | 0.01% |
336,182
+27,033
| +9% | +$982K |
|
1450
MBIA
MBI
$261M
| $13.9M | 0.01% |
1,494,647
-78,822
| -5% | -$702K |
|
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.