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 | |
|---|---|---|---|---|---|---|
1451
Rogers Corp
ROG
$2.21B
| $14.1M | 0.01% |
172,824
+18,832
| +12% | +$1.26M |
|
|
EFOR
1452
Everforth Inc
EFOR
$1.17B
| $14.1M | 0.01% |
423,560
+1,100
| +0.3% | +$33.1K |
|
|
TAL
1453
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $14.1M | 0.01% |
322,655
+29,881
| +10% | +$1.26M |
|
|
EDE
1454
DELISTED
Empire District Electric
EDE
| $14M | 0.01% |
472,308
-37,121
| -7% | -$1.02M |
|
1455
Heartland Express
HTLD
$948M
| $14M | 0.01% |
518,849
| – | – |
|
1456
Scholastic
SCHL
$767M
| $14M | 0.01% |
384,673
-10,491
| -3% | -$357K |
|
1457
Silicon Laboratories
SLAB
$7.17B
| $14M | 0.01% |
294,119
+127,139
| +76% | +$5.61M |
|
|
ORB
1458
DELISTED
ORBITAL SCIENCES CORP
ORB
| $14M | 0.01% |
520,809
+68,396
| +15% | +$1.81M |
|
|
SAVE
1459
DELISTED
Spirit Airlines, Inc.
SAVE
| $14M | 0.01% |
185,264
-14,556
| -7% | -$1.04M |
|
1460
ABM Industries
ABM
$2.81B
| $14M | 0.01% |
488,334
| – | – |
|
1461
Simpson Manufacturing
SSD
$7.72B
| $13.9M | 0.01% |
403,191
+60,300
| +18% | +$1.96M |
|
|
TDAY
1462
USA Today Co
TDAY
$1.27B
| $13.9M | 0.01% |
589,937
| – | – |
|
1463
Unisys
UIS
$209M
| $13.9M | 0.01% |
472,707
-35,293
| -7% | -$888K |
|
|
AAT
1464
American Assets Trust
AAT
$1.45B
| $13.9M | 0.01% |
349,022
| – | – |
|
1465
Buckle
BKE
$2.25B
| $13.9M | 0.01% |
264,114
-61,220
| -19% | -$3.01M |
|
|
CRC
1466
DELISTED
California Resources Corporation
CRC
| $13.8M | 0.01% |
+250,521
| New | +$15.1M |
|
|
FCH
1467
DELISTED
Felcor Lodging Trust
FCH
| $13.8M | 0.01% |
1,275,805
| – | – |
|
1468
Mine Safety
MSA
$7.35B
| $13.8M | 0.01% |
259,511
| – | – |
|
1469
Bloomin' Brands
BLMN
$741M
| $13.8M | 0.01% |
556,078
| – | – |
|
1470
AAR Corp
AIR
$5.59B
| $13.8M | 0.01% |
495,282
+170,725
| +53% | +$4.42M |
|
1471
Tidewater
TDW
$3.73B
| $13.7M | 0.01% |
13,143
-1,490
| -10% | -$1.69M |
|
1472
Kulicke & Soffa
KLIC
$4.67B
| $13.7M | 0.01% |
947,518
+116,546
| +14% | +$1.61M |
|
|
SONC
1473
DELISTED
Sonic Corp
SONC
| $13.7M | 0.01% |
503,106
| – | – |
|
1474
RBC Bearings
RBC
$17.4B
| $13.7M | 0.01% |
211,632
| – | – |
|
1475
Old National Bancorp
ONB
$10.2B
| $13.6M | 0.01% |
916,974
| – | – |
|
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.