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 | |
|---|---|---|---|---|---|---|
|
UTIW
1451
DELISTED
UTI WORLDWIDE INC
UTIW
| $13.9M | 0.01% |
1,129,801
| – | – |
|
|
TYPE
1452
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $13.8M | 0.01% |
423,987
| – | – |
|
1453
Antero Resources
AR
$11.1B
| $13.8M | 0.01% |
391,108
| – | – |
|
|
HMSY
1454
DELISTED
HMS Holdings Corp.
HMSY
| $13.8M | 0.01% |
893,130
| – | – |
|
1455
Bloomin' Brands
BLMN
$740M
| $13.8M | 0.01% |
566,389
+10,311
| +2% | +$257K |
|
|
HF
1456
DELISTED
HFF Inc.
HF
| $13.8M | 0.01% |
366,908
+306,321
| +506% | +$11M |
|
|
LNCE
1457
DELISTED
Snyders-Lance, Inc.
LNCE
| $13.8M | 0.01% |
430,592
-62,048
| -13% | -$1.88M |
|
1458
International Bancshares
IBOC
$4.76B
| $13.7M | 0.01% |
528,156
-29,304
| -5% | -$720K |
|
|
PGH
1459
DELISTED
Pengrowth Energy Corporation
PGH
| $13.7M | 0.01% |
4,577,780
-1,430,412
| -24% | -$4.32M |
|
1460
Evertec
EVTC
$1.88B
| $13.7M | 0.01% |
627,622
+106,935
| +21% | +$2.26M |
|
1461
Franklin Electric
FELE
$4.63B
| $13.7M | 0.01% |
359,666
+47,661
| +15% | +$1.71M |
|
1462
Ormat Technologies
ORA
$6B
| $13.7M | 0.01% |
361,623
+179,173
| +98% | +$5.62M |
|
1463
NETGEAR
NTGR
$649M
| $13.7M | 0.01% |
417,079
-35,114
| -8% | -$1.16M |
|
|
MDCO
1464
DELISTED
Medicines Co
MDCO
| $13.7M | 0.01% |
488,410
-49,643
| -9% | -$1.39M |
|
|
FNSR
1465
DELISTED
Finisar Corp
FNSR
| $13.7M | 0.01% |
640,444
-43,860
| -6% | -$893K |
|
|
SJI
1466
DELISTED
South Jersey Industries, Inc.
SJI
| $13.7M | 0.01% |
503,072
-32,990
| -6% | -$941K |
|
1467
STAG Industrial
STAG
$7.37B
| $13.6M | 0.01% |
579,906
+293,206
| +102% | +$7.38M |
|
|
CYS
1468
DELISTED
CYS Investments Inc.
CYS
| $13.6M | 0.01% |
1,529,150
| – | – |
|
1469
Lands' End
LE
$369M
| $13.5M | 0.01% |
377,269
-221
| -0.1% | -$8.78K |
|
|
MDRX
1470
DELISTED
Veradigm Inc. Common Stock
MDRX
| $13.5M | 0.01% |
1,130,348
-162,681
| -13% | -$1.99M |
|
1471
Pacira BioSciences
PCRX
$1.04B
| $13.5M | 0.01% |
152,109
-17,427
| -10% | -$1.77M |
|
1472
Insperity
NSP
$1.93B
| $13.5M | 0.01% |
516,850
+50,000
| +11% | +$1.16M |
|
|
IBKC
1473
DELISTED
IBERIABANK Corp
IBKC
| $13.5M | 0.01% |
214,236
-18,465
| -8% | -$1.13M |
|
|
FCH
1474
DELISTED
Felcor Lodging Trust
FCH
| $13.5M | 0.01% |
1,173,692
-102,113
| -8% | -$1.1M |
|
1475
Strategy Inc
MSTR
$34.1B
| $13.5M | 0.01% |
795,860
-28,990
| -4% | -$489K |
|
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.