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 | |
|---|---|---|---|---|---|---|
126
Alcoa
AA
$11.9B
| $309M | 0.16% |
8,135,399
+2,195,158
| +37% | +$85.1M |
|
127
Baxter International
BAX
$13.5B
| $304M | 0.15% |
7,630,965
+238,164
| +3% | +$9.28M |
|
128
Canadian Imperial Bank of Commerce
CM
$108B
| $298M | 0.15% |
6,997,329
-176,533
| -2% | -$7.81M |
|
129
Canadian Natural Resources
CNQ
$99.4B
| $297M | 0.15% |
19,795,468
+370,462
| +2% | +$6.05M |
|
130
Caterpillar
CAT
$375B
| $294M | 0.15% |
3,215,791
-310,064
| -9% | -$30.2M |
|
131
Exelon
EXC
$47.2B
| $293M | 0.15% |
11,061,299
+215,413
| +2% | +$5.53M |
|
132
Elevance Health
ELV
$81.5B
| $289M | 0.15% |
2,301,422
-26,805
| -1% | -$3.31M |
|
133
Archer Daniels Midland
ADM
$38.2B
| $287M | 0.15% |
5,522,710
+273,318
| +5% | +$13.6M |
|
134
Micron Technology
MU
$930B
| $286M | 0.15% |
8,165,413
-1,075,845
| -12% | -$35.6M |
|
135
Regeneron Pharmaceuticals
REGN
$78.5B
| $283M | 0.14% |
689,068
+16,645
| +2% | +$6.55M |
|
|
CMCSK
136
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $280M | 0.14% |
4,857,202
| – | – |
|
|
KRFT
137
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $276M | 0.14% |
4,410,084
+70,926
| +2% | +$4.15M |
|
138
General Motors
GM
$80.4B
| $276M | 0.14% |
7,913,111
+179,876
| +2% | +$5.74M |
|
139
Automatic Data Processing
ADP
$106B
| $275M | 0.14% |
3,303,222
-389,808
| -11% | -$31.6M |
|
140
Intercontinental Exchange
ICE
$85.6B
| $275M | 0.14% |
6,261,890
+24,540
| +0.4% | +$1.05M |
|
141
Liberty Global Class A
LBTYA
$3.62B
| $272M | 0.14% |
6,574,731
+2,828,732
| +76% | +$109M |
|
142
Southern Company
SO
$109B
| $272M | 0.14% |
5,538,960
+254,685
| +5% | +$12M |
|
143
Kroger
KR
$35.4B
| $271M | 0.14% |
8,439,962
+72,648
| +0.9% | +$2.1M |
|
144
Trane Technologies
TT
$100B
| $270M | 0.14% |
4,252,853
+70,972
| +2% | +$4.33M |
|
|
AET
145
DELISTED
Aetna Inc
AET
| $269M | 0.14% |
3,028,377
+103,773
| +4% | +$8.71M |
|
146
Morgan Stanley
MS
$331B
| $267M | 0.14% |
6,880,699
-170,800
| -2% | -$6.08M |
|
147
Brookfield
BN
$104B
| $264M | 0.13% |
22,486,647
| – | – |
|
148
Johnson Controls International
JCI
$88.8B
| $264M | 0.13% |
5,209,659
-382,000
| -7% | -$18.7M |
|
|
PCP
149
DELISTED
PRECISION CASTPARTS CORP
PCP
| $260M | 0.13% |
1,078,421
+110,116
| +11% | +$25.4M |
|
|
ALXN
150
DELISTED
Alexion Pharmaceuticals
ALXN
| $254M | 0.13% |
1,371,751
+31,511
| +2% | +$5.84M |
|
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.