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 | |
|---|---|---|---|---|---|---|
1476
Powell Industries
POWL
$7.6B
| $13.6M | 0.01% |
833,841
+451,266
| +118% | +$6.7M |
|
|
UTIW
1477
DELISTED
UTI WORLDWIDE INC
UTIW
| $13.6M | 0.01% |
1,129,801
+402,436
| +55% | +$4.51M |
|
|
CODE
1478
DELISTED
SPANSION INC, CLASS A COMMON STOCK
CODE
| $13.6M | 0.01% |
397,463
| – | – |
|
|
SYKE
1479
DELISTED
SYKES Enterprises Inc
SYKE
| $13.6M | 0.01% |
579,434
+50,176
| +9% | +$1.12M |
|
1480
Northwest Natural Holdings
NWN
$2.06B
| $13.6M | 0.01% |
271,763
| – | – |
|
1481
CVR Energy
CVI
$3.58B
| $13.5M | 0.01% |
349,839
| – | – |
|
1482
OSI Systems
OSIS
$3.65B
| $13.5M | 0.01% |
191,125
+61,691
| +48% | +$4.21M |
|
|
SWC
1483
DELISTED
Stillwater Mining Co
SWC
| $13.5M | 0.01% |
913,015
+91,145
| +11% | +$1.25M |
|
|
OPLN
1484
Openlane
OPLN
$4.21B
| $13.4M | 0.01% |
1,025,516
| – | – |
|
|
MAGN
1485
Magnera Corp
MAGN
$472M
| $13.4M | 0.01% |
40,414
| – | – |
|
1486
Kaiser Aluminum
KALU
$2.61B
| $13.4M | 0.01% |
187,987
-40,794
| -18% | -$2.95M |
|
1487
RPC Inc
RES
$1.24B
| $13.4M | 0.01% |
1,029,779
+52,960
| +5% | +$815K |
|
1488
Strategy Inc
MSTR
$34.1B
| $13.4M | 0.01% |
824,850
| – | – |
|
1489
Cleveland-Cliffs
CLF
$6.57B
| $13.4M | 0.01% |
1,872,116
-103,842
| -5% | -$903K |
|
1490
Louisiana-Pacific
LPX
$5.06B
| $13.3M | 0.01% |
805,615
-283,918
| -26% | -$4.25M |
|
|
CYS
1491
DELISTED
CYS Investments Inc.
CYS
| $13.3M | 0.01% |
1,529,150
| – | – |
|
|
MHFI
1492
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $13.3M | 0.01% |
149,744
| – | – |
|
|
DMC
1493
Del Monte Corp
DMC
$1.41B
| $13.3M | 0.01% |
397,093
-21,077
| -5% | -$687K |
|
1494
California Water Service
CWT
$3.1B
| $13.3M | 0.01% |
541,078
+79,295
| +17% | +$1.94M |
|
|
FNSR
1495
DELISTED
Finisar Corp
FNSR
| $13.3M | 0.01% |
684,304
-178,320
| -21% | -$3.06M |
|
1496
Opko Health
OPK
$985M
| $13.3M | 0.01% |
1,329,305
+276,822
| +26% | +$2.37M |
|
1497
BOK Financial
BOKF
$8.58B
| $13.3M | 0.01% |
221,104
+15,300
| +7% | +$988K |
|
|
RPT
1498
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $13.2M | 0.01% |
705,616
+148,464
| +27% | +$2.59M |
|
1499
Amkor Technology
AMKR
$12.4B
| $13.2M | 0.01% |
1,857,351
| – | – |
|
|
DDC
1500
DELISTED
Dominion Diamond Corporation
DDC
| $13.2M | 0.01% |
730,913
| – | – |
|
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.