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 | |
|---|---|---|---|---|---|---|
1476
Adtran
ADTN
$698M
| $13.4M | 0.01% |
719,257
-5,726
| -0.8% | -$122K |
|
1477
Simpson Manufacturing
SSD
$7.72B
| $13.4M | 0.01% |
358,175
-45,016
| -11% | -$1.58M |
|
1478
Generac Holdings
GNRC
$11.6B
| $13.4M | 0.01% |
274,879
+140,585
| +105% | +$6.7M |
|
|
KW
1479
DELISTED
Kennedy-Wilson Holdings
KW
| $13.3M | 0.01% |
508,394
| – | – |
|
1480
Rogers Corp
ROG
$2.23B
| $13.3M | 0.01% |
161,220
-11,604
| -7% | -$912K |
|
1481
Piper Sandler
PIPR
$5.09B
| $13.2M | 0.01% |
1,009,400
-59,188
| -6% | -$804K |
|
|
RWT
1482
Redwood Trust
RWT
$574M
| $13.2M | 0.01% |
739,233
| – | – |
|
1483
RPC Inc
RES
$1.23B
| $13.2M | 0.01% |
1,029,779
| – | – |
|
1484
Buckle
BKE
$2.27B
| $13.1M | 0.01% |
257,328
-6,786
| -3% | -$342K |
|
1485
Celldex Therapeutics
CLDX
$2.97B
| $13.1M | 0.01% |
31,438
| – | – |
|
1486
Community Bank
CBU
$3.4B
| $13.1M | 0.01% |
371,235
-32,400
| -8% | -$1.14M |
|
|
FSP
1487
Franklin Street Properties
FSP
$47.5M
| $13.1M | 0.01% |
1,024,738
+50,000
| +5% | +$640K |
|
|
RPT
1488
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $13.1M | 0.01% |
705,616
| – | – |
|
|
DDC
1489
DELISTED
Dominion Diamond Corporation
DDC
| $13.1M | 0.01% |
766,913
+36,000
| +5% | +$607K |
|
|
ESGR
1490
DELISTED
Enstar Group
ESGR
| $13.1M | 0.01% |
92,197
-4,667
| -5% | -$652K |
|
1491
Hyster-Yale Materials Handling
HY
$597M
| $13M | 0.01% |
177,991
| – | – |
|
1492
Northwest Natural Holdings
NWN
$2.06B
| $13M | 0.01% |
271,763
| – | – |
|
1493
Dycom Industries
DY
$12.1B
| $13M | 0.01% |
266,557
-18,341
| -6% | -$721K |
|
1494
Liberty Broadband Class A
LBRDA
$4.91B
| $13M | 0.01% |
230,065
| – | – |
|
|
WAGE
1495
DELISTED
WageWorks, Inc.
WAGE
| $12.9M | 0.01% |
242,803
+22,452
| +10% | +$1.28M |
|
1496
Mine Safety
MSA
$7.51B
| $12.9M | 0.01% |
259,511
| – | – |
|
1497
Grand Canyon Education
LOPE
$3.84B
| $12.9M | 0.01% |
298,694
-35,512
| -11% | -$1.59M |
|
|
NTUS
1498
DELISTED
Natus Medical Inc
NTUS
| $12.9M | 0.01% |
327,665
-16,057
| -5% | -$592K |
|
1499
LiveRamp
RAMP
$2.3B
| $12.9M | 0.01% |
699,223
-66,053
| -9% | -$1.27M |
|
1500
BOK Financial
BOKF
$8.6B
| $12.9M | 0.01% |
210,730
-10,374
| -5% | -$605K |
|
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.