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 | |
|---|---|---|---|---|---|---|
1526
Safety Insurance
SAFT
$1.52B
| $12.6M | 0.01% |
197,123
+23,695
| +14% | +$1.42M |
|
1527
AZZ Inc
AZZ
$4.35B
| $12.6M | 0.01% |
268,893
+25,975
| +11% | +$1.17M |
|
|
PKY
1528
DELISTED
Parkway, Inc.
PKY
| $12.6M | 0.01% |
684,668
+134,941
| +25% | +$2.57M |
|
|
IGTE
1529
DELISTED
IGATE CORPORATION
IGTE
| $12.6M | 0.01% |
318,769
| – | – |
|
|
B
1530
DELISTED
Barnes Group Inc.
B
| $12.6M | 0.01% |
340,006
-50,664
| -13% | -$1.78M |
|
|
VSI
1531
DELISTED
Vitamin Shoppe Inc.
VSI
| $12.6M | 0.01% |
258,946
-23,861
| -8% | -$1.09M |
|
1532
Brixmor Property Group
BRX
$9.67B
| $12.5M | 0.01% |
502,889
| – | – |
|
|
ABCO
1533
DELISTED
Advisory Board Co
ABCO
| $12.5M | 0.01% |
254,871
+29,369
| +13% | +$1.38M |
|
|
SNCR
1534
DELISTED
Synchronoss Technologies
SNCR
| $12.5M | 0.01% |
33,084
| – | – |
|
1535
Brink's
BCO
$4.88B
| $12.4M | 0.01% |
508,229
| – | – |
|
1536
Hilltop Holdings
HTH
$2.26B
| $12.4M | 0.01% |
621,198
+63,882
| +11% | +$1.31M |
|
|
NTUS
1537
DELISTED
Natus Medical Inc
NTUS
| $12.4M | 0.01% |
343,722
| – | – |
|
|
ARR
1538
Armour Residential REIT
ARR
$2.33B
| $12.4M | 0.01% |
84,116
| – | – |
|
|
CCC
1539
DELISTED
Calgon Carbon Corp
CCC
| $12.4M | 0.01% |
594,932
+34,201
| +6% | +$694K |
|
1540
Cogent Communications
CCOI
$676M
| $12.3M | 0.01% |
347,085
| – | – |
|
|
TYPE
1541
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $12.2M | 0.01% |
423,987
+373,788
| +745% | +$10.5M |
|
|
HPP
1542
Hudson Pacific Properties
HPP
$747M
| $12.2M | 0.01% |
57,964
| – | – |
|
1543
Omnicell
OMCL
$1.61B
| $12.2M | 0.01% |
367,104
| – | – |
|
1544
OFG Bancorp
OFG
$2.23B
| $12.1M | 0.01% |
727,805
+67,159
| +10% | +$1.03M |
|
1545
Molina Healthcare
MOH
$10.2B
| $12.1M | 0.01% |
225,528
-37,816
| -14% | -$1.83M |
|
1546
Stepan Co
SCL
$1.46B
| $12M | 0.01% |
300,358
+96,561
| +47% | +$4.1M |
|
1547
Horace Mann Educators
HMN
$2.1B
| $12M | 0.01% |
362,718
| – | – |
|
1548
Monro
MNRO
$383M
| $12M | 0.01% |
207,935
| – | – |
|
|
PWE
1549
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $12M | 0.01% |
5,728,304
+918,071
| +19% | +$3.62M |
|
1550
Stride
LRN
$3.41B
| $12M | 0.01% |
1,007,624
+539,064
| +115% | +$7.05M |
|
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.