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 | |
|---|---|---|---|---|---|---|
1526
Diodes
DIOD
$3.78B
| $12.4M | 0.01% |
433,036
+134,600
| +45% | +$3.77M |
|
|
CSH
1527
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $12.3M | 0.01% |
529,609
+102,200
| +24% | +$2.26M |
|
1528
Acadia Healthcare
ACHC
$2.76B
| $12.3M | 0.01% |
171,874
-20,649
| -11% | -$1.32M |
|
1529
Adeia
ADEA
$2.94B
| $12.3M | 0.01% |
1,154,601
-93,306
| -7% | -$954K |
|
1530
Greif
GEF
$4.92B
| $12.3M | 0.01% |
313,078
+75,000
| +32% | +$3.07M |
|
1531
Agios Pharmaceuticals
AGIO
$1.79B
| $12.3M | 0.01% |
+129,994
| New | +$14.6M |
|
1532
Louisiana-Pacific
LPX
$5.06B
| $12.3M | 0.01% |
742,086
-63,529
| -8% | -$1.05M |
|
|
NGD
1533
DELISTED
New Gold Inc
NGD
| $12.2M | 0.01% |
3,648,453
-243,396
| -6% | -$959K |
|
|
CCC
1534
DELISTED
Calgon Carbon Corp
CCC
| $12.2M | 0.01% |
579,226
-15,706
| -3% | -$318K |
|
|
NXGN
1535
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $12.2M | 0.01% |
763,439
| – | – |
|
|
NAV
1536
DELISTED
Navistar International
NAV
| $12.2M | 0.01% |
413,482
-35,715
| -8% | -$1.07M |
|
|
ROSE
1537
DELISTED
ROSETTA RESOURCES INC
ROSE
| $12.2M | 0.01% |
715,409
+125,781
| +21% | +$2.41M |
|
|
MAGN
1538
Magnera Corp
MAGN
$472M
| $12.2M | 0.01% |
33,978
-6,436
| -16% | -$2.07M |
|
|
JCP
1539
DELISTED
J.C. Penney Company, Inc.
JCP
| $12.2M | 0.01% |
1,445,850
-323,391
| -18% | -$2.52M |
|
1540
Advanced Micro Devices
AMD
$776B
| $12.1M | 0.01% |
4,512,729
-1,540,544
| -25% | -$4.33M |
|
|
NCI
1541
DELISTED
Navigant Consulting, Inc.
NCI
| $12M | 0.01% |
929,022
| – | – |
|
|
BPFH
1542
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $12M | 0.01% |
986,662
+193,821
| +24% | +$2.38M |
|
1543
Acco Brands
ACCO
$389M
| $12M | 0.01% |
1,439,276
| – | – |
|
1544
Horace Mann Educators
HMN
$2.1B
| $12M | 0.01% |
349,651
-13,067
| -4% | -$421K |
|
1545
Lattice Semiconductor
LSCC
$17.6B
| $11.9M | 0.01% |
1,875,211
-34,411
| -2% | -$228K |
|
1546
OFG Bancorp
OFG
$2.23B
| $11.9M | 0.01% |
727,805
| – | – |
|
|
SCTY
1547
DELISTED
SolarCity Corporation
SCTY
| $11.9M | 0.01% |
231,613
-425,495
| -65% | -$21.9M |
|
|
GOV
1548
DELISTED
Government Properties Income Trust
GOV
| $11.9M | 0.01% |
518,901
| – | – |
|
|
FOE
1549
DELISTED
Ferro Corporation
FOE
| $11.8M | 0.01% |
944,072
-39,764
| -4% | -$488K |
|
1550
FirstCash
FCFS
$8.85B
| $11.8M | 0.01% |
254,590
-11,034
| -4% | -$549K |
|
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.