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 | |
|---|---|---|---|---|---|---|
|
FSP
1551
Franklin Street Properties
FSP
$47.2M
| $12M | 0.01% |
974,738
+25,000
| +3% | +$299K |
|
|
GOV
1552
DELISTED
Government Properties Income Trust
GOV
| $11.9M | 0.01% |
518,901
+108,311
| +26% | +$2.47M |
|
1553
NBT Bancorp
NBTB
$2.74B
| $11.9M | 0.01% |
453,301
+32,874
| +8% | +$811K |
|
|
NXGN
1554
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $11.9M | 0.01% |
763,439
| – | – |
|
1555
Pan American Silver
PAAS
$18.2B
| $11.9M | 0.01% |
1,284,975
+50,000
| +4% | +$499K |
|
|
HIBB
1556
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $11.9M | 0.01% |
245,003
| – | – |
|
1557
Adeia
ADEA
$2.94B
| $11.8M | 0.01% |
1,247,907
| – | – |
|
1558
Acadia Healthcare
ACHC
$2.76B
| $11.8M | 0.01% |
192,523
-61,382
| -24% | -$3.57M |
|
1559
Ezcorp Inc
EZPW
$1.83B
| $11.7M | 0.01% |
999,370
+344,297
| +53% | +$3.64M |
|
|
CHMT
1560
DELISTED
Chemtura Corporation
CHMT
| $11.7M | 0.01% |
473,775
-240,247
| -34% | -$5.58M |
|
1561
Franklin Electric
FELE
$4.63B
| $11.7M | 0.01% |
312,005
+9,078
| +3% | +$335K |
|
|
TRAK
1562
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $11.7M | 0.01% |
264,286
-56,934
| -18% | -$2.54M |
|
1563
Advanced Energy
AEIS
$11.6B
| $11.7M | 0.01% |
492,844
| – | – |
|
|
FMBI
1564
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $11.7M | 0.01% |
680,869
-42,100
| -6% | -$699K |
|
|
CAA
1565
DELISTED
CalAtlantic Group, Inc.
CAA
| $11.6M | 0.01% |
318,248
| – | – |
|
|
CMO
1566
DELISTED
Capstead Mortgage Corp.
CMO
| $11.6M | 0.01% |
943,276
| – | – |
|
1567
B&G Foods
BGS
$287M
| $11.6M | 0.01% |
386,481
-47,808
| -11% | -$1.39M |
|
1568
Liberty Broadband Class A
LBRDA
$4.89B
| $11.5M | 0.01% |
+230,065
| New | +$11.4M |
|
1569
Evertec
EVTC
$1.88B
| $11.5M | 0.01% |
520,687
| – | – |
|
|
JCP
1570
DELISTED
J.C. Penney Company, Inc.
JCP
| $11.5M | 0.01% |
1,769,241
-272,106
| -13% | -$2M |
|
|
DWRE
1571
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $11.3M | 0.01% |
196,853
-31,310
| -14% | -$1.76M |
|
|
NEWP
1572
DELISTED
NEWPORT CORP
NEWP
| $11.3M | 0.01% |
591,695
+176,471
| +43% | +$3.19M |
|
1573
Five Below
FIVE
$12B
| $11.3M | 0.01% |
276,748
-99,851
| -27% | -$4.04M |
|
|
ELLI
1574
DELISTED
Ellie Mae Inc
ELLI
| $11.3M | 0.01% |
280,250
+204,740
| +271% | +$7.93M |
|
1575
Federal Signal
FSS
$7.63B
| $11.3M | 0.01% |
730,962
+76,864
| +12% | +$1.11M |
|
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.