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 | |
|---|---|---|---|---|---|---|
|
FNFV
1551
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $11.8M | 0.01% |
839,834
+9,405
| +1% | +$127K |
|
1552
Heartland Express
HTLD
$986M
| $11.8M | 0.01% |
496,491
-22,358
| -4% | -$567K |
|
|
RSPP
1553
DELISTED
RSP Permian, Inc.
RSPP
| $11.8M | 0.01% |
468,127
+370,000
| +377% | +$9.89M |
|
1554
Coherent
COHR
$48.7B
| $11.8M | 0.01% |
638,531
+76,466
| +14% | +$1.26M |
|
1555
Safety Insurance
SAFT
$1.51B
| $11.8M | 0.01% |
197,123
| – | – |
|
|
HIBB
1556
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $11.7M | 0.01% |
239,162
-5,841
| -2% | -$288K |
|
1557
AZZ Inc
AZZ
$4.36B
| $11.7M | 0.01% |
251,718
-17,175
| -6% | -$757K |
|
1558
Hilltop Holdings
HTH
$2.26B
| $11.7M | 0.01% |
603,098
-18,100
| -3% | -$344K |
|
|
SAVE
1559
DELISTED
Spirit Airlines, Inc.
SAVE
| $11.7M | 0.01% |
151,467
-33,797
| -18% | -$2.59M |
|
1560
FerroAtlántica
GSM
$600M
| $11.7M | 0.01% |
617,721
-17,880
| -3% | -$302K |
|
|
HT
1561
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $11.7M | 0.01% |
451,563
| – | – |
|
|
VIVO
1562
DELISTED
Meridian Bioscience Inc
VIVO
| $11.7M | 0.01% |
612,452
| – | – |
|
|
SWC
1563
DELISTED
Stillwater Mining Co
SWC
| $11.7M | 0.01% |
902,314
-10,701
| -1% | -$148K |
|
|
TUMI
1564
DELISTED
TUMI HLDGS INC COM
TUMI
| $11.6M | 0.01% |
473,156
-75,236
| -14% | -$1.71M |
|
1565
Federal Signal
FSS
$7.6B
| $11.5M | 0.01% |
730,962
| – | – |
|
1566
Urban Edge Properties
UE
$2.87B
| $11.5M | 0.01% |
+486,618
| New | +$11.6M |
|
1567
TD Synnex
SNX
$20.2B
| $11.5M | 0.01% |
298,252
+22,800
| +8% | +$877K |
|
1568
Standex International
SXI
$3.48B
| $11.5M | 0.01% |
140,104
| – | – |
|
|
DWRE
1569
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $11.5M | 0.01% |
188,172
-8,681
| -4% | -$505K |
|
1570
Tennant Co
TNC
$1.41B
| $11.5M | 0.01% |
175,269
| – | – |
|
|
DGI
1571
DELISTED
DigitalGlobe Inc.
DGI
| $11.4M | 0.01% |
335,948
-21,484
| -6% | -$671K |
|
|
LOGM
1572
DELISTED
LogMein, Inc.
LOGM
| $11.4M | 0.01% |
204,390
| – | – |
|
1573
Andersons Inc
ANDE
$2.44B
| $11.4M | 0.01% |
274,825
-23,616
| -8% | -$1.06M |
|
1574
NBT Bancorp
NBTB
$2.75B
| $11.4M | 0.01% |
453,301
| – | – |
|
|
NEWP
1575
DELISTED
NEWPORT CORP
NEWP
| $11.3M | 0.01% |
591,695
| – | – |
|
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.