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 | |
|---|---|---|---|---|---|---|
1576
Greif
GEF
$4.92B
| $11.2M | 0.01% |
238,078
| – | – |
|
|
HRG
1577
DELISTED
HRG Group, Inc.
HRG
| $11.2M | 0.01% |
792,785
| – | – |
|
1578
Forum Energy Technologies
FET
$708M
| $11.2M | 0.01% |
27,003
+6,844
| +34% | +$3.38M |
|
|
EGL
1579
DELISTED
Engility Holdings, Inc.
EGL
| $11.2M | 0.01% |
261,475
+79,684
| +44% | +$3.17M |
|
1580
Crocs
CROX
$6.14B
| $11.2M | 0.01% |
894,550
+40,617
| +5% | +$502K |
|
|
PF
1581
DELISTED
Pinnacle Foods, Inc.
PF
| $11.1M | 0.01% |
315,385
+60,045
| +24% | +$2.02M |
|
1582
Hudbay
HBM
$10.1B
| $11.1M | 0.01% |
1,273,685
| – | – |
|
1583
Hope Bancorp
HOPE
$1.79B
| $11.1M | 0.01% |
772,298
+71,429
| +10% | +$1.01M |
|
|
DGI
1584
DELISTED
DigitalGlobe Inc.
DGI
| $11.1M | 0.01% |
357,432
-53,069
| -13% | -$1.49M |
|
1585
American Public Education
APEI
$890M
| $11.1M | 0.01% |
300,000
+34,900
| +13% | +$1.13M |
|
|
ICON
1586
DELISTED
Iconix Brand Group, Inc.
ICON
| $11M | 0.01% |
32,680
| – | – |
|
1587
Alamos Gold
AGI
$11.6B
| $11M | 0.01% |
1,540,360
+100,032
| +7% | +$760K |
|
|
CZZ
1588
DELISTED
Cosan Limited
CZZ
| $11M | 0.01% |
1,422,666
| – | – |
|
1589
Civeo
CVEO
$345M
| $11M | 0.01% |
222,768
+91,699
| +70% | +$11.4M |
|
|
RYL
1590
DELISTED
RYLAND GROUP INC
RYL
| $11M | 0.01% |
284,827
-90,185
| -24% | -$3.27M |
|
|
MTSC
1591
DELISTED
MTS Systems Corp
MTSC
| $11M | 0.01% |
146,161
| – | – |
|
1592
MannKind Corp
MNKD
$1.21B
| $11M | 0.01% |
420,142
-35,651
| -8% | -$1.01M |
|
1593
FerroAtlántica
GSM
$594M
| $11M | 0.01% |
635,601
+35,787
| +6% | +$620K |
|
|
EGOV
1594
DELISTED
NIC Inc
EGOV
| $10.9M | 0.01% |
608,362
+134,318
| +28% | +$2.39M |
|
|
SNR
1595
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $10.9M | 0.01% |
+663,028
| New | +$11.5M |
|
1596
DXP Enterprises
DXPE
$2.43B
| $10.9M | 0.01% |
215,751
+84,452
| +64% | +$5.07M |
|
|
PDLI
1597
DELISTED
PDL BioPharma, Inc.
PDLI
| $10.9M | 0.01% |
1,411,130
-303,264
| -18% | -$2.4M |
|
|
BOBE
1598
DELISTED
Bob Evans Farms, Inc.
BOBE
| $10.9M | 0.01% |
212,359
+18,410
| +9% | +$925K |
|
|
BKS
1599
DELISTED
Barnes & Noble
BKS
| $10.9M | 0.01% |
713,814
+194,359
| +37% | +$2.76M |
|
1600
EXL Service
EXLS
$5.14B
| $10.8M | 0.01% |
1,889,380
+201,045
| +12% | +$1.1M |
|
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.