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 | |
|---|---|---|---|---|---|---|
1576
Zumiez
ZUMZ
$334M
| $11.2M | 0.01% |
279,143
-137,802
| -33% | -$5.34M |
|
1577
WD-40
WDFC
$3.06B
| $11.2M | 0.01% |
126,826
-25,420
| -17% | -$2.14M |
|
|
ENV
1578
DELISTED
ENVESTNET, INC.
ENV
| $11.2M | 0.01% |
200,240
| – | – |
|
|
FFG
1579
DELISTED
FBL Financial Group
FFG
| $11.2M | 0.01% |
180,832
| – | – |
|
|
KNL
1580
DELISTED
Knoll, Inc.
KNL
| $11.2M | 0.01% |
477,739
-15,048
| -3% | -$313K |
|
1581
Hope Bancorp
HOPE
$1.79B
| $11.2M | 0.01% |
772,298
| – | – |
|
1582
The Greenbrier Companies
GBX
$1.52B
| $11.2M | 0.01% |
192,278
| – | – |
|
|
PRFT
1583
DELISTED
Perficient Inc
PRFT
| $11.1M | 0.01% |
538,742
+64,114
| +14% | +$1.24M |
|
|
TBI
1584
Trueblue
TBI
$222M
| $11.1M | 0.01% |
457,221
-115,567
| -20% | -$2.6M |
|
|
BKS
1585
DELISTED
Barnes & Noble
BKS
| $11.1M | 0.01% |
713,814
| – | – |
|
|
KAMN
1586
DELISTED
Kaman Corp
KAMN
| $11.1M | 0.01% |
261,728
| – | – |
|
|
CMO
1587
DELISTED
Capstead Mortgage Corp.
CMO
| $11.1M | 0.01% |
943,276
| – | – |
|
1588
Pan American Silver
PAAS
$18.6B
| $11.1M | 0.01% |
1,263,911
-21,064
| -2% | -$216K |
|
|
MTSC
1589
DELISTED
MTS Systems Corp
MTSC
| $11.1M | 0.01% |
146,161
| – | – |
|
1590
EPAM Systems
EPAM
$5.42B
| $11.1M | 0.01% |
180,357
+81,768
| +83% | +$4.44M |
|
1591
Employers Holdings
EIG
$941M
| $11M | 0.01% |
407,531
| – | – |
|
|
PMC
1592
DELISTED
PharMerica Corporation
PMC
| $11M | 0.01% |
389,534
-4,987
| -1% | -$124K |
|
1593
Unisys
UIS
$230M
| $11M | 0.01% |
472,707
| – | – |
|
1594
Kinross Gold
KGC
$28B
| $11M | 0.01% |
4,910,521
+1,138,780
| +30% | +$3.31M |
|
|
INFN
1595
DELISTED
Infinera Corporation Common Stock
INFN
| $10.9M | 0.01% |
555,695
+13,700
| +3% | +$230K |
|
1596
Resources Connection
RGP
$147M
| $10.9M | 0.01% |
623,814
-4,500
| -0.7% | -$77.6K |
|
1597
Sabre
SABR
$739M
| $10.9M | 0.01% |
+448,609
| New | +$9.6M |
|
|
MANT
1598
DELISTED
Mantech International Corp
MANT
| $10.9M | 0.01% |
320,895
| – | – |
|
|
EDE
1599
DELISTED
Empire District Electric
EDE
| $10.8M | 0.01% |
436,351
-35,957
| -8% | -$978K |
|
|
EGOV
1600
DELISTED
NIC Inc
EGOV
| $10.8M | 0.01% |
608,362
| – | – |
|
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.