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 | |
|---|---|---|---|---|---|---|
1601
Standex International
SXI
$3.59B
| $10.8M | 0.01% |
140,104
+30,790
| +28% | +$2.35M |
|
|
KCG
1602
DELISTED
KCG Holdings, Inc.
KCG
| $10.8M | 0.01% |
928,991
| – | – |
|
|
CPLA
1603
DELISTED
Capella Education Company
CPLA
| $10.8M | 0.01% |
140,306
+21,002
| +18% | +$1.44M |
|
1604
Tenaris
TS
$28.9B
| $10.8M | 0.01% |
357,005
| – | – |
|
|
MDAS
1605
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $10.8M | 0.01% |
545,775
+46,189
| +9% | +$938K |
|
1606
Northwest Bancshares
NWBI
$2.3B
| $10.8M | 0.01% |
859,706
| – | – |
|
1607
Chord Energy
CHRD
$7.9B
| $10.8M | 0.01% |
651,000
| – | – |
|
1608
TD Synnex
SNX
$20.4B
| $10.8M | 0.01% |
275,452
-49,950
| -15% | -$1.73M |
|
1609
WisdomTree
WT
$2.96B
| $10.8M | 0.01% |
685,947
+95,238
| +16% | +$1.32M |
|
|
BPFH
1610
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $10.7M | 0.01% |
792,841
+184,827
| +30% | +$2.37M |
|
1611
Kinross Gold
KGC
$27.4B
| $10.6M | 0.01% |
3,771,741
| – | – |
|
|
AYR
1612
DELISTED
Aircastle Ltd
AYR
| $10.6M | 0.01% |
496,788
-58,685
| -11% | -$1.14M |
|
|
NPKI
1613
NPK International
NPKI
$1.06B
| $10.5M | 0.01% |
1,105,051
+274,025
| +33% | +$2.91M |
|
|
KAMN
1614
DELISTED
Kaman Corp
KAMN
| $10.5M | 0.01% |
261,728
| – | – |
|
|
FFG
1615
DELISTED
FBL Financial Group
FFG
| $10.5M | 0.01% |
180,832
+19,398
| +12% | +$988K |
|
1616
First Financial Bancorp
FFBC
$3.55B
| $10.5M | 0.01% |
563,716
+17,100
| +3% | +$296K |
|
|
KNL
1617
DELISTED
Knoll, Inc.
KNL
| $10.4M | 0.01% |
492,787
+259,701
| +111% | +$4.96M |
|
|
AHT
1618
Ashford Hospitality Trust
AHT
$20.9M
| $10.4M | 0.01% |
1,007
+270
| +37% | +$2.72M |
|
1619
Artisan Partners
APAM
$2.79B
| $10.4M | 0.01% |
206,030
| – | – |
|
|
QLGC
1620
DELISTED
QLOGIC CORP
QLGC
| $10.4M | 0.01% |
777,440
-104,767
| -12% | -$1.19M |
|
|
CRAY
1621
DELISTED
Cray, Inc.
CRAY
| $10.4M | 0.01% |
+300,253
| New | +$9.54M |
|
1622
Otter Tail
OTTR
$3.71B
| $10.3M | 0.01% |
334,064
-3,008
| -0.9% | -$88.8K |
|
1623
Resources Connection
RGP
$151M
| $10.3M | 0.01% |
628,314
| – | – |
|
1624
The Greenbrier Companies
GBX
$1.52B
| $10.3M | 0.01% |
192,278
+188,710
| +5,289% | +$10.7M |
|
1625
Renasant Corp
RNST
$3.98B
| $10.3M | 0.01% |
356,283
+120,200
| +51% | +$3.45M |
|
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.