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 | |
|---|---|---|---|---|---|---|
|
AHT
1601
Ashford Hospitality Trust
AHT
$20.9M
| $10.7M | 0.01% |
1,128
+121
| +12% | +$1.24M |
|
1602
MannKind Corp
MNKD
$1.27B
| $10.7M | 0.01% |
412,002
-8,140
| -2% | -$245K |
|
1603
Ezcorp Inc
EZPW
$1.79B
| $10.7M | 0.01% |
1,171,770
+172,400
| +17% | +$1.84M |
|
|
HLSS
1604
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $10.7M | 0.01% |
646,398
-25,610
| -4% | -$422K |
|
|
SNR
1605
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $10.7M | 0.01% |
641,650
-21,378
| -3% | -$360K |
|
|
ARIA
1606
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $10.7M | 0.01% |
1,294,722
-200,632
| -13% | -$1.48M |
|
|
ARR
1607
Armour Residential REIT
ARR
$2.33B
| $10.7M | 0.01% |
84,116
| – | – |
|
1608
Vera Bradley
VRA
$99.2M
| $10.6M | 0.01% |
653,656
+265,111
| +68% | +$4.89M |
|
1609
Forum Energy Technologies
FET
$581M
| $10.6M | 0.01% |
27,003
| – | – |
|
|
EGL
1610
DELISTED
Engility Holdings, Inc.
EGL
| $10.6M | 0.01% |
352,313
+90,838
| +35% | +$3.63M |
|
1611
Halozyme
HALO
$9.88B
| $10.6M | 0.01% |
740,152
| – | – |
|
1612
Integer Holdings
ITGR
$3.42B
| $10.6M | 0.01% |
200,224
| – | – |
|
1613
B&G Foods
BGS
$293M
| $10.6M | 0.01% |
358,752
-27,729
| -7% | -$817K |
|
1614
Tootsie Roll Industries
TR
$2.96B
| $10.5M | 0.01% |
428,577
+17,945
| +4% | +$411K |
|
|
PINC
1615
DELISTED
Premier
PINC
| $10.5M | 0.01% |
279,411
+52,800
| +23% | +$1.84M |
|
1616
TTEC Holdings
TTEC
$125M
| $10.5M | 0.01% |
411,729
| – | – |
|
|
SNCR
1617
DELISTED
Synchronoss Technologies
SNCR
| $10.5M | 0.01% |
24,528
-8,556
| -26% | -$3.37M |
|
|
AYR
1618
DELISTED
Aircastle Ltd
AYR
| $10.5M | 0.01% |
465,838
-30,950
| -6% | -$673K |
|
1619
Renasant Corp
RNST
$3.96B
| $10.4M | 0.01% |
346,243
-10,040
| -3% | -$283K |
|
1620
Pegasystems
PEGA
$4.94B
| $10.4M | 0.01% |
954,528
-12,336
| -1% | -$127K |
|
1621
Westamerica Bancorp
WABC
$1.38B
| $10.4M | 0.01% |
240,083
-18,426
| -7% | -$804K |
|
|
PRMW
1622
DELISTED
Primo Water Corporation
PRMW
| $10.4M | 0.01% |
1,107,422
-16,227
| -1% | -$137K |
|
1623
Golar LNG
GLNG
$4.91B
| $10.3M | 0.01% |
309,028
-94,776
| -23% | -$3.04M |
|
1624
Interactive Brokers
IBKR
$40.3B
| $10.3M | 0.01% |
1,208,360
-46,980
| -4% | -$373K |
|
|
MDAS
1625
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $10.3M | 0.01% |
545,775
| – | – |
|
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.