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 | |
|---|---|---|---|---|---|---|
1626
HUB Group
HUBG
$2.85B
| $10.3M | 0.01% |
540,804
-154,248
| -22% | -$2.87M |
|
|
ARIA
1627
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $10.3M | 0.01% |
1,495,354
-627,761
| -30% | -$3.93M |
|
1628
Independent Bank
INDB
$3.99B
| $10.3M | 0.01% |
239,820
| – | – |
|
1629
Credit Acceptance
CACC
$5.95B
| $10.3M | 0.01% |
75,142
-12,372
| -14% | -$1.75M |
|
|
SHLD
1630
DELISTED
Sears Holding Corporation
SHLD
| $10.2M | 0.01% |
309,149
-18,930
| -6% | -$621K |
|
1631
City Holding Co
CHCO
$2.05B
| $10.2M | 0.01% |
219,036
+46,552
| +27% | +$2.06M |
|
|
PDCE
1632
DELISTED
PDC Energy, Inc.
PDCE
| $10.2M | 0.01% |
246,949
-25,304
| -9% | -$1.02M |
|
1633
Greenlight Captial
GLRE
$552M
| $10.2M | 0.01% |
311,875
+31,182
| +11% | +$1M |
|
|
SAFE
1634
Safehold
SAFE
$1.16B
| $10.2M | 0.01% |
153,138
-16,025
| -9% | -$1.07M |
|
1635
Columbia Banking Systems
COLB
$8.84B
| $10.2M | 0.01% |
367,667
-28,250
| -7% | -$760K |
|
|
MTOR
1636
DELISTED
MERITOR, Inc.
MTOR
| $10.1M | 0.01% |
669,373
| – | – |
|
1637
Provident Financial Services
PFS
$3.22B
| $10.1M | 0.01% |
560,246
| – | – |
|
1638
Scorpio Tankers
STNG
$3.9B
| $10.1M | 0.01% |
116,323
-25,827
| -18% | -$2.14M |
|
|
PHH
1639
DELISTED
PHH Corporation
PHH
| $10.1M | 0.01% |
421,386
-131,723
| -24% | -$3.06M |
|
|
LOGM
1640
DELISTED
LogMein, Inc.
LOGM
| $10.1M | 0.01% |
204,390
+33,384
| +20% | +$1.6M |
|
|
VIVO
1641
DELISTED
Meridian Bioscience Inc
VIVO
| $10.1M | 0.01% |
612,452
+20,721
| +4% | +$355K |
|
|
HEES
1642
DELISTED
H&E Equipment Services
HEES
| $10M | 0.01% |
357,435
| – | – |
|
1643
Pegasystems
PEGA
$5.02B
| $10M | 0.01% |
966,864
+104,932
| +12% | +$1.07M |
|
1644
Ethan Allen Interiors
ETD
$570M
| $10M | 0.01% |
322,864
| – | – |
|
1645
Dycom Industries
DY
$12B
| $10M | 0.01% |
284,898
-49,231
| -15% | -$1.47M |
|
|
FNFV
1646
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $9.96M | 0.01% |
830,429
| – | – |
|
1647
WesBanco
WSBC
$3.97B
| $9.9M | 0.01% |
284,590
| – | – |
|
1648
IAMGOLD
IAG
$8.2B
| $9.89M | 0.01% |
3,648,073
-42,357
| -1% | -$98K |
|
1649
Meritage Homes
MTH
$4.58B
| $9.86M | 0.01% |
548,184
-108,992
| -17% | -$1.99M |
|
1650
Matador Resources
MTDR
$6.2B
| $9.84M | 0.01% |
486,434
| – | – |
|
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.