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 | |
|---|---|---|---|---|---|---|
1626
Columbia Banking Systems
COLB
$8.84B
| $10.3M | 0.01% |
353,960
-13,707
| -4% | -$376K |
|
1627
Hudbay
HBM
$10.1B
| $10.2M | 0.01% |
1,249,877
-23,808
| -2% | -$189K |
|
|
ICON
1628
DELISTED
Iconix Brand Group, Inc.
ICON
| $10.2M | 0.01% |
30,350
-2,330
| -7% | -$801K |
|
|
ALOG
1629
DELISTED
Analogic Corp
ALOG
| $10.2M | 0.01% |
112,248
| – | – |
|
1630
Northwest Bancshares
NWBI
$2.3B
| $10.2M | 0.01% |
859,706
| – | – |
|
1631
Scorpio Tankers
STNG
$3.76B
| $10.1M | 0.01% |
107,633
-8,690
| -7% | -$757K |
|
1632
Otter Tail
OTTR
$3.75B
| $10.1M | 0.01% |
315,096
-18,968
| -6% | -$604K |
|
|
GTLS
1633
DELISTED
Chart Industries
GTLS
| $10.1M | 0.01% |
288,899
+7,909
| +3% | +$254K |
|
1634
IMAX
IMAX
$2.61B
| $10.1M | 0.01% |
300,502
-215,957
| -42% | -$7.18M |
|
1635
Abercrombie & Fitch
ANF
$4.45B
| $10.1M | 0.01% |
459,567
-201,896
| -31% | -$4.98M |
|
1636
Provident Financial Services
PFS
$3.24B
| $10.1M | ﹤0.01% |
540,070
-20,176
| -4% | -$365K |
|
|
NPKI
1637
NPK International
NPKI
$1.06B
| $10.1M | ﹤0.01% |
1,105,051
| – | – |
|
1638
Brink's
BCO
$4.84B
| $10M | ﹤0.01% |
363,071
-145,158
| -29% | -$3.73M |
|
|
VSI
1639
DELISTED
Vitamin Shoppe Inc.
VSI
| $10M | ﹤0.01% |
243,281
-15,665
| -6% | -$662K |
|
1640
Churchill Downs
CHDN
$5.76B
| $10M | ﹤0.01% |
522,840
-39,078
| -7% | -$670K |
|
1641
Tenaris
TS
$28.6B
| $10M | ﹤0.01% |
357,005
| – | – |
|
1642
Lindsay Corp
LNN
$1.12B
| $9.96M | ﹤0.01% |
130,654
-44,984
| -26% | -$3.78M |
|
1643
Matador Resources
MTDR
$6B
| $9.95M | ﹤0.01% |
453,878
-32,556
| -7% | -$702K |
|
1644
Chord Energy
CHRD
$7.78B
| $9.93M | ﹤0.01% |
697,940
+46,940
| +7% | +$689K |
|
1645
City Holding Co
CHCO
$2.04B
| $9.92M | ﹤0.01% |
210,958
-8,078
| -4% | -$366K |
|
|
ALX
1646
Alexander's
ALX
$1.36B
| $9.9M | ﹤0.01% |
21,679
| – | – |
|
1647
Accuray
ARAY
$34M
| $9.88M | ﹤0.01% |
1,062,339
| – | – |
|
1648
Gran Tierra Energy
GTE
$237M
| $9.88M | ﹤0.01% |
361,739
-18,649
| -5% | -$505K |
|
|
SAFE
1649
Safehold
SAFE
$1.13B
| $9.8M | ﹤0.01% |
154,864
+1,726
| +1% | +$111K |
|
1650
Ethan Allen Interiors
ETD
$583M
| $9.75M | ﹤0.01% |
352,864
+30,000
| +9% | +$854K |
|
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.