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 | |
|---|---|---|---|---|---|---|
|
ENV
1651
DELISTED
ENVESTNET, INC.
ENV
| $9.84M | 0.01% |
200,240
+126,040
| +170% | +$5.92M |
|
1652
American Homes 4 Rent
AMH
$12B
| $9.83M | 0.01% |
577,204
| – | – |
|
|
LORL
1653
DELISTED
Loral Space and Communications, Inc.
LORL
| $9.78M | 0.01% |
124,275
-23,106
| -16% | -$1.74M |
|
|
ENOC
1654
DELISTED
EnerNOC, Inc.
ENOC
| $9.77M | 0.01% |
632,218
+227,112
| +56% | +$3.39M |
|
1655
Innoviva
INVA
$1.55B
| $9.77M | 0.01% |
690,224
| – | – |
|
1656
TTEC Holdings
TTEC
$121M
| $9.75M | 0.01% |
411,729
+29,250
| +8% | +$701K |
|
|
IRC
1657
DELISTED
INLAND REAL ESTATE CORP
IRC
| $9.72M | ﹤0.01% |
887,866
| – | – |
|
|
ILG
1658
DELISTED
ILG, Inc Common Stock
ILG
| $9.71M | ﹤0.01% |
464,800
+48,213
| +12% | +$1.02M |
|
|
MANT
1659
DELISTED
Mantech International Corp
MANT
| $9.7M | ﹤0.01% |
320,895
+37,133
| +13% | +$1.07M |
|
|
CSH
1660
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $9.67M | ﹤0.01% |
427,409
-365,731
| -46% | -$7.97M |
|
|
GTLS
1661
DELISTED
Chart Industries
GTLS
| $9.61M | ﹤0.01% |
280,990
+22,334
| +9% | +$933K |
|
|
AAWW
1662
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $9.6M | ﹤0.01% |
194,728
| – | – |
|
1663
World Acceptance Corp
WRLD
$838M
| $9.58M | ﹤0.01% |
120,631
+800
| +0.7% | +$59K |
|
1664
Employers Holdings
EIG
$908M
| $9.58M | ﹤0.01% |
407,531
+60,719
| +18% | +$1.26M |
|
|
ALOG
1665
DELISTED
Analogic Corp
ALOG
| $9.5M | ﹤0.01% |
112,248
| – | – |
|
|
BEL
1666
DELISTED
Belmond Ltd.
BEL
| $9.5M | ﹤0.01% |
767,699
-44,188
| -5% | -$504K |
|
1667
First Bancorp
FBP
$4.42B
| $9.48M | ﹤0.01% |
1,615,353
+491,783
| +44% | +$2.55M |
|
|
ALX
1668
Alexander's
ALX
$1.3B
| $9.48M | ﹤0.01% |
21,679
+3,192
| +17% | +$1.32M |
|
|
GHL
1669
DELISTED
Greenhill & Co., Inc.
GHL
| $9.48M | ﹤0.01% |
217,345
| – | – |
|
|
CSOD
1670
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $9.47M | ﹤0.01% |
269,032
-58,284
| -18% | -$1.93M |
|
|
SASR
1671
DELISTED
Sandy Spring Bancorp Inc
SASR
| $9.46M | ﹤0.01% |
362,746
| – | – |
|
|
SGY
1672
DELISTED
Stone Energy
SGY
| $9.34M | ﹤0.01% |
9,739
| – | – |
|
1673
Sonic Automotive
SAH
$2.9B
| $9.32M | ﹤0.01% |
344,653
-28,824
| -8% | -$728K |
|
|
AMED
1674
DELISTED
Amedisys
AMED
| $9.28M | ﹤0.01% |
316,325
| – | – |
|
|
JBTM
1675
JBT Marel
JBTM
$7.21B
| $9.25M | ﹤0.01% |
281,624
+37,853
| +16% | +$1.16M |
|
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.