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 | |
|---|---|---|---|---|---|---|
|
AVTA
1651
DELISTED
Avantax, Inc. Common Stock
AVTA
| $9.74M | ﹤0.01% |
713,201
+215,800
| +43% | +$3.01M |
|
1652
Crocs
CROX
$6.14B
| $9.73M | ﹤0.01% |
824,210
-70,340
| -8% | -$788K |
|
|
QLGC
1653
DELISTED
QLOGIC CORP
QLGC
| $9.73M | ﹤0.01% |
660,312
-117,128
| -15% | -$1.65M |
|
1654
Expro Ltd
XPRO
$1.71B
| $9.71M | ﹤0.01% |
86,572
| – | – |
|
1655
Scholastic
SCHL
$789M
| $9.7M | ﹤0.01% |
236,843
-147,830
| -38% | -$5.47M |
|
1656
Virtus Investment Partners
VRTS
$1.09B
| $9.68M | ﹤0.01% |
74,024
-2,661
| -3% | -$376K |
|
1657
Oxford Industries
OXM
$571M
| $9.64M | ﹤0.01% |
127,823
-31,456
| -20% | -$1.77M |
|
1658
First Bancorp
FBP
$4.4B
| $9.6M | ﹤0.01% |
1,548,773
-66,580
| -4% | -$404K |
|
1659
Canadian Solar
CSIQ
$1B
| $9.6M | ﹤0.01% |
287,407
| – | – |
|
1660
WesBanco
WSBC
$3.99B
| $9.59M | ﹤0.01% |
294,305
+9,715
| +3% | +$316K |
|
|
RCPT
1661
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $9.59M | ﹤0.01% |
+58,126
| New | +$7.36M |
|
1662
American Homes 4 Rent
AMH
$11.9B
| $9.55M | ﹤0.01% |
577,204
| – | – |
|
1663
HUB Group
HUBG
$2.78B
| $9.53M | ﹤0.01% |
485,054
-55,750
| -10% | -$1.05M |
|
1664
DXP Enterprises
DXPE
$2.4B
| $9.51M | ﹤0.01% |
215,751
| – | – |
|
1665
First Financial Bancorp
FFBC
$3.55B
| $9.5M | ﹤0.01% |
533,509
-30,207
| -5% | -$526K |
|
|
IRC
1666
DELISTED
INLAND REAL ESTATE CORP
IRC
| $9.49M | ﹤0.01% |
887,866
| – | – |
|
|
SPTN
1667
DELISTED
SpartanNash
SPTN
| $9.47M | ﹤0.01% |
300,203
-9,315
| -3% | -$251K |
|
1668
Independent Bank
INDB
$4.02B
| $9.45M | ﹤0.01% |
215,383
-24,437
| -10% | -$1.01M |
|
1669
Gentherm
THRM
$1.3B
| $9.4M | ﹤0.01% |
186,210
| – | – |
|
|
HRG
1670
DELISTED
HRG Group, Inc.
HRG
| $9.4M | ﹤0.01% |
753,185
-39,600
| -5% | -$500K |
|
1671
Powell Industries
POWL
$7.63B
| $9.39M | ﹤0.01% |
833,841
| – | – |
|
1672
Artisan Partners
APAM
$2.82B
| $9.37M | ﹤0.01% |
206,030
| – | – |
|
1673
HEICO Corp
HEI
$49.5B
| $9.34M | ﹤0.01% |
373,467
| – | – |
|
|
JBTM
1674
JBT Marel
JBTM
$7.31B
| $9.32M | ﹤0.01% |
261,021
-20,603
| -7% | -$680K |
|
|
BECN
1675
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $9.31M | ﹤0.01% |
297,614
-34,068
| -10% | -$934K |
|
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.