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 | |
|---|---|---|---|---|---|---|
1676
HEICO Corp
HEI
$49.8B
| $9.24M | ﹤0.01% |
373,467
-43,608
| -10% | -$943K |
|
|
BECN
1677
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $9.22M | ﹤0.01% |
331,682
-43,638
| -12% | -$1.18M |
|
1678
Ciena
CIEN
$53.4B
| $9.21M | ﹤0.01% |
474,704
-249,717
| -34% | -$4.17M |
|
1679
Zurn Elkay Water Solutions
ZWS
$8.38B
| $9.2M | ﹤0.01% |
677,337
+166,313
| +33% | +$2.2M |
|
1680
Interactive Brokers
IBKR
$39.2B
| $9.15M | ﹤0.01% |
1,255,340
-164,812
| -12% | -$1.1M |
|
|
BGG
1681
DELISTED
Briggs & Stratton Corp.
BGG
| $9.07M | ﹤0.01% |
444,318
-32,554
| -7% | -$639K |
|
1682
Matrix Service
MTRX
$326M
| $9.05M | ﹤0.01% |
405,662
+94,399
| +30% | +$2.12M |
|
|
IMGN
1683
DELISTED
Immunogen Inc
IMGN
| $9.04M | ﹤0.01% |
1,481,153
+641,591
| +76% | +$5.87M |
|
|
DRIV
1684
DELISTED
DIGITAL RIVER INC.
DRIV
| $9.03M | ﹤0.01% |
365,197
| – | – |
|
1685
B2Gold
BTG
$5B
| $9.02M | ﹤0.01% |
5,499,328
+536,659
| +11% | +$975K |
|
1686
Ribbon Communications
RBBN
$377M
| $9.02M | ﹤0.01% |
454,406
+189,395
| +71% | +$3.35M |
|
1687
Integer Holdings
ITGR
$4.12B
| $9M | ﹤0.01% |
200,224
+44,706
| +29% | +$1.96M |
|
|
ENIA
1688
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $8.94M | ﹤0.01% |
1,034,475
| – | – |
|
1689
Churchill Downs
CHDN
$5.88B
| $8.93M | ﹤0.01% |
561,918
| – | – |
|
1690
Granite Construction
GVA
$5.29B
| $8.93M | ﹤0.01% |
234,766
| – | – |
|
1691
National CineMedia
NCMI
$376M
| $8.9M | ﹤0.01% |
61,915
+6,692
| +12% | +$960K |
|
1692
Astec Industries
ASTE
$1.16B
| $8.89M | ﹤0.01% |
226,042
| – | – |
|
|
XOOM
1693
DELISTED
XOOM CORP COM
XOOM
| $8.85M | ﹤0.01% |
+505,337
| New | +$8.39M |
|
1694
Harte-Hanks
HHS
$16.2M
| $8.85M | ﹤0.01% |
114,313
+63,310
| +124% | +$4.14M |
|
|
PRFT
1695
DELISTED
Perficient Inc
PRFT
| $8.84M | ﹤0.01% |
474,628
+53,900
| +13% | +$895K |
|
1696
Tootsie Roll Industries
TR
$2.93B
| $8.83M | ﹤0.01% |
410,632
| – | – |
|
1697
Oxford Industries
OXM
$566M
| $8.79M | ﹤0.01% |
159,279
| – | – |
|
|
CLVS
1698
DELISTED
Clovis Oncology, Inc.
CLVS
| $8.78M | ﹤0.01% |
156,861
+49,110
| +46% | +$2.58M |
|
1699
Century Aluminum
CENX
$4.43B
| $8.78M | ﹤0.01% |
359,719
| – | – |
|
1700
Aaon
AAON
$7.3B
| $8.76M | ﹤0.01% |
587,027
| – | – |
|
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.