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 | |
|---|---|---|---|---|---|---|
1676
Materion
MTRN
$4.33B
| $9.29M | ﹤0.01% |
241,655
| – | – |
|
1677
Greenlight Captial
GLRE
$552M
| $9.24M | ﹤0.01% |
290,489
-21,386
| -7% | -$687K |
|
|
CTLT
1678
DELISTED
CATALENT, INC.
CTLT
| $9.23M | ﹤0.01% |
+296,392
| New | +$8.54M |
|
|
PEGI
1679
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $9.23M | ﹤0.01% |
+326,000
| New | +$9.14M |
|
1680
Harmonic Inc
HLIT
$1.22B
| $9.22M | ﹤0.01% |
1,244,757
| – | – |
|
1681
CorVel
CRVL
$3.03B
| $9.21M | ﹤0.01% |
803,268
+132,564
| +20% | +$1.55M |
|
1682
Orthofix Medical
OFIX
$477M
| $9.19M | ﹤0.01% |
256,049
| – | – |
|
|
SASR
1683
DELISTED
Sandy Spring Bancorp Inc
SASR
| $9.18M | ﹤0.01% |
350,102
-12,644
| -3% | -$324K |
|
|
TRAK
1684
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $9.12M | ﹤0.01% |
236,697
-27,589
| -10% | -$1.12M |
|
|
PDLI
1685
DELISTED
PDL BioPharma, Inc.
PDLI
| $9.12M | ﹤0.01% |
1,295,717
-115,413
| -8% | -$836K |
|
|
CPLA
1686
DELISTED
Capella Education Company
CPLA
| $9.1M | ﹤0.01% |
140,306
| – | – |
|
1687
Aaon
AAON
$7.17B
| $9.05M | ﹤0.01% |
553,149
-33,878
| -6% | -$511K |
|
1688
United Fire Group
UFCS
$1.34B
| $9.05M | ﹤0.01% |
284,749
| – | – |
|
1689
Cleveland-Cliffs
CLF
$6.64B
| $9.01M | ﹤0.01% |
1,872,116
| – | – |
|
|
CZZ
1690
DELISTED
Cosan Limited
CZZ
| $9.01M | ﹤0.01% |
1,422,666
| – | – |
|
1691
American Public Education
APEI
$910M
| $8.99M | ﹤0.01% |
300,000
| – | – |
|
|
BGG
1692
DELISTED
Briggs & Stratton Corp.
BGG
| $8.97M | ﹤0.01% |
436,663
-7,655
| -2% | -$151K |
|
1693
National CineMedia
NCMI
$375M
| $8.93M | ﹤0.01% |
59,151
-2,764
| -4% | -$412K |
|
1694
Harte-Hanks
HHS
$16.8M
| $8.92M | ﹤0.01% |
114,313
| – | – |
|
1695
Tronox
TROX
$999M
| $8.9M | ﹤0.01% |
437,756
-91,350
| -17% | -$1.94M |
|
|
BOBE
1696
DELISTED
Bob Evans Farms, Inc.
BOBE
| $8.87M | ﹤0.01% |
191,683
-20,676
| -10% | -$1.1M |
|
|
SIR
1697
DELISTED
SELECT INCOME REIT
SIR
| $8.86M | ﹤0.01% |
806,435
+108,297
| +16% | +$1.19M |
|
1698
SouthState Bank Corp
SSB
$10.2B
| $8.84M | ﹤0.01% |
129,212
| – | – |
|
|
AVX
1699
DELISTED
AVX Corporation
AVX
| $8.83M | ﹤0.01% |
618,595
| – | – |
|
1700
Astec Industries
ASTE
$1.18B
| $8.82M | ﹤0.01% |
205,744
-20,298
| -9% | -$802K |
|
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.