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 | |
|---|---|---|---|---|---|---|
1701
World Acceptance Corp
WRLD
$877M
| $8.8M | ﹤0.01% |
120,722
+91
| +0.1% | +$7.34K |
|
|
WAIR
1702
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $8.78M | ﹤0.01% |
572,924
+242,000
| +73% | +$3.47M |
|
1703
Nelnet
NNI
$4.97B
| $8.77M | ﹤0.01% |
185,233
| – | – |
|
|
WEB
1704
DELISTED
Web.com Group, Inc.
WEB
| $8.76M | ﹤0.01% |
462,395
+42,800
| +10% | +$742K |
|
|
ITG
1705
DELISTED
Investment Technology Group Inc
ITG
| $8.7M | ﹤0.01% |
286,991
-13,269
| -4% | -$305K |
|
|
LHCG
1706
DELISTED
LHC Group LLC
LHCG
| $8.7M | ﹤0.01% |
263,269
+34,955
| +15% | +$1.09M |
|
1707
Nexstar Media Group
NXST
$5.88B
| $8.67M | ﹤0.01% |
151,543
| – | – |
|
1708
Five Below
FIVE
$12B
| $8.67M | ﹤0.01% |
243,687
-33,061
| -12% | -$1.1M |
|
1709
Albany International
AIN
$2.13B
| $8.66M | ﹤0.01% |
217,991
| – | – |
|
|
FRGI
1710
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $8.66M | ﹤0.01% |
142,025
| – | – |
|
|
CRR
1711
DELISTED
Carbo Ceramics Inc.
CRR
| $8.58M | ﹤0.01% |
281,122
+106,367
| +61% | +$3.73M |
|
1712
ESCO Technologies
ESE
$8.24B
| $8.56M | ﹤0.01% |
219,528
| – | – |
|
1713
Cogent Communications
CCOI
$663M
| $8.54M | ﹤0.01% |
241,625
-105,460
| -30% | -$3.86M |
|
|
RP
1714
DELISTED
RealPage, Inc.
RP
| $8.49M | ﹤0.01% |
421,688
+38,182
| +10% | +$755K |
|
|
MTOR
1715
DELISTED
MERITOR, Inc.
MTOR
| $8.44M | ﹤0.01% |
669,373
| – | – |
|
|
KKD
1716
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $8.44M | ﹤0.01% |
421,984
+85,600
| +25% | +$1.74M |
|
|
HAYN
1717
DELISTED
Haynes International, Inc.
HAYN
| $8.42M | ﹤0.01% |
188,820
+34,500
| +22% | +$1.44M |
|
|
AVIV
1718
DELISTED
AVIV REIT INC COM STK (MD)
AVIV
| $8.42M | ﹤0.01% |
+230,700
| New | +$8.55M |
|
|
PGI
1719
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $8.37M | ﹤0.01% |
875,591
+110,758
| +14% | +$1.06M |
|
1720
Ciena
CIEN
$55.3B
| $8.37M | ﹤0.01% |
433,472
-41,232
| -9% | -$822K |
|
|
LORL
1721
DELISTED
Loral Space and Communications, Inc.
LORL
| $8.37M | ﹤0.01% |
122,276
-1,999
| -2% | -$144K |
|
1722
Sonic Automotive
SAH
$2.76B
| $8.35M | ﹤0.01% |
335,300
-9,353
| -3% | -$236K |
|
1723
Bright Horizons
BFAM
$4.01B
| $8.33M | ﹤0.01% |
162,402
+21,184
| +15% | +$1.05M |
|
|
IPCC
1724
DELISTED
Infinity Property & Casualty C
IPCC
| $8.31M | ﹤0.01% |
101,316
-5,893
| -5% | -$450K |
|
|
AAWW
1725
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $8.3M | ﹤0.01% |
192,838
-1,890
| -1% | -$88.2K |
|
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.