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 | |
|---|---|---|---|---|---|---|
|
RAVN
1726
DELISTED
Raven Industries Inc
RAVN
| $8.28M | ﹤0.01% |
331,107
+10,100
| +3% | +$245K |
|
|
ARII
1727
DELISTED
American Railcar Industries, Inc.
ARII
| $8.28M | ﹤0.01% |
160,704
+21,853
| +16% | +$1.34M |
|
1728
Bankunited
BKU
$3.37B
| $8.26M | ﹤0.01% |
285,168
-34,892
| -11% | -$1.03M |
|
|
FDML
1729
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $8.24M | ﹤0.01% |
512,233
| – | – |
|
1730
Enpro
NPO
$6.63B
| $8.24M | ﹤0.01% |
131,274
| – | – |
|
1731
Diodes
DIOD
$3.78B
| $8.23M | ﹤0.01% |
298,436
-23,641
| -7% | -$599K |
|
1732
McGrath RentCorp
MGRC
$2.81B
| $8.21M | ﹤0.01% |
228,954
-1,963
| -0.9% | -$69.9K |
|
|
CUB
1733
DELISTED
Cubic Corporation
CUB
| $8.2M | ﹤0.01% |
155,753
| – | – |
|
|
PMC
1734
DELISTED
PharMerica Corporation
PMC
| $8.17M | ﹤0.01% |
394,521
+83,096
| +27% | +$1.97M |
|
|
RTI
1735
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $8.15M | ﹤0.01% |
322,752
+47,830
| +17% | +$1.12M |
|
|
BFS
1736
Saul Centers
BFS
$836M
| $8.15M | ﹤0.01% |
142,503
| – | – |
|
|
MCRL
1737
DELISTED
MICREL INC
MCRL
| $8.13M | ﹤0.01% |
560,173
| – | – |
|
1738
S&T Bancorp
STBA
$1.84B
| $8.13M | ﹤0.01% |
272,594
| – | – |
|
|
PGI
1739
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $8.12M | ﹤0.01% |
764,833
+314,435
| +70% | +$3.42M |
|
1740
ESCO Technologies
ESE
$8.17B
| $8.1M | ﹤0.01% |
219,528
| – | – |
|
|
SPTN
1741
DELISTED
SpartanNash
SPTN
| $8.09M | ﹤0.01% |
309,518
+78,371
| +34% | +$1.81M |
|
|
BRKL
1742
DELISTED
Brookline Bancorp
BRKL
| $8.09M | ﹤0.01% |
806,223
+157,700
| +24% | +$1.49M |
|
1743
Team
TISI
$79.5M
| $8.08M | ﹤0.01% |
19,970
| – | – |
|
1744
Modine Manufacturing
MOD
$10.7B
| $8.06M | ﹤0.01% |
593,000
+87,719
| +17% | +$1.1M |
|
|
TPC
1745
Tutor Perini Cor
TPC
$4.41B
| $8.02M | ﹤0.01% |
333,245
| – | – |
|
1746
Accuray
ARAY
$32M
| $8.02M | ﹤0.01% |
1,062,339
+729,790
| +219% | +$5.15M |
|
|
INFN
1747
DELISTED
Infinera Corporation Common Stock
INFN
| $7.98M | ﹤0.01% |
541,995
-98,135
| -15% | -$1.3M |
|
|
WEB
1748
DELISTED
Web.com Group, Inc.
WEB
| $7.97M | ﹤0.01% |
419,595
+213,298
| +103% | +$3.89M |
|
1749
Kelly Services Class A
KELYA
$514M
| $7.95M | ﹤0.01% |
467,152
+22,425
| +5% | +$362K |
|
1750
First Financial Corp
THFF
$958M
| $7.95M | ﹤0.01% |
223,062
+120,705
| +118% | +$4.05M |
|
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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.