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 | |
|---|---|---|---|---|---|---|
|
CRAY
1726
DELISTED
Cray, Inc.
CRAY
| $8.28M | ﹤0.01% |
294,816
-5,437
| -2% | -$172K |
|
|
ELX
1727
DELISTED
EMULEX CORP
ELX
| $8.23M | ﹤0.01% |
1,032,282
-142,208
| -12% | -$997K |
|
1728
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $8.19M | ﹤0.01% |
184,155
-10,631
| -5% | -$427K |
|
|
MCRL
1729
DELISTED
MICREL INC
MCRL
| $8.18M | ﹤0.01% |
542,383
-17,790
| -3% | -$260K |
|
1730
BJ's Restaurants
BJRI
$1.56B
| $8.17M | ﹤0.01% |
161,915
-11,961
| -7% | -$589K |
|
|
JE
1731
DELISTED
Just Energy Group Inc
JE
| $8.16M | ﹤0.01% |
52,873
+4,065
| +8% | +$676K |
|
|
BFS
1732
Saul Centers
BFS
$850M
| $8.15M | ﹤0.01% |
142,503
| – | – |
|
1733
PTC Therapeutics
PTCT
$6.26B
| $8.15M | ﹤0.01% |
+133,884
| New | +$8.17M |
|
|
GHL
1734
DELISTED
Greenhill & Co., Inc.
GHL
| $8.12M | ﹤0.01% |
204,878
-12,467
| -6% | -$487K |
|
1735
Bankunited
BKU
$3.33B
| $8.11M | ﹤0.01% |
247,745
-37,423
| -13% | -$1.15M |
|
|
BRKL
1736
DELISTED
Brookline Bancorp
BRKL
| $8.1M | ﹤0.01% |
806,223
| – | – |
|
|
EPZM
1737
DELISTED
Epizyme, Inc
EPZM
| $8.1M | ﹤0.01% |
431,395
+100,171
| +30% | +$2.07M |
|
|
TCF
1738
DELISTED
TCF Financial Corporation Common Stock
TCF
| $8.09M | ﹤0.01% |
257,850
-16,235
| -6% | -$487K |
|
|
AMED
1739
DELISTED
Amedisys
AMED
| $8.07M | ﹤0.01% |
301,413
-14,912
| -5% | -$421K |
|
|
HEES
1740
DELISTED
H&E Equipment Services
HEES
| $8.06M | ﹤0.01% |
322,450
-34,985
| -10% | -$787K |
|
|
WBMD
1741
DELISTED
WebMD Health Corp.
WBMD
| $8.06M | ﹤0.01% |
183,801
+21,275
| +13% | +$884K |
|
|
VRTV
1742
DELISTED
VERITIV CORPORATION
VRTV
| $8.05M | ﹤0.01% |
182,442
+30,113
| +20% | +$1.5M |
|
1743
Comfort Systems
FIX
$59.8B
| $8.05M | ﹤0.01% |
382,434
| – | – |
|
|
OUTR
1744
DELISTED
OUTERWALL INC
OUTR
| $8.04M | ﹤0.01% |
121,573
-81,375
| -40% | -$5.44M |
|
1745
Dorman Products
DORM
$3.98B
| $8.01M | ﹤0.01% |
161,055
-132,874
| -45% | -$6.26M |
|
|
ANH
1746
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $8.01M | ﹤0.01% |
1,573,434
-83,870
| -5% | -$436K |
|
1747
First Financial Corp
THFF
$961M
| $8.01M | ﹤0.01% |
223,062
| – | – |
|
|
ARNA
1748
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $7.92M | ﹤0.01% |
181,258
-11,820
| -6% | -$549K |
|
|
AY
1749
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $7.92M | ﹤0.01% |
234,323
+140,000
| +148% | +$4.56M |
|
|
BBOX
1750
DELISTED
Black Box Corp
BBOX
| $7.92M | ﹤0.01% |
378,178
+90,400
| +31% | +$1.97M |
|
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.