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 | |
|---|---|---|---|---|---|---|
1751
Enpro
NPO
$6.61B
| $7.91M | ﹤0.01% |
119,970
-11,304
| -9% | -$723K |
|
|
NAVG
1752
DELISTED
Navigators Group Inc
NAVG
| $7.9M | ﹤0.01% |
202,922
| – | – |
|
|
TFM
1753
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $7.89M | ﹤0.01% |
194,200
-150,677
| -44% | -$5.87M |
|
1754
Boyd Gaming
BYD
$6.47B
| $7.88M | ﹤0.01% |
555,068
-22,109
| -4% | -$304K |
|
1755
QuidelOrtho
QDEL
$1.13B
| $7.88M | ﹤0.01% |
292,093
+20,100
| +7% | +$513K |
|
|
ARII
1756
DELISTED
American Railcar Industries, Inc.
ARII
| $7.83M | ﹤0.01% |
157,492
-3,212
| -2% | -$167K |
|
1757
Usana Health Sciences
USNA
$409M
| $7.81M | ﹤0.01% |
140,602
| – | – |
|
1758
Granite Construction
GVA
$5.03B
| $7.81M | ﹤0.01% |
222,132
-12,634
| -5% | -$439K |
|
|
CSR
1759
Centerspace
CSR
$941M
| $7.8M | ﹤0.01% |
103,960
| – | – |
|
|
KEG
1760
DELISTED
KEY ENERGY SERVICES INC
KEG
| $7.74M | ﹤0.01% |
4,253,822
| – | – |
|
1761
B2Gold
BTG
$5.13B
| $7.73M | ﹤0.01% |
5,177,331
-321,997
| -6% | -$565K |
|
|
KERX
1762
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $7.71M | ﹤0.01% |
+605,520
| New | +$7.78M |
|
1763
UFP Industries
UFPI
$4.87B
| $7.63M | ﹤0.01% |
412,446
-12,837
| -3% | -$223K |
|
|
TBRG
1764
DELISTED
TruBridge
TBRG
| $7.62M | ﹤0.01% |
140,487
| – | – |
|
|
FNFG
1765
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $7.61M | ﹤0.01% |
861,194
+145,615
| +20% | +$1.24M |
|
|
TPC
1766
Tutor Perini Cor
TPC
$4.38B
| $7.58M | ﹤0.01% |
324,780
-8,465
| -3% | -$199K |
|
|
AAV
1767
DELISTED
Advantage Oil & Gas Ltd
AAV
| $7.54M | ﹤0.01% |
1,400,365
-88,009
| -6% | -$427K |
|
|
IPCM
1768
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $7.53M | ﹤0.01% |
161,485
| – | – |
|
|
AMFW
1769
DELISTED
AMEC Foster Wheeler plc
AMFW
| $7.5M | ﹤0.01% |
561,439
| – | – |
|
|
RAVN
1770
DELISTED
Raven Industries Inc
RAVN
| $7.49M | ﹤0.01% |
366,207
+35,100
| +11% | +$759K |
|
1771
Interface
TILE
$1.96B
| $7.48M | ﹤0.01% |
359,927
-15,999
| -4% | -$288K |
|
1772
Griffon
GFF
$4.03B
| $7.48M | ﹤0.01% |
428,937
-5,917
| -1% | -$91.1K |
|
1773
S&T Bancorp
STBA
$1.88B
| $7.45M | ﹤0.01% |
262,555
-10,039
| -4% | -$288K |
|
|
XOOM
1774
DELISTED
XOOM CORP COM
XOOM
| $7.42M | ﹤0.01% |
505,337
| – | – |
|
1775
Erie Indemnity
ERIE
$12.2B
| $7.42M | ﹤0.01% |
85,035
-123,839
| -59% | -$11M |
|
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.