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 | |
|---|---|---|---|---|---|---|
1776
Armstrong World Industries
AWI
$7.38B
| $7.43M | ﹤0.01% |
145,267
-22,070
| -13% | -$1.09M |
|
|
IPCM
1777
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $7.41M | ﹤0.01% |
161,485
| – | – |
|
1778
Boyd Gaming
BYD
$6.18B
| $7.38M | ﹤0.01% |
577,177
+91,134
| +19% | +$1.03M |
|
1779
Altisource Portfolio Solutions
ASPS
$63.6M
| $7.34M | ﹤0.01% |
27,146
+1,740
| +7% | +$899K |
|
|
HNGR
1780
DELISTED
Hanger Inc.
HNGR
| $7.34M | ﹤0.01% |
335,041
| – | – |
|
1781
Enova International
ENVA
$6.33B
| $7.33M | ﹤0.01% |
+329,275
| New | +$7.48M |
|
|
FRED
1782
DELISTED
Fred's Inc
FRED
| $7.31M | ﹤0.01% |
419,713
| – | – |
|
|
ORIT
1783
DELISTED
Oritani Financial Corp. New
ORIT
| $7.3M | ﹤0.01% |
474,333
| – | – |
|
|
AMFW
1784
DELISTED
AMEC Foster Wheeler plc
AMFW
| $7.26M | ﹤0.01% |
+561,439
| New | +$7.7M |
|
1785
Flotek Industries
FTK
$852M
| $7.21M | ﹤0.01% |
64,177
+58,344
| +1,000% | +$7.21M |
|
1786
Usana Health Sciences
USNA
$408M
| $7.21M | ﹤0.01% |
140,602
-53,956
| -28% | -$2.65M |
|
1787
Daktronics
DAKT
$955M
| $7.2M | ﹤0.01% |
575,380
+91,701
| +19% | +$1.15M |
|
|
GRP.U
1788
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $7.2M | ﹤0.01% |
202,053
+2,253
| +1% | +$79.3K |
|
|
PVG
1789
DELISTED
PRETIUM RESOURCES INC.
PVG
| $7.17M | ﹤0.01% |
1,238,296
-22,600
| -2% | -$122K |
|
1790
AMC Global Media
AMCX
$492M
| $7.17M | ﹤0.01% |
112,394
| – | – |
|
1791
Primoris Services
PRIM
$4.58B
| $7.15M | ﹤0.01% |
307,663
| – | – |
|
|
AAV
1792
DELISTED
Advantage Oil & Gas Ltd
AAV
| $7.14M | ﹤0.01% |
1,488,374
| – | – |
|
1793
Halozyme
HALO
$9.79B
| $7.14M | ﹤0.01% |
740,152
-290,855
| -28% | -$2.58M |
|
|
LHCG
1794
DELISTED
LHC Group LLC
LHCG
| $7.12M | ﹤0.01% |
228,314
+82,373
| +56% | +$2.08M |
|
|
KEG
1795
DELISTED
KEY ENERGY SERVICES INC
KEG
| $7.1M | ﹤0.01% |
4,253,822
+2,311,813
| +119% | +$3.86M |
|
|
SD
1796
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $7.07M | ﹤0.01% |
3,886,883
-220,264
| -5% | -$720K |
|
|
CJES
1797
DELISTED
C&J ENERGY SVCS LTD
CJES
| $7.06M | ﹤0.01% |
534,731
| – | – |
|
1798
Caesarstone
CSTE
$72.3M
| $7.06M | ﹤0.01% |
118,000
| – | – |
|
|
KRA
1799
DELISTED
Kraton Corporation
KRA
| $7.06M | ﹤0.01% |
339,454
+30,360
| +10% | +$558K |
|
1800
Citizens Financial Group
CFG
$30.3B
| $7.03M | ﹤0.01% |
282,899
-417,101
| -60% | -$9.94M |
|
Similar funds
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.