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 | |
|---|---|---|---|---|---|---|
|
WIRE
1801
DELISTED
Encore Wire Corp
WIRE
| $7.03M | ﹤0.01% |
188,411
| – | – |
|
1802
STAG Industrial
STAG
$7.38B
| $7.02M | ﹤0.01% |
+286,700
| New | +$6.76M |
|
|
CRR
1803
DELISTED
Carbo Ceramics Inc.
CRR
| $7M | ﹤0.01% |
174,755
| – | – |
|
1804
Canadian Solar
CSIQ
$1.02B
| $6.95M | ﹤0.01% |
287,407
| – | – |
|
1805
Ituran Location and Control
ITRN
$1.09B
| $6.93M | ﹤0.01% |
313,816
| – | – |
|
|
AVTA
1806
DELISTED
Avantax, Inc. Common Stock
AVTA
| $6.89M | ﹤0.01% |
497,401
+122,627
| +33% | +$1.8M |
|
1807
V2X
VVX
$2.83B
| $6.88M | ﹤0.01% |
251,072
+97,884
| +64% | +$2.48M |
|
|
BBOX
1808
DELISTED
Black Box Corp
BBOX
| $6.88M | ﹤0.01% |
287,778
+113,576
| +65% | +$2.62M |
|
|
EPAY
1809
DELISTED
Bottomline Technologies Inc
EPAY
| $6.88M | ﹤0.01% |
272,017
| – | – |
|
|
REXX
1810
DELISTED
Rex Energy Corporation
REXX
| $6.86M | ﹤0.01% |
134,556
+85,235
| +173% | +$6.54M |
|
1811
Tredegar Corp
TG
$265M
| $6.85M | ﹤0.01% |
304,561
+54,604
| +22% | +$1.03M |
|
1812
Gentherm
THRM
$1.25B
| $6.82M | ﹤0.01% |
+186,210
| New | +$7.28M |
|
|
DEL
1813
DELISTED
Deltic Timber
DEL
| $6.82M | ﹤0.01% |
99,656
| – | – |
|
1814
Shenandoah Telecom
SHEN
$664M
| $6.81M | ﹤0.01% |
436,042
| – | – |
|
|
ISCA
1815
DELISTED
International Speedway Corp
ISCA
| $6.73M | ﹤0.01% |
212,678
| – | – |
|
1816
PLDT
PHI
$4.25B
| $6.73M | ﹤0.01% |
106,293
| – | – |
|
|
RDUS
1817
DELISTED
Radius Recycling
RDUS
| $6.71M | ﹤0.01% |
297,643
+175,300
| +143% | +$4.03M |
|
|
CIVI
1818
DELISTED
Civitas Resources
CIVI
| $6.71M | ﹤0.01% |
2,506
+713
| +40% | +$2.76M |
|
1819
Tompkins Financial
TMP
$1.43B
| $6.71M | ﹤0.01% |
121,263
| – | – |
|
|
TGH
1820
DELISTED
Textainer Group Holdings limited
TGH
| $6.7M | ﹤0.01% |
195,309
-40,135
| -17% | -$1.35M |
|
|
ARNA
1821
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $6.7M | ﹤0.01% |
193,078
| – | – |
|
1822
SFL Corp
SFL
$1.64B
| $6.66M | ﹤0.01% |
471,729
-121,916
| -21% | -$1.95M |
|
|
ELX
1823
DELISTED
EMULEX CORP
ELX
| $6.66M | ﹤0.01% |
1,174,490
+150,000
| +15% | +$808K |
|
|
KKD
1824
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $6.64M | ﹤0.01% |
336,384
+8,207
| +3% | +$155K |
|
1825
Bright Horizons
BFAM
$3.92B
| $6.64M | ﹤0.01% |
141,218
| – | – |
|
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.