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 | |
|---|---|---|---|---|---|---|
1801
Badger Meter
BMI
$3.78B
| $6.93M | ﹤0.01% |
231,160
-20,902
| -8% | -$610K |
|
1802
Ituran Location and Control
ITRN
$1.1B
| $6.93M | ﹤0.01% |
313,816
| – | – |
|
1803
Standard BioTools
LAB
$351M
| $6.91M | ﹤0.01% |
164,219
+12,353
| +8% | +$488K |
|
1804
Weis Markets
WMK
$1.92B
| $6.88M | ﹤0.01% |
138,187
| – | – |
|
|
BGC
1805
DELISTED
General Cable Corporation
BGC
| $6.86M | ﹤0.01% |
398,035
-21,796
| -5% | -$308K |
|
1806
Neurocrine Biosciences
NBIX
$18.7B
| $6.82M | ﹤0.01% |
+171,835
| New | +$6.15M |
|
|
CBB
1807
DELISTED
Cincinnati Bell Inc.
CBB
| $6.82M | ﹤0.01% |
386,354
| – | – |
|
|
KRA
1808
DELISTED
Kraton Corporation
KRA
| $6.81M | ﹤0.01% |
336,895
-2,559
| -0.8% | -$50.6K |
|
1809
Daktronics
DAKT
$941M
| $6.8M | ﹤0.01% |
629,080
+53,700
| +9% | +$623K |
|
1810
Shenandoah Telecom
SHEN
$631M
| $6.79M | ﹤0.01% |
436,042
| – | – |
|
|
BSFT
1811
DELISTED
BroadSoft, Inc.
BSFT
| $6.71M | ﹤0.01% |
200,547
-15,594
| -7% | -$468K |
|
|
HNGR
1812
DELISTED
Hanger Inc.
HNGR
| $6.69M | ﹤0.01% |
294,708
-40,333
| -12% | -$946K |
|
1813
TriNet
TNET
$3.29B
| $6.66M | ﹤0.01% |
+189,000
| New | +$6.51M |
|
1814
PLDT
PHI
$4.26B
| $6.64M | ﹤0.01% |
106,293
| – | – |
|
|
ISCA
1815
DELISTED
International Speedway Corp
ISCA
| $6.63M | ﹤0.01% |
203,269
-9,409
| -4% | -$293K |
|
1816
Warner Bros
WBD
$63.9B
| $6.61M | ﹤0.01% |
214,729
+101,179
| +89% | +$3.17M |
|
|
DEL
1817
DELISTED
Deltic Timber
DEL
| $6.6M | ﹤0.01% |
99,656
| – | – |
|
|
FDML
1818
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $6.54M | ﹤0.01% |
491,583
-20,650
| -4% | -$287K |
|
1819
Civeo
CVEO
$350M
| $6.54M | ﹤0.01% |
214,488
-8,280
| -4% | -$324K |
|
1820
Ennis
EBF
$548M
| $6.53M | ﹤0.01% |
462,443
| – | – |
|
|
MDR
1821
DELISTED
McDermott International
MDR
| $6.52M | ﹤0.01% |
565,690
-22,203
| -4% | -$190K |
|
1822
Matrix Service
MTRX
$320M
| $6.49M | ﹤0.01% |
369,662
-36,000
| -9% | -$678K |
|
|
RSTI
1823
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $6.46M | ﹤0.01% |
266,741
-9,416
| -3% | -$237K |
|
|
CDR
1824
DELISTED
Cedar Realty Trust, Inc
CDR
| $6.45M | ﹤0.01% |
130,476
+35,571
| +37% | +$1.79M |
|
|
AXON
1825
Axon Enterprise
AXON
$42.3B
| $6.44M | ﹤0.01% |
266,980
-219,564
| -45% | -$5.58M |
|
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.