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 | |
|---|---|---|---|---|---|---|
|
CNSL
1826
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $6.41M | ﹤0.01% |
314,245
+126,300
| +67% | +$2.91M |
|
|
ANK
1827
DELISTED
ATLANTIC TELE-NETWORK,INC
ANK
| $6.38M | ﹤0.01% |
92,124
-2,592
| -3% | -$179K |
|
|
ORIT
1828
DELISTED
Oritani Financial Corp. New
ORIT
| $6.37M | ﹤0.01% |
437,649
-36,684
| -8% | -$531K |
|
|
SD
1829
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $6.36M | ﹤0.01% |
3,572,657
-314,226
| -8% | -$528K |
|
1830
Enova International
ENVA
$6.31B
| $6.36M | ﹤0.01% |
322,736
-6,539
| -2% | -$143K |
|
|
NTK
1831
DELISTED
NORTEK INC COM NEW (DE)
NTK
| $6.34M | ﹤0.01% |
71,902
| – | – |
|
1832
SFL Corp
SFL
$1.64B
| $6.33M | ﹤0.01% |
427,580
-44,149
| -9% | -$655K |
|
|
VTLE
1833
DELISTED
Vital Energy
VTLE
| $6.31M | ﹤0.01% |
24,195
| – | – |
|
1834
Cohen & Steers
CNS
$4.19B
| $6.26M | ﹤0.01% |
152,789
-3,609
| -2% | -$154K |
|
1835
V2X
VVX
$2.72B
| $6.21M | ﹤0.01% |
243,744
-7,328
| -3% | -$212K |
|
1836
Gibraltar Industries
ROCK
$1.27B
| $6.2M | ﹤0.01% |
377,578
| – | – |
|
1837
Strategic Education
STRA
$1.92B
| $6.19M | ﹤0.01% |
115,922
| – | – |
|
|
AEGN
1838
DELISTED
Aegion Corp
AEGN
| $6.16M | ﹤0.01% |
341,222
-10,588
| -3% | -$181K |
|
|
ZU
1839
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
| $6.15M | ﹤0.01% |
+473,714
| New | +$7.85M |
|
1840
Merit Medical Systems
MMSI
$4.97B
| $6.13M | ﹤0.01% |
318,362
| – | – |
|
1841
Tredegar Corp
TG
$262M
| $6.13M | ﹤0.01% |
304,561
| – | – |
|
|
SSI
1842
DELISTED
Stage Stores Inc
SSI
| $6.12M | ﹤0.01% |
267,111
+23,400
| +10% | +$503K |
|
1843
Tompkins Financial
TMP
$1.42B
| $6.11M | ﹤0.01% |
113,536
-7,727
| -6% | -$407K |
|
1844
IAMGOLD
IAG
$8.42B
| $6.09M | ﹤0.01% |
3,268,410
-379,663
| -10% | -$934K |
|
|
EOCC
1845
DELISTED
Enel Generacion Chile S.A.
EOCC
| $6.07M | ﹤0.01% |
194,592
-11,994
| -6% | -$369K |
|
|
XCO
1846
DELISTED
Exco Resources
XCO
| $6.05M | ﹤0.01% |
220,285
+40,643
| +23% | +$1.2M |
|
1847
Liquidity Services
LQDT
$1.19B
| $6.04M | ﹤0.01% |
611,698
-13,535
| -2% | -$122K |
|
|
SUP
1848
DELISTED
Superior Industries International
SUP
| $6.03M | ﹤0.01% |
318,303
-8,050
| -2% | -$153K |
|
|
CKP
1849
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $5.99M | ﹤0.01% |
553,246
| – | – |
|
|
UHT
1850
Universal Health Realty Income Trust
UHT
$608M
| $5.93M | ﹤0.01% |
105,357
| – | – |
|
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.