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 | |
|---|---|---|---|---|---|---|
1851
Biglari Holdings Class B
BH
$1.25B
| $5.92M | ﹤0.01% |
21,462
-713
| -3% | -$200K |
|
1852
Team
TISI
$79.8M
| $5.88M | ﹤0.01% |
15,088
-4,882
| -24% | -$1.87M |
|
1853
JD.com
JD
$43.6B
| $5.88M | ﹤0.01% |
200,000
| – | – |
|
1854
National Healthcare
NHC
$3.58B
| $5.84M | ﹤0.01% |
91,724
-3,246
| -3% | -$206K |
|
1855
1st Source
SRCE
$2.16B
| $5.83M | ﹤0.01% |
199,692
-8,590
| -4% | -$247K |
|
1856
Alamos Gold
AGI
$11.9B
| $5.81M | ﹤0.01% |
992,011
-548,349
| -36% | -$3.47M |
|
1857
Myers Industries
MYE
$1.24B
| $5.81M | ﹤0.01% |
331,506
-37,946
| -10% | -$669K |
|
|
CJES
1858
DELISTED
C&J ENERGY SVCS LTD
CJES
| $5.76M | ﹤0.01% |
517,562
-17,169
| -3% | -$205K |
|
|
EBIX
1859
DELISTED
Ebix Inc
EBIX
| $5.76M | ﹤0.01% |
189,467
-80,945
| -30% | -$2.03M |
|
|
FFIC
1860
DELISTED
Flushing Financial
FFIC
| $5.75M | ﹤0.01% |
286,294
| – | – |
|
|
ZNGA
1861
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $5.74M | ﹤0.01% |
2,015,098
-349,650
| -15% | -$903K |
|
|
DTSI
1862
DELISTED
DTS, Inc.
DTSI
| $5.74M | ﹤0.01% |
168,421
| – | – |
|
1863
United Parks & Resorts
PRKS
$2.15B
| $5.72M | ﹤0.01% |
296,906
+84,000
| +39% | +$1.55M |
|
|
MEG
1864
DELISTED
Media General, Inc
MEG
| $5.72M | ﹤0.01% |
347,000
+300,000
| +638% | +$4.68M |
|
|
HTWR
1865
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $5.72M | ﹤0.01% |
65,193
-6,139
| -9% | -$522K |
|
|
OWW
1866
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $5.68M | ﹤0.01% |
486,898
| – | – |
|
1867
Flotek Industries
FTK
$847M
| $5.68M | ﹤0.01% |
64,177
| – | – |
|
|
STL
1868
DELISTED
Sterling Bancorp
STL
| $5.67M | ﹤0.01% |
422,957
-12,849
| -3% | -$175K |
|
|
XXIA
1869
DELISTED
Ixia
XXIA
| $5.63M | ﹤0.01% |
463,730
+61,788
| +15% | +$685K |
|
|
PHH
1870
DELISTED
PHH Corporation
PHH
| $5.6M | ﹤0.01% |
231,538
-189,848
| -45% | -$4.59M |
|
|
MCF
1871
DELISTED
Contango Oil & Gas Co.
MCF
| $5.58M | ﹤0.01% |
253,619
-10,184
| -4% | -$262K |
|
|
BRLI
1872
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $5.58M | ﹤0.01% |
158,300
-37,387
| -19% | -$1.26M |
|
|
UBA
1873
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $5.55M | ﹤0.01% |
240,792
| – | – |
|
|
STAY
1874
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $5.52M | ﹤0.01% |
282,675
-17,105
| -6% | -$340K |
|
|
RDUS
1875
DELISTED
Radius Recycling
RDUS
| $5.51M | ﹤0.01% |
347,643
+50,000
| +17% | +$842K |
|
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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.