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 | |
|---|---|---|---|---|---|---|
1876
Kenon Holdings
KEN
$3.47B
| $5.48M | ﹤0.01% |
+282,996
| New | +$5.05M |
|
|
ECOL
1877
DELISTED
US Ecology, Inc.
ECOL
| $5.45M | ﹤0.01% |
109,026
+10,000
| +10% | +$454K |
|
|
GHDX
1878
DELISTED
Genomic Health, Inc.
GHDX
| $5.45M | ﹤0.01% |
178,270
-20,284
| -10% | -$645K |
|
1879
Forrester Research
FORR
$189M
| $5.44M | ﹤0.01% |
147,903
| – | – |
|
1880
Community Trust Bancorp
CTBI
$1.42B
| $5.44M | ﹤0.01% |
164,012
-5,036
| -3% | -$166K |
|
1881
Comtech Telecommunications
CMTL
$50.9M
| $5.44M | ﹤0.01% |
187,833
| – | – |
|
|
KCG
1882
DELISTED
KCG Holdings, Inc.
KCG
| $5.43M | ﹤0.01% |
443,263
-485,728
| -52% | -$6M |
|
|
FLTX
1883
DELISTED
Fleetmatics Group PLC
FLTX
| $5.43M | ﹤0.01% |
121,122
-90,989
| -43% | -$3.6M |
|
1884
Quanex
NX
$818M
| $5.43M | ﹤0.01% |
275,068
-11,195
| -4% | -$216K |
|
|
INFO
1885
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $5.4M | ﹤0.01% |
+200,717
| New | +$5.3M |
|
|
TRST
1886
Trustco Bank Corp NY
TRST
$963M
| $5.39M | ﹤0.01% |
156,741
-9,655
| -6% | -$327K |
|
|
TGH
1887
DELISTED
Textainer Group Holdings limited
TGH
| $5.38M | ﹤0.01% |
179,400
-15,909
| -8% | -$510K |
|
|
UAM
1888
DELISTED
Universal American Corp
UAM
| $5.36M | ﹤0.01% |
502,115
-26,561
| -5% | -$250K |
|
|
DCOM
1889
DELISTED
Dime Community Bancshares
DCOM
| $5.36M | ﹤0.01% |
333,013
-10,890
| -3% | -$170K |
|
1890
NN Inc
NNBR
$257M
| $5.31M | ﹤0.01% |
211,663
| – | – |
|
1891
Simmons First National
SFNC
$3.38B
| $5.31M | ﹤0.01% |
233,518
-54,600
| -19% | -$1.11M |
|
1892
Primoris Services
PRIM
$4.65B
| $5.29M | ﹤0.01% |
307,663
| – | – |
|
1893
Winnebago Industries
WGO
$863M
| $5.26M | ﹤0.01% |
247,620
-9,484
| -4% | -$204K |
|
|
AD
1894
Array Digital Infrastructure
AD
$3.02B
| $5.25M | ﹤0.01% |
147,041
-7,698
| -5% | -$281K |
|
|
WAC
1895
DELISTED
Walter Investment Mgt Corp
WAC
| $5.22M | ﹤0.01% |
323,411
-13,569
| -4% | -$229K |
|
1896
First Commonwealth Financial
FCF
$2.18B
| $5.2M | ﹤0.01% |
577,550
-37,407
| -6% | -$322K |
|
|
CTCM
1897
DELISTED
CTC MEDIA INC COM STK
CTCM
| $5.12M | ﹤0.01% |
1,293,557
+120,000
| +10% | +$496K |
|
1898
Forestar Group
FOR
$1.47B
| $5.09M | ﹤0.01% |
322,750
-38,441
| -11% | -$567K |
|
1899
Ubiquiti
UI
$32.3B
| $5.05M | ﹤0.01% |
170,825
| – | – |
|
1900
Boise Cascade
BCC
$2.65B
| $5.02M | ﹤0.01% |
134,023
+63,700
| +91% | +$2.46M |
|
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.