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 | |
|---|---|---|---|---|---|---|
|
REXX
1901
DELISTED
Rex Energy Corporation
REXX
| $5M | ﹤0.01% |
134,556
| – | – |
|
1902
Washington Trust Bancorp
WASH
$748M
| $5M | ﹤0.01% |
130,945
-4,038
| -3% | -$153K |
|
1903
Sabesp
SBS
$19.2B
| $4.99M | ﹤0.01% |
4,745,305
| – | – |
|
1904
Veeva Systems
VEEV
$32.7B
| $4.99M | ﹤0.01% |
+195,340
| New | +$5.5M |
|
|
SGY
1905
DELISTED
Stone Energy
SGY
| $4.97M | ﹤0.01% |
5,965
-3,774
| -39% | -$3.34M |
|
1906
Lithia Motors
LAD
$9.24B
| $4.97M | ﹤0.01% |
50,000
| – | – |
|
1907
Modine Manufacturing
MOD
$10.3B
| $4.97M | ﹤0.01% |
368,863
-224,137
| -38% | -$2.89M |
|
|
TMX
1908
DELISTED
Terminix Global Holdings, Inc.
TMX
| $4.95M | ﹤0.01% |
+218,938
| New | +$4.61M |
|
1909
Hecla Mining
HL
$10B
| $4.92M | ﹤0.01% |
1,649,758
-153,396
| -9% | -$488K |
|
|
PRSU
1910
Pursuit Attractions and Hospitality Inc
PRSU
$1.4B
| $4.83M | ﹤0.01% |
173,715
-6,383
| -4% | -$174K |
|
1911
CTS Corp
CTS
$1.79B
| $4.83M | ﹤0.01% |
268,254
-10,914
| -4% | -$185K |
|
1912
Nordic American Tanker
NAT
$1.41B
| $4.76M | ﹤0.01% |
402,868
-44,575
| -10% | -$471K |
|
|
IO
1913
DELISTED
ION Geophysical Corporation
IO
| $4.75M | ﹤0.01% |
146,024
+6,718
| +5% | +$241K |
|
1914
Park Aerospace
PKE
$730M
| $4.74M | ﹤0.01% |
219,933
-53
| -0% | -$1.15K |
|
1915
China Yuchai International
CYD
$1.81B
| $4.73M | ﹤0.01% |
239,692
-7,731
| -3% | -$149K |
|
|
GTY
1916
Getty Realty Corp
GTY
$2.12B
| $4.73M | ﹤0.01% |
263,104
| – | – |
|
|
TPH
1917
DELISTED
Tri Pointe Homes
TPH
| $4.71M | ﹤0.01% |
305,324
-522,786
| -63% | -$7.86M |
|
1918
Gorman-Rupp
GRC
$2.13B
| $4.7M | ﹤0.01% |
157,026
-7,893
| -5% | -$232K |
|
|
OMED
1919
DELISTED
OncoMed Pharmaceuticals, Inc.
OMED
| $4.7M | ﹤0.01% |
182,357
| – | – |
|
|
MWW
1920
DELISTED
Monster Worldwide Inc
MWW
| $4.7M | ﹤0.01% |
740,702
| – | – |
|
1921
Tower Semiconductor
TSEM
$23.9B
| $4.69M | ﹤0.01% |
274,369
| – | – |
|
|
KND
1922
DELISTED
Kindred Healthcare
KND
| $4.69M | ﹤0.01% |
196,967
-11,687
| -6% | -$237K |
|
1923
Green Dot
GDOT
$743M
| $4.68M | ﹤0.01% |
293,926
| – | – |
|
|
NSM
1924
DELISTED
Nationstar Mortgage Holdings
NSM
| $4.68M | ﹤0.01% |
188,886
| – | – |
|
|
GNCMA
1925
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $4.66M | ﹤0.01% |
295,731
-1,409
| -0.5% | -$20.7K |
|
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.