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 | |
|---|---|---|---|---|---|---|
|
OA
1926
DELISTED
Orbital ATK, Inc.
OA
| $4.64M | ﹤0.01% |
+60,501
| New | +$5.72M |
|
1927
Banco Bilbao Vizcaya Argentaria
BBVA
$142B
| $4.62M | ﹤0.01% |
484,028
+11,542
| +2% | +$104K |
|
1928
Century Aluminum
CENX
$4.22B
| $4.61M | ﹤0.01% |
334,041
-25,678
| -7% | -$517K |
|
|
PES
1929
DELISTED
Pioneer Energy Services Corp.
PES
| $4.57M | ﹤0.01% |
843,226
| – | – |
|
1930
Apogee Enterprises
APOG
$833M
| $4.53M | ﹤0.01% |
104,899
-8,668
| -8% | -$380K |
|
|
ZEP
1931
DELISTED
ZEP INC COM STK (DE)
ZEP
| $4.51M | ﹤0.01% |
265,076
-6,519
| -2% | -$106K |
|
|
RICE
1932
DELISTED
Rice Energy Inc.
RICE
| $4.51M | ﹤0.01% |
207,326
-22,598
| -10% | -$429K |
|
1933
KB Home
KBH
$3.5B
| $4.5M | ﹤0.01% |
287,974
-23,326
| -7% | -$326K |
|
1934
Rush Enterprises Class A
RUSHA
$6.34B
| $4.5M | ﹤0.01% |
369,765
-14,443
| -4% | -$183K |
|
|
ASCMA
1935
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $4.42M | ﹤0.01% |
110,958
-4,058
| -4% | -$180K |
|
|
NVMI
1936
Nova
NVMI
$11.7B
| $4.42M | ﹤0.01% |
381,555
| – | – |
|
|
WSTC
1937
DELISTED
West Corporation
WSTC
| $4.38M | ﹤0.01% |
130,000
+100,000
| +333% | +$3.32M |
|
|
PBY
1938
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $4.29M | ﹤0.01% |
446,492
-16,406
| -4% | -$150K |
|
|
CALY
1939
Callaway Golf Company
CALY
$3.28B
| $4.27M | ﹤0.01% |
447,954
+66,000
| +17% | +$561K |
|
1940
Sturm, Ruger & Co
RGR
$603M
| $4.25M | ﹤0.01% |
85,698
-53,489
| -38% | -$2.4M |
|
|
VG
1941
DELISTED
Vonage Holdings Corporation
VG
| $4.25M | ﹤0.01% |
864,787
| – | – |
|
|
PE
1942
DELISTED
PARSLEY ENERGY INC
PE
| $4.19M | ﹤0.01% |
262,282
+212,282
| +425% | +$3.32M |
|
|
STFC
1943
DELISTED
State Auto Financial Corp
STFC
| $4.18M | ﹤0.01% |
172,231
| – | – |
|
|
IVC
1944
DELISTED
Invacare Corporation
IVC
| $4.12M | ﹤0.01% |
212,428
-9,348
| -4% | -$162K |
|
1945
HDFC Bank
HDB
$123B
| $4.12M | ﹤0.01% |
+280,000
| New | +$4.09M |
|
1946
Red Robin
RRGB
$139M
| $4.12M | ﹤0.01% |
47,312
-24,370
| -34% | -$1.98M |
|
1947
BancFirst
BANF
$3.81B
| $4.05M | ﹤0.01% |
132,718
-3,822
| -3% | -$114K |
|
|
INFI
1948
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $4.03M | ﹤0.01% |
288,379
+42,461
| +17% | +$649K |
|
|
PTLA
1949
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $4.01M | ﹤0.01% |
+105,721
| New | +$3.63M |
|
1950
W&T Offshore
WTI
$525M
| $4.01M | ﹤0.01% |
784,018
-99,200
| -11% | -$576K |
|
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.