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 | |
|---|---|---|---|---|---|---|
1951
Stock Yards Bancorp
SYBT
$2.54B
| $4M | ﹤0.01% |
174,287
| – | – |
|
|
HOS
1952
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $3.98M | ﹤0.01% |
211,797
-13,704
| -6% | -$285K |
|
|
BLOX
1953
DELISTED
Infoblox Inc
BLOX
| $3.98M | ﹤0.01% |
166,722
| – | – |
|
|
AFFX
1954
DELISTED
Affymetrix Inc
AFFX
| $3.98M | ﹤0.01% |
316,895
| – | – |
|
1955
NovaGold Resources
NG
$2.66B
| $3.96M | ﹤0.01% |
1,345,921
-105,341
| -7% | -$369K |
|
1956
Koppers
KOP
$942M
| $3.96M | ﹤0.01% |
201,269
-6,094
| -3% | -$122K |
|
1957
New Mountain Finance
NMFC
$653M
| $3.92M | ﹤0.01% |
268,776
-120,044
| -31% | -$1.76M |
|
1958
AeroVironment
AVAV
$7.42B
| $3.9M | ﹤0.01% |
147,084
+10,007
| +7% | +$264K |
|
1959
First Majestic Silver
AG
$7.75B
| $3.89M | ﹤0.01% |
720,539
-60,728
| -8% | -$358K |
|
1960
Geospace Technologies
GEOS
$93.1M
| $3.84M | ﹤0.01% |
232,539
| – | – |
|
|
FRAN
1961
DELISTED
Francesca's Holdings Corporation
FRAN
| $3.79M | ﹤0.01% |
17,734
-231
| -1% | -$43.9K |
|
|
MESG
1962
DELISTED
XURA INC COM (DE)
MESG
| $3.77M | ﹤0.01% |
191,132
-23,267
| -11% | -$429K |
|
|
TVTY
1963
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $3.76M | ﹤0.01% |
191,024
+91,900
| +93% | +$1.92M |
|
1964
Chegg
CHGG
$118M
| $3.74M | ﹤0.01% |
470,000
+370,000
| +370% | +$2.75M |
|
|
EPIQ
1965
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $3.73M | ﹤0.01% |
208,095
| – | – |
|
|
TRK
1966
DELISTED
Speedway Motorsports, Inc.
TRK
| $3.73M | ﹤0.01% |
163,975
| – | – |
|
|
WMGI
1967
DELISTED
Wright Medical Group Inc
WMGI
| $3.72M | ﹤0.01% |
144,111
-20,306
| -12% | -$523K |
|
1968
Northern Oil and Gas
NOG
$2.27B
| $3.68M | ﹤0.01% |
47,757
-1,922
| -4% | -$139K |
|
|
CNR
1969
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $3.68M | ﹤0.01% |
212,865
| – | – |
|
|
AUQ
1970
DELISTED
AURICO GOLD INC COM
AUQ
| $3.67M | ﹤0.01% |
1,329,974
-111,513
| -8% | -$389K |
|
|
PKD
1971
DELISTED
Parker Drilling Company
PKD
| $3.67M | ﹤0.01% |
70,159
| – | – |
|
|
BBG
1972
DELISTED
Bill Barrett Corp
BBG
| $3.67M | ﹤0.01% |
442,254
-31,512
| -7% | -$321K |
|
|
DMND
1973
DELISTED
DIAMOND FOODS, INC.
DMND
| $3.67M | ﹤0.01% |
112,629
-13,736
| -11% | -$386K |
|
1974
Globe Life
GL
$14.2B
| $3.67M | ﹤0.01% |
66,763
| – | – |
|
1975
Shutterstock
SSTK
$198M
| $3.67M | ﹤0.01% |
53,400
| – | – |
|
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.