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 |
UBS Group
UBS
|
+$1.96B |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$358M |
| 3 |
Prudential Financial
PRU
|
+$303M |
| 4 |
Prologis
PLD
|
+$294M |
| 5 |
Hilton Worldwide
HLT
|
+$294M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Simon Property Group
SPG
|
+$186M |
| 2 |
Seagate
STX
|
+$122M |
| 3 |
Travelers Companies
TRV
|
+$113M |
| 4 |
GGP
GGP Inc.
GGP
|
+$110M |
| 5 |
Parker-Hannifin
PH
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.43% |
| 2 | Technology | 13.92% |
| 3 | Healthcare | 13.28% |
| 4 | Industrials | 9.68% |
| 5 | Consumer Discretionary | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Titan International
TWI
$466M
| $3.27M | ﹤0.01% |
307,327
-136,880
| -31% | -$1.41M |
|
2027
CBIZ
CBZ
$2.99B
| $3.25M | ﹤0.01% |
379,308
-116,686
| -24% | -$1.01M |
|
|
PKD
2028
DELISTED
Parker Drilling Company
PKD
| $3.23M | ﹤0.01% |
70,159
| – | – |
|
|
EVRI
2029
DELISTED
Everi Holdings
EVRI
| $3.21M | ﹤0.01% |
448,654
+149,701
| +50% | +$1.05M |
|
2030
TETRA Technologies
TTI
$1.14B
| $3.19M | ﹤0.01% |
477,159
| – | – |
|
2031
National Beverage
FIZZ
$2.96B
| $3.19M | ﹤0.01% |
281,658
| – | – |
|
|
AFFX
2032
DELISTED
Affymetrix Inc
AFFX
| $3.13M | ﹤0.01% |
316,895
+198,692
| +168% | +$1.74M |
|
2033
Arrow Financial
AROW
$659M
| $3.07M | ﹤0.01% |
144,306
| – | – |
|
|
BAS
2034
DELISTED
Basis Energy Services, Inc.
BAS
| $3.07M | ﹤0.01% |
767
+124
| +19% | +$783K |
|
|
VWTR
2035
DELISTED
Vidler Water Resouces, Inc. Common Stock
VWTR
| $3.03M | ﹤0.01% |
160,540
-59,114
| -27% | -$1.16M |
|
|
DS
2036
DELISTED
Drive Shack Inc.
DS
| $2.98M | ﹤0.01% |
663,028
-2,542,932
| -79% | -$11.7M |
|
|
AVOL
2037
DELISTED
AVOLON HLDGS LTD SHS (CYM)
AVOL
| $2.97M | ﹤0.01% |
+150,000
| New | +$2.84M |
|
|
CALY
2038
Callaway Golf Company
CALY
$3.32B
| $2.94M | ﹤0.01% |
381,954
+205,700
| +117% | +$1.53M |
|
2039
Citizens
CIA
$239M
| $2.93M | ﹤0.01% |
385,070
| – | – |
|
|
CONE
2040
DELISTED
CyrusOne Inc Common Stock
CONE
| $2.92M | ﹤0.01% |
+106,000
| New | +$2.78M |
|
|
GLOG
2041
DELISTED
GASLOG LTD
GLOG
| $2.9M | ﹤0.01% |
142,490
+142,488
| +7,124,400% | +$2.79M |
|
2042
eHealth
EHTH
$42.2M
| $2.89M | ﹤0.01% |
116,131
| – | – |
|
|
BHR
2043
Braemar Hotels & Resorts
BHR
$156M
| $2.87M | ﹤0.01% |
169,208
| – | – |
|
|
ZQK
2044
DELISTED
QUICKSILVER,INC.
ZQK
| $2.87M | ﹤0.01% |
1,300,325
| – | – |
|
|
GBL
2045
DELISTED
GAMCO Investors, Inc.
GBL
| $2.87M | ﹤0.01% |
59,922
| – | – |
|
|
CONN
2046
DELISTED
Conn's Inc.
CONN
| $2.81M | ﹤0.01% |
150,561
-33,411
| -18% | -$943K |
|
2047
OneSpan
OSPN
$574M
| $2.81M | ﹤0.01% |
99,722
-87,193
| -47% | -$2.16M |
|
2048
Northern Oil and Gas
NOG
$2.3B
| $2.81M | ﹤0.01% |
49,679
-26,764
| -35% | -$2.57M |
|
|
FMSA
2049
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $2.77M | ﹤0.01% |
+400,000
| New | +$4.38M |
|
|
NXTM
2050
DELISTED
NxStage Medical Inc.
NXTM
| $2.76M | ﹤0.01% |
153,904
| – | – |
|
Similar funds
Norges Bank's Q4 2014 Portfolio in Review
As of Q4 2014, Norges Bank held 2,423 positions worth $197B, up 6.6% from $185B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q4 2014 filing shows 94 new, 966 increased, 483 reduced and 73 closed positions. Its largest new stake was UBS Group: 114,662,320 shares worth $1.97B. The largest sale was Simon Property Group, an estimated $186M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q4 2014 buy was UBS Group: 114,662,320 shares worth $1.97B.
- Norges Bank added most to Twenty-First Century Fox, Inc. Class A in Q4 2014, an estimated $358M increase.
- Norges Bank's biggest Q4 2014 reduction was Simon Property Group, cutting an estimated $186M.
- Norges Bank fully exited TIM HORTONS INC COM, CANADA in Q4 2014, selling an estimated $93.9M.
- Norges Bank's ten largest holdings make up 14% of its $197B portfolio in Q4 2014.
- Norges Bank opened 94 new positions and closed 73 in Q4 2014.
- Norges Bank's portfolio value rose 6.6% quarter-over-quarter to $197B.
Based on Norges Bank's 13F filing for Q4 2014, filed 11 Feb 2015.