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 | |
|---|---|---|---|---|---|---|
2051
Citizens
CIA
$248M
| $2.3M | ﹤0.01% |
372,921
-12,149
| -3% | -$85.2K |
|
|
ADNC
2052
DELISTED
AUDIENCE INC COM STK (DE)
ADNC
| $2.28M | ﹤0.01% |
501,686
-36,900
| -7% | -$168K |
|
|
CBPX
2053
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $2.26M | ﹤0.01% |
+100,000
| New | +$1.84M |
|
|
NXTM
2054
DELISTED
NxStage Medical Inc.
NXTM
| $2.23M | ﹤0.01% |
129,090
-24,814
| -16% | -$438K |
|
2055
Itaú Unibanco
ITUB
$89.8B
| $2.21M | ﹤0.01% |
498,881
-1,004,291
| -67% | -$4.9M |
|
|
MFLX
2056
DELISTED
MULTI-FINELINE ELECTRONIX INC
MFLX
| $2.17M | ﹤0.01% |
118,969
-9,342
| -7% | -$147K |
|
2057
AudioCodes
AUDC
$239M
| $2.15M | ﹤0.01% |
465,522
| – | – |
|
2058
Movado Group
MOV
$840M
| $2.14M | ﹤0.01% |
75,070
-602
| -0.8% | -$15.1K |
|
|
VRTU
2059
DELISTED
Virtusa Corporation
VRTU
| $2.13M | ﹤0.01% |
51,558
-8,610
| -14% | -$343K |
|
2060
TIM SA
TIMB
$9.1B
| $2.12M | ﹤0.01% |
127,770
-53,850
| -30% | -$1.12M |
|
2061
Exelixis
EXEL
$13.9B
| $2.11M | ﹤0.01% |
821,439
-119,671
| -13% | -$278K |
|
|
MIK
2062
DELISTED
Michaels Stores, Inc
MIK
| $2.09M | ﹤0.01% |
+77,128
| New | +$2.05M |
|
|
DX
2063
Dynex Capital
DX
$3.17B
| $2.08M | ﹤0.01% |
81,963
-16,331
| -17% | -$409K |
|
2064
Wabash National
WNC
$504M
| $2.08M | ﹤0.01% |
147,605
-18,615
| -11% | -$252K |
|
|
SCAI
2065
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $2.06M | ﹤0.01% |
+60,000
| New | +$2M |
|
|
SP
2066
DELISTED
SP Plus Corporation
SP
| $2.05M | ﹤0.01% |
93,941
| – | – |
|
|
ININ
2067
DELISTED
Interactive Intelligence Group, inc.
ININ
| $2.04M | ﹤0.01% |
49,508
| – | – |
|
2068
Element Solutions
ESI
$8.48B
| $2.03M | ﹤0.01% |
+79,145
| New | +$1.9M |
|
|
RATE
2069
DELISTED
Bankrate Inc
RATE
| $2.02M | ﹤0.01% |
178,510
| – | – |
|
2070
Diana Shipping
DSX
$266M
| $2.01M | ﹤0.01% |
468,976
-48,292
| -9% | -$226K |
|
2071
Financial Institutions
FISI
$812M
| $2.01M | ﹤0.01% |
87,488
| – | – |
|
|
TERP
2072
DELISTED
TerraForm Power, Inc
TERP
| $1.99M | ﹤0.01% |
+54,484
| New | +$1.79M |
|
2073
Independent Bank Corp
IBCP
$796M
| $1.98M | ﹤0.01% |
153,922
| – | – |
|
|
BNCL
2074
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $1.97M | ﹤0.01% |
174,791
-1
| -0% | -$11 |
|
|
FGL
2075
DELISTED
Fidelity & Guaranty Life
FGL
| $1.96M | ﹤0.01% |
92,378
| – | – |
|
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.