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 | |
|---|---|---|---|---|---|---|
201
Deere & Co
DE
$160B
| $191M | 0.1% |
2,162,231
+361,733
| +20% | +$31.3M |
|
202
International Paper
IP
$21.6B
| $190M | 0.1% |
3,752,211
-76,703
| -2% | -$3.75M |
|
203
APA Corp
APA
$13.2B
| $189M | 0.1% |
3,023,684
+26,951
| +0.9% | +$1.92M |
|
|
MJN
204
DELISTED
Mead Johnson Nutrition Company
MJN
| $189M | 0.1% |
1,876,665
+104,820
| +6% | +$10.4M |
|
|
BNY
205
Bank of New York Mellon
BNY
$106B
| $188M | 0.1% |
4,622,480
+2,012,786
| +77% | +$78.8M |
|
206
Devon Energy
DVN
$52.1B
| $187M | 0.09% |
3,051,765
+51,458
| +2% | +$3.12M |
|
207
Humana
HUM
$43.7B
| $186M | 0.09% |
1,295,132
-23,861
| -2% | -$3.26M |
|
208
Salesforce
CRM
$151B
| $185M | 0.09% |
3,120,534
+31,032
| +1% | +$1.83M |
|
|
DFS
209
DELISTED
Discover Financial Services
DFS
| $185M | 0.09% |
2,822,996
+161,521
| +6% | +$10.4M |
|
|
210
Simon Property Group
SPG
$74.4B
| $183M | 0.09% |
1,004,409
-1,050,309
| -51% | -$186M |
|
211
BorgWarner
BWA
$13.1B
| $182M | 0.09% |
3,768,518
+465,002
| +14% | +$22.7M |
|
212
NOV
NOV
$6.93B
| $181M | 0.09% |
2,767,940
+89,617
| +3% | +$6.24M |
|
213
Sherwin-Williams
SHW
$82.7B
| $181M | 0.09% |
2,063,322
| – | – |
|
214
Williams Companies
WMB
$87.5B
| $180M | 0.09% |
4,005,776
-1,312,543
| -25% | -$67.1M |
|
215
Waste Management
WM
$90.6B
| $180M | 0.09% |
3,505,869
+180,173
| +5% | +$8.77M |
|
216
Tesla
TSLA
$1.23T
| $179M | 0.09% |
12,048,420
+1,147,485
| +11% | +$17.9M |
|
217
Sysco
SYY
$40.8B
| $179M | 0.09% |
4,500,200
-55,061
| -1% | -$2.13M |
|
|
SNDK
218
DELISTED
SANDISK CORP
SNDK
| $178M | 0.09% |
1,819,690
-408,825
| -18% | -$39.1M |
|
219
SBA Communications
SBAC
$19.2B
| $177M | 0.09% |
1,597,911
+82,134
| +5% | +$9.24M |
|
220
Public Service Enterprise Group
PEG
$38.2B
| $176M | 0.09% |
4,252,001
+1,286,547
| +43% | +$51.8M |
|
221
Illumina
ILMN
$31B
| $175M | 0.09% |
975,047
+149,230
| +18% | +$26.3M |
|
222
Aptiv
APTV
$12B
| $175M | 0.09% |
2,405,114
-48,123
| -2% | -$3.32M |
|
223
American Electric Power
AEP
$69.6B
| $173M | 0.09% |
2,846,338
+102,168
| +4% | +$5.85M |
|
224
Broadcom
AVGO
$1.85T
| $173M | 0.09% |
17,170,220
-3,022,680
| -15% | -$27M |
|
225
Welltower
WELL
$169B
| $172M | 0.09% |
2,276,555
-13,113
| -0.6% | -$936K |
|
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.