NEW YORK (Reuters) - Norges Bank Investment Management, one of Walt Disney's ( DIS ) biggest investors, said on Tuesday that it voted to re-elect the entertainment giant's directors, dealing a blow to the hedge funds pushing for seats on Disney's ( DIS ) board.

NBIM, which manages the Norwegian Government Pension Fund and owned a 1.2% stake in Disney ( DIS ) at the end of last year, said it voted for 11 of the company's 12 directors but withheld its vote from Mark Parker, Disney's ( DIS ) board chairman.

It did not vote for any candidates proposed by hedge funds Trian Fund Management or Blackwells Capital.

(This story has been corrected to show that NBIM owns a 1.2% stake, not a 5% stake, in paragraph 2)