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 |
Apple
AAPL
|
+$3.65B |
| 2 |
Blackrock
BLK
|
+$3.58B |
| 3 |
ExxonMobil
XOM
|
+$3.23B |
| 4 |
Microsoft
MSFT
|
+$2.54B |
| 5 |
Johnson & Johnson
JNJ
|
+$2.09B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WFT
Weatherford International plc
WFT
|
+$118M |
| 2 |
Credicorp
BAP
|
+$98.3M |
| 3 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
+$82.2M |
| 4 |
Aon
AON
|
+$63.8M |
| 5 |
LSI
LSI CORPORATION
LSI
|
+$47.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.06% |
| 2 | Technology | 13.25% |
| 3 | Healthcare | 12.14% |
| 4 | Energy | 10.19% |
| 5 | Industrials | 9.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Host Hotels & Resorts
HST
$17.2B
| $224M | 0.06% |
10,193,728
+5,096,864
| +100% | +$110M |
|
|
GAP
302
The Gap Inc
GAP
$7.23B
| $224M | 0.06% |
5,387,458
+2,693,729
| +100% | +$109M |
|
303
Essex Property Trust
ESS
$18.3B
| $224M | 0.06% |
1,210,360
+917,463
| +313% | +$162M |
|
304
Liberty Media Series A
FWONA
$22.5B
| $222M | 0.06% |
9,158,863
+4,579,432
| +100% | +$105M |
|
305
Mattel
MAT
$4.38B
| $222M | 0.06% |
5,687,968
+2,922,973
| +106% | +$113M |
|
306
Republic Services
RSG
$64.8B
| $221M | 0.06% |
5,830,394
+2,943,679
| +102% | +$104M |
|
|
HOT
307
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $221M | 0.06% |
2,734,226
+1,367,113
| +100% | +$107M |
|
|
QVCGA
308
DELISTED
QVC Group Inc Series A
QVCGA
| $220M | 0.06% |
182,481
+91,757
| +101% | +$109M |
|
|
STI
309
DELISTED
SunTrust Banks, Inc.
STI
| $219M | 0.06% |
5,472,042
+3,181,808
| +139% | +$124M |
|
310
Dollar General
DG
$28B
| $219M | 0.06% |
3,818,196
+1,909,098
| +100% | +$109M |
|
311
Amphenol
APH
$198B
| $219M | 0.06% |
18,166,272
+9,495,568
| +110% | +$113M |
|
|
FISV
312
Fiserv Inc
FISV
$28.8B
| $218M | 0.06% |
7,231,500
+3,649,256
| +102% | +$108M |
|
313
Rockwell Automation
ROK
$53.4B
| $217M | 0.06% |
1,734,678
+867,339
| +100% | +$107M |
|
|
JWN
314
DELISTED
Nordstrom
JWN
| $216M | 0.06% |
3,177,864
+1,653,612
| +108% | +$107M |
|
315
Murphy Oil
MUR
$5.7B
| $215M | 0.06% |
3,239,412
+1,669,170
| +106% | +$105M |
|
316
Roper Technologies
ROP
$38.8B
| $215M | 0.06% |
1,473,744
+722,056
| +96% | +$101M |
|
|
TFCF
317
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $215M | 0.06% |
6,283,662
+1,809,331
| +40% | +$59.9M |
|
318
Franklin Resources
BEN
$17.6B
| $214M | 0.06% |
3,707,944
+138,356
| +4% | +$7.57M |
|
319
AutoZone
AZO
$49.2B
| $214M | 0.06% |
399,866
+199,933
| +100% | +$106M |
|
|
CMA
320
DELISTED
Comerica
CMA
| $214M | 0.06% |
4,261,980
+2,538,947
| +147% | +$124M |
|
|
SUNE
321
DELISTED
SUNEDISON, INC COM
SUNE
| $212M | 0.06% |
9,384,546
+4,476,550
| +91% | +$87M |
|
322
NRG Energy
NRG
$28.3B
| $209M | 0.06% |
5,621,866
+2,841,412
| +102% | +$97.8M |
|
323
Conagra Brands
CAG
$6.94B
| $209M | 0.06% |
9,046,015
+4,607,326
| +104% | +$111M |
|
324
Paychex
PAYX
$41.6B
| $208M | 0.06% |
5,015,828
+2,507,914
| +100% | +$103M |
|
325
Fluor
FLR
$7.01B
| $208M | 0.06% |
2,705,760
+1,458,390
| +117% | +$111M |
|
Similar funds
Norges Bank's Q2 2014 Portfolio in Review
As of Q2 2014, Norges Bank held 2,273 positions worth $371B, up 109% from $177B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank deployed $180B of net new capital in Q2 2014, opening 161 new positions and adding to 2,055 existing holdings. Its largest new stake was IMS HEALTH HLDGS INC COM STK (DE): 6,500,000 shares worth $167M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Weatherford International plc, an estimated $118M trimmed.
- Norges Bank's largest Q2 2014 buy was IMS HEALTH HLDGS INC COM STK (DE): 6,500,000 shares worth $167M.
- Norges Bank added most to Apple in Q2 2014, an estimated $3.65B increase.
- Norges Bank's biggest Q2 2014 reduction was Weatherford International plc, cutting an estimated $118M.
- Norges Bank fully exited Credicorp in Q2 2014, selling an estimated $98.3M.
- Norges Bank's ten largest holdings make up 14% of its $371B portfolio in Q2 2014.
- Norges Bank opened 161 new positions and closed 23 in Q2 2014.
- Norges Bank's portfolio value rose 109% quarter-over-quarter to $371B.
Based on Norges Bank's 13F filing for Q2 2014, filed 8 Aug 2014.