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 | |
|---|---|---|---|---|---|---|
|
CXO
351
DELISTED
CONCHO RESOURCES INC.
CXO
| $192M | 0.05% |
1,326,144
+686,057
| +107% | +$91M |
|
|
TIF
352
DELISTED
Tiffany & Co.
TIF
| $191M | 0.05% |
1,906,242
+953,121
| +100% | +$88.5M |
|
|
BNY
353
Bank of New York Mellon
BNY
$106B
| $190M | 0.05% |
5,066,404
+3,327,071
| +191% | +$115M |
|
354
Best Buy
BBY
$18.2B
| $190M | 0.05% |
6,111,046
+3,055,523
| +100% | +$82.4M |
|
355
Timken Company
TKR
$9.56B
| $189M | 0.05% |
3,899,793
+2,058,405
| +112% | +$93.3M |
|
356
Annaly Capital Management
NLY
$17.1B
| $189M | 0.05% |
4,127,373
+2,307,226
| +127% | +$106M |
|
|
VER
357
DELISTED
VEREIT, Inc.
VER
| $189M | 0.05% |
3,011,794
+2,101,184
| +231% | +$135M |
|
|
ENDP
358
DELISTED
Endo International plc
ENDP
| $189M | 0.05% |
2,682,174
+1,645,897
| +159% | +$110M |
|
|
LLL
359
DELISTED
L3 Technologies, Inc.
LLL
| $188M | 0.05% |
1,558,304
+779,152
| +100% | +$92.6M |
|
|
WBC
360
DELISTED
WABCO HOLDINGS INC.
WBC
| $188M | 0.05% |
1,758,640
+941,976
| +115% | +$101M |
|
361
Dover
DOV
$27.6B
| $188M | 0.05% |
2,557,062
+1,235,174
| +93% | +$86.3M |
|
362
Tyson Foods
TSN
$20.4B
| $188M | 0.05% |
4,998,926
+2,499,463
| +100% | +$100M |
|
|
GG
363
DELISTED
Goldcorp Inc
GG
| $187M | 0.05% |
6,677,278
+3,338,639
| +100% | +$82.9M |
|
|
ESV
364
DELISTED
Ensco Rowan plc
ESV
| $187M | 0.05% |
839,525
+454,674
| +118% | +$94.1M |
|
365
KLA
KLAC
$239B
| $187M | 0.05% |
25,682,540
+12,996,860
| +102% | +$86.3M |
|
366
Bread Financial
BFH
$4.37B
| $185M | 0.05% |
825,562
+417,957
| +103% | +$85.1M |
|
|
ATVI
367
DELISTED
Activision Blizzard
ATVI
| $185M | 0.05% |
8,296,988
+4,250,068
| +105% | +$87.4M |
|
368
Range Resources
RRC
$9.38B
| $185M | 0.05% |
2,126,054
+1,102,116
| +108% | +$98.6M |
|
|
HCBK
369
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $184M | 0.05% |
18,740,020
+11,469,356
| +158% | +$113M |
|
|
CA
370
DELISTED
CA, Inc.
CA
| $184M | 0.05% |
6,403,062
+3,201,531
| +100% | +$94.7M |
|
371
J.M. Smucker
SJM
$12.7B
| $184M | 0.05% |
1,726,210
+890,334
| +107% | +$89.4M |
|
372
Whirlpool
WHR
$2.43B
| $184M | 0.05% |
1,318,384
+665,760
| +102% | +$97.7M |
|
|
TLM
373
DELISTED
TALISMAN ENERGY INC
TLM
| $183M | 0.05% |
17,292,208
+8,646,104
| +100% | +$90.3M |
|
|
BIN
374
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $183M | 0.05% |
7,107,408
+2,385,138
| +51% | +$60.5M |
|
|
BRCM
375
DELISTED
BROADCOM CORP CL-A
BRCM
| $182M | 0.05% |
4,912,820
+2,456,410
| +100% | +$80.5M |
|
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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.