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 | |
|---|---|---|---|---|---|---|
|
CLR
451
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $146M | 0.04% |
1,842,056
+921,028
| +100% | +$64M |
|
|
SWY
452
DELISTED
SAFEWAY INC
SWY
| $145M | 0.04% |
4,212,778
+1,815,745
| +76% | +$62M |
|
453
Expedia Group
EXPE
$35.4B
| $143M | 0.04% |
1,819,626
+1,004,570
| +123% | +$73.2M |
|
454
United Rentals
URI
$67.2B
| $143M | 0.04% |
1,368,388
+644,743
| +89% | +$63M |
|
|
FL
455
DELISTED
Foot Locker
FL
| $143M | 0.04% |
2,817,966
+1,408,983
| +100% | +$67.4M |
|
456
Labcorp
LH
$25B
| $142M | 0.04% |
1,619,352
+809,676
| +100% | +$70.1M |
|
457
Everest Group
EG
$14.5B
| $142M | 0.04% |
883,696
+441,848
| +100% | +$69.9M |
|
458
Newell Brands
NWL
$2.38B
| $141M | 0.04% |
4,555,324
+2,277,662
| +100% | +$68.2M |
|
459
Genworth Financial
GNW
$3.76B
| $141M | 0.04% |
8,103,388
+3,977,104
| +96% | +$69.5M |
|
460
CBRE Group
CBRE
$42.5B
| $141M | 0.04% |
4,391,808
+2,233,797
| +104% | +$64.5M |
|
461
TechnipFMC
FTI
$28.1B
| $140M | 0.04% |
3,090,842
+1,569,387
| +103% | +$66.5M |
|
462
Ball Corp
BALL
$17.3B
| $140M | 0.04% |
4,478,268
+2,239,134
| +100% | +$65.6M |
|
463
H&R Block
HRB
$5.58B
| $140M | 0.04% |
4,185,364
+2,128,473
| +103% | +$63.4M |
|
464
Oceaneering
OII
$4.86B
| $140M | 0.04% |
1,792,548
+910,408
| +103% | +$66.8M |
|
|
VAR
465
DELISTED
Varian Medical Systems, Inc.
VAR
| $139M | 0.04% |
1,907,581
+967,689
| +103% | +$69.5M |
|
466
MGM Resorts International
MGM
$11.4B
| $139M | 0.04% |
5,266,710
+2,712,002
| +106% | +$67.7M |
|
467
BioMarin Pharmaceuticals
BMRN
$11.6B
| $139M | 0.04% |
2,233,666
+1,116,833
| +100% | +$67.5M |
|
468
Expeditors International
EXPD
$22B
| $139M | 0.04% |
3,145,256
+1,594,400
| +103% | +$68.6M |
|
|
NBIS
469
Nebius Group N.V.
NBIS
$48.3B
| $138M | 0.04% |
3,875,428
+2,003,374
| +107% | +$61.5M |
|
470
National Fuel Gas
NFG
$7.82B
| $138M | 0.04% |
1,760,968
+840,078
| +91% | +$61.9M |
|
471
Verisk Analytics
VRSK
$25.4B
| $138M | 0.04% |
2,295,960
+1,161,097
| +102% | +$69.4M |
|
472
Markel Group
MKL
$23.3B
| $137M | 0.04% |
209,254
+109,460
| +110% | +$69M |
|
473
Martin Marietta Materials
MLM
$31.5B
| $137M | 0.04% |
1,037,488
+678,260
| +189% | +$85.2M |
|
474
Akamai
AKAM
$16.7B
| $137M | 0.04% |
2,243,332
+1,281,128
| +133% | +$71.2M |
|
475
LKQ Corp
LKQ
$5.68B
| $137M | 0.04% |
5,122,934
-113,766
| -2% | -$3.14M |
|
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.