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 | |
|---|---|---|---|---|---|---|
551
Waters Corp
WAT
$37B
| $117M | 0.03% |
1,116,012
+611,710
| +121% | +$64.3M |
|
|
RAD
552
DELISTED
Rite Aid Corporation
RAD
| $116M | 0.03% |
810,635
+482,237
| +147% | +$71.2M |
|
553
Digital Realty Trust
DLR
$69.7B
| $116M | 0.03% |
1,984,300
+992,150
| +100% | +$55.6M |
|
554
Watts Water Technologies
WTS
$11.5B
| $115M | 0.03% |
1,870,284
+575,283
| +44% | +$33.1M |
|
|
MRSH
555
Marsh
MRSH
$90.5B
| $115M | 0.03% |
2,219,458
+54,063
| +2% | +$2.69M |
|
556
Packaging Corp of America
PKG
$21.9B
| $115M | 0.03% |
1,608,490
+804,245
| +100% | +$55.2M |
|
|
ETFC
557
DELISTED
E*Trade Financial Corporation
ETFC
| $115M | 0.03% |
5,403,610
+2,748,166
| +103% | +$57.8M |
|
558
Pultegroup
PHM
$24.1B
| $115M | 0.03% |
5,695,282
+2,847,641
| +100% | +$54.7M |
|
|
TW
559
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $115M | 0.03% |
1,098,958
+549,479
| +100% | +$60.1M |
|
560
SBA Communications
SBAC
$19.2B
| $114M | 0.03% |
1,119,194
+1,081,585
| +2,876% | +$104M |
|
561
Crown Holdings
CCK
$12.8B
| $114M | 0.03% |
2,293,802
+1,146,901
| +100% | +$55M |
|
|
Y
562
DELISTED
Alleghany Corp
Y
| $114M | 0.03% |
260,310
+132,610
| +104% | +$55.4M |
|
563
Pinnacle West Capital
PNW
$12.2B
| $114M | 0.03% |
1,971,170
+1,039,705
| +112% | +$57.5M |
|
|
ADT
564
DELISTED
ADT Corp
ADT
| $114M | 0.03% |
3,256,418
+1,628,209
| +100% | +$52.2M |
|
|
VAL
565
DELISTED
Valspar
VAL
| $114M | 0.03% |
1,489,704
+744,852
| +100% | +$55.1M |
|
|
PCL
566
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $113M | 0.03% |
2,515,674
+1,305,639
| +108% | +$56.8M |
|
567
Raymond James Financial
RJF
$33.8B
| $113M | 0.03% |
3,347,142
+1,673,571
| +100% | +$55.9M |
|
|
RHT
568
DELISTED
Red Hat Inc
RHT
| $113M | 0.03% |
2,042,094
+1,115,184
| +120% | +$56.7M |
|
569
Allegion
ALLE
$13.4B
| $113M | 0.03% |
1,985,954
+1,371,545
| +223% | +$72.1M |
|
570
Williams-Sonoma
WSM
$26.9B
| $112M | 0.03% |
3,124,332
+1,523,150
| +95% | +$50.1M |
|
|
HAR
571
DELISTED
Harman International Industries
HAR
| $112M | 0.03% |
1,039,672
+529,284
| +104% | +$56.2M |
|
572
Trinity Industries
TRN
$2.49B
| $112M | 0.03% |
3,544,706
+1,738,650
| +96% | +$49.3M |
|
|
MNK
573
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $111M | 0.03% |
1,389,474
+927,323
| +201% | +$67.2M |
|
|
SNI
574
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $110M | 0.03% |
1,355,056
+677,528
| +100% | +$51.8M |
|
575
MDU Resources
MDU
$4.17B
| $110M | 0.03% |
8,213,062
+4,491,567
| +121% | +$58.7M |
|
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.