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 | |
|---|---|---|---|---|---|---|
626
Newmont
NEM
$98.7B
| $98.9M | 0.03% |
3,888,564
+1,944,282
| +100% | +$46.8M |
|
627
NCR Voyix
VYX
$1.14B
| $98.8M | 0.03% |
4,590,892
+2,597,320
| +130% | +$52.5M |
|
|
SPN
628
DELISTED
Superior Energy Services, Inc.
SPN
| $98.7M | 0.03% |
273,002
+136,501
| +100% | +$45.2M |
|
629
Reinsurance Group of America
RGA
$15.5B
| $98.3M | 0.03% |
1,245,284
+635,833
| +104% | +$49.6M |
|
630
AXIS Capital
AXS
$7.68B
| $98.1M | 0.03% |
2,216,496
+1,197,020
| +117% | +$54.7M |
|
631
RPM International
RPM
$13.7B
| $98.1M | 0.03% |
2,124,208
+1,243,357
| +141% | +$53.8M |
|
632
Pitney Bowes
PBI
$2.4B
| $97.7M | 0.03% |
3,537,200
+1,768,600
| +100% | +$47.1M |
|
633
Mueller Water Products
MWA
$3.95B
| $97.3M | 0.03% |
11,264,234
+9,160,254
| +435% | +$81.1M |
|
634
Cooper Companies
COO
$14.1B
| $97.3M | 0.03% |
2,871,352
+1,457,176
| +103% | +$48.1M |
|
635
Camden Property Trust
CPT
$11B
| $97.2M | 0.03% |
1,366,520
+683,260
| +100% | +$47.5M |
|
|
ARG
636
DELISTED
Airgas Inc
ARG
| $97.2M | 0.03% |
892,200
+464,973
| +109% | +$49.7M |
|
|
TWTC
637
DELISTED
TW TELECOM INC CL A COM
TWTC
| $97M | 0.03% |
2,406,838
+1,203,419
| +100% | +$39.7M |
|
|
SLXP
638
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $96.2M | 0.03% |
780,126
+390,063
| +100% | +$43.1M |
|
|
ANSS
639
DELISTED
Ansys
ANSS
| $96.1M | 0.03% |
1,266,934
+733,279
| +137% | +$55M |
|
|
FRC
640
DELISTED
First Republic Bank
FRC
| $95.7M | 0.03% |
1,739,688
+869,844
| +100% | +$45.7M |
|
641
Teck Resources
TECK
$29.6B
| $95.4M | 0.03% |
4,170,870
+2,085,435
| +100% | +$46.8M |
|
642
Open Text
OTEX
$6.15B
| $95.3M | 0.03% |
3,963,216
+1,981,608
| +100% | +$47M |
|
643
Extra Space Storage
EXR
$31.3B
| $95.2M | 0.03% |
1,787,018
+893,509
| +100% | +$46.1M |
|
|
PETM
644
DELISTED
PETSMART INC
PETM
| $95M | 0.03% |
1,588,666
+794,333
| +100% | +$50.1M |
|
645
Baytex Energy
BTE
$3.25B
| $95M | 0.03% |
2,053,522
+1,036,811
| +102% | +$44M |
|
|
EGN
646
DELISTED
Energen
EGN
| $94.8M | 0.03% |
1,066,178
+533,089
| +100% | +$44.9M |
|
|
PL
647
DELISTED
PROTECTIVE LIFE CORP
PL
| $94.8M | 0.03% |
1,366,830
+683,415
| +100% | +$38.9M |
|
|
LM
648
DELISTED
Legg Mason, Inc.
LM
| $94.7M | 0.03% |
1,845,382
+922,691
| +100% | +$44.5M |
|
649
Ulta Beauty
ULTA
$22B
| $94.6M | 0.03% |
1,034,738
+517,369
| +100% | +$46.6M |
|
650
Patterson-UTI
PTEN
$3.98B
| $94.6M | 0.03% |
2,706,740
+1,353,370
| +100% | +$44.4M |
|
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.