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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.11%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$371B
AUM Growth
+$193B
Cap. Flow
+$180B
Cap. Flow %
48.51%
Top 10 Hldgs %
14.25%
Holding
2,273
New
161
Increased
2,055
Reduced
32
Closed
23

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.65B
2
BLK icon
Blackrock
BLK
+$3.58B
3
XOM icon
ExxonMobil
XOM
+$3.23B
4
MSFT icon
Microsoft
MSFT
+$2.54B
5
JNJ icon
Johnson & Johnson
JNJ
+$2.09B

Top Sells

Rank Stock Value
1
WFT
Weatherford International plc
WFT
+$118M
2
BAP icon
Credicorp
BAP
+$98.3M
3
BEAM
BEAM INC COM STK (DE)
BEAM
+$82.2M
4
AON icon
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
AA icon
651
Alcoa
AA
$11.9B
$94.5M 0.03%
2,642,029
+1,638,592
+163% +$53.7M
SITC icon
652
SITE Centers
SITC
$225M
$94.5M 0.03%
4,157,893
+2,078,946
+100% +$46M
ENOV icon
653
Enovis
ENOV
$1.68B
$94.1M 0.03%
733,710
+374,731
+104% +$46.8M
VRSN icon
654
VeriSign
VRSN
$26.2B
$93.7M 0.03%
1,920,316
+1,002,675
+109% +$50M
SM icon
655
SM Energy
SM
$7.8B
$93.5M 0.03%
1,112,344
+556,172
+100% +$42.6M
JBHT icon
656
JB Hunt Transport Services
JBHT
$25.5B
$93.5M 0.03%
1,267,354
+648,039
+105% +$49.1M
LECO icon
657
Lincoln Electric
LECO
$14.2B
$93.5M 0.03%
1,337,822
+668,911
+100% +$45.4M
ALKS icon
658
Alkermes
ALKS
$8.22B
$93.2M 0.03%
1,851,764
+947,550
+105% +$43.7M
UGI icon
659
UGI
UGI
$7.74B
$93.2M 0.03%
2,768,289
+1,384,144
+100% +$43.8M
BR icon
660
Broadridge
BR
$17.8B
$92.7M 0.03%
2,225,630
+1,014,273
+84% +$39.7M
AIZ icon
661
Assurant
AIZ
$13.8B
$92.4M 0.02%
1,409,372
+748,939
+113% +$50.1M
NFX
662
DELISTED
Newfield Exploration
NFX
$92.3M 0.02%
2,087,820
+1,043,910
+100% +$37.4M
ALB icon
663
Albemarle
ALB
$13.9B
$92.2M 0.02%
1,289,574
+651,821
+102% +$44.7M
INGR icon
664
Ingredion
INGR
$6.27B
$92M 0.02%
1,225,996
+612,998
+100% +$44.6M
MD icon
665
Pediatrix Medical
MD
$2.18B
$91.6M 0.02%
1,575,956
+787,978
+100% +$46.4M
HSP
666
DELISTED
HOSPIRA INC
HSP
$90.6M 0.02%
1,764,110
+882,055
+100% +$41.9M
SNPS icon
667
Synopsys
SNPS
$74.4B
$90.6M 0.02%
2,332,744
+1,166,372
+100% +$44.5M
MSCI icon
668
MSCI
MSCI
$41.6B
$90.6M 0.02%
1,974,964
+987,482
+100% +$42.5M
GME icon
669
GameStop
GME
$9.75B
$90.3M 0.02%
8,928,888
+4,367,120
+96% +$42.8M
QCOR
670
DELISTED
QUESTCOR PHARMA INC
QCOR
$90.3M 0.02%
975,914
+517,056
+113% +$44.3M
TEG
671
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
$90.2M 0.02%
1,268,514
+634,257
+100% +$38.1M
PWE
672
DELISTED
Penn West Energy Petroleum Ltd
PWE
$90.1M 0.02%
9,211,068
+5,222,896
+131% +$48.4M
FOSL icon
673
Fossil Group
FOSL
$293M
$90M 0.02%
861,408
+430,704
+100% +$46M
BCE icon
674
BCE
BCE
$20.2B
$90M 0.02%
1,979,746
+854,122
+76% +$38.5M
OI icon
675
O-I Glass
OI
$1.1B
$89.8M 0.02%
2,591,966
+1,360,158
+110% +$45M
25 26
27
28 29

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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.