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 | |
|---|---|---|---|---|---|---|
|
MCRS
676
DELISTED
MICROS SYSTEMS INC
MCRS
| $89.7M | 0.02% |
1,320,962
+660,481
| +100% | +$36.1M |
|
677
Global Payments
GPN
$23B
| $89.6M | 0.02% |
2,460,696
+1,230,348
| +100% | +$42.3M |
|
678
W.P. Carey
WPC
$16.8B
| $89.1M | 0.02% |
1,412,174
+731,918
| +108% | +$44.6M |
|
679
Old Dominion Freight Line
ODFL
$44.1B
| $88.5M | 0.02% |
4,169,718
+2,084,859
| +100% | +$42.1M |
|
680
Jones Lang LaSalle
JLL
$16.3B
| $88.5M | 0.02% |
699,832
+349,916
| +100% | +$42.2M |
|
681
Reliance Steel & Aluminium
RS
$20.7B
| $88.4M | 0.02% |
1,199,128
+599,564
| +100% | +$43.1M |
|
682
Eldorado Gold
EGO
$7.87B
| $88.1M | 0.02% |
2,301,115
+1,178,204
| +105% | +$36.1M |
|
|
HOUS
683
DELISTED
Anywhere Real Estate
HOUS
| $87.9M | 0.02% |
2,329,808
+1,260,431
| +118% | +$48.9M |
|
684
AGCO
AGCO
$7.15B
| $87.8M | 0.02% |
1,562,164
+781,082
| +100% | +$43.1M |
|
685
Alexandria Real Estate Equities
ARE
$8.97B
| $87.8M | 0.02% |
1,130,690
+565,345
| +100% | +$42.4M |
|
|
LPT
686
DELISTED
Liberty Property Trust
LPT
| $87.7M | 0.02% |
2,311,434
+1,209,561
| +110% | +$45.9M |
|
|
QEP
687
DELISTED
QEP RESOURCES, INC.
QEP
| $87.7M | 0.02% |
2,540,946
+1,655,082
| +187% | +$52.3M |
|
688
BlackBerry
BB
$4.98B
| $87.6M | 0.02% |
8,547,836
+4,473,651
| +110% | +$35.3M |
|
689
United Airlines
UAL
$39.4B
| $87.6M | 0.02% |
2,133,354
+1,416,677
| +198% | +$61M |
|
690
Leggett & Platt
LEG
$1.34B
| $87.4M | 0.02% |
2,549,796
+1,334,175
| +110% | +$44.4M |
|
|
ITC
691
DELISTED
ITC HOLDINGS CORP
ITC
| $86.7M | 0.02% |
2,376,872
+1,051,481
| +79% | +$38.8M |
|
692
Carlisle Companies
CSL
$14.3B
| $86.5M | 0.02% |
998,536
+499,268
| +100% | +$41.5M |
|
693
Workday
WDAY
$39.6B
| $86.1M | 0.02% |
957,884
+536,112
| +127% | +$42.2M |
|
694
SPX Corp
SPXC
$11B
| $86M | 0.02% |
3,157,803
+1,578,902
| +100% | +$41M |
|
|
SIVB
695
DELISTED
SVB Financial Group
SIVB
| $85.9M | 0.02% |
736,622
+368,311
| +100% | +$41.1M |
|
|
ERF
696
DELISTED
Enerplus Corporation
ERF
| $85.6M | 0.02% |
3,417,611
+1,708,806
| +100% | +$37.8M |
|
697
Cemex
CX
$17.1B
| $85.2M | 0.02% |
7,246,243
+2,901,599
| +67% | +$33M |
|
698
WEC Energy
WEC
$35.7B
| $85.2M | 0.02% |
1,815,592
+996,488
| +122% | +$46.3M |
|
699
Visteon
VC
$2.79B
| $85M | 0.02% |
876,172
+438,086
| +100% | +$39.7M |
|
700
Factset
FDS
$9.36B
| $85M | 0.02% |
706,554
+353,277
| +100% | +$38.3M |
|
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.