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 | |
|---|---|---|---|---|---|---|
726
Jabil
JBL
$33B
| $81M | 0.02% |
3,875,432
+2,162,080
| +126% | +$40.2M |
|
727
Community Health Systems
CYH
$393M
| $80.9M | 0.02% |
2,158,006
+1,079,003
| +100% | +$35.9M |
|
|
DISCK
728
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $80.9M | 0.02% |
2,227,912
+1,142,548
| +105% | +$41.9M |
|
729
AutoNation
AN
$7.11B
| $80.4M | 0.02% |
1,347,382
+673,871
| +100% | +$37.3M |
|
730
Mid-America Apartment Communities
MAA
$15.4B
| $80.3M | 0.02% |
1,098,712
+450,234
| +69% | +$31.8M |
|
|
GXP
731
DELISTED
Great Plains Energy Incorporated
GXP
| $80.1M | 0.02% |
2,982,510
+1,491,255
| +100% | +$39M |
|
732
Dentsply Sirona
XRAY
$2.68B
| $79.8M | 0.02% |
1,684,302
+931,997
| +124% | +$43.4M |
|
733
Atmos Energy
ATO
$28.8B
| $79.7M | 0.02% |
1,492,434
+746,217
| +100% | +$37.7M |
|
|
CIE
734
DELISTED
Cobalt International Energy, Inc
CIE
| $79.7M | 0.02% |
289,521
+167,080
| +136% | +$45.6M |
|
735
NVR
NVR
$16.5B
| $79.6M | 0.02% |
69,152
+34,576
| +100% | +$38.6M |
|
736
Oshkosh
OSK
$8.79B
| $79.4M | 0.02% |
1,430,544
+715,272
| +100% | +$39.5M |
|
|
GWR
737
DELISTED
Genesee & Wyoming Inc.
GWR
| $79.3M | 0.02% |
755,148
+377,574
| +100% | +$37.1M |
|
738
Old Republic International
ORI
$10.5B
| $79.1M | 0.02% |
4,780,078
+2,537,764
| +113% | +$42.4M |
|
|
WR
739
DELISTED
Westar Energy Inc
WR
| $78.9M | 0.02% |
2,065,434
+1,032,717
| +100% | +$37M |
|
740
Cullen/Frost Bankers
CFR
$10.3B
| $78.9M | 0.02% |
993,034
+496,517
| +100% | +$38.2M |
|
741
Cadence Design Systems
CDNS
$93.6B
| $78.7M | 0.02% |
4,499,748
+2,249,874
| +100% | +$36M |
|
742
Nucor
NUE
$58.6B
| $78.5M | 0.02% |
1,594,660
+758,615
| +91% | +$38.9M |
|
743
Arch Capital
ACGL
$34.3B
| $78.5M | 0.02% |
4,097,502
+3,888,033
| +1,856% | +$74M |
|
|
TEN
744
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $77.8M | 0.02% |
1,184,820
+592,410
| +100% | +$36.7M |
|
|
DRC
745
DELISTED
DRESSER-RAND GROUP INC
DRC
| $77.8M | 0.02% |
1,220,830
+610,415
| +100% | +$37.3M |
|
|
CVD
746
DELISTED
COVANCE INC.
CVD
| $77.6M | 0.02% |
906,904
+453,452
| +100% | +$40.4M |
|
747
Graco
GGG
$12.9B
| $77.4M | 0.02% |
2,972,292
+1,486,146
| +100% | +$36.7M |
|
748
NewMarket
NEU
$7.82B
| $77M | 0.02% |
196,454
+106,027
| +117% | +$40.9M |
|
749
ATI
ATI
$25.6B
| $77M | 0.02% |
1,707,778
+873,511
| +105% | +$35.8M |
|
750
Stratasys
SSYS
$679M
| $77M | 0.02% |
677,212
+359,824
| +113% | +$35.3M |
|
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.