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 | |
|---|---|---|---|---|---|---|
826
Lamar Advertising Co
LAMR
$16.2B
| $67.1M | 0.02% |
1,265,744
+632,872
| +100% | +$32M |
|
827
CNO Financial Group
CNO
$5.14B
| $67M | 0.02% |
3,765,942
+1,882,971
| +100% | +$32.1M |
|
|
INVX
828
Innovex International
INVX
$1.96B
| $66.9M | 0.02% |
612,634
+306,317
| +100% | +$32.9M |
|
|
UNT
829
DELISTED
UNIT Corporation
UNT
| $66.9M | 0.02% |
971,628
+485,814
| +100% | +$31.7M |
|
830
ON Semiconductor
ON
$31.8B
| $66.8M | 0.02% |
7,307,542
+3,653,771
| +100% | +$33.3M |
|
831
Carter's
CRI
$1.42B
| $66.7M | 0.02% |
967,750
+483,875
| +100% | +$35.1M |
|
|
ATW
832
DELISTED
Atwood Oceanics
ATW
| $66.6M | 0.02% |
1,269,224
+634,612
| +100% | +$31.3M |
|
833
Toro Company
TTC
$8.75B
| $66.4M | 0.02% |
2,087,412
+1,043,706
| +100% | +$33.3M |
|
834
Teleflex
TFX
$6.05B
| $66.3M | 0.02% |
628,008
+326,036
| +108% | +$34.2M |
|
|
SVC
835
Service Properties Trust
SVC
$1.04B
| $65.9M | 0.02% |
436,365
+218,183
| +100% | +$31.9M |
|
836
Rayonier
RYN
$6.55B
| $65.2M | 0.02% |
2,022,764
+765,986
| +61% | +$24M |
|
837
Cinemark Holdings
CNK
$4.24B
| $65.1M | 0.02% |
1,842,242
+921,121
| +100% | +$28.2M |
|
|
ACC
838
DELISTED
American Campus Communities, Inc.
ACC
| $65M | 0.02% |
1,699,632
+849,816
| +100% | +$32.5M |
|
839
Carpenter Technology
CRS
$25.8B
| $64.9M | 0.02% |
1,026,714
+453,157
| +79% | +$28.8M |
|
|
VR
840
DELISTED
Validus Hold Ltd
VR
| $64.9M | 0.02% |
1,697,642
+848,821
| +100% | +$31.6M |
|
841
Cabot Corp
CBT
$4.54B
| $64.6M | 0.02% |
1,113,452
+639,571
| +135% | +$37.3M |
|
842
lululemon athletica
LULU
$13.5B
| $64.4M | 0.02% |
1,591,652
+795,826
| +100% | +$36.3M |
|
843
Yelp
YELP
$1.45B
| $64.3M | 0.02% |
839,180
+645,440
| +333% | +$42M |
|
844
Alnylam Pharmaceuticals
ALNY
$27.5B
| $64.2M | 0.02% |
1,016,260
+622,369
| +158% | +$37M |
|
|
KOG
845
DELISTED
KODIAK OIL & GAS CORP
KOG
| $64.2M | 0.02% |
4,410,498
+2,205,249
| +100% | +$28.7M |
|
|
BMR
846
DELISTED
BIOMED REALTY TRUST INC
BMR
| $64.1M | 0.02% |
2,938,060
+1,469,030
| +100% | +$31.2M |
|
|
AXE
847
DELISTED
Anixter International Inc
AXE
| $63.9M | 0.02% |
638,156
+344,933
| +118% | +$34M |
|
848
Nordson
NDSN
$16.6B
| $63.8M | 0.02% |
795,866
+397,933
| +100% | +$30.6M |
|
849
Service Corp International
SCI
$11.7B
| $63.8M | 0.02% |
3,078,084
+1,480,333
| +93% | +$28.9M |
|
|
PGH
850
DELISTED
Pengrowth Energy Corporation
PGH
| $63.6M | 0.02% |
8,857,778
+4,271,605
| +93% | +$27.9M |
|
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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.