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 |
WFT
Weatherford International plc
WFT
|
+$134M |
| 2 |
Alcoa
AA
|
+$129M |
| 3 |
SWN
Southwestern Energy Company
SWN
|
+$99.6M |
| 4 |
Metallus
MTUS
|
+$92.2M |
| 5 |
Liberty Media Series C
FWONK
|
+$76.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$4.4B |
| 2 |
Blackrock
BLK
|
+$3.79B |
| 3 |
ExxonMobil
XOM
|
+$3.16B |
| 4 |
Microsoft
MSFT
|
+$2.79B |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$2.22B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17% |
| 2 | Technology | 13.81% |
| 3 | Healthcare | 12.74% |
| 4 | Energy | 9.56% |
| 5 | Industrials | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
876
Leidos
LDOS
$14.5B
| $30M | 0.02% |
872,958
-645,232
| -43% | -$23.8M |
|
|
KOG
877
DELISTED
KODIAK OIL & GAS CORP
KOG
| $29.9M | 0.02% |
2,205,249
-2,205,249
| -50% | -$33.1M |
|
|
CYT
878
DELISTED
CYTEC INDS INC
CYT
| $29.9M | 0.02% |
631,816
-539,608
| -46% | -$27.7M |
|
|
BYI
879
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
| $29.9M | 0.02% |
370,242
-370,242
| -50% | -$27M |
|
880
A.O. Smith
AOS
$8.29B
| $29.9M | 0.02% |
1,262,856
-1,180,536
| -48% | -$28.7M |
|
881
Owens Corning
OC
$11.2B
| $29.8M | 0.02% |
937,613
-937,613
| -50% | -$33.1M |
|
882
Myriad Genetics
MYGN
$270M
| $29.8M | 0.02% |
771,536
-535,096
| -41% | -$20M |
|
883
Mercado Libre
MELI
$95.2B
| $29.8M | 0.02% |
273,836
-273,836
| -50% | -$28.5M |
|
|
ATML
884
DELISTED
ATMEL CORP
ATML
| $29.7M | 0.02% |
3,676,494
-3,676,494
| -50% | -$31.8M |
|
885
ASML
ASML
$626B
| $29.7M | 0.02% |
300,403
-300,403
| -50% | -$28.3M |
|
|
UNT
886
DELISTED
UNIT Corporation
UNT
| $29.5M | 0.02% |
503,633
-467,995
| -48% | -$30.1M |
|
|
CIE
887
DELISTED
Cobalt International Energy, Inc
CIE
| $29.5M | 0.02% |
144,761
-144,760
| -50% | -$33.6M |
|
888
Diamondback Energy
FANG
$57.1B
| $29.5M | 0.02% |
394,710
-314,710
| -44% | -$25.5M |
|
|
WCC
889
WESCO International
WCC
$16.7B
| $29.5M | 0.02% |
376,365
-352,513
| -48% | -$29.2M |
|
890
Cognex
CGNX
$10.9B
| $29.4M | 0.02% |
1,461,362
-1,499,958
| -51% | -$31M |
|
891
Teledyne Technologies
TDY
$30.4B
| $29.4M | 0.02% |
312,391
-312,391
| -50% | -$29.9M |
|
892
Brinker International
EAT
$9.17B
| $29.4M | 0.02% |
577,965
-635,135
| -52% | -$30.5M |
|
|
AHL
893
DELISTED
ASPEN Insurance Holding Limited
AHL
| $29.3M | 0.02% |
685,684
-592,792
| -46% | -$25.2M |
|
|
TUP
894
DELISTED
Tupperware Brands Corporation
TUP
| $29.3M | 0.02% |
424,585
-424,585
| -50% | -$32.3M |
|
|
SIX
895
DELISTED
Six Flags Entertainment Corp.
SIX
| $29.3M | 0.02% |
852,102
-852,102
| -50% | -$32M |
|
|
WNR
896
DELISTED
Western Refining Inc
WNR
| $29.3M | 0.02% |
696,669
-888,909
| -56% | -$38.4M |
|
|
WPX
897
DELISTED
WPX Energy, Inc.
WPX
| $29.2M | 0.02% |
1,215,410
-1,136,670
| -48% | -$26.9M |
|
898
Ionis Pharmaceuticals
IONS
$8.6B
| $29.2M | 0.02% |
752,077
-752,077
| -50% | -$26.7M |
|
|
XLS
899
DELISTED
EXELIS INC COM STK
XLS
| $29.2M | 0.02% |
1,765,602
-2,016,317
| -53% | -$32.8M |
|
900
Equity Lifestyle Properties
ELS
$12.6B
| $29.2M | 0.02% |
1,378,666
-1,459,462
| -51% | -$32.4M |
|
Similar funds
Norges Bank's Q3 2014 Portfolio in Review
As of Q3 2014, Norges Bank held 2,360 positions worth $185B, down 50% from $371B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Norges Bank withdrew a net $184B in Q3 2014, closing 32 positions and reducing 2,169 holdings. Its most notable exit was Deutsche Bank, an estimated $1.74B position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Norges Bank opened a new position in Metallus worth $92.8M.
- Norges Bank's largest Q3 2014 buy was Metallus: 1,996,282 shares worth $92.8M.
- Norges Bank added most to Weatherford International plc in Q3 2014, an estimated $134M increase.
- Norges Bank's biggest Q3 2014 reduction was Apple, cutting an estimated $4.4B.
- Norges Bank fully exited Deutsche Bank in Q3 2014, selling an estimated $1.74B.
- Norges Bank's ten largest holdings make up 15% of its $185B portfolio in Q3 2014.
- Norges Bank opened 110 new positions and closed 32 in Q3 2014.
- Norges Bank's portfolio value fell 50% quarter-over-quarter to $185B.
Based on Norges Bank's 13F filing for Q3 2014, filed 7 Nov 2014.