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 | |
|---|---|---|---|---|---|---|
|
ESL
926
DELISTED
Esterline Technologies
ESL
| $56.9M | 0.02% |
493,974
+214,241
| +77% | +$23.6M |
|
927
Cognex
CGNX
$10.9B
| $56.9M | 0.02% |
2,961,320
+1,408,860
| +91% | +$24.9M |
|
|
CYN
928
DELISTED
CITY NATIONAL CORPORATION
CYN
| $56.8M | 0.02% |
749,180
+374,590
| +100% | +$27.8M |
|
929
Deckers Outdoor
DECK
$13.2B
| $56.8M | 0.02% |
3,944,112
+1,972,056
| +100% | +$26.2M |
|
930
Archrock
AROC
$6.27B
| $56.6M | 0.02% |
1,259,032
+497,587
| +65% | +$21.5M |
|
931
Prosperity Bancshares
PB
$8.97B
| $56.5M | 0.02% |
902,888
+413,914
| +85% | +$25.1M |
|
932
Santander
BSBR
$42.5B
| $56.5M | 0.02% |
8,519,717
+3,792,396
| +80% | +$23.6M |
|
|
FCE.A
933
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $56.4M | 0.02% |
2,840,582
+1,420,291
| +100% | +$27.1M |
|
934
American Financial Group
AFG
$11.8B
| $56.4M | 0.02% |
946,820
+456,228
| +93% | +$26.6M |
|
|
WCG
935
DELISTED
Wellcare Health Plans, Inc.
WCG
| $56.4M | 0.02% |
755,212
+377,606
| +100% | +$26.9M |
|
|
WPX
936
DELISTED
WPX Energy, Inc.
WPX
| $56.2M | 0.02% |
2,352,080
+1,176,040
| +100% | +$25M |
|
937
Palo Alto Networks
PANW
$270B
| $56.1M | 0.02% |
4,011,552
+3,860,814
| +2,561% | +$45.1M |
|
938
Itaú Unibanco
ITUB
$93.2B
| $56M | 0.02% |
9,721,343
+1,556,288
| +19% | +$9.16M |
|
939
ASML
ASML
$626B
| $56M | 0.02% |
600,806
+300,403
| +100% | +$25.9M |
|
|
EQC
940
DELISTED
Equity Commonwealth
EQC
| $56M | 0.02% |
2,127,720
+1,063,860
| +100% | +$28M |
|
|
PAY
941
DELISTED
Verifone Systems Inc
PAY
| $55.9M | 0.02% |
1,520,868
+558,018
| +58% | +$19M |
|
|
URS
942
DELISTED
URS CORP
URS
| $55.9M | 0.02% |
1,218,340
+609,170
| +100% | +$28.1M |
|
|
FMER
943
DELISTED
FIRSTMERIT CORP
FMER
| $55.7M | 0.02% |
2,820,984
+1,410,492
| +100% | +$27.6M |
|
|
LGF
944
DELISTED
Lions Gate Entertainment
LGF
| $55.6M | 0.02% |
1,944,986
+972,493
| +100% | +$26.2M |
|
|
AAN.A
945
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $55.5M | 0.02% |
1,556,916
+907,173
| +140% | +$32.3M |
|
946
Compass Minerals
CMP
$1.23B
| $55.4M | 0.02% |
578,972
+344,486
| +147% | +$31.1M |
|
947
Helix Energy Solutions
HLX
$1.4B
| $55.4M | 0.01% |
2,105,522
+1,018,761
| +94% | +$24.2M |
|
|
UMPQ
948
DELISTED
Umpqua Holdings Corp
UMPQ
| $55.4M | 0.01% |
3,088,856
+2,049,024
| +197% | +$35.6M |
|
949
WEX
WEX
$6.37B
| $55.3M | 0.01% |
527,138
+196,983
| +60% | +$18.8M |
|
950
Aecom
ACM
$9.3B
| $55.3M | 0.01% |
1,718,296
+859,148
| +100% | +$27.7M |
|
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.