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 | |
|---|---|---|---|---|---|---|
|
FEIC
926
DELISTED
FEI COMPANY
FEIC
| $27.9M | 0.02% |
369,772
-266,242
| -42% | -$22.4M |
|
|
WRI
927
DELISTED
Weingarten Realty Investors
WRI
| $27.8M | 0.02% |
883,798
-765,574
| -46% | -$25.5M |
|
|
CIM
928
Chimera Investment
CIM
$1.04B
| $27.8M | 0.02% |
610,307
-610,307
| -50% | -$29.4M |
|
|
FCE.A
929
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $27.8M | 0.02% |
1,420,291
-1,420,291
| -50% | -$28.4M |
|
|
RFMD
930
DELISTED
RF MICRO DEVICES INC
RFMD
| $27.8M | 0.02% |
2,405,405
-1,844,811
| -43% | -$20.8M |
|
931
Terex
TEX
$7.18B
| $27.7M | 0.02% |
873,318
-873,318
| -50% | -$31.9M |
|
|
APOL
932
DELISTED
Apollo Education Group Inc Class A
APOL
| $27.7M | 0.02% |
1,103,008
-1,103,008
| -50% | -$30.7M |
|
|
ATW
933
DELISTED
Atwood Oceanics
ATW
| $27.7M | 0.02% |
634,612
-634,612
| -50% | -$30.4M |
|
934
ONE Gas
OGS
$4.87B
| $27.7M | 0.02% |
808,593
-487,649
| -38% | -$17.8M |
|
935
Groupon
GRPN
$1.05B
| $27.7M | 0.02% |
207,272
-207,273
| -50% | -$27M |
|
|
SYA
936
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $27.7M | 0.02% |
1,186,675
-897,237
| -43% | -$20.9M |
|
937
American Eagle Outfitters
AEO
$2.88B
| $27.6M | 0.02% |
1,904,187
-2,065,489
| -52% | -$25.4M |
|
938
Synchrony
SYF
$24.7B
| $27.6M | 0.02% |
+1,124,816
| New | +$27.5M |
|
|
TRQ
939
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $27.5M | 0.01% |
731,190
-781,892
| -52% | -$27.5M |
|
|
HRC
940
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $27.5M | 0.01% |
664,743
-664,743
| -50% | -$27.9M |
|
941
Charles River Laboratories
CRL
$11.2B
| $27.5M | 0.01% |
459,725
-356,929
| -44% | -$20.4M |
|
|
SCTY
942
DELISTED
SolarCity Corporation
SCTY
| $27.4M | 0.01% |
460,108
-368,738
| -44% | -$25.4M |
|
943
American Financial Group
AFG
$11.8B
| $27.4M | 0.01% |
473,410
-473,410
| -50% | -$27.7M |
|
|
INVX
944
Innovex International
INVX
$1.96B
| $27.4M | 0.01% |
306,317
-306,317
| -50% | -$30.5M |
|
|
EQC
945
DELISTED
Equity Commonwealth
EQC
| $27.4M | 0.01% |
1,063,860
-1,063,860
| -50% | -$28.3M |
|
946
Murphy USA
MUSA
$11.2B
| $27.3M | 0.01% |
514,964
-405,340
| -44% | -$21M |
|
|
TGI
947
DELISTED
Triumph Group
TGI
| $27.3M | 0.01% |
419,984
-419,984
| -50% | -$28.1M |
|
948
EnerSys
ENS
$6.78B
| $27.3M | 0.01% |
464,983
-716,491
| -61% | -$45.8M |
|
|
LPNT
949
DELISTED
LifePoint Health, Inc.
LPNT
| $27.3M | 0.01% |
394,007
-449,963
| -53% | -$31.6M |
|
950
Chord Energy
CHRD
$7.9B
| $27.2M | 0.01% |
651,000
-558,150
| -46% | -$27.8M |
|
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.