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 | |
|---|---|---|---|---|---|---|
|
HRC
951
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $55.2M | 0.01% |
1,329,486
+794,044
| +148% | +$30.9M |
|
|
CAB
952
DELISTED
Cabela's Inc
CAB
| $55M | 0.01% |
880,768
+440,384
| +100% | +$27.9M |
|
953
Groupon
GRPN
$1.05B
| $54.9M | 0.01% |
414,545
+333,301
| +410% | +$43.9M |
|
|
MFA
954
MFA Financial
MFA
$926M
| $54.8M | 0.01% |
1,667,437
+932,882
| +127% | +$30.2M |
|
955
World Kinect Corp
WKC
$2.04B
| $54.7M | 0.01% |
1,111,668
+528,762
| +91% | +$24.2M |
|
|
SNV
956
DELISTED
Synovus
SNV
| $54.7M | 0.01% |
2,244,718
+1,122,358
| +100% | +$26.2M |
|
957
Deluxe
DLX
$1.18B
| $54.7M | 0.01% |
934,070
+467,035
| +100% | +$25.5M |
|
|
HSNI
958
DELISTED
HSN, Inc.
HSNI
| $54.7M | 0.01% |
923,552
+461,776
| +100% | +$26.2M |
|
|
HME
959
DELISTED
HOME PROPERTIES, INC
HME
| $54.7M | 0.01% |
854,898
+427,449
| +100% | +$26.3M |
|
|
ITMN
960
DELISTED
INTERMUNE INC
ITMN
| $54.6M | 0.01% |
1,237,228
+618,614
| +100% | +$22.8M |
|
961
United Natural Foods
UNFI
$3.08B
| $54.6M | 0.01% |
838,786
+419,393
| +100% | +$28M |
|
|
GNC
962
DELISTED
GNC Holdings, Inc.
GNC
| $54.6M | 0.01% |
1,600,878
+800,439
| +100% | +$31.9M |
|
|
BIG
963
DELISTED
Big Lots, Inc.
BIG
| $54.6M | 0.01% |
1,194,130
+659,065
| +123% | +$26.8M |
|
964
U-Haul Holding Co
UHAL
$13.9B
| $54.5M | 0.01% |
1,874,300
+937,150
| +100% | +$24.8M |
|
|
AZPN
965
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $54.4M | 0.01% |
1,173,372
+406,550
| +53% | +$18.9M |
|
|
TIBX
966
DELISTED
TIBCO SOFTWARE INC
TIBX
| $54.4M | 0.01% |
2,694,942
+1,347,471
| +100% | +$26.9M |
|
967
John Wiley & Sons Class A
WLY
$2.65B
| $54.3M | 0.01% |
896,594
+448,297
| +100% | +$25.5M |
|
|
SAFM
968
DELISTED
Sanderson Farms Inc
SAFM
| $54.2M | 0.01% |
557,654
+278,827
| +100% | +$24.1M |
|
|
WRI
969
DELISTED
Weingarten Realty Investors
WRI
| $54.2M | 0.01% |
1,649,372
+858,019
| +108% | +$27M |
|
970
Wendy's
WEN
$1.4B
| $53.9M | 0.01% |
6,322,998
+3,161,499
| +100% | +$26.6M |
|
971
RLJ Lodging Trust
RLJ
$1.86B
| $53.9M | 0.01% |
1,865,954
+932,977
| +100% | +$25.3M |
|
|
CRR
972
DELISTED
Carbo Ceramics Inc.
CRR
| $53.9M | 0.01% |
349,510
+174,755
| +100% | +$24.1M |
|
|
CBL
973
DELISTED
CBL& Associates Properties, Inc.
CBL
| $53.8M | 0.01% |
2,830,838
+1,471,757
| +108% | +$27.2M |
|
|
CPHD
974
DELISTED
Cepheid Inc
CPHD
| $53.7M | 0.01% |
1,120,604
+560,302
| +100% | +$25.4M |
|
|
AIFU
975
AIFU Inc
AIFU
$206M
| $53.7M | 0.01% |
19,575
+9,787
| +100% | +$27.1M |
|
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.