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 | |
|---|---|---|---|---|---|---|
1001
Ionis Pharmaceuticals
IONS
$8.6B
| $51.8M | 0.01% |
1,504,154
+752,077
| +100% | +$23.7M |
|
|
SGY
1002
DELISTED
Stone Energy
SGY
| $51.7M | 0.01% |
19,465
+13,237
| +213% | +$33.4M |
|
1003
Steris
STE
$22.3B
| $51.7M | 0.01% |
967,304
+483,652
| +100% | +$24.9M |
|
1004
Fortinet
FTNT
$119B
| $51.7M | 0.01% |
10,285,190
+5,142,595
| +100% | +$23M |
|
1005
Douglas Emmett
DEI
$1.98B
| $51.7M | 0.01% |
1,831,308
+915,654
| +100% | +$25.5M |
|
1006
Valmont Industries
VMI
$9.3B
| $51.4M | 0.01% |
338,582
+169,291
| +100% | +$26.1M |
|
1007
Idacorp
IDA
$8.27B
| $51.4M | 0.01% |
888,658
+444,329
| +100% | +$24.5M |
|
1008
Tyler Technologies
TYL
$12.7B
| $51.3M | 0.01% |
562,326
+272,663
| +94% | +$22.1M |
|
1009
Icon
ICLR
$12.6B
| $51.2M | 0.01% |
+1,087,826
| New | +$47M |
|
|
ENIA
1010
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $51.2M | 0.01% |
5,632,923
+2,816,462
| +100% | +$24.5M |
|
|
CST
1011
DELISTED
CST Brands, Inc.
CST
| $51M | 0.01% |
1,476,854
+660,727
| +81% | +$21.5M |
|
1012
Genpact
G
$5.96B
| $50.9M | 0.01% |
2,904,342
+1,452,171
| +100% | +$24.8M |
|
1013
PRA Group
PRAA
$663M
| $50.9M | 0.01% |
855,132
+427,566
| +100% | +$24.4M |
|
1014
Hanover Insurance
THG
$8.1B
| $50.9M | 0.01% |
805,716
+402,858
| +100% | +$24.5M |
|
1015
Myriad Genetics
MYGN
$270M
| $50.9M | 0.01% |
1,306,632
+653,316
| +100% | +$24.3M |
|
1016
Ryman Hospitality Properties
RHP
$8.43B
| $50.8M | 0.01% |
1,055,208
+527,604
| +100% | +$24.2M |
|
1017
MannKind Corp
MNKD
$1.21B
| $50.7M | 0.01% |
923,083
+599,141
| +185% | +$24M |
|
|
TRQ
1018
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $50.7M | 0.01% |
1,513,082
+854,577
| +130% | +$31.6M |
|
|
MW
1019
DELISTED
THE MENS WAREHOUSE INC
MW
| $50.4M | 0.01% |
903,846
+451,923
| +100% | +$23M |
|
|
SINA
1020
DELISTED
Sina Corp
SINA
| $50.3M | 0.01% |
1,010,108
+505,054
| +100% | +$24.8M |
|
|
PNY
1021
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $50.1M | 0.01% |
1,340,396
+670,198
| +100% | +$24M |
|
1022
First American
FAF
$7.66B
| $50.1M | 0.01% |
1,802,538
+901,269
| +100% | +$24.6M |
|
|
CNW
1023
DELISTED
CON-WAY INC.
CNW
| $50M | 0.01% |
992,086
+496,043
| +100% | +$22.3M |
|
1024
Emcor
EME
$35.2B
| $49.9M | 0.01% |
1,121,512
+560,756
| +100% | +$25.4M |
|
1025
Moog Inc Class A
MOG.A
$12.4B
| $49.9M | 0.01% |
684,476
+342,238
| +100% | +$23.5M |
|
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.