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 | |
|---|---|---|---|---|---|---|
|
CHS
1026
DELISTED
Chicos FAS, Inc.
CHS
| $49.9M | 0.01% |
2,939,964
+1,469,982
| +100% | +$23.5M |
|
1027
Associated Banc-Corp
ASB
$5.83B
| $49.7M | 0.01% |
2,747,284
+1,267,370
| +86% | +$22.3M |
|
|
CVSA
1028
Covista Inc
CVSA
$4.25B
| $49.6M | 0.01% |
1,171,420
+585,710
| +100% | +$24.9M |
|
|
RVBD
1029
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $49.5M | 0.01% |
2,400,476
+959,502
| +67% | +$19M |
|
|
NGD
1030
DELISTED
New Gold Inc
NGD
| $49.5M | 0.01% |
7,783,698
+3,891,849
| +100% | +$21M |
|
1031
Webster Financial
WBS
$12.5B
| $49.5M | 0.01% |
1,567,852
+783,926
| +100% | +$23.9M |
|
|
X
1032
DELISTED
US Steel
X
| $49.3M | 0.01% |
1,893,992
+1,022,926
| +117% | +$26.1M |
|
|
ALR
1033
DELISTED
Alere Inc
ALR
| $49.3M | 0.01% |
1,316,842
+658,421
| +100% | +$23.4M |
|
1034
TotalEnergies
TTE
$195B
| $49.3M | 0.01% |
682,200
+341,100
| +100% | +$23.9M |
|
|
SF
1035
Stifel
SF
$12.6B
| $49.2M | 0.01% |
2,339,276
+1,169,638
| +100% | +$24.1M |
|
1036
Manhattan Associates
MANH
$11.2B
| $49.2M | 0.01% |
1,429,480
+689,740
| +93% | +$22.8M |
|
1037
ScottsMiracle-Gro
SMG
$3.82B
| $49.1M | 0.01% |
863,480
+431,740
| +100% | +$25.8M |
|
|
SFG
1038
DELISTED
STANCORP FINL GRP
SFG
| $49M | 0.01% |
765,948
+382,974
| +100% | +$23.8M |
|
1039
Civeo
CVEO
$345M
| $49M | 0.01% |
+163,167
| New | +$48.8M |
|
1040
First Horizon
FHN
$12.2B
| $49M | 0.01% |
4,131,288
+1,971,644
| +91% | +$23.1M |
|
|
PPS
1041
DELISTED
Post Properties
PPS
| $49M | 0.01% |
915,662
+435,731
| +91% | +$22.3M |
|
1042
ONE Gas
OGS
$4.87B
| $48.9M | 0.01% |
1,296,242
+930,932
| +255% | +$34.1M |
|
1043
Casey's General Stores
CASY
$32.2B
| $48.9M | 0.01% |
695,242
+347,621
| +100% | +$24M |
|
1044
Federated Hermes
FHI
$4.55B
| $48.9M | 0.01% |
1,580,418
+736,342
| +87% | +$21.4M |
|
|
ASNA
1045
DELISTED
Ascena Retail Group, Inc.
ASNA
| $48.8M | 0.01% |
142,687
+76,343
| +115% | +$26.1M |
|
1046
Viavi Solutions
VIAV
$9.12B
| $48.8M | 0.01% |
6,878,657
+3,564,275
| +108% | +$24.2M |
|
|
BYI
1047
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
| $48.7M | 0.01% |
740,484
+389,626
| +111% | +$24.3M |
|
1048
Align Technology
ALGN
$12.1B
| $48.6M | 0.01% |
866,702
+488,855
| +129% | +$25.4M |
|
|
TECD
1049
DELISTED
Tech Data Corp
TECD
| $48.6M | 0.01% |
776,858
+403,810
| +108% | +$25M |
|
|
KS
1050
DELISTED
KapStone Paper and Pack Corp.
KS
| $48.5M | 0.01% |
1,462,504
+867,452
| +146% | +$24.6M |
|
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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.