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 | |
|---|---|---|---|---|---|---|
|
CRZO
1051
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $48.4M | 0.01% |
699,282
+215,470
| +45% | +$12.5M |
|
1052
Unum
UNM
$13.6B
| $48.3M | 0.01% |
1,390,208
+1,070,241
| +334% | +$36.5M |
|
1053
Invesco Mortgage Capital
IVR
$759M
| $48.3M | 0.01% |
277,996
+123,798
| +80% | +$21.2M |
|
1054
Watsco Inc
WSO
$12.7B
| $48.1M | 0.01% |
468,584
+234,292
| +100% | +$23.7M |
|
|
TAHO
1055
DELISTED
Tahoe Resources Inc
TAHO
| $48.1M | 0.01% |
1,834,954
+917,477
| +100% | +$20.5M |
|
1056
Primerica
PRI
$9.98B
| $48M | 0.01% |
1,003,398
+501,699
| +100% | +$23M |
|
1057
Bank of Hawaii
BOH
$3.15B
| $47.9M | 0.01% |
816,930
+408,465
| +100% | +$23.3M |
|
|
CTB
1058
DELISTED
Cooper Tire & Rubber Co.
CTB
| $47.7M | 0.01% |
1,590,746
+795,373
| +100% | +$21.6M |
|
|
GEVA
1059
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $47.6M | 0.01% |
454,402
+227,201
| +100% | +$19.3M |
|
|
TCF
1060
DELISTED
TCF Financial Corporation
TCF
| $47.6M | 0.01% |
2,907,234
+1,453,617
| +100% | +$23.3M |
|
1061
Silgan Holdings
SLGN
$4.23B
| $47.6M | 0.01% |
1,872,240
+936,120
| +100% | +$23.2M |
|
1062
Sun Life Financial
SLF
$46B
| $47.4M | 0.01% |
1,287,620
+474,000
| +58% | +$16.3M |
|
|
SYA
1063
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $47.4M | 0.01% |
2,083,912
+1,073,345
| +106% | +$22.5M |
|
1064
Olin
OLN
$2.11B
| $47.3M | 0.01% |
1,757,932
+1,197,310
| +214% | +$33.1M |
|
|
UNS
1065
DELISTED
UNS ENERGY CORP COM
UNS
| $47.1M | 0.01% |
779,842
+188,696
| +32% | +$11.4M |
|
1066
RB Global
RBA
$20.4B
| $47.1M | 0.01% |
1,906,836
+997,025
| +110% | +$23.7M |
|
|
EVHC
1067
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $47M | 0.01% |
437,560
+417,142
| +2,043% | +$42.9M |
|
1068
Portland General Electric
POR
$5.8B
| $46.9M | 0.01% |
1,353,580
+676,790
| +100% | +$22.3M |
|
|
NATI
1069
DELISTED
National Instruments Corp
NATI
| $46.7M | 0.01% |
1,442,796
+668,814
| +86% | +$19.2M |
|
1070
Toll Brothers
TOL
$13.6B
| $46.7M | 0.01% |
1,265,302
+674,341
| +114% | +$23.9M |
|
|
N
1071
DELISTED
Netsuite Inc
N
| $46.7M | 0.01% |
537,198
+268,599
| +100% | +$21.7M |
|
1072
Altisource Portfolio Solutions
ASPS
$63.6M
| $46.6M | 0.01% |
50,872
+25,436
| +100% | +$22.7M |
|
1073
Spectrum Brands
SPB
$2.04B
| $46.6M | 0.01% |
541,422
+270,711
| +100% | +$21.1M |
|
1074
EPR Properties
EPR
$4.76B
| $46.6M | 0.01% |
833,446
+416,723
| +100% | +$22.6M |
|
|
BID
1075
DELISTED
Sotheby's
BID
| $46.6M | 0.01% |
1,108,684
+554,342
| +100% | +$22.6M |
|
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.