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 | |
|---|---|---|---|---|---|---|
1076
Helix Energy Solutions
HLX
$1.4B
| $21.8M | 0.01% |
987,175
-1,118,347
| -53% | -$28.5M |
|
|
ANN
1077
DELISTED
ANN INC
ANN
| $21.7M | 0.01% |
528,580
-528,580
| -50% | -$20.9M |
|
1078
Portland General Electric
POR
$5.8B
| $21.7M | 0.01% |
676,790
-676,790
| -50% | -$22.5M |
|
|
WCG
1079
DELISTED
Wellcare Health Plans, Inc.
WCG
| $21.7M | 0.01% |
360,201
-395,011
| -52% | -$26.2M |
|
1080
Ziff Davis
ZD
$1.96B
| $21.7M | 0.01% |
506,262
-506,262
| -50% | -$22.5M |
|
|
CHS
1081
DELISTED
Chicos FAS, Inc.
CHS
| $21.7M | 0.01% |
1,469,982
-1,469,982
| -50% | -$23.2M |
|
|
ACH
1082
Accendra Health
ACH
$237M
| $21.7M | 0.01% |
663,095
-663,095
| -50% | -$22.6M |
|
1083
Cracker Barrel
CBRL
$1.26B
| $21.7M | 0.01% |
210,232
-210,232
| -50% | -$21M |
|
|
AIFU
1084
AIFU Inc
AIFU
$206M
| $21.5M | 0.01% |
9,788
-9,787
| -50% | -$25.7M |
|
1085
GATX Corp
GATX
$6.35B
| $21.5M | 0.01% |
368,457
-412,711
| -53% | -$26.6M |
|
|
PPS
1086
DELISTED
Post Properties
PPS
| $21.5M | 0.01% |
418,891
-496,771
| -54% | -$26.9M |
|
|
ASNA
1087
DELISTED
Ascena Retail Group, Inc.
ASNA
| $21.5M | 0.01% |
80,652
-62,035
| -43% | -$20.3M |
|
1088
RPC Inc
RES
$1.24B
| $21.5M | 0.01% |
976,819
-911,379
| -48% | -$20.4M |
|
1089
Hyatt Hotels
H
$16.4B
| $21.4M | 0.01% |
354,187
-354,187
| -50% | -$21.6M |
|
1090
RB Global
RBA
$20.4B
| $21.4M | 0.01% |
953,418
-953,418
| -50% | -$22.7M |
|
1091
H.B. Fuller
FUL
$2.97B
| $21.4M | 0.01% |
539,274
-219,700
| -29% | -$10M |
|
|
ARUN
1092
DELISTED
ARUBA NETWORKS, INC.
ARUN
| $21.4M | 0.01% |
991,774
-1,075,786
| -52% | -$21.1M |
|
|
CTB
1093
DELISTED
Cooper Tire & Rubber Co.
CTB
| $21.4M | 0.01% |
745,701
-845,045
| -53% | -$25.2M |
|
|
ANAT
1094
DELISTED
American National Group, Inc. Common Stock
ANAT
| $21.4M | 0.01% |
190,257
-190,257
| -50% | -$21.5M |
|
|
MW
1095
DELISTED
THE MENS WAREHOUSE INC
MW
| $21.3M | 0.01% |
451,923
-451,923
| -50% | -$24.1M |
|
1096
Pool Corp
POOL
$6.75B
| $21.3M | 0.01% |
395,556
-395,556
| -50% | -$22M |
|
1097
Guidewire Software
GWRE
$12.6B
| $21.3M | 0.01% |
479,826
-479,826
| -50% | -$20.3M |
|
|
TCF
1098
DELISTED
TCF Financial Corporation
TCF
| $21.3M | 0.01% |
1,368,459
-1,538,775
| -53% | -$24.6M |
|
1099
World Kinect Corp
WKC
$2.04B
| $21.2M | 0.01% |
531,167
-580,501
| -52% | -$26M |
|
1100
Sunstone Hotel Investors
SHO
$2.19B
| $21.1M | 0.01% |
1,526,084
-1,364,140
| -47% | -$19.8M |
|
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.