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 | |
|---|---|---|---|---|---|---|
|
RPAI
1126
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $42.5M | 0.01% |
+2,761,654
| New | +$40.6M |
|
1127
MGIC Investment
MTG
$6.16B
| $42.4M | 0.01% |
4,592,516
+1,431,371
| +45% | +$12.4M |
|
|
SEMG
1128
DELISTED
SEMGROUP CORPORATION
SEMG
| $42.4M | 0.01% |
537,692
+164,787
| +44% | +$11.2M |
|
|
PVTB
1129
DELISTED
PrivateBancorp Inc
PVTB
| $42.3M | 0.01% |
1,454,134
+727,067
| +100% | +$20.6M |
|
1130
Fair Isaac
FICO
$24.3B
| $42.1M | 0.01% |
660,142
+330,071
| +100% | +$18.9M |
|
|
NSR
1131
DELISTED
Neustar Inc
NSR
| $42.1M | 0.01% |
1,616,584
+1,064,388
| +193% | +$28.9M |
|
|
USG
1132
DELISTED
Usg
USG
| $41.9M | 0.01% |
1,390,954
+728,623
| +110% | +$22.3M |
|
|
NAV
1133
DELISTED
Navistar International
NAV
| $41.9M | 0.01% |
1,117,668
+463,087
| +71% | +$16.4M |
|
1134
Cracker Barrel
CBRL
$1.26B
| $41.9M | 0.01% |
420,464
+210,232
| +100% | +$20.6M |
|
1135
Penske Automotive Group
PAG
$14.3B
| $41.8M | 0.01% |
845,288
+444,002
| +111% | +$20.3M |
|
1136
Maximus
MMS
$3.17B
| $41.8M | 0.01% |
971,044
+375,522
| +63% | +$16.1M |
|
1137
Sensient Technologies
SXT
$5.26B
| $41.7M | 0.01% |
748,354
+374,177
| +100% | +$20.3M |
|
|
AKRX
1138
DELISTED
Akorn Inc
AKRX
| $41.7M | 0.01% |
1,253,476
+626,738
| +100% | +$16.4M |
|
|
CEB
1139
DELISTED
CEB Inc.
CEB
| $41.6M | 0.01% |
609,668
+304,834
| +100% | +$20.9M |
|
1140
New York Times
NYT
$12.1B
| $41.4M | 0.01% |
2,723,156
+1,361,578
| +100% | +$21.3M |
|
|
CAVM
1141
DELISTED
Cavium, Inc.
CAVM
| $41.2M | 0.01% |
829,932
+414,966
| +100% | +$19.1M |
|
1142
Gran Tierra Energy
GTE
$265M
| $41.2M | 0.01% |
507,495
+280,097
| +123% | +$20.6M |
|
|
ENH
1143
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $41.1M | 0.01% |
797,602
+398,801
| +100% | +$20.7M |
|
1144
Innoviva
INVA
$1.55B
| $41.1M | 0.01% |
1,380,448
+232,858
| +20% | +$5.58M |
|
1145
Pebblebrook Hotel Trust
PEB
$2.15B
| $41M | 0.01% |
1,108,466
+543,333
| +96% | +$19.1M |
|
|
CVG
1146
DELISTED
Convergys
CVG
| $40.9M | 0.01% |
1,908,250
+954,125
| +100% | +$20.7M |
|
|
BDN
1147
Brandywine Realty Trust
BDN
$524M
| $40.8M | 0.01% |
2,616,084
+1,308,042
| +100% | +$19.7M |
|
1148
Applied Industrial Technologies
AIT
$12.8B
| $40.8M | 0.01% |
804,404
+402,202
| +100% | +$19.4M |
|
1149
LXP Industrial Trust
LXP
$3.57B
| $40.8M | 0.01% |
740,748
+370,374
| +100% | +$20.5M |
|
|
RFMD
1150
DELISTED
RF MICRO DEVICES INC
RFMD
| $40.8M | 0.01% |
4,250,216
+2,125,108
| +100% | +$18.9M |
|
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.