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 | |
|---|---|---|---|---|---|---|
|
WP
1151
DELISTED
Worldpay, Inc.
WP
| $40.7M | 0.01% |
1,211,146
+639,266
| +112% | +$19.7M |
|
|
SUSQ
1152
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $40.7M | 0.01% |
3,855,460
+2,152,489
| +126% | +$22.5M |
|
1153
West Pharmaceutical
WST
$24B
| $40.6M | 0.01% |
961,472
+480,736
| +100% | +$20.6M |
|
1154
Telephone and Data Systems
TDS
$3.82B
| $40.5M | 0.01% |
1,550,452
+775,226
| +100% | +$20.5M |
|
|
DCT
1155
DELISTED
DCT Industrial Trust Inc.
DCT
| $40.3M | 0.01% |
1,226,929
+613,465
| +100% | +$19.4M |
|
|
DYN
1156
DELISTED
Dynegy, Inc.
DYN
| $40.3M | 0.01% |
+1,156,924
| New | +$35.7M |
|
|
MGLN
1157
DELISTED
Magellan Health Services, Inc.
MGLN
| $40.2M | 0.01% |
646,300
+323,150
| +100% | +$19M |
|
|
MDRX
1158
DELISTED
Veradigm Inc. Common Stock
MDRX
| $40.2M | 0.01% |
2,505,528
+955,863
| +62% | +$14.9M |
|
|
CLGX
1159
DELISTED
Corelogic, Inc.
CLGX
| $40.1M | 0.01% |
1,322,258
+455,185
| +52% | +$13.2M |
|
1160
Celestica
CLS
$38.1B
| $40.1M | 0.01% |
3,185,212
+1,592,606
| +100% | +$18.3M |
|
|
THOR
1161
DELISTED
THORATEC CORPORATION
THOR
| $40.1M | 0.01% |
1,149,368
+398,784
| +53% | +$13.3M |
|
|
JNS
1162
DELISTED
Janus Capital Group Inc
JNS
| $40.1M | 0.01% |
3,210,216
+1,605,108
| +100% | +$18.9M |
|
|
DATA
1163
DELISTED
Tableau Software, Inc.
DATA
| $39.9M | 0.01% |
+559,376
| New | +$35.1M |
|
|
HR
1164
DELISTED
Healthcare Realty Trust Incorporated
HR
| $39.9M | 0.01% |
1,569,236
+784,618
| +100% | +$19.6M |
|
|
IPXL
1165
DELISTED
Impax Laboratories, Inc.
IPXL
| $39.9M | 0.01% |
1,328,780
+621,975
| +88% | +$16.8M |
|
|
MINI
1166
DELISTED
Mobile Mini Inc
MINI
| $39.8M | 0.01% |
832,032
+416,016
| +100% | +$18.5M |
|
1167
BP
BP
$116B
| $39.8M | 0.01% |
923,038
+461,519
| +100% | +$19M |
|
1168
DexCom
DXCM
$31.5B
| $39.8M | 0.01% |
4,016,248
+1,366,480
| +52% | +$12.1M |
|
|
PTP
1169
DELISTED
PLATINUM UNDERWRITERS HLDGS LTD
PTP
| $39.8M | 0.01% |
613,944
+306,972
| +100% | +$19.3M |
|
|
WGL
1170
DELISTED
Wgl Holdings
WGL
| $39.7M | 0.01% |
921,978
+460,989
| +100% | +$18.5M |
|
|
TQNT
1171
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $39.7M | 0.01% |
2,509,574
+907,788
| +57% | +$13.4M |
|
1172
ACI Worldwide
ACIW
$5.83B
| $39.6M | 0.01% |
2,129,430
+1,064,715
| +100% | +$19.8M |
|
1173
Diamondrock Hospitality Co
DRH
$2.71B
| $39.5M | 0.01% |
3,080,202
+1,280,759
| +71% | +$15.7M |
|
1174
Texas Capital Bancshares
TCBI
$4.3B
| $39.4M | 0.01% |
730,368
+341,684
| +88% | +$19.2M |
|
1175
Cathay General Bancorp
CATY
$4.22B
| $39.1M | 0.01% |
1,531,562
+765,781
| +100% | +$18.8M |
|
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.