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 | |
|---|---|---|---|---|---|---|
|
AL
1176
DELISTED
Air Lease Corp
AL
| $39.1M | 0.01% |
1,014,676
+332,310
| +49% | +$12.7M |
|
1177
CACI
CACI
$11B
| $39.1M | 0.01% |
556,206
+278,103
| +100% | +$19.7M |
|
1178
Guidewire Software
GWRE
$12.6B
| $39M | 0.01% |
959,652
+920,303
| +2,339% | +$36.5M |
|
1179
CubeSmart
CUBE
$9.39B
| $39M | 0.01% |
2,129,038
+964,519
| +83% | +$17.5M |
|
|
HK
1180
DELISTED
Halcon Resources Corporation
HK
| $39M | 0.01% |
31,001
+15,500
| +100% | +$15.5M |
|
1181
Asbury Automotive
ABG
$4.31B
| $38.9M | 0.01% |
566,580
+283,290
| +100% | +$17.5M |
|
|
EXPR
1182
DELISTED
Express, Inc.
EXPR
| $38.9M | 0.01% |
114,289
+76,649
| +204% | +$22.9M |
|
|
IBKC
1183
DELISTED
IBERIABANK Corp
IBKC
| $38.9M | 0.01% |
562,090
+281,045
| +100% | +$18.4M |
|
1184
Littelfuse
LFUS
$11.2B
| $38.9M | 0.01% |
418,214
+209,107
| +100% | +$19.2M |
|
|
ECHO
1185
EchoStar
ECHO
$24.4B
| $38.9M | 0.01% |
905,911
+449,253
| +98% | +$17.9M |
|
|
WBMD
1186
DELISTED
WebMD Health Corp.
WBMD
| $38.9M | 0.01% |
804,542
+402,271
| +100% | +$17.6M |
|
1187
Western Alliance Bancorporation
WAL
$8.79B
| $38.7M | 0.01% |
1,626,694
+774,432
| +91% | +$18.2M |
|
1188
Rollins
ROL
$18.3B
| $38.7M | 0.01% |
4,350,780
+2,175,390
| +100% | +$19.5M |
|
1189
Hawaiian Electric Industries
HE
$2.23B
| $38.6M | 0.01% |
1,525,736
+686,800
| +82% | +$16.7M |
|
1190
Tetra Tech
TTEK
$8.49B
| $38.6M | 0.01% |
7,011,760
+2,833,880
| +68% | +$15.5M |
|
1191
Wolverine World Wide
WWW
$1.61B
| $38.5M | 0.01% |
1,477,222
+570,820
| +63% | +$15.2M |
|
1192
Vishay Intertechnology
VSH
$5.25B
| $38.4M | 0.01% |
2,476,876
+1,263,438
| +104% | +$18.7M |
|
|
ISIL
1193
DELISTED
Intersil Corp
ISIL
| $38.2M | 0.01% |
2,557,420
+1,263,710
| +98% | +$17.2M |
|
1194
Group 1 Automotive
GPI
$3.42B
| $38.2M | 0.01% |
453,404
+226,702
| +100% | +$16.9M |
|
|
IDTI
1195
DELISTED
Integrated Device Technology I
IDTI
| $38.2M | 0.01% |
2,470,116
+1,132,806
| +85% | +$14.6M |
|
1196
Copa Holdings
CPA
$5.76B
| $38.1M | 0.01% |
267,426
+133,713
| +100% | +$18.7M |
|
|
CPWR
1197
DELISTED
COMPUWARE CORP
CPWR
| $38.1M | 0.01% |
3,968,773
+1,984,387
| +100% | +$19.4M |
|
1198
Novartis
NVS
$297B
| $38.1M | 0.01% |
469,278
+234,639
| +100% | +$18.5M |
|
1199
Rithm Capital
RITM
$5.52B
| $38M | 0.01% |
3,015,302
+2,071,383
| +219% | +$26.2M |
|
|
POLY
1200
DELISTED
Plantronics, Inc.
POLY
| $38M | 0.01% |
789,942
+394,971
| +100% | +$17.6M |
|
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.