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 | |
|---|---|---|---|---|---|---|
|
FNGN
1251
DELISTED
Financial Engines, Inc.
FNGN
| $34.7M | 0.01% |
766,294
+367,147
| +92% | +$16.4M |
|
1252
TFS Financial
TFSL
$5.16B
| $34.6M | 0.01% |
2,423,922
+1,211,961
| +100% | +$16.3M |
|
|
SJI
1253
DELISTED
South Jersey Industries, Inc.
SJI
| $34.6M | 0.01% |
1,144,132
+572,066
| +100% | +$16.3M |
|
|
MRH
1254
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $34.6M | 0.01% |
1,081,472
+540,736
| +100% | +$16.8M |
|
|
MWIV
1255
DELISTED
MWI VETERINARY SUPPLY, INC.
MWIV
| $34.5M | 0.01% |
242,950
+121,475
| +100% | +$17.8M |
|
1256
Sanmina
SANM
$9.95B
| $34.4M | 0.01% |
1,511,886
+755,943
| +100% | +$15.3M |
|
|
PDCE
1257
DELISTED
PDC Energy, Inc.
PDCE
| $34.4M | 0.01% |
544,506
+258,653
| +90% | +$16.2M |
|
|
SLCA
1258
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $34.3M | 0.01% |
+617,800
| New | +$29.1M |
|
1259
Cousins Properties
CUZ
$5.19B
| $34.1M | 0.01% |
970,639
+485,320
| +100% | +$16.3M |
|
|
FNSR
1260
DELISTED
Finisar Corp
FNSR
| $34.1M | 0.01% |
1,725,248
+847,624
| +97% | +$20.4M |
|
|
MDP
1261
DELISTED
Meredith Corporation
MDP
| $34M | 0.01% |
702,238
+351,119
| +100% | +$16M |
|
|
CADE
1262
DELISTED
Cadence Bank
CADE
| $33.9M | 0.01% |
1,380,550
+540,275
| +64% | +$12.8M |
|
1263
HNI Corp
HNI
$3.24B
| $33.8M | 0.01% |
863,040
+431,520
| +100% | +$15.8M |
|
1264
Erie Indemnity
ERIE
$12.7B
| $33.7M | 0.01% |
448,162
+136,881
| +44% | +$10.1M |
|
1265
Comstock Resources
CRK
$3.89B
| $33.7M | 0.01% |
233,780
+116,890
| +100% | +$15.4M |
|
1266
Tenaris
TS
$28.9B
| $33.7M | 0.01% |
714,010
+357,005
| +100% | +$16M |
|
1267
FNB Corp
FNB
$6.73B
| $33.7M | 0.01% |
2,625,462
+1,312,731
| +100% | +$16.5M |
|
|
CLD
1268
DELISTED
Cloud Peak Energy Inc
CLD
| $33.6M | 0.01% |
1,825,996
+912,998
| +100% | +$17.9M |
|
|
CJES
1269
DELISTED
C&J ENERGY SVCS LTD
CJES
| $33.6M | 0.01% |
994,806
+497,403
| +100% | +$15.3M |
|
1270
Boston Beer
SAM
$1.91B
| $33.6M | 0.01% |
150,294
+75,147
| +100% | +$17.1M |
|
|
LTM
1271
DELISTED
LIFE TIME FITNESS INC
LTM
| $33.6M | 0.01% |
688,586
+344,293
| +100% | +$16.9M |
|
1272
MasTec
MTZ
$21.1B
| $33.5M | 0.01% |
1,088,202
+544,101
| +100% | +$20.5M |
|
|
SCS
1273
DELISTED
Steelcase
SCS
| $33.5M | 0.01% |
2,212,698
+1,374,034
| +164% | +$22.6M |
|
1274
Benchmark Electronics
BHE
$2.87B
| $33.4M | 0.01% |
1,311,950
+805,195
| +159% | +$18.9M |
|
|
GTAT
1275
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
| $33.4M | 0.01% |
1,795,862
+897,931
| +100% | +$14.8M |
|
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.