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 | |
|---|---|---|---|---|---|---|
1301
Capitol Federal Financial
CFFN
$1.09B
| $32.1M | 0.01% |
2,642,188
+1,321,094
| +100% | +$16.1M |
|
1302
Post Holdings
POST
$4.14B
| $32.1M | 0.01% |
962,557
+481,278
| +100% | +$16.1M |
|
1303
First Industrial Realty Trust
FR
$8.73B
| $32.1M | 0.01% |
1,702,046
+760,004
| +81% | +$14.2M |
|
1304
Mueller Industries
MLI
$14.7B
| $32M | 0.01% |
4,356,176
+2,178,088
| +100% | +$15.8M |
|
|
PMT
1305
PennyMac Mortgage Investment
PMT
$822M
| $32M | 0.01% |
1,457,836
+864,771
| +146% | +$19.3M |
|
|
SKX
1306
DELISTED
Skechers
SKX
| $32M | 0.01% |
2,099,730
+921,939
| +78% | +$12.7M |
|
|
CSH
1307
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $32M | 0.01% |
1,586,281
+826,201
| +109% | +$16.6M |
|
1308
Valley National Bancorp
VLY
$7.9B
| $31.9M | 0.01% |
3,222,950
+1,344,814
| +72% | +$13.5M |
|
|
TRAK
1309
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $31.9M | 0.01% |
704,086
+352,043
| +100% | +$15.2M |
|
1310
MKS Inc
MKSI
$20.1B
| $31.9M | 0.01% |
1,020,568
+510,284
| +100% | +$14.8M |
|
|
ADVS
1311
DELISTED
Advent Software Inc
ADVS
| $31.9M | 0.01% |
978,664
+489,332
| +100% | +$14.5M |
|
|
PPO
1312
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $31.9M | 0.01% |
667,536
-6,523
| -1% | -$267K |
|
1313
Veeco
VECO
$3.05B
| $31.7M | 0.01% |
851,128
+425,564
| +100% | +$15.2M |
|
|
DWRE
1314
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $31.7M | 0.01% |
+456,326
| New | +$26.2M |
|
1315
Children's Place
PLCE
$54.3M
| $31.6M | 0.01% |
636,916
+407,022
| +177% | +$19.7M |
|
|
ALEX
1316
DELISTED
Alexander & Baldwin
ALEX
| $31.6M | 0.01% |
762,416
+381,208
| +100% | +$15M |
|
|
AWAY
1317
DELISTED
HOMEAWAY INC COM
AWAY
| $31.5M | 0.01% |
905,728
+511,352
| +130% | +$16.8M |
|
1318
Amkor Technology
AMKR
$12.4B
| $31.5M | 0.01% |
2,819,002
+1,409,501
| +100% | +$13M |
|
1319
IMAX
IMAX
$2.62B
| $31.5M | 0.01% |
1,106,602
+553,301
| +100% | +$14.8M |
|
|
SOHU
1320
Sohu.com
SOHU
$362M
| $31.5M | 0.01% |
545,252
+272,626
| +100% | +$15.9M |
|
1321
NETGEAR
NTGR
$648M
| $31.4M | 0.01% |
904,386
+535,534
| +145% | +$17.8M |
|
1322
Ciena
CIEN
$53.4B
| $31.4M | 0.01% |
1,448,842
+495,275
| +52% | +$10.2M |
|
1323
Graphic Packaging
GPK
$3.17B
| $31.3M | 0.01% |
2,678,648
+729,547
| +37% | +$7.82M |
|
1324
Healthcare Realty
HR
$7.28B
| $31.3M | 0.01% |
+1,298,640
| New | +$30.9M |
|
1325
Kinross Gold
KGC
$27.4B
| $31.3M | 0.01% |
7,543,482
+3,771,741
| +100% | +$15.3M |
|
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.