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 | |
|---|---|---|---|---|---|---|
|
SAPE
1326
DELISTED
SAPIENT CORP
SAPE
| $31.2M | 0.01% |
1,921,826
+960,913
| +100% | +$15.8M |
|
|
ZNGA
1327
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $31.2M | 0.01% |
9,722,312
+4,499,286
| +86% | +$16.3M |
|
|
EE
1328
DELISTED
El Paso Electric Company
EE
| $31.2M | 0.01% |
775,644
+387,822
| +100% | +$14.4M |
|
|
MDSO
1329
DELISTED
Medidata Solutions, Inc.
MDSO
| $31.2M | 0.01% |
728,302
+299,576
| +70% | +$12.4M |
|
|
HMSY
1330
DELISTED
HMS Holdings Corp.
HMSY
| $31.2M | 0.01% |
1,527,638
+763,819
| +100% | +$13.8M |
|
|
DWA
1331
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $31.2M | 0.01% |
1,339,408
+669,704
| +100% | +$17.5M |
|
|
PCH
1332
DELISTED
PotlatchDeltic
PCH
| $31.1M | 0.01% |
752,322
+376,161
| +100% | +$14.8M |
|
|
DGI
1333
DELISTED
DigitalGlobe Inc.
DGI
| $31.1M | 0.01% |
1,118,096
+559,048
| +100% | +$16.7M |
|
1334
Globus Medical
GMED
$10.7B
| $31M | 0.01% |
+1,294,180
| New | +$31.2M |
|
1335
Sun Communities
SUI
$15.2B
| $30.9M | 0.01% |
620,984
+281,263
| +83% | +$13.3M |
|
|
QLIK
1336
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $30.9M | 0.01% |
1,367,896
+645,648
| +89% | +$14.8M |
|
1337
Kemper
KMPR
$1.67B
| $30.9M | 0.01% |
838,988
+419,494
| +100% | +$15.5M |
|
1338
Spire
SR
$4.72B
| $30.9M | 0.01% |
636,468
+318,234
| +100% | +$14.9M |
|
1339
Booz Allen Hamilton
BAH
$8.39B
| $30.9M | 0.01% |
1,454,650
+1,409,237
| +3,103% | +$31.9M |
|
|
ICON
1340
DELISTED
Iconix Brand Group, Inc.
ICON
| $30.9M | 0.01% |
71,926
+8,428
| +13% | +$3.48M |
|
1341
Wintrust Financial
WTFC
$10.8B
| $30.9M | 0.01% |
671,072
+335,536
| +100% | +$15.2M |
|
1342
Werner Enterprises
WERN
$2.24B
| $30.8M | 0.01% |
1,163,422
+581,711
| +100% | +$15.1M |
|
|
PLCM
1343
DELISTED
POLYCOM INC
PLCM
| $30.8M | 0.01% |
2,456,938
+837,740
| +52% | +$10.6M |
|
1344
CVB Financial
CVBF
$3.94B
| $30.8M | 0.01% |
1,920,208
+896,004
| +87% | +$13.5M |
|
1345
Mercury Insurance
MCY
$5.93B
| $30.8M | 0.01% |
654,412
+327,206
| +100% | +$15.4M |
|
|
HPY
1346
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $30.8M | 0.01% |
746,658
+373,329
| +100% | +$15.2M |
|
|
ISBC
1347
DELISTED
Investors Bancorp, Inc.
ISBC
| $30.7M | 0.01% |
2,777,384
+1,389,234
| +100% | +$14.8M |
|
|
HOS
1348
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $30.7M | 0.01% |
653,892
+326,946
| +100% | +$13.9M |
|
1349
Monro
MNRO
$383M
| $30.7M | 0.01% |
576,748
+288,374
| +100% | +$15.8M |
|
|
KEG
1350
DELISTED
KEY ENERGY SERVICES INC
KEG
| $30.7M | 0.01% |
3,355,956
+2,007,966
| +149% | +$18.4M |
|
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.