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 |
WFT
Weatherford International plc
WFT
|
+$134M |
| 2 |
Alcoa
AA
|
+$129M |
| 3 |
SWN
Southwestern Energy Company
SWN
|
+$99.6M |
| 4 |
Metallus
MTUS
|
+$92.2M |
| 5 |
Liberty Media Series C
FWONK
|
+$76.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$4.4B |
| 2 |
Blackrock
BLK
|
+$3.79B |
| 3 |
ExxonMobil
XOM
|
+$3.16B |
| 4 |
Microsoft
MSFT
|
+$2.79B |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$2.22B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17% |
| 2 | Technology | 13.81% |
| 3 | Healthcare | 12.74% |
| 4 | Energy | 9.56% |
| 5 | Industrials | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Saic
SAIC
$4.95B
| $15.3M | 0.01% |
345,339
+45,201
| +15% | +$1.99M |
|
|
SJI
1327
DELISTED
South Jersey Industries, Inc.
SJI
| $15.3M | 0.01% |
572,066
-572,066
| -50% | -$16.1M |
|
1328
IMAX
IMAX
$2.62B
| $15.2M | 0.01% |
553,301
-553,301
| -50% | -$15M |
|
1329
Group 1 Automotive
GPI
$3.42B
| $15.2M | 0.01% |
208,918
-244,486
| -54% | -$19.1M |
|
1330
Children's Place
PLCE
$54.3M
| $15.2M | 0.01% |
318,458
-318,458
| -50% | -$16.1M |
|
|
CKH
1331
DELISTED
Seacor Holdings Inc.
CKH
| $15.2M | 0.01% |
209,608
-209,609
| -50% | -$16.1M |
|
1332
Itaú Unibanco
ITUB
$93.2B
| $15.2M | 0.01% |
2,724,314
-6,997,029
| -72% | -$44.6M |
|
|
PCH
1333
DELISTED
PotlatchDeltic
PCH
| $15.1M | 0.01% |
376,161
-376,161
| -50% | -$15.7M |
|
|
ADVS
1334
DELISTED
Advent Software Inc
ADVS
| $15.1M | 0.01% |
478,332
-500,332
| -51% | -$16.1M |
|
1335
Healthcare Realty
HR
$7.28B
| $15.1M | 0.01% |
649,320
-649,320
| -50% | -$15.8M |
|
1336
Wintrust Financial
WTFC
$10.8B
| $15M | 0.01% |
335,536
-335,536
| -50% | -$15.5M |
|
|
ISIL
1337
DELISTED
Intersil Corp
ISIL
| $14.9M | 0.01% |
1,050,710
-1,506,710
| -59% | -$21.9M |
|
|
FINL
1338
DELISTED
Finish Line
FINL
| $14.9M | 0.01% |
596,028
-336,732
| -36% | -$9.64M |
|
1339
Five Below
FIVE
$12B
| $14.9M | 0.01% |
376,599
-329,469
| -47% | -$12.8M |
|
1340
Glacier Bancorp
GBCI
$6.42B
| $14.9M | 0.01% |
576,539
-650,539
| -53% | -$17.6M |
|
1341
Park National Corp
PRK
$3.76B
| $14.9M | 0.01% |
197,238
-197,238
| -50% | -$15.1M |
|
1342
FirstCash
FCFS
$8.85B
| $14.9M | 0.01% |
265,624
-265,624
| -50% | -$15.1M |
|
|
GRT
1343
DELISTED
GLIMCHER REALTY TRUST
GRT
| $14.8M | 0.01% |
1,096,625
-1,167,491
| -52% | -$13.4M |
|
1344
La-Z-Boy
LZB
$1.58B
| $14.8M | 0.01% |
749,442
-144,988
| -16% | -$3.15M |
|
1345
Louisiana-Pacific
LPX
$5.06B
| $14.8M | 0.01% |
1,089,533
-1,254,713
| -54% | -$17.8M |
|
1346
Cal-Maine
CALM
$4.12B
| $14.8M | 0.01% |
330,950
-330,950
| -50% | -$13.1M |
|
1347
Prestige Consumer Healthcare
PBH
$2.38B
| $14.8M | 0.01% |
456,658
-351,336
| -43% | -$11.8M |
|
1348
Buckle
BKE
$2.25B
| $14.8M | 0.01% |
325,334
-105,916
| -25% | -$4.89M |
|
1349
Colliers International
CIGI
$5.04B
| $14.7M | 0.01% |
479,231
-479,231
| -50% | -$15M |
|
1350
EastGroup Properties
EGP
$11.2B
| $14.7M | 0.01% |
242,957
-322,555
| -57% | -$20.5M |
|
Similar funds
Norges Bank's Q3 2014 Portfolio in Review
As of Q3 2014, Norges Bank held 2,360 positions worth $185B, down 50% from $371B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Norges Bank withdrew a net $184B in Q3 2014, closing 32 positions and reducing 2,169 holdings. Its most notable exit was Deutsche Bank, an estimated $1.74B position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Norges Bank opened a new position in Metallus worth $92.8M.
- Norges Bank's largest Q3 2014 buy was Metallus: 1,996,282 shares worth $92.8M.
- Norges Bank added most to Weatherford International plc in Q3 2014, an estimated $134M increase.
- Norges Bank's biggest Q3 2014 reduction was Apple, cutting an estimated $4.4B.
- Norges Bank fully exited Deutsche Bank in Q3 2014, selling an estimated $1.74B.
- Norges Bank's ten largest holdings make up 15% of its $185B portfolio in Q3 2014.
- Norges Bank opened 110 new positions and closed 32 in Q3 2014.
- Norges Bank's portfolio value fell 50% quarter-over-quarter to $185B.
Based on Norges Bank's 13F filing for Q3 2014, filed 7 Nov 2014.