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 | |
|---|---|---|---|---|---|---|
1351
LiveRamp
RAMP
$2.3B
| $30.6M | 0.01% |
1,412,454
+706,227
| +100% | +$18.2M |
|
1352
FirstCash
FCFS
$8.85B
| $30.6M | 0.01% |
531,248
+265,624
| +100% | +$13.7M |
|
|
AFSI
1353
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $30.6M | 0.01% |
1,462,640
+731,320
| +100% | +$15M |
|
1354
Bank OZK
OZK
$5.6B
| $30.5M | 0.01% |
912,616
+438,490
| +92% | +$13.6M |
|
|
GES
1355
DELISTED
Guess Inc
GES
| $30.5M | 0.01% |
1,129,352
+535,381
| +90% | +$14.5M |
|
1356
Park National Corp
PRK
$3.76B
| $30.5M | 0.01% |
394,476
+197,238
| +100% | +$14.8M |
|
1357
Unifirst Corp
UNF
$5.3B
| $30.2M | 0.01% |
285,250
+142,625
| +100% | +$14.1M |
|
|
EOCC
1358
DELISTED
Enel Generacion Chile S.A.
EOCC
| $30.2M | 0.01% |
965,416
+482,708
| +100% | +$14.8M |
|
|
NPBC
1359
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $30.2M | 0.01% |
2,852,572
+1,426,286
| +100% | +$14.7M |
|
|
CSOD
1360
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $30.1M | 0.01% |
654,632
+356,408
| +120% | +$14.5M |
|
|
B
1361
DELISTED
Barnes Group Inc.
B
| $30.1M | 0.01% |
781,340
+362,670
| +87% | +$13.8M |
|
|
AMSG
1362
DELISTED
Amsurg Corp
AMSG
| $30.1M | 0.01% |
660,172
+341,286
| +107% | +$15.7M |
|
1363
Huron Consulting
HURN
$2.41B
| $30.1M | 0.01% |
424,766
+214,664
| +102% | +$14.2M |
|
1364
Morningstar
MORN
$7.22B
| $30.1M | 0.01% |
418,626
+209,313
| +100% | +$15.3M |
|
|
EFOR
1365
Everforth Inc
EFOR
$1.17B
| $30.1M | 0.01% |
844,920
+422,460
| +100% | +$15.1M |
|
|
ORB
1366
DELISTED
ORBITAL SCIENCES CORP
ORB
| $30M | 0.01% |
1,015,822
+439,030
| +76% | +$12.2M |
|
|
SYNT
1367
DELISTED
Syntel Inc
SYNT
| $30M | 0.01% |
697,572
+348,786
| +100% | +$14.4M |
|
|
ALE
1368
DELISTED
Allete
ALE
| $30M | 0.01% |
583,280
+234,189
| +67% | +$11.8M |
|
|
BECN
1369
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $29.9M | 0.01% |
903,370
+451,685
| +100% | +$15.9M |
|
1370
Virtus Investment Partners
VRTS
$1.06B
| $29.9M | 0.01% |
141,110
+70,555
| +100% | +$13.3M |
|
1371
Upbound Group
UPBD
$1.13B
| $29.9M | 0.01% |
1,041,482
+520,741
| +100% | +$14.7M |
|
1372
Mine Safety
MSA
$7.35B
| $29.8M | 0.01% |
519,022
+259,511
| +100% | +$14.2M |
|
1373
Rambus
RMBS
$9.87B
| $29.7M | 0.01% |
2,076,464
+1,038,232
| +100% | +$12.8M |
|
|
COHR
1374
DELISTED
Coherent Inc
COHR
| $29.7M | 0.01% |
448,126
+224,063
| +100% | +$13.9M |
|
|
RYL
1375
DELISTED
RYLAND GROUP INC
RYL
| $29.6M | 0.01% |
750,024
+327,846
| +78% | +$12.6M |
|
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.