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 | |
|---|---|---|---|---|---|---|
1376
First Citizens BancShares
FCNCA
$24.9B
| $29.6M | 0.01% |
120,692
+60,346
| +100% | +$14.1M |
|
|
AEL
1377
DELISTED
American Equity Investment Life Holding Company
AEL
| $29.6M | 0.01% |
1,201,712
+600,856
| +100% | +$13.9M |
|
|
MASI
1378
DELISTED
Masimo
MASI
| $29.4M | 0.01% |
1,247,164
+782,313
| +168% | +$19.4M |
|
1379
FTI Consulting
FCN
$4.4B
| $29.4M | 0.01% |
777,512
+388,756
| +100% | +$12.8M |
|
1380
Forum Energy Technologies
FET
$708M
| $29.4M | 0.01% |
40,319
+25,413
| +170% | +$16.6M |
|
|
IRF
1381
DELISTED
INTL RECTIFIER CORP
IRF
| $29.3M | 0.01% |
1,049,902
-111,061
| -10% | -$2.98M |
|
|
LL
1382
DELISTED
LL Flooring Holdings, Inc.
LL
| $29.3M | 0.01% |
385,540
+192,770
| +100% | +$16M |
|
1383
Andersons Inc
ANDE
$2.41B
| $29.3M | 0.01% |
567,544
+283,772
| +100% | +$15.6M |
|
|
CIR
1384
DELISTED
CIRCOR International, Inc
CIR
| $29.2M | 0.01% |
379,174
+189,587
| +100% | +$14.6M |
|
|
TRLA
1385
DELISTED
TRULIA INC (DEL)
TRLA
| $29.2M | 0.01% |
+617,266
| New | +$22.7M |
|
|
KNGT
1386
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $29.2M | 0.01% |
1,230,176
+600,088
| +95% | +$14.3M |
|
|
DF
1387
DELISTED
Dean Foods Company
DF
| $29.2M | 0.01% |
1,662,160
+858,763
| +107% | +$14.1M |
|
|
ESGR
1388
DELISTED
Enstar Group
ESGR
| $29.2M | 0.01% |
193,728
+96,864
| +100% | +$13.3M |
|
1389
Community Bank
CBU
$3.41B
| $29.2M | 0.01% |
805,270
+402,635
| +100% | +$14.9M |
|
|
ARR
1390
Armour Residential REIT
ARR
$2.33B
| $29.1M | 0.01% |
168,232
+84,116
| +100% | +$14.3M |
|
|
TIVO
1391
DELISTED
TIVO INC
TIVO
| $29M | 0.01% |
2,249,820
+1,124,910
| +100% | +$13.6M |
|
1392
B2Gold
BTG
$5B
| $29M | 0.01% |
9,925,338
+4,962,669
| +100% | +$13.5M |
|
|
SFR
1393
DELISTED
Starwood Waypoint Homes
SFR
| $28.9M | 0.01% |
1,103,896
+842,947
| +323% | +$23M |
|
1394
Blackbaud
BLKB
$1.94B
| $28.9M | 0.01% |
809,062
+404,531
| +100% | +$13.5M |
|
1395
Scorpio Tankers
STNG
$3.9B
| $28.9M | 0.01% |
+284,299
| New | +$25.9M |
|
1396
Cogent Communications
CCOI
$676M
| $28.9M | 0.01% |
835,740
+392,370
| +88% | +$13.9M |
|
|
SWC
1397
DELISTED
Stillwater Mining Co
SWC
| $28.8M | 0.01% |
1,643,740
+821,870
| +100% | +$13.4M |
|
|
RWT
1398
Redwood Trust
RWT
$574M
| $28.8M | 0.01% |
1,478,466
+739,233
| +100% | +$14.8M |
|
|
VRE
1399
DELISTED
Veris Residential
VRE
| $28.7M | 0.01% |
1,335,786
+552,152
| +70% | +$11.7M |
|
1400
Lindsay Corp
LNN
$1.13B
| $28.6M | 0.01% |
338,884
+95,018
| +39% | +$8.22M |
|
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.