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 | |
|---|---|---|---|---|---|---|
1401
Matador Resources
MTDR
$6.2B
| $28.5M | 0.01% |
+972,868
| New | +$25.7M |
|
1402
Colliers International
CIGI
$5.04B
| $28.5M | 0.01% |
958,462
+479,231
| +100% | +$13.9M |
|
|
SWI
1403
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $28.4M | 0.01% |
735,100
+367,550
| +100% | +$14.7M |
|
1404
Molina Healthcare
MOH
$10.2B
| $28.4M | 0.01% |
636,344
+318,172
| +100% | +$12.9M |
|
1405
Plexus
PLXS
$6.72B
| $28.4M | 0.01% |
655,302
+327,651
| +100% | +$13.7M |
|
1406
Old National Bancorp
ONB
$10.2B
| $28.3M | 0.01% |
1,981,986
+990,993
| +100% | +$13.9M |
|
1407
Evertec
EVTC
$1.88B
| $28.3M | 0.01% |
+1,166,878
| New | +$27.8M |
|
1408
Grand Canyon Education
LOPE
$3.79B
| $28.2M | 0.01% |
614,492
+281,911
| +85% | +$12.7M |
|
|
PKY
1409
DELISTED
Parkway, Inc.
PKY
| $28.2M | 0.01% |
1,365,206
+872,291
| +177% | +$16.9M |
|
1410
Five Below
FIVE
$12B
| $28.2M | 0.01% |
+706,068
| New | +$27M |
|
1411
Enviri
NVRI
$623M
| $28M | 0.01% |
1,053,064
+325,803
| +45% | +$8.33M |
|
|
HTS
1412
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $27.9M | 0.01% |
1,410,654
+547,283
| +63% | +$10.8M |
|
1413
Unisys
UIS
$209M
| $27.9M | 0.01% |
1,126,000
+725,591
| +181% | +$18.3M |
|
|
HDS
1414
DELISTED
HD Supply Holdings, Inc.
HDS
| $27.8M | 0.01% |
980,000
+800,000
| +444% | +$21.3M |
|
|
OPEN
1415
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $27.8M | 0.01% |
268,326
+105,533
| +65% | +$8.05M |
|
|
PSB
1416
DELISTED
PS Business Parks, Inc.
PSB
| $27.8M | 0.01% |
332,954
+166,477
| +100% | +$14M |
|
1417
TSMC
TSM
$2.1T
| $27.8M | 0.01% |
1,298,314
+649,157
| +100% | +$13.4M |
|
1418
Cirrus Logic
CRUS
$6.53B
| $27.8M | 0.01% |
1,220,888
+610,444
| +100% | +$13.4M |
|
1419
Meritage Homes
MTH
$4.58B
| $27.7M | 0.01% |
1,314,352
+657,176
| +100% | +$13.3M |
|
|
FINL
1420
DELISTED
Finish Line
FINL
| $27.7M | 0.01% |
932,760
+481,656
| +107% | +$13.7M |
|
|
FOE
1421
DELISTED
Ferro Corporation
FOE
| $27.6M | 0.01% |
2,200,182
+1,576,065
| +253% | +$20.2M |
|
|
CYS
1422
DELISTED
CYS Investments Inc.
CYS
| $27.6M | 0.01% |
3,058,300
+1,529,150
| +100% | +$13.5M |
|
1423
Dine Brands
DIN
$456M
| $27.5M | 0.01% |
346,470
+173,235
| +100% | +$13.7M |
|
|
ARGO
1424
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $27.5M | 0.01% |
748,240
+374,120
| +100% | +$12.7M |
|
1425
Korn Ferry
KFY
$4.18B
| $27.4M | 0.01% |
933,620
+466,810
| +100% | +$13.8M |
|
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.