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 | |
|---|---|---|---|---|---|---|
|
ARGO
1401
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $13.5M | 0.01% |
374,120
-374,120
| -50% | -$14M |
|
1402
Community Bank
CBU
$3.41B
| $13.5M | 0.01% |
402,635
-402,635
| -50% | -$14.2M |
|
|
CSGS
1403
DELISTED
CSG Systems International
CSGS
| $13.5M | 0.01% |
513,585
-140,729
| -22% | -$3.81M |
|
1404
MannKind Corp
MNKD
$1.21B
| $13.5M | 0.01% |
455,793
-467,290
| -51% | -$18.4M |
|
1405
SunCoke Energy
SXC
$720M
| $13.4M | 0.01% |
595,506
-472,046
| -44% | -$10.9M |
|
|
HDS
1406
DELISTED
HD Supply Holdings, Inc.
HDS
| $13.4M | 0.01% |
490,000
-490,000
| -50% | -$13.4M |
|
|
DMC
1407
Del Monte Corp
DMC
$1.41B
| $13.3M | 0.01% |
418,170
-444,170
| -52% | -$13.9M |
|
|
ESGR
1408
DELISTED
Enstar Group
ESGR
| $13.2M | 0.01% |
96,864
-96,864
| -50% | -$13.8M |
|
1409
Texas Roadhouse
TXRH
$13.5B
| $13.2M | 0.01% |
474,239
-474,239
| -50% | -$12.3M |
|
1410
Forward Air
FWRD
$444M
| $13.2M | 0.01% |
294,115
-262,915
| -47% | -$12.3M |
|
1411
Columbia Sportswear
COLM
$3.04B
| $13.2M | 0.01% |
368,222
-160,666
| -30% | -$6.23M |
|
|
HLSS
1412
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $13.2M | 0.01% |
621,195
-517,735
| -45% | -$11.4M |
|
|
ZNGA
1413
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $13.1M | 0.01% |
4,861,156
-4,861,156
| -50% | -$14.6M |
|
|
NPBC
1414
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $13.1M | 0.01% |
1,351,286
-1,501,286
| -53% | -$15.3M |
|
1415
Sturm, Ruger & Co
RGR
$594M
| $13.1M | 0.01% |
269,238
+189,638
| +238% | +$10M |
|
|
GEVA
1416
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $13.1M | 0.01% |
190,589
-263,813
| -58% | -$18.9M |
|
1417
TSMC
TSM
$2.1T
| $13.1M | 0.01% |
649,157
-649,157
| -50% | -$13.5M |
|
1418
Matthews International
MATW
$866M
| $13.1M | 0.01% |
297,968
-251,072
| -46% | -$11.2M |
|
1419
First Citizens BancShares
FCNCA
$24.9B
| $13.1M | 0.01% |
60,346
-60,346
| -50% | -$13.6M |
|
1420
Progress Software
PRGS
$1.66B
| $13.1M | 0.01% |
546,474
-546,474
| -50% | -$12.8M |
|
|
LNCE
1421
DELISTED
Snyders-Lance, Inc.
LNCE
| $13.1M | 0.01% |
492,640
-492,640
| -50% | -$13.2M |
|
1422
Spire
SR
$4.72B
| $13M | 0.01% |
279,776
-356,692
| -56% | -$17.1M |
|
|
ARR
1423
Armour Residential REIT
ARR
$2.33B
| $13M | 0.01% |
84,116
-84,116
| -50% | -$14.1M |
|
|
ALE
1424
DELISTED
Allete
ALE
| $12.9M | 0.01% |
291,640
-291,640
| -50% | -$14M |
|
1425
Cato Corp
CATO
$68.3M
| $12.9M | 0.01% |
374,597
-229,693
| -38% | -$7.66M |
|
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.