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 | |
|---|---|---|---|---|---|---|
1426
BOK Financial
BOKF
$8.58B
| $27.4M | 0.01% |
411,608
+205,804
| +100% | +$13.5M |
|
1427
Prestige Consumer Healthcare
PBH
$2.38B
| $27.4M | 0.01% |
807,994
+403,997
| +100% | +$12.9M |
|
|
CAA
1428
DELISTED
CalAtlantic Group, Inc.
CAA
| $27.4M | 0.01% |
636,496
+318,248
| +100% | +$12.9M |
|
|
MAGN
1429
Magnera Corp
MAGN
$472M
| $27.3M | 0.01% |
79,289
+55,121
| +228% | +$18.8M |
|
1430
Monolithic Power Systems
MPWR
$70.1B
| $27.3M | 0.01% |
645,360
+322,680
| +100% | +$12.5M |
|
1431
Matsons
MATX
$6.13B
| $27.2M | 0.01% |
1,013,942
+622,471
| +159% | +$15.2M |
|
1432
Columbia Banking Systems
COLB
$8.84B
| $27.2M | 0.01% |
1,033,938
+516,969
| +100% | +$13.4M |
|
|
MLNX
1433
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $27.2M | 0.01% |
780,294
+390,147
| +100% | +$13.5M |
|
1434
SS&C Technologies
SSNC
$18.1B
| $27.2M | 0.01% |
1,229,820
+614,910
| +100% | +$12.7M |
|
|
MBFI
1435
DELISTED
MB Financial Corp
MBFI
| $27.2M | 0.01% |
1,005,026
+502,513
| +100% | +$14M |
|
1436
RBC Bearings
RBC
$17.4B
| $27.1M | 0.01% |
423,264
+211,632
| +100% | +$13.1M |
|
1437
Helen of Troy
HELE
$644M
| $27.1M | 0.01% |
446,964
+223,482
| +100% | +$13.9M |
|
|
FSL
1438
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $27.1M | 0.01% |
1,151,568
+621,074
| +117% | +$14.4M |
|
1439
Adtran
ADTN
$689M
| $27.1M | 0.01% |
1,199,166
+599,583
| +100% | +$13.6M |
|
|
ARIA
1440
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $27.1M | 0.01% |
4,246,230
+2,123,115
| +100% | +$14.6M |
|
1441
Westamerica Bancorp
WABC
$1.38B
| $27M | 0.01% |
517,018
+258,509
| +100% | +$13.2M |
|
1442
KB Home
KBH
$3.37B
| $26.9M | 0.01% |
1,441,062
+608,531
| +73% | +$10.2M |
|
|
PES
1443
DELISTED
Pioneer Energy Services Corp.
PES
| $26.8M | 0.01% |
1,530,652
+856,326
| +127% | +$12.8M |
|
1444
Sociedad Química y Minera de Chile
SQM
$19.2B
| $26.8M | 0.01% |
940,377
+470,189
| +100% | +$14M |
|
|
FCH
1445
DELISTED
Felcor Lodging Trust
FCH
| $26.8M | 0.01% |
2,551,610
+1,275,805
| +100% | +$12.3M |
|
1446
International Bancshares
IBOC
$4.76B
| $26.8M | 0.01% |
993,226
+496,613
| +100% | +$12.1M |
|
1447
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $26.8M | 0.01% |
678,744
+339,372
| +100% | +$12.2M |
|
1448
Forward Air
FWRD
$444M
| $26.7M | 0.01% |
557,030
+278,515
| +100% | +$12.5M |
|
1449
Generac Holdings
GNRC
$11.6B
| $26.6M | 0.01% |
546,644
+172,633
| +46% | +$9.08M |
|
1450
Arcos Dorados Holdings
ARCO
$1.72B
| $26.6M | 0.01% |
2,444,854
+1,222,427
| +100% | +$11.5M |
|
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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.