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 | |
|---|---|---|---|---|---|---|
1451
TD Synnex
SNX
$20.4B
| $26.6M | 0.01% |
730,804
+365,402
| +100% | +$12.3M |
|
1452
Choice Hotels
CHH
$5.07B
| $26.6M | 0.01% |
564,342
+282,171
| +100% | +$12.7M |
|
1453
Cimpress
CMPR
$2.39B
| $26.6M | 0.01% |
656,314
+328,157
| +100% | +$14.3M |
|
1454
Kulicke & Soffa
KLIC
$4.67B
| $26.6M | 0.01% |
1,861,944
+930,972
| +100% | +$12.8M |
|
1455
Home BancShares
HOMB
$6.23B
| $26.5M | 0.01% |
1,617,608
+808,804
| +100% | +$13M |
|
|
HIBB
1456
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $26.5M | 0.01% |
490,006
+245,003
| +100% | +$13.2M |
|
1457
MGE Energy Inc
MGEE
$3B
| $26.5M | 0.01% |
670,938
+335,469
| +100% | +$12.8M |
|
|
DMC
1458
Del Monte Corp
DMC
$1.41B
| $26.4M | 0.01% |
862,340
+431,170
| +100% | +$12.3M |
|
|
HEES
1459
DELISTED
H&E Equipment Services
HEES
| $26.4M | 0.01% |
725,760
+362,880
| +100% | +$13.3M |
|
1460
ABM Industries
ABM
$2.81B
| $26.4M | 0.01% |
976,668
+488,334
| +100% | +$13.2M |
|
1461
Crown Castle
CCI
$33.3B
| $26.3M | 0.01% |
354,212
+177,106
| +100% | +$13.3M |
|
|
ELME
1462
Elme Communities
ELME
$143M
| $26.3M | 0.01% |
1,012,024
+421,913
| +71% | +$10.6M |
|
1463
Progress Software
PRGS
$1.66B
| $26.3M | 0.01% |
1,092,948
+546,474
| +100% | +$11.9M |
|
1464
Haemonetics
HAE
$3.89B
| $26.2M | 0.01% |
743,168
+371,584
| +100% | +$12.4M |
|
1465
Semtech
SMTC
$11B
| $26.2M | 0.01% |
1,002,206
+391,087
| +64% | +$9.84M |
|
1466
Ally Financial
ALLY
$13.2B
| $26.2M | 0.01% |
+1,094,814
| New | +$26.6M |
|
|
LNCE
1467
DELISTED
Snyders-Lance, Inc.
LNCE
| $26.1M | 0.01% |
985,280
+492,640
| +100% | +$13.3M |
|
|
GTI
1468
DELISTED
GRAFTECH INTERNATIONAL LTD
GTI
| $26M | 0.01% |
2,487,994
+1,243,997
| +100% | +$13.3M |
|
1469
Greif
GEF
$4.92B
| $26M | 0.01% |
476,156
+238,078
| +100% | +$12.8M |
|
|
LTC
1470
LTC Properties
LTC
$2.06B
| $25.9M | 0.01% |
664,462
+332,231
| +100% | +$13M |
|
|
ATCO
1471
DELISTED
Atlas Corp.
ATCO
| $25.9M | 0.01% |
1,105,940
+552,970
| +100% | +$12.4M |
|
|
HLSS
1472
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $25.9M | 0.01% |
1,138,930
+569,465
| +100% | +$12.6M |
|
1473
Brink's
BCO
$4.88B
| $25.9M | 0.01% |
916,036
+458,018
| +100% | +$12.3M |
|
|
IMGN
1474
DELISTED
Immunogen Inc
IMGN
| $25.8M | 0.01% |
2,179,124
+570,562
| +35% | +$7.16M |
|
|
BCPC
1475
Balchem Corp
BCPC
$5.38B
| $25.8M | 0.01% |
481,608
+240,804
| +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.