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 | |
|---|---|---|---|---|---|---|
|
ICON
1476
DELISTED
Iconix Brand Group, Inc.
ICON
| $12.1M | 0.01% |
32,680
-39,246
| -55% | -$16.2M |
|
1477
PENN Entertainment
PENN
$2.75B
| $12.1M | 0.01% |
1,076,565
-603,117
| -36% | -$6.8M |
|
|
TFM
1478
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $12M | 0.01% |
344,877
-344,877
| -50% | -$11.2M |
|
1479
Generac Holdings
GNRC
$11.6B
| $12M | 0.01% |
296,648
-249,996
| -46% | -$11.2M |
|
1480
Westamerica Bancorp
WABC
$1.38B
| $12M | 0.01% |
258,509
-258,509
| -50% | -$12.6M |
|
1481
RBC Bearings
RBC
$17.4B
| $12M | 0.01% |
211,632
-211,632
| -50% | -$12.8M |
|
1482
B&G Foods
BGS
$287M
| $12M | 0.01% |
434,289
-552,225
| -56% | -$16.3M |
|
1483
SS&C Technologies
SSNC
$18.1B
| $12M | 0.01% |
544,700
-685,120
| -56% | -$15.2M |
|
|
FCH
1484
DELISTED
Felcor Lodging Trust
FCH
| $11.9M | 0.01% |
1,275,805
-1,275,805
| -50% | -$13M |
|
|
CAA
1485
DELISTED
CalAtlantic Group, Inc.
CAA
| $11.9M | 0.01% |
318,248
-318,248
| -50% | -$12.8M |
|
1486
Home BancShares
HOMB
$6.23B
| $11.9M | 0.01% |
808,804
-808,804
| -50% | -$12.4M |
|
1487
Old National Bancorp
ONB
$10.2B
| $11.9M | 0.01% |
916,974
-1,065,012
| -54% | -$14.4M |
|
1488
Unisys
UIS
$209M
| $11.9M | 0.01% |
508,000
-618,000
| -55% | -$14.2M |
|
|
RFP
1489
DELISTED
Resolute Forest Products Inc.
RFP
| $11.9M | 0.01% |
759,435
-644,559
| -46% | -$10.9M |
|
|
B
1490
DELISTED
Barnes Group Inc.
B
| $11.9M | 0.01% |
390,670
-390,670
| -50% | -$13.7M |
|
1491
Kulicke & Soffa
KLIC
$4.67B
| $11.8M | 0.01% |
830,972
-1,030,972
| -55% | -$14.8M |
|
1492
Scorpio Tankers
STNG
$3.9B
| $11.8M | 0.01% |
142,150
-142,149
| -50% | -$13.4M |
|
|
EXXI
1493
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $11.8M | 0.01% |
1,040,538
-762,564
| -42% | -$13.6M |
|
1494
Caleres
CAL
$431M
| $11.8M | 0.01% |
435,106
-364,930
| -46% | -$10.5M |
|
1495
Papa John's
PZZA
$984M
| $11.8M | 0.01% |
295,170
-295,170
| -50% | -$12.1M |
|
1496
Innoviva
INVA
$1.55B
| $11.8M | 0.01% |
690,224
-690,224
| -50% | -$15.9M |
|
1497
Kosmos Energy
KOS
$1.6B
| $11.8M | 0.01% |
1,183,282
-862,320
| -42% | -$8.64M |
|
1498
Pacira BioSciences
PCRX
$1.04B
| $11.8M | 0.01% |
121,356
-121,356
| -50% | -$11.8M |
|
1499
Helen of Troy
HELE
$644M
| $11.7M | 0.01% |
223,482
-223,482
| -50% | -$12.5M |
|
1500
Clearwater Paper
CLW
$339M
| $11.7M | 0.01% |
194,955
-194,955
| -50% | -$12.9M |
|
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.