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 | |
|---|---|---|---|---|---|---|
|
SAFE
1501
Safehold
SAFE
$1.16B
| $24.7M | 0.01% |
338,326
+169,163
| +100% | +$12M |
|
1502
Texas Roadhouse
TXRH
$13.5B
| $24.7M | 0.01% |
948,478
+474,239
| +100% | +$12M |
|
|
WAC
1503
DELISTED
Walter Investment Mgt Corp
WAC
| $24.6M | 0.01% |
826,638
+513,319
| +164% | +$14.7M |
|
|
NUVA
1504
DELISTED
NuVasive, Inc.
NUVA
| $24.6M | 0.01% |
692,022
+346,011
| +100% | +$11.8M |
|
1505
Cal-Maine
CALM
$4.12B
| $24.6M | 0.01% |
661,900
+330,950
| +100% | +$10.9M |
|
|
GRT
1506
DELISTED
GLIMCHER REALTY TRUST
GRT
| $24.5M | 0.01% |
2,264,116
+932,058
| +70% | +$9.8M |
|
1507
CVR Energy
CVI
$3.58B
| $24.5M | 0.01% |
508,804
+254,402
| +100% | +$12M |
|
1508
Tennant Co
TNC
$1.43B
| $24.5M | 0.01% |
321,234
+160,617
| +100% | +$10.5M |
|
|
DRYS
1509
DELISTED
DryShips Inc. Common Stock
DRYS
| $24.5M | 0.01% |
+1
| New | +$37.2M |
|
|
HTWR
1510
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $24.5M | 0.01% |
276,726
+26,663
| +11% | +$2.39M |
|
1511
Franklin Electric
FELE
$4.63B
| $24.4M | 0.01% |
605,854
+252,927
| +72% | +$10M |
|
1512
Opko Health
OPK
$985M
| $24.4M | 0.01% |
2,763,582
+1,592,010
| +136% | +$13.9M |
|
|
SHLD
1513
DELISTED
Sears Holding Corporation
SHLD
| $24.4M | 0.01% |
656,157
+481,192
| +275% | +$17.8M |
|
|
PEI
1514
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $24.4M | 0.01% |
86,291
+43,145
| +100% | +$11.4M |
|
|
VSI
1515
DELISTED
Vitamin Shoppe Inc.
VSI
| $24.3M | 0.01% |
565,614
+282,807
| +100% | +$12.7M |
|
1516
FerroAtlántica
GSM
$594M
| $24.3M | 0.01% |
1,169,628
+584,814
| +100% | +$11.8M |
|
|
AF
1517
DELISTED
Astoria Financial Corporation
AF
| $24.2M | 0.01% |
1,802,890
+858,445
| +91% | +$11.4M |
|
|
INVN
1518
DELISTED
Invensense Inc
INVN
| $24.2M | 0.01% |
1,065,132
+532,566
| +100% | +$10.9M |
|
1519
TriMas Corp
TRS
$1.43B
| $24.1M | 0.01% |
794,653
+397,326
| +100% | +$11.1M |
|
1520
American States Water
AWR
$3.36B
| $24.1M | 0.01% |
725,904
+362,952
| +100% | +$11.1M |
|
|
AAT
1521
American Assets Trust
AAT
$1.45B
| $24.1M | 0.01% |
698,044
+349,022
| +100% | +$11.9M |
|
|
MNDT
1522
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $24.1M | 0.01% |
594,618
+147,309
| +33% | +$5.74M |
|
1523
OSI Systems
OSIS
$3.65B
| $24.1M | 0.01% |
361,058
+180,529
| +100% | +$10.8M |
|
|
GHL
1524
DELISTED
Greenhill & Co., Inc.
GHL
| $24.1M | 0.01% |
489,052
+244,526
| +100% | +$12.1M |
|
1525
Clearwater Paper
CLW
$339M
| $24.1M | 0.01% |
389,910
+194,955
| +100% | +$12.2M |
|
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.