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 | |
|---|---|---|---|---|---|---|
1501
Zumiez
ZUMZ
$332M
| $11.7M | 0.01% |
416,945
-416,945
| -50% | -$12.2M |
|
|
IGTE
1502
DELISTED
IGATE CORPORATION
IGTE
| $11.7M | 0.01% |
318,769
-318,769
| -50% | -$11.8M |
|
1503
Selective Insurance
SIGI
$5.65B
| $11.7M | 0.01% |
528,586
-498,846
| -49% | -$11.8M |
|
|
DGI
1504
DELISTED
DigitalGlobe Inc.
DGI
| $11.7M | 0.01% |
410,501
-707,595
| -63% | -$20.6M |
|
1505
LiveRamp
RAMP
$2.3B
| $11.7M | 0.01% |
706,227
-706,227
| -50% | -$13.3M |
|
1506
Lattice Semiconductor
LSCC
$17.6B
| $11.7M | 0.01% |
1,556,886
-656,724
| -30% | -$4.93M |
|
1507
Cogent Communications
CCOI
$676M
| $11.7M | 0.01% |
347,085
-488,655
| -58% | -$16.7M |
|
1508
Meritage Homes
MTH
$4.58B
| $11.7M | 0.01% |
657,176
-657,176
| -50% | -$13.2M |
|
|
FMBI
1509
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $11.6M | 0.01% |
722,969
-771,219
| -52% | -$12.9M |
|
1510
Evertec
EVTC
$1.88B
| $11.6M | 0.01% |
520,687
-646,191
| -55% | -$14.8M |
|
1511
Korn Ferry
KFY
$4.18B
| $11.6M | 0.01% |
466,810
-466,810
| -50% | -$13.7M |
|
|
DWRE
1512
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $11.6M | 0.01% |
228,163
-228,163
| -50% | -$12.9M |
|
|
CMO
1513
DELISTED
Capstead Mortgage Corp.
CMO
| $11.5M | 0.01% |
943,276
-943,276
| -50% | -$12.3M |
|
|
MAGN
1514
Magnera Corp
MAGN
$472M
| $11.5M | 0.01% |
40,414
-38,875
| -49% | -$12.4M |
|
|
CLD
1515
DELISTED
Cloud Peak Energy Inc
CLD
| $11.5M | 0.01% |
912,998
-912,998
| -50% | -$13.8M |
|
1516
Alamos Gold
AGI
$11.6B
| $11.5M | 0.01% |
1,440,328
-479,014
| -25% | -$4.41M |
|
|
AAT
1517
American Assets Trust
AAT
$1.45B
| $11.5M | 0.01% |
349,022
-349,022
| -50% | -$12.1M |
|
|
EVER
1518
DELISTED
Everbank Financial Corp
EVER
| $11.5M | 0.01% |
650,360
-135,362
| -17% | -$2.57M |
|
1519
Northwest Natural Holdings
NWN
$2.06B
| $11.5M | 0.01% |
271,763
-271,763
| -50% | -$12.1M |
|
|
ARIA
1520
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $11.5M | 0.01% |
2,123,115
-2,123,115
| -50% | -$12.4M |
|
|
PES
1521
DELISTED
Pioneer Energy Services Corp.
PES
| $11.4M | 0.01% |
815,326
-715,326
| -47% | -$11.2M |
|
1522
Piper Sandler
PIPR
$5.12B
| $11.4M | 0.01% |
872,848
-188,720
| -18% | -$2.52M |
|
|
SNBR
1523
DELISTED
Sleep Number
SNBR
| $11.4M | 0.01% |
544,853
-544,853
| -50% | -$11.5M |
|
|
CIVI
1524
DELISTED
Civitas Resources
CIVI
| $11.4M | 0.01% |
1,793
+1,076
| +150% | +$6.99M |
|
|
EFOR
1525
Everforth Inc
EFOR
$1.17B
| $11.3M | 0.01% |
422,460
-422,460
| -50% | -$13.1M |
|
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.