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 | |
|---|---|---|---|---|---|---|
1551
Expro Ltd
XPRO
$1.79B
| $23.1M | 0.01% |
+156,316
| New | +$23.1M |
|
|
CZR
1552
DELISTED
Caesars Entertainment Corporation
CZR
| $23.1M | 0.01% |
1,275,342
+1,146,748
| +892% | +$21.2M |
|
1553
Zumiez
ZUMZ
$332M
| $23M | 0.01% |
833,890
+618,745
| +288% | +$16.4M |
|
1554
Kosmos Energy
KOS
$1.6B
| $23M | 0.01% |
2,045,602
+1,022,801
| +100% | +$10.9M |
|
1555
SunCoke Energy
SXC
$720M
| $23M | 0.01% |
1,067,552
+533,776
| +100% | +$11.2M |
|
1556
WD-40
WDFC
$3.05B
| $22.9M | 0.01% |
304,492
+152,246
| +100% | +$11.1M |
|
1557
Caleres
CAL
$431M
| $22.9M | 0.01% |
800,036
+400,018
| +100% | +$10.5M |
|
1558
Matthews International
MATW
$866M
| $22.8M | 0.01% |
549,040
+274,520
| +100% | +$11.2M |
|
|
AYR
1559
DELISTED
Aircastle Ltd
AYR
| $22.8M | 0.01% |
1,282,932
+641,466
| +100% | +$11.3M |
|
1560
Acadia Realty Trust
AKR
$3.09B
| $22.8M | 0.01% |
811,122
+320,498
| +65% | +$8.78M |
|
1561
Horace Mann Educators
HMN
$2.1B
| $22.7M | 0.01% |
725,436
+362,718
| +100% | +$10.7M |
|
|
MDC
1562
DELISTED
M.D.C. Holdings, Inc.
MDC
| $22.6M | 0.01% |
1,037,822
+518,911
| +100% | +$10.7M |
|
|
ARNA
1563
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $22.6M | 0.01% |
386,156
+218,343
| +130% | +$13.7M |
|
|
OPLN
1564
Openlane
OPLN
$4.21B
| $22.6M | 0.01% |
1,873,775
+768,822
| +70% | +$8.88M |
|
1565
Sprouts Farmers Market
SFM
$8.13B
| $22.6M | 0.01% |
689,526
+498,476
| +261% | +$15.5M |
|
|
GLF
1566
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $22.5M | 0.01% |
498,380
+249,190
| +100% | +$11.2M |
|
|
SNBR
1567
DELISTED
Sleep Number
SNBR
| $22.5M | 0.01% |
1,089,706
+544,853
| +100% | +$10.3M |
|
1568
Banco Santander
SAN
$201B
| $22.5M | 0.01% |
2,375,269
+1,212,377
| +104% | +$11.1M |
|
|
MTOR
1569
DELISTED
MERITOR, Inc.
MTOR
| $22.5M | 0.01% |
1,722,598
+861,299
| +100% | +$11.3M |
|
1570
AZZ Inc
AZZ
$4.35B
| $22.4M | 0.01% |
485,836
+242,918
| +100% | +$10.7M |
|
|
KAMN
1571
DELISTED
Kaman Corp
KAMN
| $22.4M | 0.01% |
523,456
+261,728
| +100% | +$10.9M |
|
1572
Hope Bancorp
HOPE
$1.79B
| $22.4M | 0.01% |
1,401,738
+700,869
| +100% | +$11.1M |
|
|
CATM
1573
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $22.4M | 0.01% |
655,812
+258,576
| +65% | +$8.64M |
|
|
TBI
1574
Trueblue
TBI
$215M
| $22.3M | 0.01% |
810,460
+405,230
| +100% | +$11.1M |
|
1575
Pacira BioSciences
PCRX
$1.04B
| $22.3M | 0.01% |
+242,712
| New | +$18.5M |
|
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.