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 | |
|---|---|---|---|---|---|---|
|
SONC
1576
DELISTED
Sonic Corp
SONC
| $22.2M | 0.01% |
1,006,212
+503,106
| +100% | +$10.6M |
|
1577
Adeia
ADEA
$2.94B
| $22.1M | 0.01% |
3,779,977
+1,889,988
| +100% | +$11.1M |
|
|
KCG
1578
DELISTED
KCG Holdings, Inc.
KCG
| $22.1M | 0.01% |
1,857,982
+1,607,135
| +641% | +$18M |
|
1579
OFG Bancorp
OFG
$2.23B
| $22M | 0.01% |
1,195,426
+747,362
| +167% | +$13.2M |
|
1580
Columbia Sportswear
COLM
$3.04B
| $21.9M | 0.01% |
528,888
+264,444
| +100% | +$11M |
|
1581
Churchill Downs
CHDN
$5.88B
| $21.7M | 0.01% |
1,447,908
+723,954
| +100% | +$10.6M |
|
1582
TTEC Holdings
TTEC
$121M
| $21.7M | 0.01% |
747,900
+373,950
| +100% | +$9.67M |
|
|
BTU
1583
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $21.6M | 0.01% |
88,273
+44,136
| +100% | +$11.5M |
|
1584
Credit Acceptance
CACC
$5.95B
| $21.5M | 0.01% |
175,028
+87,514
| +100% | +$11.5M |
|
|
BGC
1585
DELISTED
General Cable Corporation
BGC
| $21.5M | 0.01% |
839,662
+337,003
| +67% | +$8.47M |
|
1586
Celldex Therapeutics
CLDX
$2.99B
| $21.5M | 0.01% |
+87,834
| New | +$19.8M |
|
1587
Integer Holdings
ITGR
$4.12B
| $21.5M | 0.01% |
480,683
+240,341
| +100% | +$10.3M |
|
1588
Bankunited
BKU
$3.37B
| $21.4M | 0.01% |
640,120
+223,691
| +54% | +$7.42M |
|
|
BAS
1589
DELISTED
Basis Energy Services, Inc.
BAS
| $21.4M | 0.01% |
1,285
+534
| +71% | +$8.11M |
|
1590
Allison Transmission
ALSN
$9.5B
| $21.3M | 0.01% |
685,860
+342,930
| +100% | +$10.4M |
|
1591
Interface
TILE
$1.99B
| $21.3M | 0.01% |
1,130,884
+565,442
| +100% | +$10.5M |
|
|
RAVN
1592
DELISTED
Raven Industries Inc
RAVN
| $21.3M | 0.01% |
642,014
+321,007
| +100% | +$10.2M |
|
|
WAGE
1593
DELISTED
WageWorks, Inc.
WAGE
| $21.2M | 0.01% |
+440,702
| New | +$19.6M |
|
1594
Oxford Industries
OXM
$566M
| $21.2M | 0.01% |
318,558
+159,279
| +100% | +$10.7M |
|
|
CCMP
1595
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $21.2M | 0.01% |
475,504
+237,752
| +100% | +$10.3M |
|
|
OMG
1596
DELISTED
OM GROUP INC.
OMG
| $21.2M | 0.01% |
652,474
+326,237
| +100% | +$10M |
|
|
TPC
1597
Tutor Perini Cor
TPC
$4.41B
| $21.2M | 0.01% |
666,490
+333,245
| +100% | +$10.1M |
|
|
KW
1598
DELISTED
Kennedy-Wilson Holdings
KW
| $21.1M | 0.01% |
+787,800
| New | +$18.8M |
|
|
KND
1599
DELISTED
Kindred Healthcare
KND
| $21M | 0.01% |
911,040
+455,520
| +100% | +$11.1M |
|
1600
Dycom Industries
DY
$12B
| $20.9M | 0.01% |
668,258
+377,720
| +130% | +$11.8M |
|
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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.