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 | |
|---|---|---|---|---|---|---|
|
GOV
1601
DELISTED
Government Properties Income Trust
GOV
| $20.8M | 0.01% |
821,180
+410,590
| +100% | +$10.4M |
|
|
SNCR
1602
DELISTED
Synchronoss Technologies
SNCR
| $20.8M | 0.01% |
66,168
+33,084
| +100% | +$9.49M |
|
|
FDML
1603
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $20.7M | 0.01% |
1,024,466
+512,233
| +100% | +$9.17M |
|
1604
La-Z-Boy
LZB
$1.58B
| $20.7M | 0.01% |
+894,430
| New | +$22.1M |
|
|
NPKI
1605
NPK International
NPKI
$1.06B
| $20.7M | 0.01% |
1,662,052
+841,026
| +102% | +$9.81M |
|
|
PMCS
1606
DELISTED
P M C SIERRA INC
PMCS
| $20.7M | 0.01% |
2,719,194
+1,359,597
| +100% | +$9.83M |
|
|
WMGI
1607
DELISTED
Wright Medical Group Inc
WMGI
| $20.6M | 0.01% |
656,918
+273,559
| +71% | +$8.17M |
|
|
BOBE
1608
DELISTED
Bob Evans Farms, Inc.
BOBE
| $20.6M | 0.01% |
411,272
+167,672
| +69% | +$7.96M |
|
|
HPP
1609
Hudson Pacific Properties
HPP
$747M
| $20.6M | 0.01% |
115,929
+57,965
| +100% | +$9.67M |
|
1610
Coeur Mining
CDE
$15.4B
| $20.5M | 0.01% |
2,235,914
+1,412,060
| +171% | +$11.6M |
|
|
EPAY
1611
DELISTED
Bottomline Technologies Inc
EPAY
| $20.4M | 0.01% |
683,498
+341,749
| +100% | +$10.5M |
|
1612
Rogers Corp
ROG
$2.21B
| $20.4M | 0.01% |
307,984
+153,992
| +100% | +$9.51M |
|
|
CSG
1613
DELISTED
CHAMBERS STR PPTYS COM
CSG
| $20.4M | 0.01% |
+2,540,000
| New | +$20M |
|
1614
Otter Tail
OTTR
$3.71B
| $20.4M | 0.01% |
674,144
+337,072
| +100% | +$9.81M |
|
1615
G-III Apparel Group
GIII
$1.54B
| $20.4M | 0.01% |
+500,000
| New | +$18.9M |
|
1616
PENN Entertainment
PENN
$2.75B
| $20.4M | 0.01% |
1,679,682
+1,064,137
| +173% | +$12.6M |
|
1617
Halozyme
HALO
$9.79B
| $20.4M | 0.01% |
2,062,014
+1,031,007
| +100% | +$8.75M |
|
1618
Sabra Healthcare REIT
SBRA
$5.34B
| $20.3M | 0.01% |
707,496
+353,748
| +100% | +$10.3M |
|
|
ESC
1619
DELISTED
EMERITUS CORP
ESC
| $20.3M | 0.01% |
640,330
+270,165
| +73% | +$8.27M |
|
|
BPFH
1620
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $20.2M | 0.01% |
1,506,028
+753,014
| +100% | +$9.65M |
|
|
DCH
1621
Dauch Corp
DCH
$1.34B
| $20.2M | 0.01% |
1,070,400
+355,829
| +50% | +$6.55M |
|
|
HT
1622
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $20.2M | 0.01% |
750,920
+293,867
| +64% | +$7.19M |
|
1623
HEICO Corp
HEI
$49.8B
| $20.1M | 0.01% |
942,471
+471,236
| +100% | +$10.6M |
|
1624
Allegiant Air
ALGT
$2.64B
| $20M | 0.01% |
170,180
+85,090
| +100% | +$9.93M |
|
|
AAV
1625
DELISTED
Advantage Oil & Gas Ltd
AAV
| $20M | 0.01% |
2,976,748
+1,488,374
| +100% | +$9.06M |
|
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.