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 | |
|---|---|---|---|---|---|---|
1601
Simpson Manufacturing
SSD
$7.72B
| $9.99M | 0.01% |
342,891
-339,491
| -50% | -$11M |
|
1602
Integra LifeSciences
IART
$1.29B
| $9.99M | 0.01% |
492,516
-492,517
| -50% | -$9.8M |
|
|
MTSC
1603
DELISTED
MTS Systems Corp
MTSC
| $9.98M | 0.01% |
146,161
-146,161
| -50% | -$9.99M |
|
1604
Post Holdings
POST
$4.14B
| $9.95M | 0.01% |
458,359
-504,198
| -52% | -$13.5M |
|
|
WMGI
1605
DELISTED
Wright Medical Group Inc
WMGI
| $9.95M | 0.01% |
328,459
-328,459
| -50% | -$10.1M |
|
|
HTWR
1606
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $9.94M | 0.01% |
128,063
-148,663
| -54% | -$12.3M |
|
1607
Acco Brands
ACCO
$389M
| $9.93M | 0.01% |
1,439,276
-762,854
| -35% | -$5.34M |
|
1608
OFG Bancorp
OFG
$2.23B
| $9.9M | 0.01% |
660,646
-534,780
| -45% | -$8.73M |
|
1609
Columbia Banking Systems
COLB
$8.84B
| $9.82M | 0.01% |
395,917
-638,021
| -62% | -$16.5M |
|
|
TDAY
1610
USA Today Co
TDAY
$1.27B
| $9.81M | 0.01% |
589,937
+226,891
| +62% | +$3.58M |
|
|
CY
1611
DELISTED
Cypress Semiconductor
CY
| $9.77M | 0.01% |
989,141
-1,188,497
| -55% | -$12.5M |
|
1612
Bankunited
BKU
$3.37B
| $9.76M | 0.01% |
320,060
-320,060
| -50% | -$10.2M |
|
1613
American Homes 4 Rent
AMH
$12B
| $9.75M | 0.01% |
577,204
+82,796
| +17% | +$1.48M |
|
|
GTAT
1614
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
| $9.72M | 0.01% |
897,931
-897,931
| -50% | -$13.7M |
|
1615
Oxford Industries
OXM
$566M
| $9.71M | 0.01% |
159,279
-159,279
| -50% | -$10M |
|
1616
Expro Ltd
XPRO
$1.79B
| $9.71M | 0.01% |
86,572
-69,744
| -45% | -$8.91M |
|
1617
Dorman Products
DORM
$3.98B
| $9.7M | 0.01% |
242,250
-242,250
| -50% | -$10.8M |
|
1618
DXP Enterprises
DXPE
$2.43B
| $9.67M | 0.01% |
131,299
-62,301
| -32% | -$4.73M |
|
1619
Trex
TREX
$4.51B
| $9.65M | 0.01% |
1,117,004
-846,180
| -43% | -$7.1M |
|
1620
JetBlue
JBLU
$2.28B
| $9.63M | 0.01% |
906,635
-621,315
| -41% | -$7.09M |
|
|
HT
1621
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $9.57M | 0.01% |
375,460
-375,460
| -50% | -$10.1M |
|
|
BECN
1622
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $9.56M | 0.01% |
375,320
-528,050
| -58% | -$14.9M |
|
|
FLTX
1623
DELISTED
Fleetmatics Group PLC
FLTX
| $9.54M | 0.01% |
312,967
+202,967
| +185% | +$6.46M |
|
1624
Comstock Resources
CRK
$3.89B
| $9.54M | 0.01% |
102,435
-131,345
| -56% | -$15.6M |
|
1625
NBT Bancorp
NBTB
$2.74B
| $9.47M | 0.01% |
420,427
-400,931
| -49% | -$9.49M |
|
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.