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 | |
|---|---|---|---|---|---|---|
|
CWEI
1626
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $20M | 0.01% |
145,852
+72,926
| +100% | +$9.35M |
|
1627
Sonic Automotive
SAH
$2.9B
| $19.9M | 0.01% |
746,954
+373,477
| +100% | +$9.32M |
|
1628
Diodes
DIOD
$3.78B
| $19.8M | 0.01% |
685,154
+342,577
| +100% | +$9.47M |
|
1629
Astec Industries
ASTE
$1.16B
| $19.8M | 0.01% |
452,084
+226,042
| +100% | +$9.31M |
|
|
MTSC
1630
DELISTED
MTS Systems Corp
MTSC
| $19.8M | 0.01% |
292,322
+146,161
| +100% | +$9.75M |
|
1631
CONMED
CNMD
$1.39B
| $19.7M | 0.01% |
446,856
+223,428
| +100% | +$10.1M |
|
1632
NBT Bancorp
NBTB
$2.74B
| $19.7M | 0.01% |
821,358
+410,679
| +100% | +$9.58M |
|
1633
Sabesp
SBS
$19.1B
| $19.7M | 0.01% |
9,490,611
+4,745,306
| +100% | +$9.1M |
|
1634
Puma Biotechnology
PBYI
$404M
| $19.7M | 0.01% |
+298,424
| New | +$21.2M |
|
1635
Stepan Co
SCL
$1.46B
| $19.5M | 0.01% |
369,386
+184,693
| +100% | +$10.4M |
|
|
BGG
1636
DELISTED
Briggs & Stratton Corp.
BGG
| $19.5M | 0.01% |
953,744
+476,872
| +100% | +$10.1M |
|
|
QLGC
1637
DELISTED
QLOGIC CORP
QLGC
| $19.5M | 0.01% |
1,929,580
+1,034,790
| +116% | +$11.1M |
|
1638
Alamos Gold
AGI
$11.6B
| $19.4M | 0.01% |
1,919,342
+959,671
| +100% | +$8.79M |
|
1639
Provident Financial Services
PFS
$3.22B
| $19.4M | 0.01% |
1,120,492
+560,246
| +100% | +$9.73M |
|
1640
National CineMedia
NCMI
$376M
| $19.3M | 0.01% |
110,447
+55,224
| +100% | +$8.79M |
|
1641
Seaboard Corp
SEB
$4.23B
| $19.3M | 0.01% |
6,382
+3,191
| +100% | +$8.54M |
|
1642
Armstrong World Industries
AWI
$7.38B
| $19.2M | 0.01% |
334,674
+81,786
| +32% | +$4.43M |
|
1643
Enpro
NPO
$6.63B
| $19.2M | 0.01% |
262,548
+77,043
| +42% | +$5.55M |
|
1644
AAR Corp
AIR
$5.59B
| $19.1M | 0.01% |
694,334
+347,167
| +100% | +$8.99M |
|
1645
Buckle
BKE
$2.25B
| $19.1M | 0.01% |
431,250
+215,625
| +100% | +$9.85M |
|
|
TUMI
1646
DELISTED
TUMI HLDGS INC COM
TUMI
| $19.1M | 0.01% |
946,784
+473,392
| +100% | +$9.55M |
|
|
DDC
1647
DELISTED
Dominion Diamond Corporation
DDC
| $19M | 0.01% |
1,315,470
+657,735
| +100% | +$8.58M |
|
1648
Integra LifeSciences
IART
$1.29B
| $18.9M | 0.01% |
985,033
+492,517
| +100% | +$9.18M |
|
1649
Hyster-Yale Materials Handling
HY
$599M
| $18.9M | 0.01% |
213,712
+106,856
| +100% | +$9.69M |
|
|
CCC
1650
DELISTED
Calgon Carbon Corp
CCC
| $18.9M | 0.01% |
846,708
+423,354
| +100% | +$9.02M |
|
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.