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 | |
|---|---|---|---|---|---|---|
|
IRC
1651
DELISTED
INLAND REAL ESTATE CORP
IRC
| $18.9M | 0.01% |
1,775,732
+887,866
| +100% | +$9.34M |
|
1652
First Financial Bancorp
FFBC
$3.55B
| $18.8M | 0.01% |
1,093,232
+546,616
| +100% | +$9.14M |
|
1653
WisdomTree
WT
$2.96B
| $18.8M | 0.01% |
+1,518,970
| New | +$17.2M |
|
1654
First Commonwealth Financial
FCF
$2.18B
| $18.7M | 0.01% |
2,032,098
+964,049
| +90% | +$8.46M |
|
1655
Antero Resources
AR
$11.1B
| $18.7M | 0.01% |
+285,450
| New | +$18.1M |
|
|
FCS
1656
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $18.7M | 0.01% |
1,199,686
+321,146
| +37% | +$4.53M |
|
1657
Cato Corp
CATO
$68.3M
| $18.7M | 0.01% |
604,290
+347,145
| +135% | +$10.1M |
|
1658
LCI Industries
LCII
$2.49B
| $18.5M | 0.01% |
370,874
+225,955
| +156% | +$11.3M |
|
1659
Scholastic
SCHL
$767M
| $18.5M | 0.01% |
543,294
+271,647
| +100% | +$8.86M |
|
|
RPT
1660
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $18.5M | 0.01% |
1,114,304
+557,152
| +100% | +$9.16M |
|
|
GK
1661
DELISTED
G&K Services Inc
GK
| $18.5M | 0.01% |
355,232
+182,616
| +106% | +$9.92M |
|
1662
Greenlight Captial
GLRE
$552M
| $18.5M | 0.01% |
561,386
+280,693
| +100% | +$9.08M |
|
|
WIRE
1663
DELISTED
Encore Wire Corp
WIRE
| $18.5M | 0.01% |
376,822
+188,411
| +100% | +$9.16M |
|
1664
Independent Bank
INDB
$3.99B
| $18.4M | 0.01% |
479,640
+239,820
| +100% | +$8.98M |
|
|
MDAS
1665
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $18.3M | ﹤0.01% |
803,020
+359,956
| +81% | +$8.42M |
|
1666
Zions Bancorporation
ZION
$10.2B
| $18.3M | ﹤0.01% |
620,826
+416,084
| +203% | +$12.2M |
|
|
ILG
1667
DELISTED
ILG, Inc Common Stock
ILG
| $18.3M | ﹤0.01% |
833,174
+416,587
| +100% | +$9.61M |
|
1668
Albany International
AIN
$2.11B
| $18.3M | ﹤0.01% |
481,292
+215,646
| +81% | +$7.84M |
|
1669
Lattice Semiconductor
LSCC
$17.6B
| $18.3M | ﹤0.01% |
2,213,610
+1,174,805
| +113% | +$9.5M |
|
1670
American Public Education
APEI
$890M
| $18.2M | ﹤0.01% |
530,200
+369,202
| +229% | +$12.9M |
|
1671
World Acceptance Corp
WRLD
$838M
| $18.2M | ﹤0.01% |
239,662
+119,831
| +100% | +$9.33M |
|
|
TGH
1672
DELISTED
Textainer Group Holdings limited
TGH
| $18.2M | ﹤0.01% |
470,888
+235,444
| +100% | +$9.15M |
|
1673
The Mosaic Company
MOS
$7.03B
| $18.2M | ﹤0.01% |
367,126
+165,423
| +82% | +$8.15M |
|
|
JE
1674
DELISTED
Just Energy Group Inc
JE
| $18.1M | ﹤0.01% |
95,337
+49,137
| +106% | +$11.1M |
|
|
SASR
1675
DELISTED
Sandy Spring Bancorp Inc
SASR
| $18.1M | ﹤0.01% |
725,492
+362,746
| +100% | +$8.76M |
|
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.