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 | |
|---|---|---|---|---|---|---|
|
BRLI
1676
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $17.9M | ﹤0.01% |
593,666
+296,833
| +100% | +$8.19M |
|
|
CNSL
1677
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $17.7M | ﹤0.01% |
796,258
+398,129
| +100% | +$8.05M |
|
1678
WesBanco
WSBC
$3.97B
| $17.7M | ﹤0.01% |
569,180
+284,590
| +100% | +$8.62M |
|
1679
Advanced Energy
AEIS
$11.6B
| $17.6M | ﹤0.01% |
913,562
+571,281
| +167% | +$11.7M |
|
|
ALOG
1680
DELISTED
Analogic Corp
ALOG
| $17.6M | ﹤0.01% |
224,496
+112,248
| +100% | +$8.55M |
|
1681
Aaon
AAON
$7.3B
| $17.5M | ﹤0.01% |
1,174,055
+587,028
| +100% | +$7.85M |
|
|
AAWW
1682
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $17.5M | ﹤0.01% |
474,588
+237,294
| +100% | +$8.61M |
|
1683
Interactive Brokers
IBKR
$39.2B
| $17.3M | ﹤0.01% |
2,978,704
+1,489,352
| +100% | +$8.56M |
|
|
EDR
1684
DELISTED
Education Realty Trust Inc
EDR
| $17.3M | ﹤0.01% |
537,566
+188,399
| +54% | +$5.83M |
|
1685
CDW
CDW
$18.9B
| $17.3M | ﹤0.01% |
+541,608
| New | +$15.9M |
|
1686
NovaGold Resources
NG
$2.56B
| $17.3M | ﹤0.01% |
4,084,124
+1,992,062
| +95% | +$7.04M |
|
1687
BGC Group
BGC
$5.45B
| $17.2M | ﹤0.01% |
3,603,081
+1,879,290
| +109% | +$8.64M |
|
1688
Brixmor Property Group
BRX
$9.67B
| $17.2M | ﹤0.01% |
+750,000
| New | +$16.5M |
|
|
AREX
1689
DELISTED
Approach Resources Inc.
AREX
| $17.2M | ﹤0.01% |
756,644
+378,322
| +100% | +$7.68M |
|
|
PNK
1690
DELISTED
Pinnacle Entertainment Inc.
PNK
| $17.1M | ﹤0.01% |
678,954
+182,445
| +37% | +$4.33M |
|
|
CSGS
1691
DELISTED
CSG Systems International
CSGS
| $17.1M | ﹤0.01% |
654,314
+327,157
| +100% | +$8.51M |
|
|
FST
1692
DELISTED
FOREST OIL CORPORATION
FST
| $17.1M | ﹤0.01% |
7,479,914
+6,433,457
| +615% | +$13.7M |
|
1693
McGrath RentCorp
MGRC
$2.81B
| $17M | ﹤0.01% |
461,834
+230,917
| +100% | +$7.81M |
|
|
WW
1694
DELISTED
WW International
WW
| $17M | ﹤0.01% |
841,194
+251,269
| +43% | +$5.38M |
|
1695
TETRA Technologies
TTI
$1.14B
| $17M | ﹤0.01% |
1,440,300
+720,150
| +100% | +$8.65M |
|
1696
Tootsie Roll Industries
TR
$2.93B
| $17M | ﹤0.01% |
821,264
+410,629
| +100% | +$8.27M |
|
1697
Stride
LRN
$3.41B
| $16.9M | ﹤0.01% |
703,952
+351,976
| +100% | +$8.25M |
|
1698
First Majestic Silver
AG
$7.41B
| $16.9M | ﹤0.01% |
1,562,534
+624,169
| +67% | +$5.91M |
|
1699
Granite Construction
GVA
$5.29B
| $16.9M | ﹤0.01% |
469,532
+149,257
| +47% | +$5.45M |
|
1700
Intrepid Potash
IPI
$456M
| $16.9M | ﹤0.01% |
100,669
+50,334
| +100% | +$8.09M |
|
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.