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 | |
|---|---|---|---|---|---|---|
1676
Independent Bank
INDB
$3.99B
| $8.57M | ﹤0.01% |
239,820
-239,820
| -50% | -$8.84M |
|
1677
Seaboard Corp
SEB
$4.23B
| $8.54M | ﹤0.01% |
3,191
-3,191
| -50% | -$9.14M |
|
|
PNK
1678
DELISTED
Pinnacle Entertainment Inc.
PNK
| $8.52M | ﹤0.01% |
339,477
-339,477
| -50% | -$8.33M |
|
|
FARO
1679
DELISTED
Faro Technologies
FARO
| $8.46M | ﹤0.01% |
166,743
-134,179
| -45% | -$6.97M |
|
|
AF
1680
DELISTED
Astoria Financial Corporation
AF
| $8.46M | ﹤0.01% |
682,662
-1,120,228
| -62% | -$14.6M |
|
1681
Rogers Corp
ROG
$2.21B
| $8.43M | ﹤0.01% |
153,992
-153,992
| -50% | -$9.31M |
|
|
PF
1682
DELISTED
Pinnacle Foods, Inc.
PF
| $8.34M | ﹤0.01% |
255,340
-255,340
| -50% | -$8.08M |
|
|
BRLI
1683
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $8.33M | ﹤0.01% |
296,833
-296,833
| -50% | -$9.04M |
|
|
SASR
1684
DELISTED
Sandy Spring Bancorp Inc
SASR
| $8.3M | ﹤0.01% |
362,746
-362,746
| -50% | -$8.66M |
|
1685
W&T Offshore
WTI
$534M
| $8.29M | ﹤0.01% |
753,468
+133,592
| +22% | +$1.87M |
|
1686
Primoris Services
PRIM
$4.58B
| $8.26M | ﹤0.01% |
307,663
+186,663
| +154% | +$5.12M |
|
1687
Astec Industries
ASTE
$1.16B
| $8.24M | ﹤0.01% |
226,042
-226,042
| -50% | -$9.17M |
|
1688
EXL Service
EXLS
$5.14B
| $8.24M | ﹤0.01% |
1,688,335
-906,735
| -35% | -$5.03M |
|
1689
Pegasystems
PEGA
$5.02B
| $8.24M | ﹤0.01% |
861,932
-475,564
| -36% | -$5.13M |
|
1690
OSI Systems
OSIS
$3.65B
| $8.22M | ﹤0.01% |
129,434
-231,624
| -64% | -$15.4M |
|
|
AVX
1691
DELISTED
AVX Corporation
AVX
| $8.21M | ﹤0.01% |
618,595
-618,595
| -50% | -$8.32M |
|
1692
Albany International
AIN
$2.11B
| $8.19M | ﹤0.01% |
240,646
-240,646
| -50% | -$8.92M |
|
|
EGOV
1693
DELISTED
NIC Inc
EGOV
| $8.16M | ﹤0.01% |
474,044
-432,926
| -48% | -$7.63M |
|
|
INVN
1694
DELISTED
Invensense Inc
INVN
| $8.14M | ﹤0.01% |
412,566
-652,566
| -61% | -$15.4M |
|
1695
Standex International
SXI
$3.59B
| $8.11M | ﹤0.01% |
109,314
-109,314
| -50% | -$7.91M |
|
|
ARNA
1696
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $8.09M | ﹤0.01% |
193,078
-193,078
| -50% | -$8.62M |
|
1697
World Acceptance Corp
WRLD
$838M
| $8.09M | ﹤0.01% |
119,831
-119,831
| -50% | -$9.29M |
|
|
QLGC
1698
DELISTED
QLOGIC CORP
QLGC
| $8.08M | ﹤0.01% |
882,207
-1,047,373
| -54% | -$9.97M |
|
|
TBRG
1699
DELISTED
TruBridge
TBRG
| $8.08M | ﹤0.01% |
140,487
-83,823
| -37% | -$5.23M |
|
1700
Tootsie Roll Industries
TR
$2.93B
| $8.06M | ﹤0.01% |
410,632
-410,632
| -50% | -$8.05M |
|
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.