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 | |
|---|---|---|---|---|---|---|
|
PF
1701
DELISTED
Pinnacle Foods, Inc.
PF
| $16.8M | ﹤0.01% |
510,680
+378,167
| +285% | +$11.9M |
|
|
SHLM
1702
DELISTED
Schulman (A.) Inc
SHLM
| $16.7M | ﹤0.01% |
432,788
+216,394
| +100% | +$7.79M |
|
1703
JetBlue
JBLU
$2.28B
| $16.6M | ﹤0.01% |
1,527,950
+813,975
| +114% | +$7.52M |
|
1704
BJ's Restaurants
BJRI
$1.42B
| $16.5M | ﹤0.01% |
473,852
+236,926
| +100% | +$7.54M |
|
1705
Matrix Service
MTRX
$326M
| $16.5M | ﹤0.01% |
504,234
+252,117
| +100% | +$8.32M |
|
1706
Hecla Mining
HL
$9.47B
| $16.5M | ﹤0.01% |
4,785,826
+1,992,913
| +71% | +$6.12M |
|
1707
Resources Connection
RGP
$151M
| $16.5M | ﹤0.01% |
1,256,628
+916,314
| +269% | +$11.9M |
|
1708
Silicon Laboratories
SLAB
$7.17B
| $16.4M | ﹤0.01% |
333,960
-26,310
| -7% | -$1.25M |
|
|
AVX
1709
DELISTED
AVX Corporation
AVX
| $16.4M | ﹤0.01% |
1,237,190
+618,595
| +100% | +$8.21M |
|
1710
Team
TISI
$79.5M
| $16.4M | ﹤0.01% |
39,940
+19,970
| +100% | +$8.3M |
|
|
AEGN
1711
DELISTED
Aegion Corp
AEGN
| $16.4M | ﹤0.01% |
703,620
+351,810
| +100% | +$8.36M |
|
1712
Titan International
TWI
$466M
| $16.3M | ﹤0.01% |
968,894
+484,447
| +100% | +$8.12M |
|
1713
Rush Enterprises Class A
RUSHA
$6.2B
| $16.3M | ﹤0.01% |
1,057,360
+528,680
| +100% | +$7.81M |
|
1714
Standex International
SXI
$3.59B
| $16.3M | ﹤0.01% |
218,628
+109,314
| +100% | +$7.5M |
|
|
CSR
1715
Centerspace
CSR
$921M
| $16.3M | ﹤0.01% |
176,504
+88,252
| +100% | +$7.82M |
|
1716
Coherent
COHR
$51.4B
| $16.3M | ﹤0.01% |
1,124,130
+562,065
| +100% | +$7.97M |
|
1717
Apogee Enterprises
APOG
$826M
| $16.2M | ﹤0.01% |
465,124
+232,562
| +100% | +$7.25M |
|
1718
Federal Signal
FSS
$7.63B
| $16.2M | ﹤0.01% |
1,103,996
+551,998
| +100% | +$8.08M |
|
|
ARII
1719
DELISTED
American Railcar Industries, Inc.
ARII
| $16.1M | ﹤0.01% |
238,104
+119,052
| +100% | +$7.67M |
|
1720
Harmonic Inc
HLIT
$1.25B
| $16.1M | ﹤0.01% |
2,162,180
+1,081,090
| +100% | +$7.78M |
|
|
KG
1721
Kestrel Group
KG
$69.4M
| $16M | ﹤0.01% |
66,302
+33,151
| +100% | +$8.08M |
|
|
MWW
1722
DELISTED
Monster Worldwide Inc
MWW
| $16M | ﹤0.01% |
2,450,376
+1,225,188
| +100% | +$7.69M |
|
|
HRG
1723
DELISTED
HRG Group, Inc.
HRG
| $16M | ﹤0.01% |
+1,258,970
| New | +$15.1M |
|
|
WAIR
1724
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $16M | ﹤0.01% |
+799,532
| New | +$16.7M |
|
|
LOGM
1725
DELISTED
LogMein, Inc.
LOGM
| $15.9M | ﹤0.01% |
342,012
+108,774
| +47% | +$4.69M |
|
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.