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 | |
|---|---|---|---|---|---|---|
151
Intercontinental Exchange
ICE
$85.6B
| $492M | 0.13% |
13,025,600
+8,888,755
| +215% | +$346M |
|
|
PCP
152
DELISTED
PRECISION CASTPARTS CORP
PCP
| $489M | 0.13% |
1,936,610
+968,305
| +100% | +$248M |
|
|
SNDK
153
DELISTED
SANDISK CORP
SNDK
| $488M | 0.13% |
4,673,030
+2,035,663
| +77% | +$185M |
|
154
Parker-Hannifin
PH
$123B
| $483M | 0.13% |
3,837,784
+2,194,732
| +134% | +$274M |
|
155
Trane Technologies
TT
$100B
| $479M | 0.13% |
7,663,762
+4,404,365
| +135% | +$262M |
|
156
CSX Corp
CSX
$93.4B
| $479M | 0.13% |
46,625,520
+16,443,723
| +54% | +$160M |
|
157
General Mills
GIS
$19.1B
| $477M | 0.13% |
9,075,908
+4,407,034
| +94% | +$235M |
|
|
AET
158
DELISTED
Aetna Inc
AET
| $474M | 0.13% |
5,849,208
+2,924,604
| +100% | +$221M |
|
159
Devon Energy
DVN
$52.1B
| $474M | 0.13% |
5,972,434
+2,986,217
| +100% | +$217M |
|
160
Adobe
ADBE
$99.5B
| $473M | 0.13% |
6,529,898
+3,209,731
| +97% | +$207M |
|
|
TYC
161
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $468M | 0.13% |
9,791,512
+5,096,290
| +109% | +$230M |
|
162
Emerson Electric
EMR
$83.9B
| $466M | 0.13% |
7,023,004
+2,903,692
| +70% | +$195M |
|
163
Brookfield
BN
$104B
| $464M | 0.13% |
44,973,293
+22,976,021
| +104% | +$230M |
|
|
DTV
164
DELISTED
DIRECTV COM STK (DE)
DTV
| $458M | 0.12% |
5,387,936
+2,523,236
| +88% | +$206M |
|
165
Southern Company
SO
$109B
| $452M | 0.12% |
9,963,676
+5,189,032
| +109% | +$229M |
|
166
PPG Industries
PPG
$24.6B
| $451M | 0.12% |
4,291,200
+2,108,334
| +97% | +$209M |
|
167
Archer Daniels Midland
ADM
$38.2B
| $451M | 0.12% |
10,221,092
+5,110,546
| +100% | +$226M |
|
168
Magna International
MGA
$18.7B
| $450M | 0.12% |
8,340,752
+4,230,738
| +103% | +$215M |
|
|
MRO
169
DELISTED
Marathon Oil Corporation
MRO
| $449M | 0.12% |
11,235,448
+5,563,523
| +98% | +$205M |
|
|
PXD
170
DELISTED
Pioneer Natural Resource Co.
PXD
| $443M | 0.12% |
1,929,750
+964,875
| +100% | +$199M |
|
171
Franco-Nevada
FNV
$41.1B
| $443M | 0.12% |
7,709,582
+4,692,143
| +156% | +$229M |
|
172
Sempra
SRE
$57.9B
| $441M | 0.12% |
8,429,796
+4,522,504
| +116% | +$225M |
|
173
Valero Energy
VLO
$90.1B
| $441M | 0.12% |
8,804,540
+4,402,270
| +100% | +$243M |
|
174
PACCAR
PCAR
$69.8B
| $441M | 0.12% |
10,526,400
+7,319,700
| +228% | +$313M |
|
175
Cognizant
CTSH
$24.9B
| $437M | 0.12% |
8,939,720
+4,519,860
| +102% | +$220M |
|
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.