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 | |
|---|---|---|---|---|---|---|
1726
Modine Manufacturing
MOD
$10.7B
| $15.9M | ﹤0.01% |
1,010,562
+543,616
| +116% | +$8.37M |
|
|
AHT
1727
Ashford Hospitality Trust
AHT
$20.9M
| $15.9M | ﹤0.01% |
1,474
+737
| +100% | +$7.32M |
|
|
EVER
1728
DELISTED
Everbank Financial Corp
EVER
| $15.8M | ﹤0.01% |
+785,722
| New | +$15.1M |
|
|
CUB
1729
DELISTED
Cubic Corporation
CUB
| $15.8M | ﹤0.01% |
355,202
+177,601
| +100% | +$8.48M |
|
|
PMC
1730
DELISTED
PharMerica Corporation
PMC
| $15.8M | ﹤0.01% |
552,850
+276,425
| +100% | +$7.69M |
|
1731
Zurn Elkay Water Solutions
ZWS
$8.38B
| $15.8M | ﹤0.01% |
1,162,593
+529,396
| +84% | +$7.04M |
|
|
GRP.U
1732
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $15.8M | ﹤0.01% |
425,016
+212,508
| +100% | +$7.84M |
|
|
BXE
1733
DELISTED
Bellatrix Exploration Ltd.
BXE
| $15.7M | ﹤0.01% |
+361,438
| New | +$16.3M |
|
|
ABAX
1734
DELISTED
Abaxis Inc
ABAX
| $15.7M | ﹤0.01% |
354,052
+177,026
| +100% | +$7.37M |
|
1735
Gerdau
GGB
$9.74B
| $15.7M | ﹤0.01% |
3,353,533
+1,676,767
| +100% | +$8.22M |
|
1736
Theravance Biopharma
TBPH
$874M
| $15.7M | ﹤0.01% |
+491,234
| New | +$14.8M |
|
1737
Acacia Research
ACTG
$428M
| $15.6M | ﹤0.01% |
881,396
+440,698
| +100% | +$7.14M |
|
1738
Nexstar Media Group
NXST
$5.82B
| $15.6M | ﹤0.01% |
+303,086
| New | +$13M |
|
1739
Clean Energy Fuels
CLNE
$427M
| $15.6M | ﹤0.01% |
1,329,032
+664,516
| +100% | +$6.59M |
|
|
AUXL
1740
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $15.6M | ﹤0.01% |
775,416
+387,708
| +100% | +$8.89M |
|
|
KNL
1741
DELISTED
Knoll, Inc.
KNL
| $15.5M | ﹤0.01% |
895,386
+447,693
| +100% | +$7.88M |
|
|
BKS
1742
DELISTED
Barnes & Noble
BKS
| $15.5M | ﹤0.01% |
1,038,910
+409,583
| +65% | +$4.94M |
|
1743
Innospec
IOSP
$2.12B
| $15.5M | ﹤0.01% |
358,098
+185,849
| +108% | +$8.01M |
|
1744
Insperity
NSP
$1.93B
| $15.4M | ﹤0.01% |
933,700
+466,850
| +100% | +$7.42M |
|
|
ENOC
1745
DELISTED
EnerNOC, Inc.
ENOC
| $15.4M | ﹤0.01% |
810,212
+512,017
| +172% | +$10.3M |
|
1746
Tronox
TROX
$932M
| $15.3M | ﹤0.01% |
570,002
+110,191
| +24% | +$2.82M |
|
1747
Rogers Communications
RCI
$18.3B
| $15.3M | ﹤0.01% |
380,200
+190,100
| +100% | +$7.69M |
|
1748
Ituran Location and Control
ITRN
$1.09B
| $15.3M | ﹤0.01% |
627,632
+315,154
| +101% | +$7.6M |
|
1749
EXL Service
EXLS
$5.14B
| $15.3M | ﹤0.01% |
2,595,070
+1,297,535
| +100% | +$7.5M |
|
1750
Safety Insurance
SAFT
$1.52B
| $15.3M | ﹤0.01% |
297,000
+148,500
| +100% | +$7.81M |
|
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.