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 | |
|---|---|---|---|---|---|---|
|
NCI
1751
DELISTED
Navigant Consulting, Inc.
NCI
| $15.2M | ﹤0.01% |
873,654
+436,827
| +100% | +$7.57M |
|
1752
ESCO Technologies
ESE
$8.17B
| $15.2M | ﹤0.01% |
439,056
+200,828
| +84% | +$6.87M |
|
|
ASCMA
1753
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $15.2M | ﹤0.01% |
230,032
+115,016
| +100% | +$7.65M |
|
|
CBB
1754
DELISTED
Cincinnati Bell Inc.
CBB
| $15.2M | ﹤0.01% |
772,709
+386,355
| +100% | +$7.07M |
|
|
XCO
1755
DELISTED
Exco Resources
XCO
| $15.2M | ﹤0.01% |
171,805
+49,527
| +41% | +$4.21M |
|
|
AY
1756
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $15.1M | ﹤0.01% |
+400,000
| New | +$15.1M |
|
|
JBTM
1757
JBT Marel
JBTM
$7.21B
| $15.1M | ﹤0.01% |
487,542
+243,771
| +100% | +$7.25M |
|
|
IPHS
1758
DELISTED
Innophos Holdings, Inc.
IPHS
| $15.1M | ﹤0.01% |
262,046
+131,023
| +100% | +$7.15M |
|
|
UTIW
1759
DELISTED
UTI WORLDWIDE INC
UTIW
| $15M | ﹤0.01% |
1,454,730
+507,365
| +54% | +$5.03M |
|
1760
Delek US
DK
$4.16B
| $15M | ﹤0.01% |
532,352
+137,601
| +35% | +$4.23M |
|
1761
CorVel
CRVL
$3.06B
| $15M | ﹤0.01% |
997,152
+507,876
| +104% | +$7.91M |
|
1762
Omnicell
OMCL
$1.61B
| $15M | ﹤0.01% |
522,532
+261,266
| +100% | +$7.05M |
|
|
FIO
1763
DELISTED
FUSION-IO INC COM
FIO
| $14.9M | ﹤0.01% |
1,322,840
+561,420
| +74% | +$5.21M |
|
|
HNGR
1764
DELISTED
Hanger Inc.
HNGR
| $14.9M | ﹤0.01% |
474,706
+237,353
| +100% | +$7.64M |
|
|
SUSS
1765
DELISTED
SUSSER HOLDINGS CORPORATION COMMON STOCK
SUSS
| $14.9M | ﹤0.01% |
+184,636
| New | +$13.7M |
|
|
FARO
1766
DELISTED
Faro Technologies
FARO
| $14.8M | ﹤0.01% |
300,922
+150,461
| +100% | +$6.89M |
|
1767
Evercore
EVR
$12.4B
| $14.7M | ﹤0.01% |
255,800
+174,500
| +215% | +$9.57M |
|
|
MANT
1768
DELISTED
Mantech International Corp
MANT
| $14.7M | ﹤0.01% |
498,464
+249,232
| +100% | +$7.35M |
|
|
SYKE
1769
DELISTED
SYKES Enterprises Inc
SYKE
| $14.7M | ﹤0.01% |
676,116
+338,058
| +100% | +$6.86M |
|
|
IO
1770
DELISTED
ION Geophysical Corporation
IO
| $14.7M | ﹤0.01% |
231,882
+115,941
| +100% | +$7.31M |
|
|
CLVS
1771
DELISTED
Clovis Oncology, Inc.
CLVS
| $14.7M | ﹤0.01% |
+353,974
| New | +$18.2M |
|
1772
DXP Enterprises
DXPE
$2.43B
| $14.6M | ﹤0.01% |
+193,600
| New | +$16.8M |
|
|
MHR
1773
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $14.6M | ﹤0.01% |
+1,781,758
| New | +$14.5M |
|
|
ORIT
1774
DELISTED
Oritani Financial Corp. New
ORIT
| $14.6M | ﹤0.01% |
948,666
+474,333
| +100% | +$7.19M |
|
1775
Geospace Technologies
GEOS
$94.6M
| $14.6M | ﹤0.01% |
264,778
+166,174
| +169% | +$9.34M |
|
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.