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 | |
|---|---|---|---|---|---|---|
1776
Century Aluminum
CENX
$4.43B
| $14.5M | ﹤0.01% |
923,660
+421,830
| +84% | +$5.98M |
|
1777
First Bancorp
FBP
$4.42B
| $14.5M | ﹤0.01% |
2,661,672
+1,242,836
| +88% | +$6.54M |
|
1778
Azenta
AZTA
$1.3B
| $14.4M | ﹤0.01% |
1,340,178
+670,089
| +100% | +$6.76M |
|
|
PACD
1779
DELISTED
Pacific Drilling S A
PACD
| $14.4M | ﹤0.01% |
144,192
+72,096
| +100% | +$7.22M |
|
|
IPCC
1780
DELISTED
Infinity Property & Casualty C
IPCC
| $14.4M | ﹤0.01% |
214,418
+107,209
| +100% | +$7.01M |
|
|
NXGN
1781
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $14.4M | ﹤0.01% |
896,390
+448,195
| +100% | +$7.09M |
|
|
EGOV
1782
DELISTED
NIC Inc
EGOV
| $14.4M | ﹤0.01% |
906,970
+453,485
| +100% | +$7.91M |
|
|
LNCO
1783
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $14.3M | ﹤0.01% |
458,278
+93,039
| +25% | +$2.63M |
|
1784
Comscore
SCOR
$106M
| $14.3M | ﹤0.01% |
20,202
+4,827
| +31% | +$3.1M |
|
1785
PLDT
PHI
$4.25B
| $14.3M | ﹤0.01% |
212,586
+106,293
| +100% | +$6.9M |
|
|
IPCM
1786
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $14.3M | ﹤0.01% |
322,970
+161,485
| +100% | +$7.03M |
|
|
TBRG
1787
DELISTED
TruBridge
TBRG
| $14.3M | ﹤0.01% |
224,310
+112,155
| +100% | +$7.07M |
|
1788
Encore Capital Group
ECPG
$2.02B
| $14.3M | ﹤0.01% |
314,024
+131,951
| +72% | +$5.84M |
|
|
ANH
1789
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $14.3M | ﹤0.01% |
2,762,278
+1,381,139
| +100% | +$7.34M |
|
|
REXX
1790
DELISTED
Rex Energy Corporation
REXX
| $14.2M | ﹤0.01% |
80,373
+34,337
| +75% | +$6.66M |
|
1791
Pilgrim's Pride
PPC
$6.51B
| $14.2M | ﹤0.01% |
+518,068
| New | +$12.3M |
|
|
ISCA
1792
DELISTED
International Speedway Corp
ISCA
| $14.2M | ﹤0.01% |
425,356
+212,678
| +100% | +$6.75M |
|
|
TCF
1793
DELISTED
TCF Financial Corporation Common Stock
TCF
| $14.2M | ﹤0.01% |
504,086
+252,043
| +100% | +$7.38M |
|
1794
Trex
TREX
$4.51B
| $14.1M | ﹤0.01% |
+1,963,184
| New | +$16.6M |
|
|
AVTA
1795
DELISTED
Avantax, Inc. Common Stock
AVTA
| $14.1M | ﹤0.01% |
749,548
+374,774
| +100% | +$7.06M |
|
1796
Pegasystems
PEGA
$5.02B
| $14.1M | ﹤0.01% |
1,337,496
+677,948
| +103% | +$6.49M |
|
1797
Acco Brands
ACCO
$389M
| $14.1M | ﹤0.01% |
2,202,130
+1,101,065
| +100% | +$6.74M |
|
|
NTUS
1798
DELISTED
Natus Medical Inc
NTUS
| $14.1M | ﹤0.01% |
560,044
+280,022
| +100% | +$6.92M |
|
|
RP
1799
DELISTED
RealPage, Inc.
RP
| $14M | ﹤0.01% |
624,340
+312,170
| +100% | +$6.15M |
|
1800
Kelly Services Class A
KELYA
$514M
| $14M | ﹤0.01% |
816,864
+528,432
| +183% | +$10.4M |
|
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.