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 |
WFT
Weatherford International plc
WFT
|
+$134M |
| 2 |
Alcoa
AA
|
+$129M |
| 3 |
SWN
Southwestern Energy Company
SWN
|
+$99.6M |
| 4 |
Metallus
MTUS
|
+$92.2M |
| 5 |
Liberty Media Series C
FWONK
|
+$76.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$4.4B |
| 2 |
Blackrock
BLK
|
+$3.79B |
| 3 |
ExxonMobil
XOM
|
+$3.16B |
| 4 |
Microsoft
MSFT
|
+$2.79B |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$2.22B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17% |
| 2 | Technology | 13.81% |
| 3 | Healthcare | 12.74% |
| 4 | Energy | 9.56% |
| 5 | Industrials | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WPRT
1776
Westport Fuel Systems
WPRT
$33.4M
| $6.92M | ﹤0.01% |
65,822
-65,821
| -50% | -$9.88M |
|
|
ASCMA
1777
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $6.92M | ﹤0.01% |
115,016
-115,016
| -50% | -$7.23M |
|
|
ALX
1778
Alexander's
ALX
$1.3B
| $6.91M | ﹤0.01% |
18,487
-18,487
| -50% | -$7.12M |
|
1779
QuidelOrtho
QDEL
$1.14B
| $6.91M | ﹤0.01% |
256,993
-256,993
| -50% | -$6.13M |
|
|
GRP.U
1780
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $6.89M | ﹤0.01% |
199,800
-225,216
| -53% | -$8.39M |
|
|
HNGR
1781
DELISTED
Hanger Inc.
HNGR
| $6.88M | ﹤0.01% |
335,041
-139,665
| -29% | -$3.56M |
|
|
ENOC
1782
DELISTED
EnerNOC, Inc.
ENOC
| $6.87M | ﹤0.01% |
405,106
-405,106
| -50% | -$7.57M |
|
|
IPCC
1783
DELISTED
Infinity Property & Casualty C
IPCC
| $6.86M | ﹤0.01% |
107,209
-107,209
| -50% | -$7.16M |
|
|
JBTM
1784
JBT Marel
JBTM
$7.21B
| $6.86M | ﹤0.01% |
243,771
-243,771
| -50% | -$7.01M |
|
1785
Harmonic Inc
HLIT
$1.25B
| $6.85M | ﹤0.01% |
1,081,090
-1,081,090
| -50% | -$7M |
|
|
LMNX
1786
DELISTED
Luminex Corp
LMNX
| $6.84M | ﹤0.01% |
350,588
-350,588
| -50% | -$6.41M |
|
|
INFN
1787
DELISTED
Infinera Corporation Common Stock
INFN
| $6.83M | ﹤0.01% |
640,130
-763,178
| -54% | -$7.47M |
|
1788
Celldex Therapeutics
CLDX
$2.99B
| $6.82M | ﹤0.01% |
35,103
-52,731
| -60% | -$11.5M |
|
|
ECOL
1789
DELISTED
US Ecology, Inc.
ECOL
| $6.82M | ﹤0.01% |
145,919
-125,919
| -46% | -$5.77M |
|
1790
Nelnet
NNI
$4.88B
| $6.81M | ﹤0.01% |
157,988
-137,484
| -47% | -$5.9M |
|
1791
New Mountain Finance
NMFC
$651M
| $6.8M | ﹤0.01% |
463,229
-463,229
| -50% | -$6.92M |
|
|
CSR
1792
Centerspace
CSR
$921M
| $6.79M | ﹤0.01% |
88,252
-88,252
| -50% | -$7.41M |
|
|
WBMD
1793
DELISTED
WebMD Health Corp.
WBMD
| $6.79M | ﹤0.01% |
162,526
-642,016
| -80% | -$31M |
|
1794
Silicon Laboratories
SLAB
$7.17B
| $6.79M | ﹤0.01% |
166,980
-166,980
| -50% | -$7.35M |
|
|
RTI
1795
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $6.78M | ﹤0.01% |
274,922
-219,200
| -44% | -$5.93M |
|
|
CTCM
1796
DELISTED
CTC MEDIA INC COM STK
CTCM
| $6.76M | ﹤0.01% |
1,016,324
-103,716
| -9% | -$1.01M |
|
|
MCRL
1797
DELISTED
MICREL INC
MCRL
| $6.74M | ﹤0.01% |
560,173
-340,073
| -38% | -$3.98M |
|
|
ISCA
1798
DELISTED
International Speedway Corp
ISCA
| $6.73M | ﹤0.01% |
212,678
-212,678
| -50% | -$6.84M |
|
1799
WisdomTree
WT
$2.96B
| $6.72M | ﹤0.01% |
590,709
-928,261
| -61% | -$10.6M |
|
|
BKS
1800
DELISTED
Barnes & Noble
BKS
| $6.72M | ﹤0.01% |
519,455
-519,455
| -50% | -$7.59M |
|
Similar funds
Norges Bank's Q3 2014 Portfolio in Review
As of Q3 2014, Norges Bank held 2,360 positions worth $185B, down 50% from $371B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Norges Bank withdrew a net $184B in Q3 2014, closing 32 positions and reducing 2,169 holdings. Its most notable exit was Deutsche Bank, an estimated $1.74B position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Norges Bank opened a new position in Metallus worth $92.8M.
- Norges Bank's largest Q3 2014 buy was Metallus: 1,996,282 shares worth $92.8M.
- Norges Bank added most to Weatherford International plc in Q3 2014, an estimated $134M increase.
- Norges Bank's biggest Q3 2014 reduction was Apple, cutting an estimated $4.4B.
- Norges Bank fully exited Deutsche Bank in Q3 2014, selling an estimated $1.74B.
- Norges Bank's ten largest holdings make up 15% of its $185B portfolio in Q3 2014.
- Norges Bank opened 110 new positions and closed 32 in Q3 2014.
- Norges Bank's portfolio value fell 50% quarter-over-quarter to $185B.
Based on Norges Bank's 13F filing for Q3 2014, filed 7 Nov 2014.