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 | |
|---|---|---|---|---|---|---|
1801
Comtech Telecommunications
CMTL
$50.3M
| $14M | ﹤0.01% |
375,666
+187,833
| +100% | +$6.3M |
|
|
AD
1802
Array Digital Infrastructure
AD
$3.01B
| $13.9M | ﹤0.01% |
341,946
+170,973
| +100% | +$7.02M |
|
1803
Ribbon Communications
RBBN
$377M
| $13.9M | ﹤0.01% |
776,042
+288,021
| +59% | +$4.87M |
|
1804
Diana Shipping
DSX
$302M
| $13.9M | ﹤0.01% |
1,827,229
+913,615
| +100% | +$7.28M |
|
|
CHSP
1805
DELISTED
Chesapeake Lodging Trust
CHSP
| $13.9M | ﹤0.01% |
+458,354
| New | +$12.9M |
|
|
BFS
1806
Saul Centers
BFS
$836M
| $13.9M | ﹤0.01% |
285,006
+142,503
| +100% | +$6.75M |
|
1807
Bright Horizons
BFAM
$3.92B
| $13.8M | ﹤0.01% |
+322,436
| New | +$13.1M |
|
1808
AMC Global Media
AMCX
$492M
| $13.8M | ﹤0.01% |
224,788
+112,394
| +100% | +$7.19M |
|
1809
Ethan Allen Interiors
ETD
$570M
| $13.8M | ﹤0.01% |
558,614
+279,307
| +100% | +$6.83M |
|
1810
Forestar Group
FOR
$1.44B
| $13.8M | ﹤0.01% |
722,382
+361,191
| +100% | +$6.42M |
|
1811
New Mountain Finance
NMFC
$651M
| $13.8M | ﹤0.01% |
+926,458
| New | +$13.3M |
|
|
BLT
1812
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $13.7M | ﹤0.01% |
973,944
+486,972
| +100% | +$5.92M |
|
1813
Piper Sandler
PIPR
$5.12B
| $13.7M | ﹤0.01% |
1,061,568
+530,784
| +100% | +$5.97M |
|
1814
Renasant Corp
RNST
$3.98B
| $13.7M | ﹤0.01% |
472,166
+236,083
| +100% | +$6.63M |
|
|
PKD
1815
DELISTED
Parker Drilling Company
PKD
| $13.7M | ﹤0.01% |
140,318
+76,826
| +121% | +$7.61M |
|
1816
Regis Corp
RGS
$68.4M
| $13.7M | ﹤0.01% |
48,690
+24,345
| +100% | +$6.6M |
|
1817
UFP Industries
UFPI
$4.9B
| $13.7M | ﹤0.01% |
850,566
+425,283
| +100% | +$7.17M |
|
|
ALX
1818
Alexander's
ALX
$1.3B
| $13.7M | ﹤0.01% |
36,974
+18,487
| +100% | +$6.63M |
|
|
NDZ
1819
DELISTED
NORDION INC COM STK (CDA)
NDZ
| $13.6M | ﹤0.01% |
1,082,892
+541,446
| +100% | +$6.56M |
|
|
ABMD
1820
DELISTED
Abiomed Inc
ABMD
| $13.6M | ﹤0.01% |
541,342
+226,840
| +72% | +$5.28M |
|
|
NAVG
1821
DELISTED
Navigators Group Inc
NAVG
| $13.6M | ﹤0.01% |
405,844
+202,922
| +100% | +$6.23M |
|
1822
S&T Bancorp
STBA
$1.84B
| $13.5M | ﹤0.01% |
545,188
+272,594
| +100% | +$6.48M |
|
1823
Methode Electronics
MEI
$496M
| $13.5M | ﹤0.01% |
353,320
+28,050
| +9% | +$858K |
|
1824
China Yuchai International
CYD
$1.77B
| $13.5M | ﹤0.01% |
634,846
+306,523
| +93% | +$6.4M |
|
1825
Ubiquiti
UI
$33.7B
| $13.5M | ﹤0.01% |
+298,010
| New | +$11.7M |
|
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.