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 | |
|---|---|---|---|---|---|---|
|
ORIT
1801
DELISTED
Oritani Financial Corp. New
ORIT
| $6.68M | ﹤0.01% |
474,333
-474,333
| -50% | -$7.05M |
|
1802
Employers Holdings
EIG
$908M
| $6.68M | ﹤0.01% |
346,812
-216,046
| -38% | -$4.5M |
|
1803
Extreme Networks
EXTR
$3.94B
| $6.66M | ﹤0.01% |
1,391,230
-1,391,230
| -50% | -$6.75M |
|
|
BFS
1804
Saul Centers
BFS
$836M
| $6.66M | ﹤0.01% |
142,503
-142,503
| -50% | -$6.95M |
|
1805
Aaon
AAON
$7.3B
| $6.66M | ﹤0.01% |
587,027
-587,028
| -50% | -$7.65M |
|
1806
Coherent
COHR
$51.4B
| $6.62M | ﹤0.01% |
562,065
-562,065
| -50% | -$7.65M |
|
1807
CorVel
CRVL
$3.06B
| $6.61M | ﹤0.01% |
582,468
-414,684
| -42% | -$5.59M |
|
1808
Ituran Location and Control
ITRN
$1.09B
| $6.6M | ﹤0.01% |
313,816
-313,816
| -50% | -$7.03M |
|
|
PVG
1809
DELISTED
PRETIUM RESOURCES INC.
PVG
| $6.6M | ﹤0.01% |
1,260,896
-2,655,896
| -68% | -$18.6M |
|
1810
AMC Global Media
AMCX
$492M
| $6.57M | ﹤0.01% |
112,394
-112,394
| -50% | -$6.93M |
|
|
CBB
1811
DELISTED
Cincinnati Bell Inc.
CBB
| $6.51M | ﹤0.01% |
386,354
-386,355
| -50% | -$7.27M |
|
1812
Ezcorp Inc
EZPW
$1.83B
| $6.49M | ﹤0.01% |
655,073
-225,183
| -26% | -$2.34M |
|
1813
Vera Bradley
VRA
$97M
| $6.47M | ﹤0.01% |
312,835
-182,287
| -37% | -$3.84M |
|
|
NSM
1814
DELISTED
Nationstar Mortgage Holdings
NSM
| $6.47M | ﹤0.01% |
188,886
-71,114
| -27% | -$2.36M |
|
1815
Intrepid Potash
IPI
$456M
| $6.47M | ﹤0.01% |
41,850
-58,819
| -58% | -$9.06M |
|
|
AUXL
1816
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $6.46M | ﹤0.01% |
216,279
-559,137
| -72% | -$11.9M |
|
|
AAWW
1817
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $6.43M | ﹤0.01% |
194,728
-279,860
| -59% | -$9.68M |
|
1818
Innospec
IOSP
$2.12B
| $6.43M | ﹤0.01% |
179,049
-179,049
| -50% | -$7.27M |
|
1819
Ubiquiti
UI
$33.7B
| $6.41M | ﹤0.01% |
170,825
-127,185
| -43% | -$5.4M |
|
1820
Forestar Group
FOR
$1.44B
| $6.4M | ﹤0.01% |
361,191
-361,191
| -50% | -$6.92M |
|
1821
S&T Bancorp
STBA
$1.84B
| $6.4M | ﹤0.01% |
272,594
-272,594
| -50% | -$6.71M |
|
1822
Azenta
AZTA
$1.3B
| $6.39M | ﹤0.01% |
608,117
-732,061
| -55% | -$7.86M |
|
1823
Gerdau
GGB
$9.74B
| $6.39M | ﹤0.01% |
1,676,766
-1,676,767
| -50% | -$7.67M |
|
1824
Renasant Corp
RNST
$3.98B
| $6.39M | ﹤0.01% |
236,083
-236,083
| -50% | -$6.75M |
|
1825
Insperity
NSP
$1.93B
| $6.38M | ﹤0.01% |
466,850
-466,850
| -50% | -$7.11M |
|
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.