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 | |
|---|---|---|---|---|---|---|
1826
City Holding Co
CHCO
$2.05B
| $13.5M | ﹤0.01% |
298,358
+149,179
| +100% | +$6.53M |
|
1827
eHealth
EHTH
$42.2M
| $13.5M | ﹤0.01% |
354,396
+177,198
| +100% | +$7.02M |
|
|
CTCT
1828
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $13.4M | ﹤0.01% |
417,294
+126,527
| +44% | +$3.52M |
|
|
ECOL
1829
DELISTED
US Ecology, Inc.
ECOL
| $13.3M | ﹤0.01% |
271,838
+135,919
| +100% | +$6.24M |
|
1830
Shenandoah Telecom
SHEN
$664M
| $13.3M | ﹤0.01% |
872,084
+436,042
| +100% | +$6.21M |
|
|
RSTI
1831
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $13.3M | ﹤0.01% |
552,314
+276,157
| +100% | +$6.42M |
|
1832
Badger Meter
BMI
$3.89B
| $13.3M | ﹤0.01% |
504,124
+252,062
| +100% | +$6.45M |
|
|
EGL
1833
DELISTED
Engility Holdings, Inc.
EGL
| $13.3M | ﹤0.01% |
346,656
+173,328
| +100% | +$7.18M |
|
1834
Saic
SAIC
$4.95B
| $13.3M | ﹤0.01% |
300,138
+190,396
| +173% | +$7.52M |
|
|
PRFT
1835
DELISTED
Perficient Inc
PRFT
| $13.2M | ﹤0.01% |
679,542
+339,771
| +100% | +$6.15M |
|
1836
United Fire Group
UFCS
$1.32B
| $13.2M | ﹤0.01% |
449,824
+224,912
| +100% | +$6.42M |
|
|
RTI
1837
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $13.1M | ﹤0.01% |
494,122
+247,061
| +100% | +$6.62M |
|
1838
Red Robin
RRGB
$145M
| $13M | ﹤0.01% |
183,110
+91,555
| +100% | +$6.4M |
|
|
MDR
1839
DELISTED
McDermott International
MDR
| $12.9M | ﹤0.01% |
533,609
-431,951
| -45% | -$9.49M |
|
1840
Winnebago Industries
WGO
$856M
| $12.9M | ﹤0.01% |
514,208
+257,104
| +100% | +$6.32M |
|
|
ANK
1841
DELISTED
ATLANTIC TELE-NETWORK,INC
ANK
| $12.9M | ﹤0.01% |
223,046
+111,523
| +100% | +$6.47M |
|
1842
Biglari Holdings Class B
BH
$1.25B
| $12.9M | ﹤0.01% |
49,383
+24,692
| +100% | +$6.64M |
|
|
INFN
1843
DELISTED
Infinera Corporation Common Stock
INFN
| $12.9M | ﹤0.01% |
1,403,308
+324,654
| +30% | +$2.88M |
|
1844
Warner Bros
WBD
$65.9B
| $12.7M | ﹤0.01% |
335,532
+194,105
| +137% | +$7.64M |
|
|
HERO
1845
DELISTED
HERCULES OFFSHORE INC COM STK
HERO
| $12.6M | ﹤0.01% |
3,123,920
+1,561,960
| +100% | +$6.98M |
|
|
PRMW
1846
DELISTED
Primo Water Corporation
PRMW
| $12.5M | ﹤0.01% |
1,771,562
+885,781
| +100% | +$6.66M |
|
|
RTK
1847
DELISTED
Rentech, Inc.
RTK
| $12.5M | ﹤0.01% |
482,626
+104,213
| +28% | +$2.32M |
|
|
RATE
1848
DELISTED
Bankrate Inc
RATE
| $12.4M | ﹤0.01% |
709,296
+354,648
| +100% | +$5.81M |
|
1849
Extreme Networks
EXTR
$3.94B
| $12.4M | ﹤0.01% |
2,782,460
+1,965,228
| +240% | +$9.27M |
|
|
CTCM
1850
DELISTED
CTC MEDIA INC COM STK
CTCM
| $12.3M | ﹤0.01% |
1,120,040
+560,020
| +100% | +$5.49M |
|
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.