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 | |
|---|---|---|---|---|---|---|
|
AMED
1826
DELISTED
Amedisys
AMED
| $6.38M | ﹤0.01% |
316,325
-316,325
| -50% | -$6.1M |
|
|
RSTI
1827
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $6.37M | ﹤0.01% |
276,157
-276,157
| -50% | -$6.38M |
|
1828
Badger Meter
BMI
$3.89B
| $6.36M | ﹤0.01% |
252,062
-252,062
| -50% | -$6.47M |
|
1829
Liquidity Services
LQDT
$1.22B
| $6.35M | ﹤0.01% |
462,059
-4,597
| -1% | -$66K |
|
|
BGC
1830
DELISTED
General Cable Corporation
BGC
| $6.33M | ﹤0.01% |
419,831
-419,831
| -50% | -$9.19M |
|
1831
Coty
COTY
$2.42B
| $6.32M | ﹤0.01% |
381,603
-152,905
| -29% | -$2.67M |
|
|
PRFT
1832
DELISTED
Perficient Inc
PRFT
| $6.31M | ﹤0.01% |
420,728
-258,814
| -38% | -$4.51M |
|
|
EOCC
1833
DELISTED
Enel Generacion Chile S.A.
EOCC
| $6.29M | ﹤0.01% |
206,586
-758,830
| -79% | -$24.1M |
|
|
REXX
1834
DELISTED
Rex Energy Corporation
REXX
| $6.25M | ﹤0.01% |
49,321
-31,052
| -39% | -$4.56M |
|
|
NAVG
1835
DELISTED
Navigators Group Inc
NAVG
| $6.24M | ﹤0.01% |
202,922
-202,922
| -50% | -$6.45M |
|
|
FRAN
1836
DELISTED
Francesca's Holdings Corporation
FRAN
| $6.22M | ﹤0.01% |
37,211
-29,331
| -44% | -$4.85M |
|
1837
Green Dot
GDOT
$743M
| $6.21M | ﹤0.01% |
293,926
-208,492
| -41% | -$3.91M |
|
|
DEL
1838
DELISTED
Deltic Timber
DEL
| $6.21M | ﹤0.01% |
99,656
-99,656
| -50% | -$6.33M |
|
|
FTD
1839
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $6.15M | ﹤0.01% |
180,356
-180,356
| -50% | -$5.86M |
|
1840
Nexstar Media Group
NXST
$5.82B
| $6.13M | ﹤0.01% |
151,543
-151,543
| -50% | -$7.03M |
|
1841
Biglari Holdings Class B
BH
$1.25B
| $6.12M | ﹤0.01% |
27,011
-22,372
| -45% | -$5.59M |
|
|
RICE
1842
DELISTED
Rice Energy Inc.
RICE
| $6.12M | ﹤0.01% |
+229,924
| New | +$6.42M |
|
1843
First Majestic Silver
AG
$7.41B
| $6.1M | ﹤0.01% |
781,267
-781,267
| -50% | -$7.73M |
|
1844
Arcos Dorados Holdings
ARCO
$1.72B
| $6.1M | ﹤0.01% |
1,048,808
-1,396,046
| -57% | -$11.3M |
|
1845
Caesarstone
CSTE
$72.3M
| $6.1M | ﹤0.01% |
118,000
-32,000
| -21% | -$1.59M |
|
1846
Koppers
KOP
$943M
| $6.07M | ﹤0.01% |
183,163
-123,805
| -40% | -$4.49M |
|
|
AD
1847
Array Digital Infrastructure
AD
$3.01B
| $6.07M | ﹤0.01% |
170,973
-170,973
| -50% | -$6.51M |
|
|
STNR
1848
DELISTED
STEINER LEISURE LTD
STNR
| $6.06M | ﹤0.01% |
161,251
-110,619
| -41% | -$4.51M |
|
1849
UFP Industries
UFPI
$4.9B
| $6.05M | ﹤0.01% |
425,283
-425,283
| -50% | -$6.56M |
|
|
SIMG
1850
DELISTED
SILICON IMAGE INC
SIMG
| $6.05M | ﹤0.01% |
1,200,950
-675,124
| -36% | -$3.36M |
|
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.