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 | |
|---|---|---|---|---|---|---|
|
AUQ
1851
DELISTED
AURICO GOLD INC COM
AUQ
| $12.3M | ﹤0.01% |
2,880,382
+810,011
| +39% | +$3.28M |
|
1852
Nelnet
NNI
$4.88B
| $12.2M | ﹤0.01% |
295,472
+147,736
| +100% | +$6.05M |
|
|
SFY
1853
DELISTED
SWIFT ENERGY CO (HOLDING COMPANY)
SFY
| $12.2M | ﹤0.01% |
942,654
+471,327
| +100% | +$5.37M |
|
|
RDEN
1854
DELISTED
ELIZABETH ARDEN INC
RDEN
| $12.2M | ﹤0.01% |
570,778
+285,389
| +100% | +$8.21M |
|
|
CALY
1855
Callaway Golf Company
CALY
$3.32B
| $12.2M | ﹤0.01% |
1,467,178
+733,589
| +100% | +$6.31M |
|
|
NEWP
1856
DELISTED
NEWPORT CORP
NEWP
| $12.2M | ﹤0.01% |
658,626
+329,313
| +100% | +$6.16M |
|
1857
Strategic Education
STRA
$1.85B
| $12.2M | ﹤0.01% |
231,844
+115,922
| +100% | +$5.86M |
|
1858
Quanex
NX
$819M
| $12.2M | ﹤0.01% |
681,162
+340,581
| +100% | +$6.38M |
|
|
MCF
1859
DELISTED
Contango Oil & Gas Co.
MCF
| $12.2M | ﹤0.01% |
287,606
+143,803
| +100% | +$6.4M |
|
|
BRKL
1860
DELISTED
Brookline Bancorp
BRKL
| $12.2M | ﹤0.01% |
1,297,046
+648,523
| +100% | +$5.92M |
|
1861
ICU Medical
ICUI
$4.21B
| $12.1M | ﹤0.01% |
199,462
+99,731
| +100% | +$5.89M |
|
1862
Comfort Systems
FIX
$60.9B
| $12.1M | ﹤0.01% |
764,868
+436,534
| +133% | +$6.82M |
|
1863
Materion
MTRN
$4.39B
| $12.1M | ﹤0.01% |
326,412
+163,206
| +100% | +$5.65M |
|
|
FFG
1864
DELISTED
FBL Financial Group
FFG
| $12.1M | ﹤0.01% |
262,004
+131,002
| +100% | +$5.82M |
|
|
DEL
1865
DELISTED
Deltic Timber
DEL
| $12M | ﹤0.01% |
199,312
+99,656
| +100% | +$6.09M |
|
|
LMNX
1866
DELISTED
Luminex Corp
LMNX
| $12M | ﹤0.01% |
701,176
+350,588
| +100% | +$6.17M |
|
|
SSI
1867
DELISTED
Stage Stores Inc
SSI
| $12M | ﹤0.01% |
641,724
+320,862
| +100% | +$6.43M |
|
1868
Simmons First National
SFNC
$3.41B
| $12M | ﹤0.01% |
608,616
+304,308
| +100% | +$5.91M |
|
1869
Employers Holdings
EIG
$908M
| $11.9M | ﹤0.01% |
562,858
+281,429
| +100% | +$5.89M |
|
|
AXON
1870
Axon Enterprise
AXON
$42.5B
| $11.9M | ﹤0.01% |
895,910
+447,955
| +100% | +$6.66M |
|
|
WEB
1871
DELISTED
Web.com Group, Inc.
WEB
| $11.9M | ﹤0.01% |
+412,594
| New | +$13.6M |
|
1872
SiriusXM
SIRI
$9.98B
| $11.9M | ﹤0.01% |
343,670
+171,835
| +100% | +$5.59M |
|
1873
Washington Trust Bancorp
WASH
$743M
| $11.9M | ﹤0.01% |
322,454
+161,227
| +100% | +$5.7M |
|
1874
AeroVironment
AVAV
$7.56B
| $11.8M | ﹤0.01% |
371,280
+185,640
| +100% | +$6.29M |
|
1875
Boyd Gaming
BYD
$6.18B
| $11.8M | ﹤0.01% |
972,086
+312,970
| +47% | +$3.62M |
|
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.