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 | |
|---|---|---|---|---|---|---|
1851
Integer Holdings
ITGR
$4.12B
| $6.04M | ﹤0.01% |
155,518
-325,165
| -68% | -$13.9M |
|
1852
Geospace Technologies
GEOS
$94.6M
| $6.03M | ﹤0.01% |
171,392
-93,386
| -35% | -$3.91M |
|
1853
Cohen & Steers
CNS
$4.23B
| $6.01M | ﹤0.01% |
156,398
-105,778
| -40% | -$4.49M |
|
|
ANK
1854
DELISTED
ATLANTIC TELE-NETWORK,INC
ANK
| $6.01M | ﹤0.01% |
111,523
-111,523
| -50% | -$6.01M |
|
1855
Modine Manufacturing
MOD
$10.7B
| $6M | ﹤0.01% |
505,281
-505,281
| -50% | -$7.06M |
|
1856
SiriusXM
SIRI
$9.98B
| $6M | ﹤0.01% |
171,835
-171,835
| -50% | -$6.01M |
|
|
PACD
1857
DELISTED
Pacific Drilling S A
PACD
| $5.96M | ﹤0.01% |
72,096
-72,096
| -50% | -$6.94M |
|
|
WAIR
1858
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $5.96M | ﹤0.01% |
342,459
-457,073
| -57% | -$8.49M |
|
1859
Daktronics
DAKT
$955M
| $5.94M | ﹤0.01% |
483,679
-402,881
| -45% | -$4.91M |
|
1860
Bright Horizons
BFAM
$3.92B
| $5.94M | ﹤0.01% |
141,218
-181,218
| -56% | -$7.57M |
|
1861
Myers Industries
MYE
$1.29B
| $5.89M | ﹤0.01% |
333,763
-143,287
| -30% | -$2.73M |
|
|
FRED
1862
DELISTED
Fred's Inc
FRED
| $5.88M | ﹤0.01% |
419,713
-282,539
| -40% | -$4.33M |
|
1863
Simmons First National
SFNC
$3.41B
| $5.86M | ﹤0.01% |
304,308
-304,308
| -50% | -$6.04M |
|
1864
Quanex
NX
$819M
| $5.84M | ﹤0.01% |
322,981
-358,181
| -53% | -$6.41M |
|
|
IO
1865
DELISTED
ION Geophysical Corporation
IO
| $5.83M | ﹤0.01% |
139,306
-92,576
| -40% | -$4.95M |
|
1866
Acacia Research
ACTG
$428M
| $5.8M | ﹤0.01% |
374,698
-506,698
| -57% | -$8.53M |
|
|
TERP
1867
DELISTED
TerraForm Power, Inc
TERP
| $5.77M | ﹤0.01% |
+200,000
| New | +$6.22M |
|
|
MNTA
1868
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $5.76M | ﹤0.01% |
508,201
-327,695
| -39% | -$3.74M |
|
|
CKP
1869
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $5.73M | ﹤0.01% |
468,260
-282,640
| -38% | -$3.74M |
|
|
AVTA
1870
DELISTED
Avantax, Inc. Common Stock
AVTA
| $5.71M | ﹤0.01% |
374,774
-374,774
| -50% | -$6.2M |
|
|
GHDX
1871
DELISTED
Genomic Health, Inc.
GHDX
| $5.71M | ﹤0.01% |
201,729
-201,729
| -50% | -$5.62M |
|
|
NSU
1872
DELISTED
Nevsun Resources Ltd.
NSU
| $5.67M | ﹤0.01% |
1,564,948
-1,564,948
| -50% | -$6.07M |
|
|
EGL
1873
DELISTED
Engility Holdings, Inc.
EGL
| $5.67M | ﹤0.01% |
181,791
-164,865
| -48% | -$5.8M |
|
1874
Theravance Biopharma
TBPH
$874M
| $5.66M | ﹤0.01% |
245,617
-245,617
| -50% | -$7.13M |
|
|
CTCT
1875
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $5.66M | ﹤0.01% |
208,647
-208,647
| -50% | -$6.53M |
|
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.