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 | |
|---|---|---|---|---|---|---|
|
FRAN
1876
DELISTED
Francesca's Holdings Corporation
FRAN
| $11.8M | ﹤0.01% |
66,542
+36,896
| +124% | +$7.12M |
|
|
STNR
1877
DELISTED
STEINER LEISURE LTD
STNR
| $11.8M | ﹤0.01% |
271,870
+135,935
| +100% | +$5.74M |
|
|
FFIC
1878
DELISTED
Flushing Financial
FFIC
| $11.8M | ﹤0.01% |
572,588
+286,294
| +100% | +$5.75M |
|
|
NSU
1879
DELISTED
Nevsun Resources Ltd.
NSU
| $11.8M | ﹤0.01% |
3,129,896
+1,564,948
| +100% | +$5.47M |
|
1880
Koppers
KOP
$943M
| $11.7M | ﹤0.01% |
306,968
+153,484
| +100% | +$6.01M |
|
1881
Tompkins Financial
TMP
$1.43B
| $11.7M | ﹤0.01% |
242,526
+121,263
| +100% | +$5.74M |
|
1882
Gorman-Rupp
GRC
$2.14B
| $11.7M | ﹤0.01% |
329,838
+112,398
| +52% | +$3.64M |
|
|
BSFT
1883
DELISTED
BroadSoft, Inc.
BSFT
| $11.7M | ﹤0.01% |
441,882
+170,941
| +63% | +$4.1M |
|
1884
1st Source
SRCE
$2.16B
| $11.6M | ﹤0.01% |
416,563
+208,281
| +100% | +$5.83M |
|
1885
Nordic American Tanker
NAT
$1.38B
| $11.5M | ﹤0.01% |
1,238,655
+619,328
| +100% | +$5.3M |
|
1886
VirnetX Holding Corp
VHC
$54.4M
| $11.5M | ﹤0.01% |
32,578
+13,789
| +73% | +$4.2M |
|
|
FTD
1887
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $11.5M | ﹤0.01% |
360,712
+180,356
| +100% | +$5.5M |
|
1888
Usana Health Sciences
USNA
$408M
| $11.4M | ﹤0.01% |
293,024
+146,512
| +100% | +$5.44M |
|
|
MESG
1889
DELISTED
XURA INC COM (DE)
MESG
| $11.4M | ﹤0.01% |
428,798
+214,399
| +100% | +$5.69M |
|
|
KRA
1890
DELISTED
Kraton Corporation
KRA
| $11.4M | ﹤0.01% |
510,274
+255,137
| +100% | +$6.53M |
|
1891
Orthofix Medical
OFIX
$477M
| $11.4M | ﹤0.01% |
314,948
+157,474
| +100% | +$5.09M |
|
1892
JD.com
JD
$44.6B
| $11.4M | ﹤0.01% |
+400,000
| New | +$10.4M |
|
1893
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $11.4M | ﹤0.01% |
937,071
+468,762
| +100% | +$5.62M |
|
1894
Cohen & Steers
CNS
$4.23B
| $11.4M | ﹤0.01% |
262,176
+131,088
| +100% | +$5.36M |
|
1895
QuidelOrtho
QDEL
$1.14B
| $11.4M | ﹤0.01% |
513,986
+256,993
| +100% | +$5.91M |
|
1896
Ormat Technologies
ORA
$6B
| $11.3M | ﹤0.01% |
391,750
+195,875
| +100% | +$5.57M |
|
|
SUP
1897
DELISTED
Superior Industries International
SUP
| $11.3M | ﹤0.01% |
547,388
+273,694
| +100% | +$5.57M |
|
1898
Prothena Corp
PRTA
$425M
| $11.3M | ﹤0.01% |
499,892
+245,561
| +97% | +$6.14M |
|
|
DRIV
1899
DELISTED
DIGITAL RIVER INC.
DRIV
| $11.3M | ﹤0.01% |
730,394
+365,197
| +100% | +$5.82M |
|
1900
Oaktree Specialty Lending
OCSL
$1.02B
| $11.3M | ﹤0.01% |
+381,944
| New | +$10.8M |
|
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.