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 | |
|---|---|---|---|---|---|---|
|
SUP
1876
DELISTED
Superior Industries International
SUP
| $5.65M | ﹤0.01% |
322,159
-225,229
| -41% | -$4.39M |
|
|
KKD
1877
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $5.63M | ﹤0.01% |
328,177
-158,977
| -33% | -$2.61M |
|
|
DMND
1878
DELISTED
DIAMOND FOODS, INC.
DMND
| $5.62M | ﹤0.01% |
196,342
-196,342
| -50% | -$5.41M |
|
|
GFIG
1879
DELISTED
GFI GROUP INC
GFIG
| $5.61M | ﹤0.01% |
1,037,329
-89,079
| -8% | -$391K |
|
1880
Winnebago Industries
WGO
$856M
| $5.6M | ﹤0.01% |
257,104
-257,104
| -50% | -$6.29M |
|
|
STL
1881
DELISTED
Sterling Bancorp
STL
| $5.57M | ﹤0.01% |
435,806
-435,806
| -50% | -$5.41M |
|
|
CONN
1882
DELISTED
Conn's Inc.
CONN
| $5.57M | ﹤0.01% |
183,972
-287,692
| -61% | -$11.2M |
|
|
RDEN
1883
DELISTED
ELIZABETH ARDEN INC
RDEN
| $5.57M | ﹤0.01% |
332,603
-238,175
| -42% | -$4.51M |
|
|
BRKL
1884
DELISTED
Brookline Bancorp
BRKL
| $5.54M | ﹤0.01% |
648,523
-648,523
| -50% | -$5.87M |
|
1885
Prothena Corp
PRTA
$425M
| $5.54M | ﹤0.01% |
249,946
-249,946
| -50% | -$5.3M |
|
|
EDR
1886
DELISTED
Education Realty Trust Inc
EDR
| $5.51M | ﹤0.01% |
178,693
-358,873
| -67% | -$11.6M |
|
|
KRA
1887
DELISTED
Kraton Corporation
KRA
| $5.5M | ﹤0.01% |
309,094
-201,180
| -39% | -$4.09M |
|
|
EPE
1888
DELISTED
EP Energy Corporation
EPE
| $5.48M | ﹤0.01% |
+313,290
| New | +$6.04M |
|
|
AEGR
1889
DELISTED
Aegerion Pharmaceuticals
AEGR
| $5.47M | ﹤0.01% |
163,937
+159,137
| +3,315% | +$4.94M |
|
|
MWW
1890
DELISTED
Monster Worldwide Inc
MWW
| $5.47M | ﹤0.01% |
994,747
-1,455,629
| -59% | -$8.67M |
|
1891
Forrester Research
FORR
$223M
| $5.45M | ﹤0.01% |
147,903
-147,903
| -50% | -$5.66M |
|
|
CZR
1892
DELISTED
Caesars Entertainment Corporation
CZR
| $5.42M | ﹤0.01% |
430,971
-844,371
| -66% | -$12.3M |
|
1893
Shenandoah Telecom
SHEN
$664M
| $5.41M | ﹤0.01% |
436,042
-436,042
| -50% | -$6.12M |
|
1894
Weis Markets
WMK
$1.91B
| $5.39M | ﹤0.01% |
138,187
-90,259
| -40% | -$3.88M |
|
1895
1st Source
SRCE
$2.16B
| $5.39M | ﹤0.01% |
208,282
-208,281
| -50% | -$5.6M |
|
1896
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $5.39M | ﹤0.01% |
472,607
-464,464
| -50% | -$5.41M |
|
|
PGI
1897
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $5.39M | ﹤0.01% |
450,398
-354,796
| -44% | -$4.63M |
|
1898
Tompkins Financial
TMP
$1.43B
| $5.35M | ﹤0.01% |
121,263
-121,263
| -50% | -$5.52M |
|
1899
First Bancorp
FBP
$4.42B
| $5.34M | ﹤0.01% |
1,123,570
-1,538,102
| -58% | -$7.94M |
|
|
AKS
1900
DELISTED
AK Steel Holding Corp
AKS
| $5.33M | ﹤0.01% |
666,028
-666,028
| -50% | -$6.21M |
|
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.