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 | |
|---|---|---|---|---|---|---|
|
ACAS
1901
DELISTED
American Capital Ltd
ACAS
| $11.3M | ﹤0.01% |
+735,786
| New | +$11M |
|
1902
MidCap Financial Investment
MFIC
$787M
| $11.2M | ﹤0.01% |
+434,954
| New | +$10.7M |
|
|
LNW
1903
DELISTED
Light & Wonder
LNW
| $11.2M | ﹤0.01% |
1,009,758
+504,879
| +100% | +$5.45M |
|
1904
Forrester Research
FORR
$223M
| $11.2M | ﹤0.01% |
295,806
+147,903
| +100% | +$5.41M |
|
|
VIVO
1905
DELISTED
Meridian Bioscience Inc
VIVO
| $11.2M | ﹤0.01% |
540,720
+270,360
| +100% | +$5.56M |
|
1906
HEICO Corp Class A
HEI.A
$36B
| $11.2M | ﹤0.01% |
536,375
-143,143
| -21% | -$3M |
|
|
MOVE
1907
DELISTED
MOVE INC COM STK NEW (DE)
MOVE
| $11.1M | ﹤0.01% |
748,982
+374,491
| +100% | +$4.52M |
|
|
DMND
1908
DELISTED
DIAMOND FOODS, INC.
DMND
| $11.1M | ﹤0.01% |
392,684
+196,342
| +100% | +$6.02M |
|
|
GHDX
1909
DELISTED
Genomic Health, Inc.
GHDX
| $11.1M | ﹤0.01% |
403,458
+201,729
| +100% | +$5.37M |
|
1910
Tredegar Corp
TG
$265M
| $11M | ﹤0.01% |
471,906
+235,953
| +100% | +$5.19M |
|
|
UTEK
1911
DELISTED
Ultratech Inc.
UTEK
| $11M | ﹤0.01% |
495,198
+247,599
| +100% | +$6.22M |
|
|
TRST
1912
Trustco Bank Corp NY
TRST
$970M
| $10.9M | ﹤0.01% |
326,672
+163,336
| +100% | +$5.44M |
|
|
RDUS
1913
DELISTED
Radius Recycling
RDUS
| $10.9M | ﹤0.01% |
417,980
+196,990
| +89% | +$5.26M |
|
|
DCOM
1914
DELISTED
Dime Community Bancshares
DCOM
| $10.9M | ﹤0.01% |
687,806
+343,903
| +100% | +$5.46M |
|
1915
Vera Bradley
VRA
$97M
| $10.8M | ﹤0.01% |
495,122
+272,561
| +122% | +$7.17M |
|
1916
Griffon
GFF
$3.95B
| $10.8M | ﹤0.01% |
869,708
+434,854
| +100% | +$5.02M |
|
1917
Adecoagro
AGRO
$1.44B
| $10.8M | ﹤0.01% |
1,141,366
+570,683
| +100% | +$5.19M |
|
|
PGI
1918
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $10.8M | ﹤0.01% |
805,194
+402,597
| +100% | +$5.13M |
|
|
FRED
1919
DELISTED
Fred's Inc
FRED
| $10.7M | ﹤0.01% |
702,252
+374,026
| +114% | +$6.27M |
|
1920
National Healthcare
NHC
$3.53B
| $10.7M | ﹤0.01% |
189,940
+94,970
| +100% | +$5.17M |
|
|
PBY
1921
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $10.6M | ﹤0.01% |
925,796
+462,898
| +100% | +$5M |
|
|
AKS
1922
DELISTED
AK Steel Holding Corp
AKS
| $10.6M | ﹤0.01% |
1,332,056
+390,266
| +41% | +$2.69M |
|
|
AMED
1923
DELISTED
Amedisys
AMED
| $10.6M | ﹤0.01% |
632,650
+316,325
| +100% | +$4.48M |
|
1924
Daktronics
DAKT
$955M
| $10.6M | ﹤0.01% |
886,560
+507,380
| +134% | +$6.59M |
|
|
TVTY
1925
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $10.6M | ﹤0.01% |
602,244
+301,122
| +100% | +$5.17M |
|
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.