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 | |
|---|---|---|---|---|---|---|
|
SODA
1926
DELISTED
SodaStream International Ltd
SODA
| $10.6M | ﹤0.01% |
314,306
+157,153
| +100% | +$6.17M |
|
1927
TIM SA
TIMB
$9.16B
| $10.5M | ﹤0.01% |
363,240
+181,620
| +100% | +$4.96M |
|
|
CKP
1928
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $10.5M | ﹤0.01% |
750,900
+375,450
| +100% | +$4.91M |
|
|
AT
1929
DELISTED
Atlantic Power Corporation
AT
| $10.5M | ﹤0.01% |
2,565,736
+1,330,738
| +108% | +$4.34M |
|
|
STL
1930
DELISTED
Sterling Bancorp
STL
| $10.5M | ﹤0.01% |
871,612
+435,806
| +100% | +$5.16M |
|
1931
Weis Markets
WMK
$1.91B
| $10.4M | ﹤0.01% |
228,446
+114,223
| +100% | +$5.26M |
|
|
VWTR
1932
DELISTED
Vidler Water Resouces, Inc. Common Stock
VWTR
| $10.4M | ﹤0.01% |
439,308
+219,654
| +100% | +$5.13M |
|
1933
United Parks & Resorts
PRKS
$2.1B
| $10.3M | ﹤0.01% |
363,474
+301,204
| +484% | +$9.09M |
|
1934
Powell Industries
POWL
$7.6B
| $10.3M | ﹤0.01% |
471,990
+235,995
| +100% | +$4.97M |
|
1935
Ezcorp Inc
EZPW
$1.83B
| $10.2M | ﹤0.01% |
880,256
+440,128
| +100% | +$5.03M |
|
|
MCRL
1936
DELISTED
MICREL INC
MCRL
| $10.2M | ﹤0.01% |
900,246
+450,123
| +100% | +$4.85M |
|
|
VOLC
1937
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $10.2M | ﹤0.01% |
576,506
+134,271
| +30% | +$2.44M |
|
1938
W&T Offshore
WTI
$534M
| $10.1M | ﹤0.01% |
619,876
+309,938
| +100% | +$5.12M |
|
|
ITG
1939
DELISTED
Investment Technology Group Inc
ITG
| $10.1M | ﹤0.01% |
600,520
+204,637
| +52% | +$3.87M |
|
1940
Bristow Group
VTOL
$1.34B
| $10.1M | ﹤0.01% |
176,253
+88,126
| +100% | +$5.13M |
|
1941
CTS Corp
CTS
$1.83B
| $10.1M | ﹤0.01% |
540,462
+242,231
| +81% | +$4.46M |
|
|
MNTA
1942
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $10.1M | ﹤0.01% |
835,896
+417,948
| +100% | +$4.94M |
|
|
ACI
1943
DELISTED
ARCH COAL, INC.
ACI
| $10.1M | ﹤0.01% |
276,309
+91,425
| +49% | +$3.79M |
|
1944
Park Aerospace
PKE
$737M
| $10M | ﹤0.01% |
354,972
+177,486
| +100% | +$4.85M |
|
|
ELX
1945
DELISTED
EMULEX CORP
ELX
| $9.97M | ﹤0.01% |
1,748,980
+874,490
| +100% | +$5.2M |
|
|
GTY
1946
Getty Realty Corp
GTY
$2.11B
| $9.91M | ﹤0.01% |
526,209
+263,105
| +100% | +$4.98M |
|
|
CPLA
1947
DELISTED
Capella Education Company
CPLA
| $9.77M | ﹤0.01% |
179,704
+89,852
| +100% | +$5.15M |
|
|
MRD
1948
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $9.74M | ﹤0.01% |
+400,000
| New | +$9.62M |
|
|
SPTN
1949
DELISTED
SpartanNash
SPTN
| $9.71M | ﹤0.01% |
462,294
+231,147
| +100% | +$5.13M |
|
|
EXK
1950
Endeavour Silver
EXK
$2.23B
| $9.71M | ﹤0.01% |
1,773,472
+886,736
| +100% | +$3.96M |
|
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.