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 | |
|---|---|---|---|---|---|---|
1951
Scully Royalty
SRL
$77.3M
| $9.69M | ﹤0.01% |
253,277
+126,638
| +100% | +$4.75M |
|
|
ASEI
1952
DELISTED
AMER SCIENCE & ENGR INC.
ASEI
| $9.67M | ﹤0.01% |
139,024
+69,512
| +100% | +$4.66M |
|
|
EZCH
1953
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $9.67M | ﹤0.01% |
375,980
+53,896
| +17% | +$1.33M |
|
|
GDP
1954
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $9.65M | ﹤0.01% |
349,464
-83,081
| -19% | -$2.08M |
|
1955
BancFirst
BANF
$3.79B
| $9.63M | ﹤0.01% |
311,216
+155,608
| +100% | +$4.61M |
|
|
HAYN
1956
DELISTED
Haynes International, Inc.
HAYN
| $9.62M | ﹤0.01% |
169,956
+84,978
| +100% | +$4.59M |
|
1957
Merit Medical Systems
MMSI
$5.08B
| $9.61M | ﹤0.01% |
636,724
+346,862
| +120% | +$4.8M |
|
1958
Myers Industries
MYE
$1.29B
| $9.58M | ﹤0.01% |
477,050
+238,525
| +100% | +$4.98M |
|
1959
Green Dot
GDOT
$743M
| $9.54M | ﹤0.01% |
502,418
+237,509
| +90% | +$4.38M |
|
|
SIMG
1960
DELISTED
SILICON IMAGE INC
SIMG
| $9.46M | ﹤0.01% |
1,876,074
+938,037
| +100% | +$5.29M |
|
|
NSM
1961
DELISTED
Nationstar Mortgage Holdings
NSM
| $9.44M | ﹤0.01% |
+260,000
| New | +$8.62M |
|
1962
Exelixis
EXEL
$13.3B
| $9.34M | ﹤0.01% |
2,756,004
+1,378,002
| +100% | +$4.76M |
|
|
EXAR
1963
DELISTED
Exar Corporation
EXAR
| $9.33M | ﹤0.01% |
825,670
+412,835
| +100% | +$4.53M |
|
1964
Community Trust Bancorp
CTBI
$1.42B
| $9.32M | ﹤0.01% |
272,432
+136,216
| +100% | +$4.72M |
|
1965
Canadian Solar
CSIQ
$1.02B
| $9.28M | ﹤0.01% |
+297,000
| New | +$8.01M |
|
|
PHIIK
1966
DELISTED
PHI, Inc. Non-Voting Common Stock
PHIIK
| $9.24M | ﹤0.01% |
207,418
+103,709
| +100% | +$4.56M |
|
|
ZPIN
1967
DELISTED
Zhaopin Limited
ZPIN
| $9.21M | ﹤0.01% |
+600,000
| New | +$9.02M |
|
|
NVMI
1968
Nova
NVMI
$12.4B
| $9.2M | ﹤0.01% |
763,110
+381,555
| +100% | +$4.14M |
|
|
XXIA
1969
DELISTED
Ixia
XXIA
| $9.19M | ﹤0.01% |
803,884
+401,942
| +100% | +$4.91M |
|
|
UHT
1970
Universal Health Realty Income Trust
UHT
$603M
| $9.16M | ﹤0.01% |
210,714
+105,357
| +100% | +$4.52M |
|
1971
Coty
COTY
$2.42B
| $9.16M | ﹤0.01% |
534,508
+333,921
| +166% | +$5.42M |
|
1972
Tejon Ranch
TRC
$457M
| $9.11M | ﹤0.01% |
291,560
+145,780
| +100% | +$4.45M |
|
1973
Magnachip Semiconductor
MX
$119M
| $8.96M | ﹤0.01% |
+635,424
| New | +$8.56M |
|
1974
CBIZ
CBZ
$2.99B
| $8.96M | ﹤0.01% |
991,988
+495,994
| +100% | +$4.32M |
|
1975
Denison Mines
DNN
$2.54B
| $8.83M | ﹤0.01% |
6,963,544
+3,481,772
| +100% | +$4.54M |
|
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.