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 | |
|---|---|---|---|---|---|---|
|
KFX
1976
DELISTED
KOFAX LIMITED COM STK
KFX
| $8.82M | ﹤0.01% |
1,032,890
+464,326
| +82% | +$3.75M |
|
|
UAM
1977
DELISTED
Universal American Corp
UAM
| $8.81M | ﹤0.01% |
1,057,352
+523,676
| +98% | +$3.97M |
|
1978
American Homes 4 Rent
AMH
$12B
| $8.78M | ﹤0.01% |
494,408
+433,655
| +714% | +$7.4M |
|
|
INFI
1979
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $8.75M | ﹤0.01% |
686,582
+343,291
| +100% | +$3.58M |
|
|
TC
1980
DELISTED
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
| $8.72M | ﹤0.01% |
2,938,856
+1,406,428
| +92% | +$3.88M |
|
|
OWW
1981
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $8.67M | ﹤0.01% |
973,796
+486,898
| +100% | +$3.76M |
|
|
LDR
1982
DELISTED
Landauer Inc
LDR
| $8.62M | ﹤0.01% |
205,168
+102,584
| +100% | +$4.61M |
|
|
PRSU
1983
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $8.59M | ﹤0.01% |
360,196
+180,098
| +100% | +$4.22M |
|
1984
Gibraltar Industries
ROCK
$1.25B
| $8.55M | ﹤0.01% |
551,240
+275,620
| +100% | +$4.57M |
|
|
BNCL
1985
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $8.51M | ﹤0.01% |
690,638
+345,319
| +100% | +$4.18M |
|
|
PTRY
1986
DELISTED
PANTRY INC (THE)
PTRY
| $8.45M | ﹤0.01% |
521,450
+260,725
| +100% | +$4.06M |
|
|
ANR
1987
DELISTED
Alpha Natural Resources Inc
ANR
| $8.42M | ﹤0.01% |
2,269,200
+500,486
| +28% | +$2.02M |
|
|
RSE
1988
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
| $8.4M | ﹤0.01% |
491,226
+245,613
| +100% | +$4.11M |
|
|
FNFG
1989
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $8.39M | ﹤0.01% |
959,984
+479,992
| +100% | +$4.25M |
|
|
UBA
1990
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $8.38M | ﹤0.01% |
401,584
+200,792
| +100% | +$4.13M |
|
|
ININ
1991
DELISTED
Interactive Intelligence Group, inc.
ININ
| $8.37M | ﹤0.01% |
+149,042
| New | +$8.53M |
|
1992
Lexicon Pharmaceuticals
LXRX
$1.03B
| $8.17M | ﹤0.01% |
724,899
+362,449
| +100% | +$3.89M |
|
|
IVC
1993
DELISTED
Invacare Corporation
IVC
| $8.15M | ﹤0.01% |
443,552
+221,776
| +100% | +$3.77M |
|
|
SMRT
1994
DELISTED
Stein Mart Inc
SMRT
| $8.08M | ﹤0.01% |
581,456
+290,728
| +100% | +$3.87M |
|
1995
Ennis
EBF
$552M
| $8.02M | ﹤0.01% |
525,286
+262,643
| +100% | +$4.04M |
|
|
ENLC
1996
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $7.92M | ﹤0.01% |
190,136
-227,732
| -54% | -$8.7M |
|
|
CMLS
1997
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $7.88M | ﹤0.01% |
+149,484
| New | +$7.79M |
|
|
CDR
1998
DELISTED
Cedar Realty Trust, Inc
CDR
| $7.83M | ﹤0.01% |
189,809
+94,904
| +100% | +$3.83M |
|
|
TGB
1999
Trekor Metals
TGB
$2.48B
| $7.8M | ﹤0.01% |
3,123,316
+1,561,658
| +100% | +$3.38M |
|
|
KKD
2000
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $7.78M | ﹤0.01% |
+487,154
| New | +$8.46M |
|
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.