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 | |
|---|---|---|---|---|---|---|
|
EXK
1976
Endeavour Silver
EXK
$2.23B
| $3.89M | ﹤0.01% |
886,736
-886,736
| -50% | -$4.87M |
|
1977
Telus
TU
$14.9B
| $3.87M | ﹤0.01% |
+226,422
| New | +$4.04M |
|
|
CXP
1978
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $3.85M | ﹤0.01% |
+161,395
| New | +$4.09M |
|
|
ASEI
1979
DELISTED
AMER SCIENCE & ENGR INC.
ASEI
| $3.85M | ﹤0.01% |
69,512
-69,512
| -50% | -$4.26M |
|
|
OWW
1980
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $3.83M | ﹤0.01% |
486,898
-486,898
| -50% | -$4.17M |
|
1981
Shutterstock
SSTK
$198M
| $3.81M | ﹤0.01% |
53,400
+29,600
| +124% | +$2.25M |
|
1982
Lithia Motors
LAD
$8.47B
| $3.78M | ﹤0.01% |
+50,000
| New | +$4.42M |
|
1983
Merit Medical Systems
MMSI
$5.08B
| $3.78M | ﹤0.01% |
318,362
-318,362
| -50% | -$4.22M |
|
1984
Diana Shipping
DSX
$302M
| $3.78M | ﹤0.01% |
604,392
-1,222,837
| -67% | -$8.69M |
|
1985
Gibraltar Industries
ROCK
$1.25B
| $3.77M | ﹤0.01% |
275,620
-275,620
| -50% | -$4.22M |
|
1986
Republic Bancorp
RBCAA
$1.95B
| $3.77M | ﹤0.01% |
158,961
-158,961
| -50% | -$3.7M |
|
|
PRSU
1987
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $3.72M | ﹤0.01% |
180,098
-180,098
| -50% | -$3.98M |
|
1988
Magnachip Semiconductor
MX
$119M
| $3.72M | ﹤0.01% |
317,712
-317,712
| -50% | -$4.16M |
|
|
JKS
1989
JinkoSolar
JKS
$793M
| $3.71M | ﹤0.01% |
+135,089
| New | +$3.85M |
|
1990
Park Aerospace
PKE
$737M
| $3.71M | ﹤0.01% |
157,486
-197,486
| -56% | -$5.55M |
|
1991
Adecoagro
AGRO
$1.44B
| $3.7M | ﹤0.01% |
420,920
-720,446
| -63% | -$6.87M |
|
|
CDR
1992
DELISTED
Cedar Realty Trust, Inc
CDR
| $3.7M | ﹤0.01% |
94,905
-94,904
| -50% | -$3.95M |
|
|
GTI
1993
DELISTED
GRAFTECH INTERNATIONAL LTD
GTI
| $3.68M | ﹤0.01% |
803,556
-1,684,438
| -68% | -$14.4M |
|
|
EXAR
1994
DELISTED
Exar Corporation
EXAR
| $3.68M | ﹤0.01% |
411,035
-414,635
| -50% | -$4.08M |
|
|
XXIA
1995
DELISTED
Ixia
XXIA
| $3.67M | ﹤0.01% |
401,942
-401,942
| -50% | -$4.04M |
|
1996
Clean Energy Fuels
CLNE
$427M
| $3.65M | ﹤0.01% |
468,559
-860,473
| -65% | -$8.42M |
|
1997
Sociedad Química y Minera de Chile
SQM
$19.2B
| $3.65M | ﹤0.01% |
143,226
-797,151
| -85% | -$21.8M |
|
1998
Lexicon Pharmaceuticals
LXRX
$1.03B
| $3.58M | ﹤0.01% |
362,450
-362,449
| -50% | -$3.87M |
|
|
GDP
1999
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $3.52M | ﹤0.01% |
237,744
-111,720
| -32% | -$2.23M |
|
|
HTO
2000
H2O America
HTO
$2.57B
| $3.52M | ﹤0.01% |
131,063
-131,063
| -50% | -$3.53M |
|
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.