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 | |
|---|---|---|---|---|---|---|
|
AMAG
2001
DELISTED
AMAG Pharmaceuticals
AMAG
| $7.76M | ﹤0.01% |
374,736
+187,368
| +100% | +$3.46M |
|
|
NM
2002
DELISTED
Navios Maritime Holdings Inc.
NM
| $7.74M | ﹤0.01% |
76,501
-2,810
| -4% | -$253K |
|
|
CQB
2003
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
| $7.68M | ﹤0.01% |
707,910
+261,412
| +59% | +$2.91M |
|
|
EBIX
2004
DELISTED
Ebix Inc
EBIX
| $7.63M | ﹤0.01% |
533,476
+266,738
| +100% | +$4.15M |
|
2005
Republic Bancorp
RBCAA
$1.95B
| $7.54M | ﹤0.01% |
317,922
+158,961
| +100% | +$3.72M |
|
|
SIR
2006
DELISTED
SELECT INCOME REIT
SIR
| $7.4M | ﹤0.01% |
+567,840
| New | +$7.41M |
|
2007
Caesarstone
CSTE
$72.3M
| $7.36M | ﹤0.01% |
+150,000
| New | +$7.63M |
|
2008
Liquidity Services
LQDT
$1.22B
| $7.35M | ﹤0.01% |
466,656
+233,328
| +100% | +$3.8M |
|
2009
Harte-Hanks
HHS
$16.2M
| $7.33M | ﹤0.01% |
102,007
+51,004
| +100% | +$3.94M |
|
2010
Globe Life
GL
$14.2B
| $7.29M | ﹤0.01% |
133,527
+66,763
| +100% | +$3.57M |
|
|
ENV
2011
DELISTED
ENVESTNET, INC.
ENV
| $7.26M | ﹤0.01% |
+148,400
| New | +$6M |
|
|
BBOX
2012
DELISTED
Black Box Corp
BBOX
| $7.22M | ﹤0.01% |
308,022
+154,011
| +100% | +$3.51M |
|
|
HTO
2013
H2O America
HTO
$2.57B
| $7.13M | ﹤0.01% |
262,126
+131,063
| +100% | +$3.58M |
|
|
RBY
2014
DELISTED
RUBICON MENERALS CORP (F)
RBY
| $7.04M | ﹤0.01% |
4,745,498
+2,372,749
| +100% | +$2.66M |
|
|
MTL
2015
DELISTED
Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs)
MTL
| $7.03M | ﹤0.01% |
1,603,975
+801,987
| +100% | +$3.26M |
|
|
STFC
2016
DELISTED
State Auto Financial Corp
STFC
| $6.99M | ﹤0.01% |
298,296
+149,148
| +100% | +$3.25M |
|
|
NES
2017
DELISTED
NUVERRA ENVIRONMENTAL INC NEW COM STK (DE)
NES
| $6.96M | ﹤0.01% |
346,244
+173,122
| +100% | +$3.07M |
|
2018
Stock Yards Bancorp
SYBT
$2.64B
| $6.95M | ﹤0.01% |
348,573
+174,286
| +100% | +$3.4M |
|
|
ZQK
2019
DELISTED
QUICKSILVER,INC.
ZQK
| $6.94M | ﹤0.01% |
1,939,446
+849,723
| +78% | +$4.77M |
|
2020
CEMIG Preferred Shares
CIG
$6.26B
| $6.9M | ﹤0.01% |
1,693,128
+846,564
| +100% | +$3.22M |
|
|
ELNK
2021
DELISTED
EarthLink Holdings Corp.
ELNK
| $6.79M | ﹤0.01% |
1,826,032
+913,016
| +100% | +$3.23M |
|
|
ESI
2022
DELISTED
ITT EDUCATIONAL SERVICES INC
ESI
| $6.78M | ﹤0.01% |
406,440
+203,220
| +100% | +$4.63M |
|
|
WILN
2023
DELISTED
Wi-LAN Inc.
WILN
| $6.78M | ﹤0.01% |
2,128,820
+1,064,410
| +100% | +$3.27M |
|
|
FTR
2024
DELISTED
Frontier Communications Corp.
FTR
| $6.7M | ﹤0.01% |
76,466
+38,233
| +100% | +$3.31M |
|
|
VVUS
2025
DELISTED
Vivus Inc
VVUS
| $6.66M | ﹤0.01% |
125,170
+62,585
| +100% | +$3.22M |
|
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.