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 | |
|---|---|---|---|---|---|---|
|
GNCMA
2026
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $6.58M | ﹤0.01% |
594,280
+297,140
| +100% | +$3.25M |
|
2027
Kearny Financial
KRNY
$604M
| $6.5M | ﹤0.01% |
592,719
+296,360
| +100% | +$3.1M |
|
2028
AudioCodes
AUDC
$244M
| $6.45M | ﹤0.01% |
931,044
| – | – |
|
|
SSRI
2029
DELISTED
Silver Standard Resources
SSRI
| $6.44M | ﹤0.01% |
742,924
+118,338
| +19% | +$1.02M |
|
|
SA
2030
Seabridge Gold
SA
$2.78B
| $6.42M | ﹤0.01% |
682,180
+341,090
| +100% | +$2.69M |
|
|
LHCG
2031
DELISTED
LHC Group LLC
LHCG
| $6.24M | ﹤0.01% |
291,882
+145,941
| +100% | +$3.05M |
|
|
DTSI
2032
DELISTED
DTS, Inc.
DTSI
| $6.2M | ﹤0.01% |
336,842
+168,421
| +100% | +$3.08M |
|
2033
Gilat Satellite Networks
GILT
$834M
| $6.13M | ﹤0.01% |
1,296,480
| – | – |
|
2034
National Presto Industries
NPK
$870M
| $6.1M | ﹤0.01% |
83,786
+41,893
| +100% | +$3.01M |
|
2035
First Financial Corp
THFF
$958M
| $6.09M | ﹤0.01% |
189,166
+94,583
| +100% | +$3.04M |
|
|
CETV
2036
DELISTED
Central European Media Enterprises Ltd
CETV
| $6.05M | ﹤0.01% |
2,144,160
+1,072,080
| +100% | +$2.99M |
|
|
TRK
2037
DELISTED
Speedway Motorsports, Inc.
TRK
| $5.99M | ﹤0.01% |
327,950
+163,975
| +100% | +$2.97M |
|
|
SVM
2038
Silvercorp Metals
SVM
$2.07B
| $5.86M | ﹤0.01% |
2,774,488
+1,387,244
| +100% | +$2.67M |
|
|
PQUE
2039
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $5.86M | ﹤0.01% |
778,646
+389,323
| +100% | +$2.93M |
|
|
NILE
2040
DELISTED
Blue Nile, Inc.
NILE
| $5.84M | ﹤0.01% |
208,406
+104,203
| +100% | +$3.28M |
|
|
ELRC
2041
DELISTED
ELECTRO RENT CORP
ELRC
| $5.82M | ﹤0.01% |
347,544
+173,772
| +100% | +$2.79M |
|
|
BHR
2042
Braemar Hotels & Resorts
BHR
$156M
| $5.75M | ﹤0.01% |
338,417
+169,209
| +100% | +$2.67M |
|
2043
Citizens
CIA
$239M
| $5.7M | ﹤0.01% |
770,140
+385,070
| +100% | +$2.6M |
|
|
FRGI
2044
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $5.7M | ﹤0.01% |
+122,800
| New | +$4.96M |
|
2045
Arrow Financial
AROW
$659M
| $5.68M | ﹤0.01% |
288,615
+144,308
| +100% | +$2.82M |
|
|
WIN
2046
DELISTED
Windstream Holdings Inc
WIN
| $5.67M | ﹤0.01% |
72,631
+36,316
| +100% | +$2.65M |
|
|
RTEC
2047
DELISTED
Rudolph Technologies Inc
RTEC
| $5.66M | ﹤0.01% |
572,610
+286,305
| +100% | +$2.85M |
|
2048
Allot
ALLT
$372M
| $5.62M | ﹤0.01% |
426,578
+213,289
| +100% | +$2.79M |
|
|
RRTS
2049
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $5.6M | ﹤0.01% |
7,967
+7,215
| +959% | +$4.69M |
|
|
NTP
2050
DELISTED
Nam Tai Property Inc.
NTP
| $5.54M | ﹤0.01% |
734,896
+367,448
| +100% | +$2.66M |
|
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.