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 | |
|---|---|---|---|---|---|---|
|
MCP
2051
DELISTED
MOLYCORP INC COM STK
MCP
| $5.53M | ﹤0.01% |
2,149,834
+974,917
| +83% | +$3.52M |
|
2052
Vince Holding Corp
VNCE
$81.3M
| $5.49M | ﹤0.01% |
15,000
+7,500
| +100% | +$2.17M |
|
|
WPP
2053
DELISTED
WAUSAU PAPER CORP.
WPP
| $5.49M | ﹤0.01% |
507,210
+203,605
| +67% | +$2.26M |
|
|
SGI
2054
DELISTED
Silicon Graphics Intl.
SGI
| $5.47M | ﹤0.01% |
568,428
+284,214
| +100% | +$2.87M |
|
|
ARO
2055
DELISTED
Aeropostale Inc
ARO
| $5.43M | ﹤0.01% |
1,554,830
+777,415
| +100% | +$3.3M |
|
2056
NACCO Industries
NC
$357M
| $5.41M | ﹤0.01% |
467,709
+233,855
| +100% | +$2.83M |
|
|
GBL
2057
DELISTED
GAMCO Investors, Inc.
GBL
| $5.36M | ﹤0.01% |
119,843
+59,921
| +100% | +$2.5M |
|
2058
National Beverage
FIZZ
$2.96B
| $5.33M | ﹤0.01% |
563,316
+281,658
| +100% | +$2.67M |
|
|
EVRI
2059
DELISTED
Everi Holdings
EVRI
| $5.32M | ﹤0.01% |
+597,906
| New | +$4.75M |
|
|
DNDN
2060
DELISTED
DENDREON CORPORATION
DNDN
| $5.31M | ﹤0.01% |
2,310,280
+1,155,140
| +100% | +$2.71M |
|
|
ZVO
2061
DELISTED
Zovio Inc. Common Stock
ZVO
| $5.27M | ﹤0.01% |
396,608
+198,304
| +100% | +$2.88M |
|
|
PERY
2062
DELISTED
Perry Ellis International Inc
PERY
| $5.19M | ﹤0.01% |
+297,396
| New | +$4.7M |
|
|
AMCC
2063
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $5.13M | ﹤0.01% |
474,942
-117,794
| -20% | -$1.15M |
|
|
TDAY
2064
USA Today Co
TDAY
$1.27B
| $5.12M | ﹤0.01% |
363,046
+181,523
| +100% | +$2.59M |
|
|
EPIQ
2065
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $5.09M | ﹤0.01% |
361,990
+63,122
| +21% | +$825K |
|
|
LSG
2066
DELISTED
LAKE SHORE GOLD CORP
LSG
| $5M | ﹤0.01% |
5,493,466
+2,746,733
| +100% | +$2.13M |
|
|
WLT
2067
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| $5M | ﹤0.01% |
883,248
+441,624
| +100% | +$2.8M |
|
2068
Accuray
ARAY
$32M
| $4.97M | ﹤0.01% |
564,828
-95,779
| -14% | -$829K |
|
2069
Tower Semiconductor
TSEM
$24.8B
| $4.94M | ﹤0.01% |
548,738
+274,369
| +100% | +$2.45M |
|
|
NATL
2070
DELISTED
National Interstate Corporation
NATL
| $4.91M | ﹤0.01% |
175,150
+87,575
| +100% | +$2.47M |
|
|
ZEP
2071
DELISTED
ZEP INC COM STK (DE)
ZEP
| $4.9M | ﹤0.01% |
277,444
+138,722
| +100% | +$2.44M |
|
|
RT
2072
DELISTED
Ruby Tuesday Georgia
RT
| $4.87M | ﹤0.01% |
642,094
+171,047
| +36% | +$1.26M |
|
|
INWK
2073
DELISTED
InnerWorkings, Inc.
INWK
| $4.85M | ﹤0.01% |
570,620
+197,456
| +53% | +$1.47M |
|
|
ENTR
2074
DELISTED
ENTROPIC COMMUNICATIONS INC COM STK (DE)
ENTR
| $4.85M | ﹤0.01% |
1,456,436
+728,218
| +100% | +$2.56M |
|
2075
E.W. Scripps
SSP
$257M
| $4.84M | ﹤0.01% |
+257,747
| New | +$4.26M |
|
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.