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 | |
|---|---|---|---|---|---|---|
|
IVC
2051
DELISTED
Invacare Corporation
IVC
| $2.62M | ﹤0.01% |
221,776
-221,776
| -50% | -$3.38M |
|
|
PIKE
2052
DELISTED
PIKE CORPORATION COM STK (NC)
PIKE
| $2.6M | ﹤0.01% |
218,703
-218,703
| -50% | -$2.34M |
|
|
ELRC
2053
DELISTED
ELECTRO RENT CORP
ELRC
| $2.6M | ﹤0.01% |
188,572
-158,972
| -46% | -$2.43M |
|
|
HERO
2054
DELISTED
HERCULES OFFSHORE INC COM STK
HERO
| $2.59M | ﹤0.01% |
1,178,628
-1,945,292
| -62% | -$6.53M |
|
|
ARO
2055
DELISTED
Aeropostale Inc
ARO
| $2.56M | ﹤0.01% |
777,415
-777,415
| -50% | -$2.75M |
|
|
BHR
2056
Braemar Hotels & Resorts
BHR
$163M
| $2.55M | ﹤0.01% |
169,208
-169,209
| -50% | -$2.77M |
|
2057
National Presto Industries
NPK
$870M
| $2.54M | ﹤0.01% |
41,893
-41,893
| -50% | -$2.78M |
|
|
WILN
2058
DELISTED
Wi-LAN Inc.
WILN
| $2.52M | ﹤0.01% |
695,734
-1,433,086
| -67% | -$4.98M |
|
|
RSPP
2059
DELISTED
RSP Permian, Inc.
RSPP
| $2.51M | ﹤0.01% |
+98,127
| New | +$2.73M |
|
|
CETV
2060
DELISTED
Central European Media Enterprises Ltd
CETV
| $2.5M | ﹤0.01% |
1,112,626
-1,031,534
| -48% | -$2.56M |
|
2061
Citizens
CIA
$248M
| $2.49M | ﹤0.01% |
385,070
-385,070
| -50% | -$2.67M |
|
|
ELLI
2062
DELISTED
Ellie Mae Inc
ELLI
| $2.46M | ﹤0.01% |
+75,510
| New | +$2.46M |
|
|
AMAG
2063
DELISTED
AMAG Pharmaceuticals
AMAG
| $2.45M | ﹤0.01% |
76,824
-297,912
| -79% | -$6.35M |
|
|
VVUS
2064
DELISTED
Vivus Inc
VVUS
| $2.42M | ﹤0.01% |
62,585
-62,585
| -50% | -$2.79M |
|
2065
Accuray
ARAY
$27.5M
| $2.41M | ﹤0.01% |
332,549
-232,279
| -41% | -$1.88M |
|
2066
Allot
ALLT
$362M
| $2.41M | ﹤0.01% |
213,289
-213,289
| -50% | -$2.5M |
|
|
CMLS
2067
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $2.41M | ﹤0.01% |
74,742
-74,742
| -50% | -$2.96M |
|
|
NES
2068
DELISTED
NUVERRA ENVIRONMENTAL INC NEW COM STK (DE)
NES
| $2.41M | ﹤0.01% |
163,122
-183,122
| -53% | -$2.9M |
|
|
LCI
2069
DELISTED
Lannett Company, Inc.
LCI
| $2.39M | ﹤0.01% |
+13,093
| New | +$2.1M |
|
|
DX
2070
Dynex Capital
DX
$3.17B
| $2.38M | ﹤0.01% |
98,294
+56,731
| +136% | +$1.44M |
|
|
ELOS
2071
DELISTED
Syneron Medical Ltd
ELOS
| $2.29M | ﹤0.01% |
228,558
-228,558
| -50% | -$2.33M |
|
|
GBL
2072
DELISTED
GAMCO Investors, Inc.
GBL
| $2.28M | ﹤0.01% |
59,922
-59,921
| -50% | -$2.53M |
|
|
SSRI
2073
DELISTED
Silver Standard Resources
SSRI
| $2.27M | ﹤0.01% |
371,462
-371,462
| -50% | -$3.17M |
|
|
RRTS
2074
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $2.27M | ﹤0.01% |
3,984
-3,983
| -50% | -$2.59M |
|
|
TC
2075
DELISTED
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
| $2.25M | ﹤0.01% |
1,019,428
-1,919,428
| -65% | -$5.31M |
|
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.