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 | |
|---|---|---|---|---|---|---|
2076
Wabash National
WNC
$512M
| $4.74M | ﹤0.01% |
332,440
+266,220
| +402% | +$3.65M |
|
|
ELOS
2077
DELISTED
Syneron Medical Ltd
ELOS
| $4.72M | ﹤0.01% |
457,116
+228,558
| +100% | +$2.47M |
|
2078
Sturm, Ruger & Co
RGR
$594M
| $4.7M | ﹤0.01% |
+79,600
| New | +$4.98M |
|
|
SGK
2079
DELISTED
SCHAWK INC CL-A
SGK
| $4.64M | ﹤0.01% |
227,860
+113,930
| +100% | +$2.3M |
|
2080
TTM Technologies
TTMI
$12B
| $4.62M | ﹤0.01% |
563,978
-94,872
| -14% | -$745K |
|
|
LAYN
2081
DELISTED
Layne Christensen Co
LAYN
| $4.61M | ﹤0.01% |
346,470
+173,235
| +100% | +$2.72M |
|
|
CIVI
2082
DELISTED
Civitas Resources
CIVI
| $4.58M | ﹤0.01% |
+717
| New | +$4.06M |
|
|
WLH
2083
DELISTED
WILLIAM LYON HOMES
WLH
| $4.57M | ﹤0.01% |
150,000
+75,000
| +100% | +$2.02M |
|
|
CNCO
2084
DELISTED
Cencosud S.A.
CNCO
| $4.48M | ﹤0.01% |
450,300
+225,150
| +100% | +$2.29M |
|
|
NXTM
2085
DELISTED
NxStage Medical Inc.
NXTM
| $4.42M | ﹤0.01% |
307,808
-74,683
| -20% | -$975K |
|
|
BAGL
2086
DELISTED
EINSTEIN NOAH RESTAURANT GROUP, INC CMN STK (DELAWARE)
BAGL
| $4.41M | ﹤0.01% |
+274,348
| New | +$4.26M |
|
|
DYAX
2087
DELISTED
DYAX CORPORATION
DYAX
| $4.32M | ﹤0.01% |
450,000
+225,000
| +100% | +$1.71M |
|
|
QLTI
2088
DELISTED
QLT Inc
QLTI
| $4.28M | ﹤0.01% |
709,358
+354,679
| +100% | +$1.96M |
|
|
VG
2089
DELISTED
Vonage Holdings Corporation
VG
| $4.27M | ﹤0.01% |
+1,139,600
| New | +$4.3M |
|
|
PHLT
2090
DELISTED
Performant Healthcare Inc
PHLT
| $4.27M | ﹤0.01% |
+422,386
| New | +$3.85M |
|
2091
OneSpan
OSPN
$574M
| $4.11M | ﹤0.01% |
+354,666
| New | +$3.69M |
|
|
ADAM
2092
Adamas Trust
ADAM
$815M
| $4.11M | ﹤0.01% |
+131,579
| New | +$4.05M |
|
|
OB
2093
DELISTED
Onebeacon Insurance Group Ltd
OB
| $4.07M | ﹤0.01% |
+261,950
| New | +$4.03M |
|
2094
Jakks Pacific
JAKK
$301M
| $4.05M | ﹤0.01% |
52,284
+26,142
| +100% | +$2.13M |
|
2095
Boise Cascade
BCC
$2.69B
| $4.03M | ﹤0.01% |
+140,646
| New | +$3.75M |
|
2096
Kamada
KMDA
$412M
| $4.01M | ﹤0.01% |
567,440
+265,511
| +88% | +$2.95M |
|
|
NTLS
2097
DELISTED
NTELOS HLDGS CORP COM
NTLS
| $3.92M | ﹤0.01% |
314,612
+157,306
| +100% | +$2.04M |
|
|
PIKE
2098
DELISTED
PIKE CORPORATION COM STK (NC)
PIKE
| $3.92M | ﹤0.01% |
437,406
+218,703
| +100% | +$2.04M |
|
|
BPZ
2099
DELISTED
BPZ RESOURCES INC COM STK
BPZ
| $3.92M | ﹤0.01% |
1,271,630
+635,815
| +100% | +$1.85M |
|
|
GIFI
2100
DELISTED
Gulf Island Fabrication
GIFI
| $3.9M | ﹤0.01% |
181,258
+90,629
| +100% | +$1.89M |
|
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.