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 | |
|---|---|---|---|---|---|---|
2076
AudioCodes
AUDC
$239M
| $2.24M | ﹤0.01% |
465,522
-465,522
| -50% | -$2.77M |
|
|
ZQK
2077
DELISTED
QUICKSILVER,INC.
ZQK
| $2.24M | ﹤0.01% |
1,300,325
-639,121
| -33% | -$1.81M |
|
|
NTP
2078
DELISTED
Nam Tai Property Inc.
NTP
| $2.23M | ﹤0.01% |
367,448
-367,448
| -50% | -$2.56M |
|
|
INWK
2079
DELISTED
InnerWorkings, Inc.
INWK
| $2.23M | ﹤0.01% |
275,310
-295,310
| -52% | -$2.48M |
|
2080
Wabash National
WNC
$504M
| $2.21M | ﹤0.01% |
166,220
-166,220
| -50% | -$2.29M |
|
|
ZVO
2081
DELISTED
Zovio Inc. Common Stock
ZVO
| $2.21M | ﹤0.01% |
198,304
-198,304
| -50% | -$2.49M |
|
|
CNR
2082
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $2.21M | ﹤0.01% |
+114,090
| New | +$2.18M |
|
|
SVM
2083
Silvercorp Metals
SVM
$2.02B
| $2.21M | ﹤0.01% |
1,387,244
-1,387,244
| -50% | -$2.55M |
|
|
PGTI
2084
DELISTED
PGT, Inc.
PGTI
| $2.17M | ﹤0.01% |
232,318
+212,318
| +1,062% | +$2M |
|
|
ENLC
2085
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $2.16M | ﹤0.01% |
52,168
-137,968
| -73% | -$5.57M |
|
|
NM
2086
DELISTED
Navios Maritime Holdings Inc.
NM
| $2.15M | ﹤0.01% |
35,751
-40,750
| -53% | -$3.44M |
|
|
VRTU
2087
DELISTED
Virtusa Corporation
VRTU
| $2.14M | ﹤0.01% |
+60,168
| New | +$2.06M |
|
2088
Medifast
MED
$107M
| $2.14M | ﹤0.01% |
+65,104
| New | +$2M |
|
2089
Boise Cascade
BCC
$2.73B
| $2.12M | ﹤0.01% |
70,323
-70,323
| -50% | -$2.06M |
|
2090
Exelixis
EXEL
$13.9B
| $2.11M | ﹤0.01% |
1,378,002
-1,378,002
| -50% | -$4.42M |
|
|
PQUE
2091
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $2.07M | ﹤0.01% |
367,938
-410,708
| -53% | -$2.31M |
|
|
BNCL
2092
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $2.03M | ﹤0.01% |
174,792
-515,846
| -75% | -$6.28M |
|
|
RATE
2093
DELISTED
Bankrate Inc
RATE
| $2.03M | ﹤0.01% |
178,510
-530,786
| -75% | -$8.04M |
|
|
NXTM
2094
DELISTED
NxStage Medical Inc.
NXTM
| $2.02M | ﹤0.01% |
153,904
-153,904
| -50% | -$2.07M |
|
|
EVRI
2095
DELISTED
Everi Holdings
EVRI
| $2.02M | ﹤0.01% |
298,953
-298,953
| -50% | -$2.4M |
|
|
WPP
2096
DELISTED
WAUSAU PAPER CORP.
WPP
| $2.01M | ﹤0.01% |
253,605
-253,605
| -50% | -$2.39M |
|
|
EXAC
2097
DELISTED
Exactech Inc
EXAC
| $1.98M | ﹤0.01% |
86,655
+82,655
| +2,066% | +$1.97M |
|
|
FGL
2098
DELISTED
Fidelity & Guaranty Life
FGL
| $1.97M | ﹤0.01% |
+92,378
| New | +$2.05M |
|
|
FBC
2099
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $1.97M | ﹤0.01% |
+117,027
| New | +$2.08M |
|
2100
Financial Institutions
FISI
$812M
| $1.97M | ﹤0.01% |
+87,488
| New | +$2.01M |
|
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.