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 | |
|---|---|---|---|---|---|---|
|
MEG
2151
DELISTED
Media General, Inc
MEG
| $1.93M | ﹤0.01% |
+94,000
| New | +$1.62M |
|
|
BKCC
2152
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $1.88M | ﹤0.01% |
+206,274
| New | +$1.83M |
|
2153
BlackRock TCP Capital
TCPC
$273M
| $1.82M | ﹤0.01% |
+100,182
| New | +$1.68M |
|
2154
Columbus McKinnon
CMCO
$553M
| $1.79M | ﹤0.01% |
66,336
+47,769
| +257% | +$1.31M |
|
|
CAS
2155
DELISTED
A M Castle & Co
CAS
| $1.73M | ﹤0.01% |
156,230
-21,885
| -12% | -$275K |
|
|
TESO
2156
DELISTED
Tesco Corp
TESO
| $1.63M | ﹤0.01% |
+76,600
| New | +$1.57M |
|
2157
Hallador Energy
HNRG
$670M
| $1.49M | ﹤0.01% |
156,600
+78,300
| +100% | +$706K |
|
2158
Chegg
CHGG
$110M
| $1.41M | ﹤0.01% |
200,000
+100,000
| +100% | +$610K |
|
|
WFT
2159
DELISTED
Weatherford International plc
WFT
| $1.37M | ﹤0.01% |
59,616
-5,738,073
| -99% | -$118M |
|
|
RNDY
2160
DELISTED
ROUNDYS INC COM STK
RNDY
| $1.32M | ﹤0.01% |
+240,000
| New | +$1.41M |
|
|
PNNT
2161
Pennant Park Investment Corp
PNNT
$215M
| $1.3M | ﹤0.01% |
+113,228
| New | +$1.24M |
|
2162
Spok Holdings
SPOK
$228M
| $1.19M | ﹤0.01% |
+77,200
| New | +$1.23M |
|
|
SCLN
2163
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
| $1.14M | ﹤0.01% |
215,982
+107,991
| +100% | +$525K |
|
2164
SLR Investment Corp
SLRC
$686M
| $1.11M | ﹤0.01% |
+52,006
| New | +$1.11M |
|
|
DX
2165
Dynex Capital
DX
$3.15B
| $1.1M | ﹤0.01% |
41,563
+20,782
| +100% | +$535K |
|
2166
TriNet
TNET
$3.02B
| $1.09M | ﹤0.01% |
+45,448
| New | +$1.06M |
|
|
ARAV
2167
DELISTED
Aravive, Inc. Common Stock
ARAV
| $1.08M | ﹤0.01% |
+6,400
| New | +$1.1M |
|
|
LABL
2168
DELISTED
Multi-Color Corp
LABL
| $1.07M | ﹤0.01% |
26,800
+13,400
| +100% | +$477K |
|
|
BBQ
2169
DELISTED
BBQ Holdings, Inc. Common Stock
BBQ
| $1.07M | ﹤0.01% |
+37,202
| New | +$1.08M |
|
2170
ICF International
ICFI
$1.46B
| $1.05M | ﹤0.01% |
29,700
+14,850
| +100% | +$559K |
|
|
BAA
2171
DELISTED
Banro Corporation Common Stock
BAA
| $1.05M | ﹤0.01% |
219,603
+109,801
| +100% | +$500K |
|
|
ISSI
2172
DELISTED
INTEGRATED SILICON SOLUTN INC
ISSI
| $1.03M | ﹤0.01% |
+70,000
| New | +$1M |
|
|
REGI
2173
DELISTED
Renewable Energy Group, Inc.
REGI
| $1.02M | ﹤0.01% |
88,810
+44,405
| +100% | +$491K |
|
2174
KVH Industries
KVHI
$181M
| $980K | ﹤0.01% |
75,244
+37,622
| +100% | +$498K |
|
|
PRGX
2175
DELISTED
PRGX Global, Inc.
PRGX
| $958K | ﹤0.01% |
150,000
+75,000
| +100% | +$482K |
|
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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.