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 | |
|---|---|---|---|---|---|---|
|
BTH
2176
DELISTED
BLYTH,INC
BTH
| $1.23M | ﹤0.01% |
151,182
-151,182
| -50% | -$1.1M |
|
|
DLA
2177
DELISTED
Delta Apparel Inc.
DLA
| $1.22M | ﹤0.01% |
+133,779
| New | +$1.5M |
|
|
SZYM
2178
DELISTED
SOLAZYME INC COM STK (DE)
SZYM
| $1.21M | ﹤0.01% |
162,668
-162,668
| -50% | -$1.52M |
|
|
HIL
2179
DELISTED
Hill International, Inc. Common Stock
HIL
| $1.21M | ﹤0.01% |
+301,659
| New | +$1.47M |
|
|
BPZ
2180
DELISTED
BPZ RESOURCES INC COM STK
BPZ
| $1.19M | ﹤0.01% |
624,303
-647,327
| -51% | -$1.65M |
|
2181
Main Street Capital
MAIN
$5.05B
| $1.19M | ﹤0.01% |
38,819
-38,819
| -50% | -$1.24M |
|
2182
SK Telecom
SKM
$11.4B
| $1.17M | ﹤0.01% |
23,473
-23,472
| -50% | -$1.11M |
|
|
RBY
2183
DELISTED
RUBICON MENERALS CORP (F)
RBY
| $1.17M | ﹤0.01% |
862,849
-3,882,649
| -82% | -$5.5M |
|
|
RLOC
2184
DELISTED
REACHLOCAL INC COM STK (DE)
RLOC
| $1.17M | ﹤0.01% |
+323,101
| New | +$1.84M |
|
|
SRDX
2185
DELISTED
Surmodics
SRDX
| $1.16M | ﹤0.01% |
64,100
-64,100
| -50% | -$1.28M |
|
|
APAGF
2186
DELISTED
APCO OIL AND GAS INTERNATIONAL INC
APAGF
| $1.15M | ﹤0.01% |
89,505
-89,505
| -50% | -$1.15M |
|
|
TUES
2187
DELISTED
Tuesday Morning Corp
TUES
| $1.15M | ﹤0.01% |
+59,207
| New | +$1.06M |
|
|
RNWK
2188
DELISTED
RealNetworks Inc
RNWK
| $1.15M | ﹤0.01% |
165,132
-217,712
| -57% | -$1.66M |
|
2189
Smith & Wesson
SWBI
$649M
| $1.14M | ﹤0.01% |
157,601
-157,600
| -50% | -$1.47M |
|
2190
EPAM Systems
EPAM
$5.58B
| $1.14M | ﹤0.01% |
+26,103
| New | +$1.03M |
|
|
CNCO
2191
DELISTED
Cencosud S.A.
CNCO
| $1.13M | ﹤0.01% |
125,250
-325,050
| -72% | -$3.04M |
|
|
RNDY
2192
DELISTED
ROUNDYS INC COM STK
RNDY
| $1.11M | ﹤0.01% |
370,000
+130,000
| +54% | +$530K |
|
|
AFMD
2193
DELISTED
Affimed
AFMD
| $1.1M | ﹤0.01% |
+17,500
| New | +$1.09M |
|
2194
Globalstar
GSAT
$10.1B
| $1.1M | ﹤0.01% |
+20,050
| New | +$1.2M |
|
|
ONE
2195
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $1.09M | ﹤0.01% |
441,818
-441,818
| -50% | -$1.68M |
|
|
BIRT
2196
DELISTED
Actuate Corp
BIRT
| $1.08M | ﹤0.01% |
+277,459
| New | +$1.21M |
|
|
XNET
2197
Xunlei
XNET
$333M
| $1.07M | ﹤0.01% |
+100,000
| New | +$1.25M |
|
|
SZMK
2198
DELISTED
SIZMEK INC COM STK (DE)
SZMK
| $1.07M | ﹤0.01% |
138,142
-138,142
| -50% | -$1.23M |
|
|
VALE.P
2199
DELISTED
Vale S A
VALE.P
| $1.07M | ﹤0.01% |
+110,000
| New | +$1.31M |
|
|
PE
2200
DELISTED
PARSLEY ENERGY INC
PE
| $1.07M | ﹤0.01% |
50,000
-50,000
| -50% | -$1.09M |
|
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.