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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.11%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$371B
AUM Growth
+$193B
Cap. Flow
+$180B
Cap. Flow %
48.51%
Top 10 Hldgs %
14.25%
Holding
2,273
New
161
Increased
2,055
Reduced
32
Closed
23

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.65B
2
BLK icon
Blackrock
BLK
+$3.58B
3
XOM icon
ExxonMobil
XOM
+$3.23B
4
MSFT icon
Microsoft
MSFT
+$2.54B
5
JNJ icon
Johnson & Johnson
JNJ
+$2.09B

Top Sells

Rank Stock Value
1
WFT
Weatherford International plc
WFT
+$118M
2
BAP icon
Credicorp
BAP
+$98.3M
3
BEAM
BEAM INC COM STK (DE)
BEAM
+$82.2M
4
AON icon
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
BBRG
2201
DELISTED
Bravo Brio Restaurant Group Inc.
BBRG
$566K ﹤0.01%
+36,300
New +$560K
BBDC icon
2202
Barings BDC
BBDC
$864M
$556K ﹤0.01%
+19,566
New +$512K
AAIC
2203
DELISTED
Arlington Asset Investment Corp.
AAIC
$546K ﹤0.01%
+20,000
New +$536K
GSIG
2204
DELISTED
GSI GROUP INC COM STK (CDA)
GSIG
$538K ﹤0.01%
+42,200
New +$531K
NIHD
2205
DELISTED
NII HOLDINGS INC CL B
NIHD
$500K ﹤0.01%
907,676
+453,838
+100% +$346K
RC
2206
Ready Capital
RC
$258M
$488K ﹤0.01%
29,400
+14,700
+100% +$242K
SGM
2207
DELISTED
Stonegate Mortgage Corporation
SGM
$486K ﹤0.01%
+34,800
New +$484K
BGFV
2208
DELISTED
Big 5 Sporting Goods
BGFV
$446K ﹤0.01%
36,400
+18,200
+100% +$238K
LF
2209
DELISTED
LEAPFROG ENTERPRISES INC.
LF
$440K ﹤0.01%
+60,000
New +$423K
SREV
2210
DELISTED
ServiceSource International, Inc.
SREV
$378K ﹤0.01%
65,318
-374,489
-85% -$2.08M
BBT
2211
Beacon Financial Corp
BBT
$2.66B
$376K ﹤0.01%
+16,206
New +$382K
GBLI icon
2212
Global Indemnity Group
GBLI
$402M
$368K ﹤0.01%
14,194
-103,715
-88% -$2.73M
AORT icon
2213
Artivion
AORT
$1.3B
$364K ﹤0.01%
40,600
+20,300
+100% +$187K
HCKT icon
2214
Hackett Group
HCKT
$270M
$350K ﹤0.01%
58,600
+29,300
+100% +$176K
SKUL
2215
DELISTED
SKULLCANDY INC
SKUL
$348K ﹤0.01%
+48,072
New +$379K
ZOES
2216
DELISTED
Zoe's Kitchen, Inc.
ZOES
$344K ﹤0.01%
+10,000
New +$290K
FSYS
2217
DELISTED
FUEL SYSTEMS SOLUTIONS INC COM STK
FSYS
$334K ﹤0.01%
30,002
-111,654
-79% -$1.16M
AH
2218
DELISTED
Accretive Health
AH
$334K ﹤0.01%
42,790
-422,002
-91% -$3.29M
CMGE
2219
DELISTED
CHINA MOBILE GAMES & ENTMT GRP LTD SPON ADR (CYM)
CMGE
$326K ﹤0.01%
20,510
+10,255
+100% +$189K
DGII icon
2220
Digi International
DGII
$2.63B
$316K ﹤0.01%
+33,564
New +$307K
FF icon
2221
Future Fuel
FF
$217M
$306K ﹤0.01%
+18,408
New +$334K
CYHHZ
2222
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$288K ﹤0.01%
+4,291,658
New +$279K
CENTA icon
2223
Central Garden & Pet Co Class A
CENTA
$2.37B
$266K ﹤0.01%
36,053
-358,716
-91% -$2.4M
AXAS
2224
DELISTED
Abraxas Petroleum Corp
AXAS
$262K ﹤0.01%
+2,100
New +$214K
CPIX icon
2225
Cumberland Pharmaceuticals
CPIX
$100M
$202K ﹤0.01%
44,800
+22,400
+100% +$100K
87 88
89
90 91

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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.