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 |
S
Sprint Corporation
S
|
+$664M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$612M |
| 3 |
Pfizer
PFE
|
+$224M |
| 4 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$160M |
| 5 |
JPMorgan Chase
JPM
|
+$147M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$631M |
| 2 |
FON
SPRINT CORP FON COM
FON
|
+$365M |
| 3 |
Zoetis
ZTS
|
+$275M |
| 4 |
American Express
AXP
|
+$206M |
| 5 |
Ameriprise Financial
AMP
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.46% |
| 2 | Technology | 13.23% |
| 3 | Healthcare | 11.93% |
| 4 | Energy | 10.39% |
| 5 | Industrials | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Truist Financial
TFC
$61.2B
| $133M | 0.08% |
3,950,176
-325,139
| -8% | -$11.4M |
|
|
CHK
252
DELISTED
Chesapeake Energy Corporation
CHK
| $132M | 0.08% |
26,909
| – | – |
|
253
Netflix
NFLX
$334B
| $131M | 0.08% |
29,691,270
-2,465,540
| -8% | -$9.52M |
|
254
Viatris
VTRS
$19.1B
| $131M | 0.08% |
3,429,808
+2,204,270
| +180% | +$77.6M |
|
255
Corning
GLW
$124B
| $130M | 0.08% |
8,907,558
-1,890,002
| -18% | -$28M |
|
|
CERN
256
DELISTED
Cerner Corp
CERN
| $130M | 0.08% |
2,465,851
-238,923
| -9% | -$11.6M |
|
|
DFS
257
DELISTED
Discover Financial Services
DFS
| $129M | 0.08% |
2,556,782
-251,394
| -9% | -$12.6M |
|
|
K
258
DELISTED
Kellanova
K
| $129M | 0.08% |
2,343,130
-32,739
| -1% | -$1.95M |
|
259
Bath & Body Works
BBWI
$3.61B
| $129M | 0.08% |
2,607,154
+954,058
| +58% | +$43.7M |
|
260
Dollar General
DG
$28.5B
| $128M | 0.07% |
2,270,425
-78,263
| -3% | -$4.3M |
|
261
Stanley Black & Decker
SWK
$13.4B
| $127M | 0.07% |
1,407,342
+11,339
| +0.8% | +$972K |
|
262
Parker-Hannifin
PH
$117B
| $127M | 0.07% |
1,166,370
+14,634
| +1% | +$1.51M |
|
263
Liberty Media Series A
FWONA
$21.9B
| $126M | 0.07% |
4,834,959
-160,971
| -3% | -$4.04M |
|
264
Humana
HUM
$48.9B
| $126M | 0.07% |
1,348,737
+10,860
| +0.8% | +$996K |
|
|
AVB
265
DELISTED
AvalonBay Communities
AVB
| $126M | 0.07% |
988,199
-5,430
| -0.5% | -$716K |
|
266
Wynn Resorts
WYNN
$9.04B
| $125M | 0.07% |
794,161
| – | – |
|
267
American Tower
AMT
$82.4B
| $125M | 0.07% |
1,686,539
-120,511
| -7% | -$8.7M |
|
268
Tapestry
TPR
$23.5B
| $124M | 0.07% |
2,281,229
| – | – |
|
269
Moody's
MCO
$82.8B
| $123M | 0.07% |
1,743,813
-64,120
| -4% | -$4.21M |
|
270
Weyerhaeuser
WY
$16B
| $122M | 0.07% |
4,270,030
| – | – |
|
271
Roper Technologies
ROP
$39B
| $122M | 0.07% |
916,545
-155,589
| -15% | -$20M |
|
272
Ross Stores
ROST
$73.5B
| $122M | 0.07% |
3,344,804
+716,470
| +27% | +$24.5M |
|
273
Morgan Stanley
MS
$324B
| $121M | 0.07% |
4,503,650
-35,214
| -0.8% | -$945K |
|
|
HCBK
274
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $121M | 0.07% |
13,352,624
-517,812
| -4% | -$4.88M |
|
275
Rockwell Automation
ROK
$46.5B
| $121M | 0.07% |
1,128,505
+10,098
| +0.9% | +$986K |
|
Similar funds
Norges Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Norges Bank held 2,123 positions worth $171B, up 6.4% from $161B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 2.6%. Norges Bank opened 16 new positions and exited 39, leaving the 2,123-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q3 2013 buy was Sprint Corporation: 100,920,567 shares worth $627M.
- Norges Bank added most to Pfizer in Q3 2013, an estimated $224M increase.
- Norges Bank's biggest Q3 2013 reduction was Zoetis, cutting an estimated $275M.
- Norges Bank fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 14% of its $171B portfolio in Q3 2013.
- Norges Bank opened 16 new positions and closed 39 in Q3 2013.
- Norges Bank's portfolio value rose 6.4% quarter-over-quarter to $171B.
Based on Norges Bank's 13F filing for Q3 2013, filed 12 Nov 2013.