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 | |
|---|---|---|---|---|---|---|
|
ONXX
351
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
| $89.5M | 0.05% |
717,694
+505,729
| +239% | +$64M |
|
352
Range Resources
RRC
$9.79B
| $89.4M | 0.05% |
1,177,870
| – | – |
|
|
SPLS
353
DELISTED
Staples Inc
SPLS
| $89.2M | 0.05% |
6,086,219
+642,071
| +12% | +$10.1M |
|
|
KSU
354
DELISTED
Kansas City Southern
KSU
| $88.7M | 0.05% |
811,444
-82,863
| -9% | -$9.11M |
|
355
Progressive
PGR
$129B
| $88.7M | 0.05% |
3,258,499
+280,006
| +9% | +$7.26M |
|
|
FITB
356
Fifth Third Bancorp
FITB
$49.6B
| $88.6M | 0.05% |
4,913,868
| – | – |
|
357
Clorox
CLX
$10.5B
| $88.3M | 0.05% |
1,080,732
| – | – |
|
358
Quest Diagnostics
DGX
$27.3B
| $88M | 0.05% |
1,423,847
+50,784
| +4% | +$3.04M |
|
359
CarMax
KMX
$8.49B
| $87.8M | 0.05% |
1,812,044
-76,893
| -4% | -$3.76M |
|
360
News Corp Class A
NWSA
$16.3B
| $86.8M | 0.05% |
+5,405,325
| New | +$86.3M |
|
361
Oneok
OKE
$59.7B
| $86.7M | 0.05% |
1,857,812
-46,789
| -2% | -$2.03M |
|
362
HF Sinclair
DINO
$20B
| $86.5M | 0.05% |
2,053,424
+431,146
| +27% | +$18.7M |
|
|
ATVI
363
DELISTED
Activision Blizzard
ATVI
| $86.3M | 0.05% |
5,178,437
+338,600
| +7% | +$5.6M |
|
364
Perrigo
PRGO
$1.88B
| $86.2M | 0.05% |
698,306
+377,440
| +118% | +$47.1M |
|
365
Charter Communications
CHTR
$16.8B
| $86.2M | 0.05% |
639,303
-125,528
| -16% | -$15.9M |
|
366
Illumina
ILMN
$33.6B
| $86M | 0.05% |
1,093,637
+600,477
| +122% | +$45.9M |
|
367
Credicorp
BAP
$29.6B
| $85.9M | 0.05% |
694,773
| – | – |
|
368
NRG Energy
NRG
$22.3B
| $85.8M | 0.05% |
3,137,615
+738,057
| +31% | +$19.9M |
|
369
Broadcom
AVGO
$1.62T
| $85.7M | 0.05% |
19,878,500
| – | – |
|
|
SJR
370
DELISTED
Shaw Communications Inc.
SJR
| $85.7M | 0.05% |
3,683,155
+206,414
| +6% | +$4.99M |
|
|
VAR
371
DELISTED
Varian Medical Systems, Inc.
VAR
| $85.3M | 0.05% |
1,301,790
+777,533
| +148% | +$49.2M |
|
372
KLA
KLAC
$220B
| $85.1M | 0.05% |
13,986,850
| – | – |
|
|
NYX
373
DELISTED
NYSE EURONEXT INC
NYX
| $84.9M | 0.05% |
2,023,436
-5,378
| -0.3% | -$226K |
|
374
NVIDIA
NVDA
$5.12T
| $84.7M | 0.05% |
217,728,680
+8,384,680
| +4% | +$3.12M |
|
|
GMCR
375
DELISTED
KEURIG GREEN MTN INC
GMCR
| $84.7M | 0.05% |
1,123,982
-104,489
| -9% | -$8.24M |
|
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.