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 |
Hilton Worldwide
HLT
|
+$436M |
| 2 |
CNH
CNH Industrial
CNH
|
+$234M |
| 3 |
Cummins
CMI
|
+$187M |
| 4 |
Perrigo
PRGO
|
+$137M |
| 5 |
Republic Services
RSG
|
+$99.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$467M |
| 2 |
Apple
AAPL
|
+$378M |
| 3 |
JPMorgan Chase
JPM
|
+$343M |
| 4 |
ExxonMobil
XOM
|
+$312M |
| 5 |
Chevron
CVX
|
+$247M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.33% |
| 2 | Technology | 12.94% |
| 3 | Healthcare | 11.73% |
| 4 | Industrials | 10.44% |
| 5 | Energy | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Consolidated Edison
ED
$40.1B
| $79.1M | 0.05% |
1,431,297
-199,976
| -12% | -$11.2M |
|
|
CTXS
377
DELISTED
Citrix Systems Inc
CTXS
| $79.1M | 0.05% |
1,569,511
-181,009
| -10% | -$8.62M |
|
378
Regal Rexnord
RRX
$13.7B
| $78.9M | 0.05% |
1,070,890
-77,284
| -7% | -$5.61M |
|
379
Tesla
TSLA
$1.23T
| $78.7M | 0.05% |
7,853,940
-993,225
| -11% | -$10.1M |
|
|
ALTR
380
DELISTED
Altera Corp
ALTR
| $78.6M | 0.05% |
2,415,354
-69,757
| -3% | -$2.34M |
|
381
Keurig Dr Pepper
KDP
$42.3B
| $78.4M | 0.05% |
1,609,320
-244,890
| -13% | -$11.5M |
|
382
Pembina Pipeline
PBA
$28.4B
| $77.7M | 0.04% |
2,206,400
-53,107
| -2% | -$1.75M |
|
383
CarMax
KMX
$8.13B
| $77.3M | 0.04% |
1,644,306
-167,738
| -9% | -$8.22M |
|
384
Core Laboratories
CLB
$490M
| $77.3M | 0.04% |
404,727
-16,844
| -4% | -$3.13M |
|
|
GMCR
385
DELISTED
KEURIG GREEN MTN INC
GMCR
| $77.2M | 0.04% |
1,021,626
-102,356
| -9% | -$6.96M |
|
|
CBI
386
DELISTED
Chicago Bridge & Iron Nv
CBI
| $77.1M | 0.04% |
927,601
-112,655
| -11% | -$8.54M |
|
387
Helmerich & Payne
HP
$3.45B
| $76.9M | 0.04% |
915,132
-13,215
| -1% | -$1.03M |
|
388
Cheniere Energy
LNG
$55.2B
| $76.9M | 0.04% |
1,783,495
| – | – |
|
|
COL
389
DELISTED
Rockwell Collins
COL
| $76.7M | 0.04% |
1,037,495
-148,737
| -13% | -$10.6M |
|
390
Itron
ITRI
$4.36B
| $75.9M | 0.04% |
1,831,138
+234,000
| +15% | +$9.93M |
|
391
Autoliv
ALV
$9.02B
| $75.6M | 0.04% |
1,143,486
| – | – |
|
392
Travel + Leisure Co
TNL
$4.66B
| $75.6M | 0.04% |
2,273,228
-306,051
| -12% | -$9.37M |
|
|
SUNE
393
DELISTED
SUNEDISON, INC COM
SUNE
| $75.3M | 0.04% |
5,769,546
-1,050,000
| -15% | -$11.8M |
|
394
Verisk Analytics
VRSK
$25.4B
| $74.6M | 0.04% |
1,134,863
-132,816
| -10% | -$8.72M |
|
395
NiSource
NI
$21.3B
| $74.5M | 0.04% |
5,763,562
-754,646
| -12% | -$9.36M |
|
396
TripAdvisor
TRIP
$1.65B
| $74M | 0.04% |
893,087
-65,920
| -7% | -$5.39M |
|
397
Autodesk
ADSK
$49.5B
| $73.9M | 0.04% |
1,467,342
-425,957
| -22% | -$18.7M |
|
398
Tractor Supply
TSCO
$16.1B
| $73.5M | 0.04% |
4,737,300
-559,490
| -11% | -$8M |
|
|
TRW
399
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $73.3M | 0.04% |
985,770
-36,439
| -4% | -$2.74M |
|
|
CTRX
400
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $73.1M | 0.04% |
1,539,933
| – | – |
|
Similar funds
Norges Bank's Q4 2013 Portfolio in Review
As of Q4 2013, Norges Bank held 2,134 positions worth $174B, up 1.3% from $171B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Norges Bank withdrew a net $13.1B in Q4 2013, closing 36 positions and reducing 812 holdings. Its most notable exit was DELL INC, an estimated $166M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Norges Bank opened a new position in Hilton Worldwide worth $445M.
- Norges Bank's largest Q4 2013 buy was Hilton Worldwide: 6,666,667 shares worth $445M.
- Norges Bank added most to Cummins in Q4 2013, an estimated $187M increase.
- Norges Bank's biggest Q4 2013 reduction was Blackrock, cutting an estimated $467M.
- Norges Bank fully exited DELL INC in Q4 2013, selling an estimated $166M.
- Norges Bank's ten largest holdings make up 15% of its $174B portfolio in Q4 2013.
- Norges Bank opened 50 new positions and closed 36 in Q4 2013.
- Norges Bank's portfolio value rose 1.3% quarter-over-quarter to $174B.
Based on Norges Bank's 13F filing for Q4 2013, filed 7 Feb 2014.