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 | |
|---|---|---|---|---|---|---|
426
Air Products & Chemicals
APD
$64.7B
| $73.2M | 0.04% |
742,878
-306,292
| -29% | -$29.1M |
|
|
TRW
427
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $72.9M | 0.04% |
1,022,209
+75,983
| +8% | +$5.34M |
|
428
TripAdvisor
TRIP
$1.06B
| $72.7M | 0.04% |
959,007
-13,789
| -1% | -$977K |
|
429
Oceaneering
OII
$4.75B
| $72.7M | 0.04% |
894,269
| – | – |
|
430
Entergy
ETR
$49.2B
| $72.1M | 0.04% |
2,280,920
+694,892
| +44% | +$23.1M |
|
431
Autoliv
ALV
$8.51B
| $72M | 0.04% |
1,143,486
+33,858
| +3% | +$2.03M |
|
|
MXIM
432
DELISTED
Maxim Integrated Products
MXIM
| $71.9M | 0.04% |
2,414,380
| – | – |
|
433
AES
AES
$10.6B
| $71.9M | 0.04% |
5,412,356
+157,109
| +3% | +$2.02M |
|
|
SWY
434
DELISTED
SAFEWAY INC
SWY
| $71.6M | 0.04% |
2,500,940
+976,176
| +64% | +$23.3M |
|
435
Core Laboratories
CLB
$563M
| $71.3M | 0.04% |
421,571
-26,344
| -6% | -$4.09M |
|
436
Everest Group
EG
$14.6B
| $71.2M | 0.04% |
489,975
+40,659
| +9% | +$5.51M |
|
|
AMTD
437
DELISTED
TD Ameritrade Holding Corp
AMTD
| $71.2M | 0.04% |
2,719,140
-115,172
| -4% | -$3.06M |
|
438
Tractor Supply
TSCO
$17.2B
| $71.2M | 0.04% |
5,296,790
-437,240
| -8% | -$5.39M |
|
|
NE
439
DELISTED
Noble Corporation
NE
| $71.1M | 0.04% |
2,152,831
-173,692
| -7% | -$5.9M |
|
440
Travel + Leisure Co
TNL
$4.01B
| $71M | 0.04% |
2,579,279
-4,654
| -0.2% | -$127K |
|
441
Constellation Brands
STZ
$21.1B
| $71M | 0.04% |
1,236,206
-68,757
| -5% | -$3.74M |
|
442
CNX Resources
CNX
$5.24B
| $70.9M | 0.04% |
2,528,214
-500,000
| -17% | -$13.1M |
|
|
CTRX
443
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $70.9M | 0.04% |
1,539,933
-153,084
| -9% | -$8.09M |
|
444
Tyson Foods
TSN
$18.5B
| $70.7M | 0.04% |
2,499,463
+40,763
| +2% | +$1.18M |
|
|
CBI
445
DELISTED
Chicago Bridge & Iron Nv
CBI
| $70.5M | 0.04% |
1,040,256
-49,981
| -5% | -$3.08M |
|
446
Royal Gold
RGLD
$21.3B
| $70.5M | 0.04% |
1,447,857
+1,114,980
| +335% | +$57.8M |
|
|
SRCL
447
DELISTED
Stericycle Inc
SRCL
| $70.4M | 0.04% |
610,074
-10,393
| -2% | -$1.2M |
|
|
PETM
448
DELISTED
PETSMART INC
PETM
| $70.4M | 0.04% |
923,119
+13,678
| +2% | +$989K |
|
|
NBIS
449
Nebius Group N.V.
NBIS
$56.4B
| $69.4M | 0.04% |
1,904,419
| – | – |
|
450
PVH
PVH
$3.3B
| $69.3M | 0.04% |
584,148
-57,137
| -9% | -$7.33M |
|
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.