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 | |
|---|---|---|---|---|---|---|
476
Helmerich & Payne
HP
$4.34B
| $64M | 0.04% |
928,347
| – | – |
|
477
NXP Semiconductors
NXPI
$57.1B
| $64M | 0.04% |
1,718,919
+39,311
| +2% | +$1.39M |
|
478
Newmont
NEM
$131B
| $63.5M | 0.04% |
2,259,468
-1,011,755
| -31% | -$30M |
|
479
Fossil Group
FOSL
$298M
| $63.3M | 0.04% |
544,602
+83,764
| +18% | +$9.57M |
|
|
ONIT
480
Onity Group
ONIT
$290M
| $63.3M | 0.04% |
75,654
| – | – |
|
481
Cincinnati Financial
CINF
$26.3B
| $63.2M | 0.04% |
1,340,982
+443
| +0% | +$21.1K |
|
|
FDO
482
DELISTED
FAMILY DOLLAR STORES
FDO
| $63M | 0.04% |
874,452
| – | – |
|
483
Ulta Beauty
ULTA
$23.3B
| $62.9M | 0.04% |
526,481
| – | – |
|
484
Woodward
WWD
$18.9B
| $62.5M | 0.04% |
1,529,595
+237,000
| +18% | +$9.73M |
|
|
BRFS
485
DELISTED
BRF SA
BRFS
| $62.4M | 0.04% |
2,545,000
| – | – |
|
|
BEAV
486
DELISTED
B/E Aerospace Inc
BEAV
| $62.4M | 0.04% |
1,167,108
| – | – |
|
487
lululemon athletica
LULU
$10.9B
| $62.2M | 0.04% |
851,366
| – | – |
|
|
MDVN
488
DELISTED
MEDIVATION, INC.
MDVN
| $62M | 0.04% |
2,068,600
+1,504,350
| +267% | +$42.9M |
|
489
Realty Income
O
$55.6B
| $61.7M | 0.04% |
1,602,122
+70,095
| +5% | +$2.84M |
|
490
GameStop
GME
$10.8B
| $61.6M | 0.04% |
4,964,588
+675,616
| +16% | +$8.08M |
|
491
Watts Water Technologies
WTS
$11.7B
| $61.4M | 0.04% |
1,089,712
-100,235
| -8% | -$5.33M |
|
|
SIAL
492
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $61.2M | 0.04% |
717,554
+86,003
| +14% | +$7.24M |
|
493
Cheniere Energy
LNG
$56B
| $60.9M | 0.04% |
1,783,495
+488,304
| +38% | +$14.5M |
|
494
First Solar
FSLR
$21.7B
| $60.8M | 0.04% |
1,511,985
+350,341
| +30% | +$14.8M |
|
|
TW
495
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $60.7M | 0.04% |
567,110
| – | – |
|
496
McCormick & Company Non-Voting
MKC
$13.4B
| $60.1M | 0.04% |
1,859,252
-46,224
| -2% | -$1.62M |
|
497
L3Harris
LHX
$46.5B
| $60M | 0.04% |
1,011,098
+20,178
| +2% | +$1.12M |
|
|
FRX
498
DELISTED
FOREST LABORATORIES INC
FRX
| $59.7M | 0.03% |
1,396,233
+357,249
| +34% | +$15.5M |
|
499
Cintas
CTAS
$79.6B
| $59.7M | 0.03% |
4,666,608
+633,360
| +16% | +$7.68M |
|
500
Masco
MAS
$13.6B
| $59.6M | 0.03% |
3,187,355
-138,219
| -4% | -$2.46M |
|
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.