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 |
Blackrock
BLK
|
+$3.48B |
| 2 |
Apple
AAPL
|
+$3.25B |
| 3 |
ExxonMobil
XOM
|
+$3.2B |
| 4 |
Microsoft
MSFT
|
+$2.26B |
| 5 |
Chevron
CVX
|
+$2.15B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.94% |
| 2 | Technology | 13.3% |
| 3 | Healthcare | 11.25% |
| 4 | Energy | 10.57% |
| 5 | Industrials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Ball Corp
BALL
$16.3B
| $53.5M | 0.03% |
+2,577,940
| New | +$57.9M |
|
502
Expedia Group
EXPE
$34.9B
| $53.4M | 0.03% |
+888,145
| New | +$52.6M |
|
503
Telus
TU
$14.1B
| $53.3M | 0.03% |
+3,666,216
| New | +$63.5M |
|
|
BEAV
504
DELISTED
B/E Aerospace Inc
BEAV
| $53.3M | 0.03% |
+1,167,108
| New | +$52.6M |
|
|
Y
505
DELISTED
Alleghany Corp
Y
| $53.3M | 0.03% |
+138,945
| New | +$53.9M |
|
506
Trimble
TRMB
$13.6B
| $53.3M | 0.03% |
+2,047,363
| New | +$56.6M |
|
507
Ulta Beauty
ULTA
$22.9B
| $52.7M | 0.03% |
+526,481
| New | +$47.4M |
|
|
NBIS
508
Nebius Group N.V.
NBIS
$59.3B
| $52.6M | 0.03% |
+1,904,419
| New | +$48.4M |
|
|
GRMN
509
Garmin
GRMN
$53.4B
| $52.5M | 0.03% |
+1,450,907
| New | +$50.4M |
|
|
FLG
510
Flagstar Bank National Association
FLG
$5.33B
| $52.4M | 0.03% |
+1,247,539
| New | +$50.6M |
|
511
NXP Semiconductors
NXPI
$56.8B
| $52M | 0.03% |
+1,679,608
| New | +$49.2M |
|
512
First Solar
FSLR
$21B
| $52M | 0.03% |
+1,161,644
| New | +$51.7M |
|
513
Sun Life Financial
SLF
$45.1B
| $51.9M | 0.03% |
+1,757,540
| New | +$50M |
|
514
Woodward
WWD
$19.4B
| $51.7M | 0.03% |
+1,292,595
| New | +$48.9M |
|
515
Universal Health Services
UHS
$10.6B
| $51.7M | 0.03% |
+771,880
| New | +$51M |
|
516
Marvell Technology
MRVL
$206B
| $51.5M | 0.03% |
+4,393,749
| New | +$47.6M |
|
|
MWV
517
DELISTED
MEADWESTVACO CORP
MWV
| $51.3M | 0.03% |
+1,503,218
| New | +$52.8M |
|
|
DISCK
518
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $51.2M | 0.03% |
+1,469,956
| New | +$51.3M |
|
|
INXN
519
DELISTED
Interxion Holding N.V.
INXN
| $51.1M | 0.03% |
+1,955,977
| New | +$49.8M |
|
520
Pinnacle West Capital
PNW
$11.6B
| $50.9M | 0.03% |
+917,584
| New | +$53.3M |
|
521
SiriusXM
SIRI
$9.85B
| $50.9M | 0.03% |
+1,518,328
| New | +$49.9M |
|
|
SIAL
522
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $50.8M | 0.03% |
+631,551
| New | +$50.6M |
|
523
Vulcan Materials
VMC
$32.4B
| $50.7M | 0.03% |
+1,047,354
| New | +$53.7M |
|
524
Westlake Corp
WLK
$9.09B
| $50M | 0.03% |
+1,036,930
| New | +$46.6M |
|
525
Fortune Brands Innovations
FBIN
$4.79B
| $50M | 0.03% |
+1,509,077
| New | +$50.1M |
|
Similar funds
Norges Bank's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Norges Bank, which disclosed 2,107 positions worth $161B. Its ten largest holdings account for 15% of the portfolio.
Its largest position is Blackrock: 12,991,729 shares worth $3.34B.
By sector, the portfolio is most concentrated in Financials at 19% of assets, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2013 buy was Blackrock: 12,991,729 shares worth $3.34B.
- Norges Bank's ten largest holdings make up 15% of its $161B portfolio in Q2 2013.
- Norges Bank disclosed 2,107 positions in Q2 2013, its first 13F filing on record.
Based on Norges Bank's 13F filing for Q2 2013, filed 7 Aug 2013.