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 | |
|---|---|---|---|---|---|---|
501
Mettler-Toledo International
MTD
$26.7B
| $59.4M | 0.03% |
247,589
| – | – |
|
|
TGNA
502
DELISTED
TEGNA Inc
TGNA
| $59.3M | 0.03% |
4,233,190
+603,501
| +17% | +$8.07M |
|
|
PCL
503
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $59.2M | 0.03% |
1,264,609
-25,251
| -2% | -$1.18M |
|
504
Genworth Financial
GNW
$3.78B
| $59.2M | 0.03% |
4,627,834
+436,477
| +10% | +$5.47M |
|
505
BCE
BCE
$21.4B
| $59.1M | 0.03% |
1,378,981
-249,615
| -15% | -$10.4M |
|
506
Teck Resources
TECK
$31.7B
| $59M | 0.03% |
2,192,441
| – | – |
|
507
Universal Health Services
UHS
$10.4B
| $59M | 0.03% |
786,640
+14,760
| +2% | +$1.03M |
|
508
Pinnacle West Capital
PNW
$11.5B
| $59M | 0.03% |
1,077,105
+159,521
| +17% | +$8.96M |
|
|
ANSS
509
DELISTED
Ansys
ANSS
| $58.9M | 0.03% |
681,325
-81,400
| -11% | -$6.8M |
|
510
H&R Block
HRB
$5.65B
| $58.9M | 0.03% |
2,208,636
-45,186
| -2% | -$1.32M |
|
|
EA
511
DELISTED
Electronic Arts
EA
| $58.7M | 0.03% |
2,298,837
-183,346
| -7% | -$4.76M |
|
|
FLG
512
Flagstar Bank National Association
FLG
$5.33B
| $58.6M | 0.03% |
1,292,178
+44,639
| +4% | +$2.01M |
|
513
MGM Resorts International
MGM
$9.87B
| $58.4M | 0.03% |
2,858,923
-191,083
| -6% | -$3.33M |
|
514
Wheaton Precious Metals
WPM
$68.1B
| $58.2M | 0.03% |
2,346,010
+546,385
| +30% | +$13M |
|
515
Delta Air Lines
DAL
$51.9B
| $58M | 0.03% |
2,458,506
| – | – |
|
516
Manulife Financial
MFC
$72.7B
| $57.9M | 0.03% |
3,493,213
-1,040,776
| -23% | -$17.8M |
|
517
Molson Coors Class B
TAP
$7.32B
| $57.9M | 0.03% |
1,155,002
-66,504
| -5% | -$3.34M |
|
|
ABV
518
DELISTED
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
| $57.7M | 0.03% |
1,504,167
| – | – |
|
519
Henry Schein
HSIC
$9.75B
| $57.7M | 0.03% |
1,418,320
+610,526
| +76% | +$24.7M |
|
520
Equifax
EFX
$19.6B
| $57.7M | 0.03% |
963,583
-35,644
| -4% | -$2.19M |
|
521
ManpowerGroup
MAN
$2.72B
| $57.3M | 0.03% |
787,399
+95,571
| +14% | +$6.4M |
|
522
CBRE Group
CBRE
$40.6B
| $57.3M | 0.03% |
2,475,393
-4,273
| -0.2% | -$98.9K |
|
|
PRE
523
DELISTED
PARTNERRE LTD
PRE
| $57.2M | 0.03% |
624,717
+101,726
| +19% | +$9.11M |
|
|
CYT
524
DELISTED
CYTEC INDS INC
CYT
| $57.1M | 0.03% |
1,404,648
-665,694
| -32% | -$25.8M |
|
525
Methanex
MEOH
$4.99B
| $57.1M | 0.03% |
1,109,367
-275,276
| -20% | -$13.1M |
|
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.