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 | |
|---|---|---|---|---|---|---|
526
Lear
LEA
$6.22B
| $57M | 0.03% |
796,879
| – | – |
|
527
Rayonier
RYN
$6.08B
| $56.9M | 0.03% |
1,510,233
| – | – |
|
|
SNI
528
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $56.9M | 0.03% |
729,015
| – | – |
|
529
Ball Corp
BALL
$16.1B
| $56.9M | 0.03% |
2,533,564
-44,376
| -2% | -$996K |
|
|
CLR
530
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $56.6M | 0.03% |
1,055,522
-69,540
| -6% | -$3.33M |
|
531
Markel Group
MKL
$22.2B
| $56.5M | 0.03% |
109,143
-5,615
| -5% | -$2.95M |
|
|
RHT
532
DELISTED
Red Hat Inc
RHT
| $56.5M | 0.03% |
1,223,584
-184,652
| -13% | -$9.37M |
|
533
American Water Works
AWK
$27.4B
| $56.4M | 0.03% |
1,367,142
-29,370
| -2% | -$1.21M |
|
|
IPG
534
DELISTED
Interpublic Group of Companies
IPG
| $56.4M | 0.03% |
3,282,760
+1,890,618
| +136% | +$30.5M |
|
535
Hasbro
HAS
$12.7B
| $56.2M | 0.03% |
1,192,488
+135,085
| +13% | +$6.31M |
|
|
WLL
536
DELISTED
Whiting Petroleum Corporation
WLL
| $56.1M | 0.03% |
3,125
| – | – |
|
537
Royal Caribbean
RCL
$66.7B
| $56M | 0.03% |
1,462,625
| – | – |
|
538
Trimble
TRMB
$13.7B
| $56M | 0.03% |
1,884,192
-163,171
| -8% | -$4.46M |
|
|
FL
539
DELISTED
Foot Locker
FL
| $55.8M | 0.03% |
1,643,587
+365,223
| +29% | +$12.7M |
|
540
Nucor
NUE
$58.7B
| $54.9M | 0.03% |
1,120,234
-6,451
| -0.6% | -$302K |
|
|
IHS
541
DELISTED
IHS INC CL-A COM STK
IHS
| $54.9M | 0.03% |
480,868
-43,636
| -8% | -$4.8M |
|
|
Y
542
DELISTED
Alleghany Corp
Y
| $54.9M | 0.03% |
133,959
-4,986
| -4% | -$1.99M |
|
543
Microchip Technology
MCHP
$38.8B
| $54.8M | 0.03% |
2,721,158
-491,326
| -15% | -$9.73M |
|
544
JB Hunt Transport Services
JBHT
$25.6B
| $54.7M | 0.03% |
750,663
-23,458
| -3% | -$1.75M |
|
545
Avnet
AVT
$7.6B
| $54.6M | 0.03% |
1,308,904
+104,557
| +9% | +$4.04M |
|
546
Amdocs
DOX
$6.51B
| $54.5M | 0.03% |
1,487,326
| – | – |
|
547
VeriSign
VRSN
$26.9B
| $54.5M | 0.03% |
1,070,385
-209,375
| -16% | -$10.1M |
|
548
Monster Beverage
MNST
$87.4B
| $54.4M | 0.03% |
12,490,212
-114,288
| -0.9% | -$564K |
|
|
SUNE
549
DELISTED
SUNEDISON, INC COM
SUNE
| $54.4M | 0.03% |
6,819,546
| – | – |
|
|
RAX
550
DELISTED
Rackspace Hosting Inc
RAX
| $54.2M | 0.03% |
1,027,796
-107,697
| -9% | -$4.98M |
|
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.