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 | |
|---|---|---|---|---|---|---|
551
Thomson Reuters
TRI
$44.5B
| $54.2M | 0.03% |
1,333,320
-414,023
| -24% | -$16.5M |
|
|
BCR
552
DELISTED
CR Bard Inc.
BCR
| $54.1M | 0.03% |
469,981
+104,811
| +29% | +$12M |
|
553
Digital Realty Trust
DLR
$66.5B
| $54.1M | 0.03% |
1,018,437
+42,795
| +4% | +$2.43M |
|
554
TransDigm Group
TDG
$60B
| $53.7M | 0.03% |
387,285
-27,294
| -7% | -$3.89M |
|
|
OCR
555
DELISTED
OMNICARE INC
OCR
| $53.2M | 0.03% |
957,712
+55,639
| +6% | +$2.97M |
|
556
Celanese
CE
$5.18B
| $52.7M | 0.03% |
999,204
+148,138
| +17% | +$7.26M |
|
|
ANDV
557
DELISTED
Andeavor
ANDV
| $52.7M | 0.03% |
1,198,642
| – | – |
|
558
F5
FFIV
$24.4B
| $52.6M | 0.03% |
613,099
-34,801
| -5% | -$2.96M |
|
559
Willis Towers Watson
WTW
$29.9B
| $52.5M | 0.03% |
457,615
-82,328
| -15% | -$9.3M |
|
|
MWV
560
DELISTED
MEADWESTVACO CORP
MWV
| $52.3M | 0.03% |
1,363,803
-139,415
| -9% | -$5.13M |
|
561
Fortune Brands Innovations
FBIN
$4.77B
| $52.3M | 0.03% |
1,469,676
-39,401
| -3% | -$1.34M |
|
|
CIE
562
DELISTED
Cobalt International Energy, Inc
CIE
| $52.2M | 0.03% |
139,915
-113,705
| -45% | -$46M |
|
|
CPN
563
DELISTED
Calpine Corporation
CPN
| $51.5M | 0.03% |
2,648,924
-489,132
| -16% | -$9.7M |
|
564
DTE Energy
DTE
$27.1B
| $51.5M | 0.03% |
916,519
+71,361
| +8% | +$4.14M |
|
565
Pultegroup
PHM
$22.8B
| $51.4M | 0.03% |
3,112,325
-5,820
| -0.2% | -$99.3K |
|
566
Flex
FLEX
$39.9B
| $51.2M | 0.03% |
7,468,870
-145,185
| -2% | -$956K |
|
567
D.R. Horton
DHI
$39.2B
| $51.1M | 0.03% |
2,627,591
-9,088
| -0.3% | -$180K |
|
568
EnerSys
ENS
$6.15B
| $51M | 0.03% |
841,437
+19,183
| +2% | +$1.03M |
|
|
CNQR
569
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $51M | 0.03% |
461,443
| – | – |
|
|
NLSN
570
DELISTED
Nielsen Holdings plc
NLSN
| $50.7M | 0.03% |
1,391,661
| – | – |
|
571
UDR
UDR
$11.2B
| $50.7M | 0.03% |
2,139,261
| – | – |
|
572
Marvell Technology
MRVL
$199B
| $50.5M | 0.03% |
4,393,749
| – | – |
|
573
Crown Holdings
CCK
$12.2B
| $50.5M | 0.03% |
1,193,273
| – | – |
|
574
Nu Skin
NUS
$231M
| $50.3M | 0.03% |
525,663
| – | – |
|
575
AXIS Capital
AXS
$7.34B
| $50.2M | 0.03% |
1,158,204
+111,834
| +11% | +$4.93M |
|
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.