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 | |
|---|---|---|---|---|---|---|
601
Itaú Unibanco
ITUB
$91B
| $47.3M | 0.03% |
9,195,027
+3,163,654
| +52% | +$14.8M |
|
602
Nasdaq
NDAQ
$49.9B
| $47.3M | 0.03% |
4,417,377
+198,348
| +5% | +$2.12M |
|
|
ARIA
603
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $47.1M | 0.03% |
2,559,796
+1,794,489
| +234% | +$34.8M |
|
604
Snap-on
SNA
$19.4B
| $46.8M | 0.03% |
470,106
| – | – |
|
605
Gartner
IT
$12.4B
| $46.6M | 0.03% |
777,273
| – | – |
|
606
Baidu
BIDU
$30.8B
| $46.6M | 0.03% |
300,000
| – | – |
|
|
NVE
607
DELISTED
NV ENERGY, INC
NVE
| $46.5M | 0.03% |
1,970,397
| – | – |
|
|
JAH
608
DELISTED
JARDEN CORPORATION
JAH
| $46.1M | 0.03% |
1,428,417
| – | – |
|
609
Williams-Sonoma
WSM
$26.1B
| $46.1M | 0.03% |
1,639,054
| – | – |
|
|
HOUS
610
DELISTED
Anywhere Real Estate
HOUS
| $46M | 0.03% |
1,069,377
+360,434
| +51% | +$16.3M |
|
|
HUB.B
611
DELISTED
HUBBELL INC CL-B
HUB.B
| $45.9M | 0.03% |
438,100
| – | – |
|
|
ETFC
612
DELISTED
E*Trade Financial Corporation
ETFC
| $45.7M | 0.03% |
2,768,863
| – | – |
|
613
Synopsys
SNPS
$70.5B
| $45.6M | 0.03% |
1,209,341
| – | – |
|
614
Gildan
GIL
$8.5B
| $45.5M | 0.03% |
1,958,478
| – | – |
|
615
Lincoln Electric
LECO
$13.8B
| $45.5M | 0.03% |
683,351
| – | – |
|
616
Goodyear
GT
$1.51B
| $45.5M | 0.03% |
2,025,438
| – | – |
|
|
SEE
617
DELISTED
Sealed Air
SEE
| $45.5M | 0.03% |
1,671,766
-9,962
| -0.6% | -$282K |
|
618
Lennar Class A
LEN
$19.3B
| $45.4M | 0.03% |
1,346,007
| – | – |
|
|
ARG
619
DELISTED
Airgas Inc
ARG
| $45.3M | 0.03% |
427,227
+108,049
| +34% | +$11.1M |
|
620
Alliant Energy
LNT
$17.1B
| $45.3M | 0.03% |
1,826,518
-8,120
| -0.4% | -$208K |
|
|
DISCK
621
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $45M | 0.03% |
1,151,368
-318,588
| -22% | -$11.8M |
|
622
Reliance Steel & Aluminium
RS
$20B
| $44.9M | 0.03% |
613,208
+54,279
| +10% | +$3.79M |
|
|
IRF
623
DELISTED
INTL RECTIFIER CORP
IRF
| $44.8M | 0.03% |
1,807,063
+1,200,000
| +198% | +$29M |
|
|
PPLI
624
People Inc
PPLI
$2.85B
| $44.7M | 0.03% |
4,576,870
+687,183
| +18% | +$6.28M |
|
|
GNC
625
DELISTED
GNC Holdings, Inc.
GNC
| $44.7M | 0.03% |
817,797
| – | – |
|
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.