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 | |
|---|---|---|---|---|---|---|
626
IDEX
IEX
$16.5B
| $44.5M | 0.03% |
682,109
| – | – |
|
|
TSS
627
DELISTED
Total System Services, Inc.
TSS
| $44.5M | 0.03% |
1,511,980
| – | – |
|
628
Waters Corp
WAT
$41.6B
| $44.3M | 0.03% |
417,153
+77,386
| +23% | +$7.94M |
|
629
KeyCorp
KEY
$23B
| $44.3M | 0.03% |
3,884,329
-15,022
| -0.4% | -$179K |
|
630
Essex Property Trust
ESS
$17.8B
| $44.2M | 0.03% |
299,258
| – | – |
|
631
Cemex
CX
$14.8B
| $44.1M | 0.03% |
4,617,511
| – | – |
|
632
Ashland
ASH
$3.22B
| $44.1M | 0.03% |
974,786
+155,618
| +19% | +$6.71M |
|
|
SINA
633
DELISTED
Sina Corp
SINA
| $44.1M | 0.03% |
543,189
| – | – |
|
|
GRA
634
DELISTED
W.R. Grace & Co.
GRA
| $44M | 0.03% |
503,556
+73,838
| +17% | +$6.12M |
|
635
United Rentals
URI
$61.7B
| $44M | 0.03% |
754,035
| – | – |
|
|
GAS
636
DELISTED
AGL Resources Inc
GAS
| $43.9M | 0.03% |
954,754
| – | – |
|
637
Ameren
AEE
$28.7B
| $43.9M | 0.03% |
1,260,095
+219,238
| +21% | +$7.6M |
|
638
SM Energy
SM
$9.5B
| $43.8M | 0.03% |
567,927
| – | – |
|
639
O-I Glass
OI
$983M
| $43.8M | 0.03% |
1,458,121
-278,530
| -16% | -$8.27M |
|
|
SPWR
640
DELISTED
SunPower Corporation Common Stock
SPWR
| $43.2M | 0.03% |
2,523,204
| – | – |
|
641
Dick's Sporting Goods
DKS
$11.1B
| $43.2M | 0.03% |
809,367
| – | – |
|
642
Vermilion Energy
VET
$2.03B
| $43M | 0.03% |
780,882
+8,835
| +1% | +$474K |
|
643
Under Armour
UAA
$2.16B
| $43M | 0.03% |
2,164,548
| – | – |
|
644
Camden Property Trust
CPT
$11.9B
| $43M | 0.03% |
699,678
| – | – |
|
645
SPX Corp
SPXC
$8.99B
| $43M | 0.03% |
2,016,085
+323,526
| +19% | +$6.29M |
|
|
BRSL
646
Brightstar Lottery PLC
BRSL
$1.92B
| $42.8M | 0.03% |
2,258,895
| – | – |
|
647
Assurant
AIZ
$14.1B
| $42.7M | 0.02% |
789,346
+57,120
| +8% | +$3.09M |
|
|
INXN
648
DELISTED
Interxion Holding N.V.
INXN
| $42.7M | 0.02% |
1,917,969
-38,008
| -2% | -$938K |
|
649
Westlake Corp
WLK
$8.92B
| $42.6M | 0.02% |
813,678
-223,252
| -22% | -$11.4M |
|
650
Expedia Group
EXPE
$34.5B
| $42.2M | 0.02% |
815,056
-73,089
| -8% | -$3.91M |
|
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.