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 |
Hilton Worldwide
HLT
|
+$436M |
| 2 |
CNH
CNH Industrial
CNH
|
+$234M |
| 3 |
Cummins
CMI
|
+$187M |
| 4 |
Perrigo
PRGO
|
+$137M |
| 5 |
Republic Services
RSG
|
+$99.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$467M |
| 2 |
Apple
AAPL
|
+$378M |
| 3 |
JPMorgan Chase
JPM
|
+$343M |
| 4 |
ExxonMobil
XOM
|
+$312M |
| 5 |
Chevron
CVX
|
+$247M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.33% |
| 2 | Technology | 12.94% |
| 3 | Healthcare | 11.73% |
| 4 | Industrials | 10.44% |
| 5 | Energy | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LIFE
676
DELISTED
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
| $39.4M | 0.02% |
519,815
-6,659
| -1% | -$502K |
|
677
Mid-America Apartment Communities
MAA
$15.4B
| $39.4M | 0.02% |
648,478
+285,206
| +79% | +$17.8M |
|
678
SITE Centers
SITC
$225M
| $39.3M | 0.02% |
1,983,544
| – | – |
|
679
Baytex Energy
BTE
$3.25B
| $39.2M | 0.02% |
1,000,140
+16,110
| +2% | +$648K |
|
|
HCC
680
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $39M | 0.02% |
845,282
| – | – |
|
681
Microchip Technology
MCHP
$40.3B
| $39M | 0.02% |
1,742,788
-978,370
| -36% | -$20.5M |
|
682
Albemarle
ALB
$13.9B
| $38.9M | 0.02% |
613,956
| – | – |
|
683
Camden Property Trust
CPT
$11B
| $38.9M | 0.02% |
683,260
-16,418
| -2% | -$999K |
|
684
Howard Hughes
HHH
$3.81B
| $38.8M | 0.02% |
338,676
| – | – |
|
|
DNKN
685
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $38.7M | 0.02% |
803,693
-21,177
| -3% | -$1M |
|
686
Graco
GGG
$12.9B
| $38.7M | 0.02% |
1,486,146
| – | – |
|
|
BMS
687
DELISTED
Bemis
BMS
| $38.6M | 0.02% |
943,065
-48,499
| -5% | -$1.91M |
|
|
SIVB
688
DELISTED
SVB Financial Group
SIVB
| $38.6M | 0.02% |
368,311
| – | – |
|
689
Hexcel
HXL
$7.79B
| $38.6M | 0.02% |
864,066
| – | – |
|
690
Enovis
ENOV
$1.68B
| $38.6M | 0.02% |
351,955
-10,458
| -3% | -$1.05M |
|
691
Factset
FDS
$9.36B
| $38.4M | 0.02% |
353,277
-9,206
| -3% | -$1.02M |
|
|
TE
692
DELISTED
TECO ENERGY INC
TE
| $38.3M | 0.02% |
2,221,984
-302,847
| -12% | -$5.18M |
|
693
UGI
UGI
$7.74B
| $38.3M | 0.02% |
1,384,145
-36,684
| -3% | -$989K |
|
|
ROC
694
DELISTED
ROCKWOOD HLDGS INC
ROC
| $38.3M | 0.02% |
531,867
| – | – |
|
695
Owens Corning
OC
$11.2B
| $38.2M | 0.02% |
937,613
-54,221
| -5% | -$2.06M |
|
696
KBR
KBR
$4.62B
| $38M | 0.02% |
1,192,444
-29,078
| -2% | -$966K |
|
697
Huntington Ingalls Industries
HII
$12.9B
| $38M | 0.02% |
421,792
| – | – |
|
|
MCRS
698
DELISTED
MICROS SYSTEMS INC
MCRS
| $37.9M | 0.02% |
660,481
-18,847
| -3% | -$1M |
|
|
DNB
699
DELISTED
Dun & Bradstreet
DNB
| $37.9M | 0.02% |
308,574
-57,598
| -16% | -$6.46M |
|
|
PDCO
700
DELISTED
Patterson Companies, Inc.
PDCO
| $37.9M | 0.02% |
919,322
+193,016
| +27% | +$8M |
|
Similar funds
Norges Bank's Q4 2013 Portfolio in Review
As of Q4 2013, Norges Bank held 2,134 positions worth $174B, up 1.3% from $171B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Norges Bank withdrew a net $13.1B in Q4 2013, closing 36 positions and reducing 812 holdings. Its most notable exit was DELL INC, an estimated $166M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Norges Bank opened a new position in Hilton Worldwide worth $445M.
- Norges Bank's largest Q4 2013 buy was Hilton Worldwide: 6,666,667 shares worth $445M.
- Norges Bank added most to Cummins in Q4 2013, an estimated $187M increase.
- Norges Bank's biggest Q4 2013 reduction was Blackrock, cutting an estimated $467M.
- Norges Bank fully exited DELL INC in Q4 2013, selling an estimated $166M.
- Norges Bank's ten largest holdings make up 15% of its $174B portfolio in Q4 2013.
- Norges Bank opened 50 new positions and closed 36 in Q4 2013.
- Norges Bank's portfolio value rose 1.3% quarter-over-quarter to $174B.
Based on Norges Bank's 13F filing for Q4 2013, filed 7 Feb 2014.