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 | |
|---|---|---|---|---|---|---|
826
Tidewater
TDW
$3.73B
| $30.9M | 0.02% |
16,183
| – | – |
|
827
Eagle Materials
EXP
$6.29B
| $30.8M | 0.02% |
398,410
-13,257
| -3% | -$998K |
|
|
CLGX
828
DELISTED
Corelogic, Inc.
CLGX
| $30.8M | 0.02% |
867,073
| – | – |
|
|
LGF
829
DELISTED
Lions Gate Entertainment
LGF
| $30.8M | 0.02% |
972,493
-31,114
| -3% | -$1.03M |
|
830
Wolverine World Wide
WWW
$1.61B
| $30.8M | 0.02% |
906,402
| – | – |
|
|
TGI
831
DELISTED
Triumph Group
TGI
| $30.7M | 0.02% |
404,038
-14,104
| -3% | -$1.02M |
|
|
PWE
832
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $30.7M | 0.02% |
3,681,215
+46,671
| +1% | +$448K |
|
|
TMH
833
DELISTED
Team Health Holdings Inc
TMH
| $30.7M | 0.02% |
674,503
| – | – |
|
834
Cinemark Holdings
CNK
$4.24B
| $30.7M | 0.02% |
921,121
| – | – |
|
835
MSC Industrial Direct
MSM
$6.89B
| $30.6M | 0.02% |
378,289
-13,200
| -3% | -$1.04M |
|
836
Live Nation Entertainment
LYV
$40.6B
| $30.6M | 0.02% |
1,547,443
| – | – |
|
|
ERF
837
DELISTED
Enerplus Corporation
ERF
| $30.4M | 0.02% |
1,685,530
+25,565
| +2% | +$447K |
|
838
Crane NXT
CXT
$2.99B
| $30.3M | 0.02% |
1,299,143
-46,271
| -3% | -$1.02M |
|
839
BlackBerry
BB
$4.98B
| $30.3M | 0.02% |
4,074,185
-631,374
| -13% | -$4.46M |
|
|
TIBX
840
DELISTED
TIBCO SOFTWARE INC
TIBX
| $30.3M | 0.02% |
1,347,471
-41,754
| -3% | -$1.02M |
|
841
NewMarket
NEU
$7.82B
| $30.2M | 0.02% |
90,427
| – | – |
|
842
Kilroy Realty
KRC
$4.52B
| $30.1M | 0.02% |
600,594
-19,470
| -3% | -$997K |
|
843
ON Semiconductor
ON
$31.8B
| $30.1M | 0.02% |
3,653,771
-140,449
| -4% | -$1.02M |
|
844
Universal Display
OLED
$3.68B
| $30M | 0.02% |
873,053
-12,390
| -1% | -$413K |
|
|
CST
845
DELISTED
CST Brands, Inc.
CST
| $30M | 0.02% |
816,127
| – | – |
|
846
Ionis Pharmaceuticals
IONS
$8.6B
| $30M | 0.02% |
752,077
+25,595
| +4% | +$912K |
|
847
CAE Inc. Common Shares
CAE
$8.3B
| $29.8M | 0.02% |
2,344,255
+10,616
| +0.5% | +$122K |
|
848
Sensata Technologies
ST
$6.74B
| $29.8M | 0.02% |
767,596
-27,027
| -3% | -$1.04M |
|
849
ATI
ATI
$25.6B
| $29.7M | 0.02% |
834,267
-394,971
| -32% | -$13M |
|
|
CYN
850
DELISTED
CITY NATIONAL CORPORATION
CYN
| $29.7M | 0.02% |
374,590
-6,253
| -2% | -$461K |
|
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.