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 |
Blackrock
BLK
|
+$3.48B |
| 2 |
Apple
AAPL
|
+$3.25B |
| 3 |
ExxonMobil
XOM
|
+$3.2B |
| 4 |
Microsoft
MSFT
|
+$2.26B |
| 5 |
Chevron
CVX
|
+$2.15B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.83% |
| 2 | Technology | 13.05% |
| 3 | Healthcare | 11% |
| 4 | Energy | 9.99% |
| 5 | Industrials | 9.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
NextEra Energy
NEE
$186B
| $407M | 0.25% |
+19,996,644
| New | +$397M |
|
|
GGP
77
DELISTED
GGP Inc.
GGP
| $403M | 0.25% |
+20,294,480
| New | +$432M |
|
|
ESRX
78
DELISTED
Express Scripts Holding Company
ESRX
| $400M | 0.25% |
+6,489,072
| New | +$391M |
|
79
Biogen
BIIB
$31.6B
| $398M | 0.25% |
+1,850,405
| New | +$395M |
|
80
Target
TGT
$66.3B
| $395M | 0.25% |
+5,741,114
| New | +$399M |
|
81
American International
AIG
$42.8B
| $385M | 0.24% |
+8,617,078
| New | +$370M |
|
|
CELG
82
DELISTED
Celgene Corp
CELG
| $383M | 0.24% |
+6,559,824
| New | +$395M |
|
83
Suncor Energy
SU
$77.4B
| $383M | 0.24% |
+13,015,699
| New | +$392M |
|
84
Goldman Sachs
GS
$292B
| $382M | 0.24% |
+2,526,042
| New | +$385M |
|
85
Transocean
RIG
$5.41B
| $381M | 0.24% |
+7,945,120
| New | +$405M |
|
86
Starbucks
SBUX
$118B
| $375M | 0.23% |
+11,451,822
| New | +$356M |
|
87
Simon Property Group
SPG
$76.8B
| $372M | 0.23% |
+2,501,900
| New | +$401M |
|
88
Accenture
ACN
$106B
| $371M | 0.23% |
+5,161,878
| New | +$410M |
|
89
Lowe's Companies
LOW
$121B
| $370M | 0.23% |
+9,041,418
| New | +$364M |
|
|
FON
90
DELISTED
SPRINT CORP FON COM
FON
| $365M | 0.23% |
+52,000,229
| New | +$365M |
|
91
Halliburton
HAL
$26.2B
| $364M | 0.23% |
+8,727,507
| New | +$365M |
|
92
Boston Properties
BXP
$11.8B
| $358M | 0.22% |
+3,391,058
| New | +$368M |
|
|
EMC
93
DELISTED
EMC CORPORATION
EMC
| $353M | 0.22% |
+14,935,754
| New | +$352M |
|
94
Johnson Controls International
JCI
$84.2B
| $348M | 0.22% |
+9,297,720
| New | +$347M |
|
|
DD
95
DELISTED
Du Pont De Nemours E I
DD
| $342M | 0.21% |
+6,861,981
| New | +$346M |
|
96
Duke Energy
DUK
$101B
| $337M | 0.21% |
+4,992,625
| New | +$353M |
|
|
WBA
97
DELISTED
Walgreens Boots Alliance
WBA
| $335M | 0.21% |
+7,571,619
| New | +$369M |
|
98
Enbridge
ENB
$121B
| $330M | 0.21% |
+7,880,655
| New | +$355M |
|
99
Bank of Montreal
BMO
$124B
| $330M | 0.2% |
+5,703,816
| New | +$346M |
|
100
Chubb
CB
$141B
| $328M | 0.2% |
+3,670,603
| New | +$329M |
|
Similar funds
Norges Bank's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Norges Bank, which disclosed 2,107 positions worth $161B. Its ten largest holdings account for 15% of the portfolio.
Its largest position is Blackrock: 12,991,729 shares worth $3.34B.
By sector, the portfolio is most concentrated in Financials at 19% of assets, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2013 buy was Blackrock: 12,991,729 shares worth $3.34B.
- Norges Bank's ten largest holdings make up 15% of its $161B portfolio in Q2 2013.
- Norges Bank disclosed 2,107 positions in Q2 2013, its first 13F filing on record.
Based on Norges Bank's 13F filing for Q2 2013, filed 7 Aug 2013.