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 | |
|---|---|---|---|---|---|---|
|
FIO
1551
DELISTED
FUSION-IO INC COM
FIO
| $10.2M | 0.01% |
761,420
+269,976
| +55% | +$3.56M |
|
1552
AZZ Inc
AZZ
$4B
| $10.2M | 0.01% |
242,918
| – | – |
|
|
CYBX
1553
DELISTED
CYBERONICS INC
CYBX
| $10.2M | 0.01% |
200,315
+93,414
| +87% | +$4.9M |
|
1554
Acacia Research
ACTG
$445M
| $10.2M | 0.01% |
440,698
| – | – |
|
1555
Pinnacle Financial Partners Inc
PNFP
$15B
| $10.1M | 0.01% |
339,372
| – | – |
|
|
SHFL
1556
DELISTED
SHFL ENTMT INC
SHFL
| $10.1M | 0.01% |
438,583
| – | – |
|
1557
Unisys
UIS
$183M
| $10.1M | 0.01% |
400,409
| – | – |
|
1558
Rambus
RMBS
$9.01B
| $10M | 0.01% |
1,068,232
| – | – |
|
1559
Boyd Gaming
BYD
$5.53B
| $10M | 0.01% |
709,116
+166,322
| +31% | +$2.04M |
|
1560
American States Water
AWR
$3.43B
| $10M | 0.01% |
362,952
| – | – |
|
1561
Korn Ferry
KFY
$4.25B
| $9.99M | 0.01% |
466,810
+51,653
| +12% | +$1.02M |
|
|
CJES
1562
DELISTED
C&J ENERGY SVCS LTD
CJES
| $9.99M | 0.01% |
497,403
+29,600
| +6% | +$610K |
|
1563
Tennant Co
TNC
$1.17B
| $9.96M | 0.01% |
160,617
| – | – |
|
|
AREX
1564
DELISTED
Approach Resources Inc.
AREX
| $9.94M | 0.01% |
378,322
+113,695
| +43% | +$2.88M |
|
1565
Coeur Mining
CDE
$20.5B
| $9.93M | 0.01% |
823,854
+85,616
| +12% | +$1.17M |
|
1566
Gerdau
GGB
$9.93B
| $9.93M | 0.01% |
1,676,766
| – | – |
|
|
SAFE
1567
Safehold
SAFE
$976M
| $9.91M | 0.01% |
169,163
| – | – |
|
|
EPAY
1568
DELISTED
Bottomline Technologies Inc
EPAY
| $9.91M | 0.01% |
355,500
| – | – |
|
|
KAMN
1569
DELISTED
Kaman Corp
KAMN
| $9.91M | 0.01% |
261,728
| – | – |
|
1570
Nektar Therapeutics
NKTR
$2.28B
| $9.89M | 0.01% |
63,113
+11,802
| +23% | +$2.18M |
|
1571
WD-40
WDFC
$2.55B
| $9.88M | 0.01% |
152,246
| – | – |
|
1572
Helen of Troy
HELE
$628M
| $9.88M | 0.01% |
223,482
| – | – |
|
|
ILG
1573
DELISTED
ILG, Inc Common Stock
ILG
| $9.84M | 0.01% |
416,587
+46,404
| +13% | +$1.02M |
|
|
KEG
1574
DELISTED
KEY ENERGY SERVICES INC
KEG
| $9.83M | 0.01% |
1,347,990
| – | – |
|
|
SODA
1575
DELISTED
SodaStream International Ltd
SODA
| $9.8M | 0.01% |
157,153
+34,674
| +28% | +$2.2M |
|
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.