Holding of equities at 31 December 2010
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0.00% 0.30% 18 476 197 196 794 506 1 835 871 150 436 589 3 989 731 7 773 325 1 989 515 324 993 536 243 166 314 304 331 296 30 646 607 29 917 913 50 301 657 100 049 898 34 152 912 10 385 922 49 338 450 200 188 524 9 844 273 4 759 151 6 026 301 178 864 049 39 211 821 12 204 059 6 172 382 18 459 514 18 113 950 26 140 436 1 895 887 058 8 600 986 7 280 809 14 414 027 18 675 238 23 278 601 239 917 267 51 117 497 28 407 211 83 735 412 3 185 660 769 44 934 720 4 633 797 311 456 075 181 115 014 92 324 806 140 010 017 650 169 956 26 653 331 18 308 710 49 719 545 71 610 036 5 882 548 1 604 476 9 131 752 10 039 191 19 042 091 115 566 620 12 139 023 50 948 848 21 703 310 44 435 436 25 723 073 35 341 084 7 018 882 107 443 461 1 073 890 263 068 957 187 671 978 2 983 221 2 886 659 575 52 477 995 362 079 614 2 329 388 40 107 311 23 731 036 19 698 094 88 917 678 716 731 846 295 148 625 1 033 789 8 359 727 10 941 020 64 104 468 139 879 281 9 501 827 42 354 189 12 987 339 0.36% 1.58% 0.38% 0.36% 0.42% 0.52% 0.19% 0.90% 0.49% 0.46% 0.77% 0.30% 0.38% 1.43% 0.16% 0.55% 0.52% 0.00% 0.59% 0.00% 0.60% 0.45% 0.41% 0.25% 0.27% 0.47% 0.25% 0.26% 0.52% 0.38% 0.57% 0.44% 0.29% 0.42% 0.31% 0.37% 0.50% 0.39% 0.21% 0.36% 0.43% 1.26% 1.45% 0.44% 1.87% 1.06% 0.60% 0.44% 0.22% 0.45% 0.42% 0.05% 0.47% 0.15% 0.58% 0.39% 0.46% 0.36% 0.00% 0.00% 0.00% 0.47% 0.21% 0.17% 0.02% 0.54% 0.69% 0.36% 0.62% 0.43% 1.01% 0.02% 0.38% 0.54% 0.48% 0.24% 0.61% 1.94% 0.03% 0.57% 0.29% 0.47% 0.61% 0.46% 1.66% 0.14% 0.36% 1.58% 0.38% 0.36% 0.42% 0.52% 0.19% 0.90% 0.49% 0.46% 0.77% 0.30% 0.38% 1.43% 0.16% 0.55% 0.52% 0.00% 0.58% 0.00% 0.60% 0.45% 0.41% 0.25% 0.27% 0.47% 0.25% 0.26% 0.52% 0.38% 0.57% 0.44% 0.29% 0.42% 0.31% 0.37% 0.50% 0.39% 0.21% 0.36% 0.43% 1.26% 1.45% 0.44% 1.87% 1.06% 0.60% 0.44% 0.21% 0.45% 0.42% 0.05% 0.47% 0.15% 0.58% 0.39% 0.46% 0.36% 0.00% 0.00% 0.00% 0.46% 0.21% 0.17% 0.02% 0.54% 0.69% 0.36% 0.62% 0.43% 1.01% 0.02% 0.38% 0.54% 0.48% 0.24% 0.61% 1.94% 0.03% 0.57% 0.29% 0.47% 0.61% 0.46% 1.66% 0.14% 67 801 033 14 035 765 15 972 052 8 543 687 17 287 528 626 541 9 135 640 10 185 047 16 409 659 5 770 933 90 860 701 22 518 477 23 729 853 52 328 985 12 127 038 568 428 887 2 032 276 909 454 53 386 543 288 309 094 150 084 566 249 506 892 23 283 963 10 493 908 26 519 811 70 534 547 6 210 436 13 851 483 8 754 926 4 661 498 96 428 932 146 319 185 21 916 535 9 384 354 15 014 863 27 077 635 38 914 470 47 990 529 582 605 812 23 111 413 48 800 218 3 694 572 984 165 2 491 347 71 618 981 122 788 029 7 956 085 51 959 635 24 578 344 245 295 352 136 574 980 26 846 248 78 932 680 9 838 631 10 939 151 8 235 734 525 486 979 21 473 293 226 087 624 19 727 802 8 834 254 94 806 285 28 538 949 9 245 381 6 678 175 30 494 152 14 159 454 126 786 194 100 126 591 149 877 154 11 207 732 1 901 144 141 58 106 653 33 888 178 460 085 141 8 471 664 806 957 58 377 145 5 932 238 636 592 087 14 886 450 67 275 507 13 398 250 526 962 768 152 979 817 29 073 937 82 615 391 152 762 988 807 097 7 629 304 38 967 633 0.76% 0.23% 0.33% 0.55% 0.43% 0.03% 0.07% 0.19% 0.37% 0.04% 0.46% 0.38% 0.54% 0.36% 0.01% 0.87% 0.27% 0.01% 0.48% 1.08% 0.46% 3.20% 0.57% 0.33% 0.48% 0.38% 0.46% 0.50% 0.44% 0.18% 0.42% 0.38% 0.33% 0.32% 0.00% 1.12% 0.48% 0.53% 1.21% 0.52% 0.46% 0.06% 0.21% 0.11% 0.41% 1.05% 0.23% 0.55% 0.37% 0.44% 0.47% 0.34% 0.39% 0.04% 0.48% 0.20% 0.69% 0.35% 0.68% 0.27% 0.23% 0.50% 0.43% 0.41% 0.00% 0.25% 0.21% 0.51% 1.05% 1.10% 0.34% 0.62% 0.69% 0.14% 0.25% 0.31% 0.02% 0.73% 0.45% 1.16% 0.35% 0.33% 0.02% 0.60% 0.46% 0.53% 0.39% 0.97% 0.03% 0.52% 0.47% 0.76% 0.23% 0.33% 0.55% 0.43% 0.02% 0.07% 0.19% 0.37% 0.04% 0.46% 0.38% 0.54% 0.36% 0.01% 0.87% 0.27% 0.01% 0.48% 1.08% 0.46% 3.20% 0.57% 0.33% 0.48% 0.38% 0.46% 0.50% 0.44% 0.18% 0.42% 0.38% 0.33% 0.32% 0.00% 1.12% 0.48% 0.53% 1.21% 0.52% 0.46% 0.06% 0.21% 0.11% 0.41% 1.05% 0.23% 0.55% 0.37% 0.44% 0.47% 0.34% 0.39% 0.04% 0.48% 0.20% 0.69% 0.35% 0.68% 0.27% 0.23% 0.50% 0.43% 0.41% 0.00% 0.25% 0.21% 0.51% 1.05% 1.10% 0.34% 0.62% 0.69% 0.14% 0.25% 0.31% 0.02% 0.73% 0.45% 1.16% 0.35% 0.33% 0.02% 0.60% 0.46% 0.53% 0.39% 0.97% 0.03% 0.52% 0.47% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 1 Government pension fund global ANNUAL REPORT 2010 16 548 188 DUET Group Financials DuluxGroup LtdIndustrials Eastern Star Gas LtdOil & Gas Elders Ltd Consumer Goods Emeco Holdings LtdIndustrials Energy Developments LtdUtilities Energy Resources of Australia LtdBasic Materials Energy World Corp LtdUtilities Envestra LtdUtilities Extract Resources LtdBasic Materials Fairfax Media Ltd Consumer Services FKP Property Group Financials Fleetwood Corp Ltd Consumer Goods Flight Centre Ltd Consumer Services Fortescue Metals Group LtdBasic Materials Foster’s Group Ltd Consumer Goods Geodynamics LtdUtilities Gindalbie Metals LtdBasic Materials Goodman Fielder Ltd Consumer Goods Goodman Group Financials GPT Group Financials GrainCorp Ltd Consumer Goods GUD Holdings Ltd Consumer Goods Gunns LtdBasic Materials GWA Group LtdIndustrials Harvey Norman Holdings Ltd Consumer Services Hastie Group LtdIndustrials Hills Holdings LtdIndustrials Horizon Oil LtdOil & Gas iiNET LtdTechnology Iluka Resources LtdBasic Materials Incitec Pivot LtdBasic Materials Independence Group NLBasic Materials Indophil Resources NLBasic Materials Industrea LtdIndustrials Infigen EnergyUtilities ING Industrial Fund Financials ING Office Fund Financials Insurance Australia Group Ltd Financials Invocare Ltd Consumer Services IOOF Holdings Ltd Financials Iress Market Technology LtdTechnology iSOFT Group LtdTechnology Jabiru Metals LtdBasic Materials James Hardie Industries SEIndustrials JB Hi-Fi Ltd Consumer Services Kagara LtdBasic Materials Karoon Gas Australia LtdOil & Gas Kingsgate Consolidated LtdBasic Materials Leighton Holdings LtdIndustrials Lend Lease Group Financials Linc Energy LtdOil & Gas Lynas Corp LtdBasic Materials MacArthur Coal LtdBasic Materials Macmahon Holdings LtdBasic Materials Macquarie Atlas Roads GroupIndustrials Macquarie Group Ltd Financials Mantra Resources LtdBasic Materials MAp GroupIndustrials Medusa Mining LtdBasic Materials Mermaid Marine Australia LtdIndustrials Metcash Ltd Consumer Services Minara Resources LtdBasic Materials Mincor Resources NLBasic Materials Mineral Deposits LtdBasic Materials Mineral Resources LtdBasic Materials Mirabela Nickel LtdBasic Materials Mirvac Group Financials Monadelphous Group LtdIndustrials Mount Gibson Iron LtdBasic Materials Murchison Metals LtdBasic Materials National Australia Bank Ltd Financials Navitas Ltd Consumer Services New Hope Corp LtdBasic Materials Newcrest Mining LtdBasic Materials Nexus Energy LtdOil & Gas NRW Holdings LtdIndustrials Nufarm Ltd/AustraliaBasic Materials Oakton LtdTechnology Oil Search LtdOil & Gas OM Holdings LtdBasic Materials OneSteel LtdBasic Materials Orica LtdBasic Materials Origin Energy LtdUtilities OZ Minerals LtdBasic Materials Pacific Brands Ltd Consumer Goods Paladin Energy LtdBasic Materials PanAust LtdBasic Materials Panoramic Resources LtdBasic Materials PaperlinX LtdBasic Materials Perpetual Ltd Financials Ownership 1.22% Voting 1.22% Market value (NOK) Ownership 17 397 650 Sector Voting Antigua and Barbuda Sinovac Biotech Ltd Health Care Argentina Cresud SACIF y A Consumer Goods Australia Abacus Property Group Financials Adelaide Brighton LtdIndustrials AED Oil LtdOil & Gas AGL Energy LtdUtilities AJ Lucas Group LtdIndustrials Alesco Corp LtdIndustrials Alliance Resources LtdBasic Materials Alumina LtdBasic Materials Amcor Ltd/AustraliaIndustrials AMP Ltd Financials Ampella Mining LtdBasic Materials Ansell Ltd Health Care APA GroupOil & Gas APN News & Media Ltd Consumer Services Aquila Resources LtdBasic Materials Ardent Leisure Group Financials Aristocrat Leisure Ltd Consumer Services Asciano LtdIndustrials Aspen Group Financials Aston Resources LtdBasic Materials Astro Japan Property Group Financials ASX Ltd Financials Atlas Iron LtdBasic Materials Ausdrill LtdBasic Materials Ausenco LtdBasic Materials Austal LtdIndustrials Austar United Communications Ltd Consumer Services Australand Property Group Financials Australia & New Zealand Banking Group Ltd Financials Australian Agricultural Co Ltd Consumer Goods Australian Pharmaceutical Industries Ltd Consumer Services Automotive Holdings Group Consumer Services Avoca Resources LtdBasic Materials AWE LtdOil & Gas AXA Asia Pacific Holdings Ltd Financials Bank of Queensland Ltd Financials Beach Energy LtdOil & Gas Bendigo and Adelaide Bank Ltd Financials BHP Billiton LtdBasic Materials Billabong International Ltd Consumer Goods Biota Holdings Ltd Health Care BlueScope Steel LtdBasic Materials Boart Longyear GroupOil & Gas Boral LtdIndustrials Bradken LtdIndustrials Brambles LtdIndustrials Bunnings Warehouse Property Trust Financials Cabcharge Australia LtdIndustrials Caltex Australia LtdOil & Gas Campbell Brothers Ltd Consumer Goods Carbon Energy LtdBasic Materials Cardno LtdIndustrials Carnarvon Petroleum LtdOil & Gas carsales.com.au Ltd Consumer Services Centro Retail Group Financials CFS Retail Property Trust Financials Challenger Diversified Property Group Financials Challenger Ltd/AU Financials Charter Hall Group Financials Charter Hall Office REIT Financials Charter Hall Retail REIT Financials Citadel Resource Group LtdBasic Materials Clough LtdOil & Gas Coal & Allied Industries LtdBasic Materials Coal of Africa LtdBasic Materials Coca-Cola Amatil Ltd Consumer Goods Cochlear Ltd Health Care Coffey International LtdIndustrials Commonwealth Bank of Australia Financials Commonwealth Property Office Fund Financials Computershare Ltd Financials ConnectEast GroupIndustrials Consolidated Media Holdings Ltd Consumer Services Crane Group LtdIndustrials Cromwell Property Group Financials Crown Ltd Consumer Services CSL Ltd Health Care CSR LtdBasic Materials Cudeco LtdBasic Materials Customers LtdIndustrials Dart Energy LtdBasic Materials David Jones Ltd Consumer Services Dexus Property Group Financials Dominion Mining LtdBasic Materials Domino’s Pizza Enterprises Ltd Consumer Services Downer EDI LtdIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 435 620 842 5 417 654 190 228 502 152 691 744 12 810 385 163 410 053 141 844 231 6 015 881 898 514 688 2 196 039 79 935 438 474 176 743 134 255 538 22 421 628 113 311 427 130 695 071 362 513 852 36 661 663 215 794 167 132 730 238 105 020 184 85 221 590 21 468 252 96 055 567 962 130 543 1.56% 0.71% 1.50% 1.84% 0.42% 2.00% 1.98% 0.00% 0.87% 0.01% 0.95% 1.83% 3.05% 0.33% 0.83% 1.00% 0.50% 0.46% 0.35% 1.45% 1.31% 1.34% 0.77% 0.53% 2.64% 1.56% 0.71% 1.50% 1.84% 0.42% 2.00% 1.98% 0.00% 0.87% 0.01% 0.95% 1.83% 3.05% 0.33% 0.83% 1.00% 0.50% 0.46% 0.35% 1.45% 1.30% 1.34% 0.77% 0.53% 2.64% Verbund AGUtilities Vienna Insurance Group AG Wiener Versicherung Gruppe Financials Voestalpine AGBasic Materials Warimpex Finanz- und Beteiligungs AG Financials Wienerberger AGIndustrials Zumtobel AGIndustrials Bahrain Aluminium Bahrain BSCBasic Materials Belgium Ackermans & van Haaren NV Financials Ageas Financials AGFA-Gevaert NVIndustrials Anheuser-Busch InBev NV Consumer Goods Banque Nationale de Belgique Financials Barco NVIndustrials Befimmo SCA Sicafi Financials Bekaert SAIndustrials Belgacom SATelecommunications Cie d’Entreprises CFEIndustrials Cie Maritime Belge SAIndustrials Cie Nationale a Portefeuille Financials Cofinimmo Financials Colruyt SA Consumer Services Delhaize Group SA Consumer Services Dexia SA Financials D’ieteren SA Consumer Services Elia System Operator SA/NVUtilities Euronav NVIndustrials EVS Broadcast Equipment SAIndustrials Exmar NVIndustrials Gimv NV Financials Groupe Bruxelles Lambert SA Financials Intervest Offices Financials Ion Beam Applications Health Care KBC Ancora Financials KBC Groep NV Financials Melexis NVTechnology Mobistar SATelecommunications NyrstarBasic Materials Omega Pharma Health Care Recticel SABasic Materials RHJ International Financials RTL Group SA Consumer Services Sipef SA Consumer Goods Sofina SA Financials Solvay SABasic Materials Telenet Group Holding NV Consumer Services Tessenderlo Chemie NVBasic Materials ThromboGenics NV Health Care UCB SA Health Care Umicore SABasic Materials Van de Velde NV Consumer Goods Warehouses De Pauw SCA Financials Wereldhave Belgium NV Financials Bermuda Artini China Co Ltd Consumer Services Asian Citrus Holdings Ltd Consumer Goods AVIC International Holding HK LtdIndustrials Binhai Investment Co LtdOil & Gas China Boon Holdings Ltd Consumer Goods China Gogreen Assets Investment Ltd Health Care China LotSynergy Holdings Ltd Financials China Singyes Solar Technologies Holdings LtdIndustrials ChinaVision Media Group LtdIndustrials Cinda International Holdings Ltd Financials Cosan Ltd Consumer Goods Golar LNG LtdIndustrials Golden Resorts Group Ltd Consumer Services Lung Kee Bermuda HoldingsBasic Materials Madagascar Oil SAOil & Gas Oakley Capital Investments Ltd Financials Oriental Ginza Holdings LtdIndustrials Pacific Andes International Holdings Ltd Consumer Goods PAX Global Technology LtdIndustrials Pou Sheng International Holdings Ltd Consumer Services PureCircle Ltd Consumer Goods Sihuan Pharmaceutical Holdings Group Ltd Health Care Xiwang Sugar Holdings Co Ltd Consumer Goods Brazil AES Tiete SAUtilities Aliansce Shopping Centers SA Financials All America Latina Logistica SAIndustrials Amil Participacoes SA Health Care Anhanguera Educacional Participacoes SA Consumer Services B2W Cia Global Do Varejo Consumer Services Banco Bradesco SA Financials Banco do Brasil SA Financials Banco do Estado do Rio Grande do Sul Financials Banco Santander Brasil SA/Brazil Financials Market value (NOK) 185 534 925 0.25% 0.25% 200 524 668 844 822 767 17 389 853 311 664 717 35 531 893 0.52% 1.80% 1.72% 2.38% 0.50% 0.52% 1.80% 1.72% 2.38% 0.50% 479 341 268 0.00% 2.43% 227 580 921 924 072 514 81 409 130 5 139 130 006 68 917 117 78 747 495 165 949 712 546 588 967 478 543 474 76 878 215 61 301 599 167 104 620 203 247 708 363 562 627 798 331 572 208 815 564 201 782 178 33 922 41 517 973 73 954 059 1 680 47 589 073 1 159 028 598 7 864 931 11 195 591 40 231 906 360 820 873 30 754 030 84 481 961 215 113 966 103 279 563 7 391 598 72 401 096 92 227 041 19 972 054 176 340 973 474 330 758 1 203 349 466 93 934 298 59 005 123 543 984 998 832 460 546 9 140 845 27 113 856 5 852 113 1.39% 1.39% 2.64% 129.88% 1.90% 1.90% 0.96% 0.96% 0.63% 0.63% 1.65% 1.65% 2.07% 2.07% 1.36% 1.36% 0.72% 0.72% 1.40% 1.40% 0.98% 0.98% 0.54% 0.54% 1.96% 1.96% 0.73% 0.73% 1.82% 1.82% 0.56% 0.56% 0.99% 0.99% 0.00% 0.00% 0.81% 0.81% 1.44% 1.44% 0.00% 0.00% 0.64% 0.64% 1.46% 1.46% 0.31% 0.31% 0.64% 0.64% 0.50% 0.50% 0.51% 0.51% 0.68% 0.68% 0.37% 0.37% 2.46% 2.46% 1.52% 1.52% 0.41% 0.41% 1.75% 1.75% 0.10% 0.10% 0.40% 0.40% 0.93% 0.93% 0.90% 0.90% 4.66% 4.66% 1.54% 1.54% 1.02% 1.02% 1.48% 1.48% 2.29% 2.29% 0.22% 0.22% 0.76% 0.76% 0.21% 0.21% 13 346 766 36 040 008 51 592 542 38 357 933 21 366 790 30 716 255 75 145 659 2.77% 0.41% 4.21% 1.50% 3.37% 3.82% 4.05% 2.77% 0.41% 4.21% 1.50% 3.37% 3.82% 4.05% 33 602 312 26 170 130 30 147 990 28 641 083 6 293 638 99 072 635 51 073 895 44 776 068 41 047 111 40 309 141 5 843 33 152 474 21 178 626 71 244 280 26 000 368 73 596 308 1.45% 2.58% 3.93% 0.03% 0.11% 2.42% 2.06% 3.46% 2.42% 3.39% 0.00% 1.56% 0.49% 3.08% 0.12% 3.98% 1.45% 2.58% 3.93% 0.13% 0.11% 2.42% 2.06% 3.46% 2.42% 3.39% 0.00% 1.56% 0.49% 3.08% 0.12% 3.98% 62 940 157 29 114 960 118 660 191 40 646 988 74 273 105 30 892 438 1 300 534 505 1 307 695 223 87 560 851 863 572 041 0.24% 0.44% 0.33% 0.18% 0.36% 0.25% 0.00% 0.42% 0.00% 0.29% 0.21% 0.44% 0.33% 0.18% 0.36% 0.25% 0.30% 0.42% 0.35% 0.29% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 2 Government pension fund global ANNUAL REPORT 2010 0.40% 0.38% 0.20% 0.60% 0.57% 0.37% 0.46% 0.00% 0.74% 0.53% 0.22% 0.10% 0.41% 0.95% 0.46% 4.02% 0.43% 0.55% 1.35% 0.49% 2.47% 0.20% 0.49% 0.49% 2.09% 0.32% 0.43% 0.47% 0.31% 0.48% 2.42% 0.00% 0.50% 0.29% 0.40% 0.77% 0.36% 0.57% 0.21% 0.51% 3.00% 0.76% 0.48% 0.01% 0.40% 0.03% 0.36% 0.16% 0.49% 1.45% 1.41% 0.30% 0.50% 0.70% 0.09% 0.30% 0.00% 0.82% 0.29% 0.01% 0.43% 0.30% 0.49% 0.26% 1.27% Ownership 0.40% 0.38% 0.20% 0.60% 0.57% 0.37% 0.46% 0.00% 0.74% 0.53% 0.22% 0.10% 0.41% 0.95% 0.46% 4.02% 0.43% 0.55% 1.35% 0.49% 2.47% 0.20% 0.49% 0.49% 2.09% 0.32% 0.43% 0.47% 0.31% 0.48% 0.00% 0.00% 0.50% 0.29% 0.40% 0.77% 0.36% 0.57% 0.21% 0.51% 3.00% 0.76% 0.48% 0.01% 0.40% 0.03% 0.36% 0.16% 0.49% 1.45% 1.41% 0.30% 0.50% 0.70% 0.09% 0.30% 0.00% 0.82% 0.29% 0.01% 0.43% 0.30% 0.49% 0.26% 1.27% Sector Ownership Voting 33 922 637 15 451 952 33 149 878 8 966 021 10 660 805 21 163 362 51 638 438 528 9 509 859 6 505 416 76 969 046 111 841 746 163 847 860 203 992 913 9 952 678 964 442 274 7 434 526 31 453 084 96 369 467 335 359 473 328 149 089 31 477 350 13 853 018 27 971 682 551 216 578 6 670 283 11 461 174 126 798 560 45 496 878 15 539 977 25 440 106 18 538 761 254 132 971 9 912 656 9 315 805 508 002 053 33 438 137 5 747 700 9 594 332 142 529 681 5 669 081 9 110 947 96 801 610 18 326 347 35 476 045 6 102 889 34 722 328 12 115 328 51 711 626 112 488 728 621 150 184 43 214 438 28 202 192 1 545 972 123 7 454 172 19 256 787 1 238 233 799 382 959 253 1 158 718 432 2 168 203 7 401 156 593 653 713 960 594 442 98 149 698 79 251 129 Voting Perseus Mining LtdBasic Materials Pharmaxis Ltd Health Care Platinum Asset Management Ltd Financials Platinum Australia LtdBasic Materials PMP LtdIndustrials Premier Investments Ltd Financials Primary Health Care Ltd Health Care Prime Infrastructure GroupIndustrials PrimeAg Australia Ltd Consumer Goods Programmed Maintenance Services LtdIndustrials Qantas Airways Ltd Consumer Services QBE Insurance Group Ltd Financials QR National LtdIndustrials Ramsay Health Care Ltd Health Care Reject Shop Ltd/The Consumer Services Riversdale Mining LtdBasic Materials Roc Oil Co LtdOil & Gas SAI Global LtdIndustrials Sandfire Resources NLBasic Materials Santos LtdOil & Gas Seek LtdIndustrials Seven Group Holdings Ltd Consumer Services Sigma Pharmaceuticals Ltd Consumer Services Silex Systems LtdIndustrials Sims Metal Management LtdIndustrials Skilled Group LtdIndustrials SMS Management & Technology LtdTechnology Sonic Healthcare Ltd Health Care SP AusNetUtilities Spotless Group LtdIndustrials St Augustine Gold and Copper LtdBasic Materials St Barbara LtdBasic Materials Stockland Financials Straits Resources LtdBasic Materials STW Communications Group Ltd Consumer Services Suncorp Group Ltd Financials Sundance Resources Ltd/AustraliaBasic Materials Sunland Group Ltd Financials Super Retail Group Ltd Consumer Services TABCORP Holdings Ltd Consumer Services Tandou Ltd Consumer Goods Tap Oil LtdOil & Gas Tatts Group Ltd Consumer Services Telstra Corp LtdTelecommunications Ten Network Holdings Ltd Consumer Services Toll Holdings LtdIndustrials Tower Australia Group Ltd Financials TPG Telecom LtdTelecommunications Transfield Services LtdIndustrials Transpacific Industries Group LtdIndustrials Transurban GroupIndustrials UGL LtdIndustrials Virgin Blue Holdings Ltd Consumer Services Wesfarmers Ltd Consumer Services West Australian Newspapers Holdings Ltd Consumer Services Western Areas NLBasic Materials Westfield Group Financials Westfield Retail Trust Financials Westpac Banking Corp Financials Whitehaven Coal LtdBasic Materials WHK Group Ltd Financials Woodside Petroleum LtdOil & Gas Woolworths Ltd Consumer Services WorleyParsons LtdOil & Gas Wotif.com Holdings Ltd Consumer Services Austria Andritz AGIndustrials A-TEC Industries AGIndustrials Atrium European Real Estate Ltd Financials bwin Interactive Entertainment AG Consumer Services BWT AGIndustrials CA Immobilien Anlagen AG Financials Conwert Immobilien Invest SE Financials DO & CO Restaurants & Catering AG Consumer Services Erste Group Bank AG Financials EVN AGUtilities Flughafen Wien AGIndustrials IMMOFINANZ AG Financials Intercell AG Health Care Kapsch TrafficCom AGIndustrials Mayr Melnhof Karton AGIndustrials Oesterreichische Industrieholding AGIndustrials OMV AGOil & Gas Palfinger AGIndustrials Raiffeisen Bank International AG Financials RHI AGIndustrials Schoeller-Bleckmann Oilfield Equipment AGOil & Gas Semperit AG HoldingIndustrials Sparkassen Immobilien AG Financials Strabag SEIndustrials Telekom Austria AGTelecommunications Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.40% 0.37% 0.25% 0.05% 0.28% 111 712 581 0.07% 0.32% 156 947 601 1.35% 1.35% 4 034 712 0.00% 0.18% 24 248 975 299 595 057 504 210 593 8 387 713 166 216 770 200 830 648 378 805 496 41 716 942 236 421 168 767 583 108 123 291 142 21 215 296 166 145 375 19 479 416 36 330 330 0.00% 0.13% 0.00% 0.00% 0.00% 1.31% 0.24% 1.95% 0.17% 1.19% 0.00% 0.00% 0.42% 0.03% 3.02% 0.08% 0.48% 1.63% 0.11% 4.00% 1.31% 0.96% 1.95% 0.17% 1.19% 1.40% 0.32% 0.42% 0.03% 3.02% 110 943 579 29 074 326 108 321 449 87 125 063 0.34% 0.16% 0.38% 0.40% 0.34% 0.16% 0.38% 0.40% 42 255 042 132 736 520 0.43% 102 741 961 2.37% 30 253 012 14 612 792 0.21% 54 038 742 0.75% 80 336 199 0.01% 81 631 677 0.45% 27 500 828 1.19% 234 565 380 0.22% 36 416 838 0.00% 12 589 558 0.13% 27 531 227 0.31% 88 195 933 1.84% 162 476 248 0.38% 132 225 644 1.65% 2 198 289 841 0.00% 1 228 676 453 0.00% 61 823 003 0.10% 54 792 287 0.00% 474 426 251 2.61% 95 305 132 0.83% 94 027 468 0.49% 196 506 444 0.00% 89 153 983 0.37% 27 497 057 0.36% 144 463 261 4.48% 59 499 911 0.38% 30 485 454 0.33% 404 769 534 0.00% 71 169 612 0.38% 112 689 230 0.00% 25 252 861 0.00% 40 326 845 1.56% 40 352 854 0.22% 15 979 159 0.13% 155 268 371 0.59% 29 272 943 0.14% 50 459 660 0.26% 210 866 282 0.29% 5 758 203 0.00% 53 492 694 0.37% 35 005 821 0.22% 1 071 507 616 0.47% 111 451 886 0.59% 0.22% 0.43% 2.37% 1.30% 0.21% 0.75% 0.18% 0.45% 1.19% 0.23% 0.15% 0.13% 0.16% 1.84% 0.38% 1.65% 0.35% 0.61% 0.10% 0.29% 2.61% 0.83% 0.49% 0.48% 0.37% 0.36% 4.48% 0.38% 0.33% 3.69% 0.38% 0.29% 3.00% 1.56% 0.22% 0.13% 0.59% 0.13% 0.26% 0.29% 0.02% 0.37% 0.22% 0.47% 0.59% 231 280 510 7 063 594 140 0.59% 0.54% 0.59% 0.30% 49 598 036 17 997 640 18 012 848 4 453 916 94 861 044 397 709 420 48 950 056 125 241 993 0.15% 0.14% 0.60% 0.08% 0.00% 0.80% 0.35% 0.00% 0.15% 0.14% 0.60% 0.08% 0.90% 0.80% 0.35% 1.19% 7 120 690 92 789 909 187 281 088 79 855 346 26 961 596 39 819 434 96 783 348 169 055 486 510 983 674 47 492 719 51 946 083 110 618 672 90 710 049 88 441 684 262 847 240 27 154 179 29 465 173 378 507 557 5 396 092 156 467 168 110 193 325 3 823 483 508 0.15% 0.88% 0.00% 0.00% 0.35% 0.19% 0.00% 0.03% 1.18% 0.00% 0.00% 0.02% 0.49% 1.77% 0.42% 1.34% 0.58% 0.00% 0.00% 0.21% 0.00% 0.27% 0.15% 0.88% 1.40% 3.95% 0.35% 0.19% 0.46% 0.78% 1.40% 0.06% 0.13% 0.23% 0.49% 1.77% 0.42% 1.34% 0.58% 0.76% 0.32% 0.22% 0.39% 0.39% 29 780 309 381 322 224 107 247 475 0.82% 0.00% 0.23% 0.82% 0.51% 0.23% 34 603 742 25 499 049 40 240 449 30 951 563 158 884 567 0.72% 5.09% 0.10% 2.17% 3.62% 0.72% 5.09% 0.10% 2.17% 3.62% 1 539 627 32 608 720 18 756 057 57 888 251 824 724 886 1 658 425 391 74 459 342 34 535 757 118 318 226 0.08% 0.50% 0.55% 0.00% 1.10% 1.97% 0.58% 1.24% 0.11% 0.08% 0.50% 0.55% 0.57% 1.10% 1.97% 0.58% 1.24% 0.40% 28 189 401 31 355 924 176 827 914 18 684 266 79 661 916 105 763 115 93 938 504 11 994 031 12 112 304 18 373 255 21 807 581 38 719 341 6 240 928 54 402 1 013 862 599 2 999 689 421 178 457 078 291 342 279 13 746 666 31 471 631 44 830 325 71 486 420 237 851 327 12 515 908 1 072 996 469 219 494 575 118 363 225 47 400 467 76 010 426 649 391 140 33 556 732 38 300 434 1 461 716 534 958 324 597 2 498 120 268 466 422 819 68 200 803 212 108 717 97 126 682 0.53% 0.30% 2.82% 0.32% 0.00% 0.00% 0.27% 0.21% 0.41% 0.53% 0.46% 0.56% 0.56% 0.01% 0.53% 0.86% 1.64% 0.19% 0.52% 0.45% 0.46% 0.56% 0.25% 0.22% 0.96% 0.43% 0.68% 0.55% 0.49% 0.70% 0.49% 0.50% 0.81% 0.53% 0.89% 0.73% 0.56% 0.00% 0.00% 0.53% 0.29% 2.82% 0.32% 0.57% 0.53% 0.27% 0.21% 0.41% 0.53% 0.46% 0.56% 0.56% 0.01% 0.53% 0.86% 1.64% 0.19% 0.52% 0.45% 0.46% 0.56% 0.46% 0.22% 0.96% 0.43% 0.68% 0.55% 0.49% 0.70% 0.49% 0.50% 0.81% 0.53% 0.89% 0.73% 0.56% 0.65% 0.24% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 3 Government pension fund global ANNUAL REPORT 2010 0.40% 0.00% 0.06% 0.05% 0.00% Ownership 75 237 595 231 459 264 1 362 844 808 38 320 392 47 167 592 Porto Seguro SA Financials PortX Operacoes Portuarias SAIndustrials Positivo Informatica SATechnology Raia SA Consumer Services Randon Participacoes SAIndustrials Redecard SA Financials Rossi Residencial SA Consumer Goods Santos Brasil Participacoes SAIndustrials Sao Carlos Empreendimentos e Participacoes SA Financials Sao Martinho SA Consumer Goods Sao Paulo Alpargatas SA Consumer Goods Schulz SA Consumer Goods SLC Agricola SA Consumer Goods Sul America SA Financials Suzano Papel e Celulose SABasic Materials TAM SA Consumer Services Tele Norte Leste Participacoes SATelecommunications Telecomunicacoes de Sao Paulo SATelecommunications Telemar Norte Leste SATelecommunications Tim Participacoes SATelecommunications Totvs SATechnology TPI - Triunfo Participacoes e Investimentos SAIndustrials Tractebel Energia SAUtilities Trisul SA Financials Tupy SABasic Materials Ultrapar Participacoes SAUtilities Unipar Participacoes SABasic Materials Usinas Siderurgicas de Minas Gerais SABasic Materials Vale Fertilizantes SABasic Materials Vale SABasic Materials Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.AIndustrials Vivo Participacoes SATelecommunications Weg SAIndustrials British Virgin Islands Hollysys Automation Technologies LtdIndustrials Jetion Solar Holdings LtdIndustrials Mail.ru Group LtdTechnology Origin Agritech Ltd Consumer Goods Renesola LtdIndustrials Canada 5N Plus IncBasic Materials Advantage Oil & Gas LtdOil & Gas Aecon Group IncIndustrials AGF Management Ltd Financials Agnico-Eagle Mines LtdBasic Materials Agrium IncBasic Materials Alamos Gold IncBasic Materials Algonquin Power & Utilities CorpUtilities Alimentation Couche Tard Inc Consumer Services Allied Properties Real Estate Investment Trust Financials AltaGas LtdOil & Gas Anatolia Minerals Development LtdBasic Materials Artis Real Estate Investment Trust Financials Astral Media Inc Consumer Services Atco LtdUtilities Athabasca Oil Sands CorpOil & Gas Atlantic Power CorpUtilities Atrium Innovations IncBasic Materials ATS Automation Tooling Systems IncIndustrials Aura Minerals IncBasic Materials Aurizon Mines LtdBasic Materials Azure Dynamics CorpOil & Gas Ballard Power Systems IncOil & Gas Bank of Montreal Financials Bank of Nova Scotia Financials Bankers Petroleum LtdOil & Gas BCE IncTelecommunications BioExx Specialty Proteins LtdBasic Materials Birchcliff Energy LtdOil & Gas BlackPearl Resources IncOil & Gas Boardwalk Real Estate Investment Trust Financials Bombardier IncIndustrials Bonterra Energy CorpOil & Gas Brookfield Asset Management Inc Financials Brookfield Properties Corp Financials CAE IncIndustrials Calfrac Well Services LtdOil & Gas Calloway Real Estate Investment Trust Financials Cameco CorpBasic Materials Canaccord Financial Inc Financials Canadian Apartment Properties REIT Financials Canadian Imperial Bank of Commerce/Canada Financials Canadian National Railway CoIndustrials Canadian Natural Resources LtdOil & Gas Canadian Pacific Railway LtdIndustrials Canadian Real Estate Investment Trust Financials Canadian Tire Corp Ltd Consumer Services Canadian Utilities LtdUtilities Voting 0.59% 0.65% 0.54% 0.41% 0.14% 0.96% 0.26% 0.29% Market value (NOK) 0.59% 0.65% 0.00% 0.00% 0.00% 0.93% 0.26% 0.22% Sector Ownership 557 940 338 157 115 292 284 171 982 102 875 157 80 823 832 801 071 354 34 126 489 275 918 109 Voting BM&FBovespa SA Financials BR Malls Participacoes SA Financials Bradespar SA Financials Brasil Telecom SATelecommunications Braskem SABasic Materials BRF - Brasil Foods SA Consumer Goods Brookfield Incorporacoes SA Financials Centrais Eletricas Brasileiras SAUtilities CETIP SA - Balcao Organizado de Ativos e Derivativos Financials Cia Brasileira de Distribuicao Grupo Pao de Acucar Consumer Services Cia de Bebidas das Americas Consumer Goods Cia de Concessoes RodoviariasIndustrials Cia de Gas de Sao PauloUtilities Cia de Saneamento Basico do Estado de Sao PauloUtilities Cia de Saneamento de Minas Gerais-COPASAUtilities Cia de Tecidos do Norte de Minas Coteminas Consumer Goods Cia de Transmissao de Energia Electrica PaulistaUtilities Cia Energetica de Minas GeraisUtilities Cia Energetica de Sao PauloUtilities Cia Energetica do CearaUtilities Cia Ferro Ligas da Bahia - FerbasaBasic Materials Cia Hering Consumer Goods Cia Paranaense de EnergiaUtilities Cia Providencia Industria e Comercio SABasic Materials Cia Siderurgica Nacional SABasic Materials Cielo SA Financials Confab Industrial SABasic Materials Contax Participacoes SAIndustrials Cosan SA Industria e Comercio Consumer Goods CPFL Energia SAUtilities CR2 Empreendimentos Imobiliarios SA Financials Cyrela Brazil Realty SA Empreendimentos e Participacoes Financials Diagnosticos da America SA Health Care Duratex SAIndustrials EDP - Energias do Brasil SAUtilities Eletropaulo Metropolitana Eletricidade de Sao Paulo SAUtilities Embraer SAIndustrials Equatorial Energia SAUtilities Eucatex SA Industria e ComercioIndustrials Even Construtora e Incorporadora SA Financials Ez Tec Empreendimentos e Participacoes SA Financials Fibria Celulose SABasic Materials Gafisa SA Consumer Goods General Shopping Brasil SA Financials Gerdau SABasic Materials Gol Linhas Aereas Inteligentes SA Consumer Services Grendene SA Consumer Goods Guararapes Confeccoes SA Consumer Goods Helbor Empreendimentos SA Financials Hypermarcas SA Consumer Goods Iochpe-Maxion SA Consumer Goods Itau Unibanco Holding SA Financials Itausa - Investimentos Itau SA Financials JBS SA Consumer Goods Klabin SAIndustrials Light SAUtilities LLX Logistica SAIndustrials Localiza Rent a Car SA Consumer Services Lojas Americanas SA Consumer Services Lojas Renner SA Consumer Services LPS Brasil Consultoria de Imoveis SA Financials Lupatech SAIndustrials M Dias Branco SA Consumer Goods Magnesita Refratarios SAIndustrials Marcopolo SAIndustrials Marfrig Alimentos SA Consumer Goods Metalurgica Gerdau SABasic Materials Millennium Inorganic Chemicals do Brasil SABasic Materials Minerva SA/Brazil Consumer Goods MMX Mineracao e Metalicos SABasic Materials MPX Energia SAUtilities MRV Engenharia e Participacoes SA Financials Multiplan Empreendimentos Imobiliarios SA Financials Multiplus SA Consumer Services Natura Cosmeticos SA Consumer Goods NET Servicos de Comunicacao SA Consumer Services Obrascon Huarte Lain Brasil SAIndustrials Odontoprev SA Health Care OGX Petroleo e Gas Participacoes SAOil & Gas OSX Brasil SABasic Materials PDG Realty SA Empreendimentos e Participacoes Financials Petroleo Brasileiro SAOil & Gas Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.62% 0.65% 0.29% 0.41% 4.97% 0.59% 0.10% 0.57% 1.37% 0.56% 0.54% 0.00% 0.52% 0.76% 0.44% 0.43% 0.56% 0.55% 0.42% 0.24% 0.22% 2.03% 0.49% 0.25% 0.57% 0.87% 0.59% 0.00% 0.18% 0.54% 0.52% 2.16% 0.54% 0.53% 0.55% 0.58% 0.53% 0.11% 0.56% 0.22% 1.85% 0.31% 1.98% 0.52% 0.55% 2.02% 0.59% 0.27% 1.57% 0.56% 0.27% 0.18% 1.31% 0.59% 0.55% 0.54% 0.68% 0.47% 0.58% 0.16% 0.60% 0.26% 0.00% 0.59% 0.49% 0.45% 0.57% 2.13% 0.58% 0.14% 0.54% 0.52% 0.28% 0.12% 1.80% 0.13% 0.62% 0.65% 0.29% 0.41% 4.97% 0.59% 0.38% 0.57% 1.37% 0.56% 0.54% 0.15% 0.52% 0.76% 0.44% 0.43% 0.56% 0.55% 0.42% 0.51% 0.54% 2.03% 0.49% 0.20% 0.57% 0.87% 0.59% 0.29% 0.18% 0.54% 0.52% 2.16% 1.50% 0.53% 0.55% 0.58% 0.53% 0.19% 0.56% 0.22% 1.85% 0.57% 1.98% 0.52% 0.55% 2.02% 0.59% 0.27% 1.57% 0.56% 0.27% 0.18% 1.31% 0.59% 0.56% 0.54% 0.68% 0.47% 0.58% 0.16% 0.60% 0.26% 0.00% 0.59% 0.49% 0.45% 0.57% 2.13% 0.58% 0.14% 0.54% 0.52% 0.28% 0.12% 1.80% 0.13% 101 545 536 141 037 127 17 744 922 185 032 226 282 999 870 18 936 233 35 147 501 442 326 664 107 722 935 53 621 876 38 139 755 22 774 424 47 806 932 124 334 245 105 934 550 66 685 333 13 876 689 5 126 711 422 623 182 30 854 574 1 178 341 550 410 617 129 703 470 22 889 428 119 681 826 3 760 830 21 797 170 257 825 617 237 644 159 25 151 883 8 166 411 20 044 602 45 720 458 1 080 681 811 41 581 268 122 105 662 679 138 415 307 940 770 9 267 403 12 329 242 36 873 806 30 956 843 82 215 581 20 972 570 19 075 022 123 462 322 92 282 095 5 846 661 49 328 781 137 418 982 242 601 611 149 868 223 33 761 933 25 368 575 1 362 497 73 988 261 282 046 401 62 382 365 72 008 576 263 244 342 1 573 253 645 159 028 266 104 313 052 28 231 323 77 929 343 48 561 117 74 843 510 4 826 396 7 568 764 104 715 826 54 063 256 35 518 397 1 340 843 212 15 288 843 223 780 147 107 267 553 65 456 241 488 951 595 277 009 939 177 531 322 3 298 488 599 39 914 607 153 916 042 210 782 798 18 560 312 26 544 369 98 525 212 277 849 476 54 500 881 356 951 566 0.56% 0.56% 0.50% 0.55% 0.37% 0.54% 0.05% 0.35% 1.70% 0.59% 0.57% 0.20% 0.62% 0.19% 0.43% 0.55% 2.21% 0.21% 0.23% 0.53% 0.01% 0.31% 1.42% 0.52% 0.24% 0.14% 0.48% 1.58% 0.77% 0.49% 0.00% 0.41% 0.59% 1.66% 0.49% 0.55% 0.97% 1.00% 0.25% 0.28% 0.47% 0.57% 0.44% 0.44% 0.35% 0.59% 0.61% 0.53% 3.14% 0.42% 0.46% 0.58% 0.24% 0.38% 0.08% 0.36% 0.45% 0.26% 0.46% 1.36% 0.59% 0.11% 0.08% 0.18% 0.00% 0.62% 0.47% 0.39% 0.35% 0.56% 0.10% 0.00% 0.76% 1.43% 0.67% 0.76% 3.41% 0.00% 4.26% 1.65% 0.76% 0.56% 1.92% 0.44% 0.57% 0.37% 0.58% 0.00% 0.15% 2.45% 0.56% 0.56% 0.50% 0.55% 0.37% 0.54% 0.26% 0.35% 1.70% 0.59% 0.57% 0.20% 0.62% 0.19% 0.43% 0.55% 2.21% 0.21% 0.57% 0.53% 0.01% 0.31% 1.22% 0.52% 0.24% 0.14% 0.48% 1.58% 0.85% 0.49% 0.12% 0.41% 0.59% 1.66% 0.49% 0.55% 0.97% 1.00% 0.25% 0.28% 0.47% 0.57% 0.44% 0.44% 0.35% 0.59% 0.61% 0.53% 3.14% 0.42% 0.46% 0.58% 0.24% 0.38% 0.08% 0.36% 0.45% 0.26% 0.46% 1.36% 0.58% 0.21% 0.08% 0.18% 2.44% 0.62% 0.47% 0.39% 0.35% 0.56% 0.38% 0.49% 0.76% 1.43% 0.67% 0.76% 3.41% 0.43% 4.26% 1.65% 0.76% 0.56% 1.92% 0.44% 0.57% 0.37% 0.58% 0.51% 0.40% 2.45% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 4 Government pension fund global ANNUAL REPORT 2010 42 554 000 64 292 372 7 747 439 156 524 216 46 176 513 35 275 562 43 780 522 43 446 526 47 503 107 109 080 649 16 423 605 15 693 993 25 686 025 524 067 689 39 034 376 53 732 507 40 984 559 78 407 556 51 459 751 33 619 583 44 456 807 139 002 872 43 257 144 37 853 891 40 109 687 514 737 403 123 110 205 65 129 765 232 565 358 677 860 998 69 465 722 50 597 924 378 839 929 3 840 880 82 557 334 25 739 414 13 339 280 95 827 044 150 964 585 30 944 775 1 007 010 397 30 343 987 96 147 638 180 532 909 16 963 852 450 105 688 60 768 430 42 819 229 31 650 409 36 640 107 45 910 614 114 764 801 263 862 120 30 322 949 1 102 931 608 37 044 150 40 581 456 32 899 117 20 596 014 229 181 847 90 038 274 13 263 952 15 665 934 96 501 154 10 457 771 25 479 299 60 254 648 11 512 101 90 559 366 195 545 291 210 103 677 80 746 373 183 806 359 12 527 172 102 225 684 262 515 326 Industrial Alliance Insurance & Financial Services Inc Financials Inmet Mining CorpBasic Materials InnVest Real Estate Investment Trust Financials Intact Financial Corp Financials Ivanhoe Mines Ltd/CABasic Materials Jaguar Mining IncBasic Materials Jean Coutu Group PJC Inc/The Consumer Services Kinross Gold CorpBasic Materials Kirkland Lake Gold IncBasic Materials Lake Shore Gold CorpBasic Materials Laurentian Bank of Canada Financials Legacy Oil + Gas IncOil & Gas Linamar Corp Consumer Goods Loblaw Cos Ltd Consumer Services Lundin Mining CorpBasic Materials MacDonald Dettwiler & Associates LtdIndustrials MagIndustries CorpBasic Materials Magma Energy CorpUtilities Magna International Inc Consumer Goods Major Drilling Group InternationalOil & Gas Manitoba Telecom Services IncTelecommunications Manulife Financial Corp Financials Maple Leaf Foods Inc Consumer Goods Martinrea International Inc Consumer Goods MEG Energy CorpOil & Gas Melcor Developments Ltd Financials Mercator Minerals LtdBasic Materials Methanex CorpBasic Materials Metro Inc Consumer Services Minefinders CorpBasic Materials Molson Coors Canada Inc Consumer Goods Morguard Real Estate Investment Trust Financials Mullen Group LtdIndustrials National Bank of Canada Financials Nevsun Resources LtdBasic Materials New Gold IncBasic Materials Nexen IncOil & Gas Niko Resources LtdOil & Gas Norbord IncIndustrials Nordion Inc Health Care Northern Dynasty Minerals LtdBasic Materials Northgate Minerals CorpBasic Materials Novagold Resources IncBasic Materials NuVista Energy LtdOil & Gas OceanaGold CorpBasic Materials Onex CorpIndustrials Open Text CorpTechnology OPTI Canada IncOil & Gas Orezone Gold CorpBasic Materials Osisko Mining CorpBasic Materials Pacific Rubiales Energy CorpOil & Gas Pan American Silver CorpBasic Materials Paramount Resources LtdOil & Gas Pason Systems IncOil & Gas Patheon Inc Health Care Pembina Pipeline CorpUtilities Penn West Petroleum LtdOil & Gas PetroBakken Energy LtdOil & Gas Petrobank Energy & Resources LtdOil & Gas Petrominerales LtdOil & Gas Potash Corp of Saskatchewan IncBasic Materials Power Corp of Canada/Canada Financials Power Financial Corp Financials Precision Drilling CorpOil & Gas Pretium Resources IncBasic Materials Primaris Retail Real Estate Investment Trust Financials Progress Energy Resources CorpOil & Gas Pure Technologies LtdIndustrials QLT Inc Health Care Quadra FNX Mining LtdBasic Materials Quebecor IncIndustrials Reitmans Canada Ltd Consumer Services Research In Motion LtdTechnology Richfield Ventures CorpBasic Materials RioCan Real Estate Investment Trust Financials Ritchie Bros Auctioneers IncIndustrials Rodinia Oil CorpOil & Gas Rogers Communications IncTelecommunications Romarco Minerals IncBasic Materials RONA Inc Consumer Services Royal Bank of Canada Financials Rubicon Minerals CorpBasic Materials Russel Metals IncBasic Materials Saputo Inc Consumer Goods Savanna Energy Services CorpOil & Gas Seabridge Gold IncBasic Materials SEMAFO IncBasic Materials Shaw Communications Inc Consumer Services ShawCor LtdOil & Gas Sherritt International CorpBasic Materials Ownership 0.54% 0.16% 0.42% 0.56% 0.48% 1.65% 0.51% 0.55% 0.49% 0.71% 1.78% 0.96% 0.40% 0.47% Voting 0.54% 0.16% 0.42% 0.56% 0.48% 1.65% 0.00% 0.18% 0.49% 0.71% 1.78% 0.96% 0.40% 0.22% Market value (NOK) Ownership 60 088 004 3 097 916 39 330 301 29 672 068 10 910 008 62 370 432 29 597 901 69 530 300 45 697 967 1 042 142 921 485 741 886 275 934 072 24 143 438 128 159 060 Sector Voting Canadian Western Bank Financials Canam Group IncBasic Materials Canfor CorpBasic Materials Capstone Mining CorpBasic Materials Cardiome Pharma Corp Health Care Cascades IncBasic Materials CCL Industries IncIndustrials Celestica IncIndustrials Celtic Exploration LtdOil & Gas Cenovus Energy IncOil & Gas Centerra Gold IncBasic Materials Central Fund of Canada Ltd Financials CGA Mining LtdBasic Materials CGI Group IncTechnology Chartwell Seniors Housing Real Estate Investment Trust Financials China Gold International Resources Corp LtdBasic Materials Chinook Energy IncOil & Gas CI Financial Corp Financials Clifton Star Resources IncBasic Materials CML HealthCare Inc Health Care Cogeco Cable Inc Consumer Services Cominar Real Estate Investment Trust Financials Connacher Oil and Gas LtdOil & Gas Consolidated Thompson Iron Mines LtdBasic Materials Corridor Resources IncOil & Gas Corus Entertainment Inc Consumer Services Cott Corp Consumer Goods Crescent Point Energy CorpOil & Gas Crew Energy IncOil & Gas Daylight Energy LtdOil & Gas Denison Mines CorpBasic Materials Detour Gold CorpBasic Materials Dollarama Inc Consumer Services Dorel Industries Inc Consumer Goods Dundee Corp Financials Dundee Precious Metals IncBasic Materials Dundee Real Estate Investment Trust Financials DundeeWealth Inc Financials Eastern Platinum LtdBasic Materials Eldorado Gold CorpBasic Materials Emera IncUtilities Empire Co Ltd Consumer Services Enbridge IncOil & Gas Encana CorpOil & Gas Ensign Energy Services IncOil & Gas Entertainment One Ltd Consumer Services Equinox Minerals LtdBasic Materials Etrion CorpUtilities European Goldfields LtdBasic Materials Extendicare Real Estate Investment Trust Financials Fairborne Energy LtdOil & Gas Fairfax Financial Holdings Ltd Financials Finning International IncIndustrials First Capital Realty Inc Financials First Quantum Minerals LtdBasic Materials FirstService Corp Financials Flint Energy Services LtdOil & Gas Fortis Inc/CanadaUtilities Forzani Group Ltd/The Consumer Services Franco-Nevada Corp Financials Fronteer Gold IncBasic Materials Gabriel Resources LtdBasic Materials Galleon Energy IncOil & Gas Gammon Gold IncBasic Materials Genworth MI Canada Inc Financials George Weston Ltd Consumer Services Gildan Activewear Inc Consumer Goods GMP Capital Inc Financials Goldcorp IncBasic Materials Golden Star Resources LtdBasic Materials Grande Cache Coal CorpBasic Materials Great Basin Gold LtdBasic Materials Great Canadian Gaming Corp Consumer Services Great-West Lifeco Inc Financials Groupe Aeroplan Inc Consumer Services Guyana Goldfields IncBasic Materials GWR Global Water Resources CorpUtilities H&R Real Estate Investment Trust Financials Hanfeng Evergreen IncBasic Materials Harry Winston Diamond CorpBasic Materials Home Capital Group Inc Financials HOMEQ Corp Financials HudBay Minerals IncBasic Materials Husky Energy IncOil & Gas IAMGOLD CorpBasic Materials IESI-BFC LtdIndustrials IGM Financial Inc Financials Imax Corp Consumer Services Imperial Metals CorpBasic Materials Imperial Oil LtdOil & Gas Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.37% 0.06% 0.23% 0.38% 0.00% 0.14% 3.86% 0.88% 2.70% 0.17% 3.39% 0.61% 0.11% 1.93% 1.70% 0.37% 0.18% 0.23% 0.38% 0.00% 0.59% 3.86% 0.88% 2.70% 0.17% 3.39% 0.61% 0.11% 1.93% 1.70% 40 787 344 50 639 602 264 812 559 42 954 375 8 428 001 132 722 770 30 044 356 109 802 388 47 375 412 4 403 151 996 115 111 575 637 98 008 864 13 201 641 82 568 788 22 269 143 49 340 960 17 920 034 154 136 529 1 568 233 17 801 670 63 556 030 19 227 285 66 337 541 94 212 468 47 214 385 65 171 579 0.71% 0.46% 5.25% 2.03% 1.09% 0.38% 0.07% 0.71% 0.00% 0.00% 3.97% 2.95% 1.60% 0.00% 1.22% 0.88% 0.64% 0.04% 4.00% 1.97% 0.22% 1.89% 0.05% 3.82% 3.00% 0.17% 0.00% 0.71% 0.46% 5.25% 2.03% 1.09% 0.38% 0.07% 0.71% 0.00% 0.00% 3.97% 2.95% 1.60% 0.00% 1.22% 0.88% 0.64% 0.04% 4.00% 1.97% 0.22% 1.89% 0.11% 3.82% 3.00% 0.17% 0.00% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 0.37% 0.32% 0.55% 2.83% 3.72% 0.33% 0.83% 0.38% 3.97% 0.93% 2.34% 0.58% 2.76% 2.17% 1.58% 3.72% 2.79% 0.35% 0.14% 2.80% 3.96% 0.14% 0.19% 0.19% 0.19% 0.13% 0.48% 0.19% 0.27% 0.55% 0.15% 0.27% 0.15% 0.09% 0.31% 0.24% 0.69% 0.16% 0.21% 0.34% 0.20% 0.27% 0.23% 0.26% 0.08% 0.04% 0.17% 0.02% 0.02% 0.03% 0.02% 0.00% 0.10% 0.45% 0.18% 0.01% 0.00% 0.35% 0.02% 0.03% 0.10% 0.10% 0.03% 0.07% 0.04% 0.04% 0.02% 0.01% 0.02% 0.02% 0.03% 0.03% 0.02% 0.06% 0.24% 0.03% 0.02% 0.01% 0.01% 0.17% 0.09% 0.02% 0.02% 0.02% 0.02% 5 Government pension fund global ANNUAL REPORT 2010 9 643 589 348 431 068 9 390 022 2 720 223 28 945 420 13 124 276 82 548 067 73 370 696 93 154 268 3 809 366 71 561 039 51 112 073 30 210 200 90 473 878 34 052 872 Sany Heavy Equipment International Holdings Co LtdIndustrials66 065 820 0.37% Shanda Interactive Entertainment Ltd Consumer Goods 49 451 210 0.32% Shenguan Holdings Group Ltd Consumer Goods 68 977 853 0.55% Sino Prosper State Gold Resources Holdings Ltd Financials68 014 299 2.83% SinoTech Energy LtdOil & Gas 102 532 500 0.00% Solarfun Power Holdings Co Ltd Consumer Services 11 486 190 0.33% SouFun Holdings Ltd Consumer Services 65 375 802 1.24% Springland International Holdings Ltd Consumer Services 44 330 331 0.38% Strong Petrochemical Holdings LtdOil & Gas 63 645 756 3.97% Sun King Power Electronics GroupIndustrials 20 779 906 0.93% Sunac China Holdings Ltd Financials 145 792 777 2.34% Suntech Power Holdings Co LtdIndustrials 48 359 924 0.58% Superb Summit International Timber Co Ltd Consumer Goods 26 543 989 2.76% Tongda Group Holdings LtdIndustrials 30 282 579 2.17% Trauson Holdings Co Ltd Health Care 33 388 674 1.58% Trina Solar LtdIndustrials 400 019 369 3.72% Tri-Tech Holding IncIndustrials 14 072 876 2.79% Wynn Macau Ltd Consumer Services 238 868 983 0.35% Xueda Education Group Consumer Services 6 319 383 0.14% Yingli Green Energy Holding Co Ltd Consumer Services 238 777 458 2.80% Zhong An Real Estate Ltd Financials 130 578 481 3.96% Zhongsheng Group Holdings Ltd Consumer Goods 34 965 013 0.14% Chile AES Gener SAUtilities 48 591 814 0.19% Banco de Chile Financials 135 567 882 0.19% Banco de Credito e Inversiones Financials 79 158 804 0.19% Banco Santander Chile Financials 125 956 957 0.13% CAP SABasic Materials 220 096 647 0.48% Cencosud SA Consumer Services 201 450 899 0.19% Cia Cervecerias Unidas SA Consumer Goods 61 460 927 0.27% Cia Sud Americana de Vapores SAIndustrials 73 861 813 0.55% Colbun SAUtilities 44 483 543 0.15% Corpbanca Financials 67 296 618 0.27% Embotelladora Andina SA Consumer Goods 33 710 945 0.04% Empresa Nacional de Electricidad SA/ChileUtilities 83 800 645 0.05% Empresas CMPC SABasic Materials 213 912 131 0.31% Empresas COPEC SAOil & Gas 358 646 098 0.24% Empresas La Polar SA Consumer Services 71 644 457 0.69% Enersis SAUtilities 141 048 348 0.10% ENTEL Chile SATelecommunications 50 775 583 0.21% Inversiones Aguas Metropolitanas SAUtilities 32 217 217 0.34% Lan Airlines SA Consumer Services 121 747 765 0.20% Madeco SATechnology 5 316 318 0.27% Masisa SAIndustrials 14 822 824 0.23% SACI Falabella Consumer Services 413 729 306 0.26% Sociedad Quimica y Minera de Chile SABasic Materials 68 468 171 0.08% China Acheng Relay Co LtdIndustrials 1 101 073 0.04% Advanced Technology & Materials Co LtdBasic Materials 30 231 303 0.17% Aeolus Tyre Co Ltd Consumer Goods 632 938 0.02% Aerospace Communications Holding Co Ltd Consumer Goods 729 069 0.02% Aerospace Hi-Tech Holdings Grp Ltd Consumer Goods 961 657 0.03% Agricultural Bank of China Ltd Financials 231 255 494 0.02% Aier Eye Hospital Group Co Ltd Health Care 39 022 0.00% Air China Ltd Consumer Services 86 648 249 0.10% Aisino Co LtdIndustrials 101 451 761 0.45% Aluminum Corp of China LtdBasic Materials 131 158 978 0.18% An Hui Wenergy Co LtdUtilities 490 876 0.01% Andon Health Co Ltd Health Care 14 501 0.00% Angang Steel Co LtdBasic Materials 221 847 666 0.35% Angel Yeast Co Ltd Consumer Goods 1 800 552 0.02% Anhui BBCA Biochemical Co Ltd Consumer Goods 2 007 821 0.03% Anhui Conch Cement Co LtdIndustrials 97 476 032 0.10% Anhui Expressway CoIndustrials 8 345 607 0.10% Anhui Golden Seed Winery Co Ltd Consumer Goods 3 238 064 0.03% Anhui Gujing Distillery Co Ltd Consumer Goods 5 953 130 0.07% Anhui Guofeng Plastic Industry Co LtdBasic Materials 1 246 440 0.04% Anhui Heli Co Ltd-AIndustrials 2 123 990 0.04% Anhui Hengyuan Coal Industry And Electricity Power Co LtdBasic Materials 3 836 116 0.02% Anhui Huamao Textile Co Consumer Goods 734 149 0.01% Anhui Huaxing Chemical Industry Co LtdBasic Materials 417 820 0.02% Anhui Jianghuai Automobile Co Ltd Consumer Goods 2 888 831 0.02% Anhui Shanying Paper Industry Co LtdBasic Materials 735 594 0.03% Anhui USTC iFlytek Co LtdTechnology 3 518 970 0.03% Anhui Wanwei Updated High-Tech Material Industry Co LtdBasic Materials 636 505 0.02% Anhui Xinke New Materials Co LtdBasic Materials 2 636 074 0.06% Anhui Zhongding Sealing Parts Co LtdIndustrials 22 409 447 0.24% AnXin Trust & Investment Co Ltd Financials 1 386 856 0.03% Anyang Iron & Steel Co LtdBasic Materials 1 527 945 0.02% AVIC Aero-Engine Controls Co Ltd Consumer Goods 1 117 460 0.01% Avic Heavy Machinery Co LtdIndustrials 1 816 797 0.01% AviChina Industry & Technology Co Ltd Consumer Goods 23 381 919 0.17% Bank of China Ltd Financials 742 534 012 0.09% Bank of Communications Co Ltd Financials 60 684 981 0.02% Baoding Swan Co LtdBasic Materials 780 162 0.02% Baoding Tianwei Baobian Electric Co LtdIndustrials 5 651 765 0.02% Baoji Titanium Industry Co LtdBasic Materials 1 570 478 0.02% Ownership 0.06% 0.61% 0.54% 1.09% 0.14% 0.52% 0.85% 0.34% 0.55% 0.19% 0.57% 0.29% 0.25% 0.73% 0.59% 0.61% 1.40% 0.56% 0.48% 0.19% 0.01% 0.54% 0.18% 0.59% 0.59% 0.57% 0.67% 0.53% 0.41% 0.63% 0.78% 0.49% 0.57% 1.10% 0.16% 0.53% 0.49% 0.85% 0.19% 0.13% 0.58% 0.40% 0.06% 0.52% 2.89% 0.52% 0.57% Voting 0.06% 0.61% 0.54% 1.09% 0.14% 0.52% 0.85% 0.05% 0.55% 0.19% 0.57% 0.29% 0.25% 0.73% 0.59% 0.61% 1.40% 0.56% 0.19% 0.01% 0.01% 0.54% 0.18% 0.59% 0.59% 0.57% 0.67% 0.00% 0.41% 0.64% 0.78% 0.11% 0.57% 1.10% 0.21% 0.53% 0.49% 0.85% 0.19% 0.13% 0.58% 0.40% 0.06% 0.52% 2.89% 0.52% 0.57% Market value (NOK) Ownership 29 011 158 16 436 438 69 760 337 859 887 049 2 790 515 67 746 923 283 548 409 22 985 043 291 494 861 13 249 146 42 148 655 1 789 219 251 001 233 2 570 526 361 40 658 253 93 132 100 1 841 123 959 32 027 731 1 016 861 000 157 797 464 273 303 75 832 901 323 089 028 245 347 148 94 445 633 78 694 068 2 552 159 172 29 767 664 111 258 543 25 503 212 1 200 178 547 36 784 720 40 127 511 185 210 478 12 996 731 23 678 085 131 856 647 413 963 871 15 442 363 31 813 426 117 829 731 46 375 151 1 152 760 130 192 369 14 658 362 26 087 294 318 203 735 Sector Voting Shoppers Drug Mart Corp Consumer Services Sierra Wireless IncTechnology Silver Standard Resources IncBasic Materials Silver Wheaton CorpBasic Materials SilverBirch Energy Corp Financials Silvercorp Metals IncBasic Materials Sino-Forest CorpBasic Materials Smart Technologies IncTechnology SNC-Lavalin Group IncIndustrials Sprott Inc Financials Stantec IncIndustrials Storm Resources Ltd Financials Sun Life Financial Inc Financials Suncor Energy IncOil & Gas Superior Plus Corp Financials SXC Health Solutions CorpTechnology Talisman Energy IncOil & Gas Taseko Mines LtdBasic Materials Teck Resources LtdBasic Materials TELUS CorpTelecommunications Teranga Gold CorpBasic Materials Thompson Creek Metals Co IncBasic Materials Thomson Reuters Corp Consumer Services Tim Hortons Inc Consumer Services TMX Group Inc Financials Toromont Industries LtdIndustrials Toronto-Dominion Bank/The Financials Torstar Corp Consumer Services TransAlta CorpUtilities Transat AT Inc Consumer Services TransCanada CorpOil & Gas Transcontinental IncIndustrials TransForce IncIndustrials Trican Well Service LtdOil & Gas Trilogy Energy CorpOil & Gas Trinidad Drilling LtdOil & Gas Uranium One IncBasic Materials Valeant Pharmaceuticals International Inc Health Care Ventana Gold CorpBasic Materials Vermilion Energy IncOil & Gas Viterra Inc Consumer Goods West Fraser Timber Co LtdBasic Materials Westaim Corp Health Care Western Coal CorpBasic Materials Western Wind Energy CorpUtilities Westport Innovations IncIndustrials Yamana Gold IncBasic Materials Cayman Islands AirMedia Group Inc Consumer Services Baidu Inc/ChinaTechnology Besunyen Holdings Co Consumer Goods CDC CorpTechnology Changfeng Axle China Co Consumer Goods Charm Communications Inc Consumer Services China All Access Holdings LtdTechnology China Forestry Holdings LtdBasic Materials China Haidian Holdings LtdIndustrials China Hydroelectric CorpUtilities China Medical Technologies Inc Health Care China Ming Yang Wind Power Group LtdOil & Gas China Resources Cement Holdings LtdIndustrials China SCE Property Holdings Ltd Financials China Ting Group Holdings Ltd Consumer Goods China Vanadium Titano - Magnetite Mining Co LtdBasic Materials China ZhengTong Auto Services Holdings Ltd Consumer Services CNinsure Inc Financials Concord Medical Services Holdings Ltd Health Care Consolidated Water Co LtdUtilities Ctrip.com International Ltd Consumer Services Evergrande Real Estate Group Ltd Financials Glorious Property Holdings Ltd Financials Hao Tian Resources Group LtdIndustrials Hong Kong Energy Holdings LtdIndustrials Hua Han Bio-Pharmaceutical Holdings Ltd Health Care Integra Group HoldingsOil & Gas International Mining Machinery Holdings LtdIndustrials iSoftstone Holdings LtdTechnology JA Solar Holdings Co LtdIndustrials JinkoSolar Holding Co LtdOil & Gas LDK Solar Co Ltd Consumer Services Longfor Properties Co Ltd Financials Magic Holdings International Ltd Consumer Goods Mentum Inc Financials Microport Scientific Corp Health Care MIE Holdings CorpOil & Gas Mindray Medical International Ltd Health Care Ming Fung Jewellery Group Ltd Consumer Goods Natural Beauty Bio-Technology Ltd Consumer Goods Netease.comTechnology PCD Stores Group Ltd Consumer Services Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.03% 0.02% 0.05% 4.25% 0.23% 0.03% 0.04% 0.01% 0.01% 0.07% 0.12% 0.01% 0.00% 0.03% 0.64% 0.03% 0.01% 0.03% 1.78% 0.01% 0.08% 0.02% 0.01% 0.01% 0.01% 0.67% 0.03% 0.02% 0.05% 4.25% 0.23% 0.03% 0.04% 0.01% 0.01% 0.07% 0.12% 0.01% 0.00% 0.03% 0.64% 0.03% 0.01% 0.03% 1.78% 0.01% 0.08% 0.02% 0.01% 0.01% 0.01% 0.67% 19 846 2 066 253 1 141 787 1 533 114 2 550 456 0.00% 0.02% 0.01% 0.01% 0.02% 0.00% 0.02% 0.01% 0.01% 0.02% 3 225 312 1 101 298 3 108 015 4 437 214 6 897 741 4 572 747 606 609 1 273 720 9 134 035 904 992 3 210 621 47 496 662 161 350 161 845 807 7 356 1 065 799 4 818 408 23 230 207 0.02% 0.02% 0.02% 0.04% 0.03% 0.05% 0.01% 0.02% 0.04% 0.01% 0.05% 0.21% 0.23% 0.03% 0.00% 0.04% 0.18% 0.65% 0.02% 0.02% 0.02% 0.04% 0.03% 0.05% 0.01% 0.02% 0.04% 0.01% 0.05% 0.21% 0.23% 0.03% 0.00% 0.04% 0.18% 0.65% 1 822 653 2 314 778 0.03% 0.04% 0.03% 0.04% 2 766 780 952 934 0.04% 0.04% 0.04% 0.04% 1 207 890 1 214 699 912 955 0.02% 0.03% 0.03% 0.02% 0.03% 0.03% 225 270 990 2 207 538 4 195 532 2 512 316 0.29% 0.03% 0.36% 0.02% 0.29% 0.03% 0.36% 0.02% 1 291 194 3 832 258 2 112 901 1 236 116 4 337 474 1 948 651 2 934 078 199 818 050 1 408 433 0.01% 0.05% 0.04% 0.03% 0.03% 0.03% 0.03% 0.75% 0.02% 0.01% 0.05% 0.04% 0.03% 0.03% 0.03% 0.03% 0.75% 0.02% 1 837 773 36 541 861 2 377 511 2 371 881 1 930 514 110 597 900 16 014 596 461 116 643 12 223 096 16 125 690 1 181 273 644 0.03% 0.19% 0.02% 0.17% 0.04% 0.08% 0.03% 0.38% 0.02% 0.08% 0.09% 0.03% 0.19% 0.02% 0.17% 0.04% 0.08% 0.03% 0.38% 0.02% 0.08% 0.09% 57 266 685 3 933 963 19 340 158 0.09% 0.01% 0.37% 0.09% 0.01% 0.37% 847 831 140 152 262 3 099 303 103 133 882 2 105 569 0.03% 3.73% 0.02% 0.30% 0.02% 0.03% 3.73% 0.02% 0.30% 0.02% 2 121 413 229 713 864 46 059 788 1 935 459 9 710 729 5 356 264 39 172 575 10 767 368 2 474 908 0.01% 2.06% 0.20% 0.08% 0.10% 0.02% 0.38% 0.03% 0.02% 0.01% 2.06% 0.20% 0.08% 0.10% 0.02% 0.38% 0.03% 0.02% 205 332 414 3 078 773 1 351 073 472 756 901 380 453 844 301 921 149 2 280 443 0.45% 0.01% 0.02% 0.07% 0.96% 0.10% 0.02% 0.45% 0.01% 0.02% 0.07% 0.96% 0.10% 0.02% 14 776 808 0.03% 0.03% 35 438 596 135 235 288 1 419 736 840 215 237 356 661 899 654 2 812 729 0.15% 0.10% 0.12% 0.83% 1.84% 0.01% 0.15% 0.10% 0.12% 0.83% 1.84% 0.01% 1 721 326 24 636 448 2 371 254 480 545 0.05% 0.15% 0.02% 0.01% 0.05% 0.15% 0.02% 0.01% 6 109 574 0.03% 0.03% 1 578 774 141 954 654 32 258 501 603 762 314 351 136 058 6 301 977 10 901 953 0.02% 0.25% 0.04% 0.30% 0.07% 0.13% 0.18% 0.02% 0.25% 0.04% 0.29% 0.07% 0.13% 0.18% 7 855 226 701 166 82 093 816 2 241 743 63 635 957 0.20% 0.02% 0.10% 0.02% 0.07% 0.20% 0.02% 0.10% 0.02% 0.07% 4 993 588 292 473 522 12 970 293 197 933 217 260 126 578 0.04% 0.51% 0.09% 0.35% 0.52% 0.04% 0.51% 0.09% 0.35% 0.52% 2 952 292 0.01% 0.01% 518 375 766 979 326 8 110 542 88 775 182 32 692 938 1 139 261 135 624 500 0.01% 0.16% 0.01% 0.30% 0.12% 0.03% 0.39% 0.01% 0.16% 0.01% 0.30% 0.12% 0.03% 0.39% 14 150 749 78 492 138 82 617 032 1 052 339 756 1 466 730 582 15 640 216 126 924 558 3 560 292 12 103 055 0.02% 1.48% 0.27% 0.43% 0.74% 0.02% 0.16% 0.01% 0.01% 0.02% 1.48% 0.27% 0.43% 0.74% 0.02% 0.16% 0.01% 0.01% 986 700 1 794 232 5 040 814 10 613 331 2 119 056 1 202 515 2 121 347 0.03% 0.02% 0.02% 0.08% 0.03% 0.04% 0.03% 0.03% 0.02% 0.02% 0.08% 0.03% 0.04% 0.03% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 6 Government pension fund global ANNUAL REPORT 2010 773 023 660 121 829 514 101 031 656 63 761 596 791 868 1 323 002 523 872 1 950 296 9 023 610 4 895 160 2 043 112 35 423 3 953 425 261 860 316 3 270 230 2 407 560 1 535 963 56 559 782 1 094 135 4 430 139 2 921 164 588 201 1 036 595 1 402 751 59 321 191 China COSCO Holdings Co LtdIndustrials China CSSC Holdings LtdIndustrials China CYTS Tours Holding Co Ltd Consumer Services China Dalian International Cooperation Group CoIndustrials China Datang Corp Renewable Power Co LtdUtilities China Dongfanghong Spacesat Co LtdTechnology China Eastern Airlines Corp Ltd Consumer Services China Enterprise Co Ltd Financials China Erzhong Group Deyang Heavy Equipment Co LtdIndustrials China Everbright International LtdIndustrials China Everbright Ltd Financials China Fangda Group Co LtdIndustrials China Fiberglass Co LtdBasic Materials China First Heavy Industries Co LtdIndustrials China Foods Ltd Consumer Goods China Gezhouba Group Co LtdIndustrials China Greatwall Computer Shenzhen Co LtdTechnology China International Marine Containers Group Co LtdIndustrials China International Travel Service Corp Ltd Consumer Services China Jialing Industrial Co Ltd Consumer Goods China Life Insurance Co Ltd Financials China Longyuan Power Group CorpOil & Gas China Merchants Bank Co Ltd Financials China Merchants Energy Shipping Co LtdIndustrials China Merchants Holdings International Co LtdIndustrials China Merchants Property Development Co Ltd Financials China Minsheng Banking Corp Ltd Financials China Mobile LtdTelecommunications China Molybdenum Co LtdBasic Materials China National Building Material Co LtdIndustrials China National Chemical Engineering Co LtdIndustrials China National Complete Plant Import & Export Co LtdIndustrials China National Materials Co LtdIndustrials China National Medicines Corp Ltd Health Care China National Software & Service Co LtdTechnology China Nonferrous Metal Industry’s Foreign Engineering and Construction Co LtdBasic Materials China North Optical-Electrical Technology Co LtdIndustrials China Oilfield Services LtdOil & Gas China Overseas Land & Investment Ltd Financials China Pacific Insurance Group Co Ltd Financials China Petroleum & Chemical CorpOil & Gas China Pharmaceutical Group Ltd Health Care China Power International Development LtdUtilities China Power New Energy Development Co LtdUtilities China Quanjude Group Co Ltd Consumer Services China Railway Construction Corp LtdIndustrials China Railway Erju Co LtdIndustrials China Railway Group LtdIndustrials China Railway Tielong Container Logistics Co LtdIndustrials China Resources Enterprise LtdIndustrials China Resources Gas Group LtdUtilities China Resources Land Ltd Financials China Resources Power Holdings Co LtdUtilities China Resources Sanjiu Medical & Pharmaceutical Co Ltd Health Care China Satcom Guomai Communications Co LtdTelecommunications China Shenhua Energy Co LtdBasic Materials China Shipbuilding Industry Co LtdIndustrials China Shipping Container Lines Co LtdIndustrials China Shipping Development Co LtdIndustrials China Shipping Haisheng Co LtdIndustrials China Southern Airlines Co Ltd Consumer Services China State Construction Engineering Corp LtdIndustrials China Suntien Green Energy Corp LtdUtilities China Taiping Insurance Holdings Co Ltd Financials China Telecom Corp LtdTelecommunications China Unicom Hong Kong LtdTelecommunications China United Network Communications LtdTelecommunications China Vanke Co Ltd Financials China XD Electric Co LtdIndustrials China Yangtze Power Co LtdUtilities China Zhenhua Group Science & Technology Co LtdIndustrials China-Kinwa High Technology Co LtdIndustrials Chongqing Brewery Co Consumer Goods Chongqing Changan Automobile Co Ltd Consumer Goods Chongqing Department Store Consumer Services Chongqing Dima Industry Co LtdIndustrials Chongqing Huapont Pharm Co Ltd Health Care Ownership 0.01% Voting 0.01% Market value (NOK) Ownership 11 913 380 Sector Voting Baoshan Iron & Steel Co LtdBasic Materials Baosheng Science and Technology Innovation Co LtdIndustrials Baotou Huazi Industry Co Ltd Consumer Goods Baotou Tomorrow Technology Holding Co LtdBasic Materials Baoye Group Co LtdIndustrials BBMG CorpIndustrials Beihai Yinhe Hi-tech Industrial Co LtdIndustrials Beijing Aerospace Changfeng Co LtdIndustrials Beijing Bashi Media Co Ltd Consumer Services Beijing Capital Co LtdUtilities Beijing Capital International Airport Co LtdIndustrials Beijing Capital Land Ltd Financials Beijing Dabeinong Technology Group Co Ltd Consumer Goods Beijing Dinghan Technology Co LtdIndustrials Beijing Double Crane Pharmaceutical Co Ltd Health Care Beijing Enterprises Holdings LtdIndustrials Beijing Gehua CATV Network Co Ltd Consumer Services Beijing Haohua Energy Resource Co LtdBasic Materials Beijing Hualian Hypermarket Consumer Services Beijing Jingkelong Co Ltd Consumer Services Beijing New Building Material PLCIndustrials Beijing North Star Co Ltd Financials Beijing Orient Landscape Co LtdIndustrials Beijing Sanyuan Foods Co Ltd Consumer Goods Beijing Shiji Information Technology Co LtdTechnology Beijing Shougang Co LtdBasic Materials Beijing Shunxin Agriculture Co Consumer Goods Beijing SJ Environmental Protection and New Material Co LtdBasic Materials Beijing SL Pharmaceutical Co Ltd Health Care Beijing Teamsun Technology Co LtdTechnology Beijing Tiantan Biological Products Co Health Care Beijing Tongrentang Co Ltd Health Care Beijing Wangfujing Department Store Group Co Ltd Consumer Services Beijing Xidan Department Store Co Ltd Consumer Services Beijing Yanjing Brewery-A Consumer Goods Beijing Zhongke Sanhuan High-Tech Co LtdIndustrials Beiqi Foton Motor Co Ltd Consumer Goods Bengang Steel Plates CoBasic Materials Better Life Commercial Chain Share Co Ltd Consumer Services Blue Star New Chemical Material Co LtdBasic Materials BOE Technology Group Co LtdIndustrials Bright Dairy & Food Co Ltd Consumer Goods Bright Oceans Inter-Telecom CorpTechnology Brilliance China Automotive Holdings Ltd Consumer Goods Byd Co LtdIndustrials Canal Scientific & Technological Co Ltd Consumer Goods Chang Jiang Runfa Machinery Co LtdIndustrials Chang Jiang Shipping Group Phoenix Co LtdIndustrials Changchai Co LtdIndustrials Changchun Eurasia Group Co Ltd Consumer Services Changchun Faway Automobile Components Co Ltd Consumer Goods Changchun Gas Co LtdBasic Materials Changchun High & New Technology Industries Inc Health Care Changchunjingkai Group Co LtdUtilities Changjiang & Jingong Steel Building Group Co LtdIndustrials Changlin Co LtdIndustrials Changsha Tongcheng Holdings Co Ltd Consumer Services Changsha Zoomlion Heavy Industry Science and Technology Development Co LtdIndustrials Changyuan Group LtdIndustrials Chengde Dalu Co Ltd Consumer Goods Chengdu B-Ray Media Co Ltd Consumer Services Chengdu Dr Peng Telecom & Media Group Co LtdTechnology Chengdu Xingrong Investment Co LtdBasic Materials Chengshang Group Co Ltd Consumer Services Chengzhi Co Ltd Health Care Chenzhou Mining Group Co LtdBasic Materials Chifeng Fulong Thermal Power Co LtdUtilities China Aerospace Times Electronics Co LtdIndustrials China Agri-Industries Holdings Ltd Consumer Goods China Animal Husbandry Industry Co Health Care China Aviation Optical-Electrical Technology Co LtdIndustrials China BlueChemical LtdBasic Materials China CAMC Engineering Co LtdIndustrials China Chengtong Development Group Ltd Financials China CIFCO Investment Co Ltd Consumer Services China Citic Bank Corp Ltd Financials China CNR Corp LtdIndustrials China Coal Energy Co LtdBasic Materials China Communications Construction Co LtdIndustrials China Communications Services Corp LtdTechnology China Construction Bank Corp Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.02% 0.03% 0.02% 0.02% 0.69% 0.03% 0.03% 0.01% 0.18% 0.19% 0.21% 1.03% 0.01% 0.02% 0.01% 0.22% 0.41% 0.02% 0.03% 0.02% 0.02% 0.69% 0.03% 0.03% 0.01% 0.19% 0.19% 0.21% 1.03% 0.01% 0.02% 0.01% 0.22% 0.41% 2 150 763 3 188 036 1 526 075 0.06% 0.07% 0.03% 0.06% 0.07% 0.03% 599 623 23 885 627 852 769 4 569 067 1 888 850 11 917 794 686 545 55 537 075 581 989 0.01% 0.22% 0.02% 0.03% 0.02% 0.01% 0.02% 0.45% 0.02% 0.01% 0.22% 0.02% 0.03% 0.02% 0.01% 0.02% 0.45% 0.02% 16 861 516 2 585 099 5 850 546 2 200 262 9 107 992 1 241 887 34 175 41 178 191 1 685 041 1 346 920 706 062 953 459 8 235 241 0.06% 0.03% 0.02% 0.04% 0.13% 0.01% 0.00% 0.07% 0.04% 0.02% 0.01% 0.02% 0.16% 0.06% 0.03% 0.02% 0.04% 0.13% 0.01% 0.00% 0.07% 0.04% 0.02% 0.01% 0.02% 0.16% 2 177 330 4 468 062 13 421 2 148 500 1 159 558 582 836 2 516 755 1 507 032 4 718 538 2 600 863 2 044 087 0.02% 0.13% 0.00% 0.03% 0.03% 0.01% 0.02% 0.02% 0.02% 0.04% 0.03% 0.02% 0.13% 0.00% 0.03% 0.03% 0.01% 0.02% 0.02% 0.02% 0.04% 0.03% 2 567 503 0.03% 0.03% 4 844 762 63 001 403 33 937 9 192 694 4 766 438 2 777 133 2 555 528 37 498 716 719 757 1 592 717 1 326 637 3 473 379 448 133 1 894 227 1 207 608 607 143 1 919 400 10 223 27 883 666 2 586 983 0.03% 1.14% 0.00% 0.11% 0.23% 0.03% 0.03% 0.23% 0.03% 0.04% 0.02% 0.06% 0.01% 0.02% 0.04% 0.03% 0.02% 0.00% 0.15% 0.04% 0.03% 1.14% 0.00% 0.11% 0.23% 0.03% 0.03% 0.23% 0.03% 0.04% 0.02% 0.06% 0.01% 0.02% 0.04% 0.03% 0.02% 0.00% 0.15% 0.04% 1 444 183 0.01% 0.01% 2 057 406 1 769 893 3 287 561 1 823 018 45 468 084 9 409 486 2 123 665 3 076 508 3 279 007 107 518 858 9 179 435 601 380 39 695 266 2 483 696 866 059 22 823 0.06% 0.02% 0.03% 0.02% 0.09% 0.02% 0.02% 0.03% 0.02% 0.55% 0.26% 0.02% 0.09% 0.02% 0.03% 0.00% 0.06% 0.02% 0.03% 0.02% 0.09% 0.02% 0.02% 0.03% 0.02% 0.55% 0.26% 0.02% 0.09% 0.02% 0.03% 0.00% 2 494 985 852 959 0.03% 0.02% 0.03% 0.02% 1 434 113 0.01% 0.01% 32 333 115 809 630 1 738 783 1 340 602 26 862 461 1 990 104 11 568 693 802 982 1 312 170 1 829 886 891 044 0.36% 0.02% 0.04% 0.02% 0.34% 0.03% 0.06% 0.03% 0.02% 0.03% 0.03% 0.36% 0.02% 0.04% 0.02% 0.34% 0.03% 0.06% 0.03% 0.02% 0.03% 0.03% 4 272 844 949 481 1 376 928 0.11% 0.02% 0.03% 0.11% 0.02% 0.03% 3 308 118 14 541 1 557 891 0.03% 0.00% 0.02% 0.03% 0.00% 0.02% 29 723 122 028 57 417 362 1 399 120 2 164 018 38 534 575 5 001 970 1 034 213 77 253 417 0.00% 0.01% 0.35% 0.02% 0.07% 0.18% 0.03% 0.02% 0.16% 0.00% 0.01% 0.35% 0.02% 0.07% 0.18% 0.03% 0.02% 0.16% 1 797 123 0.02% 0.02% 2 472 006 0.03% 0.03% 1 669 475 0.01% 0.01% 11 714 1 279 442 792 141 832 514 6 444 265 28 569 049 10 722 161 2 231 641 1 333 769 951 344 0.00% 0.02% 0.02% 0.03% 0.07% 0.11% 0.16% 0.02% 0.03% 0.02% 0.00% 0.02% 0.02% 0.03% 0.07% 0.11% 0.16% 0.02% 0.03% 0.02% 962 950 4 838 261 1 832 196 737 901 2 669 731 2 834 089 2 269 810 1 124 306 2 000 009 2 324 124 747 237 4 433 119 2 410 714 23 124 336 22 475 2 427 522 2 401 004 30 696 3 092 893 541 852 2 334 000 42 046 851 0.02% 0.02% 0.04% 0.02% 0.04% 0.04% 0.05% 0.02% 0.02% 0.04% 0.01% 0.01% 0.04% 0.41% 0.00% 0.06% 0.02% 0.00% 0.01% 0.02% 0.03% 0.72% 0.02% 0.02% 0.04% 0.02% 0.04% 0.04% 0.05% 0.02% 0.02% 0.04% 0.01% 0.01% 0.04% 0.41% 0.00% 0.06% 0.02% 0.00% 0.01% 0.02% 0.03% 0.72% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 7 Government pension fund global ANNUAL REPORT 2010 1 387 143 5 731 888 1 069 986 1 230 571 382 104 323 28 228 468 1 577 448 1 458 984 1 155 238 438 26 141 214 10 924 339 284 118 903 1 434 484 905 415 981 678 58 737 870 360 580 503 Gansu Mogao Industrial Development Co Ltd Consumer Goods Gansu Qilianshan Cement Group Co LtdIndustrials Gansu Ronghua Industry Group Co Ltd Consumer Goods Gansu Yasheng Industrial Group Co-A Consumer Goods GD Midea Holding Co Ltd Consumer Goods GD Power Development Co LtdUtilities Gem-Year Industrial Co LtdIndustrials Glodon Software Co LtdTechnology GoerTek IncTechnology Great Wall Motor Co Ltd Consumer Goods Great Wall Technology Co LtdTechnology GreatWall Information Industry Co LtdTechnology Gree Electric Appliances Inc Consumer Goods GRG Banking Equipment Co LtdIndustrials Grinm Semiconductor Materials Co LtdTechnology Guangdong Advertising Co Ltd Consumer Services Guangdong Baolihua New Energy Stock Co LtdUtilities Guangdong China Sunshine Media Co Ltd Consumer Services Guangdong Dongyangguang Aluminum Co LtdBasic Materials Guangdong Electric Power Development Co LtdUtilities Guangdong Golden Dragon Development IncUtilities Guangdong Golden Horse Tourism Group CoBasic Materials Guangdong Goworld Co LtdIndustrials Guangdong Haid Group Co Ltd Consumer Goods Guangdong Highsun Group Co LtdBasic Materials Guangdong Investment LtdUtilities Guangdong Kaiping Chunhui Co LtdBasic Materials Guangdong Macro Co LtdIndustrials Guangdong Meiyan Hydropower Co LtdUtilities Guangdong Mingzhu Group Co LtdIndustrials Guangdong Provincial Expressway Development Co LtdIndustrials Guangdong Rongtai Industry Co LtdBasic Materials Guangdong Shaoneng GroupUtilities Guangdong Shengyi Science Technology Co LtdIndustrials Guangdong Taiantang Pharmaceutical Co Ltd Health Care Guangdong Yihua Timber Industry Co Ltd Consumer Goods Guangdong Zhongsheng Pharmaceutical Co Ltd Health Care Guangnan HoldingsIndustrials Guangshen Railway Co Ltd Consumer Services Guangxi Guiguan Electric Power Co LtdUtilities Guangxi Guitang Group CoBasic Materials Guangxi Liugong MachineryIndustrials Guangxi Wuzhou Zhongheng Group Co Ltd Health Care Guangxia Yinchuan-A Consumer Goods Guangzhou Automobile Group Co Ltd Consumer Goods Guangzhou Baiyun International Airport Co LtdIndustrials Guangzhou Baiyunshan Pharmaceutical Stock Co Ltd Health Care Guangzhou Development Industry Holdings CoUtilities Guangzhou Echom Science & Technology Co Ltd Consumer Services Guangzhou Friendship Group Co Ltd Consumer Services Guangzhou Grandbuy Co Ltd Consumer Services Guangzhou Hengyun Enterprises Holdings LtdUtilities Guangzhou Pharmaceutical Co Ltd Health Care Guangzhou R&F Properties Co Ltd Financials Guangzhou Shipyard International Co LtdIndustrials Guilin Sanjin Pharmaceutical Co Ltd Health Care Guizhou Changzheng Electric Co LtdIndustrials Guizhou Chitianhua Co LtdBasic Materials Guizhou Guihang Automotive Components Co Ltd Consumer Goods Guizhou Panjiang Refined Coal Co LtdBasic Materials Guizhou Red Star Developing Co LtdBasic Materials Guizhou Space Appliance Co LtdIndustrials Guizhou Yibai Pharmaceutical Co Ltd Health Care Guodian Nanjing Automation Co LtdIndustrials Guoguang Electric Co Ltd Consumer Goods Guomai Technologies IncTechnology Hafei Aviation Industry Co LtdIndustrials Haikou Agriculture & Industry Co Consumer Goods Haima Investment Group Co Ltd Consumer Goods Hainan Airlines Co Ltd Consumer Services Hainan Expressway Co LtdIndustrials Hainan Haiyao Co Ltd Health Care Hainan Strait Shipping Co LtdIndustrials Hainan Yedao Co Ltd Consumer Goods Haining China Leather Market Co Ltd Consumer Goods Hangzhou Hangyang Co LtdIndustrials Hangzhou Hikvision Digital Technology Co LtdIndustrials Hangzhou Iron & Steel CoBasic Materials Hangzhou Silan Microelectronics Co LtdTechnology Hangzhou Steam Turbine CoIndustrials Ownership 0.10% 0.01% 0.03% 0.06% 0.00% 0.03% 0.02% 0.01% Voting 0.10% 0.01% 0.03% 0.06% 0.41% 0.03% 0.02% 0.01% Market value (NOK) Ownership 2 953 842 517 385 1 635 089 2 031 627 34 913 526 543 914 862 856 2 425 228 Sector Voting Chongqing Iron & Steel Co LtdBasic Materials Chongqing Jianfeng Chemical Co LtdBasic Materials Chongqing Jiulong Electric Power Co LtdUtilities Chongqing Road & Bridge CoIndustrials Chongqing Rural Commercial Bank Financials Chongqing Shanxian Paints CoIndustrials Chongqing Taiji Industry Group Co Ltd Health Care Chongqing Water Group Co LtdUtilities Chongqing Zongshen Power Machinery Co Ltd Consumer Goods CITIC Guoan Information Industry Co LtdTechnology CITIC Guoan Vine Co Ltd Consumer Goods Citic Offshore Helicopter Co LtdIndustrials Citic Pacific LtdIndustrials CITIC Securities Co Ltd/China Financials Citichamp Dartong Co LtdIndustrials CNHTC Jinan Truck Co LtdIndustrials CNOOC LtdOil & Gas COFCO Tunhe Co Ltd Consumer Goods Cosco International Holdings LtdBasic Materials COSCO Pacific LtdIndustrials COSCO Shipping Co LtdIndustrials CRBC International Co LtdIndustrials CSC Nanjing Tanker CorpIndustrials CSG Holding Co LtdIndustrials CSR Corp LtdIndustrials Da An Gene Co Ltd Sun Yat-Sen University Health Care Daheng New Epoch Technology IncTechnology Dalian Daxian Enterprises Holdings Co Ltd Consumer Goods Dalian Huarui Heavy Industry Steel Casting Co LtdIndustrials Dalian Port PDA Co LtdIndustrials Dalian Refrigeration Co LtdIndustrials Dalian Zhangzidao Fishery Group Co Ltd Consumer Goods Danhua Chemical Technology Co LtdBasic Materials Daqin Railway Co LtdIndustrials Dare Technology Co LtdIndustrials Dashang Group Co Ltd Consumer Services Datang Huayin Electric Power Co LtdUtilities Datang International Power Generation Co LtdUtilities Datang Telecom Technology Co LtdTechnology Datong Coal Industry Co LtdBasic Materials Daye Special Steel Co LtdBasic Materials Dazhong Transportation Group Co Ltd Consumer Services DHC Software Co LtdTechnology Do-Fluoride Chemicals Co LtdBasic Materials Dongfang Electric Corp LtdIndustrials Dongfang Electronics Co LtdIndustrials DongFeng Automobile Co Ltd Consumer Goods Dongguan Development Holdings Co LtdIndustrials Dongling Grain & Oil Co Ltd Consumer Goods Double Coin Holdings Ltd Consumer Goods East China Engineering Science and Technology Co LtdIndustrials Eastern Communications Co LtdTechnology Edifier Technology Co Ltd Consumer Goods Elec-Tech International Co Ltd Consumer Goods Emei Shan Tourism Co Consumer Services Eternal Asia Supply Chain Management LtdIndustrials Fangda Carbon New Material Co LtdBasic Materials Fangda Special Steel Technology Co Ltd Consumer Goods FAW CAR Co Ltd Consumer Goods Feilo Acoustics Co LtdIndustrials Fengfan Co Ltd Consumer Goods Fenghua Advanced Technology Holding Co LtdIndustrials Fiberhome Telecommunication Technologies Co LtdTechnology First Tractor Co LtdIndustrials Focus Technology Co LtdTechnology Foshan Electrical and Lighting Co Ltd Consumer Goods Foshan Huaxin Packaging Co LtdIndustrials Foshan Plastics Group Co LtdBasic Materials Founder Technology Group CorpTechnology Franshion Properties China Ltd Financials Fujian Cement IncIndustrials Fujian Dongbai Group Co Ltd Consumer Services Fujian Expressway Development Co LtdIndustrials Fujian Longking Co LtdIndustrials Fujian Longxi Bearing Group Co LtdIndustrials Fujian Newland Computer Co LtdTechnology Fujian Qingshan Paper IndusBasic Materials Fujian Sanmu Group CoIndustrials Fujian Septwolves Industry Co Ltd Consumer Goods Fujian Sunnada Communication Co LtdTechnology Fuyao Glass Industry Group Co Ltd Consumer Goods Gansu Dunhuang Seed Co Ltd Consumer Goods Gansu Jiu Steel Group Hongxing Iron & Steel Co LtdBasic Materials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.02% 0.03% 0.03% 0.02% 0.03% 0.03% 801 457 16 977 326 570 219 1 488 042 2 244 961 5 361 857 1 492 126 2 589 551 2 275 397 4 599 148 2 794 876 515 798 723 537 1 667 300 1 698 359 3 969 561 2 255 100 7 653 259 0.01% 0.13% 0.02% 0.02% 0.05% 0.02% 0.02% 0.05% 0.05% 0.08% 0.01% 0.03% 0.03% 0.05% 0.04% 0.04% 0.02% 0.03% 0.01% 0.13% 0.02% 0.02% 0.05% 0.02% 0.02% 0.05% 0.05% 0.08% 0.01% 0.03% 0.03% 0.05% 0.04% 0.04% 0.02% 0.03% 70 975 560 50 030 0.15% 0.00% 0.15% 0.00% 870 840 1 846 037 3 989 869 1 264 148 28 162 321 2 039 683 1 339 352 1 772 672 727 125 559 493 565 057 1 199 259 1 625 245 26 648 824 1 451 003 8 068 967 11 539 202 4 827 168 12 340 819 2 400 313 15 840 105 591 162 3 888 710 996 038 2 202 494 652 764 2 051 983 2 246 048 617 243 1 247 354 4 278 309 2 087 969 0.02% 0.02% 0.03% 0.02% 0.43% 0.01% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.36% 0.02% 0.03% 0.03% 0.12% 0.27% 0.03% 0.23% 0.02% 0.02% 0.04% 0.04% 0.01% 0.03% 0.03% 0.02% 0.04% 0.23% 0.05% 0.02% 0.02% 0.03% 0.02% 0.43% 0.01% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.36% 0.02% 0.03% 0.03% 0.11% 0.27% 0.03% 0.23% 0.02% 0.02% 0.04% 0.04% 0.01% 0.03% 0.03% 0.02% 0.04% 0.23% 0.05% 549 502 2 160 978 3 985 442 3 021 190 1 175 034 650 222 675 057 27 785 13 400 647 2 067 687 2 679 516 1 336 740 4 562 783 0.02% 0.03% 0.04% 0.03% 0.03% 0.02% 0.02% 0.00% 0.15% 0.03% 0.03% 0.02% 0.04% 0.02% 0.03% 0.04% 0.03% 0.03% 0.02% 0.02% 0.00% 0.15% 0.03% 0.03% 0.02% 0.04% 2 356 269 1 508 627 809 29 650 590 0.01% 0.10% 0.02% 0.01% 0.10% 0.02% 10 312 467 0.02% 0.02% 20 234 806 962 519 809 419 0.19% 0.03% 0.02% 0.19% 0.03% 0.02% 2 465 083 1 995 840 0.01% 0.01% 0.01% 0.01% 51 494 999 64 808 587 2 788 335 3 599 074 1 618 657 2 595 516 11 726 190 2 152 024 1 218 238 10 951 0.19% 0.11% 0.05% 0.02% 0.03% 0.02% 0.08% 0.03% 0.03% 0.00% 0.19% 0.11% 0.05% 0.02% 0.03% 0.02% 0.08% 0.03% 0.03% 0.00% 3 159 334 0.04% 0.04% 25 227 1 202 577 21 279 042 7 783 314 0.00% 0.03% 0.06% 0.19% 0.00% 0.03% 0.06% 0.19% 2 108 895 20 832 850 934 250 876 119 1 407 308 426 511 0.03% 0.05% 0.04% 0.03% 0.02% 0.02% 0.03% 0.05% 0.04% 0.03% 0.02% 0.02% 25 000 583 1 733 398 1 687 354 957 954 2 010 043 616 564 2 164 129 716 001 2 425 257 0.46% 0.03% 0.03% 0.03% 0.03% 0.02% 0.03% 0.02% 0.03% 0.46% 0.03% 0.03% 0.03% 0.03% 0.02% 0.03% 0.02% 0.03% 1 293 318 1 002 933 5 197 566 627 458 2 348 634 1 877 606 0.02% 0.03% 0.01% 0.02% 0.05% 0.03% 0.02% 0.03% 0.01% 0.02% 0.05% 0.03% 2 728 818 695 878 2 512 415 2 647 678 2 839 517 95 561 284 829 532 1 983 580 2 619 959 0.02% 0.03% 0.02% 0.03% 0.02% 0.16% 0.02% 0.02% 0.02% 0.02% 0.03% 0.02% 0.03% 0.02% 0.16% 0.02% 0.02% 0.02% 949 384 882 326 3 297 232 0.02% 0.02% 0.04% 0.02% 0.02% 0.04% 2 378 168 2 009 946 0.03% 0.01% 0.03% 0.01% 4 358 646 1 327 638 1 484 497 3 570 535 1 594 398 772 538 4 294 028 2 799 284 808 946 22 309 682 1 255 778 2 724 730 832 508 4 292 196 0.03% 0.04% 0.03% 0.03% 0.02% 0.01% 0.01% 0.02% 0.02% 0.50% 0.02% 0.05% 0.02% 0.01% 0.03% 0.04% 0.03% 0.03% 0.02% 0.01% 0.01% 0.02% 0.02% 0.50% 0.02% 0.05% 0.02% 0.01% 2 465 311 1 483 669 12 833 944 0.02% 0.03% 0.07% 0.02% 0.03% 0.07% 1 560 283 20 547 749 714 183 2 946 651 3 365 491 10 025 965 3 624 852 40 305 356 15 843 496 1 131 522 703 110 879 2 441 247 1 141 030 0.03% 0.20% 0.02% 0.01% 0.13% 0.03% 0.03% 0.20% 0.63% 0.02% 1.57% 0.06% 0.02% 0.03% 0.20% 0.02% 0.01% 0.13% 0.03% 0.03% 0.20% 0.63% 0.02% 1.57% 0.06% 0.02% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 8 Government pension fund global ANNUAL REPORT 2010 400 459 1 381 265 8 108 270 Inner Mongolia Yili Industrial Consumer Goods Inner Mongolia Yitai Coal CoBasic Materials Inner Mongolia Yuan Xing Energy Co LtdBasic Materials Inner Mongolian Baotou Steel Union Co LtdBasic Materials Insigma Technology Co LtdTechnology IRICO Display Devices Co LtdIndustrials Jiangling Motors Corp Ltd Consumer Goods Jiangnan Heavy IndustryIndustrials Jiangsu Aoyang Technology CorpBasic Materials Jiangsu Changfa Refrigeration Co LtdIndustrials Jiangsu Changjiang Electronics Technology Co LtdTechnology Jiangsu Changqing Agricultureal and Chemical Co LtdBasic Materials Jiangsu Chengxing Phosph-Chemicals Co LtdBasic Materials Jiangsu Expressway Co LtdIndustrials Jiangsu Future Land Co Ltd Financials Jiangsu Guotai International Group Guomao Co Ltd Consumer Goods Jiangsu Hengrui Medicine Co Ltd Health Care Jiangsu Holly Corp Consumer Services Jiangsu Hongdou Industry Co Ltd Consumer Goods Jiangsu Hongtu High Technology Co LtdTechnology Jiangsu Huachang Chemical Co LtdBasic Materials Jiangsu Huasheng Tianlong Photoelectric Co LtdIndustrials Jiangsu Huaxicun Co Ltd Consumer Goods Jiangsu Jianghuai Engine Co LtdIndustrials Jiangsu Jiangnan High Polymer Fiber Co LtdBasic Materials Jiangsu Kanion Pharmaceutical Co Ltd Health Care Jiangsu Lianyungang Port Co LtdIndustrials Jiangsu Sihuan Bioengineering Co Ltd Health Care Jiangsu Skyrun corp Consumer Goods Jiangsu Sunshine Co Ltd Consumer Goods Jiangsu Wujiang China Eastern Silk Market Co Ltd Consumer Goods Jiangsu Wuzhong Industrial Co Consumer Goods Jiangsu Yanghe Brewery Joint-Stock Co Ltd Consumer Goods Jiangsu Yangnong Chemical Co LtdBasic Materials Jiangsu Yongding Co-AIndustrials Jiangsu Yueda Investment Co LtdIndustrials Jiangsu Yuyue Medical Equipment & Supply Co Ltd Health Care Jiangsu Zhongda New Material Group Co LtdBasic Materials Jiangsu Zhongnan Construction Group Co LtdIndustrials Jiangsu Zhongtian Technologies Co LtdTechnology Jiangsu Zongyi Co LtdIndustrials Jiangxi Copper Co LtdBasic Materials Jiangxi Ganneng Co LtdUtilities Jiangxi Ganyue Expressway Co LtdIndustrials Jiangxi Hongdu Aviation Industry Corp LtdIndustrials Jiangxi Lianchuang Optoelectronic Science & Technology Co LtdIndustrials Jiangxi Wannianqing Cement Co LtdIndustrials Jiangzhong Pharmaceutical Co Ltd Health Care Jiaozuo Wanfang Aluminum Manufacturing Co LtdBasic Materials Jihua Group Corp Ltd Consumer Goods Jilin Aodong Medicine Industry Groups Co Ltd Health Care Jilin Power Share Co LtdUtilities Jilin Sino-Microelectronics Co LtdIndustrials Jilin Yatai Group Co LtdIndustrials Jinan Iron and Steel Co LtdBasic Materials Jinan Qingqi Motorcycle Co Consumer Goods Jinduicheng Molybdenum Co LtdBasic Materials Jinlin Ji En Nickel Industry Co LtdBasic Materials Jinling Pharmaceutical Co Ltd Health Care Jinxi Axle Co LtdIndustrials Jinzhou Port Co LtdIndustrials JiuGuiJiu Co Ltd Consumer Goods Jiuzhitang Co Ltd Health Care Jizhong Energy Resources Co LtdBasic Materials Joincare Pharmaceutical Group Industry Co Ltd Health Care Jointo Energy Investment Co Ltd HebeiUtilities Jointown Pharmaceutical Group Co Ltd Consumer Services Jonjee High-Tech Industrial And Commercial Holding Co LtdIndustrials Joyoung Co Ltd Consumer Goods Kaile Technology Co Ltd HubeiBasic Materials Kailuan Energy Chemical Co LtdBasic Materials Kama Co LtdIndustrials Kangmei Pharmaceutical Co Ltd Health Care Keda Industrial Co LtdIndustrials Kingfa Sci & Tech Co LtdBasic Materials Kingway Brewery Holdings Ltd Consumer Goods Konka Group Co Ltd Consumer Goods Kunlun Energy Co LtdOil & Gas Kunming Pharmaceutical Corp Health Care Kunming Yunnei Power Co LtdIndustrials Ownership 0.03% 0.03% 0.03% 0.02% 0.03% Voting 0.03% 0.03% 0.03% 0.02% 0.03% Market value (NOK) Ownership 4 483 113 2 133 721 1 079 406 782 985 2 492 775 Sector Voting Han’s Laser Technology Co LtdIndustrials Hanwang Technology Co LtdTechnology Harbin Air Conditioning Co LtdIndustrials Harbin Dongan Auto Engine Co Consumer Goods Harbin Gloria Pharmaceuticals Co Ltd Health Care Harbin Gong Da High-Tech Enterprise Development Co Ltd Consumer Goods Harbin Hatou Investment Co LtdUtilities Harbin Pharmaceutical Group Co Ltd Health Care Harbin Pharmaceutical Group Sanjing Pharmaceutical Co Ltd Health Care Harbin Power Equipment Co LtdIndustrials Hebei Cangzhou Dahua Co LtdBasic Materials Hebei Chengde Lolo Co Consumer Goods Hebei Hengshui Laobaigan Liquor Co Ltd Consumer Goods Hebei Iron & Steel Co LtdBasic Materials Hefei Department Store Group Co Ltd Consumer Services Hefei Fengle Seed Co Ltd Consumer Goods Hefei Meiling Co Ltd Consumer Goods Hefei Rongshida Sanyo Electric Co Ltd Consumer Goods Heilongjiang Agriculture Co Ltd Consumer Goods HeiLongJiang HeiHua CoBasic Materials Henan Ancai Hi-Tech Co LtdIndustrials Henan Huanghe Whirlwind Co LtdBasic Materials Henan Lianhua Gourmet Powder Co Consumer Goods Henan Pinggao Electric Co LtdIndustrials Henan Rebecca Hair Products Co Ltd Consumer Goods Henan Shenhuo Coal & Power Co LtdBasic Materials Henan Shuanghui Investment & Development Co Ltd Consumer Goods Henan Xindaxin Materials Co LtdIndustrials Henan Yinge Industrial Investment Holding Co LtdBasic Materials Henan Yuguang Gold & Lead Co LtdBasic Materials Henan Zhongfu Industry Co LtdBasic Materials Henan Zhongyuan Expressway Co LtdIndustrials Hengbao Co LtdIndustrials Hengdian Group DMEGC Magnetics Co LtdIndustrials Hengtong Optic-electric Co LtdTechnology Hisense Electric Co Ltd Consumer Goods Hongrun Construction Group Co LtdIndustrials Huabei Expressway Co LtdIndustrials Huadian Energy Co LtdUtilities Huadian Power International CoUtilities Huadong Medicine Co Ltd Health Care Huafa Industrial Co Ltd Zhuhai Financials Huagong Tech Co LtdIndustrials Hualan Biological Engineering Inc Health Care Huaneng Power International IncUtilities Huangshan Tourism Development Co Ltd Consumer Services Huatian Hotel Group Co Ltd Consumer Services Huawen Media Investment Corp Consumer Services Huaxin Cement Co LtdIndustrials Huayi Electric Co LtdIndustrials Huayu Automotive Systems Co Ltd Consumer Goods Huazhi Holding Chongqing Co Ltd Health Care Hubei Biocause Pharmaceutical Co LtdBasic Materials Hubei Chutian Expressway Co LtdIndustrials Hubei Eastern Gold Jade Co Ltd Consumer Services Hubei Fuxing Science & Technique Co LtdBasic Materials Hubei Guangji Pharmaceutical Co Ltd Health Care Hubei Mailyard Share Co Ltd Consumer Goods Hubei Sanonda Co LtdBasic Materials Hubei Sanxia New Building Material Co LtdIndustrials Hubei Shuanghuan Science and Technology Stock Co LtdBasic Materials Hubei Xingfa Chemicals Group Co LtdBasic Materials Hubei Yihua Chemical Industry Co LtdBasic Materials Huludao Zinc Industry CoBasic Materials Hunan Corun New Energy Co LtdBasic Materials Hunan Investment Group Co LtdIndustrials Hunan Jinjian Cereals Industry Co Consumer Goods Hunan Mendale Hometextile Co Ltd Consumer Goods Hunan Non-Ferrous Metal Corp LtdBasic Materials Hunan Sunward Intelligent Machinery Co LtdIndustrials Hunan TV & Broadcast Intermediary Co Ltd Consumer Services Hunan Valin Steel Co LtdBasic Materials Hundsun Electronics Co LtdTechnology Huolinhe Opencut Coal Industry Co Ltd of Inner MongoliaBasic Materials Industrial & Commercial Bank of China Financials Industrial Bank Co Ltd Financials Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co LtdBasic Materials Inner Mongolia Eerduosi Cashmere Products Co Ltd Consumer Goods Inner Mongolia Jinyu Group Ltd Health Care Inner Mongolia Lantai Industrial Co LtdBasic Materials Inner Mongolia MengDian HuaNeng T hermal Power Co LtdUtilities Inner Mongolia Pingzhuang Energy Co LtdBasic Materials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.04% 0.00% 0.03% 0.03% 3.12% 0.02% 0.03% 0.02% 0.04% 0.00% 0.03% 0.03% 3.12% 0.02% 0.03% 0.02% 505 477 6 959 940 56 840 16 362 391 552 682 498 557 2 145 739 0.02% 0.02% 0.00% 0.09% 0.02% 0.01% 0.03% 0.02% 0.02% 0.00% 0.09% 0.02% 0.01% 0.03% 34 299 448 328 2 109 994 3 035 522 1 870 329 30 607 496 1 662 065 708 727 4 267 996 997 819 9 083 783 3 434 155 3 110 357 0.00% 0.01% 0.02% 0.03% 0.04% 0.38% 0.03% 0.02% 0.03% 0.02% 0.03% 0.03% 0.02% 0.00% 0.01% 0.02% 0.03% 0.04% 0.38% 0.03% 0.02% 0.03% 0.02% 0.03% 0.03% 0.02% 11 976 552 597 606 455 345 881 875 587 264 231 6 366 257 0.02% 0.04% 0.37% 0.13% 0.02% 0.02% 0.04% 0.37% 0.13% 0.02% 1 936 400 78 085 387 1 159 160 712 644 30 252 328 615 386 2 255 152 35 865 033 6 881 623 21 037 1 639 159 10 933 276 694 2 233 610 1 240 505 0.04% 0.38% 0.03% 0.03% 0.09% 0.03% 0.00% 0.08% 0.16% 0.00% 0.02% 0.00% 0.00% 0.02% 0.02% 0.04% 0.38% 0.03% 0.03% 0.09% 0.03% 0.00% 0.08% 0.16% 0.00% 0.02% 0.00% 0.00% 0.02% 0.02% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 0.02% 0.01% 0.01% 0.04% 0.02% 0.04% 0.02% 0.02% 0.01% 0.03% 0.03% 0.02% 0.15% 0.04% 0.56% 0.00% 0.02% 0.15% 0.01% 0.02% 0.03% 0.02% 0.01% 0.03% 0.02% 0.01% 0.03% 0.02% 0.02% 0.02% 0.00% 0.02% 1.07% 0.02% 0.30% 2.79% 0.04% 0.04% 0.03% 0.03% 0.02% 0.02% 0.19% 0.04% 0.02% 0.15% 0.01% 0.29% 0.01% 0.03% 0.21% 0.04% 0.08% 0.01% 0.25% 0.03% 0.21% 0.20% 0.33% 0.04% 0.04% 0.19% 0.24% 0.18% 0.07% 0.01% 0.03% 0.03% 0.03% 0.03% 0.63% 0.02% 0.32% 0.12% 0.13% 0.02% 0.11% 0.03% 0.35% 9 Government pension fund global ANNUAL REPORT 2010 1 513 971 513 118 1 133 007 1 043 788 79 557 195 801 656 798 476 1 142 314 Rongxin Power Electronic Co LtdIndustrials 3 095 825 0.02% SAIC Motor Corp Ltd Consumer Goods 12 931 312 0.01% Sanan Optoelectronics Co LtdIndustrials 3 511 162 0.01% Sanlian Commercial Co Ltd Consumer Services 656 329 0.04% Sansteel Minguang Co Ltd FujianBasic Materials 772 099 0.02% Sany Heavy Industry Co LtdIndustrials 38 398 872 0.04% Science City Development PCL Consumer Services 839 208 0.02% SDIC Huajing Power Holdings Co LtdUtilities 1 934 133 0.02% SDIC Xinji Energy Co LtdBasic Materials 1 437 578 0.00% SDIC Zhonglu Fruit Juice Co Ltd Consumer Goods 572 656 0.03% Searainbow Holding CorpTechnology 2 376 709 0.03% SGIS Songshan Co LtdBasic Materials 1 314 344 0.02% SGSB Group Co LtdIndustrials 2 719 957 0.15% Shandong Bohui Paper Industrial Co LtdBasic Materials 1 258 335 0.04% Shandong Chenming Paper Holdings LtdBasic Materials 53 991 556 0.56% Shandong Delisi Food Co Ltd Consumer Goods 7 753 0.00% Shandong Denghai Seeds Co Ltd Consumer Goods 1 797 753 0.02% Shandong Dong-E E-Jiao-A Health Care 45 007 853 0.15% Shandong Expressway Co LtdIndustrials 1 108 892 0.01% Shandong Gold Mining Co LtdBasic Materials 12 928 200 0.02% Shandong Haihua Co LtdBasic Materials 1 705 607 0.03% Shandong Helon Co LtdBasic Materials 880 042 0.02% Shandong Homey Aquatic Development Co Ltd Consumer Goods 1 199 374 0.01% Shandong Hualu Hengsheng Chemical Co LtdBasic Materials 1 613 300 0.03% Shandong Huatai Paper Co LtdBasic Materials 1 105 183 0.02% Shandong Humon Smelting Co LtdBasic Materials 802 956 0.01% Shandong Jinjing Science & Technology Co LtdIndustrials 1 786 203 0.03% Shandong Jinling Mining Co LtdBasic Materials 2 144 190 0.02% Shandong Lukang Pharma Health Care 1 018 607 0.02% Shandong Luxin High-Tech Industry Co LtdIndustrials 2 205 004 0.02% Shandong Luyang Share Co LtdIndustrials 33 631 0.00% Shandong Nanshan Aluminum Co LtdBasic Materials 3 293 190 0.02% Shandong Pharmaceutical Glass Co Ltd Health Care 41 139 387 1.07% Shandong Shengli CoIndustrials 690 026 0.02% Shandong Sun Paper Industry Joint Stock Co LtdBasic Materials 30 250 420 0.30% Shandong Weigao Group Medical Polymer Co Ltd Health Care 989 230 914 2.79% Shandong Xinneng Taishan Power Generation Co LtdUtilities 1 368 460 0.04% Shangdong Lubei Chemical Co LtdBasic Materials 655 394 0.04% Shanghai 3F New Materials CoBasic Materials 1 142 454 0.03% Shanghai ACE Co LtdBasic Materials 762 290 0.03% Shanghai Aerospace Automobile Electro Mechanical Co Consumer Goods 1 792 867 0.02% Shanghai Bailian Group Co Ltd Consumer Services 2 453 250 0.02% Shanghai Baosight Software Co LtdTechnology 6 314 291 0.19% Shanghai Belling Co LtdTechnology 1 801 378 0.04% Shanghai Chengtou Holding Co LtdUtilities 2 605 800 0.02% Shanghai Chlor-Alkali Chemical Co LtdBasic Materials 5 716 101 0.15% Shanghai Construction Co LtdIndustrials 1 435 189 0.01% Shanghai Dajiang Group Consumer Goods 4 648 950 0.29% Shanghai Datun Energy Resources Co LtdBasic Materials 2 441 418 0.01% Shanghai Dazhong Public Utilities Group Co LtdUtilities 2 446 934 0.03% Shanghai Diesel Engine Co LtdIndustrials 5 292 526 0.21% Shanghai Dragon Corp Consumer Goods 1 108 782 0.04% Shanghai Electric Group Co LtdIndustrials 41 493 249 0.08% Shanghai Electric Power Co LtdUtilities 1 112 506 0.01% Shanghai Erfangji Co LtdIndustrials 3 490 640 0.25% Shanghai Feilo Co LtdIndustrials 1 176 542 0.03% Shanghai Forte Land Co Financials 10 075 500 0.21% Shanghai Fosun Pharmaceutical Group Co Ltd Health Care 44 826 978 0.20% Shanghai Friendship Group Inc Ltd Consumer Services 23 406 784 0.33% Shanghai Fudan Forward S & T Co LtdIndustrials 977 215 0.04% Shanghai Haibo Co Ltd Consumer Services 1 224 715 0.04% Shanghai Haixin Group Co Consumer Goods 7 586 346 0.19% Shanghai Highly Group Co LtdIndustrials 5 286 455 0.24% Shanghai Industrial Holdings LtdIndustrials 49 263 976 0.18% Shanghai International Airport Co LtdIndustrials 15 472 884 0.07% Shanghai International Port Group Co LtdIndustrials 8 997 444 0.01% Shanghai Jahwa United Co Ltd Consumer Goods 4 130 631 0.03% Shanghai Jiao Yun Co Ltd Consumer Goods 1 578 009 0.03% Shanghai Jiaoda Onlly Co Ltd Consumer Goods 1 027 056 0.03% Shanghai Jielong Industry Corp LtdIndustrials 1 012 088 0.03% Shanghai Jin Jiang International Hotels Group Co Ltd Consumer Services41 450 375 0.63% Shanghai Jinfeng Investment Co Ltd Financials 637 804 0.02% Shanghai Jinfeng Wine Co Ltd Consumer Services 15 952 411 0.32% Shanghai Jinjiang International Hotels Development Co Ltd Consumer Services 8 443 342 0.12% Shanghai Jinjiang International Investment Holdings CoIndustrials 4 506 736 0.13% Shanghai Jinling Co LtdIndustrials 660 760 0.02% Shanghai Jinqiao Export Processing Zone Development Co Ltd Financials 4 828 976 0.11% Shanghai Join Buy Co Ltd Consumer Services 941 385 0.03% Shanghai Kehua Bio-Engineering Co Ltd Health Care 27 553 936 0.35% Ownership 0.06% 0.01% 0.02% 0.22% 0.02% 0.04% 0.03% 0.16% 0.04% 0.01% 0.06% 0.14% 0.02% 0.02% 0.02% 0.01% 0.02% 0.15% 0.02% 0.06% 0.03% 0.12% 0.03% 0.02% 0.03% 0.01% 0.21% 0.03% 0.18% 0.06% 0.02% 0.19% 0.04% 0.02% 0.09% 0.02% 0.03% 0.04% Voting 0.06% 0.01% 0.02% 0.22% 0.02% 0.04% 0.03% 0.16% 0.04% 0.01% 0.06% 0.14% 0.02% 0.02% 0.02% 0.01% 0.02% 0.15% 0.02% 0.06% 0.03% 0.12% 0.03% 0.02% 0.03% 0.01% 0.21% 0.03% 0.18% 0.06% 0.02% 0.19% 0.04% 0.02% 0.09% 0.02% 0.03% 0.04% Market value (NOK) Ownership 93 400 562 533 852 540 683 12 275 282 615 394 1 452 442 2 744 876 26 999 947 9 515 792 1 700 595 2 292 901 5 449 668 1 525 789 950 201 807 443 613 517 617 739 10 231 500 803 495 2 943 057 2 493 591 7 567 401 1 538 639 10 429 982 1 038 143 881 126 14 318 697 1 760 981 30 808 783 29 363 353 4 816 831 15 685 538 1 227 176 683 262 22 040 429 642 976 989 923 1 304 881 Sector Voting Kweichow Moutai Co Ltd Consumer Goods Laiwu Steel CorpBasic Materials Lanzhou Great Wall Electrical Co LtdIndustrials Lao Feng Xiang Co Ltd Consumer Goods Leaguer Stock Co LtdIndustrials Leshan Electric Power CoUtilities Lianhe Chemical Technology Co LtdBasic Materials Lianhua Supermarket Holdings Co Ltd Consumer Services Liaoning Cheng Da Co Ltd Consumer Services Liaoning Huajin Tongda Chemicals Co LtdBasic Materials Liaoning SG Automotive Group Co Ltd Consumer Goods Lingbao Gold Co LtdBasic Materials Lingyuan Iron & Steel Co LtdBasic Materials Lingyun Industrial Corp Ltd Consumer Goods Liuzhou Chemical Industry Co LtdBasic Materials Liuzhou Iron & Steel Co LtdBasic Materials Liuzhou Liangmianzhen Co Ltd Consumer Goods Livzon Pharmaceutical Inc Health Care Long Yuan Construction Group Co LtdIndustrials Lucky Film Co Consumer Goods Luolai Home Textile Co Ltd Consumer Goods Luthai Textile Co Ltd Consumer Goods Luxi Chemical Group Co LtdBasic Materials Luzhou Laojiao Co Ltd Consumer Goods Maoming Petro-Chemical Shihua Co LtdBasic Materials Markor International Furniture Co Ltd Consumer Goods Mayinglong Pharmaceutical Group Co Ltd Health Care Meidu Holdings Co LtdIndustrials Mesnac Co LtdIndustrials Metallurgical Corp of China LtdIndustrials Minmetals Development Co LtdIndustrials Minmetals Resources LtdBasic Materials Minsheng Investment Management Co Ltd Consumer Services Maanshan Fangyuan Slewing Ring Co LtdIndustrials Maanshan Iron & SteelBasic Materials Nafine Chemical Industry Group Co Ltd Consumer Goods Nanhai Development Co LtdUtilities Nanjing Central Emporium Consumer Services Nanjing Huadong Electronics Information & Technology Co LtdIndustrials Nanjing Iron & Steel Co LtdBasic Materials Nanjing Pharmaceutical Co Ltd Health Care Nanjing Redsun Co LtdBasic Materials Nanjing Sample Technology Co LtdIndustrials Nanjing Xinjiekou Department Store Co Ltd Consumer Services Nanjing Yunhai Special Metals Co LtdBasic Materials Nanning Sugar Industry Co Ltd Consumer Goods Nantong Jiangshan Agrochemical & Chemical LLCBasic Materials NARI Technology Development Co LtdIndustrials Nationz Technologies IncIndustrials Neusoft CorpTechnology Ningbo Bird Co LtdTechnology Ningbo Fuda Co LtdIndustrials Ningbo Huaxiang Electronic Co Ltd Consumer Goods Ningbo Lugong Online Monitoring echnology Co LtdIndustrials Ningbo Marine Co LtdIndustrials Ningbo Shanshan Co Ltd Consumer Goods Ningbo Yunsheng Group Co LtdIndustrials Ningxia Dayuan Chemical Co LtdBasic Materials Ningxia Orient Tantalum Industry Co LtdBasic Materials Ningxia Saima Industry Co LtdIndustrials NingXia YinXing Energy Co LtdIndustrials North China Pharmaceutical Co Ltd Health Care Northeast Pharmaceutical Health Care Offshore Oil Engineering Co LtdOil & Gas Orient Group Inc Consumer Services Palm Landscape Architecture Co LtdIndustrials Pangang Group Steel Vanadium & Titanium Co LtdBasic Materials PetroChina Co LtdOil & Gas PICC Property & Casualty Co Ltd Financials Ping An Insurance Group Co of China Ltd Financials Pingdingshan Tianan Coal Mining Co LtdBasic Materials PKU International Healthcare Group Southwest Pharmaceutical Co Ltd Health Care Poly Hong Kong Investments Ltd Financials Qinchuan Machinery Development CoIndustrials Qingdao Doublestar Co Ltd Consumer Goods Qingdao Haier Co Ltd Consumer Goods Qingdao Soda Ash Industrial Co LtdBasic Materials Qinghai Salt Lake Industry Group Co LtdBasic Materials Qinghai Salt Lake Potash CoBasic Materials Qingling Motors Co LtdIndustrials Rainbow Department Store Co Ltd Consumer Services Renhe Pharmacy Co Ltd Health Care Renrenle Commercial Group Co Ltd Consumer Services RINO International CorpIndustrials Rising Nonferrous Metals Share Co LtdBasic Materials Rizhao Port Co LtdIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.05% 0.05% 5 029 202 0.07% 0.07% 1 090 695 1 491 378 17 872 814 804 997 7 626 475 48 424 093 7 303 470 0.00% 0.03% 0.32% 0.01% 0.03% 0.13% 0.33% 0.00% 0.03% 0.32% 0.01% 0.03% 0.13% 0.33% 1 826 813 29 197 236 670 522 2 039 798 2 711 293 2 233 261 0.03% 0.57% 0.02% 0.04% 0.03% 0.03% 0.03% 0.57% 0.02% 0.04% 0.03% 0.03% 5 280 671 1 506 808 8 891 4 669 517 525 400 1 416 483 50 973 393 13 959 342 2 278 500 1 792 561 25 443 598 1 278 074 0.09% 0.02% 0.00% 0.14% 0.02% 0.03% 0.30% 0.08% 0.03% 0.02% 0.21% 0.03% 0.09% 0.02% 0.00% 0.14% 0.02% 0.03% 0.30% 0.08% 0.03% 0.02% 0.21% 0.03% 3 958 341 1 497 847 960 683 11 890 093 8 251 473 0.02% 0.04% 0.02% 0.02% 0.03% 0.02% 0.04% 0.02% 0.02% 0.03% 6 324 707 651 770 1 847 818 3 422 141 15 932 372 47 929 654 592 237 5 325 732 1 116 251 1 408 980 795 626 618 496 2 916 253 6 773 985 3 559 552 1 614 545 20 067 8 428 055 2 798 673 530 166 2 334 461 8 700 177 29 597 14 256 999 0.01% 0.03% 0.03% 0.01% 0.06% 0.06% 0.01% 0.03% 0.03% 0.03% 0.02% 0.02% 0.05% 0.12% 0.03% 0.02% 0.00% 0.13% 0.04% 0.02% 0.01% 0.12% 0.00% 0.33% 0.01% 0.03% 0.03% 0.01% 0.06% 0.06% 0.01% 0.03% 0.03% 0.03% 0.02% 0.02% 0.05% 0.12% 0.03% 0.02% 0.00% 0.13% 0.04% 0.02% 0.01% 0.12% 0.00% 0.33% 22 641 18 563 2 675 312 17 970 959 0.00% 0.00% 0.01% 0.22% 0.00% 0.00% 0.01% 0.22% 1 478 047 21 691 895 584 201 1 702 173 11 197 3 760 379 23 427 0.02% 0.30% 0.01% 0.01% 0.00% 0.02% 0.00% 0.02% 0.30% 0.01% 0.01% 0.00% 0.02% 0.00% 27 786 073 1 466 900 6 717 965 2 218 400 4 960 580 1 001 312 1 298 807 660 186 0.42% 0.02% 0.02% 0.02% 0.26% 0.02% 0.03% 0.01% 0.42% 0.02% 0.02% 0.02% 0.26% 0.02% 0.03% 0.01% 2 087 125 525 135 9 805 781 0.04% 0.01% 0.03% 0.04% 0.01% 0.03% 856 024 20 604 410 0.02% 0.62% 0.02% 0.62% 13 150 356 2 094 825 852 920 2 123 636 0.19% 0.02% 0.01% 0.04% 0.19% 0.02% 0.01% 0.04% 1 031 788 749 058 1 179 723 2 319 940 539 333 0.02% 0.02% 0.04% 0.02% 0.02% 0.02% 0.02% 0.04% 0.02% 0.02% 1 574 015 2 345 477 14 231 523 548 624 2 315 143 3 468 746 2 962 374 3 904 264 855 737 1 030 540 2 912 863 686 896 930 282 47 057 615 2 476 550 2 249 345 814 408 1 893 863 2 843 049 46 055 271 7 990 090 1 928 108 80 595 217 1 984 743 764 646 17 589 705 17 161 743 241 423 367 1 065 929 1 830 226 0.03% 0.02% 0.12% 0.03% 0.05% 0.02% 0.06% 0.01% 0.02% 0.04% 0.02% 0.03% 0.03% 0.49% 0.03% 0.07% 0.03% 0.03% 0.02% 0.22% 0.03% 0.03% 0.38% 0.05% 0.02% 0.08% 0.14% 0.53% 0.03% 0.04% 0.03% 0.02% 0.12% 0.03% 0.05% 0.02% 0.06% 0.01% 0.02% 0.04% 0.02% 0.03% 0.03% 0.49% 0.03% 0.07% 0.03% 0.03% 0.02% 0.22% 0.03% 0.03% 0.38% 0.05% 0.02% 0.08% 0.14% 0.53% 0.03% 0.04% 615 825 88 149 402 191 282 086 19 216 416 3 501 030 944 811 0.01% 1.30% 2.18% 0.12% 0.03% 0.03% 0.01% 1.30% 2.18% 0.12% 0.03% 0.03% 14 664 0.00% 0.00% 2 338 556 2 306 067 1 467 406 139 345 016 876 148 1 372 881 0.04% 0.03% 0.04% 0.17% 0.02% 0.02% 0.04% 0.03% 0.04% 0.17% 0.02% 0.02% 3 761 413 8 247 471 2 183 042 3 436 456 26 902 204 1 701 234 9 990 390 3 416 651 4 597 793 2 077 157 1 080 537 2 751 957 3 122 274 0.02% 0.18% 0.02% 0.03% 0.11% 0.02% 0.03% 0.03% 0.18% 0.02% 0.02% 0.03% 0.01% 0.02% 0.18% 0.02% 0.03% 0.11% 0.02% 0.03% 0.03% 0.18% 0.02% 0.02% 0.03% 0.01% 2 492 316 3 345 700 0.07% 0.03% 0.07% 0.03% 16 946 168 14 008 153 804 546 540 647 22 051 2 197 346 95 519 120 12 490 3 368 766 2 775 159 703 325 0.54% 0.24% 0.01% 0.01% 0.00% 0.02% 1.13% 0.00% 0.02% 0.03% 0.02% 0.54% 0.24% 0.01% 0.01% 0.00% 0.02% 1.13% 0.00% 0.02% 0.03% 0.02% 1 492 947 0.02% 0.02% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 10 Government pension fund global ANNUAL REPORT 2010 8 725 558 Shijiazhuang Changshan Textile Co Ltd Consumer Goods Shinva Medical Instrument Co Ltd Health Care Shougang Concord International Enterprises Co LtdBasic Materials Shuangliang Eco-Energy Systems Co LtdIndustrials Shaan Xi Provincial Natural Gas Co LtdOil & Gas Shaanxi Aerospace Power Hi-Tech Co LtdIndustrials Shaanxi Broadcast & TV Network Media Co Ltd Consumer Services Shaanxi Qinling Cement Co LtdIndustrials Shaanxi Xinghua Chemistry Co LtdBasic Materials Sichuan Changhong Electric Co Ltd Consumer Goods Sichuan Chemical Co LtdBasic Materials Sichuan Chengfei Integration Technology Corp Consumer Goods Sichuan Chuantou Energy Co LtdUtilities Sichuan Expressway Co LtdIndustrials Sichuan Golden Summit GroupIndustrials Sichuan Haite High-tech Co LtdIndustrials Sichuan Hongda Co LtdBasic Materials Sichuan Jinlu Group Co LtdBasic Materials Sichuan Kelun Pharmaceutical Co Ltd Health Care Sichuan Lutianhua Co LtdBasic Materials Sichuan Meifeng Chemical INDBasic Materials Sichuan New Hope Agribusiness Co Ltd Consumer Goods Sichuan Road & Bridge Co LtdIndustrials Sichuan Shengda Industrial Co LtdBasic Materials Sichuan Swellfun Co Ltd Consumer Goods Sichuan Western Resources Holding Co LtdBasic Materials Sichuan Xichang Electric Power Co LtdUtilities Sichuan Youli Investment Holding Co Ltd Consumer Goods Silver Plaza Group Co Ltd Consumer Services Sinochem International CorpBasic Materials Sinofert Holdings LtdBasic Materials Sinoma International Engineering CoIndustrials Sinoma Science & Technology Co LtdBasic Materials Sino-Ocean Land Holdings Ltd Financials Sinopec Kantons Holdings LtdOil & Gas Sinopec Shandong Taishan Petroleum Co LtdOil & Gas Sinopec Shanghai Petrochemical Co LtdBasic Materials Sinopec Yizheng Chemical Fibre Co LtdBasic Materials Sinopharm Group Co Health Care Sino-Platinum Metals Co LtdBasic Materials Sinotex Investment & Development Consumer Goods Sinotrans Air Transportation Development Co LtdIndustrials Sinotrans LtdIndustrials Sinotrans Shipping LtdIndustrials Sinotruk Hong Kong LtdIndustrials Sound Environmental Co LtdIndustrials South Huiton Co LtdIndustrials Spearhead Integrated Marketing Communication Co LtdIndustrials Star Lake Bioscience Co Inc Zhaoqing Guangdong Consumer Goods Sufa Technology Industry Co Ltd CNNCIndustrials Sundiro Holding Co LtdBasic Materials Suning Appliance Co Ltd Consumer Services Sunny Loan Top Co Ltd Consumer Services Sunvim Group Co Ltd Consumer Goods Suzhou Gold Mantis Construction Decoration Co LtdIndustrials SVA Electron Co LtdIndustrials Taiyuan Coal Gasification Co LtdBasic Materials Taiyuan Heavy Industry CoIndustrials Tangshan Jidong Cement Co LtdIndustrials Tangshan Sanyou Chemical Industries Co LtdBasic Materials TBEA Co LtdIndustrials TCL Corp Consumer Goods TCL Multimedia Technology Holdings Ltd Consumer Goods TDG Holdings Co LtdIndustrials Tellhow Sci-Tech Co LtdIndustrials Telling Telecommunication Holding Co LtdTechnology Tian Di Science & Technology Co LtdIndustrials Tiancheng Co Ltd of Taiyuan University of TechnologyTechnology Tianjin Benefo Tejing Electric Co LtdIndustrials Tianjin Capital Environmental Protection Group Co LtdUtilities Tianjin Development HldgsUtilities Tianjin Faw Xiali Automobile Co Ltd Consumer Goods Tianjin Good Hand Railway Holding Co Ltd Consumer Services Tianjin Lisheng Pharmaceutical Co Ltd Health Care Tianjin Port Co LtdIndustrials Tianjin Port Development Holdings LtdIndustrials Tianjin Saixiang Technology Co LtdIndustrials Tianjin Tasly Pharmaceutical Co Ltd Health Care Tianjin Teda Co LtdIndustrials Tianjin Tianyao Pharmaceutical Co Ltd Health Care Tianjin Zhong Xin Pharmaceutical Group C orp Ltd Health Care Ownership 0.02% 0.02% Voting 0.02% 0.02% Market value (NOK) Ownership 805 138 643 926 Sector Voting Shanghai Lansheng CorpIndustrials Shanghai Lengguang IndustrialIndustrials Shanghai Lujiazui Finance & Trade Zone Development Co Ltd Financials Shanghai Mechanical and Electrical Industry Co LtdIndustrials Shanghai Metersbonwe Fashion & Accessories Co Ltd Consumer Goods Shanghai Modern Pharmaceutical Co Ltd Health Care Shanghai New World Co Ltd Consumer Services Shanghai Nine Dragon Co Ltd Consumer Services Shanghai Oriental Pearl Group Co Ltd Consumer Services Shanghai Pharmaceuticals Holding Co Ltd Health Care Shanghai Prime Machinery Co LtdIndustrials Shanghai Pudong Road & Bridge Construction Co LtdIndustrials Shanghai Qiangsheng Holding Co Ltd Consumer Services Shanghai Shenda Co Ltd Consumer Goods Shanghai Shenhua Holdings Co Ltd Consumer Services Shanghai Siyuan Electric Co LtdIndustrials Shanghai Tunnel Engineering Co LtdIndustrials Shanghai Waigaoqiao Free Trade Zone Development Co LtdIndustrials Shanghai Xinhua Media Co Ltd Consumer Services Shanghai Xinpeng Industrial Co LtdIndustrials Shanghai Yaohua Pilkington Glass Co LtdIndustrials Shanghai Yatong Co Ltd Consumer Services Shanghai Yimin Commerce Group Co Ltd Consumer Services Shanghai Yuyuan Tourist Mart Co Ltd Consumer Services Shanghai Zhenhua Heavy Industries Co LtdIndustrials Shanghai Zhixin Electric Co LtdIndustrials Shanghai Zi Jiang Enterprise Group Co LtdIndustrials Shantui Construction Machinery Co LtdIndustrials Shanxi Antai Group Co LtdBasic Materials Shanxi Coal International Energy Group Co LtdBasic Materials Shanxi Coking Co LtdBasic Materials Shanxi Guanlu CoBasic Materials Shanxi Guoyang New Energy Co LtdBasic Materials Shanxi Lanhua Sci-Tech Venture Co LtdBasic Materials Shanxi Lu’an Environmental Energy Development Co LtdBasic Materials Shanxi Meijin Energy Co LtdIndustrials Shanxi Sanwei Group CoBasic Materials Shanxi Taigang Stainless Steel Co LtdBasic Materials Shanxi Xinghuacun Fen Wine Factory Co Ltd Consumer Goods Shanxi Xishan Coal & Electricity Power Co LtdBasic Materials Shanxi Zhangze Electric Power Co LtdUtilities Shenergy Co LtdUtilities Shenma Industry Co LtdBasic Materials Shenyang Chemical IndustryBasic Materials Shenyang Jinbei Automotive Co Ltd Consumer Goods Shenyang Jinshan Energy Co LtdUtilities Shenyang Machine Tool Co LtdIndustrials Shenzhen Accord Pharmaceutical Co Ltd Health Care Shenzhen Agricultural Products Co Ltd Consumer Goods Shenzhen Airport CoIndustrials Shenzhen Aisidi Co Ltd Consumer Services Shenzhen Chiwan Wharf Holdings LtdIndustrials Shenzhen Clou Electronics Co LtdIndustrials Shenzhen Coship Electronics Co Ltd Consumer Goods Shenzhen Energy Group Co LtdUtilities Shenzhen Expressway Co LtdIndustrials Shenzhen Fastprint Circuit Tech Co LtdIndustrials Shenzhen Fiyta Holdings Ltd Consumer Goods Shenzhen Fuanna Bedding and Furnishing Co Ltd Consumer Goods Shenzhen H&T Intelligent Control Co LtdIndustrials Shenzhen Hepalink Bio-Tech Co Ltd Health Care Shenzhen International Holdings LtdIndustrials Shenzhen Invengo Information Technology JSC LtdIndustrials Shenzhen Investment Ltd Financials Shenzhen Jinjia Color Printing Group Co LtdIndustrials Shenzhen Kaifa Technology Co LtdTechnology Shenzhen Keybridge Communications Co LtdTechnology Shenzhen Laibao Hi-tech Co LtdIndustrials Shenzhen MTC Co Ltd Consumer Goods Shenzhen MYS Environmental Protection &Technology Co LtdIndustrials Shenzhen Neptunus Bioengineering Co Ltd Health Care Shenzhen Overseas Chinese Town Co Ltd Consumer Services Shenzhen Salubris Pharmaceuticals Co Ltd Health Care Shenzhen SEG Co LtdIndustrials Shenzhen SEG Samsung Glass Co LtdIndustrials Shenzhen Tonge Group Co LtdIndustrials Shenzhen Topraysolar Co LtdIndustrials Shenzhen Woer Heat-Shrinkable Material Co LtdIndustrials Shenzhen Yantian Port Holding Co LtdIndustrials Shenzhen Zhongjin Lingnan Nonfemet Co LtdBasic Materials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.03% 0.02% 0.02% 0.03% 0.02% 0.02% 1 200 119 1 414 250 127 349 087 4 308 969 5 941 711 649 232 55 111 310 1 496 454 4 396 558 1 335 539 2 131 612 2 985 445 15 287 461 154 017 286 56 281 969 2 082 769 18 471 506 11 903 454 2 013 730 1 940 670 38 397 748 879 821 2 342 084 5 553 532 5 717 519 1 877 649 889 441 22 505 011 0.04% 0.03% 1.08% 0.23% 0.03% 0.02% 0.13% 0.02% 0.03% 0.02% 0.03% 0.02% 0.36% 0.25% 0.33% 0.03% 0.26% 0.03% 0.03% 0.03% 0.47% 0.01% 0.03% 0.05% 0.02% 0.02% 0.03% 0.30% 0.04% 0.03% 1.08% 0.23% 0.03% 0.02% 0.13% 0.02% 0.03% 0.02% 0.03% 0.02% 0.36% 0.25% 0.33% 0.03% 0.26% 0.03% 0.03% 0.03% 0.47% 0.01% 0.03% 0.05% 0.02% 0.02% 0.03% 0.30% 18 788 753 376 1 988 520 104 710 094 0.00% 0.02% 0.02% 0.09% 0.00% 0.02% 0.02% 0.09% 1 541 540 0.03% 0.03% 13 623 1 068 369 12 255 889 1 041 336 10 083 680 2 937 810 3 578 248 2 403 853 5 005 284 1 530 725 702 369 461 697 4 323 645 1 122 087 5 367 799 2 133 849 20 993 2 218 658 2 677 017 1 131 292 1 740 442 1 186 068 0.00% 0.02% 0.15% 0.03% 0.02% 0.02% 0.03% 0.04% 0.16% 0.02% 0.02% 0.01% 0.02% 0.01% 0.02% 0.06% 0.00% 0.03% 0.03% 0.02% 0.02% 0.02% 0.00% 0.02% 0.15% 0.03% 0.02% 0.02% 0.03% 0.04% 0.16% 0.02% 0.02% 0.01% 0.02% 0.01% 0.02% 0.06% 0.00% 0.03% 0.03% 0.02% 0.02% 0.02% 1 529 065 0.04% 0.04% 146 871 669 0.42% 0.42% 2 034 540 968 316 2 094 979 1 167 171 16 532 907 0.02% 0.03% 0.07% 0.02% 0.22% 0.02% 0.03% 0.07% 0.02% 0.22% 37 107 182 0.43% 0.43% 2 058 582 2 210 190 4 103 749 950 995 1 860 204 580 065 0.05% 0.03% 0.04% 0.02% 0.03% 0.01% 0.05% 0.03% 0.04% 0.02% 0.03% 0.01% 2 180 813 16 432 419 930 921 3 949 747 1 037 697 828 058 2 685 972 2 316 699 168 989 609 2 878 490 38 660 706 2 736 312 6 618 997 790 412 404 888 539 2 669 134 1 945 747 1 317 121 771 086 7 072 851 2 164 292 2 263 241 43 643 211 2 264 240 491 596 1 989 452 55 656 688 7 586 841 7 121 906 0.04% 0.11% 0.03% 0.03% 0.01% 0.02% 0.02% 0.04% 0.52% 0.02% 2.82% 0.03% 0.02% 0.02% 0.46% 0.04% 0.03% 0.02% 0.01% 0.03% 0.03% 0.03% 0.30% 0.04% 0.01% 0.02% 0.15% 0.03% 0.02% 0.04% 0.11% 0.03% 0.03% 0.01% 0.02% 0.02% 0.04% 0.52% 0.02% 2.82% 0.03% 0.02% 0.02% 0.46% 0.04% 0.03% 0.02% 0.01% 0.03% 0.03% 0.03% 0.30% 0.04% 0.01% 0.02% 0.15% 0.03% 0.02% 1 682 532 0.05% 0.05% 16 906 838 525 942 3 872 357 1 831 517 2 059 124 596 218 0.16% 0.03% 0.02% 0.04% 0.01% 0.01% 0.16% 0.03% 0.02% 0.04% 0.01% 0.01% 1 900 729 722 798 279 9 703 7 348 2 776 362 0.02% 2.09% 0.00% 0.00% 0.03% 0.02% 2.09% 0.00% 0.00% 0.03% 35 503 539 0.08% 0.08% 1 140 861 21 125 2 717 011 2 648 514 2 360 982 30 859 877 0.02% 0.00% 0.04% 0.03% 0.03% 0.12% 0.02% 0.00% 0.04% 0.03% 0.03% 0.12% 2 910 677 2 429 089 960 561 2 285 768 2 558 847 1 096 286 890 907 0.05% 0.03% 0.01% 0.00% 0.03% 0.03% 0.03% 0.05% 0.03% 0.01% 0.05% 0.03% 0.03% 0.03% 1 067 872 3 550 426 1 720 489 1 945 626 18 523 14 183 1 690 029 27 269 869 3 329 648 13 054 2 110 714 839 832 2 512 009 966 139 15 526 812 17 363 646 3 128 704 12 195 319 28 552 2 072 843 0.03% 0.02% 0.02% 0.03% 0.00% 0.00% 0.01% 0.18% 0.03% 0.00% 0.01% 0.02% 0.03% 0.02% 0.22% 0.14% 0.02% 0.31% 0.00% 0.04% 0.03% 0.02% 0.02% 0.03% 0.00% 0.00% 0.01% 0.18% 0.03% 0.00% 0.01% 0.02% 0.03% 0.02% 0.22% 0.14% 0.02% 0.31% 0.00% 0.04% 2 260 948 0.05% 0.05% 10 082 0.00% 0.00% 2 167 534 1 892 118 2 799 043 1 619 100 0.02% 0.02% 0.02% 0.03% 0.02% 0.02% 0.02% 0.03% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 11 Government pension fund global ANNUAL REPORT 2010 996 055 7 235 395 1 106 900 Xinjiang Yilite Industry Co Ltd Consumer Goods Xinjiang Zhongtai Chemical Group Co LtdBasic Materials Xinxiang Chemical Fiber Co LtdBasic Materials Xinxing Ductile Iron PipesBasic Materials Xinyu Iron & Steel Co LtdBasic Materials Xishui Strong Year Co Ltd Inner MongoliaIndustrials XJ Electric Co LtdIndustrials Yabao Pharmaceutical Group Co Ltd Health Care Yantai Changyu Pioneer Wine Co Ltd Consumer Goods Yantai Jereh Oilfield Services Group Co LtdOil & Gas Yantai North Andre Juice Co Consumer Goods Yantai Spandex Co LtdBasic Materials Yantai Wanhua Polyurethanes Co LtdBasic Materials Yantai Xinchao Industry CoIndustrials Yanzhou Coal Mining Co LtdBasic Materials YGSOFT IncTechnology Yibin Tianyuan Group Co LtdBasic Materials Yinchuan Xinhua Department Store Co Ltd Consumer Services Yingkou Port Liability Co LtdIndustrials Youngor Group Co Ltd Consumer Goods Your-Mart Co Ltd Consumer Services Yuan Longping High-tech Agriculture Co Ltd Consumer Goods Yuexiu Property Co Ltd Financials Yueyang Paper Co LtdBasic Materials Yueyang Xingchang PetrochemicalBasic Materials Yunnan Aluminium Co LtdBasic Materials Yunnan Baiyao Group Co Ltd Health Care Yunnan Chihong Zinc & Germanium Co LtdBasic Materials Yunnan Copper Industry CoBasic Materials Yunnan Green-Land Biological Technology Co LtdBasic Materials YunNan Metropolitan Real Estate Development Co Ltd Financials Yunnan Salt & Chemical Industry Co Ltd Consumer Goods Yunnan Tin Co LtdBasic Materials Yunnan Wenshan Electric Power Co LtdUtilities Yunnan Yuntianhua Co LtdBasic Materials Yunnan Yunwei Co LtdBasic Materials Zhangzhou Pientzehuang Pharmaceutical Co Ltd Health Care Zhaojin Mining Industry Co LtdBasic Materials Zhe Jiang Kangsheng Co LtdBasic Materials Zhejiang Aishida Electric Co Ltd Consumer Goods Zhejiang Baoxiniao Garment Co Ltd Consumer Goods Zhejiang China Commodities City Group Co Ltd Consumer Services Zhejiang China Light & Textile Industrial City Group Co Ltd Consumer Services Zhejiang Chint Electrics Co LtdIndustrials Zhejiang Conba Pharmaceutical Co Ltd Health Care Zhejiang Dahua Technology Co LtdIndustrials Zhejiang Dun’An Artificial Environment Co LtdIndustrials Zhejiang Expressway Co LtdIndustrials Zhejiang Fuchunjiang Hydropower Equipment Co LtdOil & Gas Zhejiang Guyuelongshan Consumer Goods Zhejiang Hailiang Co LtdBasic Materials Zhejiang Hailide New Material Co LtdBasic Materials Zhejiang Haitong Food Group Co Ltd Consumer Goods Zhejiang Haiyue Co LtdOil & Gas Zhejiang Hangxiao Steel Structure Co LtdIndustrials Zhejiang Hangzhou Xinfu Pharmaceutical Co LtdBasic Materials Zhejiang Hisun Pharmaceutical Co Ltd Health Care Zhejiang Huafeng Spandex Co LtdBasic Materials Zhejiang Huahai Pharmaceutical Co Ltd Health Care ZheJiang Jiaxin Silk Corp Ltd Consumer Goods Zhejiang JinLiHua Electric Co LtdUtilities Zhejiang Juhua CoBasic Materials Zhejiang Longsheng Group Co LtdBasic Materials Zhejiang Medicine Co Ltd Health Care Zhejiang Narada Power Source Co Ltd Consumer Goods Zhejiang NHU Co Ltd Consumer Goods Zhejiang Orient Holdings Co Consumer Goods Zhejiang Runtu Co LtdBasic Materials Zhejiang Shenghua Biok Biology Co LtdBasic Materials Zhejiang Southeast Electric Power CoUtilities Zhejiang Supor Cookware Co Ltd Consumer Goods Zhejiang Tianma Bearing Co LtdIndustrials Zhejiang Transfar Co LtdBasic Materials Zhejiang Wanliyang Transmission Co Ltd Consumer Goods Zhejiang Wanma Cable Co LtdIndustrials Zhejiang Weixing Industrial Development Co Ltd Consumer Goods Zhejiang Weixing New Building Materials Co LtdIndustrials Zhejiang Xinan Chemical Industrial Group Co LtdBasic Materials Zhejiang Yankon Group Co Ltd Consumer Goods Zhejiang Yasha Decoration Co LtdIndustrials Zhejiang Zhongda Group Co Ltd Consumer Goods Ownership 0.03% 0.02% 0.04% 0.07% 0.03% 0.02% 0.01% 0.03% Voting 0.00% 0.02% 0.04% 0.07% 0.03% 0.02% 0.01% 0.03% Market value (NOK) Ownership 3 559 885 655 288 2 992 759 3 031 902 2 338 918 1 679 389 665 813 2 488 895 Sector Voting Tianjin Zhonghuan Semiconductor Joint-Stock Co LtdTechnology Tianjing Global MagneticIndustrials Tianma Microelectronics Co LtdTechnology Tianshui Huatian Technology Co LtdTechnology Tibet Mineral Development CoBasic Materials Tibet Tianlu Co LtdIndustrials Time Publishing and Media Co Ltd Consumer Services Tonghua Dongbao Pharmaceutical Co Ltd Health Care Tonghua Golden-Horse Pharmaceutical Industry Co Ltd Health Care Tongling Nonferrous Metals Group Co LtdBasic Materials Tongwei Co Ltd Consumer Goods TONTEC Technology Investment Group Co LtdIndustrials TOP Energy Co Ltd-AUtilities Travelsky Technology LtdTechnology Tsann Kuen China Enterprise Co Ltd Consumer Goods Tsinghua Tongfang Co LtdTechnology Tsinghua Unisplendour Co LtdTechnology Tsingtao Brewery Co Ltd Consumer Goods Tuopai Yeast Liquor Co Ltd/Sichuan Consumer Goods UFIDA Software Co LtdTechnology V V Food & Beverage Co Ltd Consumer Goods Vtron Technologies LtdIndustrials Wanxiang Qianchao Co Ltd Consumer Goods Weichai Heavy Machinery Co LtdIndustrials Weichai Power Co LtdIndustrials Weifu High-Technology Group Co Ltd Consumer Goods Weihai Huadong Automation Co LtdIndustrials Weiqiao Textile Co Consumer Goods Western Mining Co LtdBasic Materials Wintime Energy Co LtdOil & Gas Wolong Electric Group Co LtdIndustrials Wuhan Department Store Group Co Ltd Consumer Services Wuhan Fingu Electronic Technology Co LtdTechnology Wuhan Guide Infrared Co LtdIndustrials Wuhan Humanwell Healthcare Group Co Ltd Health Care Wuhan Iron & Steel Co LtdBasic Materials Wuhan Kaidi Electric Power Co LtdUtilities Wuhan Sanzhen Industry Holding CoUtilities Wuhan Zhongbai Group Co Ltd Consumer Services Wuhan Zhongyuan Huadian Science & Technology Co LtdIndustrials Wuhu Conch Profiles and Science Co LtdIndustrials Wuhu Port Storage & Transportation Co LtdIndustrials Wuliangye Yibin Co Ltd Consumer Goods Wuxi Commercial Mansion Grand Orient Co Ltd Consumer Services Wuxi Double Elephant Micro Fibre Material Co Ltd Consumer Goods Wuxi Huaguang Boiler Co LtdIndustrials Wuxi Little Swan Co Ltd Consumer Goods Wuxi Taiji Industry Co LtdBasic Materials XCMG Construction Machinery Co LtdIndustrials Xi’ An Aero-Engine PLCIndustrials Xiamen C & D IncIndustrials Xiamen Faratronic Co LtdIndustrials Xiamen International Port Co LtdIndustrials Xiamen International Trade Group CorpIndustrials Xiamen King Long Motor Co Ltd Consumer Goods Xiamen Port Development Co LtdIndustrials Xiamen Tungsten Co LtdBasic Materials Xiamen XGMA Machinery Co LtdIndustrials Xi’an Aircraft International CorpIndustrials Xian Jiefang Group Co Ltd Consumer Services Xi’An Shaangu Power Co LtdIndustrials Xiandai Investment Co LtdIndustrials Xiangtan Electric Manufacturing Co LtdIndustrials Xining Special Steel CoBasic Materials Xinjiang Ba Yi Iron & Steel Co LtdBasic Materials Xinjiang Chalkis Co Ltd Consumer Goods Xinjiang Dushanzi Tianli High & New Tech Co LtdBasic Materials Xinjiang Goldwind Science & Technology Co LtdOil & Gas Xinjiang Guannong Fruit & Antler Group Co Ltd Consumer Goods Xinjiang Hops Co Ltd Consumer Goods Xinjiang Huitong Group Co LtdIndustrials Xinjiang International Industry Co LtdBasic Materials Xinjiang Joinworld Co LtdBasic Materials Xinjiang Qingsong Building Materials and Chemicals Group Co LtdIndustrials Xinjiang Talimu Agriculture Development Co Ltd Consumer Goods Xinjiang Tianfu Thermoelectric Co LtdUtilities Xinjiang Tianshan Cement Co LtdIndustrials Xinjiang Tianye CoBasic Materials Xinjiang Urban Construction Co LtdIndustrials Xinjiang Xinxin Mining Industry Co LtdBasic Materials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.14% 0.15% 0.02% 0.02% 0.02% 0.01% 0.03% 0.03% 0.03% 0.42% 0.39% 0.02% 0.14% 0.15% 0.02% 0.02% 0.02% 0.01% 0.03% 0.03% 0.03% 0.42% 0.39% 0.02% 3 878 584 2 391 123 139 250 621 410 570 381 0.03% 0.03% 0.17% 0.62% 0.03% 0.03% 0.17% 0.62% 34 291 277 3 193 678 11 857 500 103 267 933 2.31% 0.06% 0.08% 1.76% 2.31% 0.06% 0.08% 1.76% 280 843 405 368 597 762 67 675 895 70 517 459 0.21% 0.70% 0.18% 0.64% 0.21% 0.70% 0.18% 0.64% 49 840 803 18 885 211 2 151 004 246 17 497 533 35 131 198 42 326 951 1 143 388 782 391 454 561 41 485 596 326 076 214 1 999 360 739 491 865 418 52 065 109 533 370 525 39 155 329 175 659 333 11 171 787 147 174 790 48 077 155 316 476 474 118 153 474 6 041 621 123 738 200 110 9 979 028 7 605 242 59 138 847 20 859 388 79 226 172 36 382 737 291 482 605 235 344 538 39 969 554 118 554 116 1 736 560 864 159 308 865 0.80% 0.73% 0.81% 0.20% 1.23% 1.39% 0.43% 0.64% 0.44% 1.28% 1.91% 1.82% 2.02% 1.80% 1.27% 1.58% 1.25% 0.68% 0.97% 1.80% 1.60% 0.59% 0.56% 0.02% 0.20% 0.06% 0.59% 1.84% 1.00% 2.48% 1.78% 1.34% 0.69% 4.63% 0.63% 1.46% 0.73% 0.94% 0.71% 1.55% 1.39% 1.28% 1.10% 0.44% 1.28% 1.91% 1.82% 2.02% 1.80% 1.27% 1.58% 1.25% 0.68% 0.97% 1.80% 1.60% 1.53% 1.40% 0.02% 0.20% 0.37% 0.59% 1.84% 1.00% 2.48% 1.78% 1.34% 0.69% 4.63% 0.63% 9 039 246 2 224 346 8 841 087 178 230 180 10 091 386 7 006 668 28 090 290 6 843 020 82 729 304 11 738 847 55 840 507 2 776 230 8 223 934 26 230 095 54 232 153 10 616 474 8 733 730 12 814 857 10 345 051 2 235 578 3 469 988 17 986 447 5 418 118 8 469 459 0.76% 0.50% 0.59% 0.64% 0.23% 0.25% 0.17% 0.53% 0.64% 0.26% 0.68% 0.27% 0.39% 0.28% 0.51% 0.19% 0.32% 0.48% 0.33% 0.25% 0.30% 0.10% 0.63% 0.34% 0.76% 0.50% 0.59% 0.64% 0.23% 0.25% 0.17% 0.53% 0.64% 0.26% 0.68% 0.27% 0.39% 0.28% 0.51% 0.19% 0.32% 0.48% 0.33% 0.25% 0.30% 0.10% 0.63% 0.34% 192 355 278 34 550 118 8 805 735 26 971 411 14 633 854 25 357 312 17 151 352 80 784 614 25 547 837 0.32% 0.01% 0.29% 0.41% 0.20% 0.66% 0.68% 0.47% 0.08% 0.32% 0.16% 0.29% 0.41% 0.20% 0.66% 0.68% 0.47% 0.08% 16 058 781 1.07% 1.07% 10 702 956 194 887 093 235 358 630 81 717 507 59 188 935 339 159 922 31 619 639 99 433 358 733 230 885 22 802 845 37 714 412 157 199 768 138 166 624 287 296 103 735 462 818 271 336 611 41 970 118 16 052 290 653 965 438 95 020 704 209 582 335 4 034 514 012 335 571 944 43 997 521 205 593 267 269 396 502 300 621 913 243 965 854 59 626 454 122 938 385 258 364 133 50 734 177 484 751 946 48 639 552 146 913 653 124 813 209 3 594 264 890 145 027 112 51 073 262 3 918 480 320 151 261 717 77 788 708 589 786 127 335 747 259 0.22% 1.97% 0.52% 1.39% 1.30% 1.61% 0.63% 3.42% 0.47% 0.93% 0.43% 1.84% 0.97% 0.27% 0.38% 1.82% 0.94% 0.40% 1.33% 0.47% 0.88% 1.78% 1.23% 0.17% 0.15% 1.36% 1.82% 0.59% 1.41% 1.47% 1.35% 1.54% 0.55% 0.24% 1.75% 0.16% 2.52% 1.82% 0.90% 7.31% 1.91% 1.67% 1.34% 1.81% 0.22% 1.97% 1.20% 1.39% 1.30% 1.61% 0.63% 3.42% 0.47% 0.93% 1.25% 1.84% 0.97% 1.07% 0.87% 1.82% 0.94% 0.40% 1.33% 1.46% 0.88% 1.78% 1.23% 1.17% 1.14% 1.36% 1.82% 1.09% 1.41% 1.47% 1.35% 1.54% 0.55% 0.24% 1.75% 0.79% 7.60% 1.82% 0.90% 7.31% 1.91% 1.67% 1.34% 1.81% 1 065 058 725 292 235 580 291 609 146 2 753 881 552 705 121 924 1 761 158 643 88 829 065 62 878 416 46 671 009 8 461 705 1 014 528 026 17 112 381 398 697 954 4 449 518 860 74 523 588 194 761 850 8 440 249 042 20 314 409 12 659 789 39 524 669 288 791 387 10 802 690 898 107 161 52 450 579 433 477 889 63 724 993 739 298 456 3 506 555 982 389 892 205 220 153 598 2 144 079 458 2 865 138 922 471 850 941 759 635 264 1.58% 0.64% 0.91% 1.31% 1.68% 2.14% 1.45% 1.73% 0.69% 0.01% 3.60% 0.80% 1.84% 1.98% 0.69% 0.86% 1.90% 0.43% 0.04% 0.89% 1.74% 0.20% 0.74% 1.63% 0.58% 1.28% 1.74% 2.15% 0.62% 1.41% 1.42% 1.80% 1.68% 0.80% 1.80% 0.64% 0.91% 1.32% 1.79% 2.14% 1.45% 1.73% 0.69% 0.01% 3.94% 0.80% 1.84% 1.98% 0.69% 0.86% 1.90% 0.43% 0.04% 0.89% 1.74% 0.20% 1.00% 1.63% 0.90% 1.28% 1.74% 2.15% 0.62% 1.41% 1.42% 1.80% 1.75% 1.03% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 12 Government pension fund global ANNUAL REPORT 2010 36 659 283 14 883 131 1 218 748 9 894 063 2 411 782 1 164 295 843 521 1 072 252 1 793 630 104 597 112 19 400 354 1 285 905 Orascom Construction IndustriesIndustrials Orascom Telecom Holding SAETelecommunications Oriental Weavers Consumer Goods Palm Hills Developments SAE Financials Sidi Kerir Petrochemcials CoBasic Materials Six of October Development & Investment Financials South Valley CementIndustrials Talaat Moustafa Group Financials Telecom EgyptTelecommunications Faeroe Islands BankNordik P/F Financials Finland Alma Media OYJ Consumer Services Amer Sports OYJ Consumer Goods Cargotec OyjIndustrials Citycon OYJ Financials Cramo OYJIndustrials Elisa OYJTelecommunications Finnair OYJ Consumer Services Finnlines OYJIndustrials Fortum OYJUtilities F-Secure OYJTechnology HKScan OYJ Consumer Goods Huhtamaki OYJIndustrials Kemira OYJBasic Materials Kesko OYJ Consumer Services Kone OYJIndustrials Konecranes OYJIndustrials Lassila & Tikanoja OYJIndustrials Lemminkainen OYJIndustrials Metso OYJIndustrials M-real OYJBasic Materials Neste Oil OYJOil & Gas Nokia OYJTechnology Nokian Renkaat OYJ Consumer Goods Oriola-KD OYJ Health Care Orion OYJ Health Care Outokumpu OYJBasic Materials Outotec OYJIndustrials Pohjola Bank PLC Financials Poyry OYJIndustrials Ramirent OYJIndustrials Rautaruukki OYJBasic Materials Ruukki Group OYJIndustrials Sampo OYJ Financials Sanoma OYJ Consumer Services Sponda OYJ Financials Stockmann OYJ Abp Consumer Services Stora Enso OYJBasic Materials Tieto OYJTechnology Tikkurila OyjIndustrials UPM-Kymmene OYJBasic Materials Uponor OYJIndustrials Vacon PLCIndustrials Wartsila OYJIndustrials YIT OYJIndustrials France Accor SA Consumer Services Aeroports de ParisIndustrials Air France-KLM Consumer Services Air Liquide SABasic Materials Alcatel-Lucent/FranceTechnology Alstom SAIndustrials Alten LtdTechnology Altran Technologies SATechnology April Group Financials Areva SAUtilities Arkema SABasic Materials AssystemIndustrials Atos Origin SATechnology AXA SA Financials Beneteau SA Consumer Goods BioMerieux Health Care BNP Paribas Financials Boiron SA Health Care BolloreIndustrials Bonduelle S.C.A. Consumer Goods Bourbon SAOil & Gas Boursorama Financials Bouygues SAIndustrials BullTechnology Bureau Veritas SAIndustrials Canal + Consumer Services Cap Gemini SATechnology Carrefour SA Consumer Services Casino Guichard Perrachon SA Consumer Services CFAO SAIndustrials Christian Dior SA Consumer Goods Cie de St-GobainIndustrials Cie Generale de Geophysique - VeritasOil & Gas Cie Generale des Etablissements Michelin Consumer Goods Ownership 0.02% Voting 0.02% Market value (NOK) Ownership 1 188 361 Sector Voting Zhengzhou Coal Industry & Electric Power Co LtdBasic Materials Zhengzhou Coal Mining Machinery Group Co LtdIndustrials Zhengzhou Yutong Bus Co Ltd Consumer Goods Zhongchu Development Stock Co LtdIndustrials Zhongjin Gold Co LtdBasic Materials Zhongshan Broad Ocean Motor Co LtdIndustrials Zhongshan Public Utilities Group Co LtdUtilities Zhongyuan Environment-Protection Co LtdIndustrials Zhuhai Port Co LtdIndustrials Zhuhai Zhongfu Enterprise Co LtdIndustrials Zhuzhou CSR Times Electric Co LtdIndustrials Zhuzhou Qianjin Pharmaceutical Co Ltd Health Care Zhuzhou Smelter Group Co LtdBasic Materials Zhuzhou Times New Material Technology Co LtdBasic Materials Zibo Qixiang Tengda Chemical Co LtdBasic Materials Zijin Mining Group Co LtdBasic Materials ZTE CorpTechnology Cyprus Agroton Public Ltd Consumer Goods Avangardco Investments Public Ltd Consumer Goods Globaltrans Investment PLCIndustrials Mriya Agro Holding PLC Consumer Goods Czech Republic CEZ ASUtilities Komercni Banka AS Financials Telefonica O2 Czech Republic ASTelecommunications Unipetrol ASOil & Gas Denmark ALK-Abello A/S Health Care Alm Brand A/S Financials AP Moller - Maersk A/SIndustrials Auriga IndustriesBasic Materials Bang & Olufsen A/S Consumer Goods Bavarian Nordic A/S Health Care Carlsberg A/S Consumer Goods Coloplast A/S Health Care D/S NordenIndustrials Danisco A/S Consumer Goods Danske Bank A/S Financials DSV A/SIndustrials East Asiatic Co Ltd A/S Consumer Goods FLSmidth & Co A/SIndustrials Genmab A/S Health Care GN Store Nord A/S Health Care Gronlandsbanken Financials H Lundbeck A/S Health Care IC Companys A/S Consumer Goods Jyske Bank A/S Financials NKT Holding A/SIndustrials Novo Nordisk A/S Health Care Novozymes A/S Health Care Pandora A/S Consumer Goods Ringkjoebing Landbobank A/S Financials Rockwool International A/SIndustrials Schouw & CoIndustrials SimCorp A/STechnology Spar Nord Bank A/S Financials Sydbank A/S Financials Topdanmark A/S Financials Torm A/SIndustrials Tryg A/S Financials Vestas Wind Systems A/SOil & Gas William Demant Holding A/S Health Care Egypt Arab Cotton Ginning Consumer Goods Asek Co for MiningBasic Materials Canal Shipping Agencies CoIndustrials Commercial International Bank Egypt SAE Financials Credit Agricole Egypt SAE Financials Delta Sugar Co Consumer Goods Egyptian Co for Mobile ServicesTelecommunications Egyptian Financial & Industrial CoBasic Materials Egyptian Financial Group-Hermes Holding Financials Egyptian Iron & Steel CoBasic Materials Egyptian Kuwaiti Holding Co Financials Egyptian Media Production City Consumer Services Egyptian Resorts Co Consumer Services ElSwedy Electric CoIndustrials Ezz SteelBasic Materials Ghabbour Auto Consumer Goods Heliopolis Housing Financials Housing & Development Bank Financials Medinet Nasr Housing Financials Naeem Holding Financials National Development Bank/Egypt Financials National Societe Generale Bank SAE Financials Nile Cotton Ginning Consumer Goods Olympic Group Financial Investments Consumer Goods Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 SCOR SE Financials SEB SA Consumer Goods Seche Environnement SAIndustrials Sechilienne-SidecUtilities SeLoger.com Consumer Services SequanaBasic Materials SES SA Consumer Services Societe BIC SA Consumer Goods Societe de la Tour Eiffel Financials Societe Fonciere Financiere et de Participations FFP Financials Societe Generale Financials Societe Immobiliere de Location pour l’Industrie et le Commerce Financials Societe Television Francaise 1 Consumer Services Sodexo Consumer Services SOITECTechnology Sopra Group SATechnology Spir Communication Consumer Services Stallergenes SA Health Care STMicroelectronics NVTechnology Suez Environnement CoUtilities Technicolor Consumer Services Technip SAOil & Gas Teleperformance Consumer Services Thales SAIndustrials Theolia SAUtilities Total SAOil & Gas Trigano SA Consumer Goods UBISOFT Entertainment Consumer Goods Unibail-Rodamco SE Financials Union Financiere de France BQE SA Financials Valeo SA Consumer Goods Vallourec SAIndustrials Veolia Environnement SAUtilities Vilmorin & Cie Consumer Goods Vinci SAIndustrials Virbac SA Health Care Vivendi SA Consumer Services Wendel Financials Zodiac AerospaceIndustrials Germany Adidas AG Consumer Goods Air Berlin PLC Consumer Services Aixtron SETechnology Allianz SE Financials Alstria Office REIT-AG Financials Asian Bamboo AGBasic Materials Aurubis AGBasic Materials Axel Springer AG Consumer Services BASF SEBasic Materials Bauer AGIndustrials Bayer AGBasic Materials Bayerische Motoren Werke AG Consumer Goods BayWa AG Consumer Goods Bechtle AGTechnology Beiersdorf AG Consumer Goods Bilfinger Berger SEIndustrials Brenntag AGBasic Materials Carl Zeiss Meditec AG Health Care CAT Oil AGOil & Gas Celesio AG Consumer Services Centrotherm Photovoltaics AGOil & Gas Comdirect Bank AG Financials Commerzbank AG Financials Conergy AGOil & Gas Constantin Medien AG Consumer Services Continental AG Consumer Goods CropEnergies AGOil & Gas CTS Eventim AGIndustrials DAB Bank AG Financials Daimler AG Consumer Goods Delticom AG Consumer Goods Demag Cranes AGIndustrials Deutsche Bank AG Financials Deutsche Beteiligungs AG Financials Deutsche Boerse AG Financials Deutsche Euroshop AG Financials Deutsche Lufthansa AG Consumer Services Deutsche Post AGIndustrials Deutsche Telekom AGTelecommunications Deutsche Wohnen AG Financials Deutz AGIndustrials Dialog Semiconductor PLCTechnology DIC Asset AG Financials Douglas Holding AG Consumer Services Draegerwerk AG & Co KGaA Health Care Duerr AGIndustrials E.ON AGUtilities ElringKlinger AG Consumer Goods Elster Group SEIndustrials Market value (NOK) 370 818 409 279 734 168 25 427 559 88 399 022 55 105 127 34 823 575 613 459 176 333 252 835 44 474 051 1.33% 0.61% 0.64% 2.10% 1.20% 0.77% 0.88% 0.92% 1.76% 1.33% 0.92% 0.64% 2.10% 1.20% 0.77% 0.88% 1.36% 1.76% 28 090 976 4 541 044 843 0.28% 1.94% 0.28% 1.94% 185 812 028 159 641 377 869 760 024 108 464 762 26 443 651 3 606 922 95 716 703 735 918 202 937 644 916 47 506 250 1 135 708 893 215 158 567 319 917 218 14 180 539 11 582 050 175 14 842 677 123 744 963 1 282 666 989 7 952 082 475 337 406 1 257 406 167 1 479 130 722 86 825 344 2 647 985 333 80 664 905 3 631 312 617 250 010 004 345 079 302 1.48% 0.74% 1.06% 1.97% 0.50% 0.33% 1.57% 1.34% 1.59% 0.98% 1.82% 1.78% 0.79% 1.54% 1.45% 0.38% 2.10% 0.00% 0.23% 1.84% 1.74% 1.73% 0.76% 1.51% 0.62% 1.86% 0.92% 1.40% 1.48% 0.74% 1.38% 1.97% 0.50% 0.33% 1.57% 1.34% 1.59% 2.15% 1.92% 1.93% 0.79% 1.54% 1.59% 0.38% 2.10% 0.00% 0.23% 1.84% 1.74% 1.74% 0.76% 1.51% 0.91% 1.86% 0.92% 1.40% 1 463 777 575 29 979 274 710 909 108 5 486 009 700 34 920 500 235 486 941 259 014 522 286 486 481 8 881 531 708 73 247 796 6 854 629 748 2 012 882 288 92 438 496 67 466 991 183 141 201 311 467 815 204 884 850 33 239 315 24 356 694 185 267 279 37 537 933 20 922 642 572 705 536 23 273 410 9 409 714 727 894 109 9 226 143 74 424 369 6 390 220 7 595 987 113 33 680 944 84 228 674 5 254 114 915 29 079 429 1 530 064 372 228 835 578 527 910 675 1 578 716 059 4 868 478 980 125 078 259 105 923 218 156 921 753 33 856 948 232 359 019 63 410 264 20 046 856 5 401 630 250 168 046 041 157 721 798 1.84% 1.22% 3.26% 1.74% 0.69% 4.96% 1.84% 0.91% 2.08% 1.55% 1.92% 0.33% 0.99% 1.42% 0.22% 1.37% 0.67% 0.37% 0.84% 0.75% 0.84% 0.26% 1.12% 1.51% 0.81% 0.79% 0.25% 0.86% 0.26% 1.80% 0.55% 1.41% 1.85% 1.30% 1.94% 1.96% 0.90% 1.32% 1.48% 1.88% 1.80% 1.82% 1.33% 1.80% 0.34% 0.62% 1.51% 1.28% 1.42% 1.84% 1.22% 3.26% 1.74% 0.69% 4.96% 1.84% 0.91% 2.08% 1.55% 1.92% 0.86% 0.99% 1.42% 0.22% 1.37% 0.67% 0.37% 0.84% 0.75% 0.84% 0.26% 1.12% 1.51% 0.81% 0.79% 0.24% 0.86% 0.26% 1.80% 0.55% 1.41% 1.85% 1.30% 1.94% 1.96% 0.90% 1.32% 1.48% 1.88% 1.80% 1.82% 1.33% 1.80% 0.84% 0.62% 1.51% 1.28% 1.42% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 13 Government pension fund global ANNUAL REPORT 2010 1.70% 0.53% 2.98% 0.30% 0.00% 0.50% 1.55% 0.91% 0.65% 1.54% 1.84% 1.10% 0.95% 1.34% 0.72% 0.24% 1.78% 0.00% 0.54% 0.95% 0.44% 1.10% 2.12% 0.91% 1.21% 0.50% 0.86% 0.99% 1.20% 1.18% 0.55% 1.85% 0.79% 0.44% 4.14% 1.45% 0.30% 1.99% 1.84% 0.73% 0.72% 0.34% 0.75% 1.04% 0.98% 0.43% 1.42% 0.24% 0.92% 1.34% 1.27% 0.44% 1.02% 0.55% 1.02% 1.14% 0.40% 0.79% 0.33% 0.71% 0.93% 1.57% 1.42% 0.37% 1.80% 2.08% 1.08% 2.61% 0.32% 0.83% 0.35% 1.00% 1.94% 1.02% 1.13% 0.94% 0.80% 1.40% 0.88% 0.57% 1.43% 0.79% 2.48% 0.56% 1.76% 1.76% 0.59% 1.97% 1.72% 1.56% Sector Ownership Voting 1.56% 0.29% 2.89% 0.30% 0.00% 0.50% 1.45% 0.69% 0.65% 1.54% 1.84% 1.10% 0.95% 1.34% 0.72% 0.24% 1.78% 0.00% 0.54% 0.95% 0.44% 1.10% 2.12% 0.91% 1.21% 0.50% 0.86% 0.99% 1.20% 1.18% 0.55% 1.85% 0.79% 0.44% 4.13% 1.45% 0.30% 1.99% 1.84% 0.46% 0.72% 0.34% 0.75% 1.04% 0.98% 0.25% 1.09% 0.24% 0.82% 1.04% 0.98% 0.44% 0.72% 0.55% 1.02% 1.14% 0.40% 0.79% 0.33% 0.71% 0.93% 1.57% 1.42% 0.37% 1.80% 2.04% 1.08% 2.61% 0.18% 0.83% 0.35% 1.00% 1.94% 1.02% 1.13% 0.94% 0.80% 1.02% 0.88% 0.57% 1.43% 0.79% 2.48% 0.56% 1.76% 1.76% 0.59% 1.97% 1.43% 1.47% Ownership 1 349 548 405 109 676 116 108 498 791 186 079 180 77 887 887 523 186 3 681 868 737 477 617 911 39 572 093 106 566 994 572 791 243 211 590 061 4 197 728 525 310 351 291 383 606 255 23 712 419 177 421 581 9 562 097 134 912 048 238 231 362 5 496 540 65 476 775 997 451 818 63 310 641 225 998 964 36 009 485 259 264 281 3 178 420 625 38 255 668 5 565 451 297 219 749 184 404 519 402 10 051 885 15 596 326 1 133 571 206 65 927 713 4 642 361 56 173 075 240 593 923 944 777 626 220 406 173 119 426 587 220 539 096 25 422 708 106 053 472 63 968 396 133 888 262 96 757 617 367 235 626 1 404 494 220 399 228 189 16 237 440 635 555 024 23 301 919 3 969 501 149 5 360 139 792 6 660 889 40 235 016 17 235 362 20 625 183 187 164 407 83 712 003 258 491 260 292 233 519 291 307 617 272 333 181 149 435 510 32 450 053 16 813 884 87 191 354 51 739 739 24 031 803 2 817 390 895 527 744 301 46 799 931 68 312 951 4 255 834 1 646 496 247 510 036 389 63 406 828 17 453 352 159 203 983 2 482 869 375 183 528 336 355 974 210 168 427 260 129 329 327 106 494 089 8 395 906 629 3 699 403 968 Voting Cie Generale d’Optique Essilor International SA Health Care Ciments Francais SAIndustrials Club Mediterranee Consumer Services CNP Assurances Financials Credit Agricole Nord de France Financials Credit Agricole SA Financials Danone Consumer Goods Dassault Systemes SATechnology Delachaux SAIndustrials Derichebourg SAIndustrials EdenredIndustrials EDF Energies Nouvelles SAUtilities EDF SAUtilities Eiffage SAIndustrials ErametBasic Materials Esso SA FrancaiseOil & Gas Etablissements Maurel et PromOil & Gas Etam Developpement SA Consumer Services Euler Hermes SA Financials Eurazeo Financials Euro Disney SCA Consumer Services Eurofins Scientific Health Care Eutelsat Communications Consumer Services Faiveley TransportIndustrials Faurecia Consumer Goods Fimalac Financials Fonciere Des Regions Financials France Telecom SATelecommunications GameLoft SA Consumer Goods GDF SuezUtilities Gecina SA Financials Gemalto NVIndustrials GFI InformatiqueTechnology GL EventsIndustrials Groupe Eurotunnel SAIndustrials Groupe Steria SCATechnology Guerbet Health Care Haulotte Group SAIndustrials Havas SA Consumer Services Hermes International Consumer Goods ICADE Financials Iliad SATechnology Imerys SABasic Materials IMS-Intl Metal ServiceBasic Materials IngenicoIndustrials Ipsen SA Health Care IPSOS Consumer Services JCDecaux SA Consumer Services Klepierre Financials Lafarge SAIndustrials Lagardere SCA Consumer Services Laurent-Perrier Consumer Goods Legrand SAIndustrials LISI Consumer Goods L’Oreal SA Consumer Goods LVMH Moet Hennessy Louis Vuitton SA Consumer Goods Maisons France Confort Consumer Goods Manitou BF SAIndustrials Medica SA Health Care Meetic Consumer Services Mercialys SA Financials MersenIndustrials Metropole Television SA Consumer Services Natixis Financials Neopost SATechnology Nexans SAIndustrials Nexity SA Financials NicOx SA Health Care NRJ Group Consumer Services Orpea Health Care PagesJaunes Groupe Consumer Services Parrot SATechnology Pernod-Ricard SA Consumer Goods Peugeot SA Consumer Goods Pierre & Vacances Consumer Services Plastic Omnium SA Consumer Goods PoweoUtilities PPR Consumer Services Publicis Groupe SA Consumer Services Rallye SA Consumer Services Recylex SABasic Materials Remy Cointreau SA Consumer Goods Renault SA Consumer Goods Rexel SAIndustrials Rhodia SABasic Materials RubisUtilities Sa des Ciments VicatIndustrials Saft Groupe SAIndustrials Sanofi-Aventis SA Health Care Schneider Electric SAIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 74 117 965 877 285 119 215 364 635 33 673 647 405 674 655 48 185 568 109 979 576 109 237 625 163 346 625 29 116 540 1 794 211 918 370 201 405 4 871 192 920 270 267 566 11 708 284 975 30 782 556 62 515 870 134 015 008 309 520 818 338 837 256 44 733 696 124 296 297 206 159 983 262 380 922 172 141 755 345 280 179 12 724 510 3 992 019 2 157 434 361 277 780 630 374 395 135 214 726 254 3 585 177 224 168 985 741 625 672 114 2.06% 0.00% 0.74% 1.15% 1.53% 1.37% 0.75% 0.61% 0.92% 1.87% 0.88% 1.37% 1.34% 1.96% 1.77% 2.14% 0.86% 1.43% 1.65% 1.38% 2.29% 1.91% 1.77% 2.99% 0.59% 1.83% 0.23% 0.34% 1.74% 1.37% 1.82% 0.94% 0.18% 1.53% 1.18% 2.06% 2.29% 0.74% 0.98% 1.53% 1.37% 0.75% 0.61% 0.92% 1.87% 0.82% 1.37% 1.34% 1.96% 1.77% 2.14% 0.96% 1.43% 1.65% 1.38% 2.29% 1.91% 1.77% 2.99% 0.59% 1.83% 0.23% 0.34% 1.74% 1.37% 1.82% 0.94% 0.83% 1.53% 1.18% 294 766 154 120 146 708 117 746 645 1.87% 1.48% 1.55% 1.87% 1.48% 1.55% 19 419 895 0.37% 0.37% 11 827 770 307 603 183 9 547 068 312 669 203 1.19% 1.94% 0.25% 0.57% 1.19% 1.94% 0.25% 0.57% 82 298 243 071 246 56 582 426 10 494 390 65 137 555 27 442 837 34 776 824 0.01% 1.54% 1.22% 0.22% 1.38% 1.23% 1.11% 0.01% 1.54% 1.22% 0.22% 1.38% 1.23% 1.11% 26 870 180 4 442 115 1.22% 0.19% 1.22% 0.19% 49 523 238 85 550 489 424 027 177 1.98% 0.61% 1.81% 1.98% 0.61% 1.81% 46 854 434 59 960 253 4 831 911 55 267 902 26 701 163 56 489 186 49 643 237 664 586 286 418 995 744 148 943 363 186 954 177 610 969 16 118 633 14 512 224 125 446 105 45 805 958 45 515 215 1.52% 1.20% 2.26% 1.31% 0.70% 0.87% 1.23% 1.47% 1.30% 1.56% 0.01% 0.91% 1.80% 0.77% 1.16% 0.70% 0.72% 1.52% 1.20% 2.26% 1.31% 0.70% 0.87% 1.23% 1.47% 1.30% 1.56% 0.01% 0.91% 1.80% 0.77% 1.16% 0.70% 0.72% 7 256 567 8 372 318 9 737 370 111 982 573 24 879 327 0.00% 2.50% 0.96% 3.72% 2.53% 0.00% 2.50% 0.96% 3.72% 2.53% 133 823 577 22 958 651 861 177 386 16 581 305 14 748 812 7 323 898 37 673 188 5 547 021 2 345 919 17 976 468 169 407 574 33 415 697 86 181 438 224 963 357 242 555 541 22 947 465 18 266 452 15 622 521 145 425 977 22 036 174 88 234 020 17 681 285 10 085 741 1 144 009 737 625 982 111 525 101 11 342 015 23 822 400 5 386 441 57 333 940 17 200 909 1.55% 0.08% 0.44% 0.16% 0.03% 0.16% 0.16% 0.22% 0.16% 0.06% 0.34% 0.54% 0.87% 0.27% 0.12% 0.13% 0.09% 0.23% 2.90% 0.27% 0.14% 0.10% 0.07% 0.05% 0.36% 0.19% 0.43% 0.55% 0.23% 0.40% 0.15% 1.55% 0.08% 0.44% 0.16% 0.03% 0.16% 0.16% 0.22% 0.16% 0.06% 0.34% 0.54% 0.87% 0.27% 0.12% 0.13% 0.09% 0.23% 2.90% 0.27% 0.14% 0.10% 0.07% 0.05% 0.36% 0.19% 0.43% 0.55% 0.23% 0.40% 0.15% 5 805 570 1 009 801 0.32% 0.02% 0.32% 0.02% 696 583 737 30 708 236 59 799 894 545 897 397 220 231 651 5.63% 0.52% 1.44% 2.04% 3.19% 5.63% 0.52% 1.44% 2.04% 3.19% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 14 Government pension fund global ANNUAL REPORT 2010 0.72% 1.01% 1.30% 1.24% 1.61% 0.89% 1.21% 0.14% 1.07% 0.52% 1.99% 0.37% 1.16% 0.69% 0.17% 2.87% 1.46% 1.28% 1.37% 0.49% 0.70% 1.77% 1.53% 1.32% 0.94% 0.94% 4.19% 0.14% 6.97% 1.89% 0.91% 0.01% 1.81% 0.32% 2.00% 1.91% 1.59% 1.51% 2.00% 0.95% 0.50% 1.08% 1.41% 1.55% 1.38% 1.26% 0.02% 2.90% 0.73% 1.67% 0.63% 2.42% 0.73% Ownership 245 002 590 0.72% 79 596 202 1.01% 1 322 451 733 1.32% 997 231 839 0.71% 308 698 206 1.81% 105 447 824 0.89% 375 100 060 1.21% 52 444 860 0.14% 70 628 653 1.07% 54 532 390 0.52% 118 007 253 1.99% 15 108 386 0.37% 57 083 003 1.16% 136 068 255 0.69% 63 370 052 0.17% 1 969 676 236 2.87% 97 793 111 1.46% 1 860 333 823 1.09% 521 309 177 1.37% 153 097 304 0.02% 24 093 484 0.70% 1 046 071 511 1.77% 96 946 945 1.53% 31 725 772 1.32% 73 584 240 0.00% 790 752 454 0.94% 1 025 969 353 4.19% 2 526 755 0.14% 759 051 754 6.97% 65 412 176 1.89% 105 552 104 0.91% 485 598 79 664 586 1.81% 24 309 270 0.32% 768 179 451 2.00% 145 587 829 1.91% 2 383 931 338 1.59% 1 537 682 058 1.57% 35 105 494 2.00% 44 737 776 0.95% 509 216 864 0.50% 1 484 409 086 1.09% 90 098 438 1.41% 50 835 230 1.55% 282 583 462 1.38% 2 097 520 148 1.26% 3 499 669 0.02% 83 265 074 2.90% 11 381 192 0.73% 113 358 715 1.67% 7 039 104 0.63% 32 998 400 2.42% 591 188 201 0.00% Wincor Nixdorf AGTechnology Wirecard AGIndustrials Aareal Bank AG Financials Greece Agricultural Bank of Greece Financials Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products Health Care Alpha Bank AE Financials Athens Water Supply & Sewage Co SA/TheUtilities Coca Cola Hellenic Bottling Co SA Consumer Goods Diagnostic & Therapeutic Center of Athens Hygeia SA Health Care EFG Eurobank Ergasias SA Financials Ellaktor SAIndustrials Folli Follie Group Consumer Services Folli-Follie SA Consumer Goods Fourlis Holdings SA Consumer Goods Frigoglass SAIndustrials GEK Terna Holding Real Estate Construction SAIndustrials Geniki Bank Financials Hellenic Exchanges SA Holding Clearing Settlement and Registry Financials Hellenic Petroleum SAOil & Gas Hellenic Telecommunications Organization SATelecommunications Intralot SA-Integrated Lottery Systems & Services Consumer Services JUMBO SA Consumer Goods Kleemann Hellas SAIndustrials Marfin Investment Group SA Financials Metka SAIndustrials Motor Oil Hellas Corinth Refineries SAOil & Gas Mytilineos Holdings SABasic Materials National Bank of Greece SA Financials OPAP SA Consumer Services Piraeus Bank SA Financials Piraeus Port AuthorityIndustrials Public Power Corp SAUtilities Sarantis SA Consumer Goods Sidenor Steel Products Manufacturing Co SABasic Materials Titan Cement Co SAIndustrials TT Hellenic Postbank SA Financials ViohalcoIndustrials Guernsey C. I. AEA Technology Group PLCIndustrials Central Rand Gold LtdBasic Materials Juridica Investments Ltd Financials Raven Russia Ltd Financials SKIL Ports & Logistics LtdIndustrials Hong Kong 361 Degrees International Ltd Consumer Goods Agile Property Holdings Ltd Financials AIA Group Ltd Financials Ajisen China Holdings Ltd Consumer Services Alibaba.com LtdTechnology AMVIG Holdings LtdIndustrials Anta Sports Products Ltd Consumer Goods Apac Resources Ltd Consumer Goods Asia Standard International Group Financials ASM Pacific Technology LtdTechnology Bank of East Asia Ltd Financials BaWang International Group Holding Ltd Consumer Goods Beijing Enterprises Water Group LtdUtilities Belle International Holdings Ltd Consumer Goods BOC Hong Kong Holdings Ltd Financials Bosideng International Holdings Ltd Consumer Goods Brightoil Petroleum Holdings LtdOil & Gas BYD Electronic International Co LtdIndustrials C C Land Holdings LtdIndustrials Cafe de Coral Holdings Ltd Consumer Services Cathay Pacific Airways Ltd Consumer Services Champion REIT Financials Chaoda Modern Agriculture Holdings Ltd Consumer Goods Chen Hsong HoldingsIndustrials Cheung Kong Holdings Ltd Financials Cheung Kong Infrastructure Holdings LtdIndustrials China Aerospace International Holdings LtdIndustrials China Automation Group LtdIndustrials China Daye Non-Ferrous Metals Mining Ltd Financials China Dongxiang Group Co Consumer Services China Gas Holdings LtdOil & Gas China Grand Forestry Green Resources Group LtdBasic Materials China Green Holdings Ltd/Bermuda Consumer Goods China High Speed Transmission Equipment Group Co LtdOil & Gas China Huiyuan Juice Group Ltd Consumer Goods China Lumena New Materials CorpBasic Materials China Mengniu Dairy Co Ltd Consumer Goods China Metal Recycling Holdings LtdIndustrials Voting 0.59% Market value (NOK) Ownership 0.59% 136 518 665 Sector Voting Fielmann AG Consumer Services Fraport AG Frankfurt Airport Services WorldwideIndustrials Freenet AGTelecommunications Fresenius Medical Care AG & Co KGaA Health Care Fresenius SE & Co KGaA Health Care Fuchs Petrolub AGBasic Materials GAGFAH SA Financials GEA Group AGIndustrials Generali Deutschland Holding AG Financials Gerry Weber International AG Consumer Goods GFK SE Consumer Services Gildemeister AGIndustrials Grenkeleasing AGIndustrials H&R WASAG AGBasic Materials Hamburger Hafen und Logistik AGIndustrials Hannover Rueckversicherung AG Financials HeidelbergCement AGIndustrials Heidelberger Druckmaschinen AGIndustrials Henkel AG & Co KGaA Consumer Goods Hochtief AGIndustrials Hugo Boss AG Consumer Goods Indus Holding AGIndustrials Infineon Technologies AGTechnology IVG Immobilien AG Financials Jenoptik AGIndustrials Jungheinrich AGIndustrials K+S AGBasic Materials Kabel Deutschland Holding AG Consumer Services KHD Humboldt Wedag International AGIndustrials Kloeckner & Co SEBasic Materials Kontron AGIndustrials Krones AGIndustrials KSB AGIndustrials KUKA AGIndustrials KWS Saat AG Consumer Goods Lanxess AGBasic Materials Leoni AGIndustrials Linde AGBasic Materials MAN SEIndustrials Manz Automation AGOil & Gas Medion AGIndustrials Merck KGaA Health Care Metro AG Consumer Services MLP AG Financials Morphosys AG Health Care MTU Aero Engines Holding AGIndustrials Muenchener Rueckversicherungs AG Financials MVV Energie AGUtilities Nordex SEOil & Gas Patrizia Immobilien AG Financials Pfeiffer Vacuum Technology AGIndustrials Pfleiderer AGIndustrials Phoenix Solar AGOil & Gas Porsche Automobil Holding SE Consumer Goods Praktiker Bau- und Heimwerkermaerkte Holding AG Consumer Services ProSiebenSat.1 Media AG Consumer Services Puma AG Rudolf Dassler Sport Consumer Goods Q-Cells SEOil & Gas QIAGEN NV Health Care QSC AGTechnology Rational AGIndustrials Rheinmetall AG Consumer Goods Rhoen Klinikum AG Health Care Roth & Rau AGIndustrials RWE AGUtilities Salzgitter AGBasic Materials SAP AGTechnology SGL Carbon SEIndustrials Siemens AGIndustrials Singulus Technologies AGIndustrials Sixt AG Consumer Services Sky Deutschland AG Consumer Services SMA Solar Technology AGOil & Gas Software AGTechnology Solar Millennium AGOil & Gas Solarworld AGOil & Gas Stada Arzneimittel AG Health Care Stroer Out-of-Home Media AG Consumer Services Suedzucker AG Consumer Goods Symrise AGBasic Materials Takkt AG Consumer Services Telegate AGIndustrials ThyssenKrupp AGIndustrials Tognum AGIndustrials TUI AG Consumer Services United Internet AGTechnology Volkswagen AG Consumer Goods Vossloh AGIndustrials Wacker Chemie AGBasic Materials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.54% 0.32% 2.10% 0.54% 0.32% 2.10% 26 397 221 88 664 141 288 343 988 460 744 7 484 956 55 822 381 177 232 661 15 955 354 51 115 498 4 642 058 7 871 321 303 377 453 112 905 11 937 363 28 770 514 22 472 478 17 180 289 24 386 813 123 020 547 8 355 139 2 033 030 44 425 665 166 124 143 2 296 952 3 040 668 30 504 511 2 220 124 2 241 180 3 048 401 926 737 8 042 410 23 174 473 293 395 657 181 996 505 22 131 087 561 147 34 583 632 38 418 205 181 321 615 101 192 019 33 516 393 17 008 341 269 415 914 37 733 439 8 472 946 19 433 191 217 084 885 167 221 234 177 567 475 307 439 435 1 504 506 21 572 274 119 620 898 17 392 758 268 189 995 1 404 977 4 015 912 7 497 566 192 889 554 2 059 126 493 629 416 31 683 581 152 714 196 236 594 221 525 691 13 580 429 56 301 093 9 076 339 284 869 567 12 277 455 0.16% 1.19% 9.15% 0.01% 0.10% 0.16% 1.01% 0.09% 0.53% 0.21% 0.10% 0.27% 0.01% 0.14% 0.08% 0.20% 0.14% 0.22% 1.38% 0.48% 0.02% 0.24% 0.47% 0.19% 0.10% 0.15% 0.01% 0.01% 0.10% 0.01% 0.04% 0.09% 0.89% 0.96% 0.44% 0.02% 0.12% 2.06% 4.07% 0.29% 0.30% 0.16% 4.20% 0.15% 0.24% 0.13% 2.24% 0.32% 0.15% 0.17% 0.09% 0.03% 0.19% 0.11% 4.08% 0.01% 0.11% 0.18% 0.20% 0.01% 0.35% 0.21% 0.01% 0.25% 0.23% 0.10% 0.35% 0.08% 0.96% 0.17% 0.16% 1.19% 9.15% 0.01% 0.10% 0.16% 1.01% 0.09% 0.53% 0.21% 0.10% 0.27% 0.01% 0.14% 0.08% 0.20% 0.14% 0.22% 1.38% 0.48% 0.02% 0.24% 0.47% 0.19% 0.10% 0.15% 0.01% 0.01% 0.10% 0.01% 0.04% 0.09% 0.89% 0.96% 0.44% 0.02% 0.12% 2.06% 4.07% 0.29% 0.30% 0.16% 4.20% 0.15% 0.24% 0.13% 2.24% 0.32% 0.15% 0.17% 0.09% 0.02% 0.19% 0.11% 4.08% 0.01% 0.11% 0.18% 0.20% 0.01% 0.35% 0.21% 0.01% 0.25% 0.23% 0.10% 0.35% 0.08% 0.96% 0.17% 179 424 114 587 002 416 81 836 472 3 714 214 26 357 119 494 348 126 156 246 071 29 745 156 21 305 222 9 340 964 4 624 711 118 483 195 2.09% 0.23% 0.28% 0.19% 0.16% 0.30% 0.09% 0.19% 0.67% 0.17% 0.24% 0.27% 2.09% 0.23% 0.28% 0.19% 0.16% 0.30% 0.09% 0.19% 0.67% 0.17% 0.24% 0.27% 323 854 966 7 537 297 6 172 195 7 905 435 13 500 796 1 196 330 32 293 203 14 490 320 453 536 405 57 477 800 35 391 901 193 096 029 151 994 246 10 511 083 8 595 138 10 752 574 368 027 178 509 896 25 781 197 205 246 588 3 900 845 3 565 753 15 771 618 7 872 817 118 440 834 43 923 198 7 839 225 20 412 701 33 910 058 50 909 277 29 978 519 5 944 179 51 094 502 10 100 938 12 801 456 694 839 4 840 352 24 442 752 6 135 116 27 632 931 9 840 627 5 208 936 265 485 712 677 214 10 545 815 4 348 915 14 157 592 106 249 807 1.10% 0.04% 0.19% 0.10% 0.11% 0.06% 0.16% 0.04% 0.33% 0.44% 0.15% 0.48% 1.12% 0.08% 0.21% 0.31% 0.01% 1.74% 0.24% 0.17% 0.13% 0.31% 0.13% 0.10% 0.27% 0.11% 0.24% 3.52% 0.12% 0.14% 0.40% 0.11% 0.20% 0.05% 0.16% 0.01% 0.12% 0.27% 0.35% 0.60% 0.11% 0.23% 0.02% 3.19% 0.00% 0.11% 0.14% 0.10% 1.10% 0.04% 0.19% 0.10% 0.11% 0.06% 0.16% 0.04% 0.33% 0.44% 0.15% 0.48% 1.12% 0.08% 0.21% 0.31% 0.01% 1.74% 0.24% 0.17% 0.13% 0.31% 0.13% 0.10% 0.27% 0.11% 0.24% 3.52% 0.12% 0.14% 0.40% 0.11% 0.20% 0.05% 0.16% 0.01% 0.12% 0.27% 0.35% 0.60% 0.11% 0.23% 0.02% 3.19% 0.00% 0.11% 0.14% 0.10% 14 293 078 138 543 286 8 353 805 173 268 685 4 709 726 24 057 085 16 134 558 133 723 712 12 217 249 14 979 394 13 731 858 3 467 617 75 295 8 731 417 67 641 965 22 571 149 1 930 369 31 812 844 5 737 719 11 728 705 68 042 796 205 276 8 411 626 431 528 945 5 661 481 40 712 647 255 152 655 54 515 448 1 003 004 395 21 878 837 18 445 007 56 629 948 297 712 289 4 881 103 1 328 800 4 958 508 8 685 732 5 634 803 32 168 862 17 810 942 1 686 613 13 866 999 0.12% 0.30% 0.10% 0.56% 0.14% 0.17% 0.20% 3.08% 0.27% 0.14% 0.02% 0.11% 0.01% 0.29% 0.14% 0.25% 0.03% 0.14% 0.27% 0.13% 0.01% 0.32% 0.30% 0.24% 0.21% 0.58% 2.09% 0.40% 0.43% 0.22% 0.27% 2.16% 0.36% 0.12% 0.06% 0.14% 0.10% 0.12% 0.29% 0.12% 0.19% 0.28% 0.12% 0.30% 0.10% 0.56% 0.14% 0.17% 0.20% 3.08% 0.27% 0.14% 0.02% 0.11% 0.01% 0.29% 0.14% 0.25% 0.03% 0.14% 0.27% 0.13% 0.01% 0.32% 0.30% 0.24% 0.21% 0.58% 2.09% 0.40% 0.43% 0.22% 0.27% 2.16% 0.36% 0.12% 0.06% 0.14% 0.10% 0.12% 0.29% 0.12% 0.19% 0.28% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 15 Government pension fund global ANNUAL REPORT 2010 191 107 935 37 078 775 138 331 853 Kingboard Chemical Holdings LtdBasic Materials Kingboard Laminates Holdings LtdBasic Materials Kingsoft Corp Ltd Consumer Goods Kowloon Development Co Ltd Financials KWG Property Holding Ltd Financials Lai Fung Holdings Ltd Financials Lee & Man Paper Manufacturing LtdBasic Materials Lenovo Group LtdTechnology Li & Fung Ltd Consumer Goods Li Ning Co Ltd Consumer Goods Lifestyle International Holdings Ltd Consumer Services Link REIT/The Financials Lonking Holdings LtdIndustrials Maoye International Holdings Ltd Consumer Services Melco International Development Ltd Consumer Services Midland Holdings Ltd Financials Mingyuan Medicare Development Co Ltd Health Care Minth Group Ltd Consumer Goods Mongolia Energy Corp LtdBasic Materials MTR Corp Consumer Services Nan Hai Corp Ltd Financials New Times Energy Corp LtdBasic Materials New World China Land Ltd Financials New World Department Store China Ltd Consumer Services New World Development Ltd Financials Nine Dragons Paper Holdings LtdBasic Materials Noble Island International LtdOil & Gas North Asia Resources Holdings LtdTechnology NWS Holdings LtdIndustrials Orient Overseas International LtdIndustrials Pacific Basin Shipping LtdIndustrials Pacific Textile Holdings Ltd Consumer Goods Parkson Retail Group Ltd Consumer Services PCCW LtdTelecommunications Peak Sport Products Co Ltd Consumer Services Phoenix Satellite Television Holdings Ltd Consumer Services Polytec Asset Holdings Ltd Financials Ports Design Ltd Consumer Services Prosperity REIT Financials Public Financial Holdings Ltd Financials Real Gold Mining LtdBasic Materials Regal Hotels International Holdings Ltd Consumer Services Regent Pacific Group Ltd Financials Renhe Commercial Holdings Co Ltd Financials REXLot Holdings Ltd Financials Road King Infrastructure LtdIndustrials SA SA International Holdings Ltd Consumer Services Sands China Ltd Consumer Services Semiconductor Manufacturing International CorpTechnology Shangri-La Asia Ltd Consumer Services Shenzhou International Group Holdings Ltd Consumer Goods Shimao Property Holdings Ltd Financials Shui On Construction and Materials LtdIndustrials Shui On Land Ltd Financials Shun Tak Holdings Ltd Consumer Services Silver Grant International Financials Singamas Container Holdings LtdIndustrials Sino Biopharmaceutical Health Care Sino Land Co Ltd Financials Sino Union Energy Investment Group LtdBasic Materials Sino-I Technology LtdTechnology Sinolink Worldwide Holdings Ltd Financials SJM Holdings Ltd Consumer Services Skyworth Digital Holdings Ltd Consumer Goods SmarTone Telecommunications Holding LtdTelecommunications Soho China Ltd Financials SRE Group Ltd Financials Stella International Holdings Ltd Consumer Goods Success Universe Group Ltd Consumer Services Sun Hung Kai Properties Ltd Financials Sunlight Real Estate Investment Trust Financials Swire Pacific LtdIndustrials TAI Cheung Holdings Financials TCC International Holdings LtdIndustrials Techtronic Industries Co Consumer Goods Television Broadcasts Ltd Consumer Services Tencent Holdings LtdTechnology Texwinca Holdings Ltd Consumer Goods Tian An China Investment Financials Tianneng Power International Ltd Consumer Goods Tingyi Cayman Islands Holding Corp Consumer Goods Titan Petrochemicals Group LtdOil & Gas Tom Group LtdTechnology Tomson Group Ltd Financials TPV Technology LtdTechnology Truly International HoldingsIndustrials Uni-President China Holdings Ltd Consumer Goods United Energy Group Ltd Financials Varitronix International LtdIndustrials Vitasoy International Holdings Ltd Consumer Goods Ownership 0.37% 0.09% 0.01% Voting 0.37% 0.09% 0.01% Market value (NOK) Ownership 4 652 077 2 099 981 507 237 Sector Voting China Mining Resources Group LtdBasic Materials China Nickel Resources Holding Co LtdBasic Materials China Oriental Group Co LtdBasic Materials China Rongsheng Heavy Industry Group Co LtdIndustrials China Shanshui Cement Group LtdIndustrials China South City Holdings LtdIndustrials China State Construction International Holdings LtdIndustrials China Travel International Inv HK Consumer Services China Water Affairs Group LtdUtilities China WindPower Group LtdUtilities China Wireless Technologies LtdTechnology China Yurun Food Group Ltd Consumer Goods China Zhongwang Holdings LtdBasic Materials Chinese Estates Holdings Ltd Financials Chow Sang Sang Holdings International Ltd Consumer Services CIMC Enric Holdings LtdIndustrials Citic Resources Holdings LtdIndustrials CLP Holdings LtdUtilities Coastal Greenland Ltd Financials Comba Telecom Systems Holdings LtdTechnology Country Garden Holdings Co Financials Dah Chong Hong Holdings Ltd Consumer Services Dah Sing Banking Group Ltd Financials Dah Sing Financial Holdings Ltd Financials Daphne International Holdings Ltd Consumer Goods Dickson Concepts International Ltd Consumer Services Digital China Holdings LtdTechnology ENN Energy Holdings LtdUtilities Esprit Holdings Ltd Consumer Services eSun Holdings Ltd Consumer Services Far East Consortium Financials First Pacific Co Ltd/Hong Kong Consumer Goods Fosun International LtdBasic Materials Foxconn International Holdings LtdTechnology Fubon Bank Hong Kong Ltd Financials Fufeng Group LtdBasic Materials Fushan International Energy Group LtdBasic Materials Galaxy Entertainment Group Ltd Consumer Services GCL Poly Energy Holdings LtdUtilities Geely Automobile Holdings Ltd Consumer Goods Giordano International Ltd Consumer Services Global Bio-Chem Technology Group Co Ltd Consumer Goods Golden Eagle Retail Group Ltd Consumer Services Golden Meditech Holdings Ltd Health Care Goldin Properties Holdings Ltd Financials GOME Electrical Appliances Holdings Ltd Consumer Services Great Eagle Holdings Ltd Consumer Services Greentown China Holdings Ltd Financials G-Resources Group LtdIndustrials Guoco Group Ltd Financials GZI Real Estate Investment Trust Financials Haier Electronics Group Co Ltd Consumer Goods Haitian International Holdings LtdIndustrials Hang Lung Group Ltd Financials Hang Lung Properties Ltd Financials Hang Seng Bank Ltd Financials Henderson Investment LtdIndustrials Henderson Land Development Co Ltd Financials Hengan International Group Co Ltd Consumer Goods Hengdeli Holdings Ltd Consumer Services Hi Sun Technology China LtdTechnology Hidili Industry International Development LtdBasic Materials HKC Holdings LtdIndustrials HKR International Ltd Financials Hong Kong & China Gas Co LtdUtilities Hong Kong Aircraft Engineering Co LtdIndustrials Hong Kong Exchanges and Clearing Ltd Financials Hongkong & Shanghai Hotels/The Consumer Services Hongkong Chinese Ltd Financials Hongkong Electric Holdings LtdUtilities Hongkong Land Holdings Ltd Financials Hopewell Highway Infrastructure LtdIndustrials Hopewell Holdings Ltd Financials Hopson Development Holdings Ltd Financials Huabao International Holdings LtdBasic Materials Hutchison Harbour Ring Ltd Consumer Goods Hutchison Telecommunications Hong Kong Holdings LtdTelecommunications Hutchison Whampoa LtdIndustrials Hysan Development Co Ltd Financials Inspur International LtdTechnology Intime Department Store Group Co Ltd Consumer Services Jardine Matheson Holdings LtdIndustrials Jardine Strategic Holdings LtdIndustrials Johnson Electric Holdings LtdIndustrials Ju Teng International Holdings LtdTechnology K Wah International Holdings Ltd Financials Kai Yuan Holdings Ltd Financials Kerry Properties Ltd Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 2.33% 0.18% 0.38% 1.07% 1.74% 1.30% 2.33% 0.11% 0.42% 1.07% 1.74% 1.30% 46 078 952 9 983 642 6 043 079 129 968 402 51 806 900 168 098 442 32 465 326 26 137 367 89 933 722 27 188 933 12 588 228 8 496 895 2 500 060 12 109 130 55 995 689 31 415 205 17 190 256 22 237 126 25 243 408 261 157 296 411 089 170 8 443 092 23 939 736 8 369 853 8 589 334 23 654 151 63 437 488 5 692 458 36 887 808 10 563 063 24 638 475 80 225 957 178 967 502 215 658 777 929 904 853 2 388 680 9 820 600 58 171 236 15 884 779 64 819 483 256 209 670 32 763 658 13 960 035 15 220 902 23 838 802 2 341 693 5 758 742 109 831 486 64 893 985 99 662 364 29 854 800 222 540 126 9 027 139 203 859 426 66 399 509 1 816 744 4 546 686 19 113 564 80 602 985 120 800 681 12 913 116 8 595 220 68 691 945 5 983 180 7 854 971 6 612 909 2 836 405 43 223 239 25 807 556 1 831 486 1 221 084 5 430 008 3.10% 0.22% 0.03% 0.50% 0.06% 0.45% 0.29% 0.20% 1.50% 0.10% 0.34% 0.09% 0.20% 0.28% 0.56% 1.45% 0.16% 0.22% 0.43% 0.36% 0.71% 0.29% 0.20% 0.25% 0.29% 0.06% 0.20% 0.15% 0.76% 0.19% 0.13% 0.70% 0.12% 0.70% 0.53% 0.02% 0.09% 2.22% 2.51% 0.31% 0.31% 0.09% 0.09% 0.29% 0.40% 0.05% 0.12% 0.28% 1.24% 0.04% 0.19% 1.04% 0.08% 0.79% 0.33% 0.01% 0.13% 0.17% 0.13% 0.33% 0.48% 0.13% 1.10% 0.38% 0.15% 0.03% 0.21% 0.23% 0.29% 0.03% 0.08% 0.39% 3.10% 0.22% 0.03% 0.50% 0.06% 0.45% 0.29% 0.20% 1.50% 0.10% 0.34% 0.09% 0.20% 0.28% 0.56% 1.45% 0.16% 0.22% 0.43% 0.36% 0.71% 0.29% 0.20% 0.25% 0.29% 0.06% 0.20% 0.15% 0.76% 0.19% 0.13% 0.70% 0.12% 0.70% 0.53% 0.02% 0.09% 2.22% 2.51% 0.31% 0.31% 0.09% 0.09% 0.29% 0.40% 0.05% 0.12% 0.28% 1.24% 0.04% 0.19% 1.04% 0.08% 0.79% 0.33% 0.01% 0.13% 0.17% 0.13% 0.33% 0.48% 0.13% 1.10% 0.38% 0.15% 0.03% 0.21% 0.23% 0.29% 0.03% 0.08% 0.39% 500 154 798 10 575 542 53 919 429 3 679 421 26 215 868 21 791 327 55 393 234 83 839 504 18 462 339 44 744 524 16 161 438 90 328 353 19 884 172 6 660 481 10 035 666 3 889 059 5 498 590 7 296 625 38 884 511 39 436 652 15 101 345 32 025 733 16 858 134 47 758 326 8 657 318 41 152 635 801 335 569 80 510 897 187 933 832 13 534 113 12 889 803 27 757 662 228 001 289 5 943 488 6 954 833 27 335 776 772 908 104 272 628 886 8 603 277 3 893 409 27 000 024 11 606 418 8 145 837 20 452 335 219 697 405 23 501 691 4 073 458 11 128 910 177 786 982 34 672 560 12 982 745 12 126 780 29 262 449 45 284 580 1 342 129 821 89 651 914 107 094 748 5 411 034 5 404 476 344 546 948 49 154 923 326 156 608 50 819 478 7 694 103 4 472 234 19 962 612 14 786 628 5 145 901 59 441 413 13 264 291 21 781 791 6 359 410 5 107 046 191 902 874 17 899 948 565 876 686 245 292 690 35 688 066 213 120 708 5 022 989 9 136 275 48 609 863 78 751 673 17 917 919 5 297 392 12 219 199 61 501 572 5 910 959 6 517 394 104 177 2 518 876 0.59% 0.37% 3.40% 0.78% 0.21% 0.08% 0.43% 0.36% 0.11% 0.57% 0.29% 0.32% 0.29% 0.36% 0.19% 0.29% 0.09% 0.29% 0.89% 1.16% 0.39% 0.37% 0.20% 1.54% 0.26% 0.10% 0.57% 0.16% 0.31% 0.35% 0.32% 0.16% 0.26% 0.01% 0.29% 0.26% 0.56% 0.16% 0.06% 0.01% 0.42% 0.27% 0.26% 0.29% 2.87% 0.33% 0.60% 0.08% 1.95% 0.03% 0.13% 0.20% 0.18% 0.97% 0.52% 0.26% 1.85% 0.06% 0.15% 7.70% 0.47% 1.11% 0.35% 0.15% 0.05% 0.31% 0.02% 0.20% 0.17% 0.22% 0.76% 0.43% 0.22% 0.44% 1.20% 2.84% 0.16% 0.30% 0.76% 0.11% 0.26% 0.52% 0.13% 0.38% 0.03% 0.13% 0.11% 0.19% 0.36% 0.02% 0.42% 0.59% 0.37% 3.40% 0.78% 0.21% 0.08% 0.43% 0.36% 0.11% 0.57% 0.29% 0.32% 0.29% 0.36% 0.19% 0.29% 0.09% 0.29% 0.82% 1.16% 0.39% 0.37% 0.20% 1.54% 0.26% 0.10% 0.57% 0.16% 0.31% 0.35% 0.32% 0.16% 0.26% 0.01% 0.29% 0.26% 0.56% 0.16% 0.06% 0.01% 0.42% 0.27% 0.26% 0.29% 2.87% 0.33% 0.60% 0.08% 1.95% 0.03% 0.13% 0.20% 0.18% 0.97% 0.52% 0.26% 1.85% 0.06% 0.15% 7.70% 0.47% 1.11% 0.35% 0.15% 0.05% 0.31% 0.02% 0.20% 0.17% 0.22% 0.76% 0.43% 0.22% 0.44% 1.20% 2.84% 0.16% 0.30% 0.76% 0.11% 0.26% 0.52% 0.13% 0.38% 0.03% 0.13% 0.11% 0.19% 0.36% 0.02% 0.42% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 16 Government pension fund global ANNUAL REPORT 2010 102 046 562 3 239 646 63 391 911 649 395 321 685 908 159 288 010 001 GAIL India LtdOil & Gas Gammon India LtdIndustrials Gateway Distriparks LtdIndustrials Gayatri Projects LtdIndustrials GlaxoSmithKline Consumer Healthcare Ltd Consumer Goods GlaxoSmithKline Pharmaceuticals Ltd Health Care Glenmark Pharmaceuticals Ltd Health Care GMR Infrastructure LtdUtilities Godrej Consumer Products Ltd Consumer Goods Godrej Industries Ltd Consumer Goods Godrej Properties Ltd Financials Grasim Industries LtdIndustrials Great Eastern Shipping Co Ltd/TheIndustrials Great Offshore LtdOil & Gas GTL LtdTechnology Gujarat Alkalies & ChemicalsBasic Materials Gujarat Mineral Development Corp LtdBasic Materials Gujarat Narmada Valley Fertilizers Co LtdBasic Materials Gujarat NRE Coke LtdBasic Materials Gujarat Pipavav Port LtdIndustrials Gujarat State Fertilisers & Chemicals LtdBasic Materials Gujarat State Petronet LtdOil & Gas GVK Power & Infrastructure LtdUtilities Hathway Cables and Datacom Ltd Consumer Services HCL Infosystems LtdTechnology HCL Technologies LtdTechnology HDFC Bank Ltd Financials Hero Honda Motors Ltd Consumer Goods Hindalco Industries LtdBasic Materials Hindustan Construction CoIndustrials Hindustan Oil Exploration Co LtdOil & Gas Hindustan Petroleum Corp LtdOil & Gas Hindustan Unilever Ltd Consumer Goods Hindustan Zinc LtdBasic Materials Hotel Leela Venture Ltd Consumer Services Housing Development & Infrastructure Ltd Financials Housing Development Finance Corp Financials ICICI Bank Ltd Financials IDBI Bank Ltd Financials Idea Cellular LtdTelecommunications IFCI Ltd Financials India Cements LtdIndustrials India Infoline Ltd Financials Indiabulls Financial Services Ltd Financials Indiabulls Power Ltd Consumer Services Indiabulls Real Estate Ltd Financials Indiabulls Securities Ltd Financials Indian Bank Financials Indian Hotels Co Ltd Consumer Services Indian Oil Corp LtdOil & Gas Indian Overseas Bank Financials Indraprastha Gas LtdUtilities IndusInd Bank Ltd Financials Info Edge India LtdIndustrials Infosys Technologies LtdTechnology Infrastructure Development Finance Co Ltd Financials ING Vysya Bank Ltd Financials IRB Infrastructure Developers LtdIndustrials Ispat Industries LtdBasic Materials IVRCL Infrastructures & Projects LtdIndustrials Jain Irrigation Systems LtdIndustrials Jaiprakash Associates LtdIndustrials Jaiprakash Power Ventures LtdUtilities Jammu & Kashmir Bank Ltd Financials Jet Airways India Ltd Consumer Services Jindal Saw LtdBasic Materials Jindal Steel & Power LtdBasic Materials JSL Stainless LtdBasic Materials JSW Steel LtdBasic Materials Jubilant Life Sciences LtdBasic Materials Karnataka Bank Ltd Financials Kesoram Industries LtdIndustrials Kingfisher Airlines Ltd Consumer Services Kotak Mahindra Bank Ltd Financials KPIT Cummins Infosystems LtdTechnology Lanco Infratech LtdUtilities Larsen & Toubro LtdIndustrials LIC Housing Finance Ltd Financials Lupin Ltd Health Care Mahanagar Telephone NigamTelecommunications Maharashtra Seamless LtdBasic Materials Mahindra & Mahindra Financial Services Ltd Financials Mahindra & Mahindra LtdIndustrials Mahindra Holidays & Resorts India Ltd Consumer Services Mangalore Refinery & Petrochemicals LtdOil & Gas Marico Ltd Consumer Goods Maruti Suzuki India Ltd Consumer Goods McLeod Russel India Ltd Consumer Goods Mercator Lines LtdIndustrials MIC Electronics LtdTechnology Money Matters Financial Services Ltd Financials Ownership 2.29% 0.06% 0.10% 1.23% 0.12% 0.30% 0.58% 0.30% 0.64% 0.19% 0.45% Voting 2.29% 0.06% 0.10% 1.23% 0.12% 0.30% 0.58% 0.30% 0.64% 0.19% 0.45% Market value (NOK) Ownership 98 727 488 9 709 791 67 381 901 43 820 970 145 226 526 145 021 514 138 011 919 50 323 216 56 702 402 65 780 680 85 581 559 Sector Voting VODone LtdTechnology VTech Holdings LtdTechnology Want Want China Holdings Ltd Consumer Goods Wasion Group Holdings LtdIndustrials Wharf Holdings LtdIndustrials Wheelock & Co Ltd Financials Wing Hang Bank Ltd Financials Xinyi Glass Holdings Ltd Consumer Goods XTEP International Holdings Consumer Goods Yue Yuen Industrial Holdings Ltd Consumer Goods AAC Acoustic Technologies Holdings IncIndustrials Hungary Egis Gyogyszergyar Nyrt Health Care FHB Mortgage Bank PLC Financials Magyar Telekom Telecommunications PLCTelecommunications MOL Hungarian Oil and Gas PLCOil & Gas OTP Bank PLC Financials Richter Gedeon Nyrt Health Care India 3i Infotech LtdTechnology Aban Offshore LtdOil & Gas ABB Ltd/IndiaIndustrials ACC LtdIndustrials Adani Enterprises LtdIndustrials Adani Power LtdUtilities Aditya Birla Nuvo Ltd Consumer Goods Allahabad Bank Financials Alstom Projects India LtdIndustrials Ambuja Cements LtdIndustrials Amtek Auto Ltd Consumer Goods Andhra Bank Financials Ansal Properties & Infrastructure Ltd Financials Apollo Tyres Ltd Consumer Goods Areva T&D India LtdIndustrials Arvind Ltd Consumer Goods Ashok Leyland LtdIndustrials Aurobindo Pharma Ltd Health Care Aventis Pharma Ltd/India Health Care Axis Bank Ltd Financials Bajaj Auto Ltd Consumer Goods Bajaj Hindusthan Ltd Consumer Goods Bajaj Holdings and Investment Ltd Financials Ballarpur Industries LtdBasic Materials Balrampur Chini Mills Ltd Consumer Goods Bank of Baroda Financials Bank of India Financials Bank Of Maharashtra Financials Bayer CropScience Ltd/IndiaBasic Materials BEML LtdIndustrials Bharat Electronics LtdIndustrials Bharat Forge LtdIndustrials Bharat Heavy Electricals LtdIndustrials Bharat Petroleum Corp LtdOil & Gas Bharti Airtel LtdTelecommunications Bhushan Steel LtdBasic Materials Biocon Ltd Health Care Bombay Dyeing & Manufacturing Co Ltd Consumer Goods C&C Constructions LtdIndustrials Cadila Healthcare Ltd Health Care Cairn India LtdOil & Gas Canara Bank Financials Castrol India LtdBasic Materials Century Textile & Industries Ltd Consumer Goods CESC LtdUtilities Chambal Fertilizers & Chemicals LtdBasic Materials Chennai Petroleum Corp LtdOil & Gas Cipla Ltd/India Health Care CMC LtdTechnology Coal India LtdBasic Materials Colgate-Palmolive India Ltd Consumer Goods Container Corp Of IndiaIndustrials Corp Bank Financials Crompton Greaves LtdIndustrials Cummins India Ltd Consumer Goods Dabur India Ltd Consumer Goods Deccan Chronicle Holdings Ltd Consumer Services Divi’s Laboratories Ltd Health Care DLF Ltd Financials Dr Reddy’s Laboratories Ltd Health Care eClerx Services LtdTechnology Educomp Solutions LtdIndustrials EID Parry India LtdBasic Materials Electrosteel Castings LtdBasic Materials Era Infra Engineering LtdIndustrials Essar Oil LtdOil & Gas Everest Kanto Cylinder LtdIndustrials Exide Industries Ltd Consumer Goods Federal Bank Ltd Financials Financial Technologies India LtdTechnology Finolex Industries LtdBasic Materials Firstsource Solutions LtdIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 VA Tech Wabag LtdUtilities Vardhman Textiles Ltd Consumer Goods Videocon Industries Ltd Consumer Goods Vijaya Bank Financials Voltas LtdIndustrials Welspun Corp LtdBasic Materials Wipro LtdTechnology Wockhardt Ltd Health Care Yes Bank Ltd Financials Zee Entertainment Enterprises Ltd Consumer Services Zee Learn Ltd Consumer Services Zuari Industries LtdBasic Materials Indonesia Adaro Energy Tbk PTBasic Materials Alam Sutera Realty Tbk PT Financials Aneka Tambang Tbk PTBasic Materials Astra Agro Lestari Tbk PT Consumer Goods Astra International Tbk PT Consumer Goods Bakrie and Brothers Tbk PTBasic Materials Bakrie Sumatera Plantations Tbk PT Consumer Goods Bakrie Telecom Tbk PTTelecommunications Bakrieland Development Tbk PT Financials Bank Central Asia Tbk PT Financials Bank Danamon Indonesia Tbk PT Financials Bank Mandiri Tbk PT Financials Bank Negara Indonesia Persero Tbk PT Financials Bank Pan Indonesia Tbk PT Financials Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT Financials Bank Rakyat Indonesia Persero Tbk PT Financials Barito Pacific Tbk PTIndustrials Bisi International PT Consumer Goods Borneo Lumbung Energi & Metal Tbk PTBasic Materials Bumi Resources Tbk PTBasic Materials Charoen Pokphand Indonesia Tbk PT Consumer Goods Ciputra Development Tbk PT Financials Delta Dunia Makmur Tbk PT Consumer Goods Energi Mega Persada Tbk PTOil & Gas Harum Energy Tbk PTBasic Materials Holcim Indonesia Tbk PTIndustrials Indah Kiat Pulp & Paper Corp Tbk PTBasic Materials Indika Energy Tbk PTBasic Materials Indo Tambangraya Megah PTBasic Materials Indocement Tunggal Prakarsa Tbk PTIndustrials Indofood CBP Sukses Makmur TBK PT Consumer Goods Indofood Sukses Makmur Tbk PT Consumer Goods Indosat Tbk PTTelecommunications International Nickel Indonesia Tbk PTBasic Materials Jasa Marga PTIndustrials Kalbe Farma Tbk PT Health Care Lippo Karawaci Tbk PT Financials Medco Energi Internasional Tbk PTOil & Gas Perusahaan Gas Negara PTUtilities Perusahaan Perkebunan London Sumatra Indonesia Tbk PT Consumer Goods Sarana Menara Nusantara PTTelecommunications Semen Gresik Persero Tbk PTIndustrials Summarecon Agung Tbk PT Financials Tambang Batubara Bukit Asam Tbk PTBasic Materials Telekomunikasi Indonesia Tbk PTTelecommunications Timah Tbk PTBasic Materials Unilever Indonesia Tbk PT Consumer Goods United Tractors Tbk PTIndustrials XL Axiata Tbk PTTelecommunications Ireland Aer Lingus Consumer Services Allied Irish Banks PLC Financials C&C Group PLC Consumer Goods CRH PLCIndustrials DCC PLCIndustrials Elan Corp PLC Health Care FBD Holdings PLC Financials Fyffes PLC Consumer Goods Glanbia PLC Consumer Goods Governor & Co of the Bank of Ireland/The Financials Grafton Group PLCIndustrials Greencore Group PLC Consumer Goods Independent News & Media PLC Consumer Services Irish Life & Permanent Group Holdings PLC Financials Kerry Group PLC Consumer Goods Kingspan Group PLCIndustrials Paddy Power PLC Consumer Services Petroneft Resources PLCOil & Gas Providence Resources PLCOil & Gas Ryanair Holdings PLC Consumer Services Smurfit Kappa Group PLCIndustrials Total Produce PLC Consumer Services United Drug PLC Consumer Services Isle of Man Eros International PLC Consumer Services Hirco PLC Financials Market value (NOK) 5 971 310 38 157 472 11 525 070 4 751 839 13 923 108 1 614 943 75 950 708 8 517 232 27 558 949 170 567 573 4 501 069 26 935 424 0.28% 1.53% 0.14% 0.08% 0.15% 0.04% 0.05% 0.16% 0.20% 0.91% 0.00% 1.00% 0.28% 1.53% 0.14% 0.08% 0.15% 0.04% 0.05% 0.16% 0.20% 0.91% 0.00% 1.00% 127 612 608 21 835 578 1 622 127 2 027 880 798 774 820 914 866 438 074 714 070 1 105 409 14 377 469 1 618 686 302 945 862 505 856 559 1 663 616 0.24% 0.64% 0.01% 0.01% 0.56% 0.02% 0.01% 0.02% 0.03% 0.01% 0.01% 0.34% 1.09% 0.01% 0.24% 0.64% 0.01% 0.01% 0.56% 0.02% 0.01% 0.02% 0.03% 0.01% 0.01% 0.34% 1.09% 0.01% 56 655 107 10 531 244 1 027 079 206 855 58 688 995 339 748 421 8 337 270 60 066 544 48 024 159 62 544 8 382 420 1 031 113 707 139 138 546 556 164 601 662 91 478 683 26 095 055 187 928 288 1 800 711 1 653 941 1 022 825 4 095 024 18 609 085 894 696 199 387 745 0.62% 0.01% 0.02% 0.01% 0.38% 0.84% 0.04% 1.75% 0.68% 0.00% 0.05% 0.01% 0.01% 0.87% 0.45% 0.24% 0.15% 0.68% 0.01% 0.01% 0.01% 0.02% 0.20% 0.01% 0.29% 0.62% 0.01% 0.02% 0.01% 0.38% 0.84% 0.04% 1.75% 0.68% 0.00% 0.05% 0.01% 0.01% 0.87% 0.44% 0.24% 0.15% 0.68% 0.01% 0.01% 0.01% 0.02% 0.20% 0.01% 0.29% 31 520 215 43 405 065 87 585 701 750 857 91 814 057 352 624 225 1 058 042 81 170 348 474 092 609 130 362 788 0.28% 0.51% 0.24% 0.02% 0.27% 0.34% 0.01% 0.10% 0.93% 0.45% 0.28% 0.51% 0.24% 0.02% 0.27% 0.34% 0.01% 0.10% 0.93% 0.45% 36 533 198 37 058 788 165 578 130 2 627 891 174 274 785 596 441 534 080 24 913 780 14 853 351 86 771 780 190 067 352 110 591 827 38 981 156 12 909 698 43 752 354 343 097 033 177 516 398 156 548 780 4 405 768 6 757 007 387 258 731 840 867 850 13 759 127 68 760 509 0.81% 0.90% 1.87% 3.05% 1.79% 2.32% 1.45% 1.57% 1.03% 1.23% 1.78% 1.90% 0.60% 1.92% 1.00% 1.83% 1.36% 0.17% 0.89% 0.88% 6.71% 1.43% 1.75% 0.81% 0.90% 1.87% 3.05% 1.79% 2.32% 1.45% 1.57% 1.03% 1.23% 1.78% 1.90% 0.60% 1.92% 1.00% 1.83% 1.36% 0.17% 0.89% 0.88% 6.71% 1.43% 1.75% 4 527 165 9 706 290 0.19% 2.05% 0.19% 2.05% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 17 Government pension fund global ANNUAL REPORT 2010 2.36% 0.39% 0.01% 0.05% 4.37% 0.29% 0.03% 2.00% 0.10% 0.02% 0.02% 2.66% 0.04% 0.01% 0.00% 0.05% 0.17% 0.17% 0.28% 0.07% 0.19% 0.03% 0.15% 0.30% 0.24% 0.11% 0.07% 0.09% 0.29% 0.00% 2.30% 0.20% 0.17% 0.02% 0.18% 1.82% 0.03% 0.01% 0.26% 0.15% 0.02% 0.04% 0.05% 0.22% 0.10% 0.25% 0.40% 0.14% 0.11% 0.08% 0.29% 0.34% 0.44% 0.19% 0.08% 0.37% 0.22% 0.40% 0.10% 0.03% 0.20% 0.01% 0.08% 0.15% 0.00% 1.41% 0.02% 0.81% 0.07% 0.16% 1.70% 0.17% 0.19% 0.51% 0.09% 0.04% 0.85% 0.69% 0.50% 0.54% 0.10% 3.18% 0.16% 0.22% 0.47% 0.38% 0.12% 0.87% 0.12% 1.79% 0.38% Sector Ownership Voting 2.36% 0.39% 0.01% 0.05% 4.37% 0.29% 0.03% 2.00% 0.10% 0.02% 0.02% 2.66% 0.04% 0.01% 0.00% 0.05% 0.17% 0.17% 0.28% 0.07% 0.19% 0.03% 0.16% 0.30% 0.24% 0.11% 0.07% 0.09% 0.29% 0.00% 2.30% 0.20% 0.17% 0.02% 0.18% 1.82% 0.03% 0.01% 0.27% 0.15% 0.02% 0.04% 0.05% 0.22% 0.10% 0.25% 0.40% 0.14% 0.11% 0.08% 0.29% 0.34% 0.45% 0.19% 0.08% 0.37% 0.22% 0.40% 0.10% 0.03% 0.20% 0.01% 0.08% 0.15% 0.00% 1.41% 0.02% 0.81% 0.07% 0.16% 1.70% 0.15% 0.19% 0.51% 0.09% 0.04% 0.85% 0.69% 0.50% 0.54% 0.10% 3.18% 0.16% 0.22% 0.47% 0.38% 0.12% 0.87% 0.12% 1.79% 0.38% Ownership 91 256 423 5 350 039 2 577 421 19 670 071 205 623 301 5 562 797 8 754 949 64 377 288 49 869 311 126 219 8 958 256 31 197 682 51 157 293 15 526 610 262 999 069 21 382 500 11 214 407 42 995 829 37 354 744 2 151 796 5 391 747 2 603 180 3 573 092 36 937 293 31 184 829 2 557 433 31 554 869 52 678 282 5 867 863 93 966 113 743 983 9 756 473 84 354 164 449 231 58 130 063 54 627 246 6 420 139 5 219 268 1 192 985 338 39 605 495 261 330 25 824 729 1 745 038 10 355 489 39 495 713 7 533 042 8 122 074 14 026 449 40 800 810 6 253 753 6 720 672 29 242 078 159 683 355 12 059 556 4 904 829 13 263 120 3 696 472 11 148 075 221 580 526 28 729 551 7 145 863 512 787 2 054 964 97 553 753 1 096 607 178 130 867 2 047 543 105 942 214 6 426 085 464 391 231 147 616 135 165 166 447 81 515 926 410 299 406 4 503 487 4 685 946 21 782 382 93 601 630 103 550 091 34 129 269 17 241 042 79 931 410 5 902 603 9 797 399 38 527 009 147 072 638 27 084 079 186 869 122 12 431 676 428 361 600 10 646 446 Voting Monnet Ispat & Energy LtdBasic Materials Moser Baer India LtdTechnology Mphasis LtdTechnology Mundra Port and Special Economic Zone LtdIndustrials Nagarjuna Construction CoIndustrials Nagarjuna Fertilizers & ChemicalsBasic Materials National Aluminium Co LtdBasic Materials Nava Bharat Ventures LtdBasic Materials Nestle India Ltd Consumer Goods New Delhi Television Ltd Consumer Services NHPC LtdUtilities NIIT LtdIndustrials NMDC LtdBasic Materials NTPC LtdUtilities Oil & Natural Gas Corp LtdOil & Gas Oil India LtdOil & Gas Opto Circuits India LtdIndustrials Oracle Financial Sevices Software LtdTechnology Oriental Bank of Commerce Financials Parsvnath Developers Ltd Financials Patel Engineering LtdIndustrials Patni Computer Systems LtdTechnology Peninsula Land Ltd Financials Petronet LNG LtdUtilities Piramal Healthcare Ltd Health Care Polaris Software Lab LtdTechnology Power Finance Corp LtdUtilities Power Grid Corp of India LtdUtilities Praj Industries LtdIndustrials Prakash Industries LtdBasic Materials PTC India LtdUtilities Punj Lloyd LtdIndustrials Punjab National Bank Ltd Financials Radico Khaitan Ltd Consumer Goods Ranbaxy Laboratories Ltd Health Care Raymond Ltd Consumer Goods Reliance Capital Ltd Financials Reliance Communications LtdTelecommunications Reliance Industries LtdOil & Gas Reliance Infrastructure LtdUtilities Reliance MediaWorks Ltd Consumer Services Reliance Power LtdUtilities Rolta India LtdTechnology Ruchi Soya Industries Ltd Consumer Goods Rural Electrification Corp LtdUtilities S Kumars Nationwide Ltd Consumer Goods Sadbhav Engineering LtdIndustrials Satyam Computer Services LtdTechnology Sesa Goa LtdBasic Materials Shipping Corp of India LtdIndustrials Shiv-Vani Oil & Gas Exploration Services LtdOil & Gas Shree Renuka Sugars Ltd Consumer Goods Siemens India LtdIndustrials Sintex Industries LtdIndustrials SKS Microfinance Ltd Financials South Indian Bank Ltd Financials SREI Infrastructure Finance Ltd Financials SRF LtdBasic Materials State Bank of India Financials Steel Authority of India LtdBasic Materials Sterling Biotech Ltd Health Care Sterlite Technologies LtdTechnology Sun Pharma Advanced Research Co Ltd Health Care Sun Pharmaceutical Industries Ltd Health Care Sun TV Network Ltd Consumer Services Suzlon Energy LtdOil & Gas Syndicate Bank Financials Tata Chemicals LtdBasic Materials Tata Communications LtdTelecommunications Tata Consultancy Services LtdTechnology Tata Global Beverages Ltd Consumer Goods Tata Motors LtdIndustrials Tata Power Co LtdUtilities Tata Steel LtdBasic Materials Tata Teleservices Maharashtra LtdTelecommunications Tech Mahindra LtdTechnology Tecpro Systems LtdIndustrials Thermax LtdIndustrials Titan Industries Ltd Consumer Goods Torrent Pharmaceuticals Ltd Health Care Torrent Power LtdUtilities Trent Ltd Consumer Services Triveni Engineering & Industries Ltd Consumer Goods TVS Motor Co Ltd Consumer Goods UCO Bank Financials Ultratech Cement LtdIndustrials Union Bank of India Financials Unitech Ltd Financials United Phosphorus LtdBasic Materials United Spirits Ltd Consumer Goods Usha Martin LtdBasic Materials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.20% 0.19% 0.27% 0.61% 0.08% 0.20% 0.45% 0.72% 0.16% 0.24% 0.33% 0.67% 0.18% 0.14% 0.34% 0.69% 0.26% 0.14% 0.27% 0.50% 0.28% 0.14% 0.00% 0.51% 0.22% 0.20% 0.20% 0.86% 0.20% 0.19% 0.27% 0.61% 0.08% 0.20% 0.45% 0.72% 0.16% 0.24% 0.33% 0.67% 0.18% 0.14% 0.34% 0.69% 0.26% 0.14% 0.26% 0.50% 0.28% 0.14% 0.00% 0.51% 0.22% 0.20% 0.20% 0.86% 191 487 609 116 213 834 36 014 317 164 269 958 46 433 870 14 628 908 2 755 581 650 40 149 451 1 509 091 820 179 971 048 65 862 578 97 572 933 179 493 762 83 814 034 391 380 862 132 261 835 29 027 111 257 837 704 85 911 222 13 608 113 356 583 962 55 558 395 47 859 705 129 294 426 12 884 371 45 155 164 161 276 476 131 939 533 16 066 200 7 603 399 23 900 038 117 715 682 37 702 929 0.76% 0.81% 0.57% 1.64% 0.87% 0.51% 1.60% 1.06% 2.11% 0.86% 0.96% 1.29% 0.91% 1.07% 0.88% 0.72% 1.61% 3.04% 0.58% 0.37% 2.11% 4.22% 0.68% 1.37% 1.11% 1.12% 0.85% 1.13% 0.83% 0.54% 0.91% 1.39% 1.02% 0.76% 0.81% 0.57% 1.64% 0.87% 0.51% 1.60% 1.06% 2.11% 0.86% 0.95% 1.29% 0.82% 1.06% 0.88% 0.72% 1.61% 3.04% 0.58% 0.33% 2.11% 4.22% 0.68% 1.36% 1.11% 1.12% 0.85% 0.99% 0.83% 0.54% 0.91% 1.39% 1.02% 6 238 374 121 019 970 126 473 260 192 901 866 217 125 7 779 422 122 793 289 17 408 310 60 969 835 101 057 906 2 562 375 856 6 383 982 477 148 850 330 23 704 394 464 255 368 2 118 515 2 464 134 666 4 284 707 87 491 826 96 802 901 35 894 834 89 384 246 61 484 741 114 645 883 21 609 643 134 828 702 58 644 748 22 948 181 57 034 380 2 412 210 828 100 879 014 110 648 491 50 628 831 4 166 979 5 752 557 22 402 020 61 020 775 469 732 278 163 076 142 2 021 879 39 633 423 405 843 402 699 379 741 82 638 827 38 038 728 2 423 155 835 616 531 52 747 999 98 482 588 193 926 201 62 453 850 10 808 163 371 720 948 33 282 957 89 235 962 6 876 872 12 563 434 80 160 431 1 461 998 721 73 814 301 0.22% 1.01% 0.02% 0.87% 0.01% 0.11% 0.89% 1.31% 0.18% 0.16% 0.93% 1.25% 1.22% 1.05% 1.11% 0.18% 1.66% 0.30% 1.10% 1.59% 0.52% 1.05% 1.13% 0.85% 0.99% 2.03% 0.82% 0.59% 1.32% 1.20% 0.87% 0.74% 0.45% 0.28% 0.50% 0.86% 0.49% 0.57% 1.97% 0.10% 0.88% 0.97% 1.56% 0.47% 0.74% 0.00% 3.02% 0.77% 1.84% 0.86% 2.13% 0.46% 2.06% 0.57% 0.78% 0.30% 1.11% 1.36% 1.15% 0.63% 0.22% 1.01% 1.54% 0.87% 0.01% 0.11% 0.89% 1.31% 0.17% 0.16% 0.93% 1.25% 1.22% 1.05% 1.06% 0.18% 1.62% 0.30% 1.22% 1.59% 0.52% 1.05% 1.13% 0.85% 0.99% 2.02% 0.82% 0.59% 1.31% 1.20% 0.81% 1.06% 0.84% 0.28% 0.44% 0.86% 0.49% 0.57% 1.97% 0.10% 0.88% 0.97% 1.56% 0.47% 0.70% 0.00% 3.02% 0.77% 1.84% 0.84% 2.13% 0.46% 2.06% 0.54% 0.78% 0.30% 1.17% 1.36% 1.15% 0.63% 9 961 766 16 476 604 24 167 270 478 667 742 138 158 745 67 322 012 2 352 715 11 633 95 966 846 99 822 368 15 831 652 2 472 755 637 614 321 470 384 173 627 25 189 051 119 801 060 49 357 113 4 618 957 659 619 966 337 145 710 866 7 567 489 1.43% 1.33% 0.98% 0.46% 1.72% 0.52% 0.55% 0.00% 1.52% 0.00% 0.07% 0.59% 1.44% 0.31% 0.78% 2.16% 0.68% 0.92% 1.99% 1.90% 1.38% 0.25% 1.43% 1.33% 0.98% 0.46% 1.72% 0.52% 0.55% 0.00% 1.52% 0.00% 0.07% 0.59% 1.82% 0.36% 0.78% 2.16% 0.68% 0.92% 1.98% 1.90% 1.38% 0.25% 33 111 985 490 440 538 30 879 331 2 951 349 11 037 729 92 717 787 1 374 998 0.28% 3.13% 0.52% 0.18% 0.10% 1.39% 0.11% 0.28% 3.13% 0.52% 0.18% 0.10% 1.39% 0.11% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 18 Government pension fund global ANNUAL REPORT 2010 15 637 005 13 985 771 22 409 235 23 070 823 106 671 756 108 520 527 62 574 106 15 971 948 5 673 206 16 443 072 42 374 066 34 477 074 9 357 826 17 146 593 49 318 990 89 289 141 27 414 149 8 111 794 29 658 556 92 273 978 30 338 899 4 917 381 877 9 845 957 13 812 626 15 692 154 19 857 899 2 437 651 869 Credito Artigiano SpA Financials Credito Emiliano SpA Financials Danieli & C Officine Meccaniche SpAIndustrials Davide Campari-Milano SpA Consumer Goods DeA Capital SpA Financials De’Longhi SpA Consumer Goods DiaSorin SpA Health Care Digital Multimedia Technologies SpATechnology Edison SpAUtilities Enel Green Power SpAUtilities Enel SpAUtilities ENI SpAOil & Gas ERG SpAOil & Gas Esprinet SpATechnology Exor SpA Financials Falck Renewables SpAUtilities Fiat SpA Consumer Goods Fiera Milano SpAIndustrials Fondiaria-Sai SpA Financials Gemina SpAIndustrials Geox SpA Consumer Goods Gruppo Coin SpA Consumer Services Gruppo Editoriale L’Espresso SpA Consumer Services Hera SpAUtilities IMMSI SpA Consumer Goods Impregilo SpAIndustrials Indesit Co SpA Consumer Goods Industria Macchine Automatiche SpAIndustrials Interpump Group SpAIndustrials Intesa Sanpaolo SpA Financials Iren SpAUtilities Italcementi SpAIndustrials Italmobiliare SpAIndustrials Juventus Football Club SpA Consumer Services KME Group SpABasic Materials Landi Renzo SpA Consumer Goods Lottomatica SpA Consumer Services Luxottica Group SpA Consumer Goods Maire Tecnimont SpAIndustrials Marcolin SpA Consumer Goods MARR SpA Consumer Services Mediaset SpA Consumer Services Mediobanca SpA Financials Mediolanum SpA Financials Milano Assicurazioni SPA Financials Mittel SpA Financials Parmalat SpA Consumer Goods Piaggio & C SpA Consumer Goods Piccolo Credito Valtellinese Scarl Financials Pirelli & C SpA Consumer Goods Prelios SpA Financials Premafin Finanziaria SpA Financials Prysmian SpAIndustrials RCS MediaGroup SpA Consumer Services Recordati SpA Health Care Sabaf SpAIndustrials SAES Getters SpAIndustrials Safilo Group SpA Consumer Goods Saipem SpAOil & Gas Saras SpAOil & Gas Screen Service Broadcasting Technologies SpATechnology Seat Pagine Gialle SpA Consumer Services Snai SpA Consumer Services Snam Rete Gas SpAUtilities Societa Cattolica di Assicurazioni SCRL Financials Societa Iniziative Autostradali e Servizi SpAIndustrials Socotherm SpABasic Materials Sogefi SpA Consumer Goods Sorin SpA Health Care Stefanel SpA Consumer Goods Tamburi Investment Partners SpA Financials Telecom Italia Media SpA Consumer Services Telecom Italia SpATelecommunications Tenaris SABasic Materials Terna Rete Elettrica Nazionale SpAUtilities Tiscali SpATechnology Tod’s SpA Consumer Goods Trevi Finanziaria SpAIndustrials UniCredit SpA Financials Unione di Banche Italiane SCPA Financials Unipol Gruppo Finanziario SpA Financials Zignago Vetro SpAIndustrials Japan 77 Bank Ltd/The Financials ABC-Mart Inc Consumer Goods Accordia Golf Co Ltd Consumer Services Achilles Corp/JapanBasic Materials Acom Co Ltd Financials ADEKA CorpBasic Materials Advan Co LtdIndustrials Ownership 0.13% 0.10% 0.49% 0.41% 0.65% 0.48% 0.27% 1.76% 0.01% 0.55% 0.21% 0.14% 0.10% 0.18% 0.80% 0.19% 0.30% 0.19% 0.22% 2.50% 0.06% 0.83% 0.33% 0.35% 0.49% 2.47% 0.43% Voting 0.13% 0.10% 0.49% 0.41% 0.65% 0.48% 0.27% 1.76% 0.01% 0.55% 0.21% 0.14% 0.10% 0.18% 0.80% 0.19% 0.30% 0.19% 0.22% 2.50% 0.06% 0.83% 0.33% 0.35% 0.49% 2.47% 0.43% Market value (NOK) Ownership 3 461 063 3 253 995 19 488 569 3 345 275 41 551 034 191 225 531 117 038 658 841 836 727 2 084 713 13 994 670 15 639 769 12 702 776 7 501 641 30 339 647 5 400 331 20 728 929 5 958 068 4 327 863 5 456 348 12 390 585 5 593 245 12 409 901 11 509 513 39 848 398 5 842 694 62 633 795 10 678 130 Sector Voting Israel Africa Israel Properties Ltd Financials Alon Holdings Blue Square Israel Ltd Consumer Services Alony Hetz Properties & Investments Ltd Financials Alvarion LtdTechnology B Communications LtdTechnology Bank Hapoalim BM Financials Bank Leumi Le-Israel BM Financials Bezeq The Israeli Telecommunication Corp LtdTelecommunications Cellcom Israel LtdTelecommunications Ceragon Networks LtdTechnology Clal Industries and Investments LtdIndustrials Clal Insurance Enterprise Holdings Ltd Financials Delek Automotive Systems Ltd Consumer Services Delek Group Ltd Financials Delek Real Estate Ltd Financials Discount Investment Corp Financials Elbit Imaging Ltd Financials Elco Holdings Ltd Consumer Goods Electra Ltd/IsraelIndustrials Emblaze LtdTechnology First International Bank Of Israel Ltd Financials FMS Enterprises Migun LtdIndustrials Frutarom Industries LtdBasic Materials Gazit-Globe Ltd Financials Gilat Satellite Networks LtdTechnology Given Imaging Ltd Health Care Hadera Paper LtdBasic Materials Harel Insurance Investments & Financial Services Ltd Financials Hot Telecommunication System Ltd Consumer Services IDB Holding Corp LtdIndustrials Internet Gold-Golden Lines LtdTelecommunications Israel Chemicals LtdBasic Materials Israel Corp Ltd/TheBasic Materials Israel Discount Bank Ltd Financials Ituran Location and Control LtdIndustrials Jerusalem Economy Ltd Financials Koor Industries LtdBasic Materials Makhteshim-Agan Industries LtdBasic Materials Mellanox Technologies LtdTechnology Menorah Mivtachim Holdings Ltd Financials Migdal Insurance & Financial Holding Ltd Financials Mizrahi Tefahot Bank Ltd Financials NICE Systems LtdTechnology Oil Refineries LtdOil & Gas Ormat IndustriesUtilities Osem Investments Ltd Consumer Goods Partner Communications Co LtdTelecommunications Paz Oil Co LtdOil & Gas Property & Building Corp Financials Queenco Leisure International Ltd Consumer Services Retalix LtdTechnology Shikun & Binui LtdIndustrials Shufersal Ltd Consumer Services Strauss Group Ltd Consumer Goods Teva Pharmaceutical Industries Ltd Health Care Italy A2A SpAUtilities ACEA SpAUtilities Amplifon SpA Health Care Ansaldo STS SpAIndustrials Arnoldo Mondadori Editore SpA Consumer Services Ascopiave SpAUtilities Assicurazioni Generali SpA Financials Astaldi SpAIndustrials Atlantia SpAIndustrials Autogrill SpA Consumer Services Autostrada Torino-Milano SpAIndustrials Azimut Holding SpA Financials Banca Carige SpA Financials Banca Generali SpA Financials Banca Monte dei Paschi di Siena SpA Financials Banca Popolare dell’Emilia Romagna Scrl Financials Banca Popolare dell’Etruria e del Lazio Financials Banca Popolare di Milano Scarl Financials Banca Popolare di Sondrio SCARL Financials Banco di Desio e della Brianza SpA Financials Banco Popolare SC Financials BasicNet SpA Consumer Goods Benetton Group SpA Consumer Goods Beni Stabili SpA Financials Biesse SpAIndustrials Brembo SpA Consumer Goods Bulgari SpA Consumer Goods Buzzi Unicem SpAIndustrials Cam Finanziaria SpA Financials Carraro SpAIndustrials Cementir Holding SpAIndustrials CIR-Compagnie Industriali Riunite SpAIndustrials Cofide SpAIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Casio Computer Co Ltd Consumer Goods Cawachi Ltd Consumer Services Cedyna Financial Corp Financials Central Glass Co LtdIndustrials Central Japan Railway Co Consumer Services Century Tokyo Leasing CorpIndustrials Chiba Bank Ltd/The Financials Chiba Kogyo Bank Ltd/The Financials Chiyoda Co Ltd Consumer Services Chiyoda CorpIndustrials Chiyoda Integre Co LtdIndustrials Chofu Seisakusho Co Ltd Consumer Goods Chori Co Ltd Consumer Goods Chubu Electric Power Co IncUtilities Chudenko CorpIndustrials Chuetsu Pulp & Paper Co LtdBasic Materials Chugai Pharmaceutical Co Ltd Health Care Chugai Ro Co LtdIndustrials Chugoku Bank Ltd/The Financials Chugoku Electric Power Co Inc/TheUtilities Chugoku Marine Paints LtdBasic Materials Chukyo Bank Ltd/The Financials Chuo Denki Kogyo Co LtdBasic Materials Chuo Mitsui Trust Holdings Inc Financials Chuo Spring Co Ltd Consumer Goods Circle K Sunkus Co Ltd Consumer Services Citizen Holdings Co Ltd Consumer Goods CKD CorpIndustrials Clarion Co Ltd Consumer Goods Cleanup Corp Consumer Goods CMIC Co Ltd Health Care CMK Corp/JapanIndustrials Coca-Cola Central Japan Co Ltd Consumer Goods Coca-Cola West Co Ltd Consumer Goods Cocokara fine Inc Consumer Services Colowide Co Ltd Consumer Services COMSYS Holdings CorpIndustrials Corona Corp Consumer Goods Cosel Co LtdIndustrials Cosmo Oil Co LtdOil & Gas Cosmos Pharmaceutical Corp Consumer Services Credit Saison Co Ltd Financials Cross Plus Inc Consumer Goods CSK CorpTechnology Culture Convenience Club Co Ltd Consumer Services CyberAgent IncTechnology Cybernet Systems Co LtdTechnology Cybozu IncTechnology Dai Nippon Printing Co Ltd Consumer Services Dai Nippon Toryo Co LtdBasic Materials Daibiru Corp Financials Daicel Chemical Industries LtdBasic Materials Dai-Dan Co LtdIndustrials Daido Metal Co LtdIndustrials Daido Steel Co LtdBasic Materials Daidoh Ltd Consumer Goods Daiei Inc/The Consumer Services Daifuku Co LtdIndustrials Daihatsu Motor Co Ltd Consumer Goods Daihen CorpIndustrials Daiichi Chuo KKIndustrials Daiichi Jitsugyo Co LtdIndustrials Dai-ichi Life Insurance Co Ltd/The Financials Daiichi Sankyo Co Ltd Health Care Daiken CorpIndustrials Daikin Industries LtdIndustrials Daikoku Denki Co Ltd Consumer Services Daikokutenbussan Co Ltd Consumer Services Daikyo Inc Financials Dainichiseika Color & Chemicals Manufacturing Co LtdBasic Materials Dainippon Screen Manufacturing Co LtdTechnology Dainippon Sumitomo Pharma Co Ltd Health Care Daio Paper CorpBasic Materials Daisan Bank Ltd/The Financials Daiseki Co LtdIndustrials Daishi Bank Ltd/The Financials Daiso Co LtdBasic Materials Daisyo Corp Consumer Services Daito Trust Construction Co LtdIndustrials Daiwa House Industry Co Ltd Consumer Goods Daiwa Industries LtdIndustrials Daiwa Securities Group Inc Financials Daiwabo Holdings Co LtdIndustrials DCM Holdings Co Ltd Consumer Services Dena Co Ltd Consumer Services Denki Kagaku Kogyo KKBasic Materials Denki Kogyo Co LtdTechnology Denso Corp Consumer Goods Dentsu Inc Consumer Services Denyo Co LtdIndustrials Market value (NOK) 8 876 352 45 405 076 9 741 362 76 054 711 369 638 895 14 377 179 103 614 151 2 045 219 3 504 166 49 509 739 1 139 898 6 105 255 1 121 931 580 733 166 3 791 662 853 327 88 161 422 5 357 034 44 734 276 80 660 767 5 826 589 1 923 372 20 431 260 122 481 164 135 449 16 481 711 43 355 637 11 316 348 247 534 1 332 450 99 630 2 184 724 2 459 405 18 406 452 9 905 179 1 715 684 26 693 191 851 657 4 052 067 32 464 555 8 572 400 190 836 076 6 102 933 5 132 432 12 582 357 17 758 835 34 660 99 280 185 584 967 1 235 379 7 219 232 27 928 200 1 678 919 3 454 445 9 462 559 2 224 943 4 717 131 7 808 978 62 864 269 112 525 653 3 581 867 2 296 609 1 227 382 274 430 491 494 1 833 575 541 554 919 96 799 29 316 654 6 279 017 0.07% 1.54% 0.11% 1.31% 0.35% 0.14% 0.31% 0.12% 0.11% 0.33% 0.10% 0.13% 0.06% 0.53% 0.08% 0.07% 0.15% 0.28% 0.27% 0.18% 0.17% 0.06% 1.77% 0.31% 0.01% 0.20% 0.31% 0.33% 0.01% 0.07% 0.01% 0.10% 0.07% 0.16% 0.31% 0.07% 0.29% 0.05% 0.12% 0.20% 0.19% 1.08% 1.33% 0.15% 0.19% 0.22% 0.01% 0.01% 0.33% 0.11% 0.13% 0.18% 0.12% 0.17% 0.06% 0.11% 0.00% 0.17% 0.16% 2.93% 0.09% 0.17% 1.30% 0.48% 0.09% 0.90% 0.01% 1.00% 0.12% 0.07% 1.54% 0.11% 1.31% 0.35% 0.14% 0.31% 0.12% 0.11% 0.33% 0.10% 0.13% 0.06% 0.53% 0.08% 0.07% 0.15% 0.28% 0.27% 0.18% 0.17% 0.06% 1.77% 0.31% 0.01% 0.20% 0.31% 0.33% 0.01% 0.07% 0.01% 0.10% 0.07% 0.16% 0.31% 0.07% 0.29% 0.05% 0.12% 0.20% 0.19% 1.08% 1.33% 0.15% 0.19% 0.22% 0.01% 0.01% 0.33% 0.11% 0.13% 0.18% 0.12% 0.17% 0.06% 0.11% 0.10% 0.17% 0.16% 2.93% 0.09% 0.17% 1.30% 0.48% 0.09% 0.90% 0.01% 1.00% 0.12% 2 704 675 2 067 564 25 323 496 13 518 501 3 055 552 52 368 600 24 104 142 2 089 422 1 186 846 151 747 844 151 035 133 2 604 629 230 659 365 11 158 611 10 130 935 478 028 503 53 694 031 399 323 1 244 826 478 93 605 120 2 203 944 0.09% 0.02% 0.12% 0.25% 0.11% 0.96% 0.36% 0.11% 0.08% 0.32% 0.35% 0.17% 0.44% 0.40% 0.18% 1.52% 0.38% 0.02% 0.70% 0.19% 0.18% 0.09% 0.02% 0.12% 0.25% 0.11% 0.96% 0.36% 0.11% 0.08% 0.32% 0.35% 0.17% 0.44% 0.40% 0.18% 1.52% 0.38% 0.02% 0.70% 0.19% 0.18% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 19 Government pension fund global ANNUAL REPORT 2010 0.02% 0.33% 1.09% 0.23% 2.64% 0.39% 0.02% 0.18% 0.12% 0.09% 0.01% 0.13% 0.17% 0.14% 0.02% 0.20% 0.17% 0.28% 1.14% 0.07% 0.31% 0.05% 0.26% 0.17% 0.22% 0.15% 0.01% 0.09% 0.01% 0.21% 0.37% 1.30% 0.33% 0.32% 0.02% 0.04% 0.01% 0.22% 0.15% 0.33% 1.17% 0.17% 0.11% 0.09% 0.14% 0.18% 3.40% 0.09% 0.04% 0.63% 1.11% 0.35% 0.11% 0.12% 0.17% 0.31% 0.96% 0.02% 1.73% 0.27% 0.48% 0.20% 0.30% 0.61% 0.31% 0.01% 2.67% 0.17% 0.24% 0.28% 0.12% 0.20% 0.18% 0.44% 0.38% 2.09% 0.18% 1.97% 0.33% 0.15% 0.08% 0.01% 0.35% 0.19% 0.17% 1.31% 0.09% 0.18% 0.58% 0.14% 0.02% Sector Ownership Voting 0.02% 0.33% 1.09% 0.23% 2.64% 0.39% 0.02% 0.18% 0.12% 0.09% 0.01% 0.13% 0.17% 0.14% 0.02% 0.20% 0.17% 0.28% 1.14% 0.07% 0.31% 0.05% 0.26% 0.17% 0.22% 0.15% 0.01% 0.09% 0.01% 0.21% 0.37% 1.30% 0.33% 0.32% 0.02% 0.04% 0.01% 0.22% 0.15% 0.33% 1.17% 0.17% 0.11% 0.09% 0.14% 0.18% 3.40% 0.09% 0.04% 0.63% 1.11% 0.35% 0.11% 0.12% 0.17% 0.31% 0.96% 0.02% 1.73% 0.27% 0.63% 0.20% 0.30% 0.61% 0.31% 0.01% 2.67% 0.17% 0.24% 0.28% 0.12% 0.20% 0.18% 0.44% 0.38% 2.09% 0.18% 1.97% 0.33% 0.16% 0.08% 0.01% 0.35% 0.19% 0.17% 1.31% 0.09% 0.18% 0.58% 0.14% 0.02% Ownership 4 923 463 192 456 228 140 274 728 14 289 864 33 071 852 110 593 423 229 281 8 842 581 4 922 021 1 818 525 236 498 10 458 506 3 589 392 1 745 074 136 825 6 590 635 3 339 349 39 834 256 15 851 029 1 975 022 185 636 210 20 063 735 13 036 002 5 613 239 29 788 439 83 495 744 211 300 3 743 595 168 558 12 118 147 45 339 294 15 243 702 62 594 159 14 715 058 131 865 2 163 955 445 476 11 280 013 4 976 487 23 512 955 233 417 309 2 022 630 1 561 638 3 548 155 4 444 188 2 009 156 167 128 244 2 210 781 21 891 159 13 007 379 72 651 479 279 345 393 5 063 267 61 931 857 2 603 984 22 360 709 143 054 509 307 519 79 886 606 275 427 714 7 475 480 3 205 620 25 810 582 23 861 446 25 792 880 174 851 25 855 122 4 027 773 12 700 828 58 769 703 4 694 123 9 616 861 5 109 786 12 019 248 157 755 165 12 590 670 3 212 744 19 814 746 94 220 077 2 658 809 3 265 253 310 457 316 736 627 46 033 508 1 886 392 12 745 769 5 619 188 12 362 722 2 348 012 687 17 803 583 1 235 465 Voting Advantest CorpTechnology Aeon Co Ltd Consumer Services Aeon Credit Service Co Ltd Financials Aeon Delight Co LtdIndustrials Aeon Fantasy Co Ltd Consumer Services Aeon Mall Co Ltd Financials Ai Holdings CorpTechnology Aica Kogyo Co LtdIndustrials Aichi Bank Ltd/The Financials Aichi CorpIndustrials Aichi Machine Industry Co Ltd Consumer Goods Aichi Steel CorpBasic Materials Aida Engineering LtdIndustrials Aiful Corp Financials Aigan Co Ltd Consumer Services Ain Pharmaciez Inc Consumer Services Aiphone Co LtdIndustrials Air Water IncBasic Materials Airport Facilities Co Ltd Financials Aisan Industry Co Ltd Consumer Goods Aisin Seiki Co Ltd Consumer Goods Ajinomoto Co Inc Consumer Goods Akebono Brake Industry Co Ltd Consumer Goods Akita Bank Ltd/The Financials Alfresa Holdings Corp Health Care All Nippon Airways Co Ltd Consumer Services Aloka Co Ltd Health Care Alpen Co Ltd Consumer Services Alpha Systems IncTechnology Alpine Electronics Inc Consumer Goods Alps Electric Co LtdIndustrials Alps Logistics Co LtdIndustrials Amada Co LtdIndustrials Amano CorpIndustrials Ando CorpIndustrials Anritsu CorpTechnology AOC Holdings IncOil & Gas AOKI Holdings Inc Consumer Services Aomori Bank Ltd/The Financials Aoyama Trading Co Ltd Consumer Services Aozora Bank Ltd Financials Arakawa Chemical Industries LtdBasic Materials Arc Land Sakamoto Co Ltd Consumer Services Arcs Co Ltd Consumer Services Ariake Japan Co Ltd Consumer Goods Arisawa Manufacturing Co LtdBasic Materials Arnest One Corp Financials As One Corp Health Care Asahi Breweries Ltd Consumer Goods Asahi Co Ltd Consumer Services Asahi Diamond Industrial Co LtdIndustrials Asahi Glass Co LtdIndustrials Asahi Holdings IncBasic Materials Asahi Kasei CorpBasic Materials Asahi Organic Chemicals Industry Co LtdBasic Materials Asatsu-DK Inc Consumer Services Asics Corp Consumer Goods ASKA Pharmaceutical Co Ltd Health Care ASKUL CorpIndustrials Astellas Pharma Inc Health Care Asunaro Aoki Construction Co LtdIndustrials Atsugi Co Ltd Consumer Goods Autobacs Seven Co Ltd Consumer Services Avex Group Holdings Inc Consumer Services Awa Bank Ltd/The Financials Axell CorpTechnology Bals Corp Consumer Services Bando Chemical Industries LtdBasic Materials Bank of Iwate Ltd/The Financials Bank of Kyoto Ltd/The Financials Bank of Nagoya Ltd/The Financials Bank of Okinawa Ltd/The Financials Bank of Saga Ltd/The Financials Bank of the Ryukyus Ltd Financials Bank of Yokohama Ltd/The Financials Bell-Park Co Ltd Consumer Services Belluna Co Ltd Consumer Services Benefit One IncIndustrials Benesse Holdings Inc Consumer Services Best Denki Co Ltd Consumer Services Bic Camera Inc Consumer Services BML Inc Health Care Bridgestone Corp Consumer Goods Brother Industries LtdTechnology Bunka Shutter Co LtdIndustrials CAC CorpTechnology Calsonic Kansei Corp Consumer Goods Canon Electronics IncTechnology Canon IncTechnology Canon Marketing Japan IncTechnology Capcom Co LtdTechnology Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Gourmet Kineya Co Ltd Consumer Services Gourmet Navigator Inc Consumer Services Gree Inc Consumer Services GROWELL HOLDINGS Co Ltd Consumer Services GS Yuasa Corp Consumer Goods Gulliver International Co Ltd Consumer Services Gun-Ei Chemical Industry Co LtdBasic Materials Gunma Bank Ltd/The Financials Gunze Ltd Consumer Goods H2O Retailing Corp Consumer Services Hachijuni Bank Ltd/The Financials HAJIME CONSTRUCTION Co Ltd Consumer Goods Hakuhodo DY Holdings Inc Consumer Services Hakuto Co LtdIndustrials Hamakyorex Co LtdIndustrials Hamamatsu Photonics KKIndustrials Hankyu Hanshin Holdings Inc Consumer Services Hanwa Co LtdIndustrials Haseko CorpIndustrials Heiwa Corp Consumer Services Heiwa Real Estate Co Ltd Financials Heiwado Co Ltd Consumer Services Hibiya Engineering LtdIndustrials Higashi-Nippon Bank Ltd/The Financials Higo Bank Ltd/The Financials Hikari Tsushin IncTelecommunications HI-LEX CORPIndustrials Hino Motors LtdIndustrials Hioki EE CorpIndustrials Hirano Tecseed Co Ltd/KinzokuIndustrials Hirose Electric Co LtdIndustrials Hiroshima Bank Ltd/The Financials HIS Co Ltd Consumer Services Hisaka Works LtdIndustrials Hisamitsu Pharmaceutical Co Inc Health Care Hitachi Cable LtdIndustrials Hitachi Capital Corp Financials Hitachi Chemical Co LtdBasic Materials Hitachi Construction Machinery Co LtdIndustrials Hitachi High-Technologies CorpTechnology Hitachi Koki Co LtdIndustrials Hitachi Kokusai Electric IncTechnology Hitachi LtdIndustrials Hitachi Medical Corp Health Care Hitachi Metals LtdBasic Materials Hitachi Tool Engineering LtdIndustrials Hitachi Transport System LtdIndustrials Hitachi Zosen CorpIndustrials Hodogaya Chemical Co LtdBasic Materials Hogy Medical Co Ltd Health Care Hokkaido Electric Power Co IncUtilities Hokkaido Gas Co LtdUtilities Hokkan Holdings LtdIndustrials Hokkoku Bank Ltd/The Financials Hokuetsu Bank Ltd/The Financials Hokuetsu Kishu Paper Co LtdBasic Materials Hokuhoku Financial Group Inc Financials Hokuriku Electric Industry Co LtdIndustrials Hokuriku Electric Power CoUtilities Hokuto Corp Consumer Goods Honda Motor Co Ltd Consumer Goods Honeys Co Ltd Consumer Goods Horiba LtdIndustrials Hoshizaki Electric Co LtdIndustrials Hosiden CorpIndustrials Hosokawa Micron CorpIndustrials House Foods Corp Consumer Goods Hoya CorpIndustrials Hulic Co Ltd Financials Hyakugo Bank Ltd/The Financials Hyakujushi Bank Ltd/The Financials Ibiden Co LtdIndustrials IBJ Leasing Co Ltd Financials Ichibanya Co Ltd Consumer Services Ichikoh Industries Ltd Consumer Goods Ichiyoshi Securities Co Ltd Financials Icom IncTechnology Idec Corp/JapanIndustrials Idemitsu Kosan Co LtdOil & Gas IHI CorpIndustrials Iida Home Max Financials Iino Kaiun Kaisha LtdIndustrials Inaba Denki Sangyo Co LtdIndustrials Inaba Seisakusho Co Ltd Consumer Goods Inabata & Co LtdBasic Materials Inageya Co Ltd Consumer Services Ines CorpTechnology Information Services International-Dentsu LtdTechnology Inpex CorpOil & Gas Internet Initiative Japan IncTechnology Inui Steamship Co LtdIndustrials Market value (NOK) 97 824 3 320 429 334 793 993 40 665 897 61 179 688 3 357 875 1 405 227 43 981 138 15 166 747 16 121 983 49 097 373 37 803 743 38 865 009 1 618 039 284 715 159 081 836 154 100 251 48 862 022 252 819 588 14 592 703 11 044 591 3 824 786 3 582 225 1 926 239 21 731 998 584 823 33 634 538 33 851 002 1 090 040 46 316 876 78 825 663 43 382 296 91 567 777 12 050 423 35 735 248 12 489 377 67 068 877 29 791 764 53 190 821 1 482 641 63 793 777 1 388 027 558 880 734 172 428 172 766 147 1 701 838 11 576 187 16 880 568 2 256 619 74 025 603 22 615 353 984 476 1 176 397 20 128 973 3 250 770 11 762 791 46 508 558 2 948 913 538 384 940 13 888 505 1 948 961 954 198 209 18 402 718 53 270 735 13 127 047 1 803 117 15 013 439 283 173 608 14 745 781 15 752 187 19 992 449 449 069 161 24 518 981 7 558 620 187 478 3 376 114 239 185 3 570 680 32 185 344 55 380 926 189 198 2 816 882 10 346 936 771 155 3 914 712 380 976 436 475 134 388 753 957 674 248 000 1 568 045 0.01% 0.15% 1.99% 1.62% 0.37% 0.11% 0.10% 0.28% 0.29% 0.18% 0.28% 0.66% 0.30% 0.11% 0.02% 0.89% 0.45% 0.86% 3.26% 0.17% 0.40% 0.08% 0.19% 0.08% 0.30% 0.01% 0.93% 0.19% 0.06% 3.22% 0.30% 0.28% 1.84% 0.48% 0.15% 0.21% 0.60% 0.12% 0.18% 0.01% 0.95% 0.02% 0.40% 0.01% 0.67% 0.09% 0.11% 0.24% 0.11% 1.60% 0.09% 0.08% 0.10% 0.29% 0.11% 0.17% 0.28% 0.27% 1.71% 0.31% 0.47% 0.01% 0.26% 0.69% 0.26% 0.17% 0.15% 0.46% 0.18% 0.25% 0.30% 1.62% 0.45% 0.28% 0.01% 0.17% 0.01% 0.17% 0.13% 0.29% 0.01% 0.10% 0.27% 0.07% 0.17% 0.01% 0.02% 0.01% 0.61% 0.01% 0.15% 0.01% 0.15% 1.99% 1.62% 0.37% 0.11% 0.10% 0.28% 0.29% 0.18% 0.28% 0.66% 0.30% 0.11% 0.02% 0.89% 0.45% 0.86% 3.26% 0.17% 0.40% 0.08% 0.19% 0.08% 0.30% 0.01% 0.93% 0.19% 0.06% 3.22% 0.30% 0.28% 1.84% 0.48% 0.15% 0.21% 0.60% 0.12% 0.18% 0.01% 0.95% 0.02% 0.40% 0.01% 0.67% 0.09% 0.11% 0.24% 0.11% 1.60% 0.09% 0.08% 0.10% 0.29% 0.11% 0.17% 0.28% 0.27% 1.71% 0.31% 0.47% 0.01% 0.26% 0.69% 0.26% 0.17% 0.15% 0.46% 0.18% 0.25% 0.30% 1.62% 0.45% 0.28% 0.01% 0.17% 0.01% 0.17% 0.13% 0.29% 0.00% 0.10% 0.27% 0.07% 0.17% 0.01% 0.02% 0.01% 0.61% 0.01% 0.15% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 20 Government pension fund global ANNUAL REPORT 2010 0.17% 0.88% 1.02% 0.43% 0.35% 0.29% 1.12% 1.87% 0.94% 0.12% 0.12% 0.33% 0.07% 0.13% 0.07% 0.41% 0.18% 0.35% 0.37% 0.26% 0.18% 0.17% 2.71% 0.47% 0.01% 2.10% 1.59% 0.02% 0.18% 0.10% 0.17% 2.13% 0.33% 0.34% 2.23% 0.48% 0.22% 0.16% 0.04% 4.64% 0.16% 0.33% 0.27% 0.10% 0.01% 0.09% 0.36% 0.65% 1.50% 0.33% 0.06% 2.07% 0.04% 0.27% 0.55% 1.59% 0.79% 0.10% 0.49% 0.15% 0.49% 0.38% 0.17% 0.07% 0.17% 0.01% 2.50% 0.02% 0.13% 0.18% 0.38% 0.25% 0.19% 0.09% 0.14% 0.36% 0.16% 0.11% 3.16% 0.08% 0.19% 0.31% 0.11% 0.18% 0.12% 0.01% 0.18% 0.31% 0.37% 0.24% 1.35% Sector Ownership Voting 0.17% 0.87% 1.02% 0.43% 0.35% 0.29% 1.12% 1.87% 0.94% 0.12% 0.12% 0.33% 0.07% 0.13% 0.07% 0.41% 0.18% 0.35% 0.37% 0.26% 0.18% 0.17% 2.71% 0.47% 0.01% 2.10% 1.59% 0.02% 0.18% 0.10% 0.17% 2.13% 0.33% 0.34% 2.23% 0.48% 0.22% 0.16% 0.04% 4.64% 0.16% 0.33% 0.27% 0.10% 0.01% 0.09% 0.36% 0.65% 1.50% 0.33% 0.06% 2.07% 0.04% 0.27% 0.55% 1.59% 0.79% 0.10% 0.49% 0.15% 0.49% 0.38% 0.17% 0.07% 0.17% 0.01% 2.50% 0.02% 0.13% 0.18% 0.38% 0.25% 0.19% 0.09% 0.14% 0.36% 0.16% 0.11% 3.16% 0.08% 0.19% 0.31% 0.11% 0.18% 0.12% 0.01% 0.18% 0.31% 0.37% 0.24% 1.35% Ownership 4 112 052 1 881 233 121 969 658 11 546 826 41 902 967 39 575 463 28 440 824 75 193 966 111 432 860 7 360 098 2 273 281 24 680 552 1 708 410 4 815 059 8 089 723 12 319 529 7 306 686 522 527 699 44 604 439 14 523 975 4 907 114 5 026 868 40 196 026 295 947 520 231 725 638 883 898 27 682 110 2 573 526 3 313 227 2 648 646 1 917 452 195 183 440 33 125 459 73 464 817 127 171 195 1 033 713 896 219 673 312 11 728 714 851 392 92 055 930 3 382 349 13 225 258 19 156 322 1 980 777 86 085 3 868 896 48 809 993 9 509 555 83 582 407 117 319 287 2 022 415 117 020 688 7 748 012 19 914 312 22 163 327 57 161 690 8 608 520 2 503 293 532 812 524 1 930 395 51 508 504 10 295 136 2 600 730 2 230 604 4 735 689 111 756 95 777 094 15 784 274 3 967 430 8 058 698 81 629 525 1 984 073 16 104 840 6 446 062 3 839 004 67 278 607 6 352 331 1 037 989 61 881 620 1 266 983 9 812 122 9 206 279 1 345 909 10 603 099 1 658 351 60 601 7 152 804 30 644 382 10 830 395 5 145 260 73 328 729 Voting Descente Ltd Consumer Goods Diamond Dining Co Ltd Consumer Services DIC CorpBasic Materials Digital Garage IncTechnology Disco CorpIndustrials Don Quijote Co Ltd Consumer Services Doshisha Co LtdIndustrials Doutor Nichires Holdings Co Ltd Consumer Services Dowa Holdings Co LtdBasic Materials Dr Ci:Labo Co Ltd Consumer Goods DTS CorpTechnology Duskin Co Ltd Consumer Services Dwango Co LtdTechnology Dydo Drinco Inc Consumer Goods eAccess LtdTechnology Eagle Industry Co LtdIndustrials Earth Chemical Co LtdBasic Materials East Japan Railway Co Consumer Services Ebara CorpIndustrials EDION Corp Consumer Services Ehime Bank Ltd/The Financials Eighteenth Bank Ltd/The Financials Eiken Chemical Co Ltd Health Care Eisai Co Ltd Health Care Eizo Nanao CorpTechnology Electric Power Development Co LtdUtilities Elematec CorpIndustrials Elpida Memory IncTechnology Enplas CorpIndustrials EPS Co Ltd Health Care ESPEC CorpIndustrials Exedy Corp Consumer Goods Ezaki Glico Co Ltd Consumer Goods FamilyMart Co Ltd Consumer Services Fancl Corp Consumer Goods FANUC CORPIndustrials Fast Retailing Co Ltd Consumer Services FCC Co Ltd Consumer Goods FDK CorpIndustrials Ferrotec CorpTechnology FIDEA Holdings Co Ltd Financials Foster Electric Co LtdIndustrials FP CorpIndustrials France Bed Holdings Co Ltd Consumer Goods Fudo Tetra CorpIndustrials Fuji Co Ltd/Ehime Consumer Services Fuji Electric Holdings Co LtdIndustrials Fuji Electronics Co LtdTechnology Fuji Fire & Marine Insurance Co Ltd/The Financials Fuji Heavy Industries Ltd Consumer Goods Fuji Kyuko Co Ltd Consumer Services Fuji Machine Manufacturing Co LtdIndustrials Fuji Media Holdings Inc Consumer Services Fuji Oil Co Ltd Consumer Goods Fuji Seal International IncIndustrials Fuji Soft IncTechnology Fujibo Holdings Inc Consumer Goods Fujicco Co Ltd Consumer Goods FUJIFILM Holdings CorpTechnology Fujikura Kasei Co LtdBasic Materials Fujikura LtdIndustrials Fujimi IncBasic Materials Fujimori Kogyo Co LtdBasic Materials Fujita Kanko Inc Consumer Services Fujitec Co LtdIndustrials Fujitsu Frontech LtdTechnology Fujitsu General Ltd Consumer Goods Fujitsu LtdTechnology Fujiya Co Ltd Consumer Goods Fukui Bank Ltd/The Financials Fukuoka Financial Group Inc Financials Fukushima Bank Ltd/The Financials Fukuyama Transporting Co LtdIndustrials Funai Electric Co Ltd Consumer Goods Furukawa Co LtdIndustrials Furukawa Electric Co LtdIndustrials Furukawa-Sky Aluminum CorpBasic Materials Furuno Electric Co LtdIndustrials Furuya Metal Co LtdBasic Materials Fuso Pharmaceutical Industries Ltd Health Care Futaba Corp/ChibaIndustrials Futaba Industrial Co Ltd Consumer Goods Future Architect IncTechnology Fuyo General Lease Co Ltd Financials Gakken Holdings Co Ltd Consumer Services Gecoss CorpIndustrials Geo Corp Consumer Services Glory LtdIndustrials GMO internet IncTechnology Godo Steel LtdBasic Materials Goldcrest Co Ltd Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Keikyu Corp Consumer Services Keio Corp Consumer Services Keisei Electric Railway Co Ltd Consumer Services Keiyo Bank Ltd/The Financials Keiyo Co Ltd Consumer Services Kenedix Inc Financials Kenedix Realty Investment Corp Financials Kentucky Fried Chicken Japan Ltd Consumer Services Kewpie Corp Consumer Goods KEY Coffee Inc Consumer Goods Keyence CorpIndustrials Kikkoman Corp Consumer Goods Kinden CorpIndustrials Kinki Sharyo Co LtdIndustrials Kintetsu Corp Consumer Services Kintetsu World Express IncIndustrials Kirin Holdings Co Ltd Consumer Goods Kisoji Co Ltd Consumer Services Kissei Pharmaceutical Co Ltd Health Care Kitagawa Iron Works Co LtdIndustrials Kita-Nippon Bank Ltd/The Financials Kitano Construction CorpIndustrials Kito CorpIndustrials Kitz CorpIndustrials Kiyo Holdings Inc Financials Koa CorpIndustrials Koatsu Gas Kogyo Co LtdBasic Materials Kobayashi Pharmaceutical Co Ltd Health Care Kobe Steel LtdBasic Materials Kohnan Shoji Co Ltd Consumer Services Koito Manufacturing Co Ltd Consumer Goods Kojima Co Ltd Consumer Services Kokuyo Co Ltd Consumer Goods Komatsu LtdIndustrials Komatsu Seiren Co Ltd Consumer Goods Komeri Co Ltd Consumer Services Komori CorpIndustrials Konami Corp Consumer Goods Konica Minolta Holdings Inc Consumer Goods Konishi Co LtdBasic Materials Kose Corp Consumer Goods Kourakuen Corp Consumer Services K’s Holdings Corp Consumer Services Kubota CorpIndustrials Kumagai Gumi Co LtdIndustrials Kumiai Chemical Industry Co LtdBasic Materials Kurabo Industries Ltd Consumer Goods Kuraray Co LtdBasic Materials Kureha CorpBasic Materials Kurimoto LtdBasic Materials Kurita Water Industries LtdIndustrials Kuroda Electric Co LtdIndustrials Kyocera CorpIndustrials Kyodo Printing Co LtdIndustrials Kyoei Steel LtdBasic Materials Kyokuto Kaihatsu Kogyo Co LtdIndustrials Kyokuto Securities Co Ltd Financials Kyokuyo Co Ltd Consumer Goods KYORIN Holdings Inc Health Care Kyoritsu Maintenance Co Ltd Financials Kyosan Electric Manufacturing Co LtdIndustrials Kyoto Kimono Yuzen Co Ltd Consumer Services Kyowa Exeo CorpIndustrials Kyowa Hakko Kirin Co Ltd Health Care Kyudenko CorpIndustrials Kyushu Electric Power Co IncUtilities Lawson Inc Consumer Services Leopalace21 Corp Consumer Goods Lintec CorpIndustrials Lion Corp Consumer Goods M3 Inc Consumer Services Mabuchi Motor Co LtdIndustrials Mac House Co Ltd Consumer Services Macnica IncIndustrials Macromill Inc Consumer Services Maeda CorpIndustrials Maeda Road Construction Co LtdIndustrials Maezawa Kasei Industries Co LtdIndustrials Maezawa Kyuso Industries Co LtdIndustrials Makino Milling Machine Co LtdIndustrials Makita Corp Consumer Goods Mandom Corp Consumer Goods Mani Inc Health Care Mars Engineering Corp Consumer Services Marubeni CorpIndustrials Marudai Food Co Ltd Consumer Goods Maruetsu Inc/The Consumer Services Maruha Nichiro Holdings Inc Consumer Goods Marui Group Co Ltd Consumer Services Maruichi Steel Tube LtdBasic Materials Marusan Securities Co Ltd Financials Market value (NOK) 98 926 150 78 316 002 153 235 525 21 348 011 1 618 849 53 186 480 63 293 440 272 187 36 878 464 2 030 549 1 194 491 014 35 250 976 41 452 904 2 062 261 107 873 734 180 253 635 545 144 774 3 354 091 14 857 824 249 039 2 098 380 1 149 308 12 600 603 10 686 246 16 212 713 5 555 892 3 390 518 15 886 632 121 782 268 308 522 36 224 296 1 511 436 22 362 587 981 447 808 191 492 20 743 580 7 957 355 53 584 898 112 112 929 1 587 259 60 801 434 898 118 24 075 814 244 561 477 795 493 234 778 3 803 100 119 029 306 46 048 702 159 529 190 157 508 9 901 425 522 566 494 1 706 224 8 859 530 1 783 982 44 983 774 2 115 580 10 998 438 158 468 43 340 587 139 512 12 728 699 53 681 847 5 180 018 41 543 152 88 231 133 6 031 962 24 074 559 32 605 235 37 602 290 37 880 175 5 992 955 55 638 078 235 552 10 983 173 7 953 421 1 393 216 1 046 324 11 027 247 180 042 479 7 583 696 39 047 363 2 531 644 238 229 691 3 817 289 3 145 421 14 689 754 46 298 285 2 327 713 4 339 778 0.35% 0.31% 1.14% 0.25% 0.09% 1.31% 0.99% 0.01% 0.32% 0.09% 1.28% 0.26% 0.29% 0.10% 0.35% 3.01% 0.69% 0.10% 0.23% 0.03% 0.17% 0.10% 1.64% 0.32% 0.27% 0.18% 0.17% 0.14% 0.26% 0.01% 0.25% 0.11% 0.35% 0.56% 0.02% 0.29% 0.17% 0.30% 0.35% 0.11% 0.67% 0.06% 0.25% 0.35% 0.10% 0.01% 0.15% 0.37% 0.72% 0.02% 0.78% 0.37% 0.46% 0.14% 0.21% 0.17% 2.72% 0.15% 0.14% 0.01% 2.57% 0.01% 0.18% 0.16% 0.17% 0.07% 0.31% 0.31% 0.20% 0.34% 0.49% 0.30% 1.45% 2.11% 0.01% 0.32% 0.18% 0.17% 0.09% 0.19% 0.54% 0.20% 1.49% 0.11% 0.33% 0.15% 0.10% 0.30% 0.31% 0.02% 0.17% 0.35% 0.31% 1.14% 0.25% 0.09% 1.31% 0.99% 0.01% 0.32% 0.09% 1.28% 0.26% 0.29% 0.10% 0.35% 3.01% 0.69% 0.10% 0.23% 0.03% 0.17% 0.10% 1.64% 0.32% 0.27% 0.18% 0.17% 0.14% 0.26% 0.01% 0.25% 0.11% 0.35% 0.56% 0.02% 0.29% 0.17% 0.30% 0.35% 0.11% 0.67% 0.06% 0.25% 0.34% 0.10% 0.01% 0.15% 0.37% 0.72% 0.02% 0.78% 0.37% 0.46% 0.14% 0.21% 0.17% 2.72% 0.15% 0.14% 0.01% 2.57% 0.01% 0.18% 0.16% 0.17% 0.07% 0.31% 0.31% 0.20% 0.34% 0.49% 0.30% 1.44% 2.11% 0.01% 0.32% 0.18% 0.17% 0.09% 0.19% 0.54% 0.20% 1.49% 0.11% 0.33% 0.15% 0.10% 0.30% 0.31% 0.02% 0.17% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 21 Government pension fund global ANNUAL REPORT 2010 0.23% 0.22% 0.29% 2.14% 0.34% 0.02% 0.36% 0.34% 0.08% 0.03% 0.05% 0.16% 0.02% 0.23% 0.23% 0.16% 0.28% 0.18% 0.15% 0.34% 0.02% 0.36% 0.02% 0.20% 0.19% 0.10% 0.01% 0.74% 0.52% 0.06% 0.17% 0.07% 1.83% 0.55% 0.44% 1.02% 0.97% 0.18% 0.02% 0.17% 0.50% 0.24% 0.62% 2.21% 0.13% 0.20% 0.28% 0.53% 1.67% 0.34% 0.40% 0.02% 0.49% 0.31% 0.16% 0.79% 0.19% 1.53% 0.17% 0.35% 0.32% 0.29% 2.34% 0.13% 0.01% 0.29% 0.01% 0.17% 0.38% 0.19% 0.23% 0.09% 0.04% 0.20% 0.22% 0.08% 4.63% 0.11% 0.58% 0.13% 0.11% 0.10% 0.10% 0.02% 0.34% 1.04% 0.38% 0.32% 0.41% 0.10% 0.37% Sector Ownership Voting 0.23% 0.22% 0.29% 2.14% 0.34% 0.02% 0.29% 0.34% 0.08% 0.03% 0.05% 0.16% 0.02% 0.23% 0.23% 0.16% 0.28% 0.18% 0.15% 0.34% 0.02% 0.36% 0.02% 0.20% 0.19% 0.10% 0.01% 0.74% 0.52% 0.06% 0.17% 0.07% 1.83% 0.55% 0.44% 1.02% 0.97% 0.18% 0.02% 0.17% 0.50% 0.24% 0.62% 2.21% 0.13% 0.20% 0.28% 0.53% 1.67% 0.34% 0.40% 0.02% 0.49% 0.31% 0.16% 0.79% 0.19% 1.53% 0.17% 0.35% 0.32% 0.29% 2.34% 0.13% 0.01% 0.29% 0.01% 0.17% 0.38% 0.19% 0.23% 0.09% 0.04% 0.20% 0.22% 0.08% 4.63% 0.11% 0.58% 0.13% 0.11% 0.10% 0.10% 0.02% 0.34% 1.04% 0.38% 0.32% 0.41% 0.10% 0.37% Ownership 2 845 870 7 683 599 76 139 059 52 138 735 151 792 888 1 322 257 27 254 458 316 072 656 3 131 231 4 757 261 1 392 786 8 265 956 159 242 2 365 121 1 911 404 7 163 733 42 204 107 16 936 797 2 898 603 58 790 085 576 911 29 598 058 196 078 15 355 372 7 975 279 1 515 593 284 743 11 063 840 66 323 658 1 725 001 1 986 080 1 793 728 73 239 871 124 341 083 5 982 104 18 437 225 6 739 478 7 353 648 145 618 2 777 774 624 459 105 15 672 136 204 284 162 16 973 949 3 929 088 6 405 722 57 745 857 210 749 082 44 976 657 94 000 320 95 109 196 257 998 210 396 742 21 558 566 3 547 934 778 803 818 9 704 150 63 534 317 3 659 553 36 906 686 26 588 659 47 631 455 233 649 077 9 398 136 140 824 38 416 703 141 325 1 753 810 30 737 841 26 922 417 5 439 019 1 556 242 49 259 478 30 586 905 14 943 221 2 823 368 124 669 600 2 040 331 494 024 687 4 261 432 2 267 512 2 130 344 3 625 726 154 799 110 740 978 203 583 273 38 112 695 488 104 083 55 596 619 1 295 578 36 315 097 Voting Invoice IncIndustrials Iseki & Co LtdIndustrials Isetan Mitsukoshi Holdings Ltd Consumer Services Ishihara Sangyo Kaisha LtdBasic Materials Isuzu Motors LtdIndustrials IT Holdings CorpTechnology Ito En Ltd Consumer Goods ITOCHU CorpIndustrials Itochu Enex Co Ltd Consumer Services Itochu Techno-Solutions CorpTechnology Itochu-Shokuhin Co Ltd Consumer Services Itoham Foods Inc Consumer Goods Itoki Corp Consumer Goods Iwai Cosmo Holdings Inc Financials Iwasaki Electric Co Ltd Consumer Goods Iwatani CorpUtilities Iyo Bank Ltd/The Financials Izumi Co Ltd Consumer Services Izumiya Co Ltd Consumer Services J Front Retailing Co Ltd Consumer Services Jaccs Co Ltd Financials Jafco Co Ltd Financials Janome Sewing Machine Co Ltd Consumer Goods Japan Airport Terminal Co LtdIndustrials Japan Aviation Electronics Industry LtdIndustrials Japan Cash Machine Co LtdIndustrials Japan Digital Laboratory Co LtdTechnology JAPAN OFFICE Investment Corp Financials Japan Petroleum Exploration CoOil & Gas Japan Pulp & Paper Co LtdBasic Materials Japan Pure Chemical Co LtdBasic Materials Japan Radio Co LtdTechnology Japan Securities Finance Co Ltd Financials Japan Steel Works Ltd/TheIndustrials Japan Transcity CorpIndustrials Japan Vilene Co Ltd Consumer Goods Japan Wind Development Co LtdIndustrials Japan Wool Textile Co Ltd/The Consumer Goods JBCC Holdings IncTechnology Jeol LtdIndustrials JFE Holdings IncBasic Materials JFE Shoji Holdings IncBasic Materials JGC CorpIndustrials Jin Co Ltd Health Care J-Oil Mills Inc Consumer Goods Joshin Denki Co Ltd Consumer Services Joyo Bank Ltd/The Financials JS Group CorpIndustrials JSP CorpBasic Materials JSR CorpBasic Materials JTEKT Corp Consumer Goods Juki CorpIndustrials Jupiter Telecommunications Co Ltd Consumer Services Juroku Bank Ltd/The Financials JVC Kenwood Holdings Inc Consumer Goods JX Holdings IncOil & Gas kabu.com Securities Co Ltd Financials Kadokawa Group Holdings Inc Consumer Services Kaga Electronics Co LtdTechnology Kagome Co Ltd Consumer Goods Kagoshima Bank Ltd/The Financials Kajima CorpIndustrials Kakaku.com Inc Consumer Services Kaken Pharmaceutical Co Ltd Health Care Kamei Corp Consumer Services Kamigumi Co LtdIndustrials Kanaden CorpIndustrials Kanamoto Co LtdIndustrials Kandenko Co LtdIndustrials Kaneka CorpBasic Materials Kanematsu CorpIndustrials Kanematsu Electronics LtdTechnology Kansai Electric Power Co Inc/TheUtilities Kansai Paint Co LtdBasic Materials Kansai Urban Banking Corp Financials Kanto Auto Works Ltd Consumer Goods Kanto Denka Kogyo Co LtdBasic Materials Kanto Natural Gas Development LtdOil & Gas Kao Corp Consumer Goods Kappa Create Co Ltd Consumer Services Kasumi Co Ltd Consumer Services Katakura Industries Co LtdIndustrials Kato Sangyo Co Ltd Consumer Goods Kato Works Co LtdIndustrials Kawasaki Heavy Industries LtdIndustrials Kawasaki Kisen Kaisha LtdIndustrials Kayaba Industry Co Ltd Consumer Goods KDDI CorpTelecommunications Keihan Electric Railway Co Ltd Consumer Services Keihanshin Real Estate Co Ltd Financials Keihin Corp Consumer Goods Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Mutoh Holdings Co LtdTechnology Nabtesco CorpIndustrials Nachi-Fujikoshi CorpIndustrials Nafco Co Ltd Consumer Goods Nagaileben Co Ltd Consumer Goods Nagano Bank Ltd/The Financials Nagase & Co LtdBasic Materials Nagatanien Co Ltd Consumer Goods Nagoya Railroad Co Ltd Consumer Services Nakamuraya Co Ltd Consumer Goods Nakanishi Inc Health Care Nakayama Steel Works LtdBasic Materials Namco Bandai Holdings Inc Consumer Goods Namura Shipbuilding Co LtdIndustrials Nanto Bank Ltd/The Financials NEC Capital Solutions LtdTechnology NEC CorpTechnology NEC Fielding LtdTechnology NEC Mobiling LtdTechnology NEC Networks & System Integration CorpTechnology NET One Systems Co LtdTechnology Neturen Co LtdBasic Materials NGK Insulators LtdIndustrials NGK Spark Plug Co Ltd Consumer Goods NHK Spring Co Ltd Consumer Goods Nice Holdings IncIndustrials Nichias CorpIndustrials Nichicon CorpIndustrials Nichiden CorpIndustrials Nichiha CorpIndustrials Nichii Gakkan CoIndustrials Nichi-iko Pharmaceutical Co Ltd Health Care Nichirei Corp Consumer Goods Nidec Copal CorpIndustrials Nidec Copal Electronics CorpIndustrials Nidec CorpIndustrials Nidec Sankyo CorpIndustrials Nidec-Tosok Corp Consumer Goods Nifco Inc/Japan Consumer Goods Nihon Dempa Kogyo Co LtdIndustrials Nihon Kohden Corp Health Care Nihon M&A Center Inc Financials Nihon Nohyaku Co LtdBasic Materials Nihon Parkerizing Co LtdBasic Materials Nihon Trim Co Ltd Consumer Goods Nihon Unisys LtdTechnology Nihon Yamamura Glass Co LtdIndustrials Nikkiso Co Ltd Health Care Nikon Corp Consumer Goods Nintendo Co Ltd Consumer Goods Nippo CorpIndustrials Nippon Beet Sugar Manufacturing Co Ltd Consumer Goods Nippon Carbon Co LtdIndustrials Nippon Ceramic Co LtdIndustrials Nippon Chemical Industrial Co LtdBasic Materials Nippon Chemi-Con CorpIndustrials Nippon Chemiphar Co Ltd Health Care Nippon Coke & Engineering Co LtdBasic Materials Nippon Denko Co LtdBasic Materials Nippon Densetsu Kogyo Co LtdIndustrials Nippon Denwa Shisetsu Co LtdIndustrials Nippon Electric Glass Co LtdIndustrials Nippon Express Co LtdIndustrials Nippon Flour Mills Co Ltd Consumer Goods Nippon Gas Co LtdUtilities Nippon Kanzai Co Ltd Financials Nippon Kasei Chemical Co LtdBasic Materials Nippon Kayaku Co LtdBasic Materials Nippon Kodoshi CorpBasic Materials Nippon Koei Co LtdIndustrials Nippon Konpo Unyu Soko Co LtdIndustrials Nippon Light Metal Co LtdBasic Materials Nippon Meat Packers Inc Consumer Goods Nippon Metal Industry Co LtdBasic Materials Nippon Paint Co LtdBasic Materials Nippon Paper Group IncBasic Materials Nippon Parking Development Co LtdIndustrials Nippon Road Co Ltd/TheIndustrials Nippon Seiki Co Ltd Consumer Goods Nippon Sharyo LtdIndustrials Nippon Sheet Glass Co LtdIndustrials Nippon Shinyaku Co Ltd Health Care Nippon Shokubai Co LtdBasic Materials Nippon Signal Co LtdIndustrials Nippon Soda Co LtdBasic Materials Nippon Steel CorpBasic Materials Nippon Steel Trading Co LtdBasic Materials Nippon Suisan Kaisha Ltd Consumer Goods Nippon Synthetic Chemical Industry Co Ltd/TheBasic Materials Nippon Telegraph & Telephone CorpTelecommunications Nippon Television Network Corp Consumer Services Market value (NOK) 15 332 224 296 933 050 10 467 178 28 888 565 5 320 176 1 319 228 19 206 846 1 045 320 45 597 124 1 115 123 31 494 340 205 108 46 488 358 2 159 461 35 497 531 181 351 433 303 468 9 540 192 2 537 148 8 399 599 45 598 689 1 510 275 207 918 927 42 415 522 56 573 284 2 578 471 116 340 864 115 965 385 1 459 836 185 307 23 537 207 100 083 877 19 726 067 4 493 028 2 826 937 382 672 134 12 505 144 194 244 20 474 245 4 952 565 10 384 403 18 762 159 3 504 897 54 632 497 9 007 227 6 787 129 2 507 660 6 113 970 171 300 477 1 100 431 679 6 287 258 2 930 853 25 012 007 16 733 638 268 318 76 162 182 180 598 6 444 099 8 261 370 29 722 470 932 016 164 872 340 95 198 906 9 219 114 3 087 715 1 754 312 137 599 14 035 929 3 159 718 2 553 030 11 753 797 11 903 723 45 774 651 283 726 33 499 321 52 692 763 1 033 420 166 838 74 612 189 56 759 55 735 283 34 809 323 22 074 894 5 315 826 7 118 440 114 014 221 358 330 9 404 414 10 565 288 1 201 932 763 9 126 123 2.05% 1.88% 0.21% 0.97% 0.18% 0.13% 0.18% 0.04% 0.33% 0.07% 0.81% 0.02% 0.30% 0.16% 0.43% 0.01% 0.95% 0.23% 0.10% 0.22% 0.96% 0.07% 0.65% 0.21% 0.37% 0.20% 3.08% 1.81% 0.05% 0.01% 0.63% 1.50% 0.24% 0.07% 0.09% 0.45% 0.14% 0.01% 0.24% 0.22% 0.18% 1.12% 0.16% 0.98% 1.50% 0.13% 0.14% 0.15% 0.36% 0.45% 0.13% 0.14% 1.12% 0.61% 0.02% 1.80% 0.02% 0.18% 0.16% 0.81% 0.08% 0.39% 0.34% 0.18% 0.09% 0.09% 0.01% 0.12% 0.20% 0.17% 0.22% 0.20% 0.26% 0.02% 0.28% 0.30% 0.11% 0.01% 1.76% 0.00% 0.39% 0.60% 0.17% 0.18% 0.17% 0.08% 0.01% 0.18% 0.28% 0.32% 0.04% 2.05% 1.88% 0.21% 0.97% 0.18% 0.13% 0.18% 0.04% 0.33% 0.07% 0.81% 0.02% 0.30% 0.16% 0.43% 0.01% 0.95% 0.23% 0.10% 0.22% 0.96% 0.07% 0.65% 0.21% 0.37% 0.20% 3.08% 1.81% 0.05% 0.01% 0.63% 1.50% 0.24% 0.07% 0.09% 0.45% 0.14% 0.01% 0.24% 0.22% 0.18% 1.12% 0.16% 0.98% 1.50% 0.13% 0.14% 0.15% 0.36% 0.45% 0.13% 0.14% 1.12% 0.61% 0.02% 1.80% 0.02% 0.18% 0.16% 0.81% 0.08% 0.39% 0.34% 0.18% 0.09% 0.09% 0.01% 0.12% 0.20% 0.17% 0.22% 0.20% 0.26% 0.02% 0.28% 0.30% 0.11% 0.01% 1.76% 0.00% 0.39% 0.59% 0.17% 0.18% 0.17% 0.08% 0.01% 0.18% 0.28% 0.31% 0.04% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 22 Government pension fund global ANNUAL REPORT 2010 1.36% 0.06% 0.01% 1.14% 0.31% 0.34% 0.07% 0.08% 0.20% 1.17% 0.05% 0.01% 0.23% 0.38% 3.68% 0.24% 0.17% 0.29% 2.16% 0.09% 0.25% 0.01% 0.15% 2.09% 0.17% 0.11% 0.16% 0.02% 0.01% 0.10% 0.41% 0.08% 0.28% 1.99% 0.17% 3.39% 0.18% 0.17% 0.34% 0.41% 0.46% 0.80% 0.29% 0.43% 0.16% 0.28% 0.33% 0.35% 0.02% 0.12% 0.26% 0.21% 0.76% 0.19% 0.17% 0.46% 0.29% 0.27% 0.29% 2.57% 1.23% 0.12% 0.47% 0.25% 0.33% 0.25% 0.19% 0.60% 0.07% 0.60% 0.15% 0.48% 0.15% 0.13% 0.13% 0.16% 0.22% 0.01% 0.14% 1.25% 0.16% 0.19% 0.20% 0.11% 0.10% 0.15% 0.01% 1.52% 1.32% 0.19% 0.29% Sector Ownership Voting 1.36% 0.06% 0.01% 1.14% 0.31% 0.34% 0.08% 0.08% 0.20% 1.17% 0.05% 0.01% 0.23% 0.38% 3.68% 0.24% 0.17% 0.29% 2.16% 0.09% 0.25% 0.01% 0.15% 2.10% 0.17% 0.11% 0.16% 0.02% 0.01% 0.10% 0.41% 0.08% 0.28% 1.99% 0.17% 3.39% 0.18% 0.17% 0.34% 0.41% 0.46% 0.80% 0.29% 0.43% 0.16% 0.28% 0.33% 0.35% 0.02% 0.12% 0.26% 0.21% 0.76% 0.19% 0.17% 0.46% 0.29% 0.27% 0.29% 2.57% 1.23% 0.12% 0.47% 0.25% 0.33% 0.25% 0.19% 0.60% 0.07% 0.60% 0.15% 0.48% 0.15% 0.13% 0.13% 0.16% 0.22% 0.01% 0.14% 1.25% 0.16% 0.19% 0.20% 0.11% 0.10% 0.15% 0.01% 1.52% 1.32% 0.19% 0.29% Ownership 25 941 759 1 063 523 130 074 34 476 363 34 596 446 22 717 463 1 656 918 1 504 284 6 955 974 346 821 157 9 542 643 40 133 36 008 797 10 817 137 67 310 129 18 625 363 10 787 740 58 498 308 57 884 987 1 225 489 11 054 165 120 370 6 698 542 69 344 738 2 812 891 2 445 172 4 395 118 420 769 175 711 3 894 975 59 442 647 2 460 351 38 784 564 69 666 210 1 781 796 439 899 281 1 394 190 3 918 554 199 538 734 1 101 314 140 607 844 081 1 201 188 746 57 192 503 320 198 675 1 607 325 37 804 970 80 907 919 163 079 414 479 661 3 794 206 7 328 422 117 118 871 3 399 754 615 39 227 661 4 431 252 802 794 597 60 803 396 34 708 997 299 171 865 37 455 296 25 053 717 1 442 058 7 987 606 27 725 007 158 886 021 7 681 449 5 757 861 56 639 503 1 617 057 39 107 104 4 117 642 1 123 880 115 11 660 918 34 932 588 39 553 434 6 560 449 16 896 693 340 793 7 611 461 102 168 856 6 091 252 11 636 265 3 336 196 1 141 854 3 406 536 8 166 699 114 307 1 400 412 472 1 215 453 795 8 574 350 17 735 615 Voting Maruwa Co Ltd/AichiIndustrials Maruzen Showa Unyu Co LtdIndustrials Maspro Denkoh CorpTechnology Matsuda Sangyo Co LtdBasic Materials Matsui Securities Co Ltd Financials Matsumotokiyoshi Holdings Co Ltd Consumer Services Matsuya Co Ltd Consumer Services Matsuya Foods Co Ltd Consumer Services Max Co LtdIndustrials Mazda Motor Corp Consumer Goods McDonald’s Holdings Co Japan Ltd Consumer Services MEC Co Ltd/JapanBasic Materials Medipal Holdings Corp Health Care Megachips CorpTechnology Megane TOP Co Ltd Consumer Services Megmilk Snow Brand Co Ltd Consumer Goods Meidensha CorpIndustrials MEIJI Holdings Co Ltd Consumer Goods Meiko Electronics CoIndustrials Meisei Industrial Co LtdIndustrials Meitec CorpIndustrials Meiwa Estate Co Ltd Financials Melco Holdings IncTechnology Message Co Ltd Health Care Michinoku Bank Ltd/The Financials Mie Bank Ltd/The Financials Mikuni Coca-Cola Bottling Co Ltd Consumer Goods Milbon Co Ltd Consumer Goods Mimasu Semiconductor Industry Co LtdTechnology Minato Bank Ltd/The Financials Minebea Co LtdIndustrials Ministop Co Ltd Consumer Services Miraca Holdings Inc Health Care Mirait Holdings CorpIndustrials Misawa Homes Co Ltd Consumer Goods MISUMI Group IncIndustrials Mito Securities Co Ltd Financials Mitsuba Corp Consumer Goods Mitsubishi Chemical Holdings CorpBasic Materials Mitsubishi CorpIndustrials Mitsubishi Electric CorpIndustrials Mitsubishi Estate Co Ltd Financials Mitsubishi Gas Chemical Co IncBasic Materials Mitsubishi Heavy Industries LtdIndustrials Mitsubishi Kakoki Kaisha LtdIndustrials Mitsubishi Logistics CorpIndustrials Mitsubishi Materials CorpIndustrials Mitsubishi Motors Corp Consumer Goods Mitsubishi Paper Mills LtdBasic Materials Mitsubishi Pencil Co Ltd Consumer Goods Mitsubishi Steel Manufacturing Co LtdBasic Materials Mitsubishi Tanabe Pharma Corp Health Care Mitsubishi UFJ Financial Group Inc Financials Mitsubishi UFJ Lease & Finance Co Ltd Financials Mitsuboshi Belting Co LtdIndustrials Mitsui & Co LtdIndustrials Mitsui Chemicals IncBasic Materials Mitsui Engineering & Shipbuilding Co LtdIndustrials Mitsui Fudosan Co Ltd Financials Mitsui High-Tec IncTechnology Mitsui Home Co Ltd Consumer Goods Mitsui Knowledge Industry Co LtdTechnology Mitsui Matsushima Co Ltd Consumer Services Mitsui Mining & Smelting Co LtdBasic Materials Mitsui OSK Lines LtdIndustrials Mitsui Sugar Co Ltd Consumer Goods Mitsui-Soko Co LtdIndustrials Mitsumi Electric Co LtdIndustrials Mitsuuroko Co LtdUtilities Miura Co LtdIndustrials Miyazaki Bank Ltd/The Financials Mizuho Financial Group Inc Financials Mizuho Investors Securities Co Ltd Financials Mizuho Securities Co Ltd Financials Mizuho Trust & Banking Co Ltd Financials Mizuno Corp Consumer Goods Mochida Pharmaceutical Co Ltd Health Care Modec IncOil & Gas Monex Group Inc Financials Mori Seiki Co LtdIndustrials Morinaga & Co Ltd/Japan Consumer Goods Morinaga Milk Industry Co Ltd Consumer Goods Morita Holdings CorpIndustrials Mory Industries IncBasic Materials MOS Food Services Inc Consumer Services Moshi Moshi Hotline Inc Consumer Services Mr Max Corp Consumer Services MS&AD Insurance Group Holdings Financials Murata Manufacturing Co LtdIndustrials Musashi Seimitsu Industry Co Ltd Consumer Goods Musashino Bank Ltd/The Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Osaka Gas Co LtdUtilities Osaka Securities Exchange Co Ltd Financials Osaka Steel Co LtdBasic Materials OSAKA Titanium Technologies CoBasic Materials Osaki Electric Co LtdIndustrials OSG CorpIndustrials Otsuka CorpTechnology Otsuka Holdings Co Ltd Health Care Otsuka Kagu Ltd Consumer Services Oyo CorpIndustrials Pacific Industrial Co Ltd Consumer Goods Pacific Metals Co LtdBasic Materials Pack Corp/TheIndustrials Pal Co Ltd Consumer Services Paltac Corp Consumer Goods PanaHome Corp Consumer Goods Panasonic Corp Consumer Goods Panasonic Electric Works Co LtdIndustrials Panasonic Electric Works Information systems Co LtdTechnology Panasonic Electric Works SUNX Co LtdIndustrials Paramount Bed Co Ltd Health Care Parco Co Ltd Consumer Services Paris Miki Holdings Inc Consumer Services Park24 Co Ltd Consumer Services Pasona Group IncIndustrials Penta-Ocean Construction Co LtdIndustrials PGM Holdings K K Consumer Services Pigeon Corp Consumer Goods Pilot Corp Consumer Goods Piolax Inc Consumer Goods Pioneer Corp Consumer Goods Plenus Co Ltd Consumer Services Pocket Card Co Ltd Financials Point Inc Consumer Services Press Kogyo Co Ltd Consumer Goods Prima Meat Packers Ltd Consumer Goods Promise Co Ltd Financials Pronexus IncIndustrials Proto Corp Consumer Services Raito Kogyo Co LtdIndustrials Relo Holdings IncIndustrials Rengo Co LtdIndustrials Resona Holdings Inc Financials Resorttrust Inc Consumer Services Rhythm Watch Co Ltd Consumer Goods Ricoh Co LtdTechnology Ricoh Leasing Co Ltd Financials Right On Co Ltd Consumer Services Riken Corp Consumer Goods Riken Technos CorpBasic Materials Ringer Hut Co Ltd Consumer Services Rinnai Corp Consumer Goods Risa Partners Inc Financials Riso Kagaku CorpTechnology Rock Field Co Ltd Consumer Goods Rohm Co LtdTechnology Rohto Pharmaceutical Co Ltd Health Care Roland Corp Consumer Goods Roland DG CorpTechnology Round One Corp Consumer Services Royal Holdings Co Ltd Consumer Services Ryobi Ltd Consumer Goods Ryoden Trading Co LtdTechnology Ryohin Keikaku Co Ltd Consumer Services Ryosan Co LtdTechnology Ryoshoku Ltd Consumer Goods Ryoyo Electro CorpTechnology Sagami Chain Co Ltd Consumer Services Saibu Gas Co LtdUtilities Saizeriya Co Ltd Consumer Services Sakai Chemical Industry Co LtdBasic Materials Sakata INX CorpBasic Materials Sakata Seed Corp Consumer Goods Sala CorpUtilities Samco IncTechnology San-A Co Ltd Consumer Services San-Ai Oil Co LtdOil & Gas Sanden Corp Consumer Goods Sanei-International Co Ltd Consumer Goods Sangetsu Co Ltd Consumer Goods San-In Godo Bank Ltd/The Financials Sankei Building Co Ltd/The Financials Sanken Electric Co LtdTechnology Sanki Engineering Co LtdIndustrials Sankyo Co Ltd Consumer Services Sankyo Seiko Co Ltd Consumer Goods Sankyo-Tateyama Holdings IncIndustrials Sankyu IncIndustrials Sanoh Industrial Co Ltd Consumer Goods Sanrio Co Ltd Consumer Goods Market value (NOK) 333 261 286 297 111 326 1 832 965 7 008 397 10 660 676 12 906 015 1 349 901 224 128 248 25 197 852 2 654 853 1 986 152 28 573 736 1 556 586 36 080 086 5 898 341 11 471 897 765 592 044 4 262 120 0.68% 3.75% 0.04% 0.07% 0.55% 0.19% 0.01% 0.28% 1.99% 0.17% 0.11% 0.29% 0.08% 1.48% 0.15% 0.19% 0.38% 0.01% 0.68% 3.75% 0.04% 0.07% 0.55% 0.19% 0.01% 0.28% 1.99% 0.17% 0.11% 0.29% 0.08% 1.48% 0.15% 0.19% 0.38% 0.01% 79 155 131 063 591 316 4 943 750 3 851 775 31 674 466 1 283 287 3 802 670 4 918 416 158 515 445 4 125 095 1 872 059 487 090 525 2 330 163 52 460 187 025 825 96 901 749 2 406 473 13 605 153 2 001 947 7 120 734 161 334 36 366 768 75 737 919 75 093 727 29 940 191 2 304 779 422 674 596 5 833 254 1 930 309 4 708 600 190 632 1 219 397 132 303 463 195 623 28 940 752 1 836 620 11 016 963 33 257 396 3 169 386 169 633 21 765 781 2 801 080 13 383 196 2 917 953 32 797 228 17 747 426 3 681 884 4 949 111 1 105 090 7 080 027 99 671 209 5 156 942 2 081 109 6 134 438 1 070 762 8 974 934 34 443 862 257 998 6 640 858 19 936 335 11 222 251 40 289 550 1 623 063 103 344 092 4 278 890 317 263 804 3 256 159 4 953 052 15 575 960 2 244 034 20 347 955 0.00% 0.01% 0.01% 0.11% 0.12% 0.34% 0.07% 0.16% 0.10% 3.95% 0.17% 0.11% 6.20% 0.06% 0.00% 3.00% 3.04% 0.16% 0.30% 0.16% 0.26% 0.02% 2.44% 0.71% 0.18% 0.59% 0.18% 0.67% 0.12% 0.20% 0.17% 0.02% 0.08% 0.69% 0.02% 1.10% 0.15% 0.03% 0.41% 0.17% 0.01% 0.63% 0.11% 0.29% 0.17% 0.48% 0.34% 0.06% 0.23% 0.12% 0.13% 1.62% 0.17% 0.11% 0.16% 0.08% 1.81% 0.94% 0.01% 0.20% 1.51% 0.20% 0.57% 0.07% 3.21% 0.14% 0.99% 0.26% 0.21% 0.18% 0.11% 0.17% 0.00% 0.01% 0.01% 0.11% 0.12% 0.34% 0.07% 0.16% 0.10% 3.95% 0.17% 0.11% 6.20% 0.06% 0.00% 3.00% 3.04% 0.16% 0.30% 0.16% 0.26% 0.02% 2.44% 0.71% 0.18% 0.59% 0.18% 0.67% 0.12% 0.19% 0.17% 0.02% 0.08% 0.69% 0.02% 1.10% 0.15% 0.02% 0.41% 0.17% 0.01% 0.63% 0.11% 0.29% 0.17% 0.48% 0.34% 0.06% 0.23% 0.12% 0.13% 1.62% 0.17% 0.11% 0.16% 0.08% 1.81% 0.94% 0.01% 0.20% 1.51% 0.20% 0.57% 0.07% 3.21% 0.14% 0.99% 0.26% 0.21% 0.18% 0.11% 0.17% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 23 Government pension fund global ANNUAL REPORT 2010 0.15% 0.17% 0.23% 0.34% 0.17% 0.17% 0.01% 0.28% 0.39% 1.99% 0.25% 0.20% 0.13% 0.13% 0.26% 0.19% 0.28% 0.02% 0.34% 0.11% 0.10% 0.05% 0.23% 0.42% 2.50% 0.01% 1.75% 1.15% 1.23% 0.18% 0.02% 0.22% 0.61% 0.19% 0.05% 0.34% 0.17% 1.02% 2.31% 0.17% 0.09% 0.09% 2.26% 4.78% 0.15% 0.07% 0.13% 0.31% 0.29% 0.04% 0.01% 0.13% 0.01% 0.29% 0.07% 0.01% 0.34% 0.02% 0.30% 0.09% 0.01% 0.27% 0.20% 0.14% 0.34% 0.03% 0.19% 1.54% 0.12% 0.02% 0.22% 0.37% 0.25% 1.66% 0.09% 0.01% 0.29% 0.57% 0.48% 0.28% 0.02% 0.30% 1.32% 2.51% 0.15% 1.12% 0.10% 0.01% 4.64% 1.50% 0.15% Sector Ownership Voting 0.15% 0.17% 0.23% 0.34% 0.17% 0.17% 0.01% 0.28% 0.39% 1.99% 0.25% 0.20% 0.13% 0.13% 0.26% 0.19% 0.28% 0.02% 0.34% 0.11% 0.10% 0.05% 0.23% 0.42% 2.50% 0.01% 1.75% 1.15% 1.23% 0.18% 0.02% 0.22% 0.61% 0.19% 0.05% 0.34% 0.17% 1.02% 2.31% 0.17% 0.09% 0.09% 2.26% 4.78% 0.15% 0.07% 0.13% 0.31% 0.29% 0.04% 0.01% 0.13% 0.01% 0.29% 0.07% 0.01% 0.34% 0.02% 0.30% 0.09% 0.01% 0.27% 0.20% 0.14% 0.34% 0.03% 0.19% 1.54% 0.12% 0.02% 0.22% 0.37% 0.25% 1.66% 0.09% 0.01% 0.30% 0.57% 0.48% 0.28% 0.02% 0.30% 1.32% 2.51% 0.15% 1.12% 0.10% 0.01% 4.64% 1.50% 0.15% Ownership 5 155 652 2 808 161 4 922 379 147 724 756 12 441 282 3 490 256 316 649 39 173 424 37 305 020 21 125 582 33 128 827 509 382 992 10 568 728 2 528 147 18 378 387 9 625 604 51 167 195 2 581 338 38 907 471 1 654 625 3 772 785 12 346 045 16 481 503 121 940 774 86 567 382 351 737 63 702 474 546 979 003 35 683 519 5 882 274 153 652 3 066 337 436 868 225 10 413 213 1 175 251 71 450 456 2 105 260 1 406 138 983 465 228 926 48 248 255 3 013 555 1 218 988 118 071 355 107 416 871 9 968 884 2 444 097 4 430 679 88 808 592 48 137 383 24 315 392 44 906 933 24 045 376 166 795 55 219 017 4 395 634 1 569 715 135 502 053 188 195 19 689 015 1 872 145 102 339 8 458 738 7 217 328 4 942 589 102 083 290 408 353 5 297 551 63 676 388 6 098 060 672 227 11 232 571 27 681 709 12 600 388 17 329 914 2 494 622 116 085 140 974 579 4 411 759 175 588 928 92 125 541 218 904 26 047 079 17 602 961 36 918 568 55 473 784 28 998 823 4 442 396 6 143 783 49 957 509 948 188 836 14 530 425 Voting Nippon Thompson Co LtdIndustrials Nippon Valqua Industries LtdBasic Materials Nippon Yakin Kogyo Co LtdBasic Materials Nippon Yusen KKIndustrials Nipro Corp Health Care Nishimatsu Construction Co LtdIndustrials Nishimatsuya Chain Co Ltd Consumer Services Nishi-Nippon City Bank Ltd/The Financials Nishi-Nippon Railroad Co Ltd Consumer Services Nishio Rent All Co LtdIndustrials Nissan Chemical Industries LtdBasic Materials Nissan Motor Co Ltd Consumer Goods Nissan Shatai Co Ltd Consumer Goods Nissen Holdings Co Ltd Consumer Services Nissha Printing Co LtdIndustrials Nisshin Oillio Group Ltd/The Consumer Goods Nisshin Seifun Group Inc Consumer Goods Nisshin Steel Co LtdBasic Materials Nisshinbo Holdings Inc Consumer Goods Nissin CorpIndustrials Nissin Electric Co LtdIndustrials Nissin Foods Holdings Co Ltd Consumer Goods Nissin Kogyo Co Ltd Consumer Goods Nitori Holdings Co Ltd Consumer Services Nitta CorpIndustrials Nittetsu Mining Co LtdBasic Materials Nitto Boseki Co LtdIndustrials Nitto Denko CorpBasic Materials Nitto Kogyo CorpIndustrials Nitto Kohki Co LtdIndustrials Nitto Seiko Co LtdIndustrials Nittoku Engineering Co LtdIndustrials NKSJ Holdings Inc Financials NOF CorpBasic Materials Nohmi Bosai LtdIndustrials NOK Corp Consumer Goods Nomura Co LtdIndustrials Nomura Holdings Inc Financials Nomura Real Estate Holdings Inc Financials Nomura Research Institute LtdTechnology Noritake Co Ltd Consumer Goods Noritsu Koki Co Ltd Consumer Goods Noritz CorpIndustrials NPC Inc/JapanIndustrials NS Solutions CorpTechnology NS United Kaiun Kaisha LtdIndustrials NSD Co LtdTechnology NSK Ltd Consumer Goods NTN CorpIndustrials NTT Data CorpTechnology NTT DoCoMo IncTelecommunications NTT Urban Development Corp Financials Obara CorpIndustrials Obayashi CorpIndustrials OBIC Business Consultants LtdTechnology Obic Co LtdTechnology Odakyu Electric Railway Co Ltd Consumer Services Oenon Holdings Inc Consumer Goods Ogaki Kyoritsu Bank Ltd/The Financials Ohara IncIndustrials Ohashi Technica Inc Consumer Goods Ohsho Food Service Corp Consumer Services Oiles CorpIndustrials Oita Bank Ltd/The Financials OJI Paper Co LtdBasic Materials Okabe Co LtdIndustrials Okamoto Industries IncBasic Materials Okamura Corp Consumer Goods Okasan Securities Group Inc Financials Oki Electric Industry Co LtdTechnology Okinawa Electric Power Co Inc/TheUtilities OKUMA CorpIndustrials Okumura CorpIndustrials Okura Industrial Co LtdBasic Materials Okuwa Co Ltd Consumer Services Olympic Corp Consumer Services Olympus Corp Health Care O-M LtdIndustrials Omron CorpIndustrials Ono Pharmaceutical Co Ltd Health Care Onoken Co LtdIndustrials Onward Holdings Co Ltd Consumer Goods OPT Inc Consumer Services Optex Co LtdIndustrials Oracle Corp JapanTechnology Organo CorpIndustrials Orient Corp Financials Oriental Land Co Ltd/Japan Consumer Services Origin Electric Co LtdIndustrials ORIX Corp Financials Orix JREIT Inc Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 SMK CorpIndustrials Sodick Co LtdIndustrials Softbank CorpTelecommunications Sohgo Security Services Co LtdIndustrials Sojitz CorpIndustrials So-net Entertainment CorpTechnology Sony Corp Consumer Goods Sony Financial Holdings Inc Financials Sosei Group Corp Health Care Sotetsu Holdings Inc Consumer Services Square Enix Holdings Co LtdTechnology SRA HoldingsTechnology SRI Sports Ltd Consumer Goods ST CorpBasic Materials St Marc Holdings Co Ltd Consumer Services Stanley Electric Co Ltd Consumer Goods Star Micronics Co LtdIndustrials Start Today Co Ltd Consumer Services Starzen Co Ltd Consumer Goods Stella Chemifa CorpBasic Materials Studio Alice Co Ltd Consumer Services Sugi Holdings Co Ltd Consumer Services Sumco CorpTechnology Sumida CorpIndustrials Sumikin Bussan CorpBasic Materials Sumisho Computer Systems CorpTechnology Sumitomo Bakelite Co LtdBasic Materials Sumitomo Chemical Co LtdBasic Materials Sumitomo CorpIndustrials Sumitomo Electric Industries Ltd Consumer Goods Sumitomo Forestry Co Ltd Consumer Goods Sumitomo Heavy Industries LtdIndustrials Sumitomo Light Metal Industries LtdBasic Materials Sumitomo Metal Industries LtdBasic Materials Sumitomo Metal Mining Co LtdBasic Materials Sumitomo Mitsui Construction Co LtdIndustrials Sumitomo Mitsui Financial Group Inc Financials Sumitomo Osaka Cement Co LtdIndustrials Sumitomo Precision Products Co LtdIndustrials Sumitomo Real Estate Sales Co Ltd Financials Sumitomo Realty & Development Co Ltd Financials Sumitomo Rubber Industries Ltd Consumer Goods Sumitomo Seika Chemicals Co LtdBasic Materials Sumitomo Trust & Banking Co Ltd/The Financials Sumitomo Warehouse Co Ltd/TheIndustrials Sundrug Co Ltd Consumer Services Suruga Bank Ltd Financials Suzuken Co Ltd Health Care Suzuki Motor Corp Consumer Goods SWCC Showa Holdings Co LtdIndustrials Sysmex Corp Health Care T Hasegawa Co LtdBasic Materials T RAD Co Ltd Consumer Goods T&D Holdings Inc Financials Tachi-S Co Ltd Consumer Goods Tact Home Co Ltd Financials Tadano LtdIndustrials Taihei Dengyo Kaisha LtdIndustrials Taihei Kogyo Co LtdIndustrials Taiheiyo Cement CorpIndustrials Taiho Kogyo Co Ltd Consumer Goods Taikisha LtdIndustrials Taisei CorpIndustrials Taisei Lamick Co LtdIndustrials Taisho Pharmaceutical Co Ltd Health Care Taiyo Holdings Co LtdBasic Materials Taiyo Nippon Sanso CorpBasic Materials Taiyo Yuden Co LtdIndustrials Takamatsu Construction Group Co LtdIndustrials Takaoka Electric Manufacturing Co LtdIndustrials Takara Holdings Inc Consumer Goods Takara Leben Co Ltd Financials Takara Standard Co Ltd Consumer Goods Takasago International CorpBasic Materials Takasago Thermal Engineering Co LtdIndustrials Takashimaya Co Ltd Consumer Services Takata Corp Consumer Goods Takeda Pharmaceutical Co Ltd Health Care Takihyo Co Ltd Consumer Goods Takiron Co LtdIndustrials Takuma Co LtdIndustrials Tamron Co Ltd Consumer Goods Tamura CorpIndustrials Tanaka Chemical CorpBasic Materials TDK CorpIndustrials TECMO KOEI HOLDINGS CO LtdTechnology Teijin LtdBasic Materials Teikoku Electric Manufacturing Co LtdIndustrials Teikoku Piston Ring Co Ltd Consumer Goods Teikoku Tsushin Kogyo Co LtdIndustrials Tekken CorpIndustrials Market value (NOK) 10 155 001 3 399 262 1 976 935 876 11 616 844 61 504 421 9 162 928 694 455 119 1 050 362 409 50 454 656 31 037 828 1 259 028 24 113 079 3 262 853 1 618 340 1 983 357 555 512 574 7 009 924 234 370 108 1 104 015 139 811 336 82 559 268 641 219 35 105 217 165 462 2 626 702 7 627 670 26 666 854 751 297 353 630 751 151 219 059 407 27 393 970 75 679 726 6 700 198 12 849 742 849 487 551 129 966 2 295 507 502 26 345 660 199 160 7 326 272 317 344 918 32 884 145 2 018 115 189 304 760 10 888 932 14 492 815 119 953 404 24 864 662 285 858 187 330 094 580 849 203 2 822 709 60 846 441 296 146 759 5 699 884 18 647 852 8 205 327 3 812 631 1 938 637 19 426 374 148 492 5 779 146 43 727 694 767 113 101 113 608 4 827 845 41 958 699 102 017 984 157 379 4 907 688 23 979 444 73 765 384 7 173 767 7 785 794 6 725 137 50 553 109 33 378 282 614 199 529 1 575 075 1 679 564 2 429 477 6 919 789 39 971 855 25 435 833 413 575 607 365 783 121 251 171 3 125 354 3 578 599 137 599 177 732 0.40% 0.23% 0.91% 0.17% 0.39% 0.21% 0.31% 2.05% 4.42% 0.33% 0.01% 2.46% 0.17% 0.10% 0.07% 2.82% 0.22% 2.75% 0.07% 4.15% 0.01% 3.03% 0.16% 0.01% 0.11% 0.13% 0.30% 1.58% 0.61% 0.34% 0.30% 0.33% 0.22% 0.02% 1.44% 0.01% 0.78% 0.47% 0.01% 0.09% 0.48% 0.21% 0.11% 0.31% 0.18% 0.13% 0.86% 0.15% 0.36% 0.02% 2.80% 0.07% 3.40% 0.59% 0.17% 1.14% 0.20% 0.19% 0.09% 0.27% 0.01% 0.15% 0.28% 0.08% 0.26% 0.09% 0.20% 0.95% 0.01% 0.15% 0.32% 4.19% 0.12% 0.22% 0.16% 0.31% 0.23% 0.27% 0.11% 0.11% 0.17% 0.20% 3.00% 2.08% 0.79% 0.01% 0.50% 0.26% 0.17% 0.02% 0.02% 0.40% 0.23% 0.91% 0.16% 0.39% 0.20% 0.33% 2.05% 4.42% 0.33% 0.01% 2.46% 0.17% 0.10% 0.07% 2.82% 0.22% 2.75% 0.07% 4.15% 0.01% 3.03% 0.16% 0.01% 0.11% 0.13% 0.30% 1.58% 0.61% 0.34% 0.30% 0.33% 0.22% 0.02% 1.44% 0.01% 0.78% 0.47% 0.01% 0.08% 0.48% 0.21% 0.11% 0.31% 0.18% 0.13% 0.86% 0.15% 0.36% 0.02% 2.80% 0.07% 3.40% 0.59% 0.17% 1.14% 0.20% 0.19% 0.09% 0.27% 0.01% 0.15% 0.28% 0.08% 0.26% 0.09% 0.20% 0.95% 0.01% 0.15% 0.32% 4.19% 0.12% 0.22% 0.16% 0.31% 0.23% 0.27% 0.11% 0.11% 0.17% 0.20% 3.00% 2.08% 0.79% 0.01% 0.50% 0.26% 0.17% 0.02% 0.02% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 24 Government pension fund global ANNUAL REPORT 2010 0.18% 0.23% 0.18% 0.11% 0.25% 0.04% 0.29% 0.02% 0.27% 0.32% 0.23% 1.89% 2.68% 3.80% 0.45% 2.56% 0.13% 0.35% 0.07% 0.22% 0.18% 0.15% 0.17% 1.33% 0.28% 1.88% 1.13% 0.35% 0.18% 0.09% 0.10% 0.26% 0.17% 0.38% 0.28% 0.01% 0.02% 2.82% 0.01% 0.17% 0.01% 0.34% 0.19% 0.09% 0.36% 0.24% 1.95% 0.36% 0.98% 0.50% 0.16% 0.30% 0.01% 1.93% 0.02% 0.20% 0.11% 0.02% 0.01% 0.21% 0.36% 1.14% 0.94% 0.17% 1.04% 0.15% 1.15% 0.52% 0.01% 0.03% 0.14% 0.31% 0.10% 0.18% 0.24% 0.06% 0.02% 0.06% 0.22% 0.33% 0.09% 0.46% 0.01% 0.01% 0.09% 2.76% 0.17% 0.29% 0.10% 1.89% 1.59% Sector Ownership Voting 0.18% 0.23% 0.18% 0.11% 0.25% 0.04% 0.29% 0.02% 0.27% 0.32% 0.23% 1.89% 2.68% 3.80% 0.45% 2.56% 0.13% 0.35% 0.07% 0.22% 0.18% 0.15% 0.17% 1.33% 0.28% 1.88% 1.13% 0.35% 0.18% 0.09% 0.10% 0.26% 0.17% 0.38% 0.28% 0.01% 0.02% 2.82% 0.01% 0.17% 0.01% 0.34% 0.19% 0.09% 0.36% 0.24% 1.95% 0.36% 0.98% 0.50% 0.16% 0.30% 0.01% 1.93% 0.02% 0.20% 0.11% 0.02% 0.01% 0.21% 0.36% 1.14% 0.94% 0.17% 1.04% 0.15% 1.15% 0.52% 0.01% 0.03% 0.14% 0.31% 0.10% 0.18% 0.24% 0.06% 0.02% 0.06% 0.22% 0.33% 0.09% 0.46% 0.01% 0.01% 0.09% 2.76% 0.17% 0.29% 0.10% 1.89% 1.59% Ownership 2 637 337 40 460 044 8 564 445 6 549 914 5 735 287 26 099 897 8 363 852 1 229 072 29 376 323 33 309 210 4 413 622 46 560 598 201 242 141 669 859 396 2 755 787 23 225 976 1 676 984 222 775 267 1 803 403 64 827 777 2 161 447 5 915 111 35 468 363 53 561 950 22 874 067 50 623 415 254 363 794 139 742 095 4 990 534 2 308 219 2 639 459 25 910 357 2 901 570 524 218 635 42 772 906 0 12 721 620 21 299 350 135 879 2 673 858 168 759 28 444 235 7 314 232 1 888 542 142 909 470 12 159 706 136 223 442 47 934 521 195 945 092 138 252 529 3 773 215 57 919 973 153 458 31 434 141 468 982 266 572 752 3 422 195 226 852 146 629 18 423 537 8 949 292 13 716 829 33 535 173 5 131 572 163 511 859 1 551 791 463 017 175 16 496 732 127 709 14 531 077 1 172 169 116 489 703 2 647 055 6 531 037 12 317 379 1 407 269 154 727 848 310 7 331 432 64 893 951 2 643 759 92 104 111 105 048 241 228 2 031 731 15 694 854 5 338 974 10 219 572 7 952 604 112 584 025 1 138 929 610 Voting Sanshin Electronics Co LtdIndustrials Santen Pharmaceutical Co Ltd Health Care Sanwa Holdings CorpIndustrials Sanyo Chemical Industries LtdBasic Materials Sanyo Denki Co LtdIndustrials Sanyo Electric Co Ltd Consumer Goods Sanyo Shokai Ltd Consumer Goods Sanyo Special Steel Co LtdBasic Materials Sapporo Hokuyo Holdings Inc Financials Sapporo Holdings Ltd Consumer Goods Sasebo Heavy Industries Co LtdIndustrials Sato CorpTechnology Sawai Pharmaceutical Co Ltd Health Care SBI Holdings Inc/Japan Financials SBI VeriTrans Co LtdIndustrials SBS Holdings IncIndustrials SEC Carbon LtdIndustrials Secom Co LtdIndustrials Secom Techno Service Co LtdIndustrials Sega Sammy Holdings Inc Consumer Goods Seika CorpIndustrials Seikagaku Corp Health Care Seiko Epson CorpTechnology Seiko Holdings Corp Consumer Goods Seino Holdings CorpIndustrials Seiren Co Ltd Consumer Goods Sekisui Chemical Co Ltd Consumer Goods Sekisui House Ltd Consumer Goods Sekisui Jushi CorpIndustrials Sekisui Plastics Co LtdBasic Materials Senko Co LtdIndustrials Senshu Ikeda Holdings Inc Financials Senshukai Co Ltd Consumer Services Seven & I Holdings Co Ltd Consumer Services Seven Bank Ltd Financials SFCG Co Ltd Financials Sharp Corp/Japan Consumer Goods Shibaura Electronics Co LtdIndustrials Shibaura Mechatronics CorpIndustrials Shibusawa Warehouse Co Ltd/TheIndustrials Shibuya Kogyo Co LtdIndustrials Shiga Bank Ltd/The Financials Shikoku Bank Ltd/The Financials Shikoku Chemicals CorpBasic Materials Shikoku Electric Power Co IncUtilities Shima Seiki Manufacturing LtdIndustrials Shimachu Co Ltd Consumer Services Shimadzu CorpIndustrials Shimamura Co Ltd Consumer Services Shimano Inc Consumer Goods Shimizu Bank Ltd/The Financials Shimizu CorpIndustrials Shimojima Co LtdIndustrials Shinagawa Refractories Co LtdIndustrials Shindengen Electric Manufacturing Co LtdTechnology Shin-Etsu Chemical Co LtdBasic Materials Shin-Etsu Polymer Co LtdBasic Materials Shinkawa LtdTechnology Shin-Keisei Electric Railway Co Ltd Consumer Services Shinko Electric Industries Co LtdTechnology Shinko Plantech Co LtdIndustrials Shinko Shoji Co LtdTechnology Shin-Kobe Electric Machinery Co LtdIndustrials Shinmaywa Industries LtdIndustrials Shinsei Bank Ltd Financials Shinwa Co Ltd/NagoyaIndustrials Shionogi & Co Ltd Health Care Ship Healthcare Holdings Inc Health Care Shiroki Corp Consumer Goods Shiseido Co Ltd Consumer Goods Shizuki Electric Co IncIndustrials Shizuoka Bank Ltd/The Financials Shizuoka Gas Co LtdUtilities SHO-BOND Holdings Co LtdIndustrials Shochiku Co Ltd Consumer Services Shoei Co Ltd/Chiyoda-ku Financials Shoko Co LtdBasic Materials Showa Aircraft Industry Co LtdIndustrials Showa Corp Consumer Goods Showa Denko KKBasic Materials Showa Sangyo Co Ltd Consumer Goods Showa Shell Sekiyu KKOil & Gas Simplex Holdings IncTechnology Sinanen Co LtdOil & Gas Sinfonia Technology Co LtdIndustrials Sinko Industries LtdIndustrials Sintokogio LtdIndustrials SK Kaken Co LtdBasic Materials SKY Perfect JSAT Holdings Inc Consumer Services Skymark Airlines Inc Consumer Services SMC Corp/JapanIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Toyo Construction Co LtdIndustrials Toyo Corp/Chuo-kuIndustrials Toyo Denki Seizo - Toyo Electric Manufacturing Co LtdIndustrials Toyo Engineering CorpIndustrials Toyo Ink Manufacturing Co LtdBasic Materials Toyo Kanetsu KKIndustrials Toyo Kohan Co LtdBasic Materials Toyo Securities Co Ltd Financials Toyo Seikan Kaisha LtdIndustrials Toyo Suisan Kaisha Ltd Consumer Goods Toyo Tanso Co LtdBasic Materials Toyo Tire & Rubber Co Ltd Consumer Goods Toyo Wharf & Warehouse Co LtdIndustrials Toyobo Co Ltd Consumer Goods Toyoda Gosei Co Ltd Consumer Goods Toyota Auto Body Co Ltd Consumer Goods Toyota Boshoku Corp Consumer Goods Toyota Industries Corp Consumer Goods Toyota Motor Corp Consumer Goods Toyota Tsusho CorpBasic Materials Trancom Co LtdIndustrials Transcosmos IncTechnology Trend Micro IncTechnology Trusco Nakayama CorpIndustrials TS Tech Co Ltd Consumer Goods Tsubakimoto Chain CoIndustrials Tsugami CorpIndustrials Tsukishima Kikai Co LtdIndustrials Tsukuba Bank Ltd Financials Tsumura & Co Health Care Tsuruha Holdings Inc Consumer Services Tsurumi Manufacturing Co LtdIndustrials Tsutsumi Jewelry Co Ltd Consumer Services TV Asahi Corp Consumer Services Tv Tokyo Holdings Corp Consumer Services Ube Industries Ltd/JapanBasic Materials Uchida Yoko Co Ltd Consumer Goods UKC Holdings CorpTechnology Ulvac IncIndustrials Unicharm Corp Consumer Goods Uniden CorpTechnology Unihair Co Ltd Consumer Goods Union Tool CoIndustrials Unipres Corp Consumer Goods United Arrows Ltd Consumer Services Unitika Ltd Consumer Goods UNY Co Ltd Consumer Services U-Shin Ltd Consumer Goods Ushio IncIndustrials USS Co Ltd Consumer Services Valor Co Ltd Consumer Services Village Vanguard Co Ltd Consumer Services Vital KSK Holdings Inc Health Care Wacoal Holdings Corp Consumer Goods Wacom Co Ltd/JapanTechnology Warabeya Nichiyo Co Ltd Consumer Goods Watabe Wedding CorpIndustrials WATAMI Co Ltd Consumer Services West Japan Railway Co Consumer Services Wood One Co LtdIndustrials Works Applications Co LtdTechnology Wowow Inc Consumer Services Xebio Co Ltd Consumer Services Yachiyo Bank Ltd/The Financials Yachiyo Industry Co Ltd Consumer Goods Yahagi Construction Co LtdIndustrials Yahoo Japan CorpTechnology Yakult Honsha Co Ltd Consumer Goods YAMABIKO CorpIndustrials Yamada Denki Co Ltd Consumer Services Yamagata Bank Ltd/The Financials Yamaguchi Financial Group Inc Financials Yamaha Corp Consumer Goods Yamaha Motor Co Ltd Consumer Goods Yamanashi Chuo Bank Ltd/The Financials Yamatake CorpIndustrials Yamato Holdings Co LtdIndustrials Yamato Kogyo Co LtdBasic Materials Yamazaki Baking Co Ltd Consumer Goods Yamazen CorpIndustrials Yaoko Co Ltd Consumer Services Yaskawa Electric CorpIndustrials Yellow Hat Ltd Consumer Services Yodogawa Steel Works LtdBasic Materials Yokogawa Bridge Holdings CorpIndustrials Yokogawa Electric CorpIndustrials Yokohama Reito Co Ltd Consumer Goods Yokohama Rubber Co Ltd/The Consumer Goods Yokowo Co Ltd Consumer Goods Yomiuri Land Co Ltd Consumer Services Market value (NOK) 1 655 485 3 410 513 0.15% 0.18% 0.15% 0.18% 4 262 120 5 801 721 12 381 520 2 462 802 50 302 437 1 576 365 73 065 198 163 688 584 38 676 850 6 222 615 150 212 26 893 383 29 000 751 12 005 345 31 250 812 109 473 003 2 768 574 714 30 958 697 28 790 812 4 436 448 332 986 276 63 020 988 8 510 696 9 961 072 5 572 748 24 934 823 1 850 101 28 902 081 6 415 003 236 498 3 554 734 9 900 500 1 369 587 116 023 461 1 934 982 96 520 23 302 150 164 860 896 287 811 8 366 217 9 860 554 26 709 474 3 825 674 5 504 809 40 133 254 216 847 47 803 601 45 835 051 3 983 863 20 921 670 131 923 40 360 715 9 205 820 1 237 077 15 237 159 11 266 454 146 751 507 2 112 714 30 088 128 28 163 018 111 109 304 5 421 533 12 609 704 5 991 278 270 911 025 29 703 464 97 549 333 614 478 7 847 427 44 005 361 43 083 535 136 484 923 15 721 012 150 552 529 132 300 091 69 461 124 34 589 380 3 329 459 1 900 195 550 806 025 1 461 492 13 490 695 2 691 703 45 605 913 3 307 243 30 972 612 164 832 1 486 926 0.27% 0.13% 0.14% 0.17% 1.39% 0.17% 0.30% 1.14% 0.54% 0.17% 0.02% 0.34% 0.16% 0.09% 0.16% 0.19% 0.35% 0.09% 2.56% 0.16% 1.24% 1.95% 0.11% 0.17% 0.20% 1.26% 0.11% 0.22% 0.10% 0.02% 0.11% 0.10% 0.06% 0.66% 0.17% 0.01% 0.31% 0.34% 0.03% 0.27% 0.25% 0.56% 0.10% 0.22% 0.34% 0.01% 0.31% 0.31% 0.15% 2.54% 0.00% 0.34% 0.24% 0.10% 2.39% 0.23% 0.34% 0.22% 2.29% 1.89% 1.84% 0.22% 1.04% 0.39% 0.21% 0.10% 0.01% 0.87% 0.17% 0.28% 0.30% 0.41% 0.33% 1.45% 0.34% 0.56% 0.22% 0.11% 0.05% 3.97% 0.10% 0.27% 0.16% 0.37% 0.16% 0.30% 0.02% 0.09% 0.27% 0.13% 0.14% 0.17% 1.39% 0.17% 0.30% 1.14% 0.54% 0.17% 0.02% 0.34% 0.16% 0.09% 0.16% 0.19% 0.35% 0.09% 2.56% 0.16% 1.24% 1.95% 0.11% 0.17% 0.20% 1.26% 0.11% 0.22% 0.10% 0.02% 0.11% 0.10% 0.06% 0.66% 0.17% 0.01% 0.31% 0.34% 0.03% 0.27% 0.25% 0.56% 0.10% 0.22% 0.34% 0.01% 0.31% 0.31% 0.15% 2.57% 0.00% 0.34% 0.24% 0.10% 2.39% 0.23% 0.34% 0.22% 2.28% 1.90% 1.84% 0.22% 1.04% 0.39% 0.21% 0.10% 0.01% 0.87% 0.17% 0.28% 0.30% 0.41% 0.32% 1.45% 0.34% 0.56% 0.22% 0.11% 0.05% 3.97% 0.10% 0.27% 0.16% 0.37% 0.16% 0.30% 0.02% 0.09% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 25 Government pension fund global ANNUAL REPORT 2010 0.11% 0.02% 0.30% 0.32% 1.09% 3.26% 0.09% 1.64% 0.19% 0.01% 0.20% 0.20% 0.35% 0.43% 3.00% 2.20% 0.35% 2.76% 0.25% 0.07% 0.16% 0.01% 0.35% 0.16% 0.12% 1.34% 0.04% 0.18% 0.51% 1.99% 0.29% 0.17% 0.19% 0.14% 0.21% 0.22% 0.55% 0.02% 0.11% 0.22% 0.09% 0.19% 1.27% 0.01% 0.34% 0.11% 0.22% 0.02% 0.02% 0.01% 2.35% 0.02% 0.02% 0.99% 0.74% 0.02% 0.19% 0.09% 0.07% 0.11% 0.35% 0.42% 0.07% 0.13% 0.01% 0.07% 0.18% 0.16% 0.07% 0.18% 0.05% 0.15% 0.34% 0.09% 1.31% 0.76% 0.13% 0.01% 0.37% 2.25% 0.73% 1.09% 0.69% 0.20% 1.61% 0.01% 2.69% 0.19% 0.50% 0.11% 1.32% Sector Ownership Voting 0.11% 0.02% 0.30% 0.32% 1.08% 3.26% 0.09% 1.64% 0.19% 0.01% 0.20% 0.20% 0.35% 0.43% 3.00% 2.20% 0.35% 2.76% 0.25% 0.07% 0.16% 0.01% 0.35% 0.16% 0.12% 1.34% 0.04% 0.18% 0.51% 1.99% 0.29% 0.17% 0.19% 0.14% 0.21% 0.22% 0.55% 0.02% 0.11% 0.22% 0.09% 0.19% 1.27% 0.01% 0.34% 0.11% 0.22% 0.02% 0.02% 0.01% 2.35% 0.02% 0.02% 0.99% 0.74% 0.02% 0.19% 0.09% 0.07% 0.11% 0.35% 0.42% 0.07% 0.13% 0.01% 0.07% 0.18% 0.16% 0.07% 0.18% 0.05% 0.15% 0.34% 0.09% 1.31% 0.76% 0.13% 0.01% 0.37% 2.25% 0.73% 1.09% 0.69% 0.20% 1.61% 0.01% 2.69% 0.19% 0.50% 0.11% 1.32% Ownership 3 777 515 449 991 4 564 408 223 279 135 57 586 655 583 463 500 2 970 699 18 759 794 2 893 515 140 609 14 270 134 2 156 000 98 895 296 14 709 475 53 297 875 69 282 031 24 647 783 80 885 731 10 449 118 2 199 430 7 645 329 156 017 62 258 032 26 477 720 7 078 300 31 692 425 3 529 278 7 571 656 333 312 436 29 506 541 23 307 217 3 018 930 20 043 332 11 833 175 13 155 584 6 491 560 767 776 735 215 141 2 330 865 23 248 241 14 604 681 5 654 232 2 904 930 059 147 202 227 396 154 1 574 215 153 658 288 99 329 1 177 558 170 852 74 403 713 709 364 1 968 378 46 363 029 86 282 424 153 365 6 442 773 2 328 285 1 696 119 2 141 496 118 090 038 64 736 758 2 287 177 879 127 171 138 1 094 770 6 332 623 7 454 110 755 360 64 593 872 1 529 539 10 202 350 127 480 567 2 077 182 48 746 067 429 957 487 2 046 036 428 849 13 524 191 28 005 005 985 621 908 53 813 784 56 571 850 16 405 351 29 489 699 104 059 305 498 398 2 894 590 78 930 946 1 898 289 73 046 287 Voting Temp Holdings Co LtdIndustrials Tenma Corp Consumer Goods Tera Probe IncTechnology Terumo Corp Health Care T-Gaia CorpTechnology THK Co LtdIndustrials TKCIndustrials Toa Corp/HyogoIndustrials Toa Corp/TokyoIndustrials Toa Oil Co LtdOil & Gas Toagosei Co LtdBasic Materials Tobishima CorpIndustrials Tobu Railway Co Ltd Consumer Services TOC Co Ltd Financials Tocalo Co LtdBasic Materials Tochigi Bank Ltd/The Financials Toda CorpIndustrials Toda Kogyo CorpBasic Materials Toei Co Ltd Consumer Services Toenec CorpIndustrials Toho Bank Ltd/The Financials Toho Co Ltd/Kobe Consumer Services Toho Co Ltd/Tokyo Consumer Services Toho Gas Co LtdUtilities Toho Holdings Co Ltd Health Care Toho Real Estate Co Ltd Financials Toho Titanium Co LtdBasic Materials Toho Zinc Co LtdBasic Materials Tohoku Electric Power Co IncUtilities Tohokushinsha Film Corp Consumer Services Tokai Carbon Co LtdBasic Materials Tokai CorpUtilities Tokai Rika Co Ltd Consumer Goods Tokai Rubber Industries Ltd Consumer Goods Tokai Tokyo Financial Holdings Inc Financials Token Corp Consumer Goods Tokio Marine Holdings Inc Financials Toko IncIndustrials Tokushu Tokai Paper Co LtdBasic Materials Tokuyama CorpBasic Materials Tokyo Broadcasting System Holdings Inc Consumer Services Tokyo Dome Corp Consumer Services Tokyo Electric Power Co Inc/TheUtilities Tokyo Electron Device LtdTechnology Tokyo Electron LtdTechnology Tokyo Energy & Systems IncIndustrials Tokyo Gas Co LtdUtilities Tokyo Kikai Seisakusho LtdIndustrials Tokyo Ohka Kogyo Co LtdTechnology Tokyo Rakutenchi Co Ltd Financials Tokyo Rope Manufacturing Co LtdBasic Materials Tokyo Seimitsu Co LtdTechnology Tokyo Steel Manufacturing Co LtdBasic Materials Tokyo Style Co Ltd Consumer Goods Tokyo Tatemono Co Ltd Financials Tokyo Tekko Co LtdBasic Materials Tokyo Tomin Bank Ltd/The Financials Tokyotokeiba Co Ltd Consumer Services Tokyu Community Corp Financials Tokyu Construction Co LtdIndustrials Tokyu Corp Consumer Services Tokyu Land Corp Financials Tokyu Livable Inc Financials Toli CorpIndustrials Tomen Electronics CorpTechnology Tomoku Co LtdIndustrials TOMONY Holdings Inc Financials Tomy Co Ltd Consumer Goods Tonami Holdings Co LtdIndustrials TonenGeneral Sekiyu KKOil & Gas Topcon Corp Health Care Toppan Forms Co LtdIndustrials Toppan Printing Co LtdIndustrials Topre Corp Consumer Goods Topy Industries LtdIndustrials Toray Industries IncBasic Materials Toridoll.corp Consumer Services Torii Pharmaceutical Co Ltd Health Care Torishima Pump Manufacturing Co LtdIndustrials Tosei Corp Financials Toshiba CorpIndustrials Toshiba Machine Co LtdIndustrials Toshiba Plant Systems & Services CorpIndustrials Toshiba TEC CorpIndustrials Toshin Group Co Ltd Consumer Goods Tosho Printing Co LtdIndustrials Tosoh CorpBasic Materials Totetsu Kogyo Co LtdIndustrials TOTO LtdIndustrials Towa Bank Ltd/The Financials Towa Pharmaceutical Co Ltd Health Care Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 1.85% 0.00% 1.17% 2.08% 1.85% 2.15% 1.17% 2.08% 52 161 283 20 373 113 0.00% 0.04% 5.03% 0.04% 281 513 771 33 648 561 260 911 728 205 577 857 1.19% 0.32% 1.50% 1.03% 1.19% 0.32% 1.50% 1.03% 4 112 0.00% 0.00% 40 346 869 15 845 850 141 440 782 13 352 496 18 555 812 5 591 536 601 284 162 7 210 992 22 105 79 551 482 4 137 139 47 498 624 8 401 441 4 634 316 10 581 817 435 202 753 11 606 910 8 431 496 40 820 328 29 970 102 52 250 336 17 349 844 4 252 634 920 801 36 466 929 17 089 751 168 944 488 374 964 725 75 547 593 80 489 703 13 334 120 873 901 41 678 080 12 001 364 1 416 866 29 648 402 9 736 693 154 187 995 64 033 911 28 299 048 386 354 059 6 096 574 65 604 445 16 744 914 8 699 917 44 067 503 6 833 311 76 644 899 21 036 968 5 379 432 242 342 152 28 153 160 7 220 427 28 123 750 32 307 581 602 517 546 36 410 159 0.31% 1.09% 1.59% 0.03% 0.65% 0.26% 0.80% 0.08% 0.00% 0.69% 1.24% 0.50% 0.11% 0.13% 1.06% 0.37% 0.78% 2.25% 0.61% 0.08% 0.74% 0.94% 0.98% 0.01% 2.66% 0.98% 1.15% 0.48% 0.20% 0.64% 2.29% 0.26% 0.83% 1.68% 0.82% 0.11% 0.17% 0.97% 1.07% 0.63% 0.53% 1.69% 0.87% 1.11% 1.29% 2.83% 0.12% 1.43% 0.54% 0.40% 0.54% 0.37% 0.06% 2.73% 1.21% 0.51% 0.28% 0.30% 1.09% 1.59% 0.03% 0.65% 0.26% 0.80% 0.08% 0.00% 0.69% 1.24% 0.50% 0.11% 0.13% 1.06% 0.37% 0.78% 2.25% 0.61% 0.08% 0.74% 0.94% 0.98% 0.01% 2.66% 0.98% 1.15% 0.48% 0.20% 0.64% 2.29% 0.26% 0.83% 1.68% 0.82% 0.11% 0.17% 0.97% 1.07% 0.63% 0.53% 1.69% 0.87% 1.11% 1.29% 2.83% 0.12% 1.43% 0.54% 0.40% 0.54% 0.37% 0.06% 2.73% 1.21% 0.51% 0.28% 26 358 416 6 711 189 13 653 991 0.15% 0.13% 0.61% 0.15% 0.13% 0.61% 110 150 697 7 096 636 31 097 389 119 167 044 40 281 843 290 107 286 832 6 446 807 5 882 010 5 414 554 16 425 084 7 995 487 80 449 212 59 521 727 29 670 042 13 670 900 77 874 125 827 058 504 758 266 2 841 103 20 993 942 35 209 099 41 874 670 14 342 123 12 371 732 16 190 021 5 578 171 388 942 958 75 813 068 269 364 21 568 397 695 100 35 763 389 12 990 307 13 270 892 2 626 262 3 823 656 130 032 131 51 072 330 1 053 273 26 655 699 39 885 458 65 262 029 16 668 201 58 008 055 68 561 855 534 381 168 335 068 17 945 382 16 886 729 18 582 624 108 992 625 11 161 582 2.12% 0.01% 0.63% 0.17% 0.25% 0.03% 0.01% 0.14% 0.65% 0.55% 0.15% 0.89% 0.10% 0.27% 0.07% 0.03% 0.20% 0.02% 0.58% 0.16% 2.13% 0.10% 0.56% 0.46% 1.52% 0.73% 0.24% 0.39% 0.66% 0.01% 0.84% 0.03% 1.53% 0.38% 0.20% 0.30% 0.02% 0.19% 1.35% 0.02% 0.79% 1.81% 0.39% 0.11% 1.98% 1.02% 0.02% 3.56% 1.72% 0.38% 0.06% 0.33% 1.75% 2.12% 0.01% 0.63% 0.17% 0.25% 0.03% 0.01% 0.14% 0.65% 0.55% 0.15% 0.89% 0.10% 0.27% 0.07% 0.03% 0.20% 0.02% 0.58% 0.16% 2.13% 0.10% 0.56% 0.46% 1.52% 0.73% 0.24% 0.39% 0.66% 0.01% 0.84% 0.03% 1.53% 0.38% 0.20% 0.30% 0.02% 0.19% 1.35% 0.02% 0.79% 1.81% 0.39% 0.11% 1.98% 1.02% 0.02% 3.56% 1.72% 0.38% 0.06% 0.33% 1.75% 104 347 295 2 512 729 758 22 040 064 0.33% 1.11% 0.53% 0.33% 0.37% 0.53% 19 349 523 419 449 667 92 174 351 24 453 959 15 846 438 57 600 606 55 143 963 62 558 486 381 899 027 40 971 491 12 515 739 0.20% 0.68% 0.10% 0.52% 0.20% 0.49% 0.50% 0.66% 0.33% 0.28% 0.20% 0.20% 0.68% 0.10% 0.52% 0.20% 0.49% 0.50% 0.66% 0.33% 0.28% 0.20% 10 590 873 66 633 418 60 713 536 112 442 023 160 264 810 115 929 802 11 840 321 832 752 836 150 426 832 7 663 021 376 188 237 0.28% 0.35% 0.61% 0.19% 0.19% 0.19% 0.25% 0.45% 0.13% 0.10% 0.43% 0.24% 0.50% 0.61% 0.19% 0.19% 0.19% 0.25% 0.45% 0.13% 0.10% 0.43% 49 279 746 28 178 797 214 747 881 90 084 903 99 763 116 28 016 288 42 360 764 94 960 357 41 461 552 0.20% 0.28% 0.25% 0.24% 0.27% 0.00% 0.13% 0.00% 0.35% 0.20% 0.28% 0.25% 0.24% 0.27% 0.17% 0.13% 0.11% 0.35% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 26 Government pension fund global ANNUAL REPORT 2010 164 006 694 21 741 295 64 933 236 48 021 673 Malaysian Resources Corp BhdIndustrials Maxis BhdTelecommunications Media Prima Bhd Consumer Services MISC BhdIndustrials MMC Corp BhdUtilities Muhibbah Engineering M BhdIndustrials Mulpha International Bhd Consumer Services Multi-Purpose Holdings BHD Consumer Services My EG Services BhdIndustrials Pantech Group Holdings BhdBasic Materials Parkson Holdings Bhd Consumer Services Petra Perdana BhdOil & Gas Petronas Chemicals Group BhdBasic Materials Petronas Dagangan BHDOil & Gas Petronas Gas BHDOil & Gas PLUS Expressways BhdIndustrials PPB Group Bhd Consumer Goods Proton Holdings Bhd Consumer Goods Public Bank Bhd Financials Puncak Niaga Holding BHDUtilities Ranhill BhdIndustrials RHB Capital Bhd Financials SapuraCrest Petroleum BHDOil & Gas Sarawak Oil Palms Bhd Consumer Goods Scomi Group BhdOil & Gas Selangor Properties Bhd Financials Shin Yang Shipping Corp BhdIndustrials Sime Darby BhdIndustrials SP Setia Bhd Financials Sunrise BHD Financials Sunway Holdings BHDIndustrials Supermax Corp Bhd Health Care Ta Ann Holdings BhdBasic Materials TA Global Bhd Financials TAN Chong Motor Holdings BHD Consumer Goods Tanjung Offshore BhdOil & Gas Telekom Malaysia BhdTelecommunications Tenaga Nasional BhdUtilities Time dotCom BhdTelecommunications Top Glove Corp Bhd Health Care Tradewinds Plantation Bhd Consumer Goods TSH Resources Bhd Consumer Goods UEM Land Holdings Bhd Financials UMW Holdings Bhd Consumer Goods Unisem M BhdTechnology United Plantations BHD Consumer Goods Wah Seong Corp BhdOil & Gas WCT BerhadIndustrials WTK Holdings BHDIndustrials YTL Cement BhdIndustrials YTL Corp BhdUtilities YTL Power International BhdUtilities Zelan BhdIndustrials Mexico Alfa SAB de CVIndustrials America Movil SAB de CVTelecommunications Axtel SAB de CVTelecommunications Carso Infraestructura y Construccion SAB de CVIndustrials Cemex SAB de CVIndustrials Coca-Cola Femsa SAB de CV Consumer Goods Consorcio ARA SAB de CV Consumer Goods Controladora Comercial Mexicana SAB de CV Consumer Services Corp GEO SAB de CV Consumer Goods Desarrolladora Homex SAB de CV Consumer Goods Empresas ICA SAB de CVIndustrials Fomento Economico Mexicano SAB de CV Consumer Goods Genomma Lab Internacional SAB de CV Health Care Gruma SAB de CV Consumer Goods Grupo Aeroportuario del Centro Norte Sab de CVIndustrials Grupo Aeroportuario del Pacifico SAB de CVIndustrials Grupo Aeroportuario del Sureste SAB de CVIndustrials Grupo Bimbo SAB de CV Consumer Goods Grupo Carso SAB de CVIndustrials Grupo Elektra SA de CV Consumer Services Grupo Famsa SAB de CV Consumer Services Grupo Mexico SAB de CVBasic Materials Grupo Modelo SAB de CV Consumer Goods Grupo Simec SAB de CVBasic Materials Grupo Televisa SA Consumer Services Impulsora del Desarrollo y El Empleo en America Latina SAB de CVIndustrials Industrias CH SAB de CVBasic Materials Industrias Penoles SAB de CVBasic Materials Kimberly-Clark de Mexico SAB de CV Consumer Goods Mexichem SAB de CVBasic Materials OHL Mexico SAB de CVIndustrials Organizacion Soriana SAB de CV Consumer Services Telefonos de Mexico SAB de CVTelecommunications TV Azteca SAB de CV Consumer Services Ownership 0.20% 0.27% 0.22% 0.17% 0.13% 0.05% 2.11% 0.56% 0.20% 0.13% 0.20% 0.12% 0.09% 0.17% Voting 0.20% 0.27% 0.22% 0.17% 0.13% 0.05% 2.11% 0.56% 0.20% 0.13% 0.20% 0.12% 0.09% 0.17% Market value (NOK) Ownership 2 777 416 6 041 616 10 645 210 2 298 759 2 430 552 1 878 954 43 184 812 7 314 483 2 311 386 3 113 551 14 082 806 14 695 156 2 976 862 2 307 760 Sector Voting Yonekyu Corp Consumer Goods Yorozu Corp Consumer Goods Yoshinoya Holdings Co Ltd Consumer Services Yuasa Trading Co LtdIndustrials Yurtec CorpIndustrials Yusen Logistics Co LtdIndustrials Yushin Precision Equipment Co LtdIndustrials Yushiro Chemical Industry Co LtdBasic Materials Zappallas Inc Consumer Services Zenrin Co Ltd Consumer Services Zensho Co Ltd Consumer Services Zeon CorpBasic Materials ZERIA Pharmaceutical Co Ltd Health Care Zuken IncIndustrials Jersey C.I. 3i Infrastructure PLC Financials CSF Group PLCTechnology Highland Gold Mining LtdBasic Materials Max Property Group PLC Financials Kazakhstan Kazkommertsbank JSC Financials KazMunaiGas Exploration ProductionOil & Gas Luxembourg L’Occitane International SA Consumer Goods MHP SA Consumer Goods Oriflame Cosmetics SA Consumer Goods Reinet Investments SCA Financials Variopartner SICAV - MIV Global Medtech Fund Financials Malaysia AirAsia BHD Consumer Services Alam Maritim Resources BhdOil & Gas Alliance Financial Group Bhd Financials AMMB Holdings Bhd Financials Ann Joo Resources BhdBasic Materials APM Automotive Holdings Bhd Consumer Goods Axiata Group BhdTelecommunications Berjaya Corp Bhd Consumer Services Berjaya Retail Bhd Consumer Services Berjaya Sports Toto BHD Consumer Services Borneo Aqua Harvest Bhd Consumer Goods Boustead Holdings BhdIndustrials Bursa Malaysia Bhd Financials Carlsberg Brewery-Malay BHD Consumer Goods CB Industrial Product Holding BhdIndustrials CIMB Group Holdings Bhd Financials Coastal Contracts BhdIndustrials Daibochi Plastic & Packaging Industry BhdIndustrials Dialog Group BHDOil & Gas DiGi.Com BhdTelecommunications DRB-Hicom BhdIndustrials Eastern & Oriental Bhd Financials ENG Teknologi Hldgs BHDIndustrials EON Capital Bhd Financials Evergreen Fibreboard BhdIndustrials Faber Group BHD Health Care Gamuda BhdIndustrials Genting Bhd Consumer Services Genting Malaysia BHD Consumer Services Genting Plantations Bhd Consumer Goods Globetronics Technology BHDIndustrials GW Plastics Holdings BhdIndustrials Hap Seng Plantations Holdings Bhd Consumer Goods Hiap Teck Venture BhdBasic Materials Homeritz Corp Bhd Consumer Goods Hong Leong Bank BHD Financials IGB Corp Bhd Financials IJM Corp BHDIndustrials IJM Land Bhd Financials IJM Plantations Bhd Consumer Goods IOI Corp Bhd Consumer Goods Ivory Properties Group Bhd Financials Kencana Petroleum BhdOil & Gas Kim Loong Resources Bhd Consumer Goods Kimlun Corp BhdIndustrials Kinsteel BhdBasic Materials KLCC Property Holdings Bhd Financials KNM Group BhdOil & Gas KPJ Healthcare Bhd Health Care KSL Holdings BHD Financials Kuala Lumpur Kepong Bhd Consumer Goods Kulim Malaysia BHD Consumer Goods Lafarge Malayan Cement BhdIndustrials Latexx Partners BHD Health Care Lion Industries Corp BhdBasic Materials Malayan Banking Bhd Financials Malaysia Airports Holdings BhdIndustrials Malaysia Marine and Heavy Engineering Holdings BhdOil & Gas Malaysian Bulk Carriers BhdIndustrials Malaysian Pacific Industries BhdTechnology Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.03% 0.00% 0.26% 0.03% 0.03% 0.00% 0.26% 0.03% 43 008 951 561 527 011 1 316 180 677 37 268 902 132 387 220 4 419 243 033 224 470 330 1 904 489 328 29 015 394 133 058 740 40 963 223 224 286 664 443 358 671 249 162 922 317 549 476 141 247 463 115 767 468 526 133 977 677 070 296 34 049 902 38 670 325 578 680 559 944 500 657 365 991 160 4 027 785 847 20 238 789 12 669 804 2 031 721 848 114 699 409 383 002 126 1 091 186 533 1 872 286 267 3 165 315 960 101 338 899 261 027 950 37 443 217 119 465 815 82 637 942 326 314 496 22 478 461 707 867 510 720 753 729 389 276 148 72 528 489 74 397 071 37 084 281 1 036 610 684 77 831 881 4 969 601 966 97 623 762 174 237 980 40 345 248 155 680 723 299 301 428 84 355 255 237 744 582 516 651 209 72 124 166 244 315 031 1.42% 0.91% 1.56% 1.92% 1.44% 1.28% 2.10% 1.83% 0.80% 1.97% 0.77% 0.34% 1.30% 1.66% 2.25% 0.72% 1.59% 4.79% 1.76% 1.21% 1.96% 0.79% 0.57% 1.81% 1.85% 0.52% 0.88% 2.21% 1.38% 1.36% 1.46% 1.40% 1.80% 1.82% 0.74% 2.16% 1.83% 1.63% 2.10% 1.56% 1.35% 1.38% 1.77% 0.91% 1.04% 0.65% 1.79% 0.57% 0.90% 1.77% 1.89% 2.18% 2.08% 0.27% 1.87% 1.95% 1.35% 0.10% 1.86% 1.42% 0.91% 1.56% 1.92% 1.44% 1.28% 2.10% 1.94% 0.80% 1.97% 0.77% 0.34% 1.30% 1.66% 2.25% 0.72% 1.45% 4.79% 1.76% 1.21% 1.96% 0.79% 0.57% 1.81% 1.85% 0.52% 0.88% 2.21% 1.38% 1.36% 1.46% 1.40% 1.80% 1.82% 0.74% 2.16% 1.83% 1.63% 2.10% 1.56% 1.35% 1.38% 1.77% 0.91% 1.04% 0.65% 1.79% 0.57% 0.90% 1.77% 1.89% 2.18% 2.08% 0.27% 1.87% 1.95% 1.35% 0.10% 1.86% 10 437 140 62 027 590 57 286 745 15 820 825 35 287 473 142 669 730 13 383 287 23 582 089 8 333 314 9 659 463 17 533 042 174 463 686 31 560 058 4 882 652 13 397 215 9 796 797 15 242 851 0.14% 0.48% 0.33% 0.86% 0.48% 0.67% 0.61% 0.44% 0.24% 0.62% 0.56% 2.04% 0.34% 0.03% 0.54% 0.09% 0.31% 0.14% 0.48% 0.33% 0.86% 0.48% 0.67% 0.61% 0.44% 0.24% 0.62% 0.56% 2.04% 0.34% 0.03% 0.54% 0.09% 0.31% 164 939 365 267 490 044 61 262 503 0.21% 0.48% 0.74% 0.21% 0.48% 0.30% 58 303 100 46 228 945 0.19% 0.29% 0.19% 0.29% 49 287 848 73 941 880 48 841 954 70 850 028 277 538 721 9 790 393 16 993 009 16 483 255 24 696 655 0.19% 0.26% 0.24% 0.25% 1.90% 0.23% 0.31% 0.35% 0.18% 0.19% 0.26% 0.24% 0.25% 1.90% 0.23% 0.31% 0.35% 0.18% 32 639 443 32 114 902 75 734 587 38 805 883 23 445 976 22 944 318 1 609 030 25 630 460 75 928 251 20 459 085 82 319 463 38 322 797 24 257 956 7 175 932 0.28% 0.26% 0.22% 0.76% 0.28% 0.11% 0.01% 0.24% 0.12% 0.35% 0.19% 0.18% 0.25% 0.20% 0.28% 0.26% 0.22% 0.76% 0.28% 0.11% 0.01% 0.24% 0.12% 0.35% 0.19% 0.18% 0.25% 0.20% 6 969 136 41 059 348 3 680 656 105 038 963 86 161 616 118 746 297 569 033 259 181 936 258 13 586 385 219 690 024 74 802 665 81 017 212 7 799 161 17 853 892 5 575 126 55 952 031 10 446 740 44 576 002 100 520 457 78 034 682 91 415 191 50 330 670 927 713 950 95 415 526 24 290 259 74 949 611 10 500 389 156 450 623 2 557 582 62 281 969 20 250 926 279 076 841 1.88% 1.17% 0.12% 1.15% 0.36% 1.02% 0.62% 0.59% 0.86% 0.87% 1.50% 1.77% 0.57% 0.12% 0.14% 0.27% 0.71% 0.64% 0.62% 0.74% 0.98% 0.22% 1.36% 1.30% 0.61% 0.96% 1.01% 0.18% 0.80% 1.70% 1.40% 0.72% 2.97% 1.57% 0.12% 1.15% 0.36% 1.02% 0.62% 0.59% 0.86% 0.87% 1.50% 1.77% 0.57% 0.20% 0.14% 0.27% 0.71% 0.64% 0.62% 0.74% 0.98% 0.22% 1.36% 1.30% 0.61% 1.25% 1.01% 0.18% 0.80% 1.70% 1.40% 0.72% 220 297 146 0.53% 0.53% 693 127 892 193 061 085 18 265 156 80 750 500 10 252 619 38 009 608 172 558 724 15 609 761 0.65% 0.32% 0.23% 0.19% 1.98% 0.97% 1.50% 1.24% 0.65% 0.32% 0.23% 0.19% 2.88% 0.97% 1.50% 1.24% 69 565 473 67 900 946 275 412 258 111 230 904 20 687 229 319 865 897 136 271 241 1 856 173 293 179 686 660 181 624 872 56 031 795 5 697 285 393 870 771 2 365 247 24 472 180 2.56% 0.70% 1.29% 0.42% 0.53% 1.31% 0.51% 2.61% 0.61% 0.20% 4.44% 0.31% 0.70% 0.20% 0.88% 2.56% 0.70% 1.29% 0.42% 0.53% 1.31% 0.51% 2.61% 0.61% 0.20% 4.44% 0.31% 0.70% 0.20% 0.88% 177 335 943 2 727 182 432 32 306 198 1.30% 4.66% 0.30% 1.30% 4.66% 0.30% 268 667 576 253 132 458 3.52% 2.08% 3.52% 2.08% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 27 Government pension fund global ANNUAL REPORT 2010 9 466 043 219 462 59 982 108 31 234 731 Ayala CorpIndustrials Ayala Land Inc Financials Banco de Oro Unibank Inc Financials Bank of the Philippine Islands Financials Energy Development CorpUtilities Filinvest Land Inc Financials First Gen CorpUtilities First Philippine Holdings CorpUtilities Globe Telecom IncTelecommunications International Container Terminal Services IncIndustrials Jollibee Foods Corp Consumer Services Manila Electric CoUtilities Manila Water Co IncUtilities Megaworld Corp Financials Metropolitan Bank & Trust Financials Petron CorpOil & Gas Philex Mining CorpBasic Materials Philippine Long Distance Telephone CoTelecommunications Robinsons Land Corp Financials SM Investments Corp Consumer Services SM Prime Holdings Inc Financials Universal Robina Corp Consumer Goods Vista Land & Lifescapes Inc Financials Poland ABM Solid SAIndustrials Agora SA Consumer Services AmRest Holdings SE Consumer Services Asseco Poland SATechnology Bank Handlowy w Warszawie SA Financials Bank Millennium SA Financials Bank Pekao SA Financials Bank Zachodni WBK SA Financials Bioton SA Health Care BRE Bank SA Financials Budimex SAIndustrials Cersanit SAIndustrials Ciech SABasic Materials Cyfrowy Polsat SA Consumer Services Echo Investment SA Financials Enea SAUtilities Erbud SAIndustrials Eurocash SA Consumer Services Getin Holding SA Financials Globe Trade Centre SA Financials Grupa Lotos SAOil & Gas ING Bank Slaski SA Financials KGHM Polska Miedz SABasic Materials Lubelski Wegiel Bogdanka SABasic Materials Netia SATelecommunications PBG SAIndustrials Pfleiderer Grajewo SAIndustrials PGE Polska Grupa Energetyczna SAUtilities Pharmena SA Health Care Polimex-Mostostal SAIndustrials Polnord SAIndustrials Polski Koncern Naftowy Orlen S.A.Oil & Gas Polskie Gornictwo Naftowe i Gazownictwo SAOil & Gas Powszechna Kasa Oszczednosci Bank Polski SA Financials Powszechny Zaklad Ubezpieczen SA Financials Synthos SABasic Materials Telekomunikacja Polska SATelecommunications Tesgas SAIndustrials Towarzystwo Ubezpieczeniowe EUROPA SA Financials TVN SA Consumer Services Wawel SA Consumer Goods Portugal Altri SGPS SABasic Materials Banco BPI SA Financials Banco Comercial Portugues SA Financials Banco Espirito Santo SA Financials BANIF SGPS SA Financials Brisa Auto-Estradas de Portugal SAIndustrials Cimpor Cimentos de Portugal SGPS SAIndustrials EDP - Energias de Portugal SAUtilities EDP Renovaveis SAUtilities Galp Energia SGPS SAOil & Gas Ibersol SGPS SA Consumer Services Impresa SGPS SA Consumer Services Jeronimo Martins SGPS SA Consumer Services Martifer SGPS SAIndustrials Mota-Engil SGPS SAIndustrials Portucel Empresa Produtora de Pasta e Papel SABasic Materials Portugal Telecom SGPS SATelecommunications REN - Redes Energeticas Nacionais SAUtilities Semapa-Sociedade de Investimento e GestaoBasic Materials Sonae Consumer Services Ownership 0.37% Voting 0.37% Market value (NOK) Ownership 49 026 353 Sector Voting Urbi Desarrollos Urbanos SAB de CV Consumer Goods Morocco Banque Marocaine du Commerce Exterieur Financials Cie Generale Immobiliere Financials Douja Promotion Groupe Addoha SA Financials Maroc TelecomTelecommunications Netherlands Accell Group Consumer Goods Aegon NV Financials Akzo Nobel NVBasic Materials AMG Advanced Metallurgical Group NVIndustrials Arcadis NVIndustrials ArcelorMittalBasic Materials ASM International NVTechnology ASML Holding NVTechnology Beter Bed Holding NV Consumer Services BinckBank NV Financials Brunel International NVIndustrials CNH Global NVIndustrials Corio NV Financials Crucell NV Health Care CSM Consumer Goods Delta Lloyd NV Financials Draka Holding NVIndustrials Eurocommercial Properties NV Financials Fugro NVOil & Gas Grontmij NVIndustrials Heijmans NVIndustrials Heineken Holding NV Consumer Goods Heineken NV Consumer Goods Imtech NVIndustrials ING Groep NV Financials Kardan NV Financials KAS Bank NV Financials Koninklijke Ahold NV Consumer Services Koninklijke BAM Groep NVIndustrials Koninklijke Boskalis Westminster NVIndustrials Koninklijke DSM NVBasic Materials Koninklijke KPN NVTelecommunications Koninklijke Philips Electronics NV Consumer Goods Koninklijke Ten Cate NVIndustrials Koninklijke Vopak NVIndustrials Koninklijke Wessanen NV Consumer Goods Mediq NV Consumer Services Nieuwe Steen Investments NV Financials Nutreco NV Consumer Goods Ordina NVTechnology Randstad Holding NVIndustrials Reed Elsevier NV Consumer Services SBM Offshore NVOil & Gas Sligro Food Group NV Consumer Services SNS REAAL NV Financials TKH Group NVIndustrials TNT NVIndustrials TomTom NVTechnology Unilever NV Consumer Goods Unit 4 NVTechnology USG People NVIndustrials Vastned Offices/Industrial NV Financials Vastned Retail NV Financials VimpelCom LtdTelecommunications Wavin NVIndustrials Wereldhave NV Financials Wolters Kluwer NV Consumer Services X5 Retail Group NV Consumer Services Aalberts Industries NVIndustrials New Zealand Air New Zealand Ltd Consumer Services Auckland International Airport LtdIndustrials Contact Energy LtdUtilities Fisher & Paykel Appliances Holdings Ltd Consumer Goods Fisher & Paykel Healthcare Corp Ltd Health Care Fletcher Building LtdIndustrials Freightways LtdIndustrials Infratil LtdIndustrials Mainfreight LtdIndustrials New Zealand Oil & Gas LtdOil & Gas Nuplex Industries LtdBasic Materials Sky City Entertainment Group Ltd Consumer Services Sky Network Television Ltd Consumer Services Telecom Corp of New Zealand LtdTelecommunications Tower Ltd Financials Vector LtdUtilities Warehouse Group Ltd/The Consumer Services Peru Cia de Minas Buenaventura SABasic Materials Credicorp Ltd Financials Volcan Cia Minera SAABasic Materials Philippines Aboitiz Power CorpUtilities Alliance Global Group IncIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 1.80% 0.14% 0.14% 164 146 632 0.97% 459 754 177 0.00% 4 394 324 0.04% 22 865 812 1.39% 8 987 792 4 786 795 0.05% 10 425 018 0.98% 152 715 473 1.15% 595 502 200 0.02% 81 388 463 0.00% 142 646 697 2.10% 71 241 714 2.57% 138 843 810 2.14% 999 247 273 1.15% 463 967 222 0.51% 68 514 022 1.49% 566 749 335 0.47% 6 279 778 378 0.63% 305 628 895 0.73% 170 119 900 0.64% 0.97% 0.90% 0.04% 1.39% 0.02% 0.04% 0.94% 1.10% 1.44% 0.00% 2.10% 2.31% 2.14% 1.15% 0.51% 1.96% 0.49% 0.72% 0.69% 0.64% 6 339 044 0.15% 0.15% 10 932 965 91 413 412 16 666 739 13 550 473 4 585 913 27 004 735 3 823 335 118 18 898 671 21 524 487 150 545 629 2 875 840 540 558 235 40 401 023 57 269 400 996 295 9 566 687 805 039 153 1 377 563 1 841 766 327 108 671 561 15 335 506 33 577 930 7 658 699 7 672 500 186 770 854 1 050 593 157 369 004 537 709 579 17 572 307 126 573 903 1 667 754 278 80 319 509 0.18% 0.38% 0.55% 0.40% 0.00% 0.13% 1.31% 0.21% 0.03% 0.21% 0.00% 0.63% 0.17% 0.44% 0.01% 0.19% 0.17% 0.00% 0.27% 0.72% 0.14% 0.21% 0.09% 0.00% 0.06% 0.21% 0.35% 0.75% 0.27% 0.40% 0.32% 0.29% 0.18% 0.38% 0.55% 0.40% 0.07% 0.13% 1.31% 0.21% 0.03% 0.21% 0.02% 0.64% 0.17% 0.44% 0.01% 0.15% 0.40% 0.05% 1.07% 0.72% 0.14% 0.21% 0.09% 2.52% 0.75% 0.21% 0.36% 0.77% 0.27% 0.40% 0.38% 0.30% 2 179 688 3 219 121 203 528 818 867 717 597 274 429 668 10 994 296 3 112 663 822 548 904 414 16 748 458 12 914 084 9 408 163 17 495 509 70 212 023 53 611 624 6 235 540 40 458 524 3 890 826 3 912 827 630 506 288 146 834 546 533 058 680 230 510 303 119 9 044 564 126 298 928 0.33% 0.74% 0.53% 0.01% 0.31% 0.26% 1.35% 0.80% 0.11% 0.30% 0.16% 0.24% 0.04% 0.00% 0.00% 0.00% 0.10% 0.11% 0.70% 1.67% 0.01% 0.01% 0.25% 0.06% 0.14% 0.25% 0.72% 0.53% 0.01% 0.48% 0.26% 2.04% 0.83% 0.11% 0.30% 0.16% 0.24% 0.18% 0.02% 0.22% 0.00% 0.22% 0.11% 0.57% 1.34% 0.01% 0.01% 0.25% 0.06% 0.38% 26 124 877 14 811 089 111 213 014 30 852 163 18 989 619 21 528 870 19 108 729 89 731 432 368 442 759 138 939 312 11 612 569 46 825 455 5 498 111 3 154 009 17 674 993 13 055 065 21 535 812 18 426 527 1 526 096 6 535 949 257 528 357 94 540 646 96 517 494 58 792 894 21 429 186 997 152 458 27 833 576 19 026 144 3 879 999 23 844 583 252 092 877 20 356 570 14 427 928 177 081 465 331 297 963 172 826 476 25 672 009 18 620 672 20 567 165 10 709 284 13 649 723 9 358 940 14 567 465 196 693 328 38 532 516 187 847 037 8 379 928 2 518 879 275 419 251 105 475 054 0.31% 0.46% 0.63% 0.50% 0.46% 0.38% 0.75% 0.47% 0.51% 0.49% 0.33% 0.52% 0.35% 0.33% 0.17% 0.64% 0.65% 0.00% 0.16% 0.24% 0.50% 3.73% 0.66% 0.27% 0.71% 0.66% 0.43% 0.18% 0.31% 0.48% 0.62% 0.39% 0.62% 0.15% 0.75% 0.39% 0.56% 0.13% 0.37% 0.26% 0.25% 0.18% 0.23% 2.18% 0.21% 0.32% 0.33% 0.17% 0.33% 0.33% 0.31% 0.46% 0.63% 0.50% 0.46% 0.38% 0.75% 0.47% 0.51% 0.49% 0.33% 0.52% 0.35% 0.33% 0.17% 0.64% 0.65% 2.11% 0.16% 0.24% 0.50% 3.73% 0.66% 0.27% 0.71% 0.66% 0.43% 0.18% 0.31% 0.48% 0.62% 0.39% 0.62% 0.15% 0.75% 0.39% 0.56% 0.13% 0.37% 0.26% 0.25% 0.18% 0.23% 2.18% 0.21% 0.32% 0.33% 0.17% 0.33% 0.33% 7 344 427 20 741 457 17 828 066 7 835 544 13 384 927 10 719 153 52 826 103 21 631 663 63 938 358 274 684 239 8 816 666 115 222 008 808 739 977 23 867 074 15 154 517 17 040 892 59 260 689 216 879 484 10 379 605 24 854 616 264 600 775 258 602 981 37 572 061 51 885 681 43 506 875 84 366 342 48 227 261 222 849 496 2 114 316 5 873 436 1 742 130 82 086 454 8 175 478 7 371 084 7 827 377 437 241 521 84 859 422 75 255 907 19 410 649 0.21% 0.31% 0.21% 0.39% 0.51% 0.11% 0.50% 0.41% 0.25% 0.46% 0.32% 0.38% 0.54% 0.53% 0.39% 0.56% 0.41% 0.52% 0.02% 0.12% 0.32% 0.63% 0.27% 0.50% 0.15% 0.04% 0.34% 4.58% 0.01% 0.07% 0.01% 0.55% 0.35% 0.50% 0.36% 0.34% 0.51% 0.65% 0.18% 0.21% 0.31% 0.21% 0.39% 0.51% 0.11% 0.50% 0.41% 0.25% 0.46% 0.32% 0.38% 0.54% 0.53% 0.39% 0.56% 0.41% 0.52% 0.02% 0.12% 0.32% 0.63% 0.27% 0.50% 0.15% 0.04% 0.34% 4.58% 0.01% 0.07% 0.01% 0.55% 0.35% 0.50% 0.36% 0.34% 0.51% 0.65% 0.18% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 28 Government pension fund global ANNUAL REPORT 2010 1.80% 1 173 381 Ownership 147 017 749 Singapore Allgreen Properties Ltd Financials Ascendas India Trust Financials Ascendas Real Estate Investment Trust Financials Ascott Residence Trust Financials Banyan Tree Holdings Ltd Consumer Services Biosensors International Group Ltd Health Care Cambridge Industrial Trust Financials CapitaCommercial Trust Financials CapitaLand Ltd Financials CapitaMall Trust Financials CapitaRetail China Trust Financials CDL Hospitality Trusts Financials CH Offshore LtdOil & Gas China Energy LtdOil & Gas China Fishery Group Ltd Consumer Goods China Hongxing Sports Ltd Consumer Goods China Minzhong Food Corp Ltd Consumer Goods China Ouhua Winery Holdings Ltd Consumer Goods China Sky Chemical Fibre Co Ltd Consumer Goods China XLX Fertiliser LtdBasic Materials City Developments Ltd Consumer Services Cityspring Infrastructure Trust Financials ComfortDelGro Corp Ltd Consumer Services Cosco Corp Singapore LtdIndustrials CSE Global LtdTechnology DBS Group Holdings Ltd Financials Ezra Holdings LtdOil & Gas First Resources Ltd Consumer Goods First Ship Lease TrustIndustrials Fortune Real Estate Investment Trust Financials Fraser and Neave LtdIndustrials Frasers Centrepoint Trust Financials Frasers Commercial Trust Financials Genting Singapore PLC Consumer Services Global Logistic Properties Ltd Financials Golden Agri-Resources Ltd Consumer Goods Goodpack LtdIndustrials Guocoland Ltd Financials Haw Par Corp Ltd Health Care Hi-P International LtdIndustrials Ho Bee Investment Ltd Financials Hong Leong Asia LtdIndustrials Hotel Properties Ltd Consumer Services Hyflux LtdUtilities Indofood Agri Resources Ltd Consumer Goods Jardine Cycle & Carriage Ltd Consumer Services Jaya Holdings LtdIndustrials K1 Ventures Ltd Financials Keppel Corp LtdOil & Gas Keppel Land Ltd Financials Keppel Telecommunications & Transportation LtdIndustrials Kim Eng Holdings Ltd Financials K-REIT Asia Financials KS Energy Services LtdOil & Gas Lippo-Mapletree Indonesia Retail Trust Financials M1 Ltd/SingaporeTelecommunications Mapletree Logistics Trust Financials Midas Holdings LtdBasic Materials Neptune Orient Lines Ltd/SingaporeIndustrials Noble Group LtdIndustrials Oceanus Group Ltd Consumer Goods Olam International Ltd Consumer Goods Oversea-Chinese Banking Corp Ltd Financials Parkway Life Real Estate Investment Trust Financials People’s Food Holdings Ltd Consumer Goods Raffles Education Corp Ltd Consumer Services SATS LtdIndustrials SembCorp Industries LtdOil & Gas SembCorp Marine LtdOil & Gas SIA Engineering Co LtdIndustrials Singapore Airlines Ltd Consumer Services Singapore Exchange Ltd Financials Singapore Land Ltd Financials Singapore Post LtdIndustrials Singapore Press Holdings Ltd Consumer Services Singapore Telecommunications LtdTelecommunications SMRT Corp Ltd Consumer Services Sound Global LtdIndustrials StarHub LtdTelecommunications STATS ChipPAC LtdTechnology Straits Asia Resources LtdBasic Materials Suntec Real Estate Investment Trust Financials Swiber Holdings LtdOil & Gas Synear Food Holdings Ltd Consumer Goods Tat Hong Holdings LtdIndustrials United Overseas Bank Ltd Financials UOL Group Ltd Financials Venture Corp LtdIndustrials Wheelock Properties Singapore Ltd Financials Voting 0.93% 1.02% 0.65% 1.17% Market value (NOK) 0.93% 1.02% 0.65% 1.17% Sector Ownership 7 461 436 21 344 740 25 143 990 26 952 456 Voting Sonae Capital SGPS SA Financials Sonae Industria SGPS SAIndustrials Sonaecom - SGPS SATelecommunications Teixeira Duarte SAIndustrials Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA Consumer Services Puerto Rico First BanCorp/Puerto Rico Financials Russia Aeroflot - Russian Airlines OJSC Consumer Services AK Transneft OAOOil & Gas Akron JSCBasic Materials Ashinsky Metallurgical PlantBasic Materials Baltika Brewery Consumer Goods Bank St Petersburg OJSC Financials BashinformsvyazTelecommunications Bashkirenergo OJSCUtilities Bashneft OAOOil & Gas Bidvest Australia LtdBasic Materials Cherkizovo Group OJSC Consumer Goods Dalsvyaz OJSCTelecommunications DIXY Group OJSC Consumer Services Federal Grid Co Unified Energy System JSCUtilities Federal Hydrogenerating Co JSCUtilities GAZ Auto Plant Consumer Goods Gazprom Neft JSCOil & Gas Gazprom OAOOil & Gas IDGC Holding JSCUtilities Inter Rao Ues OAOUtilities Inter-Regional Distribution Network Co North-West OJSCUtilities Inter-Regional Distribution Network Co Volga OAOUtilities Irkutskenergo OJSCUtilities Kazan Helicopter PlantIndustrials Korshunovsky GOK OJSCBasic Materials LenenergoUtilities LSR GroupIndustrials Lukoil OAOOil & Gas M Video OJSC Consumer Services Magnit OJSC Consumer Services Magnitogorsk Iron & Steel WorksBasic Materials MechelBasic Materials Mobile Telesystems OJSCTelecommunications Mosenergo OAOUtilities MostotrestIndustrials NizhnekamskneftekhimBasic Materials North-West TelecomTelecommunications NovaTek OAOOil & Gas Novoil OAOOil & Gas Novolipetsk Steel OJSCBasic Materials OGK-1 OAOUtilities OGK-2 OAOUtilities OGK-4 OJSCUtilities OGK-6 OAOUtilities OrsknefteorgsintezOil & Gas Pharmstandard Health Care PIK Group Financials Polymetal JSCBasic Materials Polyus Gold OJSCBasic Materials Protek Health Care RaspadskayaBasic Materials Rosneft Oil CoOil & Gas Rostelecom OJSCTelecommunications Saratovskiy Neftepererabatyvayuschiy Zavod OAOOil & Gas Sberbank of Russia Financials Severstal OAOBasic Materials Sibirtelecom OJSCTelecommunications Sistema JSFCTelecommunications Sollers OJSC Consumer Goods Surgutneftegas OJSCOil & Gas TatneftOil & Gas TGK-1 OAOUtilities TGK-5Utilities TGK-6 JSCUtilities TGK-9 OAOUtilities TMK OAOBasic Materials TNK-BP HoldingOil & Gas Ufa Oil RefineryOil & Gas Ufaneftekhim OAOOil & Gas Ufaorgsintez OAOBasic Materials Ulan-Ude Aviation PlantIndustrials UralkaliBasic Materials UralsvyazinformTelecommunications VolgaTelecomTelecommunications Vsmpo-Avisma CorpBasic Materials VTB Bank OJSC Financials WGC-3 OJSCUtilities Wimm-Bill-Dann Foods OJSC Consumer Goods Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.40% 1.10% 0.56% 0.43% 0.17% 0.22% 0.00% 0.13% 0.09% 0.37% 0.35% 0.14% 0.29% 1.06% 0.28% 0.18% 0.92% 0.41% 0.11% 2.66% 0.41% 0.35% 0.30% 1.55% 0.32% 0.28% 1.10% 0.17% 0.29% 0.33% 0.55% 0.22% 0.40% 0.25% 0.24% 0.29% 0.28% 2.74% 0.09% 0.06% 0.15% 0.34% 0.51% 0.26% 0.98% 0.30% 0.27% 2.49% 0.14% 0.87% 0.14% 0.25% 0.30% 0.59% 0.14% 0.18% 0.26% 0.54% 0.30% 0.13% 0.58% 0.29% 2.96% 0.25% 0.30% 0.56% 0.13% 0.59% 0.02% 2.87% 0.83% 1.11% 0.17% 0.10% 1.86% 0.12% 0.10% 0.25% 0.34% 1.14% 0.19% 0.00% 0.40% 1.10% 0.56% 0.43% 0.17% 0.22% 1.05% 0.13% 0.09% 0.76% 0.35% 0.14% 0.29% 1.06% 0.28% 0.18% 0.92% 0.41% 0.11% 2.66% 0.41% 0.35% 0.30% 1.55% 0.32% 0.28% 1.10% 0.17% 0.29% 0.33% 0.55% 0.22% 0.40% 0.25% 0.24% 0.29% 0.28% 2.74% 0.09% 0.06% 0.15% 0.34% 0.51% 0.09% 0.98% 0.30% 0.27% 2.49% 0.14% 0.86% 0.14% 0.25% 0.30% 0.59% 0.14% 0.18% 0.26% 0.54% 0.08% 0.22% 0.58% 0.29% 2.96% 0.25% 0.30% 0.55% 0.13% 0.59% 0.02% 2.87% 0.83% 1.11% 0.17% 0.10% 1.86% 0.12% 0.10% 0.25% 0.55% 1.14% 0.19% 0.16% 18 107 196 215 418 569 15 251 224 0.31% 0.42% 0.11% 0.31% 0.42% 0.11% 45 114 560 1 126 614 822 34 745 761 130 092 637 1 731 038 7 872 122 76 927 693 806 762 816 164 078 806 30 372 412 5 467 563 159 545 218 31 049 357 6 235 119 215 859 83 653 688 6 149 947 99 957 933 131 636 795 58 950 901 0.28% 0.58% 2.32% 0.27% 0.17% 2.93% 0.52% 0.54% 0.50% 0.30% 0.03% 0.49% 0.31% 0.00% 2.26% 0.29% 0.01% 1.24% 0.66% 2.90% 0.28% 0.58% 2.32% 0.27% 0.17% 2.93% 0.52% 0.54% 0.50% 0.29% 0.03% 0.49% 0.31% 0.00% 2.26% 0.29% 0.01% 1.24% 0.66% 2.90% 14 479 894 248 818 238 241 343 66 018 101 4 686 630 53 167 180 393 178 3 440 568 21 534 340 272 885 378 109 325 668 452 611 95 063 296 2 457 469 129 437 857 20 234 948 39 833 236 157 809 550 1 839 331 518 931 241 417 2 766 249 29 915 451 15 423 827 253 859 7 736 871 7 661 563 124 242 6 622 140 1.17% 0.01% 0.70% 0.75% 0.24% 1.88% 0.02% 0.03% 0.11% 0.96% 1.34% 0.03% 3.21% 0.02% 1.11% 2.31% 2.11% 2.16% 0.12% 0.03% 0.02% 0.03% 1.15% 0.07% 0.02% 0.04% 0.04% 0.02% 0.03% 1.17% 0.01% 0.70% 0.75% 0.24% 1.88% 0.02% 0.02% 0.11% 0.96% 1.34% 0.03% 3.21% 0.02% 1.11% 2.31% 2.11% 2.16% 0.12% 0.03% 0.02% 0.03% 1.15% 0.07% 0.02% 0.04% 0.04% 0.02% 0.03% 8 040 014 874 862 1 537 916 32 376 162 157 725 678 199 151 51 061 356 168 632 463 008 4 283 887 328 003 509 540 8 743 887 3 692 041 55 818 583 3 397 423 0.02% 0.03% 0.03% 2.79% 2.99% 0.02% 0.73% 0.02% 0.02% 0.03% 0.02% 0.02% 0.08% 0.06% 0.28% 0.09% 0.02% 0.03% 0.05% 2.79% 2.99% 0.02% 0.73% 0.02% 0.02% 0.03% 0.02% 0.02% 0.08% 0.06% 0.28% 0.09% 734 789 388 23 253 040 62 629 255 2 652 962 420 532 161 663 132 207 409 464 076 66 003 216 766 067 14 477 108 363 490 329 491 535 4 369 066 9 643 107 71 977 332 4 428 959 2 965 023 1.58% 0.10% 2.46% 0.14% 0.02% 0.02% 0.01% 1.43% 1.01% 0.01% 0.05% 1.17% 0.01% 0.04% 0.02% 2.78% 0.19% 0.13% 1.58% 0.10% 2.46% 0.14% 0.02% 0.02% 0.01% 1.43% 1.01% 0.01% 0.05% 1.17% 0.01% 0.04% 0.02% 2.78% 0.19% 0.13% 3 771 920 0.04% 0.04% 590 385 11 467 794 0.03% 0.07% 0.03% 0.07% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 29 Government pension fund global ANNUAL REPORT 2010 356 460 490 100 776 378 48 042 559 117 109 184 10 382 333 87 003 139 84 941 051 7 997 374 138 614 528 831 148 799 108 429 677 47 457 516 13 936 038 159 693 534 25 480 196 24 718 555 7 742 056 186 268 271 5 416 593 19 186 539 21 234 939 10 784 474 32 503 920 39 775 931 17 485 609 56 501 650 25 763 476 12 564 464 125 859 897 317 157 878 105 141 084 13 523 093 301 843 885 18 976 609 9 303 221 72 528 301 89 067 827 68 122 063 2 101 117 899 424 17 181 663 443 806 363 133 936 715 34 976 492 37 026 887 25 822 880 15 867 412 8 772 365 170 847 449 60 586 020 25 588 333 33 517 462 79 770 203 98 195 348 5 065 435 8 401 402 56 231 774 14 258 097 20 486 558 34 815 119 1 291 136 996 33 880 661 14 260 313 23 339 233 40 397 492 768 309 813 77 513 779 114 042 468 2 737 596 18 274 568 33 387 550 50 647 115 10 843 522 4 662 287 42 946 172 24 618 478 9 284 566 45 730 737 284 060 080 133 430 385 77 338 336 15 412 050 Sappi LtdBasic Materials Sasol LtdOil & Gas Sentula Mining LtdBasic Materials Shoprite Holdings Ltd Consumer Services Simmer & Jack Mines LtdBasic Materials Sovereign Food Investments Consumer Goods Spar Group Ltd/The Consumer Services Standard Bank Group Ltd/South Africa Financials Steinhoff International Holdings Ltd Consumer Goods Sun International Ltd/South Africa Consumer Services Telkom SA LtdTelecommunications Tiger Brands Ltd Consumer Goods Tongaat Hulett Ltd Consumer Goods Trans Hex Group LtdBasic Materials Trencor LtdIndustrials Truworths International Ltd Consumer Services Vodafone Group PLCTelecommunications Wilson Bayly Holmes-Ovcon LtdIndustrials Woolworths Holdings Ltd/South Africa Consumer Services Zurich Insurance Co South Africa Ltd Financials South Korea Able C&C Co Ltd Consumer Goods Ace Digitech Co LtdBasic Materials Amorepacific Corp Consumer Goods Asiana Airlines Consumer Services Basic House Co Ltd/The Consumer Goods Binggrae Co Ltd Consumer Goods Bukwang Pharmaceutical Co Ltd Health Care Busan Bank Financials Celltrion Inc Health Care Cheil Industries IncBasic Materials Cheil Worldwide Inc Consumer Services Chong Kun Dang Pharm Corp Health Care CJ CGV Co Ltd Consumer Services CJ CheilJedang Corp Consumer Goods CJ Corp Consumer Goods CJ E&M Corp Financials CJ Internet Corp Consumer Goods CJ O Shopping Co Ltd Consumer Services Dae Han Flour Mills Co Ltd Consumer Goods Daeduck Electronics CoIndustrials Daeduck GDS Co LtdIndustrials Daegu Bank Ltd Financials Daekyo Co Ltd Consumer Services Daelim Industrial Co LtdIndustrials Daesang Corp Consumer Goods Daewoo Engineering & Construction Co LtdIndustrials Daewoo International CorpIndustrials Daewoo Motor Sales Consumer Services Daewoo Securities Co Ltd Financials Daewoo Shipbuilding & Marine Engineering Co LtdIndustrials Daewoong Pharmaceutical Co Ltd Health Care Daishin Securities Co Ltd Financials Danal Co LtdTechnology Daum Communications CorpTechnology DMS Co LtdIndustrials Dong-A Pharmaceutical Co Ltd Health Care Dongbu CorpIndustrials Dongbu HiTek Co LtdBasic Materials Dongbu Insurance Co Ltd Financials Dongbu Securities Co Ltd Financials Dongbu Steel Co LtdBasic Materials Dongkuk Steel Mill Co LtdBasic Materials Dongsuh Co Inc Consumer Goods Doosan CorpIndustrials Doosan Engineering & Construction Co LtdIndustrials Doosan Heavy Industries and Construction Co LtdOil & Gas Doosan Infracore Co LtdIndustrials DuzonBIzon Co LtdTechnology E1 CorpUtilities Eugene Investment & Securities Co Ltd Financials Forhuman Co LtdTechnology GIIR Inc Consumer Services Glovis Co LtdIndustrials Grand Korea Leisure Co Ltd Consumer Services Green Cross Corp/South Korea Health Care GS Engineering & Construction CorpIndustrials GS HoldingsOil & Gas GS Home Shopping Inc Consumer Services Halla Climate Control Corp Consumer Goods Hana Financial Group Inc Financials Hana Tour Service Inc Consumer Services Handsome Co Ltd Consumer Goods Hanil Cement Co LtdIndustrials Hanjin Heavy Industries & Construction Co LtdIndustrials Hanjin Heavy Industries & Construction Holdings Co LtdIndustrials Hanjin Shipping Co LtdIndustrials Ownership 0.38% 0.46% 0.31% 0.21% Voting 0.38% 0.46% 0.31% 0.21% Market value (NOK) Ownership 616 681 005 28 000 582 103 414 141 31 794 090 Sector Voting Wilmar International Ltd Consumer Goods Wing Tai Holdings Ltd Financials Yangzijiang Shipbuilding Holdings LtdIndustrials Yanlord Land Group Ltd Financials South Africa ABSA Group Ltd Financials Adcock Ingram Holdings Ltd Health Care Aeci LtdBasic Materials African Bank Investments Ltd Financials African Oxygen LtdBasic Materials African Rainbow Minerals LtdBasic Materials Allied Electronics Corp LtdIndustrials Allied Technologies LtdTelecommunications Anglo Platinum LtdBasic Materials AngloGold Ashanti LtdBasic Materials ArcelorMittal South Africa LtdBasic Materials Aspen Pharmacare Holdings Ltd Health Care Astral Foods Ltd Consumer Goods Aveng LtdIndustrials AVI Ltd Consumer Goods Barloworld LtdIndustrials Bell Equipment LtdIndustrials Bidvest Group LtdIndustrials Blue Label Telecoms LtdTelecommunications Cadiz Holdings Ltd Financials Capital Property Fund Financials City Lodge Hotels Ltd Consumer Services Clicks Group Ltd Consumer Services Clientele Ltd Financials DataTec LtdTechnology Discovery Holdings Ltd Financials Eqstra Holdings LtdIndustrials Evraz Highveld Steel and Vanadium LtdBasic Materials Exxaro Resources LtdBasic Materials FirstRand Ltd Financials Foschini Group Ltd/The Consumer Services Fountainhead Property Trust Financials Gold Fields LtdBasic Materials Grindrod LtdIndustrials Group Five Ltd/South AfricaIndustrials Growthpoint Properties Ltd Financials Harmony Gold Mining Co LtdBasic Materials Hudaco Industries LtdIndustrials Hulamin LtdBasic Materials Iliad Africa LtdIndustrials Illovo Sugar Ltd Consumer Goods Impala Platinum Holdings LtdBasic Materials Imperial Holdings LtdIndustrials Investec Ltd Financials Italtile Ltd Consumer Services JD Group Ltd/South Africa Consumer Services JSE Ltd Financials Kelly Group SA Pty LtdIndustrials Kumba Iron Ore LtdBasic Materials Lewis Group Ltd Consumer Services Liberty Holdings Ltd Financials Life Healthcare Group Holdings Ltd Health Care Massmart Holdings Ltd Consumer Services Medi-Clinic Corp Ltd Health Care Merafe Resources LtdBasic Materials Metorex LtdBasic Materials MMI Holdings Ltd Financials Mobile Industries LtdIndustrials Mondi LtdBasic Materials Mr Price Group Ltd Consumer Services MTN Group LtdTelecommunications Murray & Roberts Holdings LtdIndustrials Mustek LtdTechnology Mvelaphanda Resources LtdBasic Materials Nampak LtdIndustrials Naspers Ltd Consumer Services Nedbank Group Ltd Financials Netcare Ltd Health Care Northam Platinum LtdBasic Materials Nu-World Holdings Ltd Consumer Goods Oceana Group Ltd Consumer Goods Omnia Holdings LtdBasic Materials Optimum Coal HoldingsBasic Materials Palabora Mining Co LtdBasic Materials Peregrine Holdings Ltd Financials Pick n Pay Stores Ltd Consumer Services Pick’n Pay Holdings Ltd Consumer Services Pretoria Portland Cement Co LtdIndustrials Remgro LtdIndustrials Reunert LtdIndustrials RMB Holdings Ltd Financials Royal Bafokeng Platinum LtdBasic Materials SA Corporate Real Estate Fund Nominees Pty Ltd Financials Sanlam Ltd Financials Santam Ltd Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Lock & Lock Co Ltd Consumer Goods Lotte Chilsung Beverage Co Ltd Consumer Goods Lotte Confectionery Co Ltd Consumer Goods Lotte Midopa Co Ltd Consumer Services Lotte Shopping Co Ltd Consumer Services LS CorpIndustrials LS Industrial Systems Co LtdIndustrials Macquarie Korea Infrastructure FundIndustrials Maeil Dairy Industry Co Ltd Consumer Goods MegaStudy Co Ltd Consumer Services Meritz Fire & Marine Insurance Co Ltd Financials Meritz Securities Co Ltd Financials Mirae Asset Securities Co Ltd Financials Namhae Chemical CorpBasic Materials NCSoft Corp Consumer Goods Neowiz Games Corp Consumer Goods NH Investment & Securities Co Ltd Financials NHN CorpTechnology Nong Shim Co Ltd Consumer Goods OCI Co LtdBasic Materials OCI Materials Co LtdBasic Materials ON*Media Corp Consumer Services Orion Corp/Republic of South Korea Consumer Goods Osstem Implant Co Ltd Health Care Ottogi Corp Consumer Goods Pacific Corp/South Korea Consumer Goods Paradise Co Ltd Consumer Services POSCOBasic Materials Posco ICT Co LtdTechnology Pyeong San Co LtdIndustrials S&T Daewoo Co Ltd Consumer Goods S&T Dynamics Co Ltd Consumer Goods S1 Corp/KoreaIndustrials Sam Young Electronics Co LtdIndustrials Samchully Co LtdUtilities Samsung C&T CorpIndustrials Samsung Card Co Financials Samsung Electro-Mechanics Co LtdIndustrials Samsung Electronics Co LtdTechnology Samsung Engineering Co LtdIndustrials Samsung Fine Chemicals Co LtdBasic Materials Samsung Fire & Marine Insurance Co Ltd Financials Samsung Heavy Industries Co LtdIndustrials Samsung Life Insurance Co Ltd Financials Samsung SDI Co LtdIndustrials Samsung Securities Co Ltd Financials Samsung Techwin Co LtdIndustrials Samyang Corp Consumer Goods SBS Media Holdings Co Ltd Financials Seah Besteel CorpBasic Materials Seoul Semiconductor Co LtdTechnology Sewon Cellontech Co LtdIndustrials SFA Engineering CorpIndustrials Shinhan Financial Group Co Ltd Financials Shinsegae Co Ltd Consumer Services Shinsung Holdings Co LtdTechnology Sindoh Co LtdTechnology SK Broadband Co LtdTelecommunications SK C&C Co LtdTechnology SK Chemicals Co LtdBasic Materials SK Communications Co LtdTechnology SK Gas Co LtdUtilities SK Holdings Co Ltd Financials SK Innovation Co LtdOil & Gas SK Networks Co LtdIndustrials SK Securities Co Ltd Financials SK Telecom Co LtdTelecommunications SKC Co LtdBasic Materials S-Oil CorpOil & Gas Ssangyong Cement Industrial Co LtdIndustrials Ssangyong Motor Co Consumer Goods SSCP Co LtdBasic Materials STX Corp Co LtdIndustrials STX Engine Co LtdIndustrials STX Offshore & Shipbuilding Co LtdIndustrials STX Pan Ocean Co LtdIndustrials Sung Kwang Bend Co LtdIndustrials Sungwoo Hitech Co Ltd Consumer Goods Taekwang Industrial Co LtdBasic Materials Taewoong Co LtdIndustrials Taeyoung Engineering & ConstructionIndustrials Taihan Electric Wire Co LtdIndustrials Technosemichem Co LtdBasic Materials TK CorpIndustrials Tong Yang Major CorpIndustrials Tong Yang Securities Inc Financials Union SteelBasic Materials Unison Co Ltd/South KoreaIndustrials Woongjin Chemical Co Ltd Consumer Goods Woongjin Coway Co Ltd Consumer Goods Woongjin Holdings Co LtdIndustrials Market value (NOK) 79 618 929 62 953 887 70 682 104 58 414 279 284 343 312 19 665 568 186 394 559 5 782 725 209 780 6 073 801 1 084 979 258 545 1 348 420 613 764 411 213 414 148 250 211 2 980 070 417 854 783 1 248 708 1 019 880 911 116 501 383 328 421 129 232 619 18 957 811 241 707 8 135 785 23 405 741 1 085 346 970 602 898 57 669 472 735 30 227 327 76 468 264 315 833 2 575 495 335 547 672 8 430 817 30 311 484 3 975 134 527 307 007 271 11 318 081 432 194 104 380 383 738 287 357 287 77 744 953 9 496 518 623 868 827 5 935 474 10 401 243 1 831 427 527 630 683 162 447 1 191 644 694 751 284 37 559 636 258 515 352 476 6 095 151 361 714 575 1 795 096 250 526 2 875 285 16 513 963 660 746 492 1 300 563 773 094 8 999 531 133 477 466 10 170 743 31 164 988 311 465 148 571 6 273 654 3 339 788 6 476 129 12 238 867 1 993 538 66 186 437 5 474 978 398 174 476 026 3 631 808 49 665 616 599 081 177 742 8 089 908 160 144 95 750 1 938 011 210 715 019 191 891 0.86% 1.03% 0.64% 1.18% 0.40% 0.11% 1.34% 0.07% 0.02% 0.11% 0.02% 0.02% 0.01% 0.01% 1.77% 2.99% 0.10% 0.75% 0.02% 2.61% 2.10% 0.01% 1.10% 1.73% 0.01% 0.09% 1.26% 0.50% 0.01% 0.01% 0.03% 0.80% 0.70% 0.03% 0.11% 0.53% 0.02% 0.06% 0.56% 0.78% 0.10% 0.79% 0.78% 0.27% 0.20% 0.03% 2.21% 0.17% 0.54% 0.03% 4.35% 0.02% 0.03% 0.54% 0.06% 0.02% 0.01% 0.07% 1.62% 0.03% 0.01% 0.16% 0.05% 0.72% 0.01% 0.02% 0.01% 1.89% 0.02% 1.21% 0.02% 0.02% 0.09% 0.07% 0.07% 0.10% 0.06% 2.37% 0.08% 0.01% 0.02% 0.08% 2.16% 0.02% 0.02% 0.13% 0.01% 0.01% 0.07% 1.32% 0.01% 0.86% 1.03% 0.64% 1.18% 0.40% 0.11% 1.34% 0.07% 0.02% 0.11% 0.02% 0.02% 0.01% 0.01% 1.77% 2.99% 0.10% 0.75% 0.02% 2.61% 2.10% 0.01% 1.10% 1.73% 0.01% 0.09% 1.26% 0.50% 0.01% 0.01% 0.03% 0.80% 0.70% 0.03% 0.11% 0.53% 0.02% 0.06% 0.56% 0.78% 0.10% 0.79% 0.78% 0.27% 0.20% 0.03% 2.21% 0.17% 0.54% 0.03% 4.35% 0.02% 0.03% 0.54% 0.06% 0.02% 0.01% 0.07% 1.62% 0.03% 0.01% 0.16% 0.05% 0.72% 0.01% 0.02% 0.01% 1.89% 0.02% 1.21% 0.02% 0.02% 0.09% 0.07% 0.07% 0.10% 0.06% 2.37% 0.08% 0.01% 0.02% 0.08% 2.16% 0.02% 0.02% 0.13% 0.01% 0.01% 0.07% 1.32% 0.01% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 30 Government pension fund global ANNUAL REPORT 2010 0.01% 0.03% 0.07% 0.26% 0.02% 0.03% 0.01% 1.72% 0.07% 0.02% 2.38% 0.01% 0.44% 2.73% 2.37% 2.43% 1.00% 1.99% 0.08% 0.10% 0.02% 0.10% 0.14% 0.56% 2.26% 0.67% 0.05% 0.03% 0.06% 0.49% 1.34% 0.07% 0.46% 0.02% 0.02% 0.68% 0.03% 0.02% 0.02% 0.20% 0.02% 0.25% 0.57% 0.04% 0.02% 0.52% 0.56% 0.75% 0.02% 0.10% 0.06% 0.01% 0.02% 2.62% 0.02% 0.01% 0.03% 1.26% 0.01% 0.06% 0.03% 0.07% 1.05% 0.06% 0.20% 0.02% 2.62% 0.51% 0.49% 0.03% 0.01% 0.58% 0.03% 0.03% 0.01% 0.00% 0.03% 0.02% 0.01% 3.00% 0.03% 0.30% 0.02% 0.13% 0.02% 1.43% 2.52% 0.87% 0.03% 0.04% 0.11% Sector Ownership Voting 0.01% 0.03% 0.07% 0.26% 0.02% 0.03% 0.01% 1.72% 0.07% 0.02% 2.38% 0.01% 0.44% 2.73% 2.37% 2.43% 1.00% 1.99% 0.08% 0.10% 0.02% 0.10% 0.14% 0.56% 2.26% 0.68% 0.05% 0.03% 0.06% 0.49% 0.44% 0.07% 0.46% 0.02% 0.02% 0.68% 0.03% 0.02% 0.02% 0.20% 0.02% 0.25% 0.58% 0.04% 0.02% 0.52% 0.56% 0.75% 0.02% 0.10% 0.06% 0.01% 0.02% 2.62% 0.02% 0.01% 0.03% 1.26% 0.01% 0.06% 0.03% 0.07% 1.05% 0.06% 0.20% 0.02% 2.62% 0.51% 0.49% 0.03% 0.01% 0.58% 0.03% 0.03% 0.01% 0.00% 0.03% 0.02% 0.01% 0.64% 0.03% 0.30% 0.02% 0.13% 0.02% 1.43% 2.52% 0.87% 0.03% 0.04% 0.11% Ownership 535 851 548 290 17 530 976 4 727 405 815 699 646 632 210 691 383 707 659 1 820 630 692 531 140 596 536 228 656 194 169 002 152 170 266 97 416 609 49 932 662 725 669 922 379 108 241 12 341 172 12 796 047 1 201 252 41 731 428 7 070 857 967 239 853 142 670 109 69 735 787 5 747 378 8 872 950 14 599 749 696 640 621 976 129 314 8 951 315 251 649 935 262 720 415 661 354 284 546 174 318 346 991 188 240 4 041 463 617 816 77 319 946 682 885 323 8 834 190 153 365 91 781 118 67 425 908 770 250 051 285 557 1 054 306 3 719 257 160 383 100 725 230 440 380 419 051 95 628 33 403 013 13 417 768 3 831 266 6 820 513 5 490 016 9 292 886 12 148 379 6 738 458 71 511 067 398 472 71 487 754 136 537 607 125 439 985 1 864 139 818 086 358 194 489 429 400 370 505 1 016 825 104 707 289 491 156 733 216 023 997 631 844 26 809 809 216 016 606 16 536 275 5 973 379 795 463 446 511 067 347 605 063 66 597 507 1 228 542 7 493 720 7 528 820 Voting Hanjin Shipping Holdings Co LtdIndustrials Hanjin Transportation Co LtdIndustrials Hankook Tire Co Ltd Consumer Goods Hanmi Holdings Co Ltd Health Care Hanmi Pharm Co Ltd Health Care Hansol Paper CoBasic Materials Hanssem Co Ltd Consumer Goods Hanwha Chem CorpBasic Materials Hanwha General Insurance Co Ltd Financials Hanwha Securities Co Financials Hite Brewery Co Ltd Consumer Goods Hite Holdings Co Ltd Consumer Goods Honam Petrochemical CorpBasic Materials Hotel Shilla Co Ltd Consumer Services Huchems Fine Chemical CorpBasic Materials Hwa Shin Co Ltd Consumer Goods Hynix Semiconductor IncTechnology Hyosung CorpIndustrials Hyundai Department Store Co Ltd Consumer Services Hyundai Development CoIndustrials Hyundai Elevator Co LtdIndustrials Hyundai Engineering & Construction Co LtdIndustrials Hyundai Greenfood Co Ltd Consumer Services Hyundai Heavy Industries Co LtdIndustrials Hyundai Home Shopping Network Corp Consumer Services Hyundai HyscoBasic Materials Hyundai Marine & Fire Insurance Co Ltd Financials Hyundai Merchant Marine Co LtdIndustrials Hyundai Mipo DockyardIndustrials Hyundai Mobis Consumer Goods Hyundai Motor Co Consumer Goods Hyundai Securities Co Financials Hyundai Steel CoBasic Materials Hyunjin Materials Co LtdIndustrials Ilyang Pharmaceutical Co Ltd Health Care Industrial Bank of Korea Financials Insun ENT Co LtdIndustrials Interpark Corp Consumer Services INTOPS Co LtdTechnology Jeonbuk Bank Financials Jusung Engineering Co LtdTechnology Kangwon Land Inc Consumer Services KB Financial Group Inc Financials KCC CorpIndustrials Keangnam Enterprises LtdIndustrials KEPCO Engineering & Construction Co IncIndustrials KEPCO Plant Service & Engineering Co LtdIndustrials Kia Motors Corp Consumer Goods KISCO CorpBasic Materials KISCO Holdings Co LtdBasic Materials KIWOOM Securities Co Ltd Financials Kolon CorpBasic Materials Kolon Engineering & Construction Co LtdIndustrials Kolon Industries IncBasic Materials Komipharm International Co Ltd Health Care Korea Digital Communications CorpTechnology Korea Electric Power CorpUtilities Korea Electric Terminal Co LtdIndustrials Korea Exchange Bank Financials Korea Express Co LtdIndustrials Korea Gas CorpUtilities Korea Investment Holdings Co Ltd Financials Korea Kolmar Co Ltd Consumer Goods Korea Kumho PetrochemicalBasic Materials Korea Life Insurance Co Ltd Financials Korea Line CorpIndustrials Korea Petrochemical Ind Co LtdIndustrials Korea Zinc Co LtdBasic Materials Korean Air Lines Co Ltd Consumer Services Korean Reinsurance Co Financials KP Chemical CorpBasic Materials KT CorpTelecommunications KTB Securities Co Ltd/South Korea Financials Kumho Electric Co Ltd Consumer Goods Kumho Industrial Co LtdIndustrials Kumho Tire Co Inc Consumer Goods Kwang Dong Pharmaceutical Co Ltd Health Care Kyeryong Construction Industrial Co LtdIndustrials Kyobo Securities Co Financials LG Chem LtdBasic Materials LG CorpIndustrials LG Display Co LtdTechnology LG Electronics Inc Consumer Goods LG Fashion Corp Consumer Goods LG Hausys LtdIndustrials LG Household & Health Care Ltd Consumer Goods LG Innotek Co LtdIndustrials LG International CorpIndustrials LG Life Sciences Ltd Health Care LG Uplus CorpTelecommunications LIG Insurance Co Ltd Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.89% 0.55% 1.08% 2.16% 0.89% 0.55% 1.08% 2.16% 786 153 343 148 995 605 82 984 345 9 744 457 4 033 060 960 492 376 817 108 940 995 68 878 741 72 869 751 517 189 529 8 793 501 732 206 848 141 209 744 806 1 428 557 26 133 301 13 372 856 21 052 622 2 960 253 191 356 895 348 097 155 564 104 550 0.91% 1.69% 0.73% 2.41% 1.52% 1.69% 0.88% 0.21% 0.93% 1.26% 1.71% 1.35% 1.80% 0.05% 0.44% 0.37% 0.06% 0.08% 1.84% 1.96% 0.54% 0.91% 1.69% 0.73% 2.41% 1.52% 1.69% 0.88% 0.21% 0.93% 1.26% 1.71% 1.35% 1.80% 0.05% 0.44% 0.37% 0.06% 0.08% 1.84% 1.96% 0.54% 8 331 087 48 136 718 201 577 709 8 287 776 333 494 901 99 924 629 71 942 254 1 364 606 296 817 798 33 549 121 133 998 769 338 577 727 351 711 563 69 112 626 254 363 522 124 151 667 71 607 361 11 983 787 4 762 467 1 283 621 607 3 204 160 100 307 839 142 29 727 942 1 778 388 435 318 277 204 29 957 460 25 741 791 261 983 714 81 684 371 8 606 305 4 337 577 121 042 964 289 942 916 46 879 549 93 599 663 51 710 496 176 088 582 6 687 533 6 322 055 252 774 214 2 932 422 929 83 326 413 76 569 401 3 466 245 24 748 548 249 521 347 10 043 933 058 19 332 148 64 249 270 22 600 509 14 321 173 29 900 652 189 596 985 25 178 248 110 026 230 0.76% 0.73% 1.06% 0.12% 1.20% 0.06% 1.74% 3.21% 0.06% 1.65% 0.69% 3.09% 0.43% 0.26% 1.50% 1.03% 1.50% 1.06% 1.26% 1.47% 1.30% 1.30% 2.26% 0.65% 1.95% 1.68% 1.38% 0.54% 4.92% 1.12% 0.50% 1.85% 1.64% 1.83% 2.51% 0.98% 0.87% 0.76% 0.19% 0.68% 1.48% 0.57% 0.76% 0.31% 0.51% 1.20% 1.66% 0.37% 2.50% 0.91% 1.46% 0.75% 1.84% 0.74% 0.38% 0.76% 0.73% 1.06% 0.12% 1.20% 0.06% 1.74% 3.21% 0.06% 1.65% 0.69% 3.09% 0.43% 0.26% 1.50% 1.03% 1.50% 1.06% 1.26% 1.47% 1.30% 1.30% 2.26% 0.65% 1.94% 1.68% 1.38% 0.54% 4.92% 1.12% 0.50% 1.85% 1.64% 1.83% 2.51% 0.98% 0.87% 0.76% 0.19% 0.68% 1.48% 0.57% 0.76% 0.31% 0.51% 1.20% 1.66% 0.37% 2.50% 0.91% 1.46% 0.75% 1.84% 0.74% 0.38% 79 068 024 1.65% 1.65% 33 420 862 40 536 425 1 176 263 988 934 101 913 2 209 761 368 131 600 895 100 448 100 97 767 826 41 136 474 96 387 971 85 594 723 533 624 054 23 425 782 7 239 852 205 926 781 239 700 035 32 267 107 49 680 650 11 753 948 876 696 958 272 272 791 24 038 056 200 695 022 422 213 598 32 369 795 85 546 449 69 059 650 2 042 893 247 552 694 994 1 453 621 163 946 415 292 358 261 1 572 737 189 266 137 587 356 534 664 623 001 60 002 441 1 016 266 160 144 058 124 19 764 010 415 314 876 67 190 203 133 528 534 143 771 364 136 335 282 136 184 007 273 938 853 180 227 514 49 735 744 374 202 095 201 051 736 45 454 271 80 664 858 78 786 551 3 518 677 013 10 871 530 13 254 149 78 980 182 65 974 487 236 013 594 56 938 357 432 245 818 83 195 448 11 066 739 2 491 019 743 54 001 665 763 356 171 512 859 581 1 351 813 799 739 537 014 918 676 321 34 322 780 506 026 140 908 551 568 1 479 873 691 1 122 529 361 83 951 497 1 546 907 683 3 682 253 333 718 328 881 38 296 821 248 672 330 5 254 092 010 57 356 029 212 925 861 108 962 658 0.35% 0.69% 2.27% 1.06% 1.01% 2.33% 0.88% 1.33% 2.10% 1.08% 1.62% 1.65% 0.92% 0.24% 2.11% 1.76% 1.81% 0.44% 0.29% 1.36% 0.96% 1.01% 1.79% 0.95% 0.93% 0.52% 1.72% 0.31% 0.97% 0.04% 1.64% 0.53% 1.78% 0.27% 1.36% 1.68% 0.84% 0.24% 1.27% 0.67% 0.49% 1.37% 1.84% 2.39% 2.14% 0.01% 1.19% 1.35% 0.84% 0.77% 0.40% 0.24% 1.30% 0.86% 1.38% 0.31% 0.51% 1.35% 1.60% 0.79% 0.87% 0.37% 1.57% 1.53% 1.85% 0.84% 0.13% 1.45% 1.28% 0.35% 0.65% 0.55% 1.65% 0.61% 1.30% 1.45% 0.62% 2.03% 0.97% 0.35% 2.09% 0.77% 1.94% 0.34% 3.29% 1.63% 0.35% 0.99% 2.27% 1.56% 1.29% 2.33% 0.88% 1.33% 2.10% 2.41% 1.62% 1.65% 0.92% 0.24% 2.11% 1.76% 1.81% 0.80% 0.36% 1.72% 1.29% 1.01% 1.79% 1.46% 0.93% 0.52% 1.72% 0.64% 1.27% 0.04% 2.05% 1.80% 1.78% 1.32% 2.10% 1.67% 0.84% 1.06% 1.27% 0.67% 1.26% 1.37% 1.84% 2.39% 2.14% 0.51% 1.19% 1.35% 0.84% 1.47% 1.45% 0.54% 1.85% 0.86% 1.38% 0.31% 0.51% 1.35% 1.60% 1.61% 0.87% 1.24% 1.57% 1.53% 1.85% 0.84% 0.71% 2.07% 1.27% 1.52% 1.22% 0.78% 1.65% 1.40% 1.28% 1.45% 0.72% 2.89% 1.66% 0.35% 2.09% 1.49% 2.43% 0.64% 3.29% 1.63% 6 703 108 894 32 938 084 2.24% 1.85% 2.24% 1.85% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 31 Government pension fund global ANNUAL REPORT 2010 115 760 936 428 398 932 284 403 792 550 908 942 Zeltia SA Health Care Sweden Active Biotech AB Health Care AF ABIndustrials Alfa Laval ABIndustrials Assa Abloy ABIndustrials Atlas Copco ABIndustrials Avanza Bank Holding AB Financials Axfood AB Consumer Services Axis Communications ABTechnology BE Group ABBasic Materials Betsson AB Consumer Services Billerud ABBasic Materials Boliden ABBasic Materials Bure Equity AB Financials Byggmax Group AB Consumer Services Cardo ABIndustrials Castellum AB Financials CDON Group AB Consumer Services Clas Ohlson AB Consumer Services Diamyd Medical AB Health Care Electrolux AB Consumer Goods Elekta AB Health Care Eniro AB Consumer Services Fabege AB Financials Getinge AB Health Care Gunnebo ABIndustrials Hakon Invest AB Consumer Services Haldex AB Consumer Goods Hennes & Mauritz AB Consumer Services Hexagon ABIndustrials Hexpol ABBasic Materials Hoganas ABBasic Materials Holmen ABBasic Materials HQ AB Financials Hufvudstaden AB Financials Husqvarna AB Consumer Goods Industrivarden AB Financials Intrum Justitia AB Financials Investor AB Financials JM AB Financials KappAhl AB Consumer Services Kinnevik Investment AB Financials Klovern AB Financials Kungsleden AB Financials Lindab International ABIndustrials Loomis ABIndustrials Lundbergforetagen ABBasic Materials Lundin Petroleum ABOil & Gas Meda AB Health Care Mekonomen AB Consumer Goods Modern Times Group AB Consumer Services NCC ABIndustrials Nibe Industrier ABIndustrials Niscayah Group ABIndustrials Nobia AB Consumer Goods Nordea Bank AB Financials Nordnet AB Financials ORC Software ABTechnology Oresund Investment AB Financials PA Resources ABOil & Gas Peab ABIndustrials Q-Med AB Health Care Ratos AB Financials Rezidor Hotel Group AB Consumer Services RusForest AB Financials Sandvik ABIndustrials SAS AB Consumer Services Scania ABIndustrials Securitas ABIndustrials Skandinaviska Enskilda Banken AB Financials Skanska ABIndustrials SKF ABIndustrials SkiStar AB Consumer Services SSAB ABBasic Materials Svenska Cellulosa AB Consumer Goods Svenska Handelsbanken AB Financials Swedbank AB Financials Saab ABIndustrials Tele2 ABTelecommunications Telefonaktiebolaget LM EricssonTechnology TeliaSonera ABTelecommunications TradeDoubler AB Consumer Services Trelleborg ABIndustrials Volvo ABIndustrials Wallenstam AB Financials Wihlborgs Fastigheter AB Financials AarhusKarlshamn AB Consumer Goods Switzerland ABB LtdIndustrials Acino Holding AG Health Care Ownership 0.83% 0.01% 0.06% 0.14% 0.01% 0.02% 0.02% 0.03% Voting 0.83% 0.01% 0.06% 0.14% 0.01% 0.02% 0.02% 0.03% Market value (NOK) Ownership 23 547 893 8 072 636 9 584 512 1 524 840 992 039 428 838 372 439 2 615 480 Sector Voting Woongjin Thinkbig Co Ltd Consumer Services Woori Finance Holdings Co Ltd Financials Woori Investment & Securities Co Ltd Financials Youlchon Chemical Co LtdIndustrials Young Poong CorpBasic Materials Youngone Corp Consumer Goods Youngone Holdings Co Ltd Consumer Goods Yuhan Corp Health Care Spain Abengoa SAIndustrials Abertis Infraestructuras SAIndustrials Acciona SAIndustrials Acerinox SABasic Materials ACS Actividades de Construccion y Servicios SAIndustrials Almirall SA Health Care Antena 3 de Television SA Consumer Services Azkoyen SAIndustrials Banco Bilbao Vizcaya Argentaria SA Financials Banco de Sabadell SA Financials Banco de Valencia SA Financials Banco Espanol de Credito SA Financials Banco Pastor SA Financials Banco Popular Espanol SA Financials Banco Santander SA Financials Bankinter SA Financials Bolsas y Mercados Espanoles SA Financials Caja de Ahorros del Mediterraneo Financials Campofrio Food Group SA Consumer Goods Cementos Portland Valderrivas SAIndustrials Cia Espanola de Petroleos SAOil & Gas Codere SA Consumer Services Construcciones y Auxiliar de Ferrocarriles SAIndustrials Corp Financiera Alba Financials Criteria Caixacorp SA Financials Dinamia Capital Privado Sociedad de Capital Riesgo SA Financials Duro Felguera SAIndustrials Ebro Foods SA Consumer Goods Elecnor SAUtilities EnagasUtilities Endesa SAUtilities Faes Farma SA Health Care Ferrovial SAIndustrials Fersa Energias Renovables SAUtilities Fluidra SAIndustrials Fomento de Construcciones y Contratas SAIndustrials Gamesa Corp Tecnologica SAOil & Gas Gas Natural SDG SAUtilities Gestevision Telecinco SA Consumer Services Grifols SA Health Care Grupo Catalana Occidente SA Financials Grupo Empresarial Ence SABasic Materials Grupo Ezentis SATechnology Grupo Tavex SA Consumer Goods Iberdrola Renovables SAUtilities Iberdrola SAUtilities Iberia Lineas Aereas de Espana SA Consumer Services Iberpapel Gestion SABasic Materials Inditex SA Consumer Services Indra Sistemas SATechnology La Seda de Barcelona SABasic Materials Laboratorios Farmaceuticos Rovi SA Health Care Mapfre SA Financials Miquel y Costas & Miquel SABasic Materials Natra SA Consumer Goods Natraceutical SA Consumer Goods NH Hoteles SA Consumer Services Obrascon Huarte Lain SAIndustrials Papeles y Cartones de Europa SABasic Materials Pescanova SA Consumer Goods Promotora de Informaciones SA Consumer Services Prosegur Cia de Seguridad SAIndustrials Quabit Inmobiliaria SA Financials Realia Business SA Financials Red Electrica Corp SAUtilities Repsol YPF SAOil & Gas Sacyr Vallehermoso SAIndustrials Sol Melia SA Consumer Services Solaria Energia y Medio Ambiente SAOil & Gas SOS Corp Alimentaria SA Consumer Goods Tecnicas Reunidas SAIndustrials Telefonica SATelecommunications Telvent GIT SATechnology Tubacex SABasic Materials Tubos Reunidos SABasic Materials Unipapel SA Consumer Goods Vidrala SAIndustrials Viscofan SA Consumer Goods Vocento SA Consumer Services Zardoya Otis SAIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Valora Holding AG Consumer Services Verwaltungs- und Privat-Bank AG Financials Vetropack Holding AGIndustrials Von Roll Holding AGIndustrials Vontobel Holding AG Financials Ypsomed Holding AG Health Care Zehnder Group AGIndustrials Zueblin Immobilien Holding AG Financials Zurich Financial Services AG Financials Taiwan Ability Enterprise Co LtdTechnology AcBel Polytech IncIndustrials Accton Technology CorpTechnology Acer IncTechnology ACES Electronic Co LtdTechnology A-DATA Technology Co LtdTechnology Advanced International Multitech Co Ltd Consumer Goods Advanced Semiconductor Engineering IncTechnology Advantech Co LtdTechnology AGV Products Corp Consumer Goods ALI CorpTechnology Alpha Networks IncTechnology Altek Corp Consumer Goods Ambassador Hotel/The Consumer Services AmTRAN Technology Co Ltd Consumer Goods Ardentec CorpTechnology Asia Cement CorpIndustrials Asia Optical Co IncIndustrials Asia Polymer CorpBasic Materials Asia Vital Components Co LtdTechnology Asustek Computer IncTechnology Aten International Co LtdTechnology AU Optronics CorpTechnology AV Tech CorpIndustrials Avermedia TechnologiesTechnology Bank of Kaohsiung Financials Basso Industry Corp Consumer Goods BES Engineering CorpIndustrials Bright Led Electronics CorpIndustrials Capital Securities Corp Financials Career Technology MFG. Co LtdIndustrials Catcher Technology Co LtdIndustrials Cathay Financial Holding Co Ltd Financials Cathay Real Estate Development Co Ltd Financials Central Reinsurance Co Ltd Financials Chang Hwa Commercial Bank Financials Cheng Loong CorpBasic Materials Cheng Shin Rubber Industry Co Ltd Consumer Goods Cheng Uei Precision Industry Co LtdIndustrials Chia Hsin Cement CorpIndustrials Chicony Electronics Co LtdTechnology Chimei Innolux CorpTechnology China Airlines Ltd Consumer Services China Bills Finance Corp Financials China Development Financial Holding Corp Financials China General Plastics CorpBasic Materials China Life Insurance Co Ltd/Taiwan Financials China Manmade Fibers CorpBasic Materials China Metal ProductsIndustrials China Motor Corp Consumer Goods China Petrochemical Development CorpBasic Materials China Steel Chemical CorpBasic Materials China Steel CorpBasic Materials China Synthetic Rubber CorpBasic Materials Chinatrust Financial Holding Co Ltd Financials Chinese Gamer International Corp Consumer Goods Chinese Maritime Transport LtdIndustrials Chin-Poon Industrial CoIndustrials Chipbond Technology CorpTechnology Chong Hong Construction CoIndustrials Chroma ATE IncIndustrials Chun Yuan SteelBasic Materials Chung Hsin Electric & Machinery Manufacturing CorpIndustrials Chung Hung Steel CorpBasic Materials Chung Hwa Pulp CorpBasic Materials Chunghwa Picture TubesTechnology Chunghwa Telecom Co LtdTelecommunications Clevo CoTechnology CMC Magnetics CorpTechnology Compal Communications IncTechnology Compal Electronics IncTechnology Compeq Manufacturing CoIndustrials Concord Securities Corp Financials Continental Holdings CorpIndustrials Coretronic CorpIndustrials CSBC Corp TaiwanIndustrials CTCI CorpIndustrials Cyberlink CorpTechnology CyberTAN Technology IncTechnology Darfon Electronics CorpIndustrials Market value (NOK) 124 301 961 126 122 208 34 180 319 38 406 146 146 778 225 8 638 589 51 228 885 7 017 965 6 572 778 861 2.18% 3.32% 0.27% 0.68% 1.02% 0.19% 1.48% 0.51% 2.97% 2.18% 1.56% 0.27% 0.68% 1.02% 0.19% 0.74% 0.51% 2.97% 20 338 853 15 035 474 10 236 241 557 007 751 9 420 978 9 643 692 10 935 753 143 912 237 32 554 393 4 107 809 17 668 855 7 257 299 21 685 854 20 535 160 26 608 058 19 296 545 98 949 824 20 888 549 16 348 163 11 610 532 179 800 280 5 682 257 551 155 262 10 815 997 14 284 962 5 795 138 3 270 040 19 318 624 5 106 399 41 242 031 17 096 126 70 647 419 565 323 057 26 113 435 7 216 970 101 339 981 17 648 300 87 459 452 29 771 512 6 383 358 40 401 827 249 420 930 60 290 639 12 937 821 172 193 571 3 806 444 48 467 053 24 303 767 14 551 732 25 467 738 47 318 046 24 428 611 395 933 395 19 464 092 249 949 268 15 332 792 4 880 210 15 991 333 26 348 019 20 538 404 22 246 127 5 946 850 0.47% 0.59% 0.50% 1.15% 0.65% 0.43% 0.69% 0.35% 0.38% 0.32% 0.66% 0.31% 0.63% 0.58% 0.63% 0.72% 0.50% 0.63% 0.55% 0.62% 0.52% 0.45% 1.03% 0.62% 0.79% 0.35% 0.40% 0.61% 0.34% 0.57% 0.59% 0.49% 0.54% 0.43% 0.34% 0.32% 0.62% 0.33% 0.49% 0.25% 0.50% 0.39% 0.25% 0.46% 0.59% 0.34% 0.46% 0.56% 0.63% 0.32% 0.46% 0.43% 0.44% 0.59% 0.59% 0.35% 0.14% 0.80% 0.44% 0.52% 0.35% 0.33% 0.47% 0.59% 0.50% 1.15% 0.65% 0.43% 0.69% 0.35% 0.38% 0.32% 0.66% 0.31% 0.63% 0.58% 0.63% 0.72% 0.50% 0.63% 0.55% 0.62% 0.52% 0.45% 1.03% 0.62% 0.79% 0.35% 0.40% 0.61% 0.34% 0.57% 0.59% 0.49% 0.54% 0.43% 0.34% 0.32% 0.62% 0.33% 0.49% 0.25% 0.50% 0.39% 0.25% 0.46% 0.59% 0.34% 0.46% 0.56% 0.63% 0.32% 0.46% 0.43% 0.44% 0.59% 0.59% 0.35% 0.14% 0.80% 0.44% 0.52% 0.35% 0.33% 11 965 028 15 964 463 8 439 345 14 963 226 424 562 389 57 549 563 27 279 090 9 626 273 161 888 907 38 976 385 12 884 092 14 459 467 43 106 544 18 882 721 20 912 109 14 654 000 12 486 139 12 941 170 0.70% 0.34% 0.45% 0.25% 0.30% 0.67% 0.60% 0.28% 0.48% 0.80% 0.84% 0.63% 0.63% 0.48% 0.46% 0.57% 0.46% 0.53% 0.70% 0.34% 0.45% 0.25% 0.30% 0.67% 0.60% 0.28% 0.48% 0.80% 0.84% 0.63% 0.63% 0.48% 0.46% 0.57% 0.46% 0.53% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 32 Government pension fund global ANNUAL REPORT 2010 1.18% 1.34% 2.25% 1.03% 1.92% 1.55% 0.27% 0.44% 0.71% 0.80% 0.78% 1.10% 0.16% 0.86% 0.37% 0.53% 0.14% 1.96% 1.98% 2.22% 0.99% 0.37% 1.83% 1.20% 1.37% 0.09% 1.39% 4.10% 0.30% 1.38% 0.98% 1.90% 1.37% 1.86% 1.79% 1.98% 1.68% 0.24% 1.04% 1.44% 1.32% 1.16% 0.01% 2.33% 2.13% 0.98% 0.98% 1.16% 0.44% 1.80% 1.85% 1.58% 2.03% 1.75% 1.80% 1.70% 1.53% 1.36% 0.82% 1.43% 0.45% 0.76% 1.65% 0.61% 2.13% 1.98% 1.52% 0.58% 1.48% 1.86% 0.03% 1.34% 0.27% 0.46% 1.19% 0.74% 0.95% 1.97% 1.45% 0.47% 1.62% 2.08% 0.31% 1.25% 1.83% 0.63% 3.38% 1.45% 1.46% 1.97% 1.49% Sector Ownership Voting 1.18% 1.34% 2.25% 1.03% 0.99% 1.55% 0.27% 0.44% 0.71% 0.80% 0.78% 1.10% 0.20% 0.86% 0.37% 0.53% 0.14% 1.96% 1.98% 2.22% 0.19% 0.37% 1.83% 1.20% 1.37% 0.09% 1.39% 4.10% 0.30% 1.38% 0.98% 1.90% 1.37% 1.86% 1.79% 1.98% 1.68% 0.24% 1.04% 1.44% 1.32% 1.16% 0.01% 2.33% 2.13% 0.98% 0.98% 1.16% 0.44% 1.85% 1.85% 1.58% 2.03% 1.75% 1.80% 1.70% 1.53% 1.36% 0.82% 1.43% 0.45% 0.76% 1.65% 0.61% 2.13% 1.98% 0.19% 0.73% 1.48% 1.86% 0.03% 1.34% 0.27% 0.46% 1.19% 0.74% 0.95% 1.97% 1.45% 0.47% 1.62% 2.08% 0.31% 1.25% 1.83% 0.63% 3.38% 1.45% 1.46% 1.97% 1.49% Ownership 484 681 566 967 406 878 74 316 696 119 124 782 427 947 185 51 229 400 12 930 951 123 894 291 199 793 883 210 476 746 195 536 014 42 664 724 42 619 030 55 507 349 7 729 298 122 493 512 6 476 763 225 112 368 108 851 483 65 563 637 3 537 423 347 16 593 047 497 852 965 18 025 803 3 811 815 863 15 219 571 294 046 117 479 429 825 20 851 853 332 569 218 143 951 576 189 625 567 313 520 338 369 799 275 994 214 061 266 820 226 974 001 852 2 677 716 24 619 221 279 112 429 1 907 456 703 95 036 947 325 527 1 314 649 066 202 358 839 116 331 318 948 874 023 125 348 312 62 256 628 767 688 024 393 451 211 390 250 524 167 263 233 110 987 278 21 284 663 208 231 369 904 13 822 748 008 133 998 035 69 847 620 268 942 178 343 437 892 224 235 074 120 492 412 24 476 107 457 812 488 195 536 488 11 195 328 634 487 584 777 91 625 582 48 487 981 1 926 899 1 025 506 838 4 241 095 261 181 933 591 246 115 120 210 122 199 745 964 599 529 546 2 257 448 915 128 304 073 383 986 847 2 416 356 087 409 863 614 60 924 220 2 953 875 204 590 161 862 187 888 701 222 475 358 1 877 952 471 7 219 851 227 192 435 952 Voting Actelion Ltd Health Care Adecco SAIndustrials AFG Arbonia-Forster HldgIndustrials Allreal Holding AG Financials Aryzta AG Consumer Goods Ascom Holding AGTechnology Bachem Holding AG Health Care Baloise Holding AG Financials Bank Sarasin & Cie AG Financials Banque Cantonale Vaudoise Financials Barry Callebaut AG Consumer Goods Basilea Pharmaceutica Health Care Basler Kantonalbank Financials Belimo Holding AGIndustrials Bellevue Group AG Financials BKW FMB Energie AGUtilities Bobst Group AGIndustrials Bucher Industries AGIndustrials Burckhardt Compression Holding AGIndustrials Charles Voegele Holding AG Consumer Services Cie Financiere Richemont SA Consumer Goods Cie Financiere Tradition SA Financials Clariant AGBasic Materials Coltene Holding AG Health Care Credit Suisse Group AG Financials Daetwyler Holding AGIndustrials Dufry Group Consumer Services EFG International AG Financials Emmi AG Consumer Goods EMS-Chemie Holding AGBasic Materials Flughafen Zuerich AGIndustrials Forbo Holding AGIndustrials Galenica AG Consumer Services GAM Holding AG Financials Geberit AGIndustrials Georg Fischer AGIndustrials Givaudan SABasic Materials Gottex Fund Management Holdings Ltd Financials Gurit Holding AGBasic Materials Helvetia Holding AG Financials Holcim LtdIndustrials Huber & Suhner AGTechnology Intershop Holdings Financials Julius Baer Group Ltd Financials Kaba Holding AGIndustrials Kudelski SATechnology Kuehne + Nagel International AGIndustrials Kuoni Reisen Holding AG Consumer Services Liechtensteinische Landesbank AG Financials Lindt & Spruengli AG Consumer Goods Logitech International SATechnology Lonza Group AG Health Care Meyer Burger Technology AGIndustrials Mobimo Holding AG Financials Nestle SA Consumer Goods Nobel Biocare Holding AG Health Care Novartis AG Health Care OC Oerlikon Corp AGIndustrials Orascom Development Holding AG Financials Panalpina Welttransport Holding AGIndustrials Pargesa Holding SA Financials Partners Group Holding AG Financials Petroplus Holdings AGOil & Gas Phoenix Mecano AGIndustrials PSP Swiss Property AG Financials Rieter Holding AGIndustrials Roche Holding AG Health Care Schindler Holding AGIndustrials Schmolz + Bickenbach AGBasic Materials Schulthess Group Consumer Goods Schweiter Technologies AGIndustrials SGS SAIndustrials Siegfried Holding AG Health Care Sika AGIndustrials Sonova Holding AG Health Care St Galler Kantonalbank AG Financials Straumann Holding AG Health Care Sulzer AGIndustrials Swatch Group AG/The Consumer Goods Swiss Life Holding AG Financials Swiss Prime Site AG Financials Swiss Reinsurance Co Ltd Financials Swisscom AGTelecommunications Swissquote Group Holding SA Financials Syngenta AGBasic Materials Synthes Inc Health Care Tecan Group AG Health Care Temenos Group AGTechnology Transocean LtdOil & Gas UBS AG Financials Valiant Holding Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.31% 0.32% 0.50% 0.69% 0.60% 0.43% 0.49% 0.52% 0.34% 0.27% 0.83% 0.47% 0.56% 0.75% 0.42% 0.59% 0.55% 0.46% 0.63% 0.32% 0.10% 0.62% 0.43% 0.60% 0.65% 0.34% 0.41% 0.70% 0.33% 0.53% 0.42% 0.45% 0.64% 2.37% 0.22% 0.73% 0.49% 0.62% 0.75% 0.35% 0.68% 0.54% 0.23% 0.50% 0.60% 2.16% 0.50% 0.36% 0.59% 0.36% 0.54% 0.77% 0.64% 0.72% 0.18% 0.83% 0.48% 0.44% 0.64% 0.45% 0.23% 0.60% 0.32% 0.65% 0.25% 0.45% 0.28% 0.52% 0.61% 0.54% 0.34% 0.62% 0.63% 0.31% 0.32% 0.50% 0.69% 0.60% 0.43% 0.49% 0.52% 0.34% 0.27% 0.83% 0.47% 0.56% 0.75% 0.42% 0.59% 0.55% 0.46% 0.63% 0.32% 0.10% 0.62% 0.43% 0.60% 0.65% 0.34% 0.41% 0.70% 0.33% 0.53% 0.42% 0.45% 0.64% 2.37% 0.22% 0.73% 0.49% 0.62% 0.75% 0.35% 0.68% 0.54% 0.23% 0.50% 0.59% 2.16% 0.50% 0.36% 0.58% 0.36% 0.54% 0.77% 0.64% 0.72% 0.18% 0.83% 0.48% 0.44% 0.64% 0.45% 0.23% 0.60% 0.32% 0.65% 0.25% 0.45% 0.28% 0.52% 0.61% 0.54% 0.34% 0.62% 0.63% 3 123 812 16 803 886 52 432 570 20 572 778 12 070 343 22 156 248 23 763 913 17 933 296 13 244 335 18 817 549 23 319 657 14 438 286 4 622 204 5 781 425 96 336 754 36 419 855 18 466 255 20 693 450 6 908 365 12 961 483 118 340 218 11 813 971 9 049 059 81 528 173 11 785 640 24 237 898 461 194 612 218 961 671 14 913 248 10 016 297 5 819 771 5 611 809 2 757 231 12 555 134 20 149 599 15 601 884 14 116 385 60 209 553 178 419 735 37 445 349 706 829 409 36 923 327 33 499 374 14 846 306 133 364 103 14 748 396 42 694 525 15 881 446 32 448 838 3 325 256 25 051 924 82 202 735 17 088 096 31 373 922 10 141 388 22 447 930 49 199 717 98 682 171 31 292 154 80 452 354 137 544 801 20 561 330 19 358 698 6 465 346 33 137 880 181 068 409 8 958 365 28 239 441 24 671 520 16 859 347 36 196 313 50 798 334 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0.27% 0.26% 0.64% 3.30% 0.55% 0.38% 0.70% 0.54% 0.35% 0.54% 0.43% 0.60% 0.55% 0.58% 0.59% 0.61% 0.63% 0.48% 0.58% 0.49% 0.44% 0.40% 0.60% 0.43% 0.39% 0.50% 0.57% 0.44% 0.64% 0.54% 0.70% 0.61% 0.53% 0.49% 0.46% 0.33% 0.61% 0.23% 0.54% 0.18% 0.44% 0.46% 0.49% 0.39% 0.56% 0.60% 0.50% 0.59% 0.65% 0.51% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 33 Government pension fund global ANNUAL REPORT 2010 19 015 586 59 875 983 12 276 101 48 552 145 72 682 653 25 330 175 229 500 492 143 454 894 14 391 514 29 843 344 13 007 843 30 054 707 19 078 029 15 152 931 144 786 203 21 799 642 13 619 854 509 521 893 22 509 760 26 565 038 189 629 241 739 793 373 40 931 741 19 972 979 169 522 137 5 909 730 279 499 984 17 521 764 3 338 000 10 999 611 35 156 094 7 412 123 24 704 653 127 124 609 4 073 031 17 603 764 15 796 958 11 933 951 13 490 086 5 333 220 33 320 138 20 761 976 4 442 188 15 669 374 19 909 157 81 090 796 31 042 535 4 522 130 53 919 183 8 571 666 10 920 433 18 110 300 1 458 940 440 12 707 424 1 569 323 1 215 071 735 7 381 518 141 271 029 29 426 732 28 952 176 5 827 545 14 924 966 5 690 239 15 020 225 32 346 541 10 117 476 7 443 026 50 753 010 15 128 931 13 600 397 4 019 810 14 020 049 40 343 814 Johnson Health Tech Co Ltd Consumer Goods Kenda Rubber Industrial Co Ltd Consumer Goods KGI Securities Co Ltd Financials Kindom Construction Co Financials King Slide Works Co LtdIndustrials King Yuan Electronics Co LtdTechnology King’s Town Bank Financials King’s Town Construction Co Ltd Financials Kinik CoIndustrials Kinpo Electronics Consumer Goods Kinsus Interconnect Technology CorpTechnology Kuoyang Construction Co Ltd Financials KYE Systems CorpTechnology L&K Engineering Co LtdIndustrials Largan Precision Co Ltd Consumer Goods LCY Chemical CorpBasic Materials Lealea Enterprise Co Ltd Consumer Goods Lien Hwa Industrial Corp Consumer Goods LITE-ON IT CorpTechnology Lite-On Semiconductor CorpTechnology Lite-On Technology CorpIndustrials Long Bon International Co Ltd Financials Long Chen Paper Co LtdBasic Materials Macronix InternationalTechnology Makalot Industrial Co Ltd Consumer Goods Masterlink Securities Corp Financials MediaTek IncTechnology Mega Financial Holding Co Ltd Financials Mercuries & Associates Ltd Consumer Services Merida Industry Co Ltd Consumer Goods Merry Electronics Co LtdTechnology Microelectronics Technology IncTechnology Microlife Corp Health Care Micro-Star International Co LtdTechnology MIN AIK Technology Co LtdTechnology Mitac International CorpTechnology Mosel Vitelic IncTechnology Motech Industries IncOil & Gas MStar Semiconductor IncTechnology Nan Kang Rubber Tire Co Ltd Consumer Goods Nan Ya Plastics CorpBasic Materials Nan Ya Printed Circuit Board CorpIndustrials Nanya Technology CorpTechnology National Petroleum Co Ltd Consumer Services Neo Solar Power CorpOil & Gas Nien Hsing Textile Co Ltd Consumer Goods Novatek Microelectronics CorpTechnology Opto Technology CorpTechnology Oriental Union Chemical CorpBasic Materials O-TA Precision Industry Co Ltd Consumer Goods Pan-International IndustrialIndustrials Pegatron CorpTechnology Phihong Technology Co LtdIndustrials Phison Electronics CorpTechnology Pihsiang Machinery Manufacturing Co Ltd Health Care Pixart Imaging IncTechnology Polaris Securities Co Ltd Financials Pou Chen Corp Consumer Goods Powerchip Technology CorpTechnology Powertech Technology IncTechnology President Chain Store Corp Consumer Services President Securities Corp Financials Prince Housing & Development Corp Financials ProMOS Technologies IncTechnology Qisda CorpTechnology Quanta Computer IncTechnology Quanta Storage IncTechnology Radiant Opto-Electronics CorpIndustrials Radium Life Tech Co Ltd Financials Ralink Technology CorpTechnology Realtek Semiconductor CorpTechnology Richtek Technology CorpTechnology Ritek CorpIndustrials Ruentex Development Co Ltd Consumer Services Ruentex Industries Ltd Consumer Goods Sampo Corp Consumer Goods San Shing Fastech CorpIndustrials Sanyang Industry Co Ltd Consumer Goods Sanyo Electric Taiwan Co Ltd Consumer Goods Senao International Co LtdTechnology Sheng Yu Steel Co LtdBasic Materials Shih Wei Navigation Co LtdIndustrials Shihlin Electric & Engineering CorpIndustrials Shihlin Paper CorpBasic Materials Shin Kong Financial Holding Co Ltd Financials Shin Zu Shing Co LtdIndustrials Shining Building Business Co Ltd Financials Shinkong Synthetic Fibers Corp Consumer Goods Shinkong Textile Co Ltd Consumer Goods Silicon Integrated Systems CorpTechnology Siliconware Precision Industries CoTechnology Ownership 0.48% 0.57% 0.47% 0.79% 0.58% 1.58% 0.46% 0.24% 0.64% 0.64% 0.38% 0.50% 0.67% 0.42% 1.24% 0.66% 0.24% Voting 0.48% 0.57% 0.47% 0.79% 0.58% 1.58% 0.46% 0.24% 0.64% 0.64% 0.38% 0.50% 0.67% 0.42% 1.24% 0.66% 0.24% Market value (NOK) Ownership 324 401 184 14 627 713 18 139 048 8 146 841 14 281 200 200 180 005 70 685 109 4 887 261 22 664 011 14 805 732 10 671 430 16 568 504 121 034 886 27 133 245 29 512 808 13 353 883 53 220 252 Sector Voting Delta Electronics IncIndustrials Depo Auto Parts Ind Co Ltd Consumer Goods D-Link CorpTechnology Dynamic Electronics Co LtdIndustrials Dynapack International Technology CorpIndustrials E Ink Holdings IncIndustrials E.Sun Financial Holding Co Ltd Financials Eastern Media International CorpIndustrials Elan Microelectronics CorpTechnology Elite Semiconductor Memory Technology IncTechnology Elitegroup Computer Systems Co LtdTechnology Entire Technology Co LtdIndustrials Epistar CorpIndustrials Eternal Chemical Co LtdBasic Materials E-Ton Solar Tech Co LtdOil & Gas Etron Technology IncTechnology Eva Airways Corp Consumer Services Evergreen International Storage & Transport CorpIndustrials Evergreen Marine Corp Taiwan LtdIndustrials Everlight Chemical Industrial CorpBasic Materials Everlight Electronics Co LtdIndustrials Far Eastern Department Stores Co Ltd Consumer Services Far Eastern International Bank Financials Far Eastern New Century Corp Consumer Goods Far EasTone Telecommunications Co LtdTelecommunications Faraday Technology CorpTechnology Farglory Land Development Co Ltd Financials Federal Corp Consumer Goods Feng Hsin Iron & Steel CoBasic Materials Feng TAY Enterprise Co Ltd Consumer Goods Firich Enterprises Co LtdTechnology First Financial Holding Co Ltd Financials First Steamship Co LtdIndustrials Forhouse CorpIndustrials Formosa Chemicals & Fibre CorpBasic Materials Formosa Epitaxy IncTechnology Formosa International Hotels Corp Consumer Services Formosa Petrochemical CorpOil & Gas Formosa Plastics CorpBasic Materials Formosa Taffeta Co Ltd Consumer Goods Formosan Rubber Group IncBasic Materials Foxconn Technology Co LtdIndustrials FSP Technology IncIndustrials Fubon Financial Holding Co Ltd Financials Gemtek Technology CorpTechnology GeoVision IncIndustrials Getac Technology CorpTechnology Giant Manufacturing Co Ltd Consumer Goods Giantplus Technology Co LtdIndustrials Gigabyte Technology Co LtdTechnology Gintech Energy CorpOil & Gas Global Brands Manufacture LtdIndustrials Global Mixed Mode Technology IncTechnology Global Unichip CorpTechnology Globe Union Industrial CorpIndustrials Gloria Material Technology CorpBasic Materials Gold Circuit Electronics LtdIndustrials Goldsun Development & Construction Co LtdIndustrials Grand Pacific PetrochemicalBasic Materials Great Taipei Gas Co LtdUtilities Great Wall Enterprise Co Ltd Consumer Goods Greatek Electronics IncTechnology Green Energy Technology IncOil & Gas HannStar Display CorpTechnology Harvatek CorpIndustrials Highwealth Construction CorpIndustrials Ho Tung Chemical CorpBasic Materials Holtek Semiconductor IncTechnology Holy Stone Enterprise Co LtdIndustrials Hon Hai Precision Industry Co LtdIndustrials Hsin Kuang Steel Co LtdBasic Materials Hsing TA Cement CoIndustrials HTC CorpTechnology HUA ENG Wire & CableIndustrials Hua Nan Financial Holdings Co Ltd Financials Huaku Development Co LtdIndustrials Huang Hsiang Construction CoIndustrials Hung Poo Real Estate Development Corp Financials Hung Sheng Construction Co LtdIndustrials ICP Electronics IncTechnology Infortrend Technology IncTechnology Inotera Memories IncTechnology International Games System Co Ltd Consumer Goods Inventec Appliances Corp Consumer Goods Inventec Co LtdTechnology ITE Technology IncTechnology ITEQ CorpIndustrials Jenn Feng New Energy Co Ltd Consumer Goods Jess-Link Products Co LtdTechnology Jih Sun Financial Holdings Co Ltd Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Wistron CorpTechnology Wistron NeWeb CorpTechnology WPG Holdings LtdTechnology Yageo CorpIndustrials Yang Ming Marine Transport CorpIndustrials Yeun Chyang Industrial Co LtdBasic Materials Yieh Phui Enterprise Co LtdBasic Materials Young Fast Optoelectronics Co LtdIndustrials Young Optics IncIndustrials Yuanta Financial Holding Co Ltd Financials Yuen Foong Yu Paper Manufacturing Co LtdBasic Materials Yulon Motor Co Ltd Consumer Goods Yung Chi Paint & Varnish Manufacturing Co LtdIndustrials YungShin Global Holding Corp Health Care Yungtay Engineering Co LtdIndustrials Zinwell CorpTechnology Thailand Advanced Info Service PCLTelecommunications Airports of Thailand PCLIndustrials Amata Corp PCL Financials Asian Property Development PCL Consumer Goods Bangchak Petroleum PCLOil & Gas Bangkok Bank PCL Financials Bank of Ayudhya PCL Financials Banpu PCLBasic Materials BEC World PCL Consumer Services Bumrungrad Hospital PCL Health Care CalComp Electronics Thailand PCLIndustrials Central Pattana PCL Financials Charoen Pokphand Foods PCL Consumer Goods CP ALL PCL Consumer Services Delta Electronics Thai PCLIndustrials Electricity Generating PCLUtilities Glow Energy PCLUtilities Hana Microelectronics PCLIndustrials IRPC PCLBasic Materials Italian-Thai Development PCLIndustrials Kasikornbank PCL Financials Khon Kaen Sugar Industry PCL Consumer Goods Krung Thai Bank PCL Financials Land and Houses PCL Consumer Goods LPN Development PCL Financials Minor International PCL Consumer Services Phatra Securities PCL Financials Precious Shipping PCLIndustrials Pruksa Real Estate PCL Financials PTT Aromatics & Refining PCLOil & Gas PTT Chemical PCLBasic Materials PTT Exploration & Production PCLOil & Gas PTT PCLOil & Gas Quality Houses PCL Financials Ratchaburi Electricity Generating Holding PCLUtilities Sahaviriya Steel Industries PCLBasic Materials SE Education PCL Consumer Services Siam Cement PCLIndustrials Siam City Cement PCLIndustrials Siam Commercial Bank PCL Financials Siam Makro PCL Consumer Services Tata Steel Thailand PCLBasic Materials Thai Airways International PCL Consumer Services Thai Oil PCLOil & Gas Thai Union Frozen Products PCL Consumer Goods Thanachart Capital PCL Financials Thoresen Thai Agencies PCLIndustrials Tisco Financial Group PCL Financials TMB Bank PCL Financials Total Access Communication PCLTelecommunications TPI Polene PCLIndustrials True Corp PCLTelecommunications Turkey Adana Cimento Sanayii TASIndustrials Akbank TAS Financials Akcansa Cimento ASIndustrials Akenerji Elektrik Uretim ASUtilities Akfen Holding ASIndustrials Aksa Akrilik Kimya SanayiiBasic Materials Aksigorta AS Financials Alarko Holding ASIndustrials Albaraka Turk Katilim Bankasi AS Financials Anadolu Cam Sanayii ASIndustrials Anadolu Efes Biracilik Ve Malt Sanayii AS Consumer Goods Anadolu Hayat Emeklilik AS Financials Arcelik AS Consumer Goods Aselsan Elektronik Sanayi Ve Ticaret ASTechnology Asya Katilim Bankasi AS Financials Aygaz ASUtilities Banvit Bandirma Vitaminli Yem Sanayii ASA Consumer Goods BIM Birlesik Magazalar AS Consumer Services Boyner Buyuk Magazacilik Consumer Services Celebi Hava Servisi ASIndustrials Market value (NOK) 159 598 776 18 013 051 105 110 868 39 159 406 44 743 784 13 322 227 16 137 286 36 475 938 18 700 141 204 987 295 30 035 713 89 427 609 0.69% 0.49% 0.89% 0.62% 0.31% 0.76% 0.47% 0.46% 0.45% 0.58% 0.62% 0.46% 0.69% 0.49% 0.89% 0.62% 0.31% 0.76% 0.47% 0.46% 0.45% 0.58% 0.62% 0.46% 4 648 202 10 027 158 21 095 906 19 214 921 0.33% 0.48% 0.59% 0.53% 0.33% 0.48% 0.59% 0.53% 101 115 205 2 073 989 112 451 188 441 81 618 911 460 450 056 88 149 737 32 703 244 37 775 625 6 142 786 99 139 955 755 15 213 188 326 244 421 404 918 4 961 487 62 776 026 3 671 255 15 366 489 634 325 7 679 575 248 253 81 460 383 86 811 701 939 897 964 479 20 451 820 17 314 474 682 393 2 040 595 23 503 049 393 142 790 438 822 917 130 209 7 531 645 1 293 539 2 509 465 44 218 605 5 576 759 27 691 866 33 555 924 93 314 6 687 352 3 056 831 114 356 632 187 600 268 860 451 40 483 339 4 881 736 4 531 956 120 955 467 242 0.17% 0.02% 0.00% 0.01% 0.00% 0.43% 0.29% 0.01% 0.29% 0.14% 0.00% 0.01% 0.04% 0.61% 0.00% 0.05% 0.22% 0.09% 0.06% 0.02% 0.01% 0.01% 0.02% 0.25% 0.04% 0.01% 0.00% 0.01% 0.01% 0.01% 0.03% 0.34% 0.19% 0.00% 0.07% 0.03% 0.00% 0.02% 0.05% 0.04% 0.43% 0.00% 0.03% 0.01% 0.86% 0.94% 0.03% 0.71% 0.02% 0.02% 0.00% 0.00% 0.21% 0.02% 0.00% 0.01% 1.93% 0.83% 0.29% 0.08% 0.31% 0.14% 0.00% 0.01% 0.04% 0.96% 0.00% 0.05% 0.47% 0.09% 0.06% 0.02% 0.01% 0.01% 0.22% 0.70% 0.04% 0.01% 2.07% 0.47% 0.01% 0.01% 0.05% 0.37% 0.25% 0.00% 0.07% 0.03% 0.38% 0.05% 0.05% 0.04% 0.43% 0.00% 0.03% 0.01% 1.18% 2.03% 0.03% 0.71% 0.02% 0.02% 0.00% 0.00% 18 577 926 372 787 420 20 743 940 14 939 685 202 058 961 10 624 329 9 840 642 716 290 15 813 671 75 219 064 251 307 611 64 971 149 229 756 096 10 723 780 79 837 197 105 589 327 47 597 087 112 251 297 34 897 565 13 150 809 0.26% 0.29% 0.38% 0.29% 2.94% 0.41% 0.37% 0.02% 0.29% 1.74% 0.63% 1.28% 1.15% 0.15% 0.83% 1.12% 2.46% 0.37% 2.42% 0.61% 0.26% 0.29% 0.38% 0.29% 2.94% 0.41% 0.37% 0.02% 0.29% 1.74% 0.63% 1.28% 1.15% 0.15% 0.83% 1.12% 2.46% 0.37% 2.42% 0.61% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 34 Government pension fund global ANNUAL REPORT 2010 0.42% 0.92% 0.39% 0.51% 0.62% 0.70% 0.37% 0.41% 0.59% 0.59% 0.56% 0.35% 0.76% 0.58% 0.38% 0.01% 0.55% 0.23% 0.51% 0.49% 0.56% 0.65% 0.67% 0.40% 0.48% 0.55% 0.41% 0.41% 0.17% 0.39% 0.59% 0.18% 0.41% 0.47% 0.40% 0.48% 0.68% 0.29% 0.47% 0.22% 0.41% 0.73% 0.51% 0.66% 0.64% 0.82% 0.68% 0.55% 0.34% 0.59% 0.59% 0.35% 0.70% 0.42% 0.55% 0.60% 0.82% 0.24% 0.66% 0.28% 0.64% 0.44% 0.45% 0.72% 0.23% 0.42% 0.32% 0.68% 0.64% 0.91% 0.74% 0.48% 0.53% 0.69% 0.00% 0.41% 0.48% 0.19% 0.36% 0.68% 0.70% 0.78% 0.61% 0.62% 0.30% 0.45% 0.73% 0.34% 0.47% 0.36% 0.63% Sector Ownership Voting 0.42% 0.92% 0.39% 0.51% 0.62% 0.70% 0.37% 0.41% 0.59% 0.59% 0.56% 0.35% 0.76% 0.58% 0.38% 0.01% 0.56% 0.23% 0.51% 0.49% 0.56% 0.65% 0.67% 0.40% 0.48% 0.55% 0.41% 0.41% 0.17% 0.39% 0.59% 0.18% 0.41% 0.47% 0.40% 0.48% 0.68% 0.29% 0.48% 0.22% 0.41% 0.73% 0.51% 0.66% 0.57% 0.82% 0.68% 0.55% 0.34% 0.59% 0.59% 0.35% 0.70% 0.42% 0.55% 0.60% 0.82% 0.24% 0.66% 0.28% 0.64% 0.44% 0.45% 0.72% 0.23% 0.42% 0.32% 0.68% 0.64% 0.91% 0.74% 0.48% 0.53% 0.69% 0.00% 0.41% 0.48% 0.19% 0.36% 0.68% 0.70% 0.78% 0.61% 0.62% 0.30% 0.45% 0.73% 0.34% 0.47% 0.36% 0.63% Ownership 13 532 730 98 844 509 15 623 885 36 039 197 117 917 064 30 630 430 17 531 898 6 205 026 21 088 145 22 627 798 12 645 576 5 335 836 11 659 979 22 550 698 21 430 756 157 889 14 002 211 5 681 749 6 760 826 114 624 008 13 975 071 18 634 609 17 454 398 23 789 184 4 960 389 23 125 327 27 123 820 100 547 414 4 860 135 41 001 025 143 382 490 3 630 204 126 079 322 99 695 841 8 442 494 72 589 111 21 472 338 15 295 335 3 628 470 114 746 687 12 718 450 14 057 027 24 998 950 7 379 494 2 348 625 317 14 400 044 20 125 445 13 926 646 4 564 472 52 026 863 41 996 576 1 820 988 16 502 087 20 079 131 19 788 685 26 771 269 9 503 612 16 302 797 74 525 483 5 687 001 56 019 253 16 588 649 29 240 390 23 678 249 2 858 191 7 262 094 34 916 931 119 081 512 236 258 343 15 961 167 15 430 974 200 867 365 18 264 614 15 294 416 15 991 319 20 489 396 24 135 020 9 333 628 22 342 900 14 315 092 16 014 555 21 101 100 81 684 647 16 278 368 32 071 093 27 045 456 27 963 606 3 643 938 5 688 695 22 778 252 82 072 128 Voting Silitech Technology CorpIndustrials Simplo Technology Co LtdIndustrials Sincere NavigationIndustrials Sino-American Silicon Products IncTechnology SinoPac Financial Holdings Co Ltd Financials Sintek Photronic CorpIndustrials Sinyi Realty Co Financials Sitronix Technology CorpTechnology Soft-World International Corp Consumer Goods Solar Applied Materials Technology CoBasic Materials Sonix Technology Co LtdTechnology Southeast Cement Co LtdIndustrials Springsoft IncTechnology St Shine Optical Co Ltd Health Care Standard Foods Corp Consumer Goods Star Comgistic Capital Co Ltd Consumer Goods Sunplus Technology Co LtdTechnology Sunrex Technology CorpTechnology Syncmold Enterprise CorpIndustrials Synnex Technology International CorpTechnology Systex CorpTechnology T JOIN Transportation CoIndustrials TA Chen Stainless PipeIndustrials Ta Chong Bank Co Ltd Financials Ta Ya Electric Wire & CableIndustrials Taichung Commercial Bank Financials Tainan Spinning Co Ltd Consumer Goods Taishin Financial Holding Co Ltd Financials Taiwan Acceptance Corp Financials Taiwan Business Bank Financials Taiwan Cement CorpIndustrials Taiwan Cogeneration CorpUtilities Taiwan Cooperative Bank Financials Taiwan Fertilizer Co LtdBasic Materials Taiwan Fire & Marine Insurance Co Financials Taiwan Glass Industrial CorpIndustrials Taiwan Hon Chuan Enterprise Co LtdIndustrials Taiwan Life Insurance Co Ltd Financials Taiwan Mask CorpTechnology Taiwan Mobile Co LtdTelecommunications Taiwan Navigation Co LtdIndustrials Taiwan Paiho Ltd Consumer Goods Taiwan Secom Co LtdIndustrials Taiwan Semiconductor Co LtdTechnology Taiwan Semiconductor Manufacturing Co LtdTechnology Taiwan Styrene MonomerBasic Materials Taiwan Surface Mounting Technology Co LtdIndustrials Taiwan TEA Corp Consumer Goods Taiyen Biotech Co Ltd Consumer Goods Tatung Co LtdTechnology Teco Electric and Machinery Co Ltd Consumer Goods Tecom Co LtdTechnology Test-Rite International Co Consumer Goods Ton Yi Industrial CorpBasic Materials Tong Hsing Electronic Industries LtdIndustrials Tong Yang Industry Co Ltd Consumer Goods Topco Scientific Co LtdTechnology Transcend Information IncTechnology Tripod Technology CorpIndustrials Tsann Kuen Enterprise Co Ltd Consumer Goods TSRC CorpBasic Materials TTY Biopharm Co Ltd Health Care Tung Ho Steel Enterprise CorpBasic Materials TXC CorpIndustrials TYC Brother Industrial Co Ltd Consumer Goods Tyntek CorpTechnology U-Ming Marine Transport CorpIndustrials Unimicron Technology CorpIndustrials Uni-President Enterprises Corp Consumer Goods Unitech Printed Circuit Board CorpIndustrials United Integrated Services Co LtdIndustrials United Microelectronics CorpTechnology Unity Opto Technology Co LtdIndustrials Universal Cement CorpIndustrials Unizyx Holding CorpTechnology UPC Technology CorpBasic Materials USI CorpBasic Materials Vanguard International Semiconductor CorpTechnology Via Technologies IncTechnology Visual Photonics Epitaxy Co LtdTechnology Wafer Works CorpTechnology Wah Lee Industrial CorpIndustrials Walsin Lihwa CorpIndustrials Walsin Technology CorpIndustrials Wan Hai Lines LtdIndustrials Waterland Financial Holdings Financials Wei Chuan Food Corp Consumer Goods Wellypower Optronics CorpIndustrials Weltrend SemiconductorTechnology Winbond Electronics CorpTechnology Wintek CorpIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 0.20% 0.08% 0.55% 0.52% 0.34% 0.60% 0.25% 1.69% 2.74% 0.20% 0.08% 0.55% 0.52% 0.34% 0.60% 0.25% 1.69% 2.74% 12 741 490 303 351 565 34 046 440 2 127 873 24 565 317 7 707 818 2 241 155 117 496 090 180 864 272 174 113 736 82 519 696 103 070 147 27 547 605 445 453 976 52 711 102 184 534 371 474 001 939 161 386 203 425 247 281 186 615 429 27 515 830 204 817 042 108 918 504 7 107 828 396 998 889 26 040 071 8 847 722 0.51% 0.44% 0.38% 0.08% 3.99% 0.15% 0.04% 1.14% 2.00% 1.16% 1.14% 0.28% 0.30% 2.18% 0.06% 0.21% 0.38% 0.26% 0.45% 2.70% 0.23% 0.55% 1.95% 0.23% 0.50% 0.32% 0.30% 0.51% 0.44% 0.38% 0.08% 3.99% 0.15% 0.04% 1.14% 2.00% 1.16% 1.14% 0.28% 0.30% 2.18% 0.06% 0.21% 0.38% 0.26% 0.45% 2.70% 0.23% 0.55% 1.95% 0.23% 0.50% 0.32% 0.30% 25 795 869 20 520 253 6 123 938 25 897 863 12 457 855 15 285 908 26 329 890 76 826 138 14 482 592 26 284 511 5 169 472 13 868 758 115 416 140 42 453 204 5 351 784 5 170 429 6 557 515 6 325 197 0.16% 0.34% 0.00% 0.28% 0.33% 0.32% 0.34% 0.13% 0.00% 0.14% 0.11% 0.11% 0.34% 0.11% 0.35% 0.80% 0.47% 0.31% 0.16% 0.34% 0.48% 0.28% 0.33% 0.32% 0.34% 0.13% 0.40% 0.14% 0.11% 0.11% 0.34% 0.11% 0.35% 0.80% 0.47% 0.31% 507 307 918 7 552 661 564 106 425 335 705 491 669 224 523 212 390 012 1 981 639 766 139 018 45 850 546 7 949 538 2 365 055 19 165 329 661 769 494 231 240 227 17 210 119 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309 396 196 430 879 2 058 363 571 15 641 110 18 182 491 327 529 191 36 878 625 118 930 193 81 806 222 22 137 864 7 899 100 217 735 193 21 973 000 383 382 304 22 516 554 54 953 181 1 781 607 368 55 352 550 35 491 349 227 132 723 58 920 968 52 164 056 20 107 715 263 137 747 342 585 128 5 887 142 140 580 829 97 222 196 91 496 089 43 919 765 95 423 863 134 138 269 122 802 708 191 048 386 20 592 142 44 931 116 4 684 174 639 48 865 757 98 517 712 151 473 234 83 861 769 191 022 453 98 193 751 48 979 664 53 925 939 11 638 432 162 818 680 31 175 636 134 199 646 0.05% 1.31% 0.93% 1.23% 1.23% 2.09% 1.33% 1.28% 1.29% 1.31% 1.20% 2.09% 1.70% 0.90% 1.37% 2.85% 3.19% 1.32% 4.44% 0.68% 1.99% 3.19% 3.64% 1.22% 1.32% 1.29% 1.36% 1.59% 3.71% 1.79% 1.82% 1.41% 1.05% 1.75% 2.84% 1.82% 1.63% 1.39% 2.27% 1.82% 1.02% 1.26% 2.74% 1.19% 1.32% 2.77% 2.97% 2.55% 1.42% 1.28% 3.32% 0.00% 0.28% 1.94% 0.97% 1.79% 1.28% 0.49% 1.78% 1.02% 2.76% 1.37% 1.37% 1.11% 0.54% 1.30% 5.94% 0.15% 0.00% 1.89% 3.80% 3.58% 1.29% 1.62% 4.07% 1.33% 0.82% 1.19% 1.74% 0.00% 1.31% 2.32% 1.04% 1.56% 1.23% 0.52% 3.36% 2.99% 0.95% 2.88% 1.27% 0.05% 1.31% 0.93% 1.23% 1.23% 2.09% 1.33% 1.28% 1.29% 1.31% 1.20% 2.09% 1.70% 0.90% 1.37% 2.85% 3.19% 1.32% 4.44% 0.68% 2.00% 3.19% 3.64% 1.22% 1.32% 1.29% 1.36% 1.59% 3.71% 1.79% 1.82% 1.41% 1.05% 1.75% 2.84% 1.82% 1.63% 1.39% 2.27% 0.47% 1.02% 1.26% 2.74% 1.19% 1.32% 2.77% 2.97% 2.55% 1.41% 1.28% 3.32% 0.00% 0.28% 1.94% 0.97% 1.79% 1.28% 0.49% 1.78% 1.02% 2.76% 1.37% 1.37% 1.11% 0.54% 1.30% 5.94% 0.15% 0.70% 1.89% 3.80% 3.58% 1.29% 1.62% 4.07% 1.33% 0.82% 1.19% 1.74% 0.00% 1.31% 2.32% 1.04% 1.56% 1.23% 0.52% 3.35% 2.99% 0.95% 2.88% 1.27% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 35 Government pension fund global ANNUAL REPORT 2010 10 583 848 36 276 351 168 844 592 89 658 588 30 567 050 32 379 544 149 086 582 64 064 193 53 961 320 Avanti Communications Group PLCTelecommunications Aveva Group PLCTechnology Aviva PLC Financials Babcock International Group PLCIndustrials Balfour Beatty PLCIndustrials Barclays PLC Financials Barratt Developments PLC Consumer Goods BBA Aviation PLCIndustrials Beazley PLC Financials Bellway PLC Consumer Goods Berendsen PLCIndustrials Berkeley Group Holdings PLC Consumer Goods BG Group PLCOil & Gas BHP Billiton PLCBasic Materials Big Yellow Group PLC Financials Bloomsbury Publishing PLC Consumer Services Bodycote PLCIndustrials Booker Group PLC Consumer Services Bovis Homes Group PLC Consumer Goods BowLeven PLCOil & Gas BP PLCOil & Gas Brewin Dolphin Holdings PLC Financials Brightside Group PLC Financials Brit Insurance Holdings NV Financials British Land Co PLC Financials British Sky Broadcasting Group PLC Consumer Services Britvic PLC Consumer Goods BT Group PLCTelecommunications BTG PLC Health Care Bunzl PLCIndustrials Burberry Group PLC Consumer Goods Cable & Wireless Communications PLCTelecommunications Cable & Wireless Worldwide PLCTelecommunications Cairn Energy PLCOil & Gas Candover Investments PLC/fund Financials Capita Group PLC/TheIndustrials Capital & Counties Properties PLC Financials Capital Shopping Centres Group PLC Financials Carillion PLCIndustrials Carnival PLC Consumer Services Carpetright PLC Consumer Services Catlin Group Ltd Financials Cattles PLC Financials Centamin Egypt LtdBasic Materials Centrica PLCUtilities Ceres Power Holdings PLCIndustrials Charles Taylor Consulting PLC Financials Charter International PLCIndustrials Chaucer Holdings PLC Financials Chemring Group PLCIndustrials Chesnara PLC Financials Chrysalis Group PLC Consumer Services Cineworld Group PLC Consumer Services Close Brothers Group PLC Financials CLS Holdings PLC Financials Cobham PLCIndustrials Collins Stewart PLC Financials Colt Group SATelecommunications Compass Group PLC Consumer Services Computacenter PLCTechnology Consort Medical PLC Health Care Cookson Group PLCIndustrials Cove Energy PLCOil & Gas CPP Group PLC Consumer Services Cranswick PLC Consumer Goods Croda International PLCBasic Materials CSR PLCTechnology Daejan Holdings PLC Financials Daily Mail & General Trust PLC Consumer Services Dairy Crest Group PLC Consumer Goods Daisy Group PLCTelecommunications Dart Group PLCIndustrials De La Rue PLCIndustrials Debenhams PLC Consumer Services Dechra Pharmaceuticals PLC Health Care Derwent London PLC Financials Development Securities PLC Financials Devro PLC Consumer Goods Diageo PLC Consumer Goods Dignity PLC Consumer Services Dixons Retail PLC Consumer Services Domino Printing Sciences PLCIndustrials Domino’s Pizza UK & IRL PLC Consumer Services Drax Group PLCUtilities DS Smith PLCIndustrials Dunelm Group PLC Consumer Services eaga PLCIndustrials Earthport PLCTechnology easyJet PLC Consumer Services Eco Animal Health Group PLC Health Care Electrocomponents PLCIndustrials Ownership 0.26% 0.28% 0.24% 0.36% 0.31% Voting 0.26% 0.28% 0.24% 0.36% 0.31% Market value (NOK) Ownership 13 295 291 55 098 696 25 050 703 26 907 411 17 179 874 Sector Voting Cimsa Cimento Sanayi VE TicaIndustrials Coca-Cola Icecek AS Consumer Goods Dogan Sirketler Grubu HoldingsOil & Gas Dogan Yayin Holding AS Consumer Services Dogus Otomotiv Servis ve Ticaret AS Consumer Services EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS Health Care Enka Insaat ve Sanayi ASIndustrials Eregli Demir ve Celik Fabrikalari TASBasic Materials Ford Otomotiv Sanayi AS Consumer Goods Fortis Bank AS Financials Gubre Fabrikalari TASBasic Materials Haci Omer Sabanci Holding AS Financials Hurriyet Gazetecilik AS Consumer Services Is Yatirim Menkul Degerler AS Financials Kardemir Karabuk Demir Celik Sanayi ve Ticaret ASBasic Materials KOC Holding AS Financials Petkim Petrokimya Holding ASBasic Materials Pinar SUT Mamulleri Sanayii AS Consumer Goods Reysas Gayrimenkul Yatirim Ortakligi AS Financials Sekerbank TAS Financials Selcuk Ecza Deposu Ticaret ve Sanayi A.S. Health Care TAV Havalimanlari Holding ASIndustrials Tekfen Holding AS Financials Tofas Turk Otomobil Fabrikasi AS Consumer Goods Trakya Cam Sanayi ASIndustrials Tupras Turkiye Petrol Rafinerileri ASOil & Gas Turk Ekonomi Bankasi AS Financials Turk Hava Yollari Consumer Services Turk Telekomunikasyon ASTelecommunications Turkcell Iletisim Hizmet ASTelecommunications Turkiye Garanti Bankasi AS Financials Turkiye Halk Bankasi AS Financials Turkiye Is Bankasi Financials Turkiye Sinai Kalkinma Bankasi AS Financials Turkiye Sise ve Cam Fabrikalari AS Consumer Goods Turkiye Vakiflar Bankasi Tao Financials Ulker Biskuvi Sanayi AS Consumer Goods Vestel Elektronik Sanayi ve Ticaret A.S. Consumer Goods Yapi ve Kredi Bankasi AS Financials Yazicilar Holding AS Consumer Goods Zorlu Enerji Elektrik Uretim ASUtilities United Arab Emirates Abu Dhabi Commercial Bank PJSC Financials Air Arabia Consumer Services Ajman Bank PJSC Financials Aldar Properties PJSC Financials Arabtec Holding CoIndustrials Aramex CoIndustrials Dana Gas PJSCUtilities DP World LtdIndustrials Drake & Scull InternationalIndustrials Dubai Financial Market Financials Dubai Investments PJSC Financials Dubai Islamic Bank PJSC Financials Emaar Properties PJSC Financials First Gulf Bank PJSC Financials Islamic Arab Insurance Co Financials National Central Cooling Co PJSCIndustrials RAK Properties PJSC Financials Waha Capital PJSCIndustrials United Kingdom 3i Group PLC Financials 888 Holdings PLC Consumer Services Aberdeen Asset Management PLC Financials Admiral Group PLC Financials Aegis Group PLC Consumer Services Afren PLCOil & Gas African Barrick Gold LTDBasic Materials Aggreko PLCIndustrials Albemarle & Bond Holdings Financials Alexon Group PLC Consumer Services Allergy Therapeutics PLC Health Care Allocate Software PLCTechnology AMEC PLCOil & Gas Amlin PLC Financials Anglesey MiningBasic Materials Anglo American PLCBasic Materials Anite PLCTechnology Antofagasta PLCBasic Materials Aquarius Platinum LtdBasic Materials Arena Leisure PLC Consumer Services ARM Holdings PLCTechnology Ashmore Group PLC Financials Ashtead Group PLCIndustrials Associated British Foods PLC Consumer Goods AstraZeneca PLC Health Care Atkins WS PLCIndustrials Aurelian Oil & Gas PLCOil & Gas Autonomy Corp PLCTechnology Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Kesa Electricals PLC Consumer Services Kewill PLCTechnology Kier Group PLCIndustrials Kingfisher PLC Consumer Services Kofax PLCTechnology Ladbrokes PLC Consumer Services Laird PLCIndustrials Lamprell PLCOil & Gas Lancashire Holdings Ltd Financials Land Securities Group PLC Financials Legal & General Group PLC Financials Liontrust Asset Management PLC Financials Lloyds Banking Group PLC Financials LMS Capital PLC/Fund Financials Logica PLCTechnology London Capital Group Holdings PLC Financials London Mining PLCBasic Materials London Stock Exchange Group PLC Financials Lonmin PLCBasic Materials Lonrho PLC Financials Low & Bonar PLCIndustrials Luminar Group Holdings PLC Consumer Services Man Group PLC Financials Manganese Bronze Hldgs PLCIndustrials Marks & Spencer Group PLC Consumer Services Marshalls PLCIndustrials Marston’s PLC Consumer Services Mcbride PLC Consumer Goods Mears Group PLCIndustrials Meggitt PLCIndustrials Melrose PLCIndustrials Melrose Resources PLCOil & Gas Michael Page International PLCIndustrials Micro Focus International PLCTechnology Microgen PLCTechnology Millennium & Copthorne Hotels PLC Consumer Services Misys PLCTechnology Mitchells & Butlers PLC Consumer Services Mitie Group PLCIndustrials Mondi PLCBasic Materials Moneysupermarket.com Group PLC Consumer Services Monitise PLCTelecommunications Morgan Crucible Co PLCIndustrials Morgan Sindall Group PLCIndustrials Mothercare PLC Consumer Services Mouchel Group PLCIndustrials Mucklow A & J Group PLC Financials N Brown Group PLC Consumer Services National Express Group PLC Consumer Services National Grid PLCUtilities Netplay TV PLC Consumer Services Next PLC Consumer Services Northern Foods PLC Consumer Goods Northumbrian Water Group PLCUtilities Novae Group PLC Financials Old Mutual PLC Financials Pace PLCTechnology Paragon Group of Cos PLC Financials PartyGaming PLC Consumer Services Patagonia Gold PLC Consumer Services PayPoint PLCIndustrials Pearson PLC Consumer Services Pendragon PLC Consumer Services Pennon Group PLCUtilities Persimmon PLC Consumer Goods Petrofac LtdOil & Gas Petropavlovsk PLCBasic Materials Photo-Me International PLC Consumer Goods Premier Farnell PLCIndustrials Premier Foods PLC Consumer Goods Premier Oil PLCOil & Gas Produce Investments PLC Financials Promethean World PLCTechnology Prostrakan Group PLC Health Care Provident Financial PLC Financials Prudential PLC Financials Psion PLCTechnology Punch Taverns PLC Consumer Services PV Crystalox Solar PLCOil & Gas PZ Cussons PLC Consumer Goods QinetiQ Group PLCIndustrials Quintain Estates & Development PLC Financials Randgold Resources LtdBasic Materials Rank Group PLC Consumer Services Rathbone Brothers PLC Financials Reckitt Benckiser Group PLC Consumer Goods Record PLC Financials Redrow PLC Consumer Goods Reed Elsevier PLC Consumer Services Regus PLCIndustrials ReNeuron Group PLC Health Care Market value (NOK) 141 754 270 20 157 663 167 584 349 834 863 652 16 271 419 180 250 371 118 922 593 140 961 743 102 336 064 1 267 826 093 374 759 112 7 002 716 3 758 218 824 12 426 312 346 921 121 9 609 965 105 858 649 197 049 318 716 047 125 53 237 024 32 647 491 2 521 604 1 004 409 494 1 400 543 1 298 174 176 14 681 720 80 160 095 47 110 722 61 874 676 494 685 856 185 564 798 11 818 532 204 483 328 122 929 573 23 369 689 295 045 121 88 769 870 169 601 169 97 748 286 305 834 140 97 894 341 72 344 718 78 817 682 26 536 736 64 546 676 45 562 129 3 570 049 73 235 844 229 808 178 4 879 079 010 4 528 294 517 915 431 41 490 866 207 220 931 96 433 401 416 424 390 83 697 937 110 824 620 72 801 514 74 850 346 16 442 016 1 135 186 608 35 736 705 306 191 494 229 264 911 782 471 813 312 847 017 78 480 089 122 343 216 53 467 856 566 375 035 9 859 770 49 607 091 47 605 169 189 010 591 6 760 399 332 25 935 986 215 298 545 60 442 544 103 342 128 200 449 297 34 399 308 426 356 654 57 937 606 105 507 856 4 137 829 557 3 506 021 175 056 974 1 001 074 637 74 923 739 13 617 758 1.85% 2.75% 3.54% 1.47% 0.69% 1.78% 2.83% 2.41% 1.33% 2.70% 0.73% 2.67% 0.92% 1.11% 1.82% 2.76% 3.25% 0.95% 1.98% 2.77% 2.43% 1.75% 1.99% 0.89% 2.44% 0.78% 1.35% 1.52% 2.65% 2.11% 1.32% 0.48% 1.32% 1.69% 2.97% 1.75% 0.74% 1.30% 1.28% 1.78% 2.71% 5.69% 1.31% 0.96% 1.31% 4.16% 0.23% 0.96% 1.97% 2.77% 2.45% 1.57% 1.55% 1.33% 3.96% 0.57% 1.65% 2.26% 0.95% 2.07% 0.75% 1.52% 2.92% 1.47% 2.01% 1.57% 1.60% 3.79% 1.27% 1.27% 2.74% 2.95% 4.15% 2.50% 1.10% 4.37% 2.13% 4.91% 3.07% 0.66% 2.57% 1.73% 0.98% 1.29% 2.44% 1.78% 0.48% 4.60% 1.67% 1.01% 3.74% 1.85% 2.75% 3.54% 1.47% 0.69% 1.78% 2.83% 2.41% 1.33% 2.70% 0.73% 2.67% 0.92% 1.11% 1.82% 2.76% 3.25% 0.95% 1.98% 2.77% 2.43% 1.75% 1.99% 0.89% 2.44% 0.78% 1.35% 1.52% 2.65% 2.11% 1.32% 0.48% 1.32% 1.69% 2.97% 1.75% 0.74% 1.30% 1.28% 1.27% 2.71% 5.69% 1.31% 0.96% 1.31% 4.16% 0.23% 0.96% 1.97% 2.77% 2.45% 1.57% 1.55% 1.33% 3.96% 0.57% 1.65% 2.26% 0.95% 2.07% 0.75% 1.52% 2.92% 1.47% 2.01% 1.57% 1.60% 3.79% 1.27% 1.27% 2.74% 2.95% 4.15% 2.50% 1.10% 4.37% 2.13% 4.91% 3.06% 0.66% 2.57% 1.73% 0.98% 1.29% 2.44% 1.78% 0.48% 4.60% 1.67% 1.01% 3.74% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 36 Government pension fund global ANNUAL REPORT 2010 4.74% 1.53% 0.68% 3.74% 0.76% 0.25% 3.20% 1.95% 1.33% 1.17% 0.58% 1.20% 1.37% 5.08% 1.29% 2.28% 0.55% 1.16% 1.80% 1.15% 4.10% 0.62% 1.29% 1.13% 1.51% 1.74% 1.36% 2.95% 1.36% 1.29% 1.72% 2.88% 1.28% 2.94% 1.41% 1.26% 1.75% 0.40% 1.71% 1.77% 1.28% 3.95% 1.11% 2.87% 1.27% 1.33% 0.93% 2.75% 1.24% 4.12% 0.67% 2.42% 1.55% 0.00% 1.35% 2.02% 2.79% 1.75% 1.80% 2.42% 1.80% 1.24% 2.15% 1.77% 3.60% 0.43% 1.93% 1.27% 1.19% 0.80% 3.26% 1.69% 1.44% 1.22% 1.88% 1.22% 0.93% 4.27% 1.26% 1.91% 2.56% 2.93% 0.94% 2.64% 1.02% 1.36% 1.98% 1.51% 1.32% 0.83% 2.11% Sector Ownership Voting 4.74% 1.53% 0.68% 3.74% 0.76% 0.25% 3.20% 1.95% 1.33% 1.17% 0.58% 1.20% 1.37% 5.08% 1.29% 2.28% 0.55% 1.16% 1.80% 1.15% 4.10% 0.62% 1.29% 1.13% 1.51% 1.70% 1.36% 2.95% 1.36% 1.29% 1.72% 2.88% 1.28% 2.94% 1.41% 1.53% 1.75% 0.40% 1.71% 1.77% 1.28% 3.95% 1.11% 2.87% 1.27% 1.33% 0.93% 2.75% 1.24% 4.12% 0.68% 2.42% 1.55% 0.00% 1.35% 2.02% 2.79% 1.75% 1.80% 2.42% 1.80% 1.24% 2.15% 1.77% 3.60% 0.43% 1.93% 1.27% 1.19% 0.80% 3.26% 1.69% 1.44% 1.22% 1.89% 1.84% 0.93% 4.27% 1.26% 1.91% 2.56% 2.93% 0.94% 2.64% 1.02% 1.36% 1.98% 1.51% 1.32% 0.83% 2.11% Ownership 276 354 016 153 796 203 300 249 489 203 224 447 931 865 000 18 783 624 46 986 484 1 427 989 446 52 338 081 72 953 364 128 503 816 61 271 488 62 502 568 32 787 640 225 227 832 127 880 221 594 628 419 9 879 380 588 821 056 25 495 653 90 603 872 18 814 466 40 819 367 52 975 751 473 363 983 10 177 040 749 70 177 282 118 041 817 139 471 814 122 264 483 73 436 962 121 335 211 112 787 983 361 309 159 378 597 978 12 070 173 62 478 189 100 492 988 34 171 114 288 158 460 30 311 172 52 974 850 34 067 436 11 022 794 130 138 468 46 591 951 108 895 098 393 246 013 163 954 169 50 783 763 132 920 032 53 266 520 217 662 656 360 657 164 79 766 905 21 152 038 874 245 281 832 563 483 649 302 267 849 13 210 483 152 097 779 342 491 721 50 397 716 264 558 805 801 967 440 122 085 389 631 357 767 152 140 569 340 160 687 11 733 910 292 921 599 1 026 371 474 37 994 022 313 163 332 491 947 636 474 820 605 11 805 076 243 362 203 312 383 453 1 221 221 922 6 959 497 67 315 835 116 327 694 150 332 060 50 130 139 365 651 881 786 843 270 10 523 314 1 037 774 032 22 826 412 77 834 053 Voting Elementis PLCBasic Materials EnQuest PLCOil & Gas Ensco PLCOil & Gas Enterprise Inns PLC Consumer Services Eurasian Natural Resources Corp PLCBasic Materials Euromoney Institutional Investor PLC Consumer Services Evolution Group PLC Financials Experian PLCIndustrials F&C Asset Management PLC Financials Fenner PLCIndustrials Ferrexpo PLCBasic Materials Fidessa Group PLCTechnology Filtrona PLCIndustrials Findel PLC Consumer Services Firstgroup PLC Consumer Services Forth Ports PLCIndustrials Fresnillo PLCBasic Materials Future PLC Consumer Services G4S PLCIndustrials Galliford Try PLCIndustrials Game Group PLC Consumer Services Gartmore Group Ltd Financials Gem Diamonds LtdBasic Materials Genus PLC Health Care GKN PLC Consumer Goods GlaxoSmithKline PLC Health Care Go-Ahead Group PLC Consumer Services Grainger PLC Financials Great Portland Estates PLC Financials Greene King PLC Consumer Services Greggs PLC Consumer Services Gulfsands Petroleum PLCOil & Gas Halfords Group PLC Consumer Services Halma PLCIndustrials Hammerson PLC Financials Hampson Industries PLCIndustrials Hansen Transmissions International NVOil & Gas Hargreaves Lansdown PLC Financials Hargreaves Services PLCIndustrials Hays PLCIndustrials Headlam Group PLC Consumer Goods Healthcare Locums PLCIndustrials Helical Bar PLC Financials Helphire PLC Financials Henderson Group PLC Financials Herald Investment Trust PLC Financials Heritage Oil PLCOil & Gas Hikma Pharmaceuticals PLC Health Care Hiscox Ltd Financials HMV Group PLC Consumer Services Hochschild Mining PLCBasic Materials Holidaybreak PLC Consumer Services Home Retail Group PLC Consumer Services Homeserve PLCIndustrials Howden Joinery Group PLCIndustrials HSBC Holdings PLC Financials Hunting PLCOil & Gas ICAP PLC Financials IG Group Holdings PLC Financials IGAS Energy PLCUtilities Imagination Technologies Group PLCTechnology IMI PLCIndustrials Immunodiagnostic Systems Holdings PLC Health Care Inchcape PLC Consumer Services Informa PLC Consumer Services Inmarsat PLCTelecommunications Intercontinental Hotels Group PLC Consumer Services Intermediate Capital Group PLC Financials International Consolidated Airlines Group SA Consumer Services International Ferro Metals LtdBasic Materials International Personal Finance PLC Financials International Power PLCUtilities Interserve PLCIndustrials Intertek Group PLCIndustrials Invensys PLCTechnology Investec PLC Financials Invista Foundation Property Trust Ltd Financials ITE Group PLC Consumer Services ITV PLC Consumer Services J Sainsbury PLC Consumer Services Jacques Vert PLC Consumer Services James Fisher & Sons PLCIndustrials Jardine Lloyd Thompson Group PLC Financials JD Wetherspoon PLC Consumer Services JKX Oil & Gas PLCOil & Gas John Wood Group PLCOil & Gas Johnson Matthey PLCBasic Materials Johnston Press PLC Consumer Services Kazakhmys PLCBasic Materials Kcom Group PLCTelecommunications Keller Group PLCIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 WSP Group PLCIndustrials Xchanging PLCIndustrials Xstrata PLCBasic Materials Yell Group PLC Consumer Services Yule Catto & Co PLCBasic Materials United States 1st Source Corp Financials 3M CoIndustrials 99 Cents Only Stores Consumer Services A Schulman IncBasic Materials A123 Systems IncIndustrials Abaxis Inc Health Care Abbott Laboratories Health Care Abercrombie & Fitch Co Consumer Services ABIOMED Inc Health Care ABM Industries IncIndustrials AboveNet IncTelecommunications Acadia Realty Trust Financials Accenture PLCIndustrials ACCO Brands Corp Consumer Goods Accuray Inc Health Care ACE Ltd Financials Achillion Pharmaceuticals Inc Health Care ACI Worldwide IncTechnology Acme Packet IncTechnology Acorda Therapeutics Inc Health Care Active Power IncIndustrials Activision Blizzard Inc Consumer Goods Actuant CorpIndustrials Acuity Brands IncIndustrials Acxiom Corp Consumer Services Administaff IncIndustrials Adobe Systems IncTechnology ADTRAN IncTechnology Advance America Cash Advance Centers Inc Financials Advance Auto Parts Inc Consumer Services Advanced Energy Industries IncTechnology Advanced Micro Devices IncTechnology Advent Software IncTechnology Advisory Board Co/TheIndustrials Aecom Technology CorpIndustrials Aegean Marine Petroleum Network IncIndustrials AerCap Holdings NVIndustrials Aeropostale Inc Consumer Services Aerovironment IncIndustrials AES Corp/TheUtilities Aetna Inc Health Care Affiliated Managers Group Inc Financials Affymax Inc Health Care Affymetrix Inc Health Care Aflac Inc Financials AGCO CorpIndustrials Agilent Technologies IncIndustrials AGL Resources IncUtilities Air Products & Chemicals IncBasic Materials Aircastle LtdIndustrials Airgas IncBasic Materials AirTran Holdings Inc Consumer Services AK Steel Holding CorpBasic Materials Akamai Technologies IncTechnology Alaska Air Group Inc Consumer Services Alaska Communications Systems Group IncTelecommunications Albany International CorpIndustrials Albemarle CorpBasic Materials Alberto-Culver Co Consumer Goods Alcoa IncBasic Materials Alcon Inc Health Care Alere Inc Health Care Alexander & Baldwin IncIndustrials Alexander’s Inc Financials Alexandria Real Estate Equities Inc Financials Alexion Pharmaceuticals Inc Health Care Align Technology Inc Health Care Alkermes Inc Health Care Alleghany Corp Financials Allegheny Energy IncUtilities Allegheny Technologies IncBasic Materials Allegiant Travel Co Consumer Services Allergan Inc/United States Health Care Allete IncUtilities Alliance Data Systems CorpIndustrials Alliance HealthCare Services Inc Health Care Alliant Energy CorpUtilities Allied Nevada Gold CorpBasic Materials Allied World Assurance Co Holdings Ltd Financials Allis-Chalmers Energy IncOil & Gas Allos Therapeutics Inc Health Care Allscripts Healthcare Solutions IncTechnology Allstate Corp/The Financials Alnylam Pharmaceuticals Inc Health Care Alpha Natural Resources IncBasic Materials Market value (NOK) 25 540 626 34 395 480 5 846 049 908 76 177 385 10 843 317 1.24% 1.26% 1.44% 2.45% 0.17% 1.24% 1.26% 1.44% 2.45% 0.17% 10 425 935 1 818 496 383 19 720 170 26 379 984 40 520 945 10 004 275 2 734 785 214 40 444 471 64 856 534 36 098 274 8 024 687 959 587 1 653 619 015 20 487 013 6 428 592 752 297 117 31 695 854 30 061 575 92 196 564 24 424 716 6 766 597 307 980 202 61 575 544 95 924 475 53 182 910 26 689 374 637 450 803 84 467 545 12 027 506 96 679 048 20 103 505 192 109 672 57 425 780 26 383 745 211 993 250 13 394 713 58 614 374 14 372 413 14 703 375 106 135 685 622 476 989 195 464 708 16 872 708 9 516 398 1 046 829 029 270 540 396 272 449 980 82 612 341 961 564 788 22 459 514 143 299 698 35 848 433 177 711 490 311 068 514 73 189 252 4 694 062 25 938 196 139 657 331 125 212 558 634 226 509 326 440 969 54 244 233 89 480 980 15 226 583 330 185 865 367 398 302 273 933 194 67 349 668 71 588 961 317 421 359 199 420 379 28 776 447 657 027 564 35 916 158 140 028 298 2 221 500 576 070 706 84 639 826 103 940 443 9 925 208 25 007 874 134 984 301 2 115 370 350 6 197 639 667 514 661 0.37% 0.51% 0.30% 0.63% 0.70% 0.29% 0.64% 0.14% 3.07% 0.45% 0.09% 0.02% 0.92% 0.75% 0.28% 0.61% 2.25% 0.58% 0.47% 0.39% 0.59% 0.35% 0.58% 0.67% 0.67% 0.60% 0.70% 0.64% 0.59% 0.30% 0.59% 0.59% 0.66% 0.61% 1.10% 0.46% 0.48% 0.11% 0.43% 0.19% 0.88% 0.66% 1.72% 0.46% 0.68% 0.99% 0.33% 0.51% 0.85% 0.47% 0.47% 0.62% 1.70% 0.62% 0.60% 0.16% 0.31% 0.47% 0.59% 0.69% 0.11% 0.30% 0.93% 0.12% 1.40% 0.87% 3.16% 0.99% 0.46% 1.33% 0.63% 0.53% 0.54% 0.46% 0.65% 0.17% 2.43% 0.62% 0.71% 0.33% 0.89% 0.65% 2.12% 0.26% 1.59% 0.37% 0.51% 0.30% 0.63% 0.70% 0.29% 0.64% 0.14% 3.07% 0.45% 0.09% 0.02% 0.81% 0.75% 0.28% 0.61% 2.25% 0.58% 0.47% 0.39% 0.59% 0.35% 0.58% 0.67% 0.67% 0.60% 0.70% 0.64% 0.59% 0.30% 0.59% 0.59% 0.66% 0.60% 1.10% 0.46% 0.48% 0.11% 0.43% 0.19% 0.88% 0.66% 1.72% 0.46% 0.68% 0.99% 0.33% 0.51% 0.85% 0.47% 0.47% 0.62% 1.70% 0.62% 0.60% 0.16% 0.60% 0.47% 0.59% 0.69% 0.11% 0.30% 0.93% 0.12% 1.40% 0.87% 3.16% 0.99% 0.46% 1.33% 0.63% 0.53% 0.54% 0.46% 0.65% 0.17% 2.43% 0.62% 0.71% 0.33% 0.89% 0.65% 2.12% 0.26% 1.59% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 37 Government pension fund global ANNUAL REPORT 2010 0.71% 1.77% 0.87% 1.34% 1.79% 1.38% 5.81% 1.07% 0.80% 0.21% 2.15% 2.04% 0.19% 1.77% 1.33% 0.17% 1.32% 2.09% 1.83% 1.28% 1.23% 2.76% 1.24% 2.64% 2.37% 1.77% 1.31% 1.37% 3.80% 1.36% 3.10% 1.84% 1.86% 5.82% 0.82% 1.60% 1.32% 0.39% 1.18% 1.34% 4.21% 1.69% 1.24% 0.89% 3.24% 0.52% 1.74% 1.63% 1.65% 0.22% 1.99% 0.32% 0.39% 0.02% 1.21% 0.67% 0.91% 1.31% 1.32% 2.43% 7.34% 2.97% 2.15% 1.83% 1.61% 0.62% 1.36% 2.54% 0.93% 3.28% 1.79% 1.28% 1.78% 2.71% 0.82% 1.47% 1.43% 4.04% 2.50% 1.93% 1.54% 0.00% 1.26% 1.80% 2.75% 3.55% 2.13% 3.06% 1.82% 1.32% 1.77% Sector Ownership Voting 0.71% 1.77% 0.87% 1.34% 1.79% 1.38% 5.81% 1.07% 0.80% 0.21% 2.15% 2.04% 0.36% 1.77% 1.33% 0.17% 1.32% 2.09% 1.83% 1.28% 1.23% 2.76% 1.10% 2.64% 2.37% 1.77% 1.31% 1.37% 3.80% 1.36% 3.10% 1.75% 1.86% 5.82% 0.82% 1.60% 1.32% 0.39% 1.18% 1.34% 4.21% 1.70% 1.24% 0.89% 3.24% 0.52% 1.74% 1.63% 1.65% 0.22% 1.99% 0.32% 0.39% 0.02% 1.21% 0.67% 0.91% 1.31% 1.32% 2.43% 7.34% 2.97% 2.15% 1.83% 1.61% 0.62% 1.36% 2.54% 0.93% 3.28% 1.79% 1.28% 1.78% 2.71% 0.82% 1.47% 1.43% 4.04% 2.50% 1.94% 1.54% 0.00% 1.26% 1.80% 2.75% 3.55% 2.13% 3.06% 1.82% 1.32% 1.77% Ownership 57 505 888 282 965 495 268 124 109 67 009 438 475 464 976 110 174 627 84 711 745 24 204 480 17 579 680 18 217 525 2 304 645 344 293 906 004 743 109 120 21 403 338 968 60 686 827 65 895 978 4 297 169 201 46 472 751 601 389 436 48 126 428 56 934 082 13 650 519 559 110 576 2 739 888 676 109 200 139 341 973 999 71 954 790 34 104 954 1 212 818 882 125 657 257 140 865 097 1 449 218 636 129 031 709 49 505 319 6 825 260 878 696 450 587 286 508 7 606 461 135 608 331 185 649 674 56 004 985 230 158 216 112 701 114 25 131 628 272 868 768 61 312 865 52 409 238 227 006 694 6 065 883 553 98 905 499 80 727 828 11 138 332 36 737 891 1 108 156 53 195 366 89 438 594 121 357 302 287 050 930 121 055 114 58 962 507 622 064 168 84 842 071 6 671 119 059 271 684 591 373 893 076 2 448 562 22 183 907 61 575 509 232 601 227 246 054 410 1 827 296 925 14 071 011 29 197 593 287 499 389 4 419 315 150 41 678 164 219 237 737 1 482 340 399 282 568 047 15 214 869 418 525 474 676 91 669 346 82 203 892 518 785 281 299 717 656 68 356 172 1 381 425 426 93 984 510 964 719 594 32 602 713 1 605 495 509 Voting Renishaw PLCIndustrials Rentokil Initial PLCIndustrials Resolution Ltd Financials Restaurant Group PLC Consumer Services Rexam PLCIndustrials Rightmove PLC Consumer Services RM PLCTechnology Robert Walters PLCIndustrials Robert Wiseman Dairies PLC Consumer Goods Rockhopper Exploration PLCOil & Gas Rolls-Royce Group PLCIndustrials Rotork PLCIndustrials Royal Bank of Scotland Group PLC Financials Royal Dutch Shell PLCOil & Gas RPS Group PLCIndustrials RSA Insurance Group PLC Financials SABMiller PLC Consumer Goods Safestore Holdings PLC Financials Sage Group PLC/TheTechnology Salamander Energy PLCOil & Gas Savills PLC Financials Scapa Group PLC Financials Schroders PLC Financials Scottish & Southern Energy PLCUtilities SDL PLCTechnology Segro PLC Financials Senior PLCIndustrials Severfield-Rowen PLCIndustrials Severn Trent PLCUtilities Shaftesbury PLC Financials Shanks Group PLCIndustrials Shire PLC Health Care SIG PLCIndustrials Sinclair Pharma PLC Health Care Sirius Petroleum PLC Consumer Services Smith & Nephew PLC Health Care Smiths Group PLCIndustrials Smiths News PLCIndustrials Soco International PLCOil & Gas Spectris PLCIndustrials Speedy Hire PLCIndustrials Spirax-Sarco Engineering PLCIndustrials Spirent Communications PLCTechnology Sportingbet PLC Consumer Services Sports Direct International PLC Consumer Services St James’s Place PLC Financials ST Modwen Properties PLC Financials Stagecoach Group PLC Consumer Services Standard Chartered PLC Financials Standard Life PLC Financials Sthree PLCIndustrials Stobart Group LtdIndustrials SuperGroup PLC Consumer Goods SVG Capital PLC Financials Synergy Health PLC Health Care TalkTalk Telecom Group PLCTelecommunications Talvivaara Mining Co PLCBasic Materials Tate & Lyle PLC Consumer Goods Taylor Wimpey PLC Consumer Goods Ted Baker PLC Consumer Services Telecity Group PLCTechnology Telecom Plus PLCTelecommunications Tesco PLC Consumer Services Thomas Cook Group PLC Consumer Services Travis Perkins PLCIndustrials Trifast PLCIndustrials Trinity Mirror PLC Consumer Services TT electronics PLCIndustrials TUI Travel PLC Consumer Services Tullett Prebon PLC Financials Tullow Oil PLCOil & Gas UK Coal PLCBasic Materials UK Mail Group PLCIndustrials Ultra Electronics Holdings PLCIndustrials Unilever PLC Consumer Goods Unite Group PLC Financials United Business Media Ltd Consumer Services United Utilities Group PLCUtilities Victrex PLCBasic Materials Vodafone Group PLCTelecommunications Weir Group PLC/TheIndustrials Wellstream Holdings PLCOil & Gas WH Smith PLC Consumer Services Whitbread PLC Consumer Services William Hill PLC Consumer Services Wincanton PLCIndustrials WM Morrison Supermarkets PLC Consumer Services Wolfson Microelectronics PLCTechnology Wolseley PLCIndustrials Workspace Group PLC Financials WPP PLC Consumer Services Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Artio Global Investors Inc Financials Aruba Networks IncTechnology ArvinMeritor IncIndustrials Asbury Automotive Group Inc Consumer Services Ascena Retail Group Inc Consumer Services Ascent Media Corp Consumer Services Ashford Hospitality Trust Inc Financials Ashland IncBasic Materials AsiaInfo-Linkage IncTechnology Aspen Insurance Holdings Ltd Financials Associated Banc-Corp Financials Assurant Inc Financials Assured Guaranty Ltd Financials Astec Industries IncIndustrials Astoria Financial Corp Financials AT&T IncTelecommunications athenahealth IncTechnology Atheros Communications IncTechnology Atlantic Tele-Network IncTelecommunications Atlas Air Worldwide Holdings IncIndustrials Atlas Energy IncOil & Gas Atmel CorpTechnology ATMI IncTechnology Atmos Energy CorpUtilities ATP Oil & Gas Corp/United StatesOil & Gas Atwood Oceanics IncOil & Gas Autodesk IncTechnology Autoliv Inc Consumer Goods Automatic Data Processing IncIndustrials AutoNation Inc Consumer Services AutoZone Inc Consumer Services Auxilium Pharmaceuticals Inc Health Care Avago Technologies LtdTechnology AvalonBay Communities Inc Financials AVEO Pharmaceuticals Inc Health Care Avery Dennison CorpBasic Materials Avid Technology Inc Consumer Services Avis Budget Group Inc Consumer Services Avista CorpUtilities Avnet IncIndustrials Avon Products Inc Consumer Goods AVX CorpIndustrials Axis Capital Holdings Ltd Financials AZZ IncIndustrials Babcock & Wilcox Co/TheIndustrials Badger Meter IncIndustrials Baker Hughes IncOil & Gas Balchem CorpBasic Materials Baldor Electric CoIndustrials Baldwin & Lyons Inc Financials Ball CorpIndustrials Bally Technologies Inc Consumer Services Bancfirst Corp Financials BancorpSouth Inc Financials Bank Mutual Corp Financials Bank of America Corp Financials Bank of Hawaii Corp Financials Bank of New York Mellon Corp/The Financials Bank of the Ozarks Inc Financials Barnes & Noble Inc Consumer Services Barnes Group IncIndustrials Basic Energy Services IncOil & Gas Baxter International Inc Health Care BB&T Corp Financials BE Aerospace IncIndustrials Beacon Roofing Supply Inc Consumer Services Bebe Stores Inc Consumer Services Beckman Coulter Inc Health Care Becton Dickinson and Co Health Care Bed Bath & Beyond Inc Consumer Services Belden IncIndustrials Belo Corp Consumer Services Bemis Co IncIndustrials Benchmark Electronics IncIndustrials Beneficial Mutual Bancorp Inc Financials Berkshire Hathaway Inc Financials Berry Petroleum CoOil & Gas Best Buy Co Inc Consumer Services BGC Partners Inc Financials Big 5 Sporting Goods Corp Consumer Services Big Lots Inc Consumer Services Biglari Holdings Inc Consumer Services Bill Barrett CorpOil & Gas Biogen Idec Inc Health Care BioMarin Pharmaceutical Inc Health Care BioMed Realty Trust Inc Financials Bio-Rad Laboratories Inc Health Care Bio-Reference Labs Inc Health Care BJ’s Restaurants Inc Consumer Services BJ’s Wholesale Club Inc Consumer Services Black Box CorpIndustrials Market value (NOK) 261 489 844 58 932 659 66 654 602 10 844 404 9 543 989 20 838 880 7 558 100 145 037 446 81 201 210 577 655 246 90 474 668 138 821 600 116 349 537 26 773 010 49 068 599 6 198 838 582 112 142 556 96 930 733 3 911 931 51 983 233 107 483 607 211 979 134 19 949 039 24 032 865 21 133 442 98 643 214 310 450 834 257 185 543 831 675 029 31 506 441 262 728 495 86 098 488 124 744 705 469 925 970 32 160 718 172 619 354 21 594 549 56 878 474 32 297 518 177 799 813 346 256 239 36 818 256 142 819 880 18 277 673 160 538 593 76 757 267 878 200 769 37 914 331 106 504 736 8 001 482 225 537 264 83 140 115 7 805 230 46 829 267 9 135 186 5 102 416 663 79 233 151 1 694 254 773 22 898 952 689 558 30 518 353 53 970 672 814 652 030 848 490 928 288 400 194 15 270 460 5 450 131 139 648 819 342 388 439 295 978 440 120 570 121 22 180 498 132 066 421 43 244 722 18 492 634 5 131 366 484 71 017 353 334 417 717 18 653 701 4 612 429 39 003 308 17 234 050 249 231 389 443 976 721 430 292 983 33 016 340 35 605 005 17 119 968 39 297 698 40 663 337 23 330 585 5.09% 0.49% 0.59% 0.31% 0.08% 0.68% 0.23% 0.62% 1.13% 4.53% 0.59% 0.58% 0.62% 0.63% 0.62% 0.61% 1.37% 0.65% 0.11% 0.62% 0.54% 0.65% 0.55% 0.15% 0.42% 0.70% 0.61% 0.00% 0.63% 0.13% 0.38% 1.47% 0.31% 0.84% 1.07% 0.64% 0.56% 0.61% 0.44% 0.61% 0.48% 0.24% 0.55% 0.63% 0.92% 1.99% 0.61% 0.68% 0.62% 0.00% 0.65% 0.63% 0.21% 0.61% 0.72% 0.65% 0.60% 0.78% 0.53% 0.01% 0.46% 1.37% 0.48% 0.80% 1.31% 0.32% 0.19% 0.46% 0.30% 0.40% 1.20% 0.26% 0.64% 0.67% 0.44% 0.48% 0.51% 0.42% 0.12% 0.24% 0.29% 0.50% 2.25% 0.48% 2.68% 0.23% 0.08% 0.48% 0.70% 0.27% 0.59% 5.09% 0.49% 0.59% 0.31% 0.08% 0.65% 0.23% 0.62% 1.13% 4.53% 0.59% 0.58% 0.62% 0.63% 0.62% 0.61% 1.37% 0.65% 0.11% 0.62% 0.54% 0.65% 0.55% 0.15% 0.42% 0.70% 0.61% 0.00% 0.63% 0.13% 0.38% 1.47% 0.31% 0.84% 1.07% 0.64% 0.56% 0.61% 0.44% 0.61% 0.48% 0.24% 0.55% 0.63% 0.92% 1.99% 0.61% 0.68% 0.62% 0.39% 0.65% 0.63% 0.21% 0.60% 0.72% 0.65% 0.60% 0.78% 0.53% 0.01% 0.46% 1.37% 0.48% 0.80% 1.31% 0.32% 0.19% 0.46% 0.30% 0.40% 1.20% 0.52% 0.64% 0.67% 0.44% 0.37% 0.51% 0.42% 0.17% 0.24% 0.29% 0.50% 2.25% 0.48% 2.68% 0.23% 0.21% 0.48% 0.70% 0.27% 0.59% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 38 Government pension fund global ANNUAL REPORT 2010 0.73% 0.61% 0.57% 0.47% 2.16% 0.71% 1.72% 0.01% 0.64% 0.45% 0.63% 0.55% 0.47% 0.07% 0.23% 0.59% 0.23% 0.16% 0.12% 1.76% 0.61% 0.44% 0.28% 0.59% 0.06% 0.28% 0.19% 0.66% 0.42% 0.47% 0.60% 1.48% 0.74% 0.10% 3.31% 0.46% 0.51% 0.84% 0.02% 0.24% 0.74% 0.63% 0.77% 0.49% 0.63% 0.77% 0.51% 0.79% 0.29% 1.81% 0.11% 0.54% 0.61% 2.26% 0.34% 0.58% 0.62% 0.39% 0.02% 0.65% 0.12% 0.57% 0.55% 0.00% 0.95% 0.25% 0.55% 0.52% 0.71% 0.60% 0.79% 0.70% 0.66% 2.72% 1.25% 0.63% 0.65% 1.33% 0.69% 0.62% 0.61% 0.60% 0.65% 0.62% 0.28% 0.65% 0.61% 0.49% 0.60% 0.24% 0.58% Sector Ownership Voting 0.73% 0.61% 0.57% 0.48% 2.16% 0.71% 1.72% 0.01% 0.64% 0.45% 0.63% 0.55% 0.47% 0.07% 0.09% 0.59% 0.23% 0.16% 0.12% 1.76% 0.61% 0.44% 0.28% 0.34% 0.06% 0.28% 0.19% 0.66% 0.42% 0.47% 0.60% 1.48% 0.74% 0.10% 3.31% 0.46% 0.51% 0.84% 0.02% 0.24% 0.74% 0.63% 0.77% 0.49% 0.63% 0.77% 0.51% 0.79% 0.29% 1.81% 0.11% 0.54% 0.61% 2.26% 0.34% 0.58% 0.62% 0.39% 0.02% 0.65% 0.12% 0.28% 0.55% 0.00% 0.95% 0.25% 0.55% 0.00% 0.71% 0.60% 0.79% 0.70% 0.66% 2.72% 1.25% 0.63% 0.65% 1.33% 0.69% 0.62% 0.61% 0.60% 0.65% 0.62% 0.28% 0.65% 0.61% 0.49% 0.60% 0.24% 0.58% Ownership 470 140 193 88 517 170 24 101 360 11 668 059 47 887 150 3 349 210 511 533 181 306 18 307 8 102 933 25 474 548 194 072 856 30 928 737 51 932 369 27 202 120 8 056 784 31 296 853 28 482 705 16 751 231 19 263 403 1 770 266 374 26 198 870 1 329 769 005 56 794 984 30 705 180 130 123 671 23 075 690 24 725 055 25 839 614 11 520 931 9 384 321 26 907 617 55 223 764 62 182 827 118 335 293 851 954 828 9 276 939 64 371 134 694 533 787 11 688 335 12 924 232 30 426 281 229 174 216 2 316 657 446 38 521 827 336 073 622 115 792 855 19 181 262 10 853 020 17 278 150 223 337 054 7 753 875 1 191 820 724 396 547 760 83 179 028 24 619 072 22 528 408 73 261 014 252 518 629 1 854 094 178 277 006 6 055 317 55 116 316 80 831 990 1 219 654 173 2 396 311 270 44 472 589 12 159 038 176 244 109 12 282 157 017 47 691 186 859 337 891 28 083 985 122 165 995 488 283 868 81 226 604 157 254 835 36 004 649 439 834 513 775 043 166 21 762 000 7 365 208 40 816 172 82 591 355 25 079 999 40 173 704 52 451 865 140 650 089 8 726 645 33 239 654 11 558 292 104 423 330 Voting Altera CorpTechnology Alterra Capital Holdings Ltd Financials Altisource Portfolio Solutions SA Financials AM Castle & CoIndustrials AMAG Pharmaceuticals Inc Health Care Amazon.com Inc Consumer Services AMB Property Corp Financials Ambac Financial Group Inc Financials Ambassadors Group Inc Consumer Services AMCOL International CorpBasic Materials Amdocs LtdTechnology Amedisys Inc Health Care Amerco Inc Consumer Services Ameren CorpUtilities Ameresco IncIndustrials American Axle & Manufacturing Holdings IncConsumer Goods American Campus Communities Inc Financials American Capital Agency Corp Financials American Eagle Outfitters Inc Consumer Services American Electric Power Co IncUtilities American Equity Investment Life Holding CoFinancials American Express Co Financials American Financial Group Inc/OH Financials American Greetings Corp Consumer Services American International Group Inc Financials American Medical Systems Holdings Inc Health Care American National Insurance Co Financials American Public Education Inc Consumer Services American Railcar Industries IncIndustrials American Reprographics CoIndustrials American Science & Engineering IncIndustrials American States Water CoUtilities American Superconductor CorpIndustrials American Tower CorpTelecommunications American Water Works Co IncUtilities American Woodmark CorpIndustrials AMERIGROUP Corp Health Care Ameriprise Financial Inc Financials AmerisourceBergen Corp Consumer Services Ameristar Casinos Inc Consumer Services Ameron International CorpIndustrials AMETEK IncIndustrials Amgen Inc Health Care Amkor Technology IncTechnology Amphenol CorpIndustrials AMR Corp Consumer Services Amsurg Corp Health Care Amtech Systems IncTechnology Amtrust Financial Services Inc Financials Amylin Pharmaceuticals Inc Health Care Amyris IncOil & Gas Anadarko Petroleum CorpOil & Gas Analog Devices IncTechnology Analogic Corp Health Care Ancestry.com Inc Consumer Services Andersons Inc/The Consumer Goods Anixter International IncIndustrials Annaly Capital Management Inc Financials AnnTaylor Stores Corp Consumer Services ANSYS IncTechnology Anworth Mortgage Asset Corp Financials AO Smith CorpIndustrials AOL IncTechnology AON Corp Financials Apache CorpOil & Gas Apartment Investment & Management Co Financials Apogee Enterprises IncIndustrials Apollo Group Inc Consumer Services Apple IncTechnology Applied Industrial Technologies IncIndustrials Applied Materials IncTechnology Applied Micro Circuits CorpTechnology Aptargroup IncIndustrials Aqua America IncUtilities Arbitron Inc Consumer Services Arch Capital Group Ltd Financials Arch Chemicals IncBasic Materials Arch Coal IncBasic Materials Archer-Daniels-Midland Co Consumer Goods Ardea Biosciences Inc Health Care Arena Pharmaceuticals Inc Health Care Argo Group International Holdings Ltd Financials Ariba IncTechnology Arkansas Best CorpIndustrials Armstrong World Industries IncIndustrials Arris Group IncTechnology Arrow Electronics IncIndustrials Arrow Financial Corp Financials Art Technology Group IncTechnology Arthrocare Corp Health Care Arthur J Gallagher & Co Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Cavium Networks IncTechnology CB Richard Ellis Group Inc Financials Cbeyond IncTelecommunications CBIZ IncIndustrials CBL & Associates Properties Inc Financials CBS Corp Consumer Services CDI CorpIndustrials CEC Entertainment Inc Consumer Services Cedar Shopping Centers Inc Financials Celanese CorpBasic Materials Celera Corp Health Care Celgene Corp Health Care Cell Therapeutics Inc Health Care Centene Corp Health Care CenterPoint Energy IncUtilities Central European Distribution Corp Consumer Goods Central European Media Enterprises Ltd Consumer Services Central Garden and Pet Co Consumer Goods Central Vermont Public Service CorpUtilities Century Aluminum CoBasic Materials CenturyLink IncTelecommunications Cenveo IncIndustrials Cephalon Inc Health Care Cepheid Inc Health Care Ceradyne IncIndustrials Cerner CorpTechnology CF Industries Holdings IncBasic Materials CH Energy Group IncUtilities CH Robinson Worldwide IncIndustrials Charles River Laboratories International Inc Health Care Charles Schwab Corp/The Financials Charming Shoppes Inc Consumer Services Chart Industries IncOil & Gas Check Point Software Technologies LtdTechnology Checkpoint Systems IncIndustrials Cheesecake Factory Inc/The Consumer Services Chemed Corp Consumer Services Chemical Financial Corp Financials Chemtura Corp/NewBasic Materials Chesapeake Energy CorpOil & Gas Chevron CorpOil & Gas Chico’s FAS Inc Consumer Services Childrens Place Retail Stores Inc/The Consumer Services Chimera Investment Corp Financials China Fire & Security Group IncIndustrials China Yuchai International LtdIndustrials Chipotle Mexican Grill Inc Consumer Services Chiquita Brands International Inc Consumer Goods Choice Hotels International Inc Consumer Services Christopher & Banks Corp Consumer Services Chubb Corp Financials Church & Dwight Co Inc Consumer Goods Churchill Downs Inc Consumer Services Ciber IncTechnology Ciena CorpTechnology CIGNA Corp Health Care Cimarex Energy CoOil & Gas Cincinnati Bell IncTelecommunications Cincinnati Financial Corp Financials Cinemark Holdings Inc Consumer Services Cintas CorpIndustrials CIRCOR International IncIndustrials Cirrus Logic IncTechnology Cisco Systems IncTechnology CIT Group Inc Financials Citigroup Inc Financials Citizens & Northern Corp Financials Citizens Inc/TX Financials Citizens Republic Bancorp Inc Financials Citrix Systems IncTechnology City Holding Co Financials City National Corp/CA Financials CKX Inc Consumer Services CLARCOR IncIndustrials Clayton Williams Energy IncOil & Gas Clean Energy Fuels Corp Consumer Services Clean Harbors IncIndustrials Clear Channel Outdoor Holdings Inc Consumer Services Clearwater Paper CorpBasic Materials Clearwire CorpTechnology Cleco CorpUtilities Cliffs Natural Resources IncBasic Materials Clorox Co Consumer Goods CME Group Inc Financials CMS Energy CorpUtilities CNA Financial Corp Financials CNA Surety Corp Financials CNO Financial Group Inc Financials Coach Inc Consumer Goods Cobalt International Energy IncOil & Gas CoBiz Financial Inc Financials Market value (NOK) 61 952 335 115 341 903 11 605 278 12 320 701 33 445 125 352 442 750 5 920 839 32 816 915 3 620 489 266 551 702 5 729 479 1 804 559 312 3 285 076 38 528 822 64 243 091 98 164 129 34 261 188 24 893 104 8 441 695 33 606 552 1 029 662 615 14 532 529 363 381 083 25 844 812 28 752 570 325 175 427 580 038 975 22 905 206 518 047 047 36 667 078 509 825 219 8 799 901 34 087 476 343 832 108 33 184 850 66 274 091 57 232 568 23 050 454 75 328 721 336 171 698 6 460 311 626 107 007 998 1 829 873 62 473 893 2 991 963 20 489 278 496 570 457 26 411 477 84 657 658 5 468 235 1 291 149 778 297 565 111 16 142 025 8 810 128 73 186 256 454 379 366 227 004 670 20 896 775 179 184 989 57 704 288 146 295 491 17 976 304 43 890 637 4 292 399 163 117 800 777 7 018 337 397 4 629 633 12 047 882 1 984 173 454 429 052 18 893 012 113 010 417 9 922 729 77 654 372 11 289 677 7 873 072 75 010 422 21 655 937 32 101 801 22 508 136 37 578 608 523 919 758 327 107 443 742 548 003 753 506 502 18 210 633 13 483 077 59 968 058 1 003 932 232 36 616 797 5 782 684 0.63% 0.30% 0.42% 0.69% 0.24% 0.00% 0.29% 0.71% 0.15% 0.72% 0.19% 1.12% 0.19% 0.51% 0.17% 1.04% 0.22% 0.40% 0.51% 0.40% 1.27% 0.75% 1.35% 0.32% 0.63% 0.71% 1.04% 0.51% 0.67% 0.31% 0.43% 0.37% 0.60% 0.61% 0.70% 0.63% 0.68% 0.65% 0.00% 0.34% 0.61% 0.86% 0.02% 0.26% 0.28% 0.30% 1.30% 0.72% 0.64% 0.43% 1.22% 1.04% 0.39% 0.46% 0.64% 0.79% 0.52% 0.64% 0.60% 0.51% 0.62% 0.43% 0.68% 0.66% 0.21% 0.88% 0.44% 0.56% 0.14% 0.61% 0.58% 0.61% 0.45% 0.62% 0.19% 0.14% 0.58% 0.00% 0.61% 0.01% 0.35% 0.85% 0.64% 0.59% 2.85% 0.04% 0.22% 0.61% 1.05% 0.14% 0.44% 0.63% 0.30% 0.42% 0.69% 0.24% 0.47% 0.29% 0.71% 0.15% 0.72% 0.19% 1.12% 0.19% 0.51% 0.17% 1.04% 0.45% 0.68% 0.51% 0.40% 1.27% 0.75% 1.35% 0.32% 0.63% 0.71% 1.04% 0.51% 0.67% 0.31% 0.43% 0.37% 0.60% 0.61% 0.70% 0.63% 0.68% 0.65% 0.85% 0.34% 0.61% 0.86% 0.02% 0.26% 0.28% 0.30% 1.30% 0.72% 0.64% 0.43% 1.22% 1.04% 0.39% 0.46% 0.64% 0.79% 0.52% 0.64% 0.60% 0.51% 0.62% 0.43% 0.68% 0.66% 0.21% 0.88% 0.44% 0.56% 0.14% 0.61% 0.58% 0.61% 0.45% 0.62% 0.19% 0.14% 0.58% 0.07% 0.61% 0.08% 0.35% 0.85% 0.64% 0.59% 2.85% 0.04% 0.22% 0.61% 1.05% 0.14% 0.44% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 39 Government pension fund global ANNUAL REPORT 2010 0.43% 0.63% 0.52% 5.14% 0.59% 0.64% 0.02% 0.50% 0.61% 0.64% 0.17% 0.65% 0.52% 1.62% 0.57% 2.05% 0.59% 0.55% 0.20% 0.24% 0.32% 0.68% 0.52% 0.65% 0.64% 0.63% 0.49% 0.74% 0.60% 0.65% 0.33% 0.61% 1.19% 0.54% 0.54% 0.59% 0.02% 0.40% 0.13% 0.64% 0.59% 0.45% 0.01% 0.82% 0.44% 0.65% 1.33% 0.11% 0.42% 0.61% 0.67% 0.64% 0.65% 0.66% 1.73% 2.77% 0.56% 0.52% 0.63% 0.60% 2.15% 0.64% 0.41% 0.57% 0.81% 0.90% 0.49% 0.48% 0.48% 0.44% 0.18% 0.46% 0.74% 0.10% 0.46% 0.71% 0.67% 0.44% 0.62% 0.50% 0.39% 0.63% 1.02% 0.34% 0.62% 0.23% 0.64% 0.55% 0.82% 0.62% 0.19% Sector Ownership Voting 0.43% 0.63% 0.52% 7.49% 0.59% 0.64% 0.02% 0.50% 0.61% 0.64% 0.17% 0.65% 0.52% 1.62% 0.57% 2.05% 0.59% 0.00% 0.20% 0.24% 0.32% 0.68% 0.52% 0.65% 0.65% 0.63% 0.49% 0.74% 0.31% 0.65% 0.33% 0.61% 1.19% 0.54% 0.54% 0.59% 0.02% 0.00% 0.13% 0.64% 0.59% 0.45% 0.01% 0.82% 0.44% 0.65% 1.33% 0.11% 0.16% 0.61% 0.67% 0.64% 0.65% 0.66% 1.73% 2.77% 0.56% 0.52% 0.63% 0.60% 2.15% 0.64% 0.22% 0.57% 0.81% 0.90% 0.49% 0.48% 0.48% 0.44% 0.18% 0.46% 0.74% 0.10% 0.46% 0.71% 0.67% 0.44% 0.62% 0.50% 0.53% 0.63% 1.02% 0.34% 0.62% 0.23% 0.64% 0.55% 0.82% 0.62% 0.13% Ownership 29 484 894 41 722 448 42 558 852 10 886 840 418 25 933 559 47 766 336 739 936 8 182 744 298 486 550 37 016 896 35 693 321 310 621 861 15 210 476 1 138 299 251 380 897 086 109 184 189 18 805 572 54 945 675 18 002 334 38 900 011 18 421 638 39 450 498 96 236 077 22 287 751 72 272 493 45 358 191 1 289 607 764 73 643 869 782 573 780 103 560 586 4 704 347 87 423 715 178 820 274 19 960 586 18 685 539 116 278 124 699 565 232 566 955 19 960 852 61 918 909 26 717 821 21 551 359 1 022 828 346 941 693 20 303 082 356 941 793 963 653 160 9 756 987 245 801 480 87 983 123 37 195 930 146 915 447 61 430 963 85 136 477 47 935 122 27 422 692 17 513 877 8 454 537 30 965 225 14 698 289 97 090 507 19 476 391 18 029 324 196 364 481 173 971 383 645 044 369 330 392 306 14 706 206 30 908 616 5 540 124 203 004 481 61 990 037 72 380 246 5 006 933 63 618 451 548 857 747 65 287 392 148 161 552 87 202 411 207 872 715 862 984 578 64 539 115 78 388 600 33 996 112 18 586 288 21 202 492 40 622 718 66 525 150 2 842 293 897 47 043 011 9 051 801 Voting Black Hills CorpUtilities Blackbaud IncTechnology Blackboard IncTechnology BlackRock Inc Financials Blount International Inc Consumer Goods Blue Coat Systems IncTechnology Blue Nile Inc Consumer Services Blyth Inc Consumer Goods BMC Software IncTechnology Bob Evans Farms Inc/DE Consumer Services BOK Financial Corp Financials BorgWarner Inc Consumer Goods Boston Private Financial Holdings Inc Financials Boston Properties Inc Financials Boston Scientific Corp Health Care Boyd Gaming Corp Consumer Services BPZ Resources IncOil & Gas Brady CorpIndustrials Brandywine Realty Trust Financials BRE Properties Inc Financials Bridgepoint Education Inc Consumer Services Briggs & Stratton Corp Consumer Goods Brigham Exploration CoOil & Gas Brightpoint IncTechnology Brinker International Inc Consumer Services Brink’s Co/TheIndustrials Bristol-Myers Squibb Co Health Care Bristow Group IncOil & Gas Broadcom CorpTechnology Broadridge Financial Solutions IncIndustrials Broadwind Energy IncIndustrials Brocade Communications Systems IncTechnology Brookdale Senior Living Inc Health Care Brookline Bancorp Inc Financials Brooks Automation IncTechnology Brown & Brown Inc Financials Brown Shoe Co Inc Consumer Services Brown-Forman Corp Consumer Goods Bruker Corp Health Care Brunswick Corp/DE Consumer Goods Brush Engineered Materials IncIndustrials Buckeye Technologies IncBasic Materials Buckle Inc/The Consumer Services Bucyrus International IncIndustrials Buffalo Wild Wings Inc Consumer Services Bunge Ltd Consumer Goods CA IncTechnology Cabela’s Inc Consumer Services Cablevision Systems Corp Consumer Services Cabot CorpBasic Materials Cabot Microelectronics CorpTechnology Cabot Oil & Gas CorpOil & Gas CACI International IncTechnology Cadence Design Systems IncTechnology Cadence Pharmaceuticals Inc Health Care Cadiz IncUtilities Cal Dive International IncOil & Gas Calamos Asset Management Inc Financials Calgon Carbon CorpBasic Materials California Pizza Kitchen Inc Consumer Services California Water Service GroupUtilities Callaway Golf Co Consumer Goods Cal-Maine Foods Inc Consumer Goods Calpine CorpUtilities Camden Property Trust Financials Cameron International CorpOil & Gas Campbell Soup Co Consumer Goods Canadian Solar IncOil & Gas Capella Education Co Consumer Services Capital City Bank Group Inc Financials Capital One Financial Corp Financials CapitalSource Inc Financials Capitol Federal Financial Inc Financials Capstead Mortgage Corp Financials CARBO Ceramics IncOil & Gas Cardinal Health Inc Consumer Services Career Education Corp Consumer Services CareFusion Corp Health Care Carlisle Cos IncIndustrials CarMax Inc Consumer Services Carnival Corp Consumer Services Carpenter Technology CorpBasic Materials Carrizo Oil & Gas IncOil & Gas Carter’s Inc Consumer Goods Cascade CorpIndustrials Casey’s General Stores Inc Consumer Services Cash America International Inc Financials Catalyst Health Solutions Inc Health Care Caterpillar IncIndustrials Cathay General Bancorp Financials Cato Corp/The Consumer Services Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 CSG Systems International IncTechnology CSX CorpIndustrials CTC Media Inc Consumer Services CTS CorpIndustrials Cubic CorpIndustrials Cubist Pharmaceuticals Inc Health Care Cullen/Frost Bankers Inc Financials Cummins IncIndustrials Curtiss-Wright CorpIndustrials CVB Financial Corp Financials CVR Energy IncOil & Gas CVS Caremark Corp Consumer Services Cyberonics Inc Health Care Cymer IncTechnology Cypress Semiconductor CorpTechnology Cytec Industries IncBasic Materials Daktronics IncIndustrials Dana Holding Corp Consumer Goods Danaher CorpIndustrials Darden Restaurants Inc Consumer Services Darling International Inc Consumer Goods DaVita Inc Health Care DCT Industrial Trust Inc Financials DealerTrack Holdings IncTechnology Dean Foods Co Consumer Goods Deckers Outdoor Corp Consumer Goods Deere & CoIndustrials Del Monte Foods Co Consumer Goods Delek US Holdings IncOil & Gas Dell IncTechnology Delphi Financial Group Inc Financials Delta Air Lines Inc Consumer Services Delta Petroleum CorpOil & Gas Deltek IncTechnology Deltic Timber CorpBasic Materials Deluxe CorpIndustrials Denbury Resources IncOil & Gas Dendreon Corp Health Care DENTSPLY International Inc Health Care Developers Diversified Realty Corp Financials Devon Energy CorpOil & Gas DeVry Inc Consumer Services DexCom Inc Health Care DG FastChannel Inc Consumer Services Diamond Foods Inc Consumer Goods Diamond Offshore Drilling IncOil & Gas DiamondRock Hospitality Co Financials Diana Shipping IncIndustrials Dick’s Sporting Goods Inc Consumer Services Diebold IncTechnology Digital Realty Trust Inc Financials Digital River IncTechnology DigitalGlobe IncIndustrials Dillard’s Inc Consumer Services Dime Community Bancshares Inc Financials DineEquity Inc Consumer Services Diodes IncTechnology Dionex CorpIndustrials DIRECTV Consumer Services Discover Financial Services Financials Discovery Communications Inc Consumer Services DISH Network Corp Consumer Services Dolby Laboratories Inc Consumer Services Dollar Financial Corp Financials Dollar General Corp Consumer Services Dollar Thrifty Automotive Group Inc Consumer Services Dollar Tree Inc Consumer Services Dominion Resources Inc/VAUtilities Domino’s Pizza Inc Consumer Services Domtar CorpBasic Materials Donaldson Co IncIndustrials Douglas Emmett Inc Financials Dover CorpIndustrials Dow Chemical Co/TheBasic Materials DPL IncUtilities DR Horton Inc Consumer Goods Dr Pepper Snapple Group Inc Consumer Goods DreamWorks Animation SKG Inc Consumer Services Dresser-Rand Group IncOil & Gas Drew Industries Inc Consumer Goods Dril-Quip IncOil & Gas DryShips IncIndustrials DST Systems IncTechnology DSW Inc Consumer Services DTE Energy CoUtilities DTS Inc/CA Consumer Goods Duke Energy CorpUtilities Duke Realty Corp Financials Dun & Bradstreet Corp Consumer Services DuPont Fabros Technology Inc Financials Dycom Industries IncTechnology Market value (NOK) 22 722 428 1 201 402 751 105 063 408 12 117 958 34 596 981 32 102 548 129 863 161 1 287 414 192 54 090 121 34 084 185 19 445 130 2 129 142 008 11 361 120 51 506 323 111 948 481 244 636 121 21 888 877 269 582 270 970 167 981 251 537 140 38 763 892 370 966 059 11 013 304 20 071 749 53 577 766 112 542 948 1 008 665 727 138 357 230 4 128 632 990 117 025 48 885 157 540 892 846 5 509 616 5 184 116 25 319 809 47 545 289 593 357 171 117 001 468 90 416 043 51 161 922 1 450 427 700 289 206 074 114 183 378 33 132 019 46 642 038 146 839 348 23 488 522 26 482 383 33 061 064 75 757 691 63 967 019 54 093 913 39 707 952 7 244 728 16 290 920 36 464 328 34 079 064 67 598 024 1 031 297 678 382 729 354 269 896 179 47 534 223 130 432 196 21 599 096 88 005 708 49 180 141 342 813 479 90 861 844 29 729 208 174 764 827 155 016 532 216 560 597 229 642 579 865 221 525 51 883 408 140 613 503 294 103 021 135 311 765 111 985 678 14 816 604 90 958 907 58 227 370 63 736 671 753 623 102 658 646 29 547 233 30 725 025 153 590 205 147 565 215 39 377 989 19 750 371 0.61% 0.85% 0.49% 0.55% 0.47% 0.44% 0.60% 1.02% 0.61% 0.64% 0.26% 0.78% 0.22% 0.66% 0.63% 1.61% 0.57% 1.91% 0.54% 0.67% 0.61% 0.94% 0.16% 0.42% 0.57% 0.63% 0.49% 0.65% 0.18% 0.65% 0.27% 0.94% 0.44% 0.18% 0.62% 0.69% 1.34% 0.40% 0.32% 0.24% 0.74% 1.48% 2.32% 0.70% 0.69% 0.27% 0.22% 0.47% 0.04% 0.62% 0.24% 0.68% 0.47% 0.06% 0.56% 0.70% 0.49% 0.57% 0.53% 0.65% 0.10% 0.02% 0.05% 0.00% 0.14% 0.62% 0.84% 0.06% 0.53% 0.00% 0.60% 1.82% 0.36% 0.38% 0.29% 0.64% 0.63% 0.33% 0.56% 0.51% 0.51% 0.49% 0.53% 0.00% 0.23% 0.60% 0.02% 0.84% 0.62% 0.53% 0.66% 0.61% 0.85% 0.49% 0.55% 0.47% 0.44% 0.60% 1.02% 0.61% 0.64% 0.26% 0.78% 0.22% 0.66% 0.62% 1.61% 0.57% 1.91% 0.54% 0.67% 0.61% 0.94% 0.16% 0.42% 0.57% 0.63% 0.49% 0.65% 0.18% 0.65% 0.54% 0.94% 0.44% 0.18% 0.62% 0.69% 1.34% 0.40% 0.32% 0.24% 0.74% 1.48% 2.32% 0.70% 0.69% 0.27% 0.22% 0.47% 0.13% 0.62% 0.24% 0.68% 0.47% 0.05% 0.56% 0.70% 0.49% 0.57% 0.53% 0.65% 0.28% 0.09% 0.30% 0.00% 0.14% 0.62% 0.84% 0.06% 0.53% 0.00% 0.60% 1.82% 0.36% 0.38% 0.29% 0.64% 0.63% 0.94% 0.56% 0.51% 0.51% 0.49% 0.53% 0.01% 0.23% 0.60% 0.02% 0.84% 0.62% 0.53% 0.66% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 40 Government pension fund global ANNUAL REPORT 2010 0.63% 0.00% 0.88% 0.63% 1.34% 0.63% 0.62% 0.30% 0.15% 0.68% 0.58% 0.65% 0.22% 0.47% 0.64% 0.69% 0.19% 0.65% 0.27% 0.91% 0.59% 0.63% 0.61% 0.60% 0.89% 0.22% 0.64% 0.56% 0.54% 0.54% 0.69% 0.46% 0.44% 0.56% 0.33% 0.60% 0.56% 0.45% 0.67% 0.61% 0.34% 0.64% 1.36% 0.51% 0.62% 0.31% 0.52% 1.72% 0.11% 0.04% 0.65% 0.45% 0.56% 0.17% 0.58% 0.55% 0.21% 0.65% 0.61% 0.31% 0.36% 0.67% 0.44% 0.01% 0.48% 1.95% 0.63% 0.65% 0.65% 0.68% 0.58% 0.24% 0.61% 0.50% 0.65% 0.09% 0.15% 0.52% 1.68% 0.51% 1.05% 0.31% 0.61% 0.62% 0.16% 0.95% 0.64% 0.50% 0.46% 0.44% 0.66% Sector Ownership Voting 0.63% 0.00% 0.88% 0.63% 1.34% 0.63% 0.62% 0.30% 0.15% 0.68% 0.58% 0.65% 0.22% 0.47% 0.64% 0.69% 0.19% 0.65% 0.27% 0.63% 0.59% 0.63% 0.61% 0.60% 0.89% 0.22% 0.64% 0.56% 0.54% 0.54% 0.69% 0.46% 0.44% 0.56% 0.33% 0.60% 0.56% 0.45% 0.67% 0.61% 0.34% 0.64% 1.36% 0.51% 0.62% 0.32% 0.52% 1.72% 0.11% 0.04% 0.65% 0.45% 0.28% 0.17% 0.58% 0.55% 0.21% 0.65% 0.61% 0.31% 0.36% 0.67% 0.00% 0.01% 0.48% 1.95% 0.63% 0.65% 0.65% 0.68% 0.58% 0.24% 0.61% 0.51% 0.65% 0.09% 0.15% 0.52% 1.68% 0.51% 1.05% 0.31% 0.61% 0.62% 0.16% 0.95% 0.64% 0.50% 0.46% 0.44% 0.66% Ownership 5 568 120 966 308 440 904 18 626 814 89 756 952 50 296 885 43 449 317 802 694 209 5 520 248 9 787 480 44 632 562 13 353 393 67 526 044 3 751 144 21 784 393 1 437 799 464 52 824 503 15 427 213 31 125 998 31 391 272 3 190 419 856 256 809 746 18 319 636 122 409 500 66 278 127 23 886 251 23 228 166 110 452 699 30 221 541 107 744 444 13 979 470 49 240 710 78 405 646 22 581 420 75 000 964 9 861 167 267 185 485 83 466 173 18 139 720 45 372 821 27 099 137 29 539 125 371 083 416 33 807 323 264 644 213 97 386 666 13 611 120 3 018 510 155 1 102 667 675 3 527 988 33 235 579 21 298 243 23 619 644 152 915 753 62 412 429 30 576 699 533 230 120 147 130 60 204 081 71 292 609 46 508 505 198 920 461 56 264 810 66 315 254 1 337 500 85 945 396 453 657 917 79 341 375 16 724 128 131 822 559 1 191 018 077 43 625 902 33 176 932 97 496 755 16 758 361 45 120 777 169 327 052 7 337 171 101 084 443 257 963 390 117 155 239 1 378 831 965 152 184 365 45 516 817 86 457 712 15 633 849 395 688 875 55 172 026 7 646 203 11 088 968 327 026 864 204 067 670 Voting Coca-Cola Co/The Consumer Goods Coca-Cola Enterprises Inc Consumer Goods Codexis IncBasic Materials Coeur d’Alene Mines CorpBasic Materials Cogent Communications Group IncTechnology Cognex CorpIndustrials Cognizant Technology Solutions CorpTechnology Cogo Group IncTechnology Cohen & Steers Inc Financials Coherent IncIndustrials Cohu IncTechnology Coinstar IncIndustrials Coldwater Creek Inc Consumer Services Colfax CorpIndustrials Colgate-Palmolive Co Consumer Goods Collective Brands Inc Consumer Services Colonial Properties Trust Financials Columbia Banking System Inc Financials Columbia Sportswear Co Consumer Goods Comcast Corp Consumer Services Comerica Inc Financials Comfort Systems USA IncIndustrials Commerce Bancshares Inc/Kansas City MO Financials Commercial Metals CoBasic Materials Commercial Vehicle Group IncIndustrials CommonWealth REIT Financials CommScope IncIndustrials Community Bank System Inc Financials Community Health Systems Inc Health Care Community Trust Bancorp Inc Financials CommVault Systems IncTechnology Compass Minerals International IncBasic Materials Compellent Technologies IncTechnology Complete Production Services IncOil & Gas Computer Programs & Systems IncTechnology Computer Sciences CorpTechnology Compuware CorpTechnology comScore Inc Consumer Services Comstock Resources IncOil & Gas Comtech Telecommunications CorpTechnology Comverse Technology IncTechnology ConAgra Foods Inc Consumer Goods Conceptus Inc Health Care Concho Resources Inc/Midland TXOil & Gas Concur Technologies IncTechnology CONMED Corp Health Care ConocoPhillipsOil & Gas Consol Energy IncBasic Materials Consolidated Communications Holdings IncTelecommunications Consolidated Edison IncUtilities Consolidated Graphics IncIndustrials Constant Contact Inc Consumer Services Constellation Brands Inc Consumer Goods Constellation Energy Group IncUtilities Contango Oil & Gas CoOil & Gas Contango ORE IncBasic Materials Continental Resources Inc/OKOil & Gas Convergys CorpIndustrials Con-way IncIndustrials Cooper Cos Inc/The Health Care Cooper Industries PLCIndustrials Cooper Tire & Rubber Co Consumer Goods Copa Holdings SA Consumer Services Copano Energy LLCOil & Gas Copart Inc Consumer Services Core Laboratories NVOil & Gas CoreLogic IncIndustrials Corinthian Colleges Inc Consumer Services Corn Products International Inc Consumer Goods Corning IncTechnology Corporate Executive Board Co/TheIndustrials Corporate Office Properties Trust Financials Corrections Corp of AmericaIndustrials Corvel Corp Health Care CoStar Group IncIndustrials Costco Wholesale Corp Consumer Services Cousins Properties Inc Financials Covance Inc Health Care Covanta Holding CorpUtilities Coventry Health Care Inc Health Care Covidien PLC Health Care CR Bard Inc Health Care Cracker Barrel Old Country Store Inc Consumer Services Crane CoIndustrials Credit Acceptance Corp Financials Cree IncTechnology CROCS Inc Consumer Goods Cross Country Healthcare IncIndustrials Crosstex Energy IncOil & Gas Crown Castle International CorpTelecommunications Crown Holdings IncIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Extreme NetworksTechnology Exxon Mobil CorpOil & Gas Ezcorp Inc Financials F5 Networks IncTechnology Factset Research Systems Inc Consumer Services Fair Isaac CorpTechnology Fairchild Semiconductor International IncTechnology Family Dollar Stores Inc Consumer Services Fannie Mae Financials Farmer Bros Co Consumer Goods FARO Technologies IncIndustrials Fastenal CoIndustrials FBL Financial Group Inc Financials Federal Realty Investment Trust Financials Federal Signal CorpIndustrials Federal-Mogul Corp Consumer Goods Federated Investors Inc Financials FedEx CorpIndustrials FEI CoIndustrials Feihe International Inc Consumer Goods FelCor Lodging Trust Inc Financials Ferro CorpBasic Materials Fidelity National Financial Inc Financials Fidelity National Information Services IncIndustrials Fifth Third Bancorp Financials Finisar CorpTechnology Finish Line Inc/The Consumer Services First American Financial Corp Financials First Bancorp/Troy NC Financials First Cash Financial Services Inc Financials First Citizens BancShares Inc/NC Financials First Commonwealth Financial Corp Financials First Community Bancshares Inc/VA Financials First Defiance Financial Corp Financials First Financial Bancorp Financials First Financial Bankshares Inc Financials First Financial Corp/IN Financials First Horizon National Corp Financials First Industrial Realty Trust Inc Financials First Marblehead Corp/The Financials First Midwest Bancorp Inc/IL Financials First Niagara Financial Group Inc Financials First Solar IncOil & Gas FirstEnergy CorpUtilities FirstMerit Corp Financials Fiserv IncIndustrials Flagstone Reinsurance Holdings SA Financials Flextronics International LtdIndustrials FLIR Systems IncIndustrials Flowers Foods Inc Consumer Goods Flowserve CorpIndustrials Fluor CorpIndustrials Flushing Financial Corp Financials FMC CorpBasic Materials FMC Technologies IncOil & Gas FNB Corp/PA Financials Foot Locker Inc Consumer Services Ford Motor Co Consumer Goods Forest City Enterprises Inc Financials Forest Laboratories Inc Health Care Forest Oil CorpOil & Gas Forestar Group Inc Financials Formfactor IncTechnology Forrester Research IncTechnology Fortinet IncTechnology Fortune Brands IncIndustrials Forward Air CorpIndustrials Fossil Inc Consumer Goods Foster Wheeler AGIndustrials Franklin Electric Co IncIndustrials Franklin Resources Inc Financials Franklin Street Properties Corp Financials Fred’s Inc Consumer Services FreightCar America IncIndustrials Fresh Del Monte Produce Inc Consumer Goods Frontier Communications CorpTelecommunications Frontier Oil CorpOil & Gas FTI Consulting IncIndustrials Fuel Systems Solutions Inc Consumer Goods Fulton Financial Corp Financials Furniture Brands International Inc Consumer Goods G&K Services IncIndustrials GAMCO Investors Inc Financials GameStop Corp Consumer Services Gannett Co Inc Consumer Services Gap Inc/The Consumer Services Gardner Denver IncIndustrials Garmin Ltd Consumer Goods Gartner IncTechnology Gasco Energy IncOil & Gas GATX CorpIndustrials Market value (NOK) 8 558 777 11 942 041 483 42 101 384 385 655 424 122 660 829 37 480 999 58 271 898 82 706 007 2 5 179 229 19 797 951 385 267 768 16 188 834 341 508 976 17 192 724 24 299 334 94 398 363 1 114 792 166 40 956 735 4 169 775 7 695 333 43 754 487 145 065 973 308 610 517 437 969 504 87 467 653 1 356 771 55 101 705 7 834 269 33 594 849 47 820 989 28 098 474 8 246 555 10 257 726 41 115 991 41 494 818 11 804 701 98 356 851 5 832 345 4 390 364 30 421 535 104 730 827 1 224 486 739 2 741 085 277 76 323 256 329 787 715 28 019 569 264 263 408 165 427 614 92 749 970 237 365 194 476 577 994 17 505 797 301 704 385 341 443 257 37 657 249 16 699 630 2 399 310 105 160 109 149 563 398 961 430 961 890 8 912 239 14 056 829 20 385 957 42 031 324 404 538 190 29 784 457 86 528 622 498 806 876 22 747 351 785 939 844 17 642 722 9 500 424 14 116 834 46 816 107 185 260 844 43 030 208 64 267 004 14 377 061 74 436 780 9 363 904 20 022 696 8 372 860 32 969 418 38 743 537 107 230 158 130 976 121 168 253 986 87 723 926 1 629 331 57 504 737 0.52% 0.56% 0.54% 0.63% 0.49% 0.69% 0.52% 0.23% 0.00% 0.31% 0.64% 0.75% 0.30% 1.23% 0.69% 0.20% 0.00% 0.65% 0.70% 0.30% 0.19% 0.60% 0.80% 0.64% 0.64% 0.62% 0.02% 0.61% 0.52% 0.62% 0.12% 0.65% 0.53% 1.83% 0.66% 0.67% 0.44% 0.55% 0.17% 0.35% 0.61% 0.62% 1.89% 4.18% 0.61% 0.65% 0.50% 0.76% 0.60% 0.65% 0.61% 0.69% 0.69% 0.90% 0.55% 0.58% 0.09% 0.48% 0.47% 1.06% 1.72% 0.22% 0.54% 0.44% 0.30% 0.76% 0.62% 0.32% 2.02% 0.43% 0.54% 0.27% 0.30% 0.70% 0.54% 0.33% 0.39% 0.64% 0.43% 0.62% 0.57% 0.60% 0.01% 0.16% 0.18% 0.14% 0.62% 0.48% 0.47% 0.68% 0.61% 0.52% 0.56% 0.54% 0.63% 0.49% 0.69% 0.52% 0.23% 0.00% 0.31% 0.64% 0.75% 0.31% 1.23% 0.69% 0.20% 0.60% 0.65% 0.70% 0.30% 0.19% 0.60% 0.80% 0.64% 0.64% 0.62% 0.03% 0.61% 0.52% 0.62% 0.42% 0.65% 0.53% 1.83% 0.66% 0.67% 0.44% 0.55% 0.17% 0.35% 0.61% 0.62% 1.89% 4.18% 0.61% 0.65% 0.50% 0.76% 0.60% 0.65% 0.61% 0.69% 0.69% 0.90% 0.55% 0.58% 0.09% 0.66% 1.05% 1.06% 1.72% 0.22% 0.54% 0.44% 0.30% 0.76% 0.62% 0.32% 2.02% 0.43% 0.54% 0.27% 0.30% 0.70% 0.54% 0.33% 0.39% 0.64% 0.43% 0.62% 0.57% 0.60% 0.11% 0.16% 0.18% 0.14% 0.62% 0.48% 0.47% 0.68% 0.61% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 41 Government pension fund global ANNUAL REPORT 2010 0.02% 0.68% 0.48% 0.66% 0.66% 0.62% 0.18% 0.61% 0.63% 0.42% 0.62% 0.91% 0.44% 0.97% 0.30% 0.60% 0.30% 0.10% 0.15% 0.75% 0.67% 0.40% 0.22% 0.24% 0.43% 0.63% 1.14% 0.57% 0.62% 0.58% 0.66% 0.60% 0.35% 0.46% 0.56% 0.09% 0.57% 0.64% 0.55% 0.64% 0.65% 0.53% 0.20% 0.65% 0.42% 0.51% 0.63% 0.40% 0.71% 0.79% 0.40% 2.28% 0.62% 0.60% 0.67% 0.50% 0.74% 1.09% 0.91% 0.27% 0.46% 0.88% 0.58% 0.55% 1.07% 0.62% 0.63% 0.22% 0.06% 0.65% 0.55% 0.39% 1.60% 0.24% 0.39% 0.62% 0.57% 3.27% 0.74% 0.59% 0.46% 0.38% 0.78% 0.66% 0.92% 0.16% 0.59% 0.80% 0.73% 0.73% 0.20% Sector Ownership Voting 0.02% 0.68% 0.48% 0.66% 0.67% 0.62% 0.18% 0.61% 0.63% 0.42% 0.00% 0.91% 0.44% 0.97% 0.05% 0.60% 0.30% 0.10% 0.15% 0.75% 0.67% 0.40% 0.22% 0.24% 0.43% 0.63% 1.14% 0.57% 0.62% 0.58% 0.66% 0.60% 0.50% 0.46% 0.56% 0.09% 0.57% 0.64% 0.55% 0.64% 0.65% 0.53% 0.20% 0.65% 0.42% 0.51% 0.63% 0.40% 0.71% 0.79% 0.40% 2.28% 0.62% 0.60% 0.67% 0.50% 0.74% 1.09% 0.91% 0.27% 0.46% 0.88% 0.58% 0.55% 1.07% 0.62% 0.63% 0.22% 0.06% 0.65% 0.55% 0.00% 1.60% 0.24% 0.09% 0.62% 0.57% 3.27% 0.74% 0.59% 0.17% 0.38% 0.78% 0.66% 0.92% 0.16% 0.32% 0.80% 0.73% 0.73% 0.20% Ownership 677 792 139 064 667 8 569 045 48 167 837 36 009 145 105 003 844 11 775 794 213 863 150 52 487 452 419 507 928 129 289 676 1 919 167 149 21 011 091 24 087 639 36 963 923 410 193 694 589 188 72 394 375 22 587 677 400 000 165 12 270 704 1 052 319 404 121 235 923 16 360 573 9 701 372 16 381 732 361 409 464 21 675 228 1 449 982 128 21 825 949 1 811 422 192 67 718 256 57 826 140 23 206 389 1 401 334 000 4 938 652 22 890 738 37 468 175 36 241 033 21 032 663 21 834 262 127 371 879 4 155 938 84 621 215 14 925 430 103 480 881 187 324 806 5 351 297 7 942 831 94 706 171 11 488 491 78 866 597 57 326 401 15 549 158 33 436 566 32 199 225 42 359 855 813 383 751 114 083 129 15 871 399 19 327 000 1 186 796 534 21 422 615 16 052 502 415 149 260 158 816 179 137 275 230 21 991 575 6 854 471 561 164 322 11 592 624 84 365 546 93 508 297 50 467 971 356 391 869 74 930 194 18 993 815 168 335 833 201 085 552 10 622 324 12 697 941 91 463 506 40 736 234 1 056 265 893 38 671 995 5 843 472 236 691 511 539 854 241 1 211 338 454 64 223 828 17 849 353 Voting Dynegy IncUtilities E*Trade Financial Corp Financials Eagle Bulk Shipping IncIndustrials Eagle Materials IncIndustrials Earthlink IncTechnology East West Bancorp Inc Financials EastGroup Properties Inc Financials Eastman Chemical CoBasic Materials Eastman Kodak Co Consumer Goods Eaton CorpIndustrials Eaton Vance Corp Financials eBay Inc Consumer Services Ebix IncTechnology Echelon CorpIndustrials EchoStar CorpTechnology Ecolab IncBasic Materials Ecotality IncOil & Gas Edison InternationalUtilities Education Management Corp Consumer Services Edwards Lifesciences Corp Health Care eHealth Inc Financials EI du Pont de Nemours & CoBasic Materials El Paso CorpOil & Gas El Paso Electric CoUtilities Electro Rent CorpIndustrials Electro Scientific Industries IncIndustrials Electronic Arts Inc Consumer Goods Electronics for Imaging IncTechnology Eli Lilly & Co Health Care Elizabeth Arden Inc Consumer Goods EMC Corp/MassachusettsTechnology EMCOR Group IncIndustrials Emergency Medical Services Corp Health Care Emeritus Corp Health Care Emerson Electric CoIndustrials Empire District Electric Co/TheUtilities Employers Holdings Inc Financials Emulex CorpTechnology Enbridge Energy Management LLCOil & Gas Encore Capital Group Inc Financials Encore Wire CorpIndustrials Endo Pharmaceuticals Holdings Inc Health Care Endologix Inc Health Care Endurance Specialty Holdings Ltd Financials Ener1 IncOil & Gas Energen CorpOil & Gas Energizer Holdings Inc Consumer Goods Energy Conversion Devices IncOil & Gas Energy Recovery IncUtilities Energy XXI Bermuda LtdOil & Gas EnergySolutions IncIndustrials EnerNOC IncIndustrials EnerSysIndustrials Ennis IncIndustrials EnPro Industries IncIndustrials Enstar Group Ltd Financials Entegris IncTechnology Entergy CorpUtilities Entertainment Properties Trust Financials Entropic Communications IncTechnology Enzon Pharmaceuticals Inc Health Care EOG Resources IncOil & Gas Epicor Software CorpTechnology EPIQ Systems IncTechnology EQT CorpOil & Gas Equifax Inc Financials Equinix IncTechnology Equity Lifestyle Properties Inc Financials Equity One Inc Financials Equity Residential Financials eResearchTechnology Inc Health Care Erie Indemnity Co Financials ESCO Technologies IncIndustrials Essex Property Trust Inc Financials Estee Lauder Cos Inc/The Consumer Goods Esterline Technologies CorpIndustrials Ethan Allen Interiors Inc Consumer Goods Euronet Worldwide IncIndustrials Everest Re Group Ltd Financials Exar CorpTechnology Excel Maritime Carriers LtdIndustrials EXCO Resources IncOil & Gas Exelixis Inc Health Care Exelon CorpUtilities Exide Technologies Consumer Goods ExlService Holdings IncIndustrials Expedia Inc Consumer Services Expeditors International of Washington IncIndustrials Express Scripts Inc Health Care Exterran Holdings IncOil & Gas Extra Space Storage Inc Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Health Management Associates Inc Health Care Health Net Inc Health Care Healthcare Realty Trust Inc Financials Healthcare Services Group Inc Health Care Healthsouth Corp Health Care Healthspring Inc Health Care Healthways Inc Health Care Heartland Express IncIndustrials Heartland Payment Systems IncIndustrials HeartWare International Inc Health Care Heckmann Corp Consumer Goods Hecla Mining CoBasic Materials HEICO CorpIndustrials Heidrick & Struggles International IncIndustrials Helen of Troy Ltd Consumer Goods Helix Energy Solutions Group IncOil & Gas Helmerich & Payne IncOil & Gas Henry Schein Inc Health Care Herbalife Ltd Consumer Goods Hercules Offshore IncOil & Gas Here Media Inc Consumer Services Herman Miller Inc Consumer Goods Hersha Hospitality Trust Financials Hershey Co/The Consumer Goods Hertz Global Holdings Inc Consumer Services Hess CorpOil & Gas Hewlett-Packard CoTechnology Hexcel CorpIndustrials HFF Inc Financials hhgregg Inc Consumer Goods Hibbett Sports Inc Consumer Services Highwoods Properties Inc Financials Hillenbrand Inc Consumer Services Hill-Rom Holdings Inc Health Care Hilltop Holdings Inc Financials Hittite Microwave CorpTechnology HJ Heinz Co Consumer Goods HMS Holdings Corp Health Care HNI Corp Consumer Goods Holly CorpOil & Gas Hologic Inc Health Care Home Bancshares Inc/AR Financials Home Depot Inc Consumer Services Home Properties Inc Financials Horace Mann Educators Corp Financials Hormel Foods Corp Consumer Goods Hornbeck Offshore Services IncOil & Gas Hospira Inc Health Care Hospitality Properties Trust Financials Host Hotels & Resorts Inc Financials HOT Topic Inc Consumer Services Hovnanian Enterprises Inc Consumer Goods HSN Inc Consumer Services HUB Group IncIndustrials Hubbell IncIndustrials Hudson City Bancorp Inc Financials Hudson Pacific Properties Inc Financials Hughes Communications IncTechnology Human Genome Sciences Inc Health Care Humana Inc Health Care Huntington Bancshares Inc/OH Financials Huntsman CorpBasic Materials Huron Consulting Group IncIndustrials Hyatt Hotels Corp Consumer Services IAC/InterActiveCorpTechnology Iberiabank Corp Financials Iconix Brand Group Inc Consumer Goods ICU Medical Inc Health Care IDACORP IncUtilities IDEX CorpIndustrials IDEXX Laboratories Inc Health Care iGate CorpTechnology IHS Inc Consumer Services II-VI IncIndustrials Illinois Tool Works IncIndustrials Illumina Inc Health Care Imation CorpTechnology Immucor Inc Health Care Immunogen Inc Health Care Impax Laboratories Inc Health Care Incyte Corp Ltd Health Care Independent Bank Corp/Rockland MA Financials Indiana Community Bancorp Financials Infinera CorpTechnology Infinity Property & Casualty Corp Financials Informatica CorpTechnology Infospace IncTechnology Ingersoll-Rand PLCIndustrials Ingram Micro IncTechnology Inland Real Estate Corp Financials Innerworkings IncIndustrials Market value (NOK) 111 860 864 105 883 474 15 141 133 35 161 272 153 933 855 35 297 976 9 995 952 39 509 877 21 558 134 156 991 572 73 598 132 107 212 841 35 844 416 18 517 095 24 603 698 55 977 094 185 599 575 146 035 633 150 049 336 14 514 148 106 241 55 330 649 12 672 937 292 950 288 219 424 318 1 848 246 713 3 432 546 691 63 905 455 7 645 607 11 631 528 2 590 505 30 757 927 47 605 247 43 848 131 11 369 168 56 845 964 434 081 814 52 237 122 53 994 242 177 961 348 93 009 145 14 013 596 2 278 304 394 27 566 797 26 605 703 187 744 360 17 927 310 517 928 006 29 107 512 547 394 826 7 597 304 8 334 192 9 257 734 47 535 598 116 301 492 236 852 405 18 816 457 14 720 241 216 730 886 277 487 235 173 620 239 184 632 473 18 058 220 33 746 213 82 856 538 58 280 043 49 586 458 8 119 856 28 643 092 84 985 826 71 458 622 19 822 959 137 609 627 55 385 272 694 123 912 248 523 049 11 511 533 23 147 005 15 167 533 35 192 936 217 698 778 24 116 279 3 890 507 39 187 386 24 211 282 155 691 849 9 168 290 1 581 637 941 90 295 429 10 446 160 6 614 760 0.80% 0.70% 0.19% 0.56% 1.37% 0.40% 0.45% 0.47% 0.63% 2.22% 2.31% 0.64% 0.48% 0.63% 0.46% 0.75% 0.62% 0.44% 0.64% 0.63% 0.00% 0.66% 0.20% 0.14% 0.63% 1.23% 0.64% 0.62% 0.39% 0.24% 0.04% 0.23% 0.63% 0.30% 0.35% 0.52% 0.47% 0.50% 0.66% 1.41% 0.33% 0.38% 0.68% 0.23% 0.64% 0.47% 0.56% 0.96% 0.18% 0.79% 0.47% 0.17% 0.09% 0.47% 0.17% 0.61% 0.97% 0.29% 0.83% 0.52% 0.50% 0.85% 0.54% 0.01% 0.38% 0.63% 0.61% 0.28% 0.27% 0.46% 0.31% 0.31% 0.46% 0.66% 0.45% 0.54% 0.50% 0.29% 0.41% 0.47% 1.84% 0.72% 1.15% 0.64% 0.54% 0.65% 0.53% 1.78% 0.52% 0.23% 0.38% 0.80% 0.70% 0.19% 0.56% 1.37% 0.40% 0.45% 0.47% 0.63% 2.22% 2.31% 0.64% 0.43% 0.63% 0.46% 0.75% 0.62% 0.44% 0.64% 0.63% 0.00% 0.66% 0.20% 0.47% 0.63% 1.23% 0.64% 0.62% 0.25% 0.24% 0.04% 0.23% 0.63% 0.30% 0.35% 0.52% 0.47% 0.50% 0.66% 1.41% 0.33% 0.38% 0.68% 0.23% 0.64% 0.47% 0.56% 0.96% 0.18% 0.79% 0.47% 0.45% 0.09% 0.62% 0.55% 0.61% 0.97% 0.29% 0.83% 0.52% 0.50% 0.85% 0.54% 0.07% 0.54% 0.63% 0.61% 0.28% 0.27% 0.46% 0.31% 0.31% 0.46% 0.66% 0.45% 0.54% 0.50% 0.29% 0.41% 0.47% 1.84% 0.72% 1.15% 0.64% 0.54% 0.65% 0.53% 1.78% 0.52% 0.23% 0.38% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 42 Government pension fund global ANNUAL REPORT 2010 0.67% 1.56% 0.67% 0.53% 0.62% 0.01% 0.85% 0.71% 0.65% 2.78% 0.57% 0.17% 0.43% 0.59% 0.47% 0.73% 0.65% 0.49% 0.64% 1.40% 0.74% 0.63% 0.66% 0.20% 0.21% 0.25% 0.47% 0.68% 0.60% 0.59% 0.50% 0.36% 0.46% 0.65% 0.28% 0.89% 0.60% 0.43% 2.68% 0.60% 0.59% 0.09% 0.60% 0.66% 0.55% 0.49% 0.61% 0.19% 0.32% 2.21% 0.64% 0.64% 0.35% 0.50% 0.34% 0.42% 0.03% 0.16% 1.81% 0.01% 0.63% 0.60% 0.34% 0.68% 0.76% 0.33% 0.67% 0.81% 0.23% 0.66% 0.65% 0.32% 0.61% 0.49% 1.28% 0.34% 0.00% 0.60% 0.61% 0.65% 0.45% 2.41% 0.64% 0.20% 0.31% 0.65% 0.63% 0.61% 0.56% 0.60% 0.29% Sector Ownership Voting 0.67% 1.56% 0.67% 0.33% 0.62% 0.01% 0.85% 0.71% 0.65% 2.79% 0.37% 0.17% 0.43% 0.59% 0.47% 0.73% 0.65% 0.49% 0.64% 1.40% 0.74% 0.63% 0.66% 0.20% 0.21% 0.25% 0.47% 0.68% 0.60% 0.59% 0.50% 0.08% 0.46% 0.65% 0.28% 0.94% 0.60% 0.43% 2.68% 0.20% 0.59% 0.09% 0.60% 0.66% 0.55% 0.49% 0.61% 0.19% 0.32% 2.21% 0.64% 0.64% 0.36% 0.19% 0.00% 0.42% 0.03% 0.16% 1.81% 0.01% 0.63% 0.60% 0.34% 0.68% 0.76% 0.33% 0.67% 0.81% 0.23% 0.66% 0.65% 0.32% 0.61% 0.49% 1.28% 0.34% 0.00% 0.60% 0.61% 0.65% 0.45% 2.41% 0.64% 0.20% 0.31% 0.65% 0.63% 0.61% 0.56% 0.60% 0.29% Ownership 66 250 525 46 404 368 71 009 300 18 537 554 6 984 854 597 12 146 963 14 337 267 932 265 431 2 099 596 828 143 367 976 73 194 923 5 976 016 72 790 278 11 407 157 91 190 099 119 938 286 157 260 090 22 438 139 301 020 991 521 813 004 798 510 332 57 848 647 35 705 139 7 372 320 11 590 706 8 364 405 11 300 274 1 169 849 868 37 608 961 7 112 107 22 906 315 13 171 738 21 183 017 138 080 982 20 926 937 4 706 405 599 386 517 846 16 678 552 448 205 250 6 668 726 008 18 719 873 5 637 574 82 883 449 92 463 345 61 918 549 25 632 572 37 897 348 14 555 816 218 626 337 919 724 20 975 067 162 276 740 49 772 464 28 165 435 57 815 977 19 417 423 1 936 743 14 534 403 144 495 718 2 131 618 14 844 690 27 707 444 19 315 152 16 087 762 159 727 653 29 573 701 44 871 565 1 745 910 939 10 658 023 49 033 529 92 336 183 12 968 856 74 513 077 131 077 256 609 338 366 19 536 950 119 282 311 33 660 821 206 001 594 85 795 226 21 229 642 1 652 751 219 240 725 677 16 402 414 38 648 668 19 254 009 37 007 633 119 230 915 439 830 610 9 658 190 119 198 156 Voting Gaylord Entertainment Co Consumer Services Genco Shipping & Trading LtdIndustrials General Cable CorpIndustrials General Communication IncTelecommunications General Electric CoIndustrials General Growth Properties Inc Financials General Maritime CorpIndustrials General Mills Inc Consumer Goods General Motors Co Consumer Goods Genesco Inc Consumer Services Genesee & Wyoming IncIndustrials Genomic Health Inc Health Care GenOn Energy IncUtilities Genoptix Inc Health Care Genpact LtdIndustrials Gen-Probe Inc Health Care Gentex Corp Consumer Goods Gentiva Health Services Inc Health Care Genuine Parts Co Consumer Goods Genworth Financial Inc Financials Genzyme Corp Health Care Geo Group Inc/TheIndustrials GeoEye IncIndustrials Geron Corp Health Care Getty Realty Corp Financials GFI Group Inc Financials Gibraltar Industries IncIndustrials Gilead Sciences Inc Health Care Glacier Bancorp Inc Financials Global Cash Access Holdings IncIndustrials Global Crossing LtdTelecommunications Global Indemnity Plc Financials Global Industries LtdOil & Gas Global Payments IncIndustrials Globe Specialty Metals IncBasic Materials Goldman Sachs Group Inc/The Financials Goodrich CorpIndustrials Goodrich Petroleum CorpOil & Gas Goodyear Tire & Rubber Co/The Consumer Goods Google IncTechnology Gorman-Rupp Co/TheIndustrials Government Properties Income Trust Financials Graco IncIndustrials GrafTech International LtdIndustrials Gran Tierra Energy IncOil & Gas Grand Canyon Education Inc Consumer Services Granite Construction IncIndustrials Graphic Packaging Holding CoIndustrials Great Atlantic & Pacific Tea Co Consumer Services Great Plains Energy IncUtilities Greatbatch IncIndustrials Green Mountain Coffee Roasters Inc Consumer Goods Greenhill & Co Inc Financials Greenlight Capital Re Ltd Financials Greif IncIndustrials Griffon CorpIndustrials Group 1 Automotive Inc Consumer Services GSI Commerce Inc Consumer Services GT Solar International IncOil & Gas Guess? Inc Consumer Services Gulf Island Fabrication IncOil & Gas Gulfmark Offshore IncOil & Gas Gulfport Energy CorpOil & Gas H&E Equipment Services IncIndustrials H&R Block Inc Consumer Services Haemonetics Corp Health Care Hain Celestial Group Inc/The Consumer Goods Halliburton CoOil & Gas Halozyme Therapeutics Inc Health Care Hancock Holding Co Financials Hanesbrands Inc Consumer Goods Hanger Orthopedic Group Inc Health Care Hanover Insurance Group Inc/The Financials Hansen Natural Corp Consumer Goods Harley-Davidson Inc Consumer Goods Harleysville Group Inc Financials Harman International Industries Inc Consumer Goods Harmonic IncTechnology Harris CorpTechnology Harsco CorpIndustrials Harte-Hanks Inc Consumer Services Hartford Financial Services Group Inc Financials Hasbro Inc Consumer Goods Hatteras Financial Corp Financials Hawaiian Electric Industries IncUtilities Haynes International IncBasic Materials HB Fuller CoBasic Materials HCC Insurance Holdings Inc Financials HCP Inc Financials Headwaters IncIndustrials Health Care REIT Inc Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Kellogg Co Consumer Goods Kelly Services IncIndustrials Kenexa CorpTechnology Kennametal IncIndustrials Key Energy Services IncOil & Gas KeyCorp Financials Kilroy Realty Corp Financials Kimberly-Clark Corp Consumer Goods Kimco Realty Corp Financials Kindred Healthcare Inc Health Care Kinetic Concepts Inc Health Care King Pharmaceuticals Inc Health Care Kirby CorpIndustrials KLA-Tencor CorpTechnology Knight Capital Group Inc Financials Knight Transportation IncIndustrials Knightsbridge Tankers LtdIndustrials Knoll Inc Consumer Goods Knology Inc Consumer Services Knot Inc/The Consumer Services Kohl’s Corp Consumer Services Kopin CorpTechnology Koppers Holdings IncBasic Materials Korn/Ferry InternationalIndustrials Kraft Foods Inc Consumer Goods Kraton Performance Polymers IncBasic Materials Kroger Co/The Consumer Services K-Swiss Inc Consumer Goods L-1 Identity Solutions IncIndustrials Laboratory Corp of America Holdings Health Care Laclede Group Inc/TheUtilities Ladish Co IncIndustrials Lam Research CorpTechnology Lamar Advertising Co Consumer Services Lancaster Colony Corp Consumer Goods Landauer IncIndustrials Landstar System IncIndustrials Las Vegas Sands Corp Consumer Services LaSalle Hotel Properties Financials Lattice Semiconductor CorpTechnology Lawson Software IncTechnology Layne Christensen CoIndustrials Leap Wireless International IncTelecommunications Lear Corp Consumer Goods Lear Corp/Old Consumer Goods Legg Mason Inc Financials Leggett & Platt Inc Consumer Goods Lender Processing Services IncIndustrials Lennar Corp Consumer Goods Lennox International IncIndustrials Leucadia National CorpTelecommunications Level 3 Communications IncTelecommunications Lexicon Pharmaceuticals Inc Health Care Lexington Realty Trust Financials Lexmark International IncTechnology LHC Group Inc Health Care Liberty Global Inc Consumer Services Liberty Media Corp Consumer Services Liberty Property Trust Financials Life Technologies Corp Health Care Life Time Fitness Inc Consumer Services LifePoint Hospitals Inc Health Care Ligand Pharmaceuticals Inc Health Care Lincare Holdings Inc Health Care Lincoln Educational Services CorpIndustrials Lincoln Electric Holdings IncIndustrials Lincoln National Corp Financials Lindsay CorpIndustrials Linear Technology CorpTechnology Linn Energy LLCOil & Gas Lions Gate Entertainment Corp Consumer Services Littelfuse IncIndustrials Live Nation Entertainment Inc Consumer Services Liz Claiborne Inc Consumer Goods LKQ Corp Consumer Goods Loews Corp Financials LogMeIn IncTechnology Loral Space & Communications IncTechnology Louisiana-Pacific CorpIndustrials Lowe’s Cos Inc Consumer Services LSI CorpTechnology LTC Properties Inc Financials Ltd Brands Inc Consumer Services Lubrizol CorpBasic Materials Lufkin Industries IncOil & Gas Lululemon Athletica Inc Consumer Goods Lumber Liquidators Holdings Inc Consumer Services Luminex Corp Health Care M&F Worldwide CorpIndustrials M&T Bank Corp Financials Macerich Co/The Financials Market value (NOK) 412 327 207 23 641 318 15 559 617 420 388 207 233 506 295 312 206 733 77 805 191 900 483 379 97 531 106 17 035 090 84 372 458 84 561 978 120 655 560 229 674 216 30 719 004 42 857 039 19 887 575 29 041 757 18 037 962 10 788 043 1 166 618 701 9 200 321 25 878 279 35 721 680 1 743 045 039 18 981 819 911 976 879 12 236 100 38 489 866 410 375 925 26 094 719 30 233 512 220 454 819 24 677 257 43 930 254 18 374 118 74 545 238 693 643 495 22 992 641 23 442 321 41 827 291 23 056 835 752 519 119 637 020 764 197 747 520 126 831 201 571 247 989 243 623 781 96 614 880 150 298 455 1 823 580 6 882 986 10 348 220 101 190 363 13 171 764 199 740 353 624 594 374 265 199 091 511 027 211 29 596 435 60 815 016 2 370 260 79 941 677 11 611 381 99 828 270 231 335 257 25 059 373 271 495 183 3 373 910 26 773 401 36 605 168 73 570 556 25 949 136 122 327 574 273 786 450 22 841 247 47 148 236 45 123 641 1 292 213 161 125 711 410 12 280 460 513 803 789 245 545 731 63 637 122 378 725 354 50 627 487 14 794 704 10 051 090 436 484 053 92 699 739 0.38% 0.00% 0.54% 2.23% 2.19% 0.69% 0.70% 0.60% 0.23% 0.40% 0.48% 0.41% 0.88% 0.61% 0.39% 0.46% 0.65% 0.64% 0.54% 0.55% 1.26% 0.59% 0.61% 0.57% 0.54% 0.34% 1.10% 0.16% 0.59% 0.79% 0.55% 0.68% 0.60% 0.14% 0.47% 0.56% 0.64% 0.38% 0.21% 0.56% 0.48% 0.59% 0.01% 0.41% 0.01% 0.61% 0.65% 3.65% 0.48% 0.66% 0.36% 0.02% 0.24% 0.15% 0.64% 0.40% 0.14% 0.45% 1.25% 0.85% 0.30% 0.54% 0.23% 0.53% 0.58% 0.62% 0.45% 0.58% 0.60% 0.01% 0.52% 0.60% 0.64% 0.66% 0.64% 0.29% 0.37% 0.51% 0.62% 0.64% 0.59% 0.29% 0.89% 0.60% 0.58% 1.32% 1.28% 0.33% 0.39% 0.72% 0.26% 0.38% 0.59% 0.54% 2.23% 2.19% 0.69% 0.70% 0.60% 0.23% 0.40% 0.48% 0.41% 0.88% 0.61% 0.39% 0.46% 0.65% 0.64% 0.54% 0.55% 1.26% 0.59% 0.60% 0.57% 0.54% 0.34% 1.10% 0.48% 0.59% 0.79% 0.55% 0.68% 0.60% 0.12% 0.47% 0.56% 0.64% 0.38% 0.20% 0.56% 0.48% 0.59% 0.01% 0.41% 0.01% 0.61% 0.65% 3.65% 1.21% 0.66% 0.36% 0.02% 0.24% 0.15% 0.64% 0.40% 0.41% 0.59% 1.25% 0.85% 0.30% 0.54% 0.23% 0.53% 0.58% 0.62% 0.45% 0.58% 0.60% 0.01% 0.52% 0.60% 0.64% 0.66% 0.64% 0.29% 0.37% 0.35% 0.62% 0.64% 0.59% 0.29% 0.89% 0.60% 0.58% 1.32% 1.28% 0.33% 0.39% 0.72% 0.26% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 43 Government pension fund global ANNUAL REPORT 2010 0.49% 0.63% 0.00% 0.54% 0.71% 0.78% 0.24% 0.25% 0.72% 0.43% 0.62% 0.39% 0.67% 0.64% 0.56% 0.44% 0.41% 1.77% 0.00% 0.43% 0.63% 0.58% 0.61% 0.65% 0.70% 0.67% 0.36% 1.38% 0.28% 0.72% 0.52% 0.73% 0.73% 0.49% 0.29% 0.96% 0.69% 0.30% 0.20% 0.84% 0.49% 0.23% 0.63% 1.05% 0.24% 0.28% 0.33% 0.65% 1.43% 0.68% 0.67% 0.26% 2.70% 0.43% 0.65% 0.62% 0.63% 0.66% 0.60% 0.69% 0.61% 0.58% 0.63% 0.46% 0.02% 0.61% 0.61% 0.45% 0.56% 0.64% 0.06% 0.61% 0.53% 0.48% 0.37% 0.65% 0.30% 0.02% 1.00% 0.85% 0.98% 0.71% 0.49% 0.57% 0.61% 0.17% 1.03% 0.63% 0.60% 0.43% 0.16% Sector Ownership Voting 0.49% 0.64% 0.00% 0.54% 0.71% 0.78% 0.24% 0.25% 0.72% 0.43% 0.62% 0.39% 0.67% 0.64% 0.56% 0.44% 0.41% 1.77% 0.00% 0.43% 0.63% 0.58% 0.61% 0.65% 0.70% 0.67% 0.13% 1.38% 0.28% 0.72% 0.52% 0.73% 0.73% 0.49% 0.22% 0.96% 0.69% 0.30% 0.20% 0.84% 0.49% 0.23% 0.63% 0.18% 0.24% 0.28% 0.33% 0.65% 1.43% 0.68% 0.67% 0.26% 2.70% 0.43% 0.65% 0.62% 0.63% 0.66% 0.60% 0.69% 0.61% 0.58% 0.63% 0.46% 0.02% 0.61% 0.61% 0.45% 0.56% 0.64% 0.06% 0.61% 0.22% 0.48% 0.37% 0.65% 0.30% 0.02% 1.00% 0.85% 0.98% 0.71% 0.49% 0.57% 0.61% 0.17% 1.03% 0.63% 0.60% 0.43% 0.16% Ownership 22 019 865 17 935 062 3 19 161 907 42 785 072 31 564 288 9 421 554 19 726 592 43 063 904 94 326 106 4 223 216 556 16 882 093 339 968 394 68 555 464 32 462 266 19 338 941 18 141 880 210 136 713 137 34 205 714 6 653 561 745 52 865 650 158 171 850 199 884 042 482 587 802 79 702 553 26 404 861 270 934 724 84 433 510 79 059 831 27 752 453 118 289 639 650 868 965 286 093 898 16 397 504 618 150 075 27 316 317 25 919 859 8 130 002 63 454 467 18 068 905 19 590 493 181 992 393 64 311 996 13 944 227 5 546 231 13 936 620 118 791 000 186 788 520 380 478 729 78 758 911 16 788 387 432 639 687 22 081 387 50 169 755 156 541 147 90 719 739 43 068 263 200 267 238 20 226 769 24 907 741 80 850 975 104 675 891 134 230 622 9 150 459 43 541 972 116 978 745 120 611 481 62 701 077 290 791 517 5 158 024 20 090 100 85 073 851 4 763 215 804 559 957 037 51 188 789 62 559 402 1 304 213 523 403 349 8 176 603 107 1 098 370 307 36 792 239 27 498 067 24 896 793 174 755 490 18 541 360 81 195 263 43 283 214 159 968 420 24 991 403 5 457 135 Voting Innophos Holdings IncBasic Materials Innospec IncBasic Materials InPhonic Inc Consumer Services Insight Enterprises IncTechnology Insituform Technologies IncIndustrials Inspire Pharmaceuticals Inc Health Care Insulet Corp Health Care Integra LifeSciences Holdings Corp Health Care Integrated Device Technology IncTechnology Integrys Energy Group IncUtilities Intel CorpTechnology Interactive Brokers Group Inc Financials IntercontinentalExchange Inc Financials InterDigital Inc/PATechnology Interface Inc Consumer Goods Interline Brands IncIndustrials Intermec IncTechnology InterMune Inc Health Care International Assets Holding Corp Financials International Bancshares Corp Financials International Business Machines CorpTechnology International Coal Group IncBasic Materials International Flavors & Fragrances IncBasic Materials International Game Technology Consumer Services International Paper CoBasic Materials International Rectifier CorpTechnology International Speedway Corp Consumer Services InterOil CorpOil & Gas Interpublic Group of Cos Inc/The Consumer Services Intersil CorpTechnology Interval Leisure Group Inc Consumer Services Intrepid Potash IncBasic Materials Intuit IncTechnology Intuitive Surgical Inc Health Care Invacare Corp Health Care Invesco Ltd Financials Investment Technology Group Inc Financials Investors Bancorp Inc Financials Investors Real Estate Trust Financials ION Geophysical CorpOil & Gas IPC The Hospitalist Co Inc Health Care IPG Photonics CorpIndustrials Iron Mountain IncIndustrials Ironwood Pharmaceuticals Inc Health Care Isis Pharmaceuticals Inc Health Care Isle of Capri Casinos Inc Consumer Services iStar Financial Inc Financials ITC Holdings CorpUtilities Itron IncIndustrials ITT CorpIndustrials ITT Educational Services Inc Consumer Services IxiaTechnology J Crew Group Inc Consumer Services J&J Snack Foods Corp Consumer Goods j2 Global Communications IncTechnology Jabil Circuit IncIndustrials Jack Henry & Associates IncIndustrials Jack in the Box Inc Consumer Services Jacobs Engineering Group IncIndustrials Jakks Pacific Inc Consumer Goods James River Coal CoBasic Materials Janus Capital Group Inc Financials Jarden Corp Consumer Goods JB Hunt Transport Services IncIndustrials JC Penney Co Inc Consumer Services JDA Software Group IncTechnology JDS Uniphase CorpTechnology Jefferies Group Inc Financials JetBlue Airways Corp Consumer Services JM Smucker Co/The Consumer Goods Jo-Ann Stores Inc Consumer Services John Bean Technologies CorpIndustrials John Wiley & Sons Inc Consumer Services Johnson & Johnson Health Care Johnson Controls Inc Consumer Goods Jones Group Inc/The Consumer Goods Jones Lang LaSalle Inc Financials JOS A Bank Clothiers Inc Consumer Services Joy Global IncIndustrials JPMorgan Chase & Co Financials Juniper Networks IncTechnology K12 Inc Consumer Services Kaiser Aluminum CorpBasic Materials Kaman CorpIndustrials Kansas City SouthernIndustrials KAR Auction Services Inc Consumer Services Kaydon CorpIndustrials KB Home Consumer Goods KBR IncIndustrials KBW Inc Financials Kearny Financial Corp Financials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Mohawk Industries Inc Consumer Goods Molex IncIndustrials Molina Healthcare Inc Health Care Molson Coors Brewing Co Consumer Goods Molycorp IncBasic Materials Momenta Pharmaceuticals Inc Health Care Monolithic Power Systems IncTechnology Monro Muffler Brake Inc Consumer Services Monsanto Co Consumer Goods Monster Worldwide IncIndustrials Montpelier Re Holdings Ltd Financials Moody’s Corp Financials Moog IncIndustrials Morgan Stanley Financials Morningstar Inc Consumer Services Mosaic Co/TheBasic Materials Motorola Solutions Inc Financials Move Inc Financials MSC Industrial Direct CoIndustrials MSCI Inc Financials MTS Systems CorpIndustrials Mueller Industries IncIndustrials Mueller Water Products IncIndustrials Multi-Fineline Electronix IncIndustrials Murphy Oil CorpOil & Gas MutualFirst Financial Inc Financials MWI Veterinary Supply IncIndustrials Myers Industries IncIndustrials Mylan Inc/PA Health Care MYR Group Inc/DelawareIndustrials Myriad Genetics Inc Health Care Nabi Biopharmaceuticals Health Care Nabors Industries LtdOil & Gas NACCO Industries IncIndustrials Nalco Holding CoIndustrials NAM TAI Electronics IncIndustrials NASDAQ OMX Group Inc/The Financials Nash Finch Co Consumer Services National Beverage Corp Consumer Goods National CineMedia Inc Consumer Services National Financial Partners Corp Financials National Fuel Gas CoUtilities National Health Investors Inc Financials National Healthcare Corp Health Care National Instruments CorpIndustrials National Interstate Corp Financials National Oilwell Varco IncOil & Gas National Penn Bancshares Inc Financials National Presto Industries Inc Consumer Goods National Retail Properties Inc Financials National Semiconductor CorpTechnology Nationwide Health Properties Inc Financials Natus Medical Inc Health Care Navigant Consulting IncIndustrials Navigators Group Inc/The Financials Navios Maritime Holdings IncIndustrials Navistar International CorpIndustrials NBT Bancorp Inc Financials NCR CorpTechnology Nektar Therapeutics Health Care Nelnet Inc Financials Neogen Corp Health Care Net 1 UEPS Technologies IncIndustrials NetApp IncTechnology NetFlix Inc Consumer Services Netgear IncTechnology Netlogic Microsystems IncTechnology Netscout Systems IncTechnology NetSuite IncTechnology NeuStar IncIndustrials Neutral Tandem IncTechnology New Jersey Resources CorpUtilities New York Community Bancorp Inc Financials New York Times Co/The Consumer Services NewAlliance Bancshares Inc Financials NewBridge Bancorp Financials Newell Rubbermaid Inc Consumer Goods Newfield Exploration CoOil & Gas NewMarket CorpBasic Materials Newmont Mining CorpBasic Materials Newpark Resources IncOil & Gas Newport CorpIndustrials News Corp Consumer Services NextEra Energy IncUnknown NIC IncTechnology Nicor IncUtilities NII Holdings IncTelecommunications NIKE Inc Consumer Goods NiSource IncUtilities Noble CorpOil & Gas Noble Energy IncOil & Gas Market value (NOK) 147 307 174 113 539 584 19 662 203 328 442 352 58 479 781 6 469 252 21 317 283 38 179 321 2 093 410 012 109 026 423 47 013 372 219 773 703 61 621 833 815 797 006 49 923 760 287 708 029 2 234 248 114 5 247 868 103 798 861 230 365 425 23 331 963 46 971 880 57 539 467 10 547 467 921 698 594 2 929 849 26 702 101 8 957 428 879 319 068 19 350 446 68 533 404 2 103 836 226 738 623 26 545 272 156 997 650 8 601 421 167 593 443 9 631 544 6 550 256 37 194 270 119 809 902 157 740 030 22 602 764 13 169 130 79 154 852 2 453 046 921 445 298 40 859 215 22 530 692 29 609 273 106 355 724 202 241 686 6 921 901 17 836 319 23 143 211 13 888 667 150 609 480 26 917 149 72 350 302 17 015 421 15 017 358 20 180 044 21 710 381 991 587 042 167 234 796 30 711 222 74 299 489 33 266 148 24 645 436 85 680 803 19 316 897 50 584 204 282 344 809 52 787 434 54 538 645 10 536 350 209 886 667 839 608 260 63 244 304 1 647 101 435 17 915 784 23 936 842 1 969 078 946 1 361 944 935 15 679 423 64 560 020 812 223 052 897 906 179 119 163 765 470 553 767 744 345 311 0.65% 0.47% 0.40% 0.60% 0.25% 0.15% 0.62% 0.63% 0.96% 0.61% 0.61% 0.61% 0.32% 0.34% 0.33% 0.15% 1.80% 0.22% 0.12% 0.86% 0.70% 0.65% 1.53% 0.29% 1.11% 0.78% 0.58% 0.45% 1.65% 0.79% 0.56% 0.15% 0.58% 0.18% 0.61% 0.52% 0.61% 0.32% 0.19% 0.59% 3.52% 0.50% 0.31% 0.36% 0.46% 0.10% 0.56% 0.64% 0.43% 0.23% 0.56% 0.76% 0.29% 0.67% 0.46% 0.45% 0.62% 0.56% 0.51% 0.24% 0.07% 0.37% 0.67% 0.86% 0.31% 0.44% 0.64% 0.59% 0.26% 0.77% 0.69% 0.49% 0.59% 0.64% 0.60% 2.46% 0.68% 1.50% 0.62% 0.92% 0.55% 0.65% 0.49% 1.08% 0.44% 0.49% 1.85% 0.38% 0.42% 0.90% 0.85% 0.65% 0.54% 0.40% 0.60% 0.25% 0.15% 0.62% 0.63% 0.96% 0.61% 0.61% 0.61% 0.59% 0.34% 0.33% 0.15% 1.80% 0.22% 0.44% 0.86% 0.70% 0.65% 1.53% 0.29% 1.11% 0.78% 0.58% 0.45% 1.64% 0.79% 0.56% 0.15% 0.58% 0.50% 0.61% 0.52% 0.61% 0.32% 0.19% 0.59% 3.52% 0.50% 0.31% 0.36% 0.46% 0.10% 0.56% 0.64% 0.43% 0.23% 0.56% 0.76% 0.29% 0.67% 0.46% 0.45% 0.62% 0.56% 0.51% 0.24% 0.23% 0.37% 0.67% 0.86% 0.31% 0.44% 0.64% 0.59% 0.26% 0.77% 0.69% 0.49% 0.59% 0.64% 0.60% 2.46% 0.68% 1.50% 0.62% 0.92% 0.55% 0.65% 0.87% 1.08% 0.44% 0.49% 1.85% 0.38% 0.42% 0.90% 0.85% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 44 Government pension fund global ANNUAL REPORT 2010 0.35% 0.32% 1.80% 0.70% 0.52% 0.53% 0.05% 0.63% 1.63% 0.23% 0.62% 0.41% 0.46% 0.41% 0.57% 0.84% 0.37% 0.61% 0.58% 0.77% 0.72% 0.82% 0.30% 1.94% 0.68% 0.44% 0.62% 0.90% 0.67% 0.90% 0.67% 0.92% 0.63% 0.47% 0.59% 0.57% 0.77% 0.63% 0.62% 1.14% 0.57% 0.64% 0.50% 0.65% 0.90% 0.62% 0.52% 0.59% 0.33% 0.19% 0.79% 0.42% 0.32% 0.73% 0.73% 0.54% 0.02% 0.62% 0.72% 0.69% 0.26% 0.36% 0.25% 0.29% 0.63% 0.94% 0.63% 0.45% 0.29% 0.63% 0.57% 0.24% 0.51% 0.74% 0.84% 0.42% 0.59% 0.62% 0.60% 0.65% 0.65% 0.45% 0.22% 0.64% 0.30% 0.47% 0.66% 0.65% 0.59% 0.66% 0.63% Sector Ownership Voting 0.35% 0.32% 1.80% 0.27% 0.52% 0.53% 0.05% 0.63% 1.63% 0.23% 0.62% 0.10% 0.46% 0.11% 0.57% 0.84% 0.37% 0.61% 0.58% 0.77% 0.72% 0.82% 0.30% 1.94% 0.68% 0.47% 0.62% 0.90% 0.67% 0.90% 0.67% 0.92% 0.63% 0.47% 0.59% 0.00% 0.77% 0.63% 0.62% 1.14% 0.57% 0.64% 0.50% 0.65% 0.90% 0.62% 0.53% 0.59% 0.07% 0.19% 0.79% 0.42% 0.32% 0.73% 0.73% 0.54% 0.02% 0.62% 0.72% 0.69% 0.26% 0.13% 0.25% 0.29% 0.63% 0.94% 0.63% 0.45% 0.29% 0.63% 0.57% 0.24% 0.51% 0.74% 0.84% 0.42% 0.59% 0.62% 0.60% 0.65% 0.65% 0.14% 0.22% 0.64% 0.30% 0.47% 0.66% 0.65% 0.59% 0.66% 0.63% Ownership 52 993 653 18 275 356 1 122 383 299 79 072 518 47 620 493 99 804 034 628 437 24 579 086 162 956 719 13 308 090 183 357 478 35 976 458 695 646 010 9 479 507 122 204 361 741 700 091 323 001 891 128 553 000 35 553 369 188 523 594 502 625 364 217 217 191 29 442 069 617 324 691 43 673 405 748 831 363 11 658 868 476 244 836 39 918 468 363 932 057 43 669 554 26 743 529 34 193 012 65 525 695 245 612 862 205 572 509 215 096 951 2 976 892 023 22 794 419 738 898 221 587 319 494 67 666 647 39 335 648 143 940 402 662 553 249 158 151 797 35 771 022 897 069 127 11 061 733 13 467 767 34 811 230 39 227 884 9 644 297 135 515 949 1 699 189 628 80 609 953 1 522 528 47 372 177 123 285 233 4 443 699 692 35 714 375 33 195 867 13 462 692 7 492 067 25 972 410 17 881 183 17 527 588 1 134 225 908 76 214 300 182 609 862 45 062 449 31 533 266 29 338 951 87 475 153 353 419 240 19 468 275 219 179 579 288 909 570 123 216 043 72 909 880 9 050 968 108 24 372 235 27 517 141 57 677 812 184 524 109 31 129 998 46 743 531 46 857 586 24 718 849 27 591 301 10 752 369 Voting Mack-Cali Realty Corp Financials Macquarie Infrastructure Co LLCIndustrials Macy’s Inc Consumer Services Madison Square Garden Inc Consumer Services Magellan Health Services Inc Health Care Maiden Holdings Ltd Financials MainSource Financial Group Inc Financials Manhattan Associates IncTechnology Manitowoc Co Inc/TheIndustrials MannKind Corp Health Care Manpower IncIndustrials Mantech International CorpIndustrials Marathon Oil CorpOil & Gas Marcus Corp Consumer Services Markel Corp Financials Marriott International Inc/DE Consumer Services Marsh & McLennan Cos Inc Financials Marshall & Ilsley Corp Financials Martek Biosciences Corp Consumer Goods Martin Marietta Materials IncIndustrials Marvell Technology Group LtdTechnology Masco CorpIndustrials Masimo Corp Health Care Massey Energy CoBasic Materials MasTec IncIndustrials Mastercard Inc Financials Matrix Service CoOil & Gas Mattel Inc Consumer Goods Matthews International Corp Consumer Services Maxim Integrated Products IncTechnology MAXIMUS IncIndustrials Maxwell Technologies IncIndustrials MB Financial Inc Financials MBIA Inc Financials McAfee IncTechnology McCormick & Co Inc/MD Consumer Goods McDermott International IncIndustrials McDonald’s Corp Consumer Services McGrath RentcorpIndustrials McGraw-Hill Cos Inc/The Consumer Services McKesson Corp Consumer Services McMoRan Exploration CoOil & Gas MDC Holdings Inc Consumer Goods MDU Resources Group IncIndustrials Mead Johnson Nutrition Co Consumer Goods MeadWestvaco CorpIndustrials MedAssets IncTechnology Medco Health Solutions Inc Health Care Mediacom Communications Corp Consumer Services Medical Properties Trust Inc Financials Medicines Co/The Health Care Medicis Pharmaceutical Corp Health Care Medivation Inc Health Care Mednax Inc Health Care Medtronic Inc Health Care MEMC Electronic Materials IncTechnology Men’s Wearhouse Inc/The Consumer Services Mentor Graphics CorpTechnology MercadoLibre Inc Consumer Services Merck & Co Inc Health Care Mercury General Corp Financials Meredith Corp Consumer Services Meridian Bioscience Inc Health Care Merit Medical Systems Inc Health Care Meritage Homes Corp Consumer Goods Metabolix IncBasic Materials Methode Electronics IncIndustrials MetLife Inc Financials MetroPCS Communications IncTelecommunications Mettler-Toledo International IncIndustrials MF Global Holdings Ltd Financials MFA Financial Inc Financials MGE Energy IncUtilities MGIC Investment Corp Financials MGM Resorts International Consumer Services Micrel IncTechnology Microchip Technology IncTechnology Micron Technology IncTechnology MICROS Systems IncTechnology Microsemi CorpTechnology Microsoft CorpTechnology MicroStrategy IncTechnology Mid-America Apartment Communities Inc Financials Middleby Corp Consumer Goods Millicom International Cellular SATelecommunications Mine Safety Appliances CoIndustrials Minerals Technologies IncBasic Materials MKS Instruments IncTechnology Mobile Mini IncIndustrials Modine Manufacturing Co Consumer Goods ModusLink Global Solutions IncIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Parker Hannifin CorpIndustrials Parkvale Financial Corp Financials Parkway Properties Inc/Md Financials PartnerRe Ltd Financials Patriot Coal CorpBasic Materials Patterson Cos Inc Health Care Patterson-UTI Energy IncOil & Gas Paychex IncIndustrials PDL BioPharma Inc Health Care Peabody Energy CorpBasic Materials Pebblebrook Hotel Trust Financials Pegasystems IncTechnology Penn National Gaming Inc Consumer Services Penn Virginia CorpOil & Gas Pennsylvania Real Estate Investment Trust Financials Penske Automotive Group Inc Consumer Services Pentair IncIndustrials People’s United Financial Inc Financials PEP Boys-Manny Moe & Jack Consumer Services Pepco Holdings IncUtilities PepsiCo Inc/NC Consumer Goods Perficient IncTechnology Pericom Semiconductor CorpTechnology PerkinElmer IncIndustrials Perrigo Co Health Care Petrohawk Energy CorpOil & Gas Petroleum Development CorpOil & Gas Petroquest Energy IncOil & Gas PetSmart Inc Consumer Services PF Chang’s China Bistro Inc Consumer Services Pfizer Inc Health Care PG&E CorpUtilities PH Glatfelter CoBasic Materials Pharmaceutical Product Development Inc Health Care Pharmasset Inc Health Care PharMerica Corp Health Care PHH CorpIndustrials PHI IncOil & Gas Phillips-Van Heusen Corp Consumer Goods Phoenix Cos Inc/The Financials Pico Holdings Inc Financials Piedmont Natural Gas Co IncUtilities Piedmont Office Realty Trust Inc Financials Pier 1 Imports Inc Consumer Services Pike Electric CorpIndustrials Pinnacle Entertainment Inc Consumer Services Pinnacle Financial Partners Inc Financials Pinnacle West Capital CorpUtilities Pioneer Drilling CoOil & Gas Pioneer Natural Resources CoOil & Gas Piper Jaffray Cos Financials Pitney Bowes IncTechnology Plains Exploration & Production CoOil & Gas Plantronics IncTechnology Platinum Underwriters Holdings Ltd Financials Plexus CorpIndustrials Plum Creek Timber Co Inc Financials PMC - Sierra IncTechnology PMI Group Inc/The Financials PNC Financial Services Group Inc Financials PNM Resources IncUtilities Polaris Industries Inc Consumer Goods Polo Ralph Lauren Corp Consumer Goods Polycom IncTechnology PolyOne CorpBasic Materials Polypore International IncBasic Materials Pool Corp Consumer Goods Popular Inc Financials Portfolio Recovery Associates Inc Financials Portland General Electric CoUtilities Post Properties Inc Financials Potlatch Corp Financials Powell Industries IncIndustrials Power Integrations IncTechnology Power-One IncIndustrials Powerwave Technologies IncIndustrials PPG Industries IncBasic Materials PPL CorpUtilities Praxair IncBasic Materials Precision Castparts CorpIndustrials Premiere Global Services IncTechnology Pre-Paid Legal Services Inc Consumer Services Presidential Life Corp Financials Prestige Brands Holdings Inc Health Care priceline.com Inc Consumer Services Pricesmart Inc Consumer Services Pride International IncOil & Gas Primerica Inc Financials Principal Financial Group Inc Financials PrivateBancorp Inc Financials ProAssurance Corp Financials Market value (NOK) 319 718 749 5 869 463 3 877 571 204 554 985 71 629 804 68 563 959 159 297 859 404 207 833 11 280 687 1 225 123 041 35 246 622 18 229 515 100 025 171 23 547 881 6 598 940 965 151 262 454 643 185 279 740 12 884 815 90 945 444 4 050 790 872 12 491 716 11 818 291 181 085 320 142 438 278 331 153 206 30 046 988 21 451 371 60 115 020 236 012 745 5 224 452 072 1 956 651 512 20 129 894 100 969 476 64 544 877 9 009 030 171 191 012 5 916 909 156 679 512 11 667 614 28 441 316 47 161 441 71 184 008 23 847 595 5 042 482 31 614 693 14 245 174 793 256 815 35 224 635 298 303 031 25 839 467 274 919 428 317 122 692 67 493 927 65 427 539 45 640 737 356 766 175 75 170 771 28 345 361 600 063 263 28 833 679 97 584 061 567 638 188 127 032 382 36 576 315 76 177 309 40 869 346 124 486 210 46 547 216 29 593 418 21 972 889 14 449 533 9 483 700 43 435 088 165 593 367 14 019 524 174 020 486 693 146 733 983 047 442 971 352 253 30 212 199 18 634 658 7 241 201 6 160 769 809 123 361 21 965 676 340 062 463 18 026 354 508 757 184 35 862 527 65 555 626 0.40% 1.99% 0.17% 0.59% 0.70% 0.31% 0.83% 0.62% 0.22% 1.22% 0.75% 0.23% 0.63% 0.53% 0.14% 0.01% 1.25% 0.62% 0.31% 0.38% 0.67% 0.58% 0.74% 1.02% 0.41% 1.03% 0.52% 0.78% 0.22% 3.65% 0.64% 1.79% 0.62% 0.54% 0.75% 0.46% 2.29% 0.00% 0.64% 0.68% 0.68% 0.40% 0.35% 0.33% 0.30% 0.63% 0.54% 3.03% 1.27% 0.51% 0.61% 0.96% 1.21% 0.65% 0.64% 0.63% 1.01% 0.65% 0.92% 0.32% 0.44% 0.63% 0.24% 0.66% 0.54% 0.72% 0.63% 0.67% 0.62% 0.31% 0.21% 0.19% 0.42% 0.67% 2.62% 0.71% 0.22% 0.94% 0.58% 0.84% 1.27% 0.54% 0.42% 0.18% 0.71% 0.33% 1.01% 0.18% 0.84% 0.60% 0.61% 0.39% 1.99% 0.17% 0.59% 0.70% 0.31% 0.82% 0.62% 0.22% 1.22% 0.75% 0.23% 0.63% 0.53% 0.14% 0.01% 1.25% 0.62% 0.31% 0.38% 0.67% 0.58% 0.74% 1.02% 0.41% 1.03% 0.52% 0.78% 0.22% 3.65% 0.64% 1.79% 0.62% 0.54% 0.75% 0.46% 2.29% 0.35% 0.64% 0.68% 0.68% 0.40% 0.35% 0.33% 0.30% 0.63% 0.54% 3.03% 1.27% 0.51% 0.61% 0.96% 1.21% 0.65% 0.64% 0.63% 1.01% 0.65% 0.92% 0.32% 0.44% 0.63% 0.93% 0.66% 0.54% 0.72% 0.63% 0.67% 0.62% 0.31% 0.21% 0.19% 0.42% 0.67% 2.62% 0.71% 0.22% 0.94% 0.58% 0.84% 1.27% 0.54% 0.42% 0.18% 0.71% 0.33% 1.01% 0.18% 0.84% 0.60% 0.61% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 45 Government pension fund global ANNUAL REPORT 2010 1.18% 0.62% 0.46% 0.84% 0.44% 1.84% 0.14% 0.58% 0.18% 0.58% 0.55% 2.27% 0.19% 0.59% 0.65% 0.56% 0.13% 0.54% 0.34% 0.20% 0.66% 0.61% 0.43% 0.66% 1.67% 0.73% 0.68% 0.64% 0.08% 0.58% 0.26% 0.64% 0.85% 0.33% 0.62% 0.12% 0.15% 0.64% 0.56% 0.23% 0.62% 0.67% 0.58% 0.56% 0.63% 0.22% 0.61% 0.25% 1.20% 0.59% 0.63% 0.52% 2.60% 0.46% 0.94% 0.43% 0.62% 0.61% 0.26% 0.00% 0.68% 0.58% 0.61% 0.22% 0.32% 0.33% 0.62% 0.62% 0.61% 0.62% 0.33% 0.32% 0.66% 1.11% 3.37% 0.71% 2.41% 0.50% 0.62% 0.49% 0.83% 0.70% 0.62% 0.21% 0.47% 0.42% 0.65% 0.53% 0.65% 1.43% 0.63% Sector Ownership Voting 0.00% 0.62% 0.46% 0.84% 0.44% 1.84% 0.14% 0.58% 0.18% 0.58% 0.55% 2.27% 0.19% 0.59% 0.65% 0.56% 0.13% 0.54% 0.34% 0.20% 0.66% 0.61% 0.43% 0.66% 1.67% 0.73% 0.68% 0.64% 0.08% 0.58% 0.26% 0.64% 0.85% 0.33% 0.62% 0.12% 0.15% 0.64% 0.56% 0.23% 0.62% 0.67% 0.58% 0.56% 0.63% 0.22% 0.61% 0.25% 1.20% 0.59% 0.63% 0.52% 2.60% 0.46% 0.94% 0.43% 0.62% 0.61% 0.26% 0.00% 0.68% 0.68% 0.61% 0.22% 0.32% 0.33% 0.62% 0.62% 0.61% 0.62% 0.33% 0.32% 0.66% 1.11% 3.37% 0.71% 2.41% 0.50% 0.62% 0.49% 0.83% 0.70% 0.57% 0.21% 0.47% 0.42% 0.65% 0.53% 0.65% 1.43% 0.63% Ownership 65 151 063 44 269 373 84 081 760 453 801 454 588 337 490 600 076 945 13 621 369 455 666 486 3 916 721 43 734 896 39 668 166 29 435 956 11 376 457 10 298 488 78 774 572 94 075 216 4 086 769 151 972 519 86 045 838 9 167 514 71 770 912 190 756 050 343 971 047 21 719 537 98 187 507 140 964 179 351 846 873 146 086 076 6 125 168 261 866 291 37 132 658 2 960 582 696 196 744 100 12 592 181 34 568 753 10 471 906 12 858 716 165 701 924 104 565 379 1 948 650 64 673 931 40 465 653 119 118 760 53 011 378 43 679 792 28 493 632 105 466 125 6 867 157 961 115 774 56 508 605 155 933 063 180 095 080 349 956 483 42 999 258 24 224 960 22 633 937 5 709 747 270 35 433 707 8 570 967 207 595 469 22 851 712 51 102 645 11 048 126 8 909 844 24 890 677 9 954 627 114 820 292 24 417 456 28 635 151 38 914 790 7 288 757 34 335 368 147 922 431 324 397 354 83 013 413 861 532 573 50 236 163 77 621 827 27 386 401 15 493 120 13 908 586 231 808 668 110 312 498 5 465 676 19 481 434 33 664 099 100 281 758 38 387 201 23 246 978 92 813 561 19 444 420 Voting Noranda Aluminum Holding CorpBasic Materials Nordic American Tanker ShippingIndustrials Nordson CorpIndustrials Nordstrom Inc Consumer Services Norfolk Southern CorpIndustrials Northeast UtilitiesUtilities Northern Oil and Gas IncOil & Gas Northern Trust Corp Financials NorthStar Realty Finance Corp Financials Northwest Bancshares Inc Financials Northwest Natural Gas CoUtilities Northwest Pipe CoIndustrials NorthWestern CorpUtilities Novatel Wireless IncTechnology Novell IncTechnology Novellus Systems IncTechnology NPS Pharmaceuticals Inc Health Care NRG Energy IncUtilities NSTARUtilities NTELOS Holdings CorpTelecommunications Nu Skin Enterprises Inc Consumer Goods Nuance Communications IncTechnology Nucor CorpBasic Materials Nutrisystem Inc Consumer Goods NuVasive Inc Health Care NV Energy IncUtilities NVIDIA CorpTechnology NVR Inc Consumer Goods NxStage Medical Inc Health Care NYSE Euronext Financials Oasis Petroleum IncOil & Gas Occidental Petroleum CorpOil & Gas Oceaneering International IncOil & Gas Oclaro IncTechnology Ocwen Financial Corp Financials Office Depot Inc Consumer Services OfficeMax Inc Consumer Services OGE Energy CorpOil & Gas Oil States International IncOil & Gas Oilsands Quest IncOil & Gas Old Dominion Freight Line IncIndustrials Old National Bancorp/IN Financials Old Republic International Corp Financials Olin CorpBasic Materials OM Group IncBasic Materials Omega Healthcare Investors Inc Financials Omnicare Inc Consumer Services Omnicell Inc Health Care Omnicom Group Inc Consumer Services Omnivision Technologies IncTechnology ON Semiconductor CorpTechnology Oneok IncUtilities Onyx Pharmaceuticals Inc Health Care OpenTable Inc Consumer Services Optimer Pharmaceuticals Inc Health Care optionsXpress Holdings Inc Financials Oracle CorpTechnology Orbital Sciences CorpIndustrials Orbitz Worldwide Inc Consumer Services O’Reilly Automotive Inc Consumer Services Oriental Financial Group Inc Financials Orient-Express Hotels Ltd Consumer Services Orion Marine Group IncIndustrials Oritani Financial Corp Financials Ormat Technologies IncUtilities Orthofix International NV Health Care Oshkosh CorpIndustrials OSI Systems IncIndustrials Otter Tail CorpIndustrials Overseas Shipholding Group IncIndustrials Overstock.com Inc Consumer Services Owens & Minor Inc Health Care Owens CorningIndustrials Owens-Illinois IncIndustrials Oxford Industries Inc Consumer Goods PACCAR IncIndustrials Pacific Sunwear of California Inc Consumer Services Packaging Corp of AmericaIndustrials PacWest Bancorp Financials PAETEC Holding CorpTelecommunications Pain Therapeutics Inc Health Care Pall CorpIndustrials Panera Bread Co Consumer Services Pantry Inc/The Consumer Services Papa John’s International Inc Consumer Services Par Pharmaceutical Cos Inc Health Care Parametric Technology CorpTechnology Parexel International Corp Health Care Park Electrochemical CorpIndustrials Park National Corp Financials Parker Drilling CoOil & Gas Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 RSC Holdings IncIndustrials RTI International Metals IncBasic Materials Ruby Tuesday Inc Consumer Services Ruddick Corp Consumer Services Rudolph Technologies IncTechnology Rush Enterprises Inc Consumer Services Ryder System IncIndustrials Ryland Group Inc Consumer Goods S&T Bancorp Inc Financials S1 CorpTechnology Sabra Healthcare REIT Inc Financials Safety Insurance Group Inc Financials Safeway Inc Consumer Services SAIC IncTechnology Saks Inc Consumer Services Salesforce.com IncTechnology Salix Pharmaceuticals Ltd Health Care Sally Beauty Holdings Inc Consumer Services Sanderson Farms Inc Consumer Goods SanDisk CorpTechnology SandRidge Energy IncOil & Gas Sandy Spring Bancorp Inc Financials Sanmina-SCI CorpIndustrials Sapient CorpTechnology Sara Lee Corp Consumer Goods Satcon Technology CorpIndustrials Sauer-Danfoss IncIndustrials Saul Centers Inc Financials Savient Pharmaceuticals Inc Health Care SAVVIS IncTechnology SBA Communications CorpTelecommunications SCANA CorpUtilities Scansource IncTechnology Schawk Inc Consumer Services Schlumberger LtdOil & Gas Schnitzer Steel Industries IncIndustrials Scholastic Corp Consumer Services School Specialty IncIndustrials Schweitzer-Mauduit International Inc Consumer Goods Scientific Games Corp Consumer Services Scotts Miracle-Gro Co/The Consumer Goods Scripps Networks Interactive Inc Consumer Services Seaboard Corp Consumer Goods SEACOR Holdings IncOil & Gas Seagate Technology PLCTechnology Seahawk Drilling IncOil & Gas Sealed Air CorpIndustrials Sealy Corp Consumer Goods Sears Holdings Corp Consumer Services Seaspan CorpIndustrials Seattle Genetics Inc Health Care SEI Investments Co Financials Selective Insurance Group Inc Financials Sempra EnergyUtilities Semtech CorpTechnology Senior Housing Properties Trust Financials Sensata Technologies Holding NVIndustrials Sensient Technologies CorpBasic Materials Sequenom Inc Health Care Service Corp International/US Consumer Services SFN Group IncIndustrials Shaw Group Inc/TheIndustrials Shenandoah Telecommunications CoTelecommunications Sherwin-Williams Co/TheIndustrials Ship Finance International LtdIndustrials Shuffle Master Inc Consumer Services Shutterfly Inc Consumer Services Sigma Designs IncTechnology Sigma-Aldrich CorpBasic Materials Signature Bank/New York NY Financials Signet Jewelers Ltd Consumer Services Silgan Holdings IncIndustrials Silicon Graphics International CorpTechnology Silicon Image IncTechnology Silicon Laboratories IncTechnology Simmons First National Corp Financials Simon Property Group Inc Financials Simpson Manufacturing Co IncIndustrials Sina Corp/ChinaTechnology Sirius XM Radio Inc Consumer Services Sirona Dental Systems Inc Health Care SJW CorpUtilities Skechers U.S.A. Inc Consumer Goods Skywest Inc Consumer Services Skyworks Solutions IncTechnology SL Green Realty Corp Financials SLM Corp Financials SM Energy CoOil & Gas SMART Modular Technologies WWH IncTechnology Smithfield Foods Inc Consumer Goods Smurfit-Stone Container CorpIndustrials Market value (NOK) 11 277 516 57 267 827 33 414 690 15 916 683 8 872 210 10 093 648 95 531 789 25 470 808 20 562 659 11 227 705 24 874 466 22 362 541 10 681 517 220 794 089 301 402 916 498 672 603 189 015 605 8 258 324 33 137 424 1 484 079 070 107 131 456 16 003 310 33 644 539 49 338 357 413 614 706 42 116 663 13 149 715 94 226 612 92 258 099 25 139 371 37 921 665 591 521 548 34 274 100 13 144 701 5 476 470 845 51 459 453 25 666 075 8 869 896 41 596 911 28 011 807 96 567 843 83 266 892 25 193 741 73 115 630 248 059 938 691 891 149 743 647 3 440 546 68 882 855 30 136 021 147 382 227 115 733 614 36 198 826 1 331 830 568 52 497 062 39 565 147 37 522 907 63 779 363 11 661 987 79 186 098 15 862 105 710 038 427 16 349 597 337 754 276 45 686 296 20 186 162 1 736 809 18 921 281 294 314 704 72 117 431 34 930 284 26 660 749 10 534 221 22 044 530 56 574 399 18 016 939 698 802 662 41 105 592 195 049 924 105 198 659 84 656 203 25 974 118 26 442 923 33 041 478 193 467 284 81 646 666 241 482 571 179 873 107 8 485 171 124 700 196 59 642 462 0.19% 1.21% 0.68% 0.15% 0.59% 0.04% 0.60% 0.58% 0.56% 0.53% 0.00% 0.54% 0.02% 0.64% 3.01% 0.49% 1.20% 0.05% 0.66% 2.18% 0.62% 0.62% 0.63% 0.51% 0.64% 1.38% 0.17% 1.85% 2.03% 0.30% 0.14% 1.97% 0.69% 0.43% 0.83% 0.16% 0.51% 0.58% 0.63% 0.53% 0.49% 0.76% 0.18% 0.59% 0.60% 0.11% 0.63% 0.21% 0.15% 0.61% 1.67% 0.45% 0.64% 1.82% 0.63% 0.22% 0.12% 0.60% 0.27% 0.68% 0.53% 4.20% 0.63% 0.64% 0.46% 0.57% 0.03% 0.73% 0.63% 0.60% 0.16% 0.17% 0.66% 0.67% 0.48% 0.63% 0.41% 0.46% 0.80% 0.28% 0.63% 0.91% 0.15% 0.66% 0.63% 0.27% 0.68% 0.83% 0.40% 0.63% 0.44% 0.19% 1.21% 0.68% 0.15% 0.59% 0.23% 0.60% 0.58% 0.56% 0.53% 0.00% 0.54% 0.02% 0.64% 3.01% 0.49% 1.20% 0.05% 0.66% 2.18% 0.62% 0.62% 0.63% 0.51% 0.64% 1.38% 0.17% 1.85% 2.03% 0.30% 0.14% 1.97% 0.69% 0.43% 0.83% 0.40% 0.48% 0.58% 0.63% 0.53% 0.49% 0.17% 0.18% 0.59% 0.60% 0.11% 0.63% 0.21% 0.15% 0.61% 1.67% 0.45% 0.64% 1.82% 0.63% 0.22% 0.12% 0.60% 0.27% 0.68% 0.53% 4.20% 0.63% 0.64% 0.46% 0.57% 0.03% 0.73% 0.63% 0.60% 0.16% 0.17% 0.66% 0.66% 0.48% 0.63% 0.41% 0.46% 0.80% 0.28% 0.63% 0.91% 0.48% 0.66% 0.63% 0.27% 0.68% 0.83% 0.40% 0.63% 0.44% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 46 Government pension fund global ANNUAL REPORT 2010 0.66% 0.14% 0.65% 0.12% 0.30% 0.45% 0.61% 0.56% 0.52% 1.52% 0.09% 0.32% 0.29% 0.42% 0.65% 0.86% 0.69% 0.80% 0.50% 0.59% 1.16% 0.51% 0.52% 0.30% 0.47% 1.23% 0.30% 2.35% 0.28% 0.62% 0.81% 2.26% 0.83% 0.78% 0.36% 1.41% 0.59% 0.54% 0.26% 0.57% 0.54% 0.36% 0.25% 0.48% 0.38% 0.18% 0.52% 0.63% 0.60% 1.36% 0.60% 0.68% 0.45% 1.36% 0.61% 0.37% 0.59% 0.72% 0.66% 0.62% 0.48% 1.33% 0.41% 0.39% 0.71% 1.79% 0.39% 0.63% 1.07% 0.39% 0.65% 0.62% 0.48% 0.63% 0.46% 0.56% 0.62% 0.46% 0.63% 0.52% 0.33% 0.71% 0.48% 0.18% 0.70% 0.57% 0.48% 0.73% 0.23% 0.62% 0.61% Sector Ownership Voting 0.66% 0.14% 0.65% 0.12% 0.30% 0.45% 0.61% 0.56% 0.52% 1.52% 0.09% 0.32% 0.29% 0.44% 0.65% 0.86% 0.69% 0.80% 0.50% 0.59% 1.16% 0.51% 0.52% 0.30% 0.47% 1.23% 0.30% 2.35% 0.28% 0.62% 0.81% 2.26% 0.83% 0.78% 0.36% 1.41% 0.59% 0.54% 0.26% 0.57% 0.54% 0.36% 0.25% 0.49% 0.38% 0.18% 0.22% 0.63% 0.60% 1.10% 0.60% 0.68% 0.45% 1.36% 0.61% 0.37% 0.59% 0.72% 0.66% 0.62% 0.24% 1.33% 0.41% 0.23% 0.71% 1.79% 0.39% 0.63% 1.07% 0.39% 0.65% 0.62% 0.48% 0.63% 0.46% 0.56% 0.62% 0.46% 0.63% 0.52% 0.33% 0.71% 0.48% 0.18% 0.70% 0.57% 0.48% 0.73% 0.23% 0.63% 0.61% Ownership 6 881 119 531 104 150 519 69 132 116 89 592 221 141 639 703 48 052 316 81 432 521 29 843 499 12 112 189 2 512 844 013 7 117 422 23 058 060 275 727 635 441 625 555 108 543 032 318 059 819 72 212 151 3 742 985 972 59 167 397 24 826 073 283 872 748 273 986 440 74 023 743 53 333 231 25 135 427 178 844 374 7 295 426 113 316 878 217 103 387 143 860 723 50 523 723 276 023 334 172 486 604 103 264 105 9 766 537 588 460 344 29 740 587 128 474 691 62 893 156 28 497 871 14 672 855 11 965 982 58 803 132 245 326 247 7 466 697 12 032 047 55 259 057 94 295 880 121 571 929 213 845 428 305 041 959 37 677 404 15 401 975 309 935 680 135 360 058 7 413 910 120 141 878 17 758 040 79 167 923 13 257 461 13 873 573 888 888 735 744 000 119 717 520 35 168 133 43 201 406 13 447 601 73 687 972 24 419 462 17 723 934 194 192 896 39 771 791 32 991 103 166 139 938 55 935 926 329 736 433 327 415 199 79 742 555 36 841 794 18 173 768 56 091 360 297 625 757 55 666 801 80 215 140 264 250 104 146 523 659 283 400 068 124 598 657 36 223 883 103 501 954 127 402 853 Voting Procter & Gamble Co/The Consumer Goods Progress Energy IncUtilities Progress Software CorpTechnology Progressive Corp/The Financials ProLogis Financials Prosperity Bancshares Inc Financials Protective Life Corp Financials Provident Financial Services Inc Financials Provident New York Bancorp Financials Prudential Financial Inc Financials PS Business Parks Inc Financials PSS World Medical Inc Health Care Public Service Enterprise Group IncUtilities Public Storage Financials Pulte Group Inc Consumer Goods QEP Resources IncOil & Gas QLogic CorpTechnology QUALCOMM IncTechnology Quality Systems IncTechnology Quanex Building Products CorpIndustrials Quanta Services IncIndustrials Quest Diagnostics Inc/DE Health Care Quest Software IncTechnology Questar CorpUtilities Questcor Pharmaceuticals Inc Health Care Quicksilver Resources IncOil & Gas Quidel Corp Health Care Quiksilver Inc Consumer Goods Qwest Communications International IncTelecommunications Rackspace Hosting IncTechnology Radian Group Inc Financials RadioShack Corp Consumer Services Ralcorp Holdings Inc Consumer Goods Rambus IncTechnology Ramco-Gershenson Properties Trust Financials Range Resources CorpOil & Gas Raven Industries IncIndustrials Raymond James Financial Inc Financials Rayonier Inc Financials RBC Bearings IncIndustrials RC2 Corp Consumer Goods RealNetworks Inc Consumer Services Realty Income Corp Financials Red Hat IncTechnology Red Robin Gourmet Burgers Inc Consumer Services Redwood Trust Inc Financials Regal Entertainment Group Consumer Services Regal-Beloit CorpIndustrials Regency Centers Corp Financials Regeneron Pharmaceuticals Inc Health Care Regions Financial Corp Financials Regis Corp Consumer Services RehabCare Group Inc Health Care Reinsurance Group of America Inc Financials Reliance Steel & Aluminum CoBasic Materials Renaissance Learning IncTechnology RenaissanceRe Holdings Ltd Financials Renasant Corp Financials Rent-A-Center Inc/TX Consumer Services Republic Airways Holdings Inc Consumer Services Republic Bancorp Inc/KY Financials Republic Services IncIndustrials Resaca Exploitation IncOil & Gas ResMed Inc Health Care Resources Connection IncIndustrials Retail Opportunity Investments Corp Financials Rex Energy CorpOil & Gas RF Micro Devices IncTechnology Rigel Pharmaceuticals Inc Health Care Rite Aid Corp Consumer Services Riverbed Technology IncTechnology RLI Corp Financials Robbins & Myers IncIndustrials Robert Half International IncIndustrials Rock-Tenn CoIndustrials Rockwell Automation IncIndustrials Rockwell Collins IncIndustrials Rockwood Holdings IncBasic Materials Rofin-Sinar Technologies IncIndustrials Rogers CorpIndustrials Rollins Inc Consumer Services Roper Industries IncIndustrials Rosetta Resources IncOil & Gas Ross Stores Inc Consumer Services Rovi CorpTechnology Rowan Cos IncOil & Gas Royal Caribbean Cruises Ltd Consumer Services Royal Gold Inc Financials RPC IncOil & Gas RPM International IncBasic Materials RR Donnelley & Sons CoIndustrials Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Syneron Medical Ltd Health Care Syniverse Holdings IncTechnology SYNNEX CorpTechnology Synopsys IncTechnology Synovus Financial Corp Financials Syntel IncTechnology Synutra International Inc Consumer Goods Sysco Corp Consumer Services Systemax IncTechnology T Rowe Price Group Inc Financials Take-Two Interactive Software Inc Consumer Goods TAL International Group IncIndustrials Talbots Inc Consumer Services Talecris Biotherapeutics Holdings Corp Health Care Taleo CorpTechnology Tanger Factory Outlet Centers Financials Targacept Inc Health Care Target Corp Consumer Services Taser International IncIndustrials Taubman Centers Inc Financials TCF Financial Corp Financials TD Ameritrade Holding Corp Financials Team IncIndustrials Tech Data CorpTechnology Techne Corp Health Care TechTarget Inc Consumer Services TECO Energy IncUtilities Teekay CorpIndustrials Tejon Ranch Co Financials TekelecTechnology Teledyne Technologies IncIndustrials Teleflex Inc Health Care Telephone & Data Systems IncTelecommunications TeleTech Holdings IncIndustrials Tellabs IncTechnology Temple-Inland IncIndustrials Tempur-Pedic International Inc Consumer Goods Tenet Healthcare Corp Health Care Tennant CoIndustrials Tenneco Inc Consumer Goods Teradata CorpTechnology Teradyne IncTechnology Terex CorpIndustrials Terra Nova Royalty CorpBasic Materials Terreno Realty Corp Financials Tesoro CorpOil & Gas Tessera Technologies IncTechnology Tetra Tech IncIndustrials Tetra Technologies IncOil & Gas Texas Capital Bancshares Inc Financials Texas Industries IncIndustrials Texas Instruments IncTechnology Texas Roadhouse Inc Consumer Services Textainer Group Holdings LtdIndustrials TFS Financial Corp Financials Theravance Inc Health Care Thermo Fisher Scientific Inc Health Care Thomas & Betts CorpIndustrials Thor Industries Inc Consumer Goods Thoratec Corp Health Care THQ Inc Consumer Goods TIBCO Software IncTechnology Tidewater IncOil & Gas Tiffany & Co Consumer Services Timberland Co/The Consumer Goods Time Warner Cable Inc Consumer Services Time Warner Inc Consumer Services Timken CoIndustrials Titan International Inc Consumer Goods Titanium Metals CorpBasic Materials TiVo Inc Consumer Goods TJX Cos Inc Consumer Services TNS IncTechnology Toll Brothers Inc Consumer Goods Tompkins Financial Corp Financials Tootsie Roll Industries Inc Consumer Goods Torchmark Corp Financials Toro Co/TheIndustrials Total System Services IncIndustrials Tower Group Inc Financials Towers Watson & CoIndustrials Tractor Supply Co Consumer Services TradeStation Group Inc Financials Transatlantic Holdings Inc Financials TransDigm Group IncIndustrials Travelers Cos Inc/The Financials Tredegar CorpBasic Materials TreeHouse Foods Inc Consumer Goods Trimble Navigation LtdIndustrials Trinity Industries IncIndustrials TriQuint Semiconductor IncTechnology Market value (NOK) 8 690 845 61 199 347 10 986 183 131 221 494 71 810 058 29 746 560 5 391 633 455 011 722 6 283 586 566 668 090 35 943 165 17 314 099 164 195 464 34 591 444 45 796 882 27 440 204 55 381 936 2 142 660 311 11 724 169 27 188 127 77 620 551 325 247 950 13 375 597 79 168 856 40 286 489 1 468 389 83 112 047 64 888 657 4 770 563 32 145 915 57 077 960 36 641 079 21 755 622 36 434 231 97 222 569 84 769 500 104 352 564 101 731 056 23 913 624 141 683 715 240 996 148 100 434 024 436 498 766 7 833 378 4 460 536 96 051 555 43 612 103 53 248 509 31 306 336 24 415 441 45 800 753 1 468 283 273 37 200 583 14 238 127 38 881 476 31 011 123 948 023 731 93 299 290 49 731 856 299 268 058 14 649 663 125 589 363 100 623 084 9 244 783 28 140 793 702 676 399 1 775 972 635 160 905 324 22 976 135 48 144 200 36 067 993 196 870 746 21 549 579 88 569 439 11 271 619 30 056 270 202 726 316 69 395 737 113 742 425 38 553 696 97 836 228 52 096 244 3 993 118 108 142 067 62 107 329 163 535 002 21 995 307 65 334 901 246 650 238 75 808 868 68 470 035 0.43% 0.49% 0.17% 0.56% 0.60% 0.26% 0.12% 0.46% 0.21% 0.59% 0.59% 0.31% 4.71% 0.20% 0.70% 0.23% 1.25% 0.87% 0.69% 0.17% 0.63% 0.51% 0.50% 0.66% 0.28% 0.07% 0.37% 0.46% 0.15% 0.68% 0.62% 0.29% 0.06% 0.51% 0.67% 0.64% 0.66% 0.54% 0.56% 0.99% 0.60% 0.68% 2.22% 0.28% 0.46% 0.62% 0.67% 0.59% 0.60% 0.54% 0.62% 0.66% 0.30% 0.18% 0.24% 0.33% 0.74% 0.64% 0.45% 3.11% 0.61% 0.66% 0.63% 0.02% 0.13% 0.51% 0.86% 0.60% 0.57% 0.27% 0.61% 0.19% 0.68% 0.48% 0.46% 0.07% 0.73% 0.61% 0.65% 0.62% 0.40% 0.25% 0.25% 0.57% 0.30% 0.11% 0.61% 0.62% 0.88% 0.61% 0.63% 0.43% 0.49% 0.17% 0.56% 0.60% 0.26% 0.12% 0.45% 0.21% 0.59% 0.59% 0.31% 4.71% 0.20% 0.70% 0.23% 1.25% 0.87% 0.69% 0.17% 0.63% 0.51% 0.50% 0.66% 0.28% 0.07% 0.37% 0.46% 0.15% 0.68% 0.62% 0.29% 0.10% 0.51% 0.67% 0.64% 0.66% 0.54% 0.56% 0.99% 0.60% 0.68% 2.22% 0.28% 0.46% 0.62% 0.67% 0.59% 0.60% 0.54% 0.62% 0.66% 0.48% 0.18% 0.24% 0.29% 0.74% 0.64% 0.45% 3.11% 0.61% 0.66% 0.63% 0.02% 0.39% 0.51% 0.86% 0.60% 0.57% 0.27% 0.61% 0.19% 0.68% 0.48% 0.45% 0.31% 0.73% 0.61% 0.65% 0.62% 0.40% 0.25% 0.25% 0.57% 0.30% 0.11% 0.61% 0.62% 0.88% 0.61% 0.63% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 47 Government pension fund global ANNUAL REPORT 2010 0.64% 0.74% 0.83% 0.29% 0.62% 0.87% 0.01% 0.62% 0.63% 0.33% 0.71% 0.61% 0.44% 0.47% 0.06% 0.07% 0.57% 0.91% 0.08% 1.09% 0.17% 0.22% 0.69% 0.11% 0.25% 0.45% 1.76% 0.61% 0.39% 0.00% 0.50% 1.45% 0.20% 0.61% 0.69% 0.19% 0.55% 0.63% 1.10% 0.77% 0.98% 0.23% 0.18% 0.50% 1.64% 0.78% 0.27% 0.18% 0.61% 0.63% 1.74% 0.62% 0.34% 1.07% 0.65% 0.66% 0.60% 0.64% 0.31% 0.58% 1.57% 0.53% 0.03% 0.64% 0.66% 0.14% 0.49% 0.51% 0.25% 1.10% 0.33% 1.90% 0.14% 0.40% 0.53% 0.59% 0.54% 0.29% 0.48% 0.58% 0.63% 0.52% 0.07% 0.76% 0.51% 0.50% 0.48% 0.66% 0.18% 0.66% 0.52% Sector Ownership Voting 0.64% 0.74% 0.83% 0.29% 0.62% 0.87% 0.00% 0.62% 0.63% 0.33% 0.71% 0.62% 0.44% 0.47% 0.06% 0.07% 0.57% 0.91% 0.08% 1.09% 0.17% 0.22% 0.69% 0.11% 0.25% 0.14% 1.78% 0.61% 0.13% 0.00% 0.50% 1.45% 0.20% 0.61% 0.69% 0.33% 0.55% 0.63% 1.10% 0.77% 0.98% 0.23% 0.18% 0.50% 1.64% 0.78% 0.06% 0.18% 0.61% 0.63% 1.74% 0.62% 0.34% 1.07% 0.65% 0.66% 0.44% 0.64% 0.31% 0.58% 1.57% 0.53% 0.03% 0.64% 0.66% 0.14% 0.49% 0.51% 0.25% 1.10% 0.33% 0.82% 0.14% 0.40% 0.53% 0.59% 0.54% 0.29% 0.48% 0.58% 0.63% 0.52% 0.05% 0.76% 0.51% 0.50% 0.48% 0.66% 0.18% 0.66% 0.52% Ownership 122 238 484 32 962 162 115 563 875 22 745 574 130 941 267 141 870 562 444 353 22 439 019 126 517 058 8 082 251 30 666 797 107 882 499 18 740 593 43 261 967 117 314 982 166 377 441 100 093 156 514 836 685 8 204 140 821 590 004 9 938 569 4 952 301 11 604 314 101 431 275 9 282 935 77 768 938 1 295 478 584 126 572 567 26 768 063 8 503 926 58 577 778 1 237 526 484 7 492 031 73 503 132 26 161 544 17 601 938 12 057 844 404 021 983 1 050 529 512 1 067 440 060 657 008 856 20 337 598 7 483 462 675 526 471 85 667 070 181 015 786 23 130 901 4 226 462 24 557 788 27 960 153 21 273 893 250 723 909 43 115 887 17 542 725 27 083 040 44 119 510 21 317 800 81 717 987 37 877 345 36 237 977 75 486 938 24 435 535 174 567 76 274 122 816 118 655 5 230 208 62 173 864 7 084 976 9 464 064 20 127 798 93 081 106 138 153 302 9 573 396 344 019 618 85 663 596 19 394 178 9 944 069 34 650 825 5 758 478 42 413 120 81 642 657 49 654 593 7 271 438 7 225 389 9 936 126 17 045 096 26 567 998 497 427 634 3 401 859 38 352 832 29 277 554 Voting Snap-On Inc Consumer Goods Snyders-Lance Inc Consumer Goods Sohu.com IncTechnology SolarWinds IncTechnology Solera Holdings IncTechnology Solutia IncBasic Materials Sonic Automotive Inc Consumer Services Sonic Corp Consumer Services Sonoco Products CoIndustrials SonoSite Inc Health Care Sonus Networks IncTechnology Sotheby’s Consumer Services Sourcefire IncTechnology South Jersey Industries IncUtilities Southern CoUtilities Southern Copper CorpBasic Materials Southern Union CoOil & Gas Southwest Airlines Co Consumer Services Southwest Gas CorpUtilities Southwestern Energy CoOil & Gas Sovran Self Storage Inc Financials Spartan Stores Inc Consumer Services Spartech CorpBasic Materials Spectra Energy CorpUtilities Speedway Motorsports Inc Consumer Services Spirit Aerosystems Holdings IncIndustrials Sprint Nextel CorpTelecommunications SPX CorpIndustrials SRA International IncTechnology St Augustine Gold and Copper LtdBasic Materials St Joe Co/The Financials St Jude Medical Inc Health Care Stage Stores Inc Consumer Services StanCorp Financial Group Inc Financials Standard Microsystems CorpTechnology Standard Pacific Corp Consumer Goods Standex International CorpIndustrials Stanley Black & Decker Inc Consumer Goods Staples Inc Consumer Services Starbucks Corp Consumer Services Starwood Hotels & Resorts Worldwide Inc Consumer Services Starwood Property Trust Inc Financials State Auto Financial Corp Financials State Street Corp Financials STEC IncTechnology Steel Dynamics IncBasic Materials Steelcase Inc Consumer Goods Stein Mart Inc Consumer Services Steiner Leisure Ltd Consumer Services Stepan CoBasic Materials Stereotaxis Inc Health Care Stericycle IncIndustrials STERIS Corp Health Care Sterling Bancorp/NY Financials Sterling Bancshares Inc/TX Financials Steven Madden Ltd Consumer Goods Stewart Enterprises Inc Consumer Services Stifel Financial Corp Financials Stillwater Mining CoBasic Materials Stone Energy CorpOil & Gas STR Holdings IncOil & Gas Strategic Hotels & Resorts Inc Financials Strattec Security Corp Consumer Goods Strayer Education Inc Consumer Services Stryker Corp Health Care Student Loan Corp/The Financials SuccessFactors IncTechnology Suffolk Bancorp Financials Sun Communities Inc Financials Sun Healthcare Group Inc Health Care Sunoco IncOil & Gas SunPower CorpOil & Gas Sunstone Hotel Investors Inc Financials SunTrust Banks Inc Financials Superior Energy Services IncOil & Gas Superior Industries International Inc Consumer Goods Supertex IncTechnology SUPERVALU Inc Consumer Services SurModics Inc Health Care Susquehanna Bancshares Inc Financials SVB Financial Group Financials Swift Energy CoOil & Gas Swift Transporation CoIndustrials SWS Group Inc Financials SY Bancorp Inc Financials Sycamore Networks IncTechnology SYKES Enterprises IncIndustrials Symantec CorpTechnology Symmetry Medical Inc Health Care Synaptics IncTechnology Synchronoss Technologies IncTechnology Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 92 786 758 8 355 503 71 907 361 53 416 855 68 409 931 14 396 839 160 864 979 30 186 492 92 323 854 24 314 977 207 432 640 79 108 232 3 728 447 218 366 832 448 0.58% 0.47% 0.62% 0.44% 0.69% 0.24% 0.34% 0.39% 0.47% 0.53% 0.64% 0.20% 0.63% 0.89% 0.58% 0.47% 0.62% 0.44% 0.69% 0.24% 0.34% 0.39% 0.47% 0.53% 0.63% 0.20% 0.63% 0.89% VF Corp Consumer Goods Viacom Inc Consumer Services Viad CorpIndustrials Viasat IncTechnology Vicor CorpIndustrials Virgin Media IncTelecommunications Viropharma Inc Health Care Visa Inc Financials Vishay Intertechnology IncIndustrials VistaPrint NVIndustrials Vitamin Shoppe Inc Consumer Services Vivus Inc Health Care VMware IncTechnology Vocus IncTechnology Volcano Corp Health Care Volcom Inc Consumer Goods Volt Information Sciences IncIndustrials Vornado Realty Trust Financials Vulcan Materials CoIndustrials W&T Offshore IncOil & Gas WABCO Holdings Inc Consumer Goods Wabtec Corp/DEIndustrials Waddell & Reed Financial Inc Financials Walgreen Co Consumer Services Walt Disney Co/The Consumer Services Walter Energy IncBasic Materials Warnaco Group Inc/The Consumer Goods Warner Chilcott PLC Health Care Warner Music Group Corp Consumer Services Washington Federal Inc Financials Washington Post Co/The Consumer Services Washington Real Estate Investment Trust Financials Washington Trust Bancorp Inc Financials Waste Connections IncIndustrials Waste Management IncIndustrials Waters Corp Health Care Watsco IncIndustrials Watson Pharmaceuticals Inc Health Care Watts Water Technologies IncIndustrials Wausau Paper CorpBasic Materials WD-40 Co Consumer Goods Weatherford International LtdOil & Gas WebMD Health Corp Consumer Services Websense IncTechnology Webster Financial Corp Financials Weight Watchers International Inc Consumer Services Weingarten Realty Investors Financials Weis Markets Inc Consumer Services WellCare Health Plans Inc Health Care WellPoint Inc Health Care Wells Fargo & Co Financials Wendy’s/Arby’s Group Inc Consumer Services Werner Enterprises IncIndustrials WesBanco Inc Financials Wesco Financial Corp Financials WESCO International IncIndustrials West Pharmaceutical Services Inc Health Care Westamerica Bancorporation Financials Westar Energy IncUtilities Western Alliance Bancorp Financials Western Digital CorpTechnology Western Refining IncOil & Gas Western Union Co/The Financials Westlake Chemical CorpBasic Materials Weyerhaeuser CoIndustrials WGL Holdings IncUtilities Whirlpool Corp Consumer Goods White Mountains Insurance Group Ltd Financials Whiting Petroleum CorpOil & Gas Whitney Holding Corp/LA Financials Whole Foods Market Inc Consumer Services Willbros Group IncOil & Gas Williams Cos Inc/TheOil & Gas Williams-Sonoma Inc Consumer Services Willis Group Holdings PLC Financials Wilmington Trust Corp Financials Windstream CorpTelecommunications Winn-Dixie Stores Inc Consumer Services Winnebago Industries Inc Consumer Goods Wintrust Financial Corp Financials Wisconsin Energy CorpUtilities WMS Industries Inc Consumer Services Wolverine World Wide Inc Consumer Goods Woodward IncIndustrials World Acceptance Corp Financials World Fuel Services CorpIndustrials Worthington Industries IncBasic Materials WR Berkley Corp Financials WR Grace & CoBasic Materials Wright Express CorpIndustrials Wright Medical Group Inc Health Care Market value (NOK) 351 466 386 1 642 813 729 19 069 892 68 569 451 15 444 557 1 754 488 924 33 594 413 2 692 708 695 97 321 645 55 963 459 12 567 851 18 407 828 331 261 473 11 675 068 108 813 619 12 148 255 3 217 247 360 456 487 368 676 872 19 478 728 146 606 617 89 559 734 125 229 104 1 826 403 054 2 312 696 094 373 572 498 91 912 539 136 916 898 15 711 398 71 143 401 44 942 968 25 365 819 9 656 206 113 558 463 1 252 914 713 234 385 230 67 698 351 364 131 231 74 128 971 14 421 648 23 702 132 534 347 691 92 856 108 35 629 089 58 715 141 46 985 235 29 739 669 7 671 099 20 256 215 949 133 251 5 997 893 710 73 528 548 43 867 981 15 927 818 12 736 947 86 134 554 22 909 855 56 471 431 313 762 553 20 440 027 272 292 394 25 037 768 569 016 334 29 903 926 458 458 774 22 133 184 324 256 871 108 498 494 664 966 683 52 350 712 437 285 615 12 711 381 346 331 427 368 888 405 212 289 216 13 296 504 144 900 539 458 307 15 579 992 36 970 337 21 775 492 96 039 442 62 241 998 89 768 663 30 645 500 90 797 550 54 440 224 134 320 867 125 194 480 64 433 364 6 837 540 0.65% 0.00% 0.64% 0.65% 0.11% 3.43% 0.43% 1.33% 0.39% 0.48% 0.23% 0.42% 0.02% 0.37% 1.34% 0.45% 0.31% 0.41% 1.11% 0.25% 0.64% 0.61% 0.71% 0.87% 0.56% 0.95% 0.65% 0.41% 0.31% 0.64% 0.21% 0.22% 0.47% 0.62% 1.23% 0.57% 0.43% 0.92% 0.35% 0.59% 0.61% 0.54% 0.54% 0.72% 0.65% 0.29% 0.18% 0.12% 0.27% 0.73% 0.63% 0.65% 0.46% 0.54% 0.08% 0.66% 0.29% 0.60% 1.93% 0.59% 0.60% 0.46% 0.80% 0.18% 0.00% 0.21% 0.83% 0.67% 1.67% 0.66% 0.86% 0.47% 0.41% 1.69% 0.62% 0.58% 0.37% 0.02% 0.61% 0.55% 0.05% 0.63% 0.69% 0.60% 0.64% 0.63% 0.69% 0.58% 0.84% 0.63% 0.19% 0.65% 1.18% 0.64% 0.65% 0.39% 3.43% 0.43% 0.90% 0.69% 0.48% 0.23% 0.42% 0.15% 0.37% 1.34% 0.45% 0.31% 0.41% 1.11% 0.25% 0.64% 0.61% 0.71% 0.87% 0.56% 0.95% 0.65% 0.41% 0.31% 0.64% 0.21% 0.22% 0.47% 0.62% 1.23% 0.57% 0.57% 0.92% 0.94% 0.59% 0.60% 0.54% 0.54% 0.72% 0.65% 0.29% 0.18% 0.12% 0.27% 0.73% 0.63% 0.65% 0.46% 0.54% 0.08% 0.60% 0.29% 0.60% 1.93% 0.59% 0.60% 0.46% 0.80% 0.18% 0.00% 0.21% 0.83% 0.67% 1.67% 0.66% 0.86% 0.47% 0.41% 1.69% 0.62% 0.58% 0.37% 0.02% 0.61% 0.55% 0.05% 0.63% 0.69% 0.60% 0.64% 0.63% 0.69% 0.58% 0.84% 0.63% 0.19% Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company). 48 Government pension fund global ANNUAL REPORT 2010 0.64% 1.19% 3.54% 0.65% 0.54% 0.59% 0.63% 0.58% 0.49% 0.64% 0.45% 0.33% 0.40% 0.34% 0.57% 0.52% 0.60% 0.82% 0.94% 1.72% 0.12% 0.65% 0.68% 0.50% 0.63% 0.34% 0.45% 0.82% 0.28% 0.72% 0.65% 0.65% 0.73% 0.62% 0.50% 0.26% 0.43% 0.47% 0.60% 0.22% 0.94% 0.64% 0.62% 2.53% 0.72% 0.47% 0.43% 0.60% 0.45% 0.16% 1.17% 0.43% 1.47% 0.16% 0.79% 0.14% 0.15% 0.50% 0.20% 0.73% 0.43% 0.66% 0.45% 0.29% 0.61% 0.46% 0.65% 0.63% 0.56% 0.08% 0.61% 0.60% 0.62% 0.65% 0.66% 1.04% Ownership 0.64% 0.00% 3.54% 0.65% 0.54% 0.59% 0.63% 0.58% 0.49% 0.64% 0.45% 0.33% 0.40% 0.34% 0.57% 0.19% 0.60% 0.82% 0.94% 1.72% 0.12% 0.65% 0.68% 0.50% 0.63% 0.11% 0.14% 0.82% 0.28% 0.72% 0.65% 0.65% 0.74% 0.62% 0.50% 0.26% 0.43% 0.14% 0.60% 0.35% 0.94% 0.64% 0.62% 2.53% 0.72% 0.47% 0.43% 0.60% 0.45% 0.16% 0.14% 0.43% 1.47% 0.16% 0.79% 0.02% 0.15% 0.50% 0.20% 0.73% 0.43% 0.66% 0.45% 0.29% 0.61% 0.46% 0.65% 0.63% 0.56% 0.08% 0.61% 0.60% 0.62% 0.65% 0.66% 1.04% Sector Ownership Voting 80 603 232 6 066 059 116 598 231 29 762 138 15 487 512 54 004 830 235 040 521 15 515 771 33 800 926 111 661 502 26 279 805 50 145 587 366 844 085 398 669 718 22 104 597 195 438 675 17 691 204 696 156 191 161 570 150 741 057 14 625 238 46 549 606 289 378 843 48 682 094 50 897 973 55 862 252 28 441 256 2 186 614 395 20 894 079 46 163 271 84 158 829 48 473 969 7 872 755 270 090 453 17 029 665 26 868 845 14 145 290 1 974 859 055 47 817 934 53 723 458 456 941 060 55 138 456 2 614 595 300 528 183 494 1 662 970 309 41 617 993 38 556 799 41 061 267 19 584 419 4 237 695 288 386 383 13 351 279 654 632 027 55 326 772 159 081 940 4 641 509 14 474 274 1 494 127 059 3 782 842 16 528 166 17 537 036 26 384 137 45 610 615 15 285 899 76 417 491 8 252 943 70 655 980 58 702 828 429 234 963 12 025 990 117 531 874 80 065 383 84 919 169 126 597 346 49 456 399 496 294 082 Voting Triumph Group IncIndustrials Trius Therapeutics Inc Health Care True Religion Apparel Inc Consumer Goods TrueBlue IncIndustrials Trustco Bank Corp NY Financials Trustmark Corp Financials TRW Automotive Holdings Corp Consumer Goods Tsakos Energy Navigation LtdIndustrials TTM Technologies IncIndustrials Tupperware Brands Corp Consumer Goods Tutor Perini CorpIndustrials tw telecom incTelecommunications Tyco Electronics LtdIndustrials Tyco International LtdIndustrials Tyler Technologies IncTechnology Tyson Foods Inc Consumer Goods UCBH Holdings Inc Financials UDR Inc Financials UGI CorpUtilities UIL Holdings CorpUtilities Ulta Salon Cosmetics & Fragrance Inc Consumer Services Ultimate Software Group IncTechnology Ultra Petroleum CorpOil & Gas UMB Financial Corp Financials Umpqua Holdings Corp Financials Under Armour Inc Consumer Goods Unifirst Corp/MAIndustrials Union Pacific CorpIndustrials Unisource Energy CorpUtilities Unisys CorpTechnology Unit CorpOil & Gas United Bankshares Inc Financials United Community Banks Inc/GA Financials United Continental Holdings Inc Consumer Services United Fire & Casualty Co Financials United Natural Foods Inc Consumer Services United Online IncTechnology United Parcel Service IncIndustrials United Rentals IncIndustrials United States Cellular CorpTelecommunications United States Steel CorpBasic Materials United Stationers IncIndustrials United Technologies CorpIndustrials United Therapeutics Corp Health Care UnitedHealth Group Inc Health Care Unitrin Inc Financials Universal American Corp/NY Health Care Universal Display CorpIndustrials Universal Forest Products IncIndustrials Universal Health Realty Income Trust Financials Universal Health Services Inc Health Care Universal Technical Institute IncIndustrials Unum Group Financials Urban Outfitters Inc Consumer Services URS CorpIndustrials Urstadt Biddle Properties Inc Financials US Airways Group Inc Consumer Services US Bancorp Financials US Ecology IncIndustrials USA Mobility IncTelecommunications USANA Health Sciences Inc Consumer Goods USEC IncBasic Materials USG CorpIndustrials U-Store-It Trust Financials UTi Worldwide IncIndustrials UTStarcom IncTechnology Vail Resorts Inc Consumer Services Valassis Communications Inc Consumer Services Valero Energy CorpOil & Gas Valhi IncBasic Materials Validus Holdings Ltd Financials Valley National Bancorp Financials Valmont Industries IncIndustrials Valspar CorpIndustrials ValueClick Inc Consumer Services Varian Medical Systems Inc Health Care Varian Semiconductor Equipment Associates IncTechnology VASCO Data Security International IncTechnology VCA Antech Inc Consumer Services Vectren CorpUtilities Veeco Instruments IncIndustrials Venoco IncOil & Gas Ventas Inc Financials Vera Bradley Inc Consumer Goods VeriFone Systems IncTechnology Verigy LtdTechnology VeriSign IncTechnology Verisk Analytics IncIndustrials Verizon Communications IncTelecommunications Vertex Pharmaceuticals Inc Health Care Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Ownership Voting 1.14% 0.62% 0.64% 0.58% 0.25% 0.72% 0.62% 0.60% 0.63% 1.07% 0.56% 0.62% 0.61% 0.61% 0.47% 0.59% 0.30% 0.63% 0.56% 3.00% 0.49% 0.58% 0.60% Market value (NOK) 1.14% 0.62% 0.64% 0.58% 0.25% 0.72% 0.62% 0.60% 0.63% 1.07% 0.56% 0.62% 0.61% 0.61% 0.47% 0.59% 0.30% 0.63% 0.56% 3.00% 0.49% 0.58% 0.60% Sector Ownership 26 692 116 344 560 920 196 296 038 434 318 711 156 995 427 12 334 321 573 755 264 261 970 135 260 095 581 1 350 281 428 5 797 100 829 441 113 76 088 196 15 276 387 289 599 530 148 141 661 13 891 325 14 449 332 14 434 683 143 732 930 13 248 663 36 544 967 57 588 061 Voting WSFS Financial Corp Financials WW Grainger IncIndustrials Wyndham Worldwide Corp Consumer Services Wynn Resorts Ltd Consumer Services Xcel Energy IncUtilities XenoPort Inc Health Care Xerox CorpTechnology Xilinx IncTechnology XL Group Plc Financials Yahoo! IncTechnology YRC Worldwide IncIndustrials Yum! Brands Inc Consumer Services Zebra Technologies CorpIndustrials Zep IncBasic Materials Zimmer Holdings Inc Health Care Zions Bancorporation Financials Zoll Medical Corp Health Care Zoltek Cos IncBasic Materials Zoran CorpTechnology Zumiez Inc Consumer Services AAON IncIndustrials AAR CorpIndustrials Aaron’s Inc Consumer Services Market value (NOK) Sector Government Pension Fund Global Holding of equities at 31 December 2010 Government pension fund global ANNUAL REPORT 2010 49 Country association according to FTSE (the benchmark provider for equities). If a company is not in the benchmark, the country of incorporation is listed. Sector classification according to ICB (the Industry Classification ­Benchmark company).
