Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CRH
CRH
|
+$895M |
| 2 |
Welltower
WELL
|
+$788M |
| 3 |
Kenvue
KVUE
|
+$728M |
| 4 |
Simon Property Group
SPG
|
+$624M |
| 5 |
Extra Space Storage
EXR
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$747M |
| 2 |
Johnson & Johnson
JNJ
|
+$703M |
| 3 |
Apple
AAPL
|
+$605M |
| 4 |
LSI
Life Storage, Inc.
LSI
|
+$408M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$365M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.04% |
| 2 | Financials | 13.88% |
| 3 | Healthcare | 12.92% |
| 4 | Consumer Discretionary | 11.28% |
| 5 | Communication Services | 8.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
GE HealthCare
GEHC
$31.6B
| $252M | 0.05% |
3,707,493
+470,031
| +15% | +$34.2M |
|
327
Trade Desk
TTD
$8.95B
| $252M | 0.05% |
3,226,877
+221,587
| +7% | +$17.9M |
|
328
Keysight
KEYS
$58.7B
| $252M | 0.05% |
1,901,737
-319,179
| -14% | -$47.3M |
|
329
CGI
GIB
$15.3B
| $251M | 0.05% |
2,549,394
+45,784
| +2% | +$4.68M |
|
330
CarMax
KMX
$8.24B
| $250M | 0.05% |
3,536,948
+631,503
| +22% | +$51.7M |
|
331
CBRE Group
CBRE
$43.8B
| $250M | 0.05% |
3,382,622
+85,477
| +3% | +$7.09M |
|
|
XYZ
332
Block Inc
XYZ
$50.1B
| $250M | 0.05% |
5,637,522
-876,065
| -13% | -$54.2M |
|
|
DFS
333
DELISTED
Discover Financial Services
DFS
| $248M | 0.05% |
2,867,545
-315,599
| -10% | -$31.3M |
|
334
SBA Communications
SBAC
$19.8B
| $247M | 0.05% |
1,233,862
+199,011
| +19% | +$44.3M |
|
335
Fortive
FTV
$18.2B
| $247M | 0.05% |
4,417,251
-34,664
| -0.8% | -$1.99M |
|
336
Hartford Financial Services
HIG
$39B
| $247M | 0.05% |
3,477,155
+11,888
| +0.3% | +$863K |
|
337
Ingersoll Rand
IR
$34.6B
| $245M | 0.05% |
3,846,449
+80,637
| +2% | +$5.37M |
|
338
Corning
GLW
$138B
| $241M | 0.05% |
7,896,754
+31,698
| +0.4% | +$1.04M |
|
339
Tractor Supply
TSCO
$17.3B
| $238M | 0.05% |
5,858,430
+84,465
| +1% | +$3.66M |
|
340
Church & Dwight Co
CHD
$24.4B
| $236M | 0.05% |
2,578,020
+35,029
| +1% | +$3.35M |
|
341
Zimmer Biomet
ZBH
$18.5B
| $233M | 0.05% |
2,072,256
+33,538
| +2% | +$4.26M |
|
342
Cardinal Health
CAH
$54.6B
| $232M | 0.05% |
2,674,019
+37,550
| +1% | +$3.39M |
|
343
Molina Healthcare
MOH
$10B
| $231M | 0.05% |
703,624
+13,766
| +2% | +$4.33M |
|
344
Qiagen
QGEN
$8.66B
| $230M | 0.05% |
5,366,107
-609,331
| -10% | -$28.4M |
|
345
Monolithic Power Systems
MPWR
$66.5B
| $230M | 0.05% |
497,149
+8,478
| +2% | +$4.34M |
|
346
Consolidated Edison
ED
$40B
| $229M | 0.05% |
2,677,184
+83,658
| +3% | +$7.62M |
|
347
Align Technology
ALGN
$12.3B
| $229M | 0.05% |
749,723
+22,126
| +3% | +$7.65M |
|
348
Cboe Global Markets
CBOE
$30.4B
| $228M | 0.05% |
1,462,341
+73,373
| +5% | +$10.8M |
|
349
Dollar Tree
DLTR
$25.1B
| $228M | 0.05% |
2,144,770
+73,601
| +4% | +$9.86M |
|
350
Kroger
KR
$35.5B
| $227M | 0.05% |
5,081,658
-82,108
| -2% | -$3.86M |
|
Similar funds
Norges Bank's Q3 2023 Portfolio in Review
As of Q3 2023, Norges Bank held 2,065 positions worth $493B, down 2.7% from $507B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Norges Bank's Q3 2023 filing shows 58 new, 885 increased, 754 reduced and 99 closed positions. Its largest new stake was Maplebear: 2,854,921 shares worth $84.8M. The largest sale was Meta Platforms (Facebook), an estimated $747M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2023 buy was Maplebear: 2,854,921 shares worth $84.8M.
- Norges Bank added most to CRH in Q3 2023, an estimated $895M increase.
- Norges Bank's biggest Q3 2023 reduction was Meta Platforms (Facebook), cutting an estimated $747M.
- Norges Bank fully exited Life Storage, Inc. in Q3 2023, selling an estimated $408M.
- Norges Bank's ten largest holdings make up 27% of its $493B portfolio in Q3 2023.
- Norges Bank opened 58 new positions and closed 99 in Q3 2023.
- Norges Bank's portfolio value fell 2.7% quarter-over-quarter to $493B.
Based on Norges Bank's 13F filing for Q3 2023, filed 13 Nov 2023.