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 | |
|---|---|---|---|---|---|---|
|
CTLT
401
DELISTED
CATALENT, INC.
CTLT
| $179M | 0.04% |
3,929,947
-1,431,248
| -27% | -$66.9M |
|
402
Corebridge Financial
CRBG
$14.1B
| $179M | 0.04% |
9,057,623
-1,033,801
| -10% | -$19.2M |
|
403
Aflac
AFL
$63.7B
| $178M | 0.04% |
2,322,733
-391,849
| -14% | -$29.1M |
|
|
HOLX
404
DELISTED
Hologic
HOLX
| $177M | 0.04% |
2,550,753
+20,374
| +0.8% | +$1.54M |
|
405
First Citizens BancShares
FCNCA
$25.6B
| $175M | 0.04% |
127,085
+5,701
| +5% | +$7.83M |
|
406
Edison International
EIX
$27.2B
| $175M | 0.04% |
2,759,992
-299,660
| -10% | -$20.9M |
|
407
Brookfield Asset Management
BAM
$82.9B
| $174M | 0.04% |
5,223,366
+168,650
| +3% | +$5.69M |
|
408
Jabil
JBL
$35.6B
| $171M | 0.03% |
1,343,856
+80,905
| +6% | +$8.85M |
|
409
KE Holdings
BEKE
$18.9B
| $170M | 0.03% |
10,938,244
-284,176
| -3% | -$4.52M |
|
410
Corpay
CPAY
$25.9B
| $169M | 0.03% |
663,802
+59,344
| +10% | +$15.5M |
|
411
Corteva
CTVA
$52.2B
| $169M | 0.03% |
3,311,688
+110,304
| +3% | +$5.84M |
|
412
GFL Environmental
GFL
$15.2B
| $169M | 0.03% |
5,332,602
+174,720
| +3% | +$6M |
|
413
TFI International
TFII
$11.6B
| $168M | 0.03% |
1,309,427
-12,534
| -0.9% | -$1.59M |
|
414
Entegris
ENTG
$22B
| $168M | 0.03% |
1,790,454
+193,644
| +12% | +$19.4M |
|
415
Ares Management
ARES
$32.2B
| $168M | 0.03% |
1,629,559
+43,787
| +3% | +$4.43M |
|
416
T. Rowe Price
TROW
$24.7B
| $167M | 0.03% |
1,595,295
-444,944
| -22% | -$50.1M |
|
417
McCormick & Company Non-Voting
MKC
$14B
| $167M | 0.03% |
2,206,841
-74,564
| -3% | -$6.23M |
|
418
Pinterest
PINS
$14.3B
| $167M | 0.03% |
6,175,124
+131,233
| +2% | +$3.58M |
|
419
Teradyne
TER
$63.1B
| $167M | 0.03% |
1,660,932
+65,780
| +4% | +$6.94M |
|
420
Magna International
MGA
$18.7B
| $166M | 0.03% |
3,090,152
+30,136
| +1% | +$1.76M |
|
421
Builders FirstSource
BLDR
$8.11B
| $165M | 0.03% |
1,323,491
+152,408
| +13% | +$21M |
|
422
Las Vegas Sands
LVS
$29.8B
| $164M | 0.03% |
3,569,009
+135,581
| +4% | +$7.33M |
|
423
Leidos
LDOS
$16.4B
| $163M | 0.03% |
1,771,939
+293,804
| +20% | +$27.7M |
|
424
Carlisle Companies
CSL
$15.3B
| $163M | 0.03% |
629,450
-11,002
| -2% | -$2.95M |
|
425
Huntington Bancshares
HBAN
$35.5B
| $163M | 0.03% |
15,664,693
+173,784
| +1% | +$1.95M |
|
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.