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 | |
|---|---|---|---|---|---|---|
501
Lattice Semiconductor
LSCC
$18.3B
| $126M | 0.03% |
1,469,048
-34,457
| -2% | -$3.11M |
|
502
Snap-on
SNA
$21.6B
| $126M | 0.03% |
494,822
-14,538
| -3% | -$3.93M |
|
503
Graco
GGG
$13.3B
| $126M | 0.03% |
1,727,486
+16,369
| +1% | +$1.29M |
|
504
Carlyle Group
CG
$18.1B
| $126M | 0.03% |
4,162,214
-713,506
| -15% | -$23M |
|
505
Western Digital
WDC
$190B
| $125M | 0.03% |
3,635,171
-39,565
| -1% | -$1.25M |
|
506
Insulet
PODD
$9.22B
| $125M | 0.03% |
785,015
+200,261
| +34% | +$44.8M |
|
507
Eastman Chemical
EMN
$8.4B
| $125M | 0.03% |
1,628,066
+293,570
| +22% | +$24.4M |
|
508
Bunge Global
BG
$20.6B
| $125M | 0.03% |
1,153,830
-230,771
| -17% | -$25.3M |
|
509
Watsco Inc
WSO
$13.7B
| $125M | 0.03% |
329,702
+3,482
| +1% | +$1.26M |
|
|
SWAV
510
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $123M | 0.03% |
618,073
+41,035
| +7% | +$9.7M |
|
511
Qorvo
QRVO
$8.37B
| $123M | 0.02% |
1,285,932
+27,917
| +2% | +$2.85M |
|
512
Bio-Techne
TECH
$11.2B
| $122M | 0.02% |
1,797,986
+279
| +0% | +$22K |
|
513
Spotify
SPOT
$100B
| $122M | 0.02% |
788,764
-518,566
| -40% | -$79M |
|
514
MGM Resorts International
MGM
$11.6B
| $122M | 0.02% |
3,312,260
-74,356
| -2% | -$3.29M |
|
515
Gaming and Leisure Properties
GLPI
$12.4B
| $121M | 0.02% |
2,652,316
-87,646
| -3% | -$4.18M |
|
516
Clorox
CLX
$12.7B
| $121M | 0.02% |
919,713
+30,297
| +3% | +$4.6M |
|
517
Pinnacle West Capital
PNW
$12.3B
| $120M | 0.02% |
1,634,569
-89,115
| -5% | -$7.07M |
|
518
Huazhu Hotels Group
HTHT
$13.1B
| $119M | 0.02% |
3,028,159
+665,655
| +28% | +$28.1M |
|
519
Twilio
TWLO
$29.2B
| $119M | 0.02% |
2,039,233
+163,833
| +9% | +$10.2M |
|
520
DraftKings
DKNG
$10.9B
| $119M | 0.02% |
4,051,501
-581,148
| -13% | -$17.2M |
|
521
Kimco Realty
KIM
$16.7B
| $119M | 0.02% |
6,738,049
-4,997,385
| -43% | -$97M |
|
|
P
522
Everpure Inc
P
$28.2B
| $118M | 0.02% |
3,324,555
-436,917
| -12% | -$16.2M |
|
523
Conagra Brands
CAG
$7.15B
| $118M | 0.02% |
4,297,621
-31,332
| -0.7% | -$966K |
|
524
Match Group
MTCH
$8.77B
| $118M | 0.02% |
3,003,133
-273,850
| -8% | -$12.1M |
|
525
Reliance Steel & Aluminium
RS
$21.4B
| $117M | 0.02% |
447,602
+102,241
| +30% | +$28.3M |
|
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.