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 | |
|---|---|---|---|---|---|---|
601
MarketAxess Holdings
MKTX
$5.72B
| $91.1M | 0.02% |
426,502
+3,809
| +0.9% | +$923K |
|
602
Essential Utilities
WTRG
$11.2B
| $90.5M | 0.02% |
2,636,074
| – | – |
|
603
TransUnion
TRU
$15.3B
| $90.4M | 0.02% |
1,259,017
-309,527
| -20% | -$24.3M |
|
604
Teleflex
TFX
$6.06B
| $90.4M | 0.02% |
460,073
+4,882
| +1% | +$1.11M |
|
605
KeyCorp
KEY
$24.8B
| $90.2M | 0.02% |
8,380,566
+614,156
| +8% | +$6.8M |
|
606
Tyson Foods
TSN
$20.5B
| $90.1M | 0.02% |
1,784,908
-15,081
| -0.8% | -$803K |
|
|
FLG
607
Flagstar Bank National Association
FLG
$5.96B
| $89.8M | 0.02% |
2,640,833
+1,544,784
| +141% | +$55.9M |
|
608
American Financial Group
AFG
$12.2B
| $89.4M | 0.02% |
800,198
+12,297
| +2% | +$1.42M |
|
609
CACI
CACI
$11.4B
| $89.2M | 0.02% |
284,276
+39,145
| +16% | +$13.1M |
|
610
Clean Harbors
CLH
$16.3B
| $88.8M | 0.02% |
530,802
-27,570
| -5% | -$4.65M |
|
611
PBF Energy
PBF
$7.25B
| $88.5M | 0.02% |
1,653,411
+301,400
| +22% | +$14.4M |
|
|
SGI
612
Somnigroup International
SGI
$14.6B
| $88.2M | 0.02% |
2,033,991
+188,968
| +10% | +$8.38M |
|
613
Allegion
ALLE
$14.3B
| $88.1M | 0.02% |
845,308
+55,712
| +7% | +$6.27M |
|
614
Curtiss-Wright
CW
$27.6B
| $88.1M | 0.02% |
450,229
-5,226
| -1% | -$1.04M |
|
615
WEX
WEX
$6.42B
| $87.7M | 0.02% |
466,383
| – | – |
|
616
Annaly Capital Management
NLY
$17.1B
| $87.7M | 0.02% |
4,662,805
+61,974
| +1% | +$1.23M |
|
617
Algonquin Power & Utilities
AQN
$4.44B
| $87.5M | 0.02% |
14,787,910
+810,810
| +6% | +$6.11M |
|
618
Toro Company
TTC
$9.42B
| $87.5M | 0.02% |
1,052,656
-8,682
| -0.8% | -$836K |
|
619
Super Micro Computer
SMCI
$19.6B
| $86.2M | 0.02% |
3,142,870
+2,171,230
| +223% | +$60.6M |
|
620
EastGroup Properties
EGP
$10.9B
| $85.6M | 0.02% |
514,143
+7,993
| +2% | +$1.42M |
|
621
CenterPoint Energy
CNP
$26.8B
| $85.4M | 0.02% |
3,180,260
-113,150
| -3% | -$3.27M |
|
|
PGRE
622
DELISTED
Paramount Group
PGRE
| $84.9M | 0.02% |
18,378,272
| – | – |
|
|
NATI
623
DELISTED
National Instruments Corp
NATI
| $84.9M | 0.02% |
1,423,516
+115,391
| +9% | +$6.78M |
|
624
Maplebear
CART
$10.7B
| $84.8M | 0.02% |
+2,854,921
| New | +$86.5M |
|
625
Penumbra
PEN
$12.7B
| $84.3M | 0.02% |
348,401
-31,971
| -8% | -$8.88M |
|
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.