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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
-2.48%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$493B
AUM Growth
-$13.9B
Cap. Flow
+$4B
Cap. Flow %
0.81%
Top 10 Hldgs %
26.74%
Holding
2,065
New
58
Increased
885
Reduced
754
Closed
99

Top Buys

Rank Stock Value
1
CRH icon
CRH
CRH
+$895M
2
WELL icon
Welltower
WELL
+$788M
3
KVUE icon
Kenvue
KVUE
+$728M
4
SPG icon
Simon Property Group
SPG
+$624M
5
EXR icon
Extra Space Storage
EXR
+$379M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$747M
2
JNJ icon
Johnson & Johnson
JNJ
+$703M
3
AAPL icon
Apple
AAPL
+$605M
4
LSI
Life Storage, Inc.
LSI
+$408M
5
GOOG icon
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
POST icon
651
Post Holdings
POST
$4.04B
$77.9M 0.02%
908,842
-39,215
-4% -$3.42M
CHRW icon
652
C.H. Robinson
CHRW
$17.9B
$77.9M 0.02%
904,618
+68,919
+8% +$6.43M
CGNX icon
653
Cognex
CGNX
$11.8B
$77.8M 0.02%
1,833,513
+35,544
+2% +$1.75M
GNTX icon
654
Gentex
GNTX
$5.14B
$77.3M 0.02%
2,376,463
+41,209
+2% +$1.32M
JEF icon
655
Jefferies Financial Group
JEF
$13B
$77.3M 0.02%
2,110,850
+24,585
+1% +$881K
UEC icon
656
Uranium Energy
UEC
$5.31B
$77.3M 0.02%
15,000,000
+10,208,475
+213% +$41.6M
CAE icon
657
CAE Inc. Common Shares
CAE
$8.62B
$76.6M 0.02%
3,280,001
-44,533
-1% -$1.03M
OLED icon
658
Universal Display
OLED
$3.95B
$76.6M 0.02%
487,726
+2,489
+0.5% +$378K
BE icon
659
Bloom Energy
BE
$69B
$76.4M 0.02%
5,759,544
-245,430
-4% -$3.85M
ARW icon
660
Arrow Electronics
ARW
$11.6B
$76.3M 0.02%
609,375
-91,989
-13% -$12.3M
CHDN icon
661
Churchill Downs
CHDN
$6.02B
$76.2M 0.02%
656,250
-87,033
-12% -$10.8M
NNN icon
662
NNN REIT
NNN
$9.01B
$76M 0.02%
2,151,419
+188,621
+10% +$7.56M
WFRD icon
663
Weatherford International
WFRD
$6.27B
$75.9M 0.02%
839,820
+160,465
+24% +$13.6M
TTEK icon
664
Tetra Tech
TTEK
$8.78B
$75.5M 0.02%
2,484,000
-12,465
-0.5% -$405K
CPB icon
665
Campbell Soup
CPB
$6.87B
$75.3M 0.02%
1,833,640
-131,920
-7% -$5.77M
FR icon
666
First Industrial Realty Trust
FR
$8.51B
$75M 0.02%
1,576,339
-29,422
-2% -$1.52M
MAS icon
667
Masco
MAS
$15.2B
$74.8M 0.02%
1,399,306
+212,054
+18% +$12.2M
APG icon
668
APi Group
APG
$18.1B
$74.7M 0.02%
4,320,048
+1,416,020
+49% +$26M
CIEN icon
669
Ciena
CIEN
$57.9B
$74.6M 0.02%
1,578,555
+23,179
+1% +$1.02M
SON icon
670
Sonoco
SON
$5.78B
$74.5M 0.02%
1,371,114
+250,185
+22% +$14.2M
SHEL icon
671
Shell
SHEL
$243B
$73.9M 0.02%
1,147,769
-1,547,911
-57% -$96.4M
TPR icon
672
Tapestry
TPR
$32.2B
$73.8M 0.02%
2,567,290
+761,475
+42% +$27.9M
EWBC icon
673
East-West Bancorp
EWBC
$18.3B
$73.3M 0.01%
1,391,218
+115,158
+9% +$6.47M
VOYA icon
674
Voya Financial
VOYA
$9.08B
$73.2M 0.01%
1,101,701
+47,412
+4% +$3.37M
WBS icon
675
Webster Financial
WBS
$12.8B
$73.1M 0.01%
1,812,761
+21,149
+1% +$899K
25 26
27
28 29

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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.