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 | |
|---|---|---|---|---|---|---|
|
AXNX
676
DELISTED
Axonics, Inc. Common Stock
AXNX
| $72.7M | 0.01% |
1,296,097
-18,603
| -1% | -$1.05M |
|
677
Full Truck Alliance
YMM
$9.91B
| $72.7M | 0.01% |
10,330,453
+2,889,777
| +39% | +$19.9M |
|
678
Wyndham Hotels & Resorts
WH
$5.65B
| $72.6M | 0.01% |
1,044,280
+147,383
| +16% | +$10.9M |
|
679
Lamb Weston
LW
$7.33B
| $72.6M | 0.01% |
784,988
+120,768
| +18% | +$12.2M |
|
680
Fortune Brands Innovations
FBIN
$6.24B
| $72.5M | 0.01% |
1,166,268
+15,598
| +1% | +$1.07M |
|
681
Charles River Laboratories
CRL
$12.6B
| $72.3M | 0.01% |
369,073
-14,344
| -4% | -$2.94M |
|
682
Cleveland-Cliffs
CLF
$7.22B
| $72.3M | 0.01% |
4,625,531
-313,976
| -6% | -$4.9M |
|
683
Dentsply Sirona
XRAY
$2.76B
| $72.1M | 0.01% |
2,111,076
-938,524
| -31% | -$35.7M |
|
684
New York Times
NYT
$10.6B
| $72M | 0.01% |
1,747,745
+86,656
| +5% | +$3.65M |
|
685
Hasbro
HAS
$12.9B
| $71.8M | 0.01% |
1,086,221
-188,804
| -15% | -$12.5M |
|
|
X
686
DELISTED
US Steel
X
| $71.5M | 0.01% |
2,202,622
-53,700
| -2% | -$1.51M |
|
687
FirstService
FSV
$6.35B
| $71.4M | 0.01% |
490,842
| – | – |
|
688
Axcelis
ACLS
$4.2B
| $71.3M | 0.01% |
437,324
+84,671
| +24% | +$14.9M |
|
689
Check Point Software Technologies
CHKP
$12.8B
| $70.9M | 0.01% |
531,677
-21,685
| -4% | -$2.85M |
|
690
SoFi Technologies
SOFI
$23.5B
| $70.9M | 0.01% |
8,867,684
+2,240,756
| +34% | +$19.7M |
|
691
Olin
OLN
$2.13B
| $70.8M | 0.01% |
1,416,639
-17,492
| -1% | -$944K |
|
692
Liberty Global Class A
LBTYA
$3.61B
| $70.7M | 0.01% |
4,128,917
+54,975
| +1% | +$992K |
|
693
H&R Block
HRB
$5.82B
| $70.7M | 0.01% |
1,641,332
+240,176
| +17% | +$8.87M |
|
|
CYBR
694
DELISTED
CyberArk
CYBR
| $70.5M | 0.01% |
430,757
+5,001
| +1% | +$803K |
|
695
LyondellBasell Industries
LYB
$19.1B
| $70.3M | 0.01% |
742,456
+79,122
| +12% | +$7.61M |
|
696
Jones Lang LaSalle
JLL
$17.2B
| $70.2M | 0.01% |
496,941
+19,522
| +4% | +$3.19M |
|
697
Ingredion
INGR
$6.51B
| $69.5M | 0.01% |
706,387
+14,311
| +2% | +$1.48M |
|
698
International Flavors & Fragrances
IFF
$22.5B
| $69.3M | 0.01% |
1,017,044
-37,793
| -4% | -$2.76M |
|
699
Toast
TOST
$20.2B
| $69.1M | 0.01% |
3,688,574
-96,688
| -3% | -$2.1M |
|
700
STAG Industrial
STAG
$7.19B
| $69.1M | 0.01% |
2,000,950
| – | – |
|
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.