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 | |
|---|---|---|---|---|---|---|
901
Nexstar Media Group
NXST
$5.8B
| $44.1M | 0.01% |
307,347
+4,900
| +2% | +$795K |
|
902
Envista
NVST
$4.66B
| $44M | 0.01% |
1,577,160
+161,506
| +11% | +$5.23M |
|
903
Roku
ROKU
$21.8B
| $43.9M | 0.01% |
622,163
-291,864
| -32% | -$22.6M |
|
904
Goodyear
GT
$1.99B
| $43.9M | 0.01% |
3,532,070
+1,623,036
| +85% | +$22.1M |
|
905
Lyft
LYFT
$6.26B
| $43.7M | 0.01% |
4,145,510
+758,362
| +22% | +$8.45M |
|
906
Exponent
EXPO
$3.24B
| $43.5M | 0.01% |
507,843
-5,369
| -1% | -$486K |
|
907
Coca-Cola Consolidated
COKE
$12.3B
| $43.4M | 0.01% |
682,610
+47,100
| +7% | +$3.13M |
|
908
Cirrus Logic
CRUS
$6.53B
| $43.2M | 0.01% |
584,556
-12,787
| -2% | -$999K |
|
909
Western Union
WU
$2.26B
| $43M | 0.01% |
3,262,558
+82,034
| +3% | +$1.01M |
|
910
Badger Meter
BMI
$4.04B
| $42.9M | 0.01% |
298,220
| – | – |
|
911
MasTec
MTZ
$21.4B
| $42.8M | 0.01% |
594,915
-41,132
| -6% | -$4.1M |
|
912
PagSeguro Digital
PAGS
$2.63B
| $42.7M | 0.01% |
4,963,564
| – | – |
|
|
ITCI
913
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $42.7M | 0.01% |
820,416
+23,832
| +3% | +$1.39M |
|
914
Patterson-UTI
PTEN
$3.64B
| $42.6M | 0.01% |
3,079,965
+1,890,031
| +159% | +$27.6M |
|
915
MINISO
MNSO
$3.67B
| $42.5M | 0.01% |
1,642,634
+300,000
| +22% | +$6.68M |
|
916
Yeti Holdings
YETI
$3.98B
| $42.5M | 0.01% |
880,558
+20,024
| +2% | +$891K |
|
917
Terex
TEX
$7.55B
| $42.4M | 0.01% |
736,491
+14,889
| +2% | +$887K |
|
918
Repligen
RGEN
$8.95B
| $42.4M | 0.01% |
266,875
+24,676
| +10% | +$4.03M |
|
919
PENN Entertainment
PENN
$2.63B
| $42.4M | 0.01% |
1,848,106
+47,993
| +3% | +$1.16M |
|
920
Mueller Industries
MLI
$15.3B
| $42.4M | 0.01% |
2,254,168
-205,020
| -8% | -$4.06M |
|
921
Coherent
COHR
$64.2B
| $42.3M | 0.01% |
1,296,033
+541,025
| +72% | +$22.2M |
|
922
Lucid Motors
LCID
$2.64B
| $42.3M | 0.01% |
756,373
-1,054,800
| -58% | -$68.3M |
|
|
CMA
923
DELISTED
Comerica
CMA
| $42.1M | 0.01% |
1,013,531
+405,877
| +67% | +$19.2M |
|
924
Ryan Specialty Holdings
RYAN
$5.83B
| $42M | 0.01% |
868,418
-125,200
| -13% | -$5.8M |
|
925
EnerSys
ENS
$6.92B
| $41.6M | 0.01% |
439,649
+10,002
| +2% | +$1.03M |
|
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.