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 | |
|---|---|---|---|---|---|---|
951
ManpowerGroup
MAN
$2.53B
| $39M | 0.01% |
532,015
+6,149
| +1% | +$479K |
|
952
Perrigo
PRGO
$1.84B
| $38.9M | 0.01% |
1,216,588
+17,637
| +1% | +$621K |
|
|
SUM
953
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $38.6M | 0.01% |
1,240,027
-20,437
| -2% | -$727K |
|
|
SNV
954
DELISTED
Synovus
SNV
| $38.6M | 0.01% |
1,388,197
+11,912
| +0.9% | +$373K |
|
955
Boyd Gaming
BYD
$6.13B
| $38.3M | 0.01% |
628,803
-161,127
| -20% | -$10.7M |
|
956
SPX Corp
SPXC
$10.8B
| $38.2M | 0.01% |
469,898
| – | – |
|
957
Concentrix
CNXC
$1.59B
| $38M | 0.01% |
474,538
+6,929
| +1% | +$544K |
|
958
SEI Investments
SEIC
$12.6B
| $38M | 0.01% |
630,628
+70,200
| +13% | +$4.32M |
|
959
DaVita
DVA
$12B
| $37.8M | 0.01% |
400,082
-217,171
| -35% | -$22.2M |
|
|
PPLI
960
People Inc
PPLI
$3.29B
| $37.7M | 0.01% |
912,062
-21,154
| -2% | -$1.03M |
|
961
Duolingo
DUOL
$6.3B
| $37.5M | 0.01% |
225,804
+104,242
| +86% | +$15.3M |
|
|
CUK
962
DELISTED
Carnival PLC
CUK
| $37.4M | 0.01% |
3,054,667
+54,387
| +2% | +$815K |
|
963
GATX Corp
GATX
$6.34B
| $37.4M | 0.01% |
343,485
+36,200
| +12% | +$4.37M |
|
964
SLM Corp
SLM
$5.16B
| $37.1M | 0.01% |
2,722,693
| – | – |
|
965
Fox Factory Holding Corp
FOXF
$830M
| $37M | 0.01% |
373,351
-60,962
| -14% | -$6.52M |
|
966
Etsy
ETSY
$8.15B
| $36.8M | 0.01% |
569,502
-263,472
| -32% | -$20.8M |
|
|
PINC
967
DELISTED
Premier
PINC
| $36.7M | 0.01% |
1,706,573
-276,064
| -14% | -$6.88M |
|
968
ATS Corp
ATS
$2.71B
| $36.7M | 0.01% |
859,806
-23,493
| -3% | -$1.04M |
|
969
OGE Energy
OGE
$9.71B
| $36.6M | 0.01% |
1,096,977
+76,255
| +7% | +$2.67M |
|
|
JBTM
970
JBT Marel
JBTM
$6.35B
| $36.5M | 0.01% |
346,873
| – | – |
|
971
Jackson Financial
JXN
$9.11B
| $36.3M | 0.01% |
949,783
+6,574
| +0.7% | +$230K |
|
|
AGR
972
DELISTED
Avangrid, Inc.
AGR
| $36.3M | 0.01% |
1,203,168
+145,739
| +14% | +$5.15M |
|
973
Brighthouse Financial
BHF
$3.55B
| $36.3M | 0.01% |
741,568
+19,489
| +3% | +$968K |
|
974
Brookfield Renewable
BEPC
$6.18B
| $36.2M | 0.01% |
1,513,978
+25,778
| +2% | +$748K |
|
975
Insight Enterprises
NSIT
$4.24B
| $36.2M | 0.01% |
249,012
-24,319
| -9% | -$3.62M |
|
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.