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 | |
|---|---|---|---|---|---|---|
1001
monday.com
MNDY
$3.87B
| $34.3M | 0.01% |
215,730
+48,945
| +29% | +$8.22M |
|
1002
Sabra Healthcare REIT
SBRA
$5.39B
| $34.3M | 0.01% |
2,463,488
| – | – |
|
1003
First Financial Bankshares
FFIN
$5.06B
| $34.3M | 0.01% |
1,366,801
+25,289
| +2% | +$734K |
|
1004
Cousins Properties
CUZ
$5.06B
| $34.3M | 0.01% |
1,683,154
+582,963
| +53% | +$13.3M |
|
|
BRSL
1005
Brightstar Lottery PLC
BRSL
$2.08B
| $34.1M | 0.01% |
1,126,102
+3,849
| +0.3% | +$123K |
|
1006
Cabot Corp
CBT
$4.36B
| $34.1M | 0.01% |
492,685
+11,043
| +2% | +$768K |
|
1007
Insperity
NSP
$1.95B
| $34.1M | 0.01% |
349,272
-16,038
| -4% | -$1.68M |
|
1008
Varonis Systems
VRNS
$4.98B
| $34.1M | 0.01% |
1,115,484
-19,357
| -2% | -$572K |
|
1009
Merit Medical Systems
MMSI
$5.21B
| $34M | 0.01% |
493,242
-56,893
| -10% | -$4.09M |
|
|
GRP.U
1010
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $34M | 0.01% |
641,362
+6,013
| +0.9% | +$340K |
|
|
ESGR
1011
DELISTED
Enstar Group
ESGR
| $34M | 0.01% |
140,427
-8,028
| -5% | -$2.01M |
|
1012
Diodes
DIOD
$3.93B
| $33.9M | 0.01% |
429,806
+4,894
| +1% | +$411K |
|
1013
Simply Good Foods
SMPL
$989M
| $33.9M | 0.01% |
981,275
+6,070
| +0.6% | +$218K |
|
1014
Clarivate
CLVT
$1.24B
| $33.8M | 0.01% |
5,033,496
+71,851
| +1% | +$573K |
|
1015
Alarm.com
ALRM
$2.76B
| $33.8M | 0.01% |
552,203
| – | – |
|
|
COOP
1016
DELISTED
Mr. Cooper
COOP
| $33.7M | 0.01% |
629,627
-47,065
| -7% | -$2.59M |
|
1017
Hilton Grand Vacations
HGV
$3.66B
| $33.6M | 0.01% |
826,131
| – | – |
|
|
MPT
1018
Medical Properties Trust
MPT
$2.79B
| $33.5M | 0.01% |
6,140,515
+170,070
| +3% | +$1.36M |
|
1019
Herc Holdings
HRI
$5.64B
| $33.4M | 0.01% |
280,864
+14,351
| +5% | +$1.87M |
|
1020
GlobalFoundries
GFS
$27.1B
| $33.4M | 0.01% |
573,429
-427,371
| -43% | -$25.4M |
|
1021
Ormat Technologies
ORA
$6.02B
| $33.4M | 0.01% |
477,219
| – | – |
|
1022
Advance Auto Parts
AAP
$3.59B
| $33.3M | 0.01% |
595,876
-138,252
| -19% | -$9.26M |
|
1023
Avient
AVNT
$3.48B
| $33.3M | 0.01% |
942,259
+13,450
| +1% | +$521K |
|
1024
Lantheus
LNTH
$6.63B
| $33.2M | 0.01% |
478,535
+209,561
| +78% | +$15.3M |
|
1025
ONE Gas
OGS
$4.97B
| $33.1M | 0.01% |
484,807
+115,798
| +31% | +$8.75M |
|
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.