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 | |
|---|---|---|---|---|---|---|
|
IMGN
1026
DELISTED
Immunogen Inc
IMGN
| $32.6M | 0.01% |
2,055,089
+1,890,089
| +1,146% | +$31.4M |
|
1027
RH
RH
$3.7B
| $32.6M | 0.01% |
123,318
| – | – |
|
1028
NorthWestern Energy
NWE
$4.25B
| $32.6M | 0.01% |
677,767
+22,964
| +4% | +$1.22M |
|
1029
Remitly
RELY
$5.07B
| $32.5M | 0.01% |
+1,288,202
| New | +$29.1M |
|
1030
Chemours
CC
$2.19B
| $32.5M | 0.01% |
1,158,009
-92,117
| -7% | -$3.16M |
|
1031
Zscaler
ZS
$26.1B
| $32.3M | 0.01% |
207,703
+69,505
| +50% | +$10.4M |
|
1032
MACOM Technology Solutions
MTSI
$20.1B
| $32.3M | 0.01% |
396,070
+41,760
| +12% | +$3.09M |
|
1033
Portland General Electric
POR
$5.79B
| $32.3M | 0.01% |
798,139
+155,228
| +24% | +$7.04M |
|
1034
Celestica
CLS
$41.7B
| $32.3M | 0.01% |
1,320,086
+416,731
| +46% | +$8.53M |
|
1035
HealthEquity
HQY
$8.73B
| $32.3M | 0.01% |
441,887
-211,286
| -32% | -$14.3M |
|
|
NVRO
1036
DELISTED
NEVRO CORP.
NVRO
| $32.3M | 0.01% |
1,678,475
-39,945
| -2% | -$852K |
|
1037
SSR Mining
SSRM
$5.91B
| $32.2M | 0.01% |
2,421,874
| – | – |
|
1038
Simpson Manufacturing
SSD
$8.12B
| $32M | 0.01% |
213,822
| – | – |
|
1039
Lumentum
LITE
$64.3B
| $31.9M | 0.01% |
705,446
+22,030
| +3% | +$1.12M |
|
1040
Tower Semiconductor
TSEM
$23.9B
| $31.7M | 0.01% |
1,292,905
+1,044,987
| +422% | +$33.5M |
|
1041
Cable One
CABO
$254M
| $31.7M | 0.01% |
51,458
+364
| +0.7% | +$240K |
|
1042
LXP Industrial Trust
LXP
$3.58B
| $31.7M | 0.01% |
711,403
+109,380
| +18% | +$5.37M |
|
1043
DoubleVerify
DV
$1.84B
| $31.6M | 0.01% |
1,131,981
+97,175
| +9% | +$3.32M |
|
1044
Newell Brands
NWL
$2.63B
| $31.6M | 0.01% |
3,499,612
-31,433
| -0.9% | -$313K |
|
1045
Mohawk Industries
MHK
$9.19B
| $31.6M | 0.01% |
368,133
+29,061
| +9% | +$2.93M |
|
|
DOO
1046
Bombardier Recreational Products
DOO
$4.81B
| $31.6M | 0.01% |
416,961
+9,211
| +2% | +$744K |
|
1047
Paychex
PAYX
$42.1B
| $31.5M | 0.01% |
273,518
+194,073
| +244% | +$23.4M |
|
|
RCM
1048
DELISTED
R1 RCM Inc. Common Stock
RCM
| $31.5M | 0.01% |
2,088,558
-414,824
| -17% | -$6.98M |
|
1049
Apple Hospitality REIT
APLE
$3.91B
| $31.4M | 0.01% |
2,047,506
-262,265
| -11% | -$4.01M |
|
|
DOC
1050
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $31.1M | 0.01% |
2,549,200
+102,073
| +4% | +$1.41M |
|
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.