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 | |
|---|---|---|---|---|---|---|
1051
Federal Signal
FSS
$7.95B
| $30.9M | 0.01% |
516,968
+16,869
| +3% | +$1.02M |
|
1052
DigitalBridge
DBRG
$2.94B
| $30.8M | 0.01% |
1,753,551
+69,807
| +4% | +$1.15M |
|
1053
Arrowhead Research
ARWR
$12.2B
| $30.8M | 0.01% |
1,146,325
| – | – |
|
|
HI
1054
DELISTED
Hillenbrand
HI
| $30.8M | 0.01% |
727,320
+43,600
| +6% | +$2.07M |
|
1055
IPG Photonics
IPGP
$3.89B
| $30.4M | 0.01% |
299,261
-12,550
| -4% | -$1.42M |
|
1056
Scorpio Tankers
STNG
$3.71B
| $30.3M | 0.01% |
559,173
+9,201
| +2% | +$449K |
|
1057
Insmed
INSM
$21.5B
| $30.1M | 0.01% |
1,192,449
| – | – |
|
1058
Organon & Co
OGN
$3.56B
| $30M | 0.01% |
1,728,807
-197,747
| -10% | -$4.12M |
|
1059
Phillips Edison & Co
PECO
$5.34B
| $30M | 0.01% |
893,439
| – | – |
|
1060
HUB Group
HUBG
$2.91B
| $30M | 0.01% |
762,832
| – | – |
|
|
FYBR
1061
DELISTED
Frontier Communications
FYBR
| $30M | 0.01% |
1,913,815
+248,628
| +15% | +$4.04M |
|
1062
AppFolio
APPF
$6.84B
| $29.8M | 0.01% |
163,405
+11,176
| +7% | +$2.03M |
|
|
SEM
1063
DELISTED
Select Medical
SEM
| $29.8M | 0.01% |
2,189,740
+12,849
| +0.6% | +$198K |
|
1064
LCI Industries
LCII
$2.61B
| $29.8M | 0.01% |
253,506
+12,515
| +5% | +$1.57M |
|
1065
Paylocity
PCTY
$7.91B
| $29.5M | 0.01% |
162,336
-21,928
| -12% | -$4.4M |
|
1066
O-I Glass
OI
$1.15B
| $29.5M | 0.01% |
1,760,689
-110,083
| -6% | -$2.22M |
|
1067
Methanex
MEOH
$4.02B
| $29.5M | 0.01% |
653,620
+9,483
| +1% | +$406K |
|
1068
Roivant Sciences
ROIV
$25B
| $29.4M | 0.01% |
2,520,057
+2,411,125
| +2,213% | +$27.3M |
|
|
BPMC
1069
DELISTED
Blueprint Medicines
BPMC
| $29.4M | 0.01% |
585,996
+12,810
| +2% | +$685K |
|
|
WIRE
1070
DELISTED
Encore Wire Corp
WIRE
| $29.4M | 0.01% |
161,100
-22,000
| -12% | -$3.73M |
|
|
FOLD
1071
DELISTED
Amicus Therapeutics
FOLD
| $29.4M | 0.01% |
2,416,317
-870,000
| -26% | -$11.2M |
|
1072
Rapid7
RPD
$726M
| $29.4M | 0.01% |
641,724
+3,927
| +0.6% | +$181K |
|
1073
Highwoods Properties
HIW
$3.58B
| $29.3M | 0.01% |
1,422,618
+493,194
| +53% | +$11.7M |
|
1074
NewMarket
NEU
$8.11B
| $29.3M | 0.01% |
64,369
+5,010
| +8% | +$2.26M |
|
1075
Broadstone Net Lease
BNL
$4.07B
| $29.3M | 0.01% |
2,047,939
+34,756
| +2% | +$556K |
|
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.