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 | |
|---|---|---|---|---|---|---|
|
NSA
1101
DELISTED
National Storage Affiliates Trust
NSA
| $27.2M | 0.01% |
857,585
-77,248
| -8% | -$2.62M |
|
1102
Commault Systems
CVLT
$5.52B
| $27.2M | 0.01% |
401,978
-141,315
| -26% | -$10M |
|
|
SFBS
1103
ServisFirst Bancshares
SFBS
$4.94B
| $27.1M | 0.01% |
519,757
+8,864
| +2% | +$469K |
|
|
SKX
1104
DELISTED
Skechers
SKX
| $27.1M | 0.01% |
553,286
+64,083
| +13% | +$3.28M |
|
1105
ACI Worldwide
ACIW
$5.88B
| $27.1M | 0.01% |
1,199,867
| – | – |
|
1106
Bausch Health
BHC
$2.35B
| $27M | 0.01% |
3,283,740
+145,033
| +5% | +$1.25M |
|
1107
ABM Industries
ABM
$2.87B
| $27M | 0.01% |
674,591
| – | – |
|
|
PDCO
1108
DELISTED
Patterson Companies, Inc.
PDCO
| $27M | 0.01% |
909,726
+6,134
| +0.7% | +$195K |
|
1109
Savers
SVV
$1.68B
| $26.9M | 0.01% |
1,442,806
-257,194
| -15% | -$5.94M |
|
1110
Teladoc Health
TDOC
$1.26B
| $26.9M | 0.01% |
1,445,640
-119,241
| -8% | -$2.78M |
|
1111
Fidelity National Financial
FNF
$13.8B
| $26.7M | 0.01% |
646,816
-1,763,150
| -73% | -$70.6M |
|
1112
Freshpet
FRPT
$3.51B
| $26.6M | 0.01% |
404,105
+69,003
| +21% | +$4.95M |
|
1113
CRISPR Therapeutics
CRSP
$5.17B
| $26.6M | 0.01% |
586,300
+9,267
| +2% | +$479K |
|
|
AZEK
1114
DELISTED
The AZEK Co
AZEK
| $26.5M | 0.01% |
892,389
+134,076
| +18% | +$4.21M |
|
1115
FTAI Aviation
FTAI
$23B
| $26.5M | 0.01% |
+744,959
| New | +$25.6M |
|
1116
J&J Snack Foods
JJSF
$1.59B
| $26.4M | 0.01% |
161,303
| – | – |
|
1117
Academy Sports + Outdoors
ASO
$2.97B
| $26.2M | 0.01% |
554,589
-84,556
| -13% | -$4.53M |
|
1118
Recursion Pharmaceuticals
RXRX
$1.68B
| $26.2M | 0.01% |
3,426,256
+559,038
| +19% | +$5.58M |
|
1119
Golar LNG
GLNG
$5.11B
| $26.2M | 0.01% |
1,078,720
+17,413
| +2% | +$401K |
|
1120
Lennar Class B
LEN.B
$20.8B
| $26.2M | 0.01% |
269,273
-48,388
| -15% | -$5.04M |
|
1121
Knife River
KNF
$3.85B
| $26.1M | 0.01% |
534,343
+6,198
| +1% | +$294K |
|
1122
RingCentral
RNG
$5.16B
| $26M | 0.01% |
877,578
+37,859
| +5% | +$1.26M |
|
1123
StoneCo
STNE
$2.72B
| $26M | 0.01% |
2,433,695
+2,098,680
| +626% | +$25.8M |
|
1124
First Bancorp
FBP
$4.44B
| $25.9M | 0.01% |
1,927,568
+23,431
| +1% | +$326K |
|
1125
Helen of Troy
HELE
$689M
| $25.9M | 0.01% |
222,423
+21,285
| +11% | +$2.65M |
|
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.