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 | |
|---|---|---|---|---|---|---|
1126
Glaukos
GKOS
$10.1B
| $25.9M | 0.01% |
344,441
+35,792
| +12% | +$2.67M |
|
1127
Autohome
ATHM
$2.65B
| $25.9M | 0.01% |
852,164
| – | – |
|
1128
Ziff Davis
ZD
$1.94B
| $25.7M | 0.01% |
403,697
+59,811
| +17% | +$4.1M |
|
1129
Champion Homes
SKY
$5B
| $25.5M | 0.01% |
399,550
+8,511
| +2% | +$571K |
|
1130
Avista
AVA
$3.25B
| $25.4M | 0.01% |
786,049
+27,624
| +4% | +$987K |
|
1131
Prestige Consumer Healthcare
PBH
$2.51B
| $25.4M | 0.01% |
444,525
| – | – |
|
1132
Calix
CALX
$2.42B
| $25.4M | 0.01% |
553,163
+8,099
| +1% | +$367K |
|
1133
International Bancshares
IBOC
$4.72B
| $25.3M | 0.01% |
584,000
+8,497
| +1% | +$389K |
|
1134
Zillow
Z
$8.26B
| $25.3M | 0.01% |
547,994
+172,065
| +46% | +$8.84M |
|
1135
Leggett & Platt
LEG
$1.4B
| $25.3M | 0.01% |
994,812
-109,708
| -10% | -$3.08M |
|
1136
Acadia Pharmaceuticals
ACAD
$4.93B
| $25.1M | 0.01% |
1,205,818
-222,966
| -16% | -$6.06M |
|
1137
TriNet
TNET
$3.14B
| $25.1M | 0.01% |
215,715
-168,602
| -44% | -$17.8M |
|
1138
Blackstone Mortgage Trust
BXMT
$2.35B
| $25.1M | 0.01% |
1,151,765
+38,620
| +3% | +$856K |
|
1139
SITE Centers
SITC
$172M
| $25M | 0.01% |
2,602,883
| – | – |
|
1140
Travel + Leisure Co
TNL
$4.77B
| $25M | 0.01% |
679,380
-142,800
| -17% | -$5.7M |
|
|
EQC
1141
DELISTED
Equity Commonwealth
EQC
| $24.9M | 0.01% |
1,354,227
-223,733
| -14% | -$4.34M |
|
1142
Unifirst Corp
UNF
$5.24B
| $24.8M | 0.01% |
152,422
| – | – |
|
1143
Dycom Industries
DY
$12.3B
| $24.7M | 0.01% |
278,052
-8,202
| -3% | -$818K |
|
1144
Moog Inc Class A
MOG.A
$12.9B
| $24.7M | 0.01% |
218,952
+6,635
| +3% | +$744K |
|
1145
Global E Online
GLBE
$6.98B
| $24.7M | 0.01% |
621,243
+41,790
| +7% | +$1.68M |
|
1146
Ginkgo Bioworks
DNA
$612M
| $24.6M | 0.01% |
340,275
+101,350
| +42% | +$8.1M |
|
1147
Whirlpool
WHR
$2.93B
| $24.6M | 0.01% |
183,738
+34,322
| +23% | +$4.85M |
|
1148
Radian Group
RDN
$5.21B
| $24.5M | 0.01% |
976,539
+544,002
| +126% | +$14.4M |
|
1149
Community Bank
CBU
$3.48B
| $24.5M | 0.01% |
579,717
+24,968
| +5% | +$1.18M |
|
1150
Resideo Technologies
REZI
$3.97B
| $24.5M | 0.01% |
1,547,580
| – | – |
|
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.