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 | |
|---|---|---|---|---|---|---|
1176
National Health Investors
NHI
$3.64B
| $22.8M | ﹤0.01% |
443,733
+3,074
| +0.7% | +$161K |
|
1177
Kohl's
KSS
$2.23B
| $22.7M | ﹤0.01% |
1,084,484
+294,020
| +37% | +$7.42M |
|
1178
Grand Canyon Education
LOPE
$3.92B
| $22.7M | ﹤0.01% |
194,439
+38,262
| +24% | +$4.25M |
|
1179
Klaviyo
KVYO
$5.78B
| $22.7M | ﹤0.01% |
+657,729
| New | +$22.6M |
|
1180
Wendy's
WEN
$1.52B
| $22.6M | ﹤0.01% |
1,109,322
-592,000
| -35% | -$12.4M |
|
1181
Douglas Emmett
DEI
$1.98B
| $22.6M | ﹤0.01% |
1,770,401
+22,443
| +1% | +$304K |
|
1182
Bread Financial
BFH
$4.54B
| $22.5M | ﹤0.01% |
658,749
+226,962
| +53% | +$8.32M |
|
1183
BOK Financial
BOKF
$8.78B
| $22.4M | ﹤0.01% |
280,305
| – | – |
|
1184
AAR Corp
AIR
$5.86B
| $22.4M | ﹤0.01% |
376,057
+31,781
| +9% | +$1.89M |
|
1185
Grocery Outlet
GO
$975M
| $22.4M | ﹤0.01% |
775,455
+510,930
| +193% | +$16.3M |
|
1186
Lightspeed Commerce
LSPD
$1.34B
| $22.4M | ﹤0.01% |
1,592,583
+23,337
| +1% | +$377K |
|
1187
First Hawaiian
FHB
$3.38B
| $22.3M | ﹤0.01% |
1,236,435
| – | – |
|
1188
Cathay General Bancorp
CATY
$4.29B
| $22.3M | ﹤0.01% |
640,764
+9,107
| +1% | +$325K |
|
1189
Viavi Solutions
VIAV
$9.6B
| $22.2M | ﹤0.01% |
2,430,397
+45,330
| +2% | +$472K |
|
1190
Privia Health
PRVA
$3.02B
| $22.2M | ﹤0.01% |
965,383
+94,567
| +11% | +$2.4M |
|
1191
Oceaneering
OII
$4.78B
| $22.1M | ﹤0.01% |
860,763
-432,362
| -33% | -$9.87M |
|
1192
Glacier Bancorp
GBCI
$6.51B
| $22.1M | ﹤0.01% |
776,723
-78,508
| -9% | -$2.43M |
|
1193
Outfront Media
OUT
$5.64B
| $22.1M | ﹤0.01% |
2,222,279
-127,685
| -5% | -$1.6M |
|
1194
Madrigal Pharmaceuticals
MDGL
$11.9B
| $22.1M | ﹤0.01% |
151,248
+15,841
| +12% | +$2.98M |
|
|
TCN
1195
DELISTED
Tricon Residential Inc.
TCN
| $22M | ﹤0.01% |
2,979,856
+41,090
| +1% | +$354K |
|
1196
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.88B
| $22M | ﹤0.01% |
1,038,403
+17,387
| +2% | +$418K |
|
1197
Nomad Foods
NOMD
$1.65B
| $22M | ﹤0.01% |
1,446,230
| – | – |
|
1198
Sanmina
SANM
$10.7B
| $22M | ﹤0.01% |
404,947
+54,480
| +16% | +$3.06M |
|
1199
Dick's Sporting Goods
DKS
$17.9B
| $22M | ﹤0.01% |
202,209
+85,640
| +73% | +$10.8M |
|
1200
ScottsMiracle-Gro
SMG
$3.85B
| $21.9M | ﹤0.01% |
423,805
+23,709
| +6% | +$1.37M |
|
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.