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 | |
|---|---|---|---|---|---|---|
1226
Sunrun
RUN
$2.52B
| $20.4M | ﹤0.01% |
1,623,033
+27,951
| +2% | +$460K |
|
1227
XPeng
XPEV
$11.2B
| $20.4M | ﹤0.01% |
1,109,134
| – | – |
|
1228
Simmons First National
SFNC
$3.48B
| $20.3M | ﹤0.01% |
1,197,903
+70,736
| +6% | +$1.28M |
|
1229
Guardant Health
GH
$21.7B
| $20.3M | ﹤0.01% |
684,286
-82,381
| -11% | -$2.9M |
|
1230
Moelis & Co
MC
$5.15B
| $20.2M | ﹤0.01% |
446,784
+7,100
| +2% | +$334K |
|
1231
Casella Waste Systems
CWST
$5.71B
| $20.1M | ﹤0.01% |
263,345
-248,442
| -49% | -$20.4M |
|
1232
QuantumScape Corp
QS
$3.38B
| $20.1M | ﹤0.01% |
3,002,917
+559,885
| +23% | +$4.56M |
|
1233
Hewlett Packard
HPE
$70.9B
| $20.1M | ﹤0.01% |
1,155,128
+640,926
| +125% | +$11M |
|
1234
TripAdvisor
TRIP
$1.62B
| $20M | ﹤0.01% |
1,207,388
+99,920
| +9% | +$1.63M |
|
1235
TORM
TRMD
$2.94B
| $20M | ﹤0.01% |
737,526
| – | – |
|
1236
Griffon
GFF
$4.69B
| $20M | ﹤0.01% |
503,474
-147,954
| -23% | -$6.07M |
|
|
CALY
1237
Callaway Golf Company
CALY
$3.44B
| $19.8M | ﹤0.01% |
1,430,375
+19,886
| +1% | +$349K |
|
1238
Piper Sandler
PIPR
$5.12B
| $19.8M | ﹤0.01% |
544,892
-33,120
| -6% | -$1.2M |
|
1239
Kemper
KMPR
$1.72B
| $19.7M | ﹤0.01% |
469,076
| – | – |
|
1240
Delek US
DK
$3.72B
| $19.7M | ﹤0.01% |
693,393
-78,791
| -10% | -$2.13M |
|
1241
Installed Building Products
IBP
$6.56B
| $19.7M | ﹤0.01% |
157,406
+12,912
| +9% | +$1.82M |
|
1242
Pegasystems
PEGA
$5.25B
| $19.6M | ﹤0.01% |
904,176
+15,730
| +2% | +$385K |
|
|
PPBI
1243
DELISTED
Pacific Premier Bancorp
PPBI
| $19.6M | ﹤0.01% |
901,266
+33,193
| +4% | +$764K |
|
1244
ESCO Technologies
ESE
$8.53B
| $19.5M | ﹤0.01% |
186,399
-23,907
| -11% | -$2.46M |
|
1245
Stride
LRN
$3.5B
| $19.4M | ﹤0.01% |
431,100
| – | – |
|
1246
New Fortress Energy
NFE
$95.7M
| $19.4M | ﹤0.01% |
592,140
| – | – |
|
1247
NMI Holdings
NMIH
$3.38B
| $19.4M | ﹤0.01% |
716,239
| – | – |
|
1248
Liberty Broadband Class A
LBRDA
$5.16B
| $19.3M | ﹤0.01% |
212,775
| – | – |
|
1249
Acushnet Holdings
GOLF
$6.03B
| $19.3M | ﹤0.01% |
364,367
| – | – |
|
1250
Rithm Capital
RITM
$5.64B
| $19.3M | ﹤0.01% |
2,075,328
+759,922
| +58% | +$7.49M |
|
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.