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 | |
|---|---|---|---|---|---|---|
1301
Kennametal
KMT
$2.66B
| $16.1M | ﹤0.01% |
646,276
+179,783
| +39% | +$4.86M |
|
1302
Leslie's
LESL
$10.1M
| $15.9M | ﹤0.01% |
140,706
+52,103
| +59% | +$6.82M |
|
1303
Jack Henry & Associates
JKHY
$11.1B
| $15.9M | ﹤0.01% |
105,347
+53,205
| +102% | +$8.59M |
|
1304
Spectrum Brands
SPB
$2.04B
| $15.9M | ﹤0.01% |
202,938
-119,353
| -37% | -$9.42M |
|
1305
Integer Holdings
ITGR
$4.23B
| $15.9M | ﹤0.01% |
202,711
-12,736
| -6% | -$1.08M |
|
1306
Primoris Services
PRIM
$4.77B
| $15.9M | ﹤0.01% |
484,459
+51,223
| +12% | +$1.67M |
|
|
PYCR
1307
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $15.8M | ﹤0.01% |
693,923
| – | – |
|
1308
Sotera Health
SHC
$5.13B
| $15.7M | ﹤0.01% |
1,050,468
+57,045
| +6% | +$962K |
|
|
VRNT
1309
DELISTED
Verint Systems
VRNT
| $15.7M | ﹤0.01% |
684,403
| – | – |
|
|
JWN
1310
DELISTED
Nordstrom
JWN
| $15.7M | ﹤0.01% |
1,050,408
+84,825
| +9% | +$1.56M |
|
1311
Dillards
DDS
$9.57B
| $15.7M | ﹤0.01% |
47,365
| – | – |
|
1312
XP
XP
$8.8B
| $15.6M | ﹤0.01% |
676,222
+12,460
| +2% | +$312K |
|
1313
PagerDuty
PD
$856M
| $15.6M | ﹤0.01% |
692,947
-5,721
| -0.8% | -$136K |
|
1314
dLocal
DLO
$4.51B
| $15.5M | ﹤0.01% |
+809,601
| New | +$13.8M |
|
1315
CorVel
CRVL
$3.09B
| $15.4M | ﹤0.01% |
235,311
| – | – |
|
1316
Four Corners Property Trust
FCPT
$2.78B
| $15.4M | ﹤0.01% |
694,854
+10,555
| +2% | +$265K |
|
1317
SL Green Realty
SLG
$3.85B
| $15.4M | ﹤0.01% |
413,191
-167,192
| -29% | -$6.01M |
|
1318
Shake Shack
SHAK
$2.61B
| $15.4M | ﹤0.01% |
264,842
+59,714
| +29% | +$4.24M |
|
1319
Steven Madden
SHOO
$3.49B
| $15.3M | ﹤0.01% |
481,829
+161,724
| +51% | +$5.38M |
|
1320
OSI Systems
OSIS
$3.72B
| $15.2M | ﹤0.01% |
129,183
-4,215
| -3% | -$508K |
|
1321
CarGurus
CARG
$3.33B
| $15.2M | ﹤0.01% |
868,795
-110,015
| -11% | -$2.17M |
|
|
DOOR
1322
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $15.2M | ﹤0.01% |
163,186
-24,000
| -13% | -$2.41M |
|
1323
Trip.com Group
TCOM
$29.8B
| $15.2M | ﹤0.01% |
435,000
-500,000
| -53% | -$18.8M |
|
1324
Urban Edge Properties
UE
$2.85B
| $15.2M | ﹤0.01% |
996,276
+87,134
| +10% | +$1.43M |
|
1325
Cannae Holdings
CNNE
$655M
| $15.2M | ﹤0.01% |
814,684
-26,652
| -3% | -$526K |
|
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.