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 | |
|---|---|---|---|---|---|---|
1326
Hecla Mining
HL
$11.2B
| $15.1M | ﹤0.01% |
3,862,800
+680,800
| +21% | +$3.26M |
|
1327
InterDigital
IDCC
$8.5B
| $15.1M | ﹤0.01% |
187,725
-29,178
| -13% | -$2.54M |
|
1328
Urban Outfitters
URBN
$6.66B
| $14.9M | ﹤0.01% |
457,114
+192,550
| +73% | +$6.59M |
|
1329
SiteOne Landscape Supply
SITE
$4.43B
| $14.9M | ﹤0.01% |
90,940
+9,895
| +12% | +$1.62M |
|
1330
Kratos Defense & Security Solutions
KTOS
$10.4B
| $14.8M | ﹤0.01% |
988,472
+11,744
| +1% | +$175K |
|
1331
Aaon
AAON
$7.86B
| $14.8M | ﹤0.01% |
260,583
-189,339
| -42% | -$12M |
|
1332
Energizer
ENR
$1.56B
| $14.7M | ﹤0.01% |
459,535
-71,700
| -13% | -$2.46M |
|
|
JHG
1333
DELISTED
Janus Henderson
JHG
| $14.7M | ﹤0.01% |
569,063
| – | – |
|
1334
Axsome Therapeutics
AXSM
$10.9B
| $14.7M | ﹤0.01% |
210,222
| – | – |
|
1335
BGC Group
BGC
$5.22B
| $14.7M | ﹤0.01% |
2,777,439
+7,071
| +0.3% | +$35.2K |
|
|
HOLI
1336
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $14.7M | ﹤0.01% |
738,653
+155,038
| +27% | +$2.8M |
|
1337
Helios Technologies
HLIO
$2.71B
| $14.6M | ﹤0.01% |
262,992
-28,700
| -10% | -$1.71M |
|
1338
Dana Inc
DAN
$3.06B
| $14.6M | ﹤0.01% |
992,384
-66,714
| -6% | -$1.11M |
|
|
LSXMA
1339
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $14.4M | ﹤0.01% |
566,036
+28,012
| +5% | +$663K |
|
1340
Northwest Natural Holdings
NWN
$2.07B
| $14.4M | ﹤0.01% |
376,545
-13,000
| -3% | -$534K |
|
1341
Huron Consulting
HURN
$2.38B
| $14.3M | ﹤0.01% |
136,845
-26,068
| -16% | -$2.48M |
|
1342
InMode
INMD
$871M
| $14.2M | ﹤0.01% |
467,466
+140,547
| +43% | +$5.52M |
|
1343
Pool Corp
POOL
$7.49B
| $14.2M | ﹤0.01% |
39,912
+14,164
| +55% | +$5.15M |
|
1344
Liberty Energy
LBRT
$3.18B
| $14.2M | ﹤0.01% |
765,011
+331,345
| +76% | +$5.46M |
|
1345
Viasat
VSAT
$11.3B
| $14.1M | ﹤0.01% |
764,805
+199,450
| +35% | +$5.71M |
|
1346
Triple Flag Precious Metals
TFPM
$6.47B
| $14M | ﹤0.01% |
1,070,000
| – | – |
|
1347
First Financial Bancorp
FFBC
$3.61B
| $13.9M | ﹤0.01% |
710,775
-62,604
| -8% | -$1.34M |
|
1348
Sunstone Hotel Investors
SHO
$2.19B
| $13.9M | ﹤0.01% |
1,482,606
-211,345
| -12% | -$2M |
|
1349
SiTime
SITM
$16.5B
| $13.8M | ﹤0.01% |
121,141
-4,882
| -4% | -$602K |
|
1350
St. Joe Company
JOE
$3.7B
| $13.8M | ﹤0.01% |
254,522
-27,609
| -10% | -$1.59M |
|
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.