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 | |
|---|---|---|---|---|---|---|
1351
Gentherm
THRM
$1.28B
| $13.8M | ﹤0.01% |
254,840
-17,822
| -7% | -$1.03M |
|
1352
Materion
MTRN
$4.45B
| $13.8M | ﹤0.01% |
135,490
-20,201
| -13% | -$2.21M |
|
1353
JFrog
FROG
$9.98B
| $13.8M | ﹤0.01% |
543,391
+253,331
| +87% | +$7.03M |
|
1354
LiveRamp
RAMP
$2.3B
| $13.8M | ﹤0.01% |
477,313
-46,669
| -9% | -$1.38M |
|
1355
FormFactor
FORM
$9.38B
| $13.8M | ﹤0.01% |
393,751
-221,177
| -36% | -$7.44M |
|
|
HTO
1356
H2O America
HTO
$2.56B
| $13.7M | ﹤0.01% |
228,741
-4,421
| -2% | -$297K |
|
1357
CNA Financial
CNA
$14.5B
| $13.7M | ﹤0.01% |
349,274
| – | – |
|
1358
Lufax Holding
LU
$1.31B
| $13.7M | ﹤0.01% |
3,238,441
-987,500
| -23% | -$5.47M |
|
1359
NETSCOUT
NTCT
$3.07B
| $13.6M | ﹤0.01% |
485,955
-30,048
| -6% | -$859K |
|
1360
MP Materials
MP
$8.45B
| $13.5M | ﹤0.01% |
708,617
-119,823
| -14% | -$2.66M |
|
1361
Trinity Industries
TRN
$2.5B
| $13.5M | ﹤0.01% |
555,077
-90,245
| -14% | -$2.28M |
|
1362
Atlanta Braves Holdings Series B
BATRK
$3.27B
| $13.5M | ﹤0.01% |
376,540
-14,655
| -4% | -$555K |
|
1363
Amkor Technology
AMKR
$13.9B
| $13.4M | ﹤0.01% |
594,790
-499,320
| -46% | -$13.2M |
|
1364
Winnebago Industries
WGO
$885M
| $13.4M | ﹤0.01% |
226,084
-15,264
| -6% | -$989K |
|
1365
WaFd
WAFD
$2.79B
| $13.4M | ﹤0.01% |
523,027
-18,906
| -3% | -$529K |
|
|
ETWO
1366
DELISTED
E2open Parent Holdings
ETWO
| $13.4M | ﹤0.01% |
2,951,444
-609,380
| -17% | -$3.02M |
|
|
AY
1367
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $13.4M | ﹤0.01% |
701,490
| – | – |
|
|
PRO
1368
DELISTED
PROS Holdings
PRO
| $13.3M | ﹤0.01% |
385,539
| – | – |
|
1369
DXC Technology
DXC
$1.75B
| $13.3M | ﹤0.01% |
637,931
-1,441,315
| -69% | -$33.1M |
|
|
KW
1370
DELISTED
Kennedy-Wilson Holdings
KW
| $13.3M | ﹤0.01% |
900,971
-84,309
| -9% | -$1.36M |
|
|
AMED
1371
DELISTED
Amedisys
AMED
| $13.2M | ﹤0.01% |
141,835
+100,000
| +239% | +$9.24M |
|
1372
CVR Energy
CVI
$3.35B
| $13.2M | ﹤0.01% |
387,998
+74,275
| +24% | +$2.54M |
|
1373
Archrock
AROC
$6.16B
| $13.2M | ﹤0.01% |
1,044,732
-135,251
| -11% | -$1.62M |
|
1374
BridgeBio Pharma
BBIO
$15.7B
| $13.1M | ﹤0.01% |
496,088
-266,218
| -35% | -$7.55M |
|
|
JOYY
1375
JOYY Inc
JOYY
$3.73B
| $13.1M | ﹤0.01% |
343,258
-30,807
| -8% | -$1.07M |
|
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.