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 | |
|---|---|---|---|---|---|---|
1376
Sigma Lithium
SGML
$1.17B
| $13.1M | ﹤0.01% |
+402,720
| New | +$14.4M |
|
1377
Virtu Financial
VIRT
$5.2B
| $12.9M | ﹤0.01% |
749,683
| – | – |
|
1378
Q2 Holdings
QTWO
$3.99B
| $12.8M | ﹤0.01% |
397,557
-77,946
| -16% | -$2.58M |
|
|
ODP
1379
DELISTED
ODP
ODP
| $12.8M | ﹤0.01% |
276,760
-91,707
| -25% | -$4.41M |
|
1380
Omnicom Group
OMC
$22.4B
| $12.8M | ﹤0.01% |
171,190
+13,556
| +9% | +$1.12M |
|
1381
First Merchants
FRME
$2.74B
| $12.7M | ﹤0.01% |
456,719
-30,914
| -6% | -$926K |
|
1382
Cushman & Wakefield Ltd
CWK
$3.18B
| $12.7M | ﹤0.01% |
1,666,210
+276,017
| +20% | +$2.5M |
|
1383
Relay Therapeutics
RLAY
$4.26B
| $12.7M | ﹤0.01% |
1,506,828
-106,956
| -7% | -$1.15M |
|
1384
Certara
CERT
$1.27B
| $12.7M | ﹤0.01% |
870,428
+53,689
| +7% | +$902K |
|
1385
MillerKnoll
MLKN
$1.64B
| $12.6M | ﹤0.01% |
516,514
-145,537
| -22% | -$2.72M |
|
1386
Schneider National
SNDR
$6.12B
| $12.6M | ﹤0.01% |
455,876
-61,029
| -12% | -$1.78M |
|
1387
Virtus Investment Partners
VRTS
$1.13B
| $12.6M | ﹤0.01% |
62,201
| – | – |
|
1388
Granite Construction
GVA
$5.43B
| $12.5M | ﹤0.01% |
328,437
-60,681
| -16% | -$2.47M |
|
1389
Standex International
SXI
$3.78B
| $12.5M | ﹤0.01% |
85,673
-15,709
| -15% | -$2.34M |
|
1390
Greif
GEF
$4.93B
| $12.3M | ﹤0.01% |
183,694
-23,544
| -11% | -$1.67M |
|
1391
Towne Bank
TOWN
$3.48B
| $12.2M | ﹤0.01% |
531,778
-53,175
| -9% | -$1.28M |
|
1392
Revolution Medicines
RVMD
$38.8B
| $12.2M | ﹤0.01% |
439,687
+72,200
| +20% | +$2.14M |
|
|
CWEN.A
1393
DELISTED
Clearway Energy Class A
CWEN.A
| $12.1M | ﹤0.01% |
608,908
+190,609
| +46% | +$4.57M |
|
1394
Diamondrock Hospitality Co
DRH
$2.74B
| $12.1M | ﹤0.01% |
1,506,639
-223,533
| -13% | -$1.8M |
|
1395
Upstart Holdings
UPST
$2.9B
| $12.1M | ﹤0.01% |
423,904
-12,011
| -3% | -$483K |
|
1396
Armstrong World Industries
AWI
$7.58B
| $12.1M | ﹤0.01% |
167,648
-170,514
| -50% | -$12.7M |
|
|
DAY
1397
DELISTED
Dayforce
DAY
| $12M | ﹤0.01% |
177,156
+110,750
| +167% | +$7.79M |
|
|
B
1398
DELISTED
Barnes Group Inc.
B
| $12M | ﹤0.01% |
352,881
-66,276
| -16% | -$2.56M |
|
1399
AtriCure
ATRC
$1.97B
| $12M | ﹤0.01% |
273,632
-30,979
| -10% | -$1.51M |
|
1400
PTC Therapeutics
PTCT
$5.68B
| $12M | ﹤0.01% |
533,875
+3,800
| +0.7% | +$141K |
|
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.