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 | |
|---|---|---|---|---|---|---|
|
CERE
1401
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $11.9M | ﹤0.01% |
546,971
+161,259
| +42% | +$4.04M |
|
1402
Central Garden & Pet Co Class A
CENTA
$2.42B
| $11.9M | ﹤0.01% |
371,070
-24,739
| -6% | -$789K |
|
1403
10x Genomics
TXG
$6.08B
| $11.9M | ﹤0.01% |
287,498
-293,046
| -50% | -$15.2M |
|
|
AAT
1404
American Assets Trust
AAT
$1.42B
| $11.8M | ﹤0.01% |
606,744
-188,218
| -24% | -$3.95M |
|
1405
Sonos
SONO
$1.94B
| $11.8M | ﹤0.01% |
913,457
-102,340
| -10% | -$1.52M |
|
1406
Patrick Industries
PATK
$2.88B
| $11.8M | ﹤0.01% |
235,496
-42,580
| -15% | -$2.3M |
|
1407
CS Disco
LAW
$267M
| $11.8M | ﹤0.01% |
1,774,256
| – | – |
|
1408
NeoGenomics
NEO
$2.09B
| $11.8M | ﹤0.01% |
956,905
-168,644
| -15% | -$2.51M |
|
1409
Weibo
WB
$1.99B
| $11.8M | ﹤0.01% |
937,554
+245,926
| +36% | +$3.27M |
|
1410
Edgewell Personal Care
EPC
$1.31B
| $11.8M | ﹤0.01% |
317,957
| – | – |
|
1411
PROG Holdings
PRG
$1.83B
| $11.7M | ﹤0.01% |
352,058
+14,523
| +4% | +$506K |
|
1412
Banner Corp
BANR
$2.44B
| $11.7M | ﹤0.01% |
275,092
-8,570
| -3% | -$384K |
|
1413
Bumble
BMBL
$417M
| $11.7M | ﹤0.01% |
781,016
-555,859
| -42% | -$9.4M |
|
1414
Nu Skin
NUS
$259M
| $11.7M | ﹤0.01% |
549,366
+126,800
| +30% | +$3.3M |
|
1415
Shift4
FOUR
$4.41B
| $11.6M | ﹤0.01% |
210,179
+56,643
| +37% | +$3.45M |
|
1416
IonQ
IONQ
$15.6B
| $11.6M | ﹤0.01% |
780,495
+677,017
| +654% | +$10.6M |
|
1417
Pacific Biosciences
PACB
$447M
| $11.6M | ﹤0.01% |
1,385,805
-120,416
| -8% | -$1.38M |
|
1418
John Wiley & Sons Class A
WLY
$2.78B
| $11.5M | ﹤0.01% |
310,330
+223,021
| +255% | +$7.91M |
|
|
CSGS
1419
DELISTED
CSG Systems International
CSGS
| $11.5M | ﹤0.01% |
225,470
-58,524
| -21% | -$3.11M |
|
|
CHX
1420
DELISTED
ChampionX
CHX
| $11.5M | ﹤0.01% |
323,565
+133,909
| +71% | +$4.76M |
|
|
WBX
1421
Wallbox
WBX
$87.3M
| $11.5M | ﹤0.01% |
254,945
| – | – |
|
1422
Treace Medical Concepts
TMCI
$307M
| $11.5M | ﹤0.01% |
873,692
| – | – |
|
|
ARI
1423
Apollo Commercial Real Estate
ARI
$889M
| $11.4M | ﹤0.01% |
1,126,347
+30,384
| +3% | +$331K |
|
|
JAMF
1424
DELISTED
Jamf
JAMF
| $11.4M | ﹤0.01% |
644,969
+77,023
| +14% | +$1.43M |
|
1425
Renasant Corp
RNST
$4.05B
| $11.3M | ﹤0.01% |
432,927
-33,867
| -7% | -$953K |
|
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.