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 | |
|---|---|---|---|---|---|---|
1426
Oxford Industries
OXM
$579M
| $11.3M | ﹤0.01% |
117,890
+14,219
| +14% | +$1.44M |
|
1427
Upbound Group
UPBD
$1.2B
| $11.3M | ﹤0.01% |
383,694
+47,600
| +14% | +$1.48M |
|
1428
Stepan Co
SCL
$1.45B
| $11.3M | ﹤0.01% |
150,322
-27,291
| -15% | -$2.39M |
|
1429
RLJ Lodging Trust
RLJ
$1.89B
| $11.2M | ﹤0.01% |
1,148,569
-1,504,470
| -57% | -$15M |
|
1430
Strategic Education
STRA
$1.89B
| $11.2M | ﹤0.01% |
149,318
-35,514
| -19% | -$2.61M |
|
1431
Enerpac Tool Group
EPAC
$1.9B
| $11.2M | ﹤0.01% |
424,803
-70,367
| -14% | -$1.88M |
|
1432
WesBanco
WSBC
$4.06B
| $11.2M | ﹤0.01% |
457,370
-21,026
| -4% | -$546K |
|
1433
Tennant Co
TNC
$1.52B
| $11.1M | ﹤0.01% |
150,201
-6,521
| -4% | -$520K |
|
1434
Tronox
TROX
$948M
| $11.1M | ﹤0.01% |
823,874
-176,466
| -18% | -$2.36M |
|
1435
HNI Corp
HNI
$3.49B
| $11.1M | ﹤0.01% |
319,570
-29,718
| -9% | -$915K |
|
|
BLDP
1436
Ballard Power Systems
BLDP
$826M
| $11M | ﹤0.01% |
3,008,195
-338,017
| -10% | -$1.45M |
|
1437
Bloomin' Brands
BLMN
$764M
| $11M | ﹤0.01% |
448,226
-260,623
| -37% | -$6.92M |
|
|
ROIC
1438
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $11M | ﹤0.01% |
889,469
-86,959
| -9% | -$1.2M |
|
|
VSXY
1439
Victoria's Secret
VSXY
$7.09B
| $11M | ﹤0.01% |
658,168
-46,225
| -7% | -$874K |
|
1440
Progyny
PGNY
$2.47B
| $10.9M | ﹤0.01% |
319,595
+142,761
| +81% | +$5.39M |
|
|
HEES
1441
DELISTED
H&E Equipment Services
HEES
| $10.8M | ﹤0.01% |
250,589
-72,971
| -23% | -$3.33M |
|
1442
Liberty Latin America Class C
LILAK
$1.67B
| $10.8M | ﹤0.01% |
1,458,485
| – | – |
|
|
IBTX
1443
DELISTED
Independent Bank Group, Inc.
IBTX
| $10.8M | ﹤0.01% |
272,475
-105,646
| -28% | -$4.31M |
|
1444
The Greenbrier Companies
GBX
$1.56B
| $10.8M | ﹤0.01% |
269,177
-72,865
| -21% | -$3.13M |
|
1445
Sabre
SABR
$838M
| $10.7M | ﹤0.01% |
2,391,160
+592,986
| +33% | +$2.69M |
|
|
ACH
1446
Accendra Health
ACH
$225M
| $10.7M | ﹤0.01% |
662,859
+96,400
| +17% | +$1.71M |
|
1447
Teva Pharmaceuticals
TEVA
$40.1B
| $10.6M | ﹤0.01% |
1,043,000
-10,100,027
| -91% | -$94M |
|
1448
Vicor
VICR
$10.4B
| $10.6M | ﹤0.01% |
180,102
| – | – |
|
1449
NBT Bancorp
NBTB
$2.8B
| $10.6M | ﹤0.01% |
333,320
-8,515
| -2% | -$292K |
|
1450
Gray Television
GTN
$441M
| $10.5M | ﹤0.01% |
1,516,268
-236,275
| -13% | -$1.95M |
|
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.