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 | |
|---|---|---|---|---|---|---|
|
OPLN
1476
Openlane
OPLN
$4.24B
| $10.1M | ﹤0.01% |
674,419
-133,120
| -16% | -$2.05M |
|
|
LTC
1477
LTC Properties
LTC
$1.97B
| $10.1M | ﹤0.01% |
312,844
-29,387
| -9% | -$970K |
|
1478
DNOW Inc
DNOW
$2.63B
| $10M | ﹤0.01% |
846,648
-81,801
| -9% | -$913K |
|
|
NOVA
1479
DELISTED
Sunnova Energy
NOVA
| $10M | ﹤0.01% |
959,083
+62,175
| +7% | +$972K |
|
|
VRE
1480
DELISTED
Veris Residential
VRE
| $10M | ﹤0.01% |
608,437
-112,110
| -16% | -$1.97M |
|
1481
First Commonwealth Financial
FCF
$2.22B
| $10M | ﹤0.01% |
821,164
-65,369
| -7% | -$861K |
|
1482
Fastly Inc
FSLY
$3.9B
| $9.98M | ﹤0.01% |
520,428
-129,434
| -20% | -$2.53M |
|
1483
Arvinas
ARVN
$581M
| $9.93M | ﹤0.01% |
505,462
-107,707
| -18% | -$2.64M |
|
1484
Pebblebrook Hotel Trust
PEB
$2.15B
| $9.88M | ﹤0.01% |
726,941
-114,849
| -14% | -$1.65M |
|
|
HTLF
1485
DELISTED
Heartland Financial USA, Inc.
HTLF
| $9.88M | ﹤0.01% |
335,647
-23,127
| -6% | -$719K |
|
|
CIM
1486
Chimera Investment
CIM
$1.06B
| $9.82M | ﹤0.01% |
599,639
-56,523
| -9% | -$992K |
|
1487
Par Pacific Holdings
PARR
$4.16B
| $9.78M | ﹤0.01% |
272,200
+115,200
| +73% | +$3.78M |
|
1488
Middleby
MIDD
$6.27B
| $9.77M | ﹤0.01% |
76,322
+11,568
| +18% | +$1.64M |
|
|
ONC
1489
BeOne Medicines Ltd
ONC
$33.5B
| $9.71M | ﹤0.01% |
54,000
| – | – |
|
1490
Wingstop
WING
$3.31B
| $9.71M | ﹤0.01% |
54,008
-215,537
| -80% | -$37.2M |
|
1491
CTS Corp
CTS
$1.92B
| $9.65M | ﹤0.01% |
231,232
-28,993
| -11% | -$1.25M |
|
1492
National Vision
EYE
$1.85B
| $9.63M | ﹤0.01% |
595,241
-113,197
| -16% | -$2.27M |
|
1493
Mueller Water Products
MWA
$4.16B
| $9.63M | ﹤0.01% |
759,180
-452,190
| -37% | -$6.51M |
|
1494
Clearway Energy Class C
CWEN
$4.94B
| $9.57M | ﹤0.01% |
452,119
+143,392
| +46% | +$3.64M |
|
1495
Driven Brands
DRVN
$2.45B
| $9.52M | ﹤0.01% |
756,029
+178,191
| +31% | +$3.26M |
|
1496
WD-40
WDFC
$3.17B
| $9.52M | ﹤0.01% |
46,822
-88,500
| -65% | -$18.9M |
|
|
XHR
1497
Xenia Hotels & Resorts
XHR
$1.89B
| $9.5M | ﹤0.01% |
806,123
-182,719
| -18% | -$2.2M |
|
1498
Upwork
UPWK
$1.2B
| $9.49M | ﹤0.01% |
835,592
-82,874
| -9% | -$1.03M |
|
1499
AZZ Inc
AZZ
$4.59B
| $9.46M | ﹤0.01% |
207,474
-13,414
| -6% | -$614K |
|
1500
Polaris
PII
$4.2B
| $9.45M | ﹤0.01% |
90,778
-291,534
| -76% | -$34.6M |
|
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.