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 | |
|---|---|---|---|---|---|---|
|
PLL
1501
DELISTED
Piedmont Lithium
PLL
| $9.35M | ﹤0.01% |
235,630
+1,316
| +0.6% | +$63.9K |
|
1502
Cimpress
CMPR
$2.49B
| $9.34M | ﹤0.01% |
133,466
| – | – |
|
1503
Pilgrim's Pride
PPC
$6.42B
| $9.32M | ﹤0.01% |
408,337
-36,000
| -8% | -$876K |
|
1504
Cheesecake Factory
CAKE
$5.26B
| $9.32M | ﹤0.01% |
307,614
-13,286
| -4% | -$443K |
|
1505
Kaiser Aluminum
KALU
$2.85B
| $9.31M | ﹤0.01% |
123,758
-6,388
| -5% | -$485K |
|
|
AMWD
1506
DELISTED
American Woodmark
AMWD
| $9.28M | ﹤0.01% |
122,714
-20,972
| -15% | -$1.58M |
|
1507
Acadia Realty Trust
AKR
$2.97B
| $9.25M | ﹤0.01% |
644,882
-123,990
| -16% | -$1.88M |
|
1508
Encore Capital Group
ECPG
$2.05B
| $9.23M | ﹤0.01% |
193,339
-12,565
| -6% | -$616K |
|
|
SVC
1509
Service Properties Trust
SVC
$1.03B
| $9.22M | ﹤0.01% |
239,684
-26,263
| -10% | -$1.09M |
|
|
ALEX
1510
DELISTED
Alexander & Baldwin
ALEX
| $9.21M | ﹤0.01% |
550,258
-54,063
| -9% | -$980K |
|
1511
Pacira BioSciences
PCRX
$1.09B
| $9.19M | ﹤0.01% |
299,548
-14,059
| -4% | -$507K |
|
1512
Westamerica Bancorp
WABC
$1.39B
| $9.15M | ﹤0.01% |
211,446
| – | – |
|
1513
RxSight
RXST
$259M
| $9.08M | ﹤0.01% |
325,500
+140,000
| +75% | +$4.17M |
|
1514
Methode Electronics
MEI
$536M
| $9M | ﹤0.01% |
393,919
+100,928
| +34% | +$3.01M |
|
1515
Neurocrine Biosciences
NBIX
$16.9B
| $8.99M | ﹤0.01% |
79,905
+25,578
| +47% | +$2.69M |
|
|
LADR
1516
Ladder Capital
LADR
$1.22B
| $8.98M | ﹤0.01% |
874,892
-142,389
| -14% | -$1.54M |
|
1517
Blue Owl Capital
OWL
$7.82B
| $8.93M | ﹤0.01% |
689,299
-1,118,894
| -62% | -$13.3M |
|
1518
Protolabs
PRLB
$2.11B
| $8.93M | ﹤0.01% |
338,207
+58,701
| +21% | +$1.77M |
|
|
ARGO
1519
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $8.87M | ﹤0.01% |
297,352
| – | – |
|
1520
Sony
SONY
$131B
| $8.87M | ﹤0.01% |
538,250
| – | – |
|
1521
Ironwood Pharmaceuticals
IRWD
$709M
| $8.85M | ﹤0.01% |
919,049
-204,772
| -18% | -$2.01M |
|
1522
Equinox Gold
EQX
$7.56B
| $8.82M | ﹤0.01% |
2,094,181
-112,278
| -5% | -$542K |
|
1523
ArcBest
ARCB
$3.23B
| $8.8M | ﹤0.01% |
86,578
+26,000
| +43% | +$2.73M |
|
1524
Pediatrix Medical
MD
$2.03B
| $8.74M | ﹤0.01% |
687,713
-28,249
| -4% | -$388K |
|
|
PMT
1525
PennyMac Mortgage Investment
PMT
$831M
| $8.74M | ﹤0.01% |
704,447
-85,817
| -11% | -$1.12M |
|
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.