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 | |
|---|---|---|---|---|---|---|
1526
Matthews International
MATW
$863M
| $8.63M | ﹤0.01% |
221,920
-4,045
| -2% | -$175K |
|
1527
NetEase
NTES
$83.5B
| $8.62M | ﹤0.01% |
86,101
| – | – |
|
1528
National Beverage
FIZZ
$2.99B
| $8.62M | ﹤0.01% |
183,386
+4,603
| +3% | +$232K |
|
|
LAZR
1529
DELISTED
Luminar Technologies
LAZR
| $8.59M | ﹤0.01% |
125,901
-13,906
| -10% | -$1.28M |
|
1530
Provident Financial Services
PFS
$3.23B
| $8.59M | ﹤0.01% |
561,670
-65,044
| -10% | -$1.1M |
|
|
AIV
1531
Aimco
AIV
$381M
| $8.53M | ﹤0.01% |
1,253,717
-695,580
| -36% | -$5.53M |
|
1532
U-Haul Holding Co
UHAL
$14.7B
| $8.49M | ﹤0.01% |
155,609
+17,708
| +13% | +$1.03M |
|
1533
Astec Industries
ASTE
$1.02B
| $8.44M | ﹤0.01% |
179,110
-24,395
| -12% | -$1.2M |
|
1534
Dropbox
DBX
$8.06B
| $8.44M | ﹤0.01% |
+309,816
| New | +$8.44M |
|
1535
Lindsay Corp
LNN
$1.17B
| $8.43M | ﹤0.01% |
71,658
-7,811
| -10% | -$965K |
|
1536
Under Armour
UAA
$2.73B
| $8.43M | ﹤0.01% |
1,230,739
-382,165
| -24% | -$2.88M |
|
1537
Adeia
ADEA
$3.12B
| $8.39M | ﹤0.01% |
785,866
-62,918
| -7% | -$668K |
|
1538
JELD-WEN Holding
JELD
$154M
| $8.38M | ﹤0.01% |
627,589
-48,870
| -7% | -$766K |
|
|
UNIT
1539
Uniti Group
UNIT
$2.33B
| $8.35M | ﹤0.01% |
1,769,343
-204,681
| -10% | -$1.05M |
|
1540
Ligand Pharmaceuticals
LGND
$6.02B
| $8.27M | ﹤0.01% |
137,988
+32,511
| +31% | +$2.14M |
|
1541
IAMGOLD
IAG
$9.27B
| $8.25M | ﹤0.01% |
3,831,735
-415,201
| -10% | -$1.02M |
|
1542
Supernus Pharmaceuticals
SUPN
$2.72B
| $8.2M | ﹤0.01% |
297,288
-43,359
| -13% | -$1.32M |
|
|
PDM
1543
Piedmont Realty Trust
PDM
$1.18B
| $8.19M | ﹤0.01% |
1,457,653
+430,616
| +42% | +$2.95M |
|
|
AGNT
1544
AGNT Inc
AGNT
$690M
| $8.15M | ﹤0.01% |
501,547
-45,958
| -8% | -$948K |
|
1545
Empire State Realty Trust
ESRT
$843M
| $8.14M | ﹤0.01% |
1,012,872
-99,632
| -9% | -$832K |
|
|
HYZN
1546
DELISTED
Hyzon Motors Inc. Class A Common Stock
HYZN
| $8.13M | ﹤0.01% |
130,000
| – | – |
|
1547
Apogee Enterprises
APOG
$900M
| $8.12M | ﹤0.01% |
172,419
-26,045
| -13% | -$1.27M |
|
1548
ODDITY Tech
ODD
$624M
| $8.11M | ﹤0.01% |
+286,232
| New | +$12.1M |
|
1549
Bankunited
BKU
$3.37B
| $8.1M | ﹤0.01% |
356,895
-605,616
| -63% | -$15.5M |
|
1550
Alaska Air
ALK
$5.66B
| $8.09M | ﹤0.01% |
218,203
-155,013
| -42% | -$7.02M |
|
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.