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 | |
|---|---|---|---|---|---|---|
|
MDRX
1576
DELISTED
Veradigm Inc. Common Stock
MDRX
| $7.44M | ﹤0.01% |
566,005
+186,000
| +49% | +$2.44M |
|
|
AAMI
1577
Acadian Asset Management
AAMI
$3.24B
| $7.42M | ﹤0.01% |
382,750
+83,200
| +28% | +$1.72M |
|
1578
Magnite
MGNI
$2.92B
| $7.36M | ﹤0.01% |
975,714
-44,468
| -4% | -$479K |
|
1579
G-III Apparel Group
GIII
$1.54B
| $7.34M | ﹤0.01% |
294,445
-86,597
| -23% | -$1.85M |
|
1580
Trupanion
TRUP
$1.07B
| $7.28M | ﹤0.01% |
258,298
-146,942
| -36% | -$4.18M |
|
1581
Beam Therapeutics
BEAM
$2.85B
| $7.26M | ﹤0.01% |
301,724
-6,910
| -2% | -$185K |
|
|
AVNS
1582
DELISTED
Avanos Medical
AVNS
| $7.21M | ﹤0.01% |
356,363
-41,659
| -10% | -$944K |
|
|
ESMT
1583
DELISTED
EngageSmart, Inc.
ESMT
| $7.18M | ﹤0.01% |
399,100
-66,100
| -14% | -$1.18M |
|
1584
Telephone and Data Systems
TDS
$4.08B
| $7.18M | ﹤0.01% |
392,098
| – | – |
|
1585
Shenandoah Telecom
SHEN
$715M
| $7.17M | ﹤0.01% |
347,857
-46,471
| -12% | -$952K |
|
|
FL
1586
DELISTED
Foot Locker
FL
| $7.17M | ﹤0.01% |
413,092
+196,500
| +91% | +$4.4M |
|
|
GRMN
1587
Garmin
GRMN
$58.4B
| $7.16M | ﹤0.01% |
68,088
+1,923
| +3% | +$202K |
|
1588
LGI Homes
LGIH
$1.41B
| $7.14M | ﹤0.01% |
71,795
-18,044
| -20% | -$2.24M |
|
1589
Xencor
XNCR
$1.48B
| $7.1M | ﹤0.01% |
352,539
-84,697
| -19% | -$1.93M |
|
|
LICY
1590
DELISTED
Li-Cycle Holdings Corp.
LICY
| $7.1M | ﹤0.01% |
250,000
| – | – |
|
1591
Core Laboratories
CLB
$507M
| $7.1M | ﹤0.01% |
295,682
+46,187
| +19% | +$1.13M |
|
|
SASR
1592
DELISTED
Sandy Spring Bancorp Inc
SASR
| $7.09M | ﹤0.01% |
330,930
-52,512
| -14% | -$1.2M |
|
|
RPT
1593
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $7.04M | ﹤0.01% |
666,330
-59,249
| -8% | -$634K |
|
1594
Sturm, Ruger & Co
RGR
$621M
| $6.96M | ﹤0.01% |
133,500
-18,792
| -12% | -$987K |
|
1595
N-able
NABL
$966M
| $6.92M | ﹤0.01% |
536,689
| – | – |
|
|
BBT
1596
Beacon Financial Corp
BBT
$2.71B
| $6.92M | ﹤0.01% |
345,249
-37,936
| -10% | -$813K |
|
1597
Buckle
BKE
$2.35B
| $6.91M | ﹤0.01% |
206,827
+104,017
| +101% | +$3.65M |
|
1598
Definitive Healthcare
DH
$74M
| $6.85M | ﹤0.01% |
857,758
-50,000
| -6% | -$502K |
|
1599
Madison Square Garden
MSGE
$3.68B
| $6.85M | ﹤0.01% |
208,216
| – | – |
|
1600
Kornit Digital
KRNT
$769M
| $6.85M | ﹤0.01% |
362,048
| – | – |
|
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.