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 | |
|---|---|---|---|---|---|---|
1601
Skyward Specialty Insurance
SKWD
$2.48B
| $6.84M | ﹤0.01% |
+250,000
| New | +$6.23M |
|
1602
Chegg
CHGG
$115M
| $6.83M | ﹤0.01% |
765,860
-246,428
| -24% | -$2.4M |
|
|
LGF.A
1603
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $6.82M | ﹤0.01% |
804,737
-100,735
| -11% | -$800K |
|
1604
C3.ai
AI
$1.55B
| $6.82M | ﹤0.01% |
267,280
-18,405
| -6% | -$614K |
|
|
RWT
1605
Redwood Trust
RWT
$585M
| $6.8M | ﹤0.01% |
953,859
-64,433
| -6% | -$474K |
|
1606
Fluence Energy
FLNC
$2.07B
| $6.8M | ﹤0.01% |
295,787
+110,144
| +59% | +$2.84M |
|
|
VSTO
1607
DELISTED
Vista Outdoor Inc.
VSTO
| $6.75M | ﹤0.01% |
203,833
| – | – |
|
|
SAGE
1608
DELISTED
Sage Therapeutics
SAGE
| $6.72M | ﹤0.01% |
326,480
-65,291
| -17% | -$1.89M |
|
1609
Jack in the Box
JACK
$331M
| $6.7M | ﹤0.01% |
97,026
-71,560
| -42% | -$6.09M |
|
|
DMC
1610
Del Monte Corp
DMC
$1.4B
| $6.7M | ﹤0.01% |
259,195
| – | – |
|
|
GAP
1611
The Gap Inc
GAP
$7.48B
| $6.69M | ﹤0.01% |
629,363
-936,229
| -60% | -$9.55M |
|
|
MOMO
1612
Hello Group
MOMO
$882M
| $6.67M | ﹤0.01% |
955,086
| – | – |
|
1613
Phreesia
PHR
$699M
| $6.62M | ﹤0.01% |
354,186
+86,178
| +32% | +$2.32M |
|
|
CSR
1614
Centerspace
CSR
$916M
| $6.61M | ﹤0.01% |
109,651
-18,928
| -15% | -$1.18M |
|
1615
Kraft Heinz
KHC
$31.4B
| $6.56M | ﹤0.01% |
194,979
+4,447
| +2% | +$154K |
|
1616
Newmark Group
NMRK
$2.76B
| $6.55M | ﹤0.01% |
1,018,805
-115,357
| -10% | -$799K |
|
1617
Twist Bioscience
TWST
$6.35B
| $6.54M | ﹤0.01% |
322,588
-25,893
| -7% | -$569K |
|
1618
Embecta
EMBC
$227M
| $6.5M | ﹤0.01% |
432,225
+310,724
| +256% | +$5.83M |
|
1619
Columbia Sportswear
COLM
$2.97B
| $6.46M | ﹤0.01% |
87,113
-220,300
| -72% | -$16.4M |
|
1620
TTM Technologies
TTMI
$14.1B
| $6.44M | ﹤0.01% |
499,876
+12,215
| +3% | +$170K |
|
1621
Deluxe
DLX
$1.23B
| $6.41M | ﹤0.01% |
339,267
-57,609
| -15% | -$1.12M |
|
1622
Stratasys
SSYS
$783M
| $6.39M | ﹤0.01% |
469,577
-94,079
| -17% | -$1.49M |
|
1623
Veeco
VECO
$3.32B
| $6.39M | ﹤0.01% |
+227,200
| New | +$6.26M |
|
1624
Shutterstock
SSTK
$219M
| $6.33M | ﹤0.01% |
166,295
-155,454
| -48% | -$6.97M |
|
|
DCH
1625
Dauch Corp
DCH
$1.41B
| $6.31M | ﹤0.01% |
869,780
+64,621
| +8% | +$519K |
|
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.