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 | |
|---|---|---|---|---|---|---|
1651
AngloGold Ashanti
AU
$41.3B
| $5.71M | ﹤0.01% |
+355,000
| New | +$6.7M |
|
1652
Xerox
XRX
$411M
| $5.64M | ﹤0.01% |
359,554
| – | – |
|
1653
Scansource
SCSC
$1.16B
| $5.58M | ﹤0.01% |
184,241
-27,683
| -13% | -$830K |
|
1654
AMC Entertainment Holdings
AMC
$2.54B
| $5.56M | ﹤0.01% |
+695,715
| New | +$20.6M |
|
|
BDN
1655
Brandywine Realty Trust
BDN
$541M
| $5.56M | ﹤0.01% |
1,224,073
-345,761
| -22% | -$1.65M |
|
1656
Fulgent Genetics
FLGT
$500M
| $5.56M | ﹤0.01% |
207,810
+77,000
| +59% | +$2.63M |
|
1657
La-Z-Boy
LZB
$1.64B
| $5.5M | ﹤0.01% |
178,190
+124,683
| +233% | +$3.84M |
|
1658
Red Rock Resorts
RRR
$3.84B
| $5.49M | ﹤0.01% |
134,017
-109,607
| -45% | -$4.96M |
|
|
DISH
1659
DELISTED
DISH Network Corp.
DISH
| $5.49M | ﹤0.01% |
936,377
-1,753,522
| -65% | -$12M |
|
|
BRKL
1660
DELISTED
Brookline Bancorp
BRKL
| $5.47M | ﹤0.01% |
600,784
| – | – |
|
1661
Usana Health Sciences
USNA
$422M
| $5.44M | ﹤0.01% |
92,779
-7,928
| -8% | -$496K |
|
1662
Innoviva
INVA
$1.53B
| $5.4M | ﹤0.01% |
415,889
| – | – |
|
1663
Compass Minerals
CMP
$1.21B
| $5.32M | ﹤0.01% |
190,445
+51,522
| +37% | +$1.66M |
|
|
GOOS
1664
Canada Goose Holdings
GOOS
$856M
| $5.27M | ﹤0.01% |
359,465
-71,843
| -17% | -$1.17M |
|
1665
Federated Hermes
FHI
$4.77B
| $5.19M | ﹤0.01% |
153,200
+99,466
| +185% | +$3.43M |
|
1666
Yext
YEXT
$569M
| $5.19M | ﹤0.01% |
819,378
-460,253
| -36% | -$3.94M |
|
|
BRSP
1667
BrightSpire Capital
BRSP
$649M
| $5.15M | ﹤0.01% |
823,069
| – | – |
|
1668
Iovance Biotherapeutics
IOVA
$1.93B
| $5.1M | ﹤0.01% |
1,120,457
| – | – |
|
|
DESP
1669
DELISTED
Despegar.com
DESP
| $5.08M | ﹤0.01% |
700,000
| – | – |
|
1670
ADT
ADT
$5.76B
| $5.07M | ﹤0.01% |
845,634
+473,800
| +127% | +$2.95M |
|
1671
Prothena Corp
PRTA
$436M
| $5.05M | ﹤0.01% |
104,564
| – | – |
|
1672
Coeur Mining
CDE
$16B
| $5.03M | ﹤0.01% |
2,267,319
| – | – |
|
|
PRA
1673
DELISTED
ProAssurance
PRA
| $5M | ﹤0.01% |
264,698
| – | – |
|
1674
Rocket Pharmaceuticals
RCKT
$372M
| $4.99M | ﹤0.01% |
243,351
| – | – |
|
1675
Heartland Express
HTLD
$949M
| $4.95M | ﹤0.01% |
337,103
| – | – |
|
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.