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 | |
|---|---|---|---|---|---|---|
|
FTCH
1676
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $4.93M | ﹤0.01% |
2,360,159
-276,243
| -10% | -$1.13M |
|
1677
Forward Air
FWRD
$464M
| $4.92M | ﹤0.01% |
71,601
-217,317
| -75% | -$19.1M |
|
1678
Marcus & Millichap
MMI
$1.16B
| $4.91M | ﹤0.01% |
167,442
-31,617
| -16% | -$1.06M |
|
1679
1st Source
SRCE
$2.18B
| $4.89M | ﹤0.01% |
116,087
| – | – |
|
1680
Aurora
AUR
$13.3B
| $4.79M | ﹤0.01% |
+2,037,843
| New | +$6.31M |
|
|
FSR
1681
DELISTED
Fisker Inc.
FSR
| $4.78M | ﹤0.01% |
743,834
| – | – |
|
1682
Live Oak Bancshares
LOB
$2.03B
| $4.76M | ﹤0.01% |
164,256
| – | – |
|
|
HOUS
1683
DELISTED
Anywhere Real Estate
HOUS
| $4.74M | ﹤0.01% |
737,923
-98,659
| -12% | -$718K |
|
1684
Hudbay
HBM
$10.4B
| $4.74M | ﹤0.01% |
975,024
| – | – |
|
1685
Schrodinger
SDGR
$1.14B
| $4.74M | ﹤0.01% |
167,759
+13,203
| +9% | +$532K |
|
1686
HEICO Corp
HEI
$50.4B
| $4.74M | ﹤0.01% |
29,285
-41,328
| -59% | -$7.01M |
|
1687
United Natural Foods
UNFI
$2.87B
| $4.74M | ﹤0.01% |
335,319
-153,151
| -31% | -$3M |
|
1688
Opko Health
OPK
$978M
| $4.66M | ﹤0.01% |
2,912,872
-320,513
| -10% | -$584K |
|
|
PARA
1689
DELISTED
Paramount Global Class B
PARA
| $4.65M | ﹤0.01% |
360,174
-331,911
| -48% | -$4.92M |
|
1690
Playtika
PLTK
$1.54B
| $4.64M | ﹤0.01% |
481,485
-21,728
| -4% | -$233K |
|
|
VISN
1691
Vistance Networks Inc
VISN
$2.72B
| $4.63M | ﹤0.01% |
1,376,562
-271,747
| -16% | -$1.11M |
|
|
CTEV
1692
Claritev Corp
CTEV
$414M
| $4.61M | ﹤0.01% |
68,645
-6,411
| -9% | -$474K |
|
1693
Compass
COMP
$8.78B
| $4.59M | ﹤0.01% |
1,582,500
| – | – |
|
|
NBIS
1694
Nebius Group N.V.
NBIS
$54B
| $4.57M | ﹤0.01% |
2,934,312
| – | – |
|
1695
Star Bulk Carriers
SBLK
$3.2B
| $4.55M | ﹤0.01% |
236,138
| – | – |
|
1696
ACV Auctions
ACVA
$1.36B
| $4.53M | ﹤0.01% |
+298,700
| New | +$4.85M |
|
1697
Rogers Communications
RCI
$18.4B
| $4.52M | ﹤0.01% |
117,860
| – | – |
|
1698
Reynolds Consumer Products
REYN
$5.32B
| $4.48M | ﹤0.01% |
174,842
+46,700
| +36% | +$1.27M |
|
|
DCPH
1699
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $4.48M | ﹤0.01% |
352,068
| – | – |
|
|
ATSG
1700
DELISTED
Air Transport Services Group
ATSG
| $4.47M | ﹤0.01% |
214,048
| – | – |
|
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.