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 | |
|---|---|---|---|---|---|---|
|
EVBG
1726
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $3.94M | ﹤0.01% |
175,721
-168,303
| -49% | -$4.34M |
|
1727
Sprinklr
CXM
$1.49B
| $3.94M | ﹤0.01% |
284,500
+80,200
| +39% | +$1.15M |
|
|
SHYF
1728
DELISTED
The Shyft Group
SHYF
| $3.92M | ﹤0.01% |
262,000
+134,200
| +105% | +$2.26M |
|
|
AYX
1729
DELISTED
Alteryx Inc
AYX
| $3.92M | ﹤0.01% |
103,976
-548,850
| -84% | -$19.7M |
|
1730
Camping World
CWH
$639M
| $3.9M | ﹤0.01% |
190,980
+62,328
| +48% | +$1.64M |
|
1731
Pulmonx
LUNG
$68.8M
| $3.89M | ﹤0.01% |
376,900
-400
| -0.1% | -$4.63K |
|
|
NVEI
1732
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $3.87M | ﹤0.01% |
257,900
+172,726
| +203% | +$4M |
|
|
ARR
1733
Armour Residential REIT
ARR
$2.33B
| $3.86M | ﹤0.01% |
181,475
| – | – |
|
1734
ZIM Integrated Shipping Services
ZIM
$3.04B
| $3.78M | ﹤0.01% |
361,800
-454,545
| -56% | -$5.78M |
|
1735
Chesapeake Utilities
CPK
$3.19B
| $3.73M | ﹤0.01% |
38,117
| – | – |
|
|
AVTA
1736
DELISTED
Avantax, Inc. Common Stock
AVTA
| $3.69M | ﹤0.01% |
144,275
| – | – |
|
1737
MiMedx Group
MDXG
$602M
| $3.67M | ﹤0.01% |
+503,700
| New | +$3.75M |
|
1738
FuelCell Energy
FCEL
$1.73B
| $3.66M | ﹤0.01% |
95,413
-19,506
| -17% | -$1.02M |
|
1739
Beyond Meat
BYND
$292M
| $3.65M | ﹤0.01% |
378,980
-136,935
| -27% | -$1.79M |
|
|
FLNA
1740
Filana Therapeutics
FLNA
$48.8M
| $3.6M | ﹤0.01% |
216,503
-58,582
| -21% | -$1.16M |
|
1741
Brady Corp
BRC
$4.44B
| $3.6M | ﹤0.01% |
65,555
-36,029
| -35% | -$1.85M |
|
1742
Vital Farms
VITL
$545M
| $3.59M | ﹤0.01% |
310,000
| – | – |
|
|
BFS
1743
Saul Centers
BFS
$836M
| $3.55M | ﹤0.01% |
100,743
-12,522
| -11% | -$467K |
|
|
NXGN
1744
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $3.55M | ﹤0.01% |
149,593
+70,000
| +88% | +$1.32M |
|
|
PTVE
1745
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $3.54M | ﹤0.01% |
436,014
| – | – |
|
|
MTTR
1746
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $3.54M | ﹤0.01% |
1,630,806
| – | – |
|
1747
Artisan Partners
APAM
$2.79B
| $3.52M | ﹤0.01% |
+94,113
| New | +$3.65M |
|
1748
B&G Foods
BGS
$287M
| $3.51M | ﹤0.01% |
355,109
| – | – |
|
|
PWSC
1749
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $3.5M | ﹤0.01% |
154,349
-304,071
| -66% | -$6.66M |
|
1750
Digital Turbine
APPS
$975M
| $3.48M | ﹤0.01% |
575,805
-78,368
| -12% | -$698K |
|
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.