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 | |
|---|---|---|---|---|---|---|
1751
Banco Bilbao Vizcaya Argentaria
BBVA
$157B
| $3.46M | ﹤0.01% |
430,000
| – | – |
|
1752
Quanex
NX
$883M
| $3.45M | ﹤0.01% |
122,591
+44,600
| +57% | +$1.22M |
|
|
TDCX
1753
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
| $3.4M | ﹤0.01% |
575,249
-294,751
| -34% | -$1.93M |
|
1754
Tandem Diabetes Care
TNDM
$1.38B
| $3.39M | ﹤0.01% |
163,273
-404,105
| -71% | -$11.1M |
|
1755
SkinHealth Systems
SKIN
$90.6M
| $3.35M | ﹤0.01% |
556,200
-124,338
| -18% | -$873K |
|
1756
Excelerate Energy
EE
$1.24B
| $3.34M | ﹤0.01% |
196,219
-365,169
| -65% | -$7.13M |
|
|
GES
1757
DELISTED
Guess Inc
GES
| $3.33M | ﹤0.01% |
153,863
-127,900
| -45% | -$2.7M |
|
|
SWI
1758
DELISTED
SolarWinds Corporation Common Stock
SWI
| $3.33M | ﹤0.01% |
352,525
-30,769
| -8% | -$323K |
|
1759
Columbia Financial
CLBK
$1.11B
| $3.32M | ﹤0.01% |
211,384
-38,838
| -16% | -$668K |
|
1760
Zentalis Pharmaceuticals
ZNTL
$331M
| $3.3M | ﹤0.01% |
164,342
-3,400
| -2% | -$86.3K |
|
|
TWKS
1761
DELISTED
Thoughtworks Holding, Inc. Common Stock
TWKS
| $3.29M | ﹤0.01% |
806,413
+29,504
| +4% | +$168K |
|
1762
SunCoke Energy
SXC
$714M
| $3.27M | ﹤0.01% |
322,000
| – | – |
|
1763
MediaAlpha
MAX
$781M
| $3.26M | ﹤0.01% |
395,030
-1,204,970
| -75% | -$10.8M |
|
1764
Abercrombie & Fitch
ANF
$4.84B
| $3.25M | ﹤0.01% |
57,582
-211,762
| -79% | -$9.4M |
|
1765
Rush Street Interactive
RSI
$2.9B
| $3.24M | ﹤0.01% |
702,000
-335,900
| -32% | -$1.42M |
|
1766
Crane NXT
CXT
$3.09B
| $3.2M | ﹤0.01% |
57,513
| – | – |
|
1767
TechTarget
TTGT
$323M
| $3.16M | ﹤0.01% |
104,120
| – | – |
|
1768
Atmus Filtration Technologies
ATMU
$4.4B
| $3.13M | ﹤0.01% |
150,203
-126,581
| -46% | -$2.9M |
|
1769
DXP Enterprises
DXPE
$2.53B
| $3.13M | ﹤0.01% |
+89,500
| New | +$3.23M |
|
1770
MGP Ingredients
MGPI
$370M
| $3.11M | ﹤0.01% |
29,442
| – | – |
|
1771
Keros Therapeutics
KROS
$200M
| $3.11M | ﹤0.01% |
+97,400
| New | +$3.64M |
|
|
DADA
1772
DELISTED
Dada Nexus
DADA
| $3.08M | ﹤0.01% |
691,798
| – | – |
|
1773
Helmerich & Payne
HP
$3.41B
| $3.04M | ﹤0.01% |
72,169
-432,538
| -86% | -$18.1M |
|
|
NVMI
1774
Nova
NVMI
$12.5B
| $3.04M | ﹤0.01% |
27,449
-24,650
| -47% | -$2.9M |
|
1775
Maravai LifeSciences
MRVI
$947M
| $2.99M | ﹤0.01% |
299,380
-248,756
| -45% | -$2.73M |
|
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.