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 | |
|---|---|---|---|---|---|---|
|
NXRT
1776
NexPoint Residential Trust
NXRT
$660M
| $2.97M | ﹤0.01% |
92,300
+65,300
| +242% | +$2.57M |
|
1777
Snap
SNAP
$8.48B
| $2.96M | ﹤0.01% |
+332,100
| New | +$3.47M |
|
|
ONL
1778
Orion Office REIT
ONL
$155M
| $2.96M | ﹤0.01% |
567,180
| – | – |
|
1779
Life Time Group Holdings
LTH
$9.87B
| $2.94M | ﹤0.01% |
+193,389
| New | +$3.41M |
|
|
PLGO
1780
Pelagos Insurance Capital
PLGO
$2.16B
| $2.9M | ﹤0.01% |
197,481
| – | – |
|
|
OLPX
1781
DELISTED
Olaplex Holdings
OLPX
| $2.89M | ﹤0.01% |
1,482,551
| – | – |
|
1782
World Acceptance Corp
WRLD
$877M
| $2.88M | ﹤0.01% |
22,700
-8,800
| -28% | -$1.22M |
|
|
INST
1783
DELISTED
Instructure Holdings, Inc.
INST
| $2.88M | ﹤0.01% |
113,462
+40,600
| +56% | +$1.05M |
|
1784
Pricesmart
PSMT
$6.08B
| $2.88M | ﹤0.01% |
38,695
| – | – |
|
1785
CryoPort
CYRX
$781M
| $2.88M | ﹤0.01% |
209,938
-135,329
| -39% | -$1.99M |
|
|
LTHM
1786
DELISTED
Livent Corporation
LTHM
| $2.84M | ﹤0.01% |
154,154
-468,996
| -75% | -$10.7M |
|
|
LGF.B
1787
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $2.81M | ﹤0.01% |
357,551
-184,314
| -34% | -$1.39M |
|
1788
FTAI Infrastructure
FIP
$405M
| $2.81M | ﹤0.01% |
873,800
| – | – |
|
1789
ePlus
PLUS
$2.45B
| $2.8M | ﹤0.01% |
44,100
-5,900
| -12% | -$364K |
|
1790
IMAX
IMAX
$2.8B
| $2.8M | ﹤0.01% |
144,972
| – | – |
|
1791
SiriusXM
SIRI
$10.2B
| $2.8M | ﹤0.01% |
61,840
-15,262
| -20% | -$709K |
|
1792
Dine Brands
DIN
$458M
| $2.79M | ﹤0.01% |
56,323
-70,359
| -56% | -$3.93M |
|
1793
StepStone Group
STEP
$3.83B
| $2.77M | ﹤0.01% |
87,741
| – | – |
|
1794
Century Aluminum
CENX
$4.47B
| $2.77M | ﹤0.01% |
385,148
-45,045
| -10% | -$363K |
|
|
IAS
1795
DELISTED
Integral Ad Science
IAS
| $2.75M | ﹤0.01% |
231,300
-294,348
| -56% | -$4.55M |
|
1796
Kodiak Gas Services
KGS
$5.86B
| $2.66M | ﹤0.01% |
148,792
-87,514
| -37% | -$1.56M |
|
1797
Community Health Systems
CYH
$412M
| $2.63M | ﹤0.01% |
907,100
-1,500
| -0.2% | -$5.56K |
|
1798
Intapp
INTA
$2.57B
| $2.62M | ﹤0.01% |
78,200
-35,100
| -31% | -$1.28M |
|
|
CVAC
1799
DELISTED
CureVac
CVAC
| $2.61M | ﹤0.01% |
381,846
-31,890
| -8% | -$282K |
|
1800
Triumph Financial Inc
TFIN
$1.83B
| $2.61M | ﹤0.01% |
40,220
-46,712
| -54% | -$3.08M |
|
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.