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 | |
|---|---|---|---|---|---|---|
|
MCW
1826
DELISTED
Mister Car Wash
MCW
| $2.04M | ﹤0.01% |
369,695
-113,895
| -24% | -$869K |
|
|
CMAX
1827
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| $2.03M | ﹤0.01% |
31,893
| – | – |
|
1828
DMC Global
BOOM
$149M
| $2.02M | ﹤0.01% |
82,600
-19,800
| -19% | -$431K |
|
|
KAMN
1829
DELISTED
Kaman Corp
KAMN
| $2.02M | ﹤0.01% |
102,700
-135,309
| -57% | -$3.02M |
|
1830
Clear Channel Outdoor Holdings
CCO
$1.23B
| $2.01M | ﹤0.01% |
1,274,400
| – | – |
|
|
MASI
1831
DELISTED
Masimo
MASI
| $2.01M | ﹤0.01% |
22,940
-414,060
| -95% | -$48.2M |
|
|
SOHU
1832
Sohu.com
SOHU
$364M
| $2M | ﹤0.01% |
212,775
-12,422
| -6% | -$134K |
|
1833
Sally Beauty Holdings
SBH
$1.54B
| $1.99M | ﹤0.01% |
236,914
-130,965
| -36% | -$1.39M |
|
1834
Brookdale Senior Living
BKD
$3.43B
| $1.97M | ﹤0.01% |
+475,800
| New | +$1.91M |
|
1835
Petco
WOOF
$831M
| $1.95M | ﹤0.01% |
477,848
-180,234
| -27% | -$1.19M |
|
|
AAN
1836
DELISTED
The Aaron's Company Inc
AAN
| $1.94M | ﹤0.01% |
+185,700
| New | +$2.37M |
|
1837
Alpha Metallurgical Resources
AMR
$1.76B
| $1.94M | ﹤0.01% |
+7,484
| New | +$1.46M |
|
|
AMK
1838
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $1.92M | ﹤0.01% |
76,600
-10,200
| -12% | -$290K |
|
1839
Hawkins
HWKN
$2.76B
| $1.91M | ﹤0.01% |
+32,500
| New | +$1.76M |
|
|
TARO
1840
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $1.9M | ﹤0.01% |
50,264
-10,526
| -17% | -$395K |
|
1841
Magnachip Semiconductor
MX
$127M
| $1.88M | ﹤0.01% |
226,700
| – | – |
|
|
RVNC
1842
DELISTED
Revance Therapeutics, Inc.
RVNC
| $1.85M | ﹤0.01% |
161,000
| – | – |
|
1843
Atlanta Braves Holdings Series A
BATRA
$3.49B
| $1.78M | ﹤0.01% |
45,474
| – | – |
|
1844
JetBlue
JBLU
$2.35B
| $1.75M | ﹤0.01% |
379,907
-286,095
| -43% | -$1.88M |
|
1845
Allegiant Air
ALGT
$2.78B
| $1.74M | ﹤0.01% |
22,602
-5,126
| -18% | -$527K |
|
1846
Dutch Bros
BROS
$8.91B
| $1.74M | ﹤0.01% |
+74,682
| New | +$2.13M |
|
1847
Clear Secure
YOU
$5.56B
| $1.7M | ﹤0.01% |
89,302
-147,000
| -62% | -$3.26M |
|
1848
Asana
ASAN
$1.97B
| $1.69M | ﹤0.01% |
92,141
-135,700
| -60% | -$2.84M |
|
1849
Enovix
ENVX
$921M
| $1.64M | ﹤0.01% |
149,574
-122,689
| -45% | -$1.75M |
|
1850
Kymera Therapeutics
KYMR
$8.25B
| $1.64M | ﹤0.01% |
117,883
-49,653
| -30% | -$998K |
|
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.