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 | |
|---|---|---|---|---|---|---|
1851
Park National Corp
PRK
$3.75B
| $1.63M | ﹤0.01% |
17,239
-13,550
| -44% | -$1.4M |
|
1852
Organogenesis Holdings
ORGO
$301M
| $1.53M | ﹤0.01% |
+482,200
| New | +$1.53M |
|
|
TWOU
1853
DELISTED
2U Inc
TWOU
| $1.53M | ﹤0.01% |
20,617
-5,217
| -20% | -$533K |
|
|
CDMO
1854
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $1.52M | ﹤0.01% |
+161,000
| New | +$1.94M |
|
1855
Enviri
NVRI
$651M
| $1.5M | ﹤0.01% |
+207,800
| New | +$1.68M |
|
1856
Sinclair Inc
SBGI
$1B
| $1.47M | ﹤0.01% |
130,819
-102,330
| -44% | -$1.32M |
|
1857
CEVA Inc
CEVA
$927M
| $1.45M | ﹤0.01% |
74,700
+54,600
| +272% | +$1.27M |
|
1858
Insteel Industries
IIIN
$602M
| $1.43M | ﹤0.01% |
+44,200
| New | +$1.42M |
|
1859
Arcus Biosciences
RCUS
$3.47B
| $1.43M | ﹤0.01% |
79,824
| – | – |
|
1860
TFS Financial
TFSL
$5.17B
| $1.42M | ﹤0.01% |
120,316
-150,200
| -56% | -$2.01M |
|
|
MRUS
1861
DELISTED
Merus
MRUS
| $1.42M | ﹤0.01% |
60,300
| – | – |
|
1862
uniQure
QURE
$3.06B
| $1.39M | ﹤0.01% |
207,100
-331,260
| -62% | -$2.98M |
|
1863
MBIA
MBI
$266M
| $1.37M | ﹤0.01% |
189,801
+104,700
| +123% | +$872K |
|
1864
Choice Hotels
CHH
$4.93B
| $1.36M | ﹤0.01% |
11,095
-10,885
| -50% | -$1.37M |
|
|
HAPN
1865
Happen Inc
HAPN
$2.36B
| $1.35M | ﹤0.01% |
+221,100
| New | +$1.72M |
|
1866
Andersons Inc
ANDE
$2.38B
| $1.34M | ﹤0.01% |
+26,100
| New | +$1.31M |
|
1867
Payoneer
PAYO
$2.4B
| $1.34M | ﹤0.01% |
218,270
-493,421
| -69% | -$2.78M |
|
1868
PC Connection
CNXN
$2.16B
| $1.33M | ﹤0.01% |
25,000
-15,300
| -38% | -$777K |
|
1869
Koppers
KOP
$976M
| $1.31M | ﹤0.01% |
+33,100
| New | +$1.25M |
|
1870
Boot Barn
BOOT
$4.8B
| $1.29M | ﹤0.01% |
+15,877
| New | +$1.43M |
|
|
BNT
1871
Brookfield Wealth Solutions
BNT
$12B
| $1.28M | ﹤0.01% |
61,118
| – | – |
|
|
INN
1872
Summit Hotel Properties
INN
$749M
| $1.26M | ﹤0.01% |
216,900
-641,191
| -75% | -$3.83M |
|
|
CCC
1873
CCC Intelligent Solutions
CCC
$3.71B
| $1.24M | ﹤0.01% |
92,549
| – | – |
|
1874
BlueLinx
BXC
$471M
| $1.23M | ﹤0.01% |
15,000
| – | – |
|
1875
American Vanguard Corp
AVD
$70.4M
| $1.22M | ﹤0.01% |
+111,700
| New | +$1.7M |
|
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.