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 | |
|---|---|---|---|---|---|---|
|
FSP
1876
Franklin Street Properties
FSP
$48.1M
| $1.21M | ﹤0.01% |
654,301
| – | – |
|
|
AGS
1877
DELISTED
PlayAGS
AGS
| $1.2M | ﹤0.01% |
184,200
-21,400
| -10% | -$143K |
|
1878
Evolus
EOLS
$398M
| $1.18M | ﹤0.01% |
129,100
-35,700
| -22% | -$320K |
|
1879
Destination XL Group
DXLG
$30.4M
| $1.17M | ﹤0.01% |
260,400
| – | – |
|
1880
Tidewater
TDW
$3.55B
| $1.16M | ﹤0.01% |
+16,281
| New | +$1.03M |
|
1881
Hayward Holdings
HAYW
$3.28B
| $1.16M | ﹤0.01% |
+81,989
| New | +$1.13M |
|
1882
Jakks Pacific
JAKK
$298M
| $1.13M | ﹤0.01% |
60,700
-38,009
| -39% | -$726K |
|
|
VNET
1883
VNET Group
VNET
$2.04B
| $1.13M | ﹤0.01% |
360,272
| – | – |
|
1884
Cinemark Holdings
CNK
$4.39B
| $1.12M | ﹤0.01% |
60,874
-32,134
| -35% | -$538K |
|
1885
PennyMac Financial
PFSI
$3.97B
| $1.1M | ﹤0.01% |
16,467
| – | – |
|
1886
3D Systems Corp
DDD
$462M
| $1.07M | ﹤0.01% |
217,947
-172,495
| -44% | -$1.24M |
|
1887
National Presto Industries
NPK
$967M
| $1,000K | ﹤0.01% |
13,800
-200
| -1% | -$15.1K |
|
1888
Pitney Bowes
PBI
$2.48B
| $1,000K | ﹤0.01% |
331,000
| – | – |
|
1889
Ooma
OOMA
$590M
| $987K | ﹤0.01% |
75,900
| – | – |
|
|
UHT
1890
Universal Health Realty Income Trust
UHT
$592M
| $977K | ﹤0.01% |
24,170
-83,288
| -78% | -$3.86M |
|
1891
Ducommun
DCO
$2.76B
| $970K | ﹤0.01% |
22,300
-700
| -3% | -$31.8K |
|
1892
Sana Biotechnology
SANA
$885M
| $966K | ﹤0.01% |
249,621
| – | – |
|
|
SPNS
1893
DELISTED
Sapiens International
SPNS
| $956K | ﹤0.01% |
33,260
-12,127
| -27% | -$347K |
|
|
GMS
1894
DELISTED
GMS Inc
GMS
| $916K | ﹤0.01% |
14,324
-8,776
| -38% | -$609K |
|
1895
GameStop
GME
$8.55B
| $912K | ﹤0.01% |
+55,414
| New | +$1.1M |
|
|
OSG
1896
Octave Specialty Group
OSG
$255M
| $905K | ﹤0.01% |
75,000
-18,400
| -20% | -$247K |
|
1897
Atara Biotherapeutics
ATRA
$77M
| $897K | ﹤0.01% |
24,252
-3,688
| -13% | -$164K |
|
1898
Aurinia Pharmaceuticals
AUPH
$1.87B
| $886K | ﹤0.01% |
114,045
| – | – |
|
1899
RadNet
RDNT
$5.25B
| $874K | ﹤0.01% |
31,000
| – | – |
|
1900
Green Brick Partners
GRBK
$3.09B
| $848K | ﹤0.01% |
+20,424
| New | +$1.02M |
|
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.