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 | |
|---|---|---|---|---|---|---|
1901
BioAtla
BCAB
$5.41M
| $830K | ﹤0.01% |
9,764
| – | – |
|
|
BRFS
1902
DELISTED
BRF SA
BRFS
| $806K | ﹤0.01% |
393,370
| – | – |
|
|
TDAY
1903
USA Today Co
TDAY
$1.32B
| $795K | ﹤0.01% |
324,397
+307,700
| +1,843% | +$850K |
|
1904
Unitil
UTL
$963M
| $743K | ﹤0.01% |
17,400
-26,800
| -61% | -$1.31M |
|
|
YSG
1905
Yatsen Holding
YSG
$307M
| $723K | ﹤0.01% |
144,628
| – | – |
|
1906
AeroVironment
AVAV
$8.06B
| $712K | ﹤0.01% |
6,381
+400
| +7% | +$40.3K |
|
1907
Neumora Therapeutics
NMRA
$304M
| $706K | ﹤0.01% |
+50,000
| New | +$625K |
|
|
ONTF
1908
DELISTED
ON24
ONTF
| $678K | ﹤0.01% |
107,100
| – | – |
|
1909
Scilex Holding
SCLX
$46.1M
| $669K | ﹤0.01% |
13,646
| – | – |
|
1910
American Well
AMWL
$180M
| $657K | ﹤0.01% |
28,070
-16,129
| -36% | -$545K |
|
1911
Travere Therapeutics
TVTX
$5.11B
| $635K | ﹤0.01% |
71,000
| – | – |
|
1912
WisdomTree
WT
$3.21B
| $612K | ﹤0.01% |
87,466
| – | – |
|
1913
Kadant
KAI
$3.83B
| $595K | ﹤0.01% |
2,636
| – | – |
|
1914
Star Holdings Shares of Beneficial Interest
STHO
$112M
| $590K | ﹤0.01% |
47,139
-92,266
| -66% | -$1.28M |
|
1915
Adicet Bio
ACET
$86.4M
| $588K | ﹤0.01% |
26,847
| – | – |
|
1916
Rayonier Advanced Materials
RYAM
$608M
| $587K | ﹤0.01% |
165,800
-65,200
| -28% | -$245K |
|
1917
Asure Software
ASUR
$253M
| $582K | ﹤0.01% |
61,500
-68,200
| -53% | -$825K |
|
1918
Inogen
INGN
$182M
| $574K | ﹤0.01% |
109,949
| – | – |
|
1919
SiriusPoint
SPNT
$2.75B
| $572K | ﹤0.01% |
56,273
| – | – |
|
1920
OrthoPediatrics
KIDS
$536M
| $545K | ﹤0.01% |
17,018
| – | – |
|
1921
Kenon Holdings
KEN
$3.45B
| $533K | ﹤0.01% |
23,058
| – | – |
|
1922
Kearny Financial
KRNY
$610M
| $519K | ﹤0.01% |
74,924
-378,173
| -83% | -$2.87M |
|
|
NIU
1923
Niu Technologies
NIU
$202M
| $508K | ﹤0.01% |
179,540
| – | – |
|
1924
Vanda Pharmaceuticals
VNDA
$315M
| $497K | ﹤0.01% |
115,000
| – | – |
|
1925
Rio Tinto
RIO
$156B
| $468K | ﹤0.01% |
7,353
| – | – |
|
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.