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 | |
|---|---|---|---|---|---|---|
2001
Humacyte
HUMA
$189M
| – | – |
-374,176
| Closed | -$1.07M |
|
2002
Haverty Furniture Companies
HVT
$465M
| – | – |
-77,000
| Closed | -$2.33M |
|
2003
iHeartMedia
IHRT
$596M
| – | – |
-749,404
| Closed | -$2.73M |
|
2004
Information Services Group
III
$209M
| – | – |
-84,700
| Closed | -$454K |
|
2005
Infosys
INFY
$49.5B
| – | – |
-155,100
| Closed | -$2.49M |
|
2006
JD.com
JD
$44.3B
| – | – |
-100,000
| Closed | -$3.41M |
|
2007
The Joint Corp
JYNT
$118M
| – | – |
-76,600
| Closed | -$1.03M |
|
|
KC
2008
Kingsoft Cloud Holdings
KC
$3.84B
| – | – |
-1,065,637
| Closed | -$6.5M |
|
2009
Kulicke & Soffa
KLIC
$4.85B
| – | – |
-37,451
| Closed | -$2.23M |
|
2010
El Pollo Loco
LOCO
$501M
| – | – |
-107,100
| Closed | -$939K |
|
2011
LivePerson
LPSN
$24.9M
| – | – |
-34,456
| Closed | -$2.34M |
|
2012
NovaGold Resources
NG
$2.72B
| – | – |
-1,040,088
| Closed | -$4.13M |
|
2013
NerdWallet
NRDS
$609M
| – | – |
-178,500
| Closed | -$1.68M |
|
2014
OmniAb
OABI
$287M
| – | – |
-55,985
| Closed | -$282K |
|
2015
Ocular Therapeutix
OCUL
$1.89B
| – | – |
-119,500
| Closed | -$617K |
|
2016
Orthofix Medical
OFIX
$494M
| – | – |
-95,500
| Closed | -$1.72M |
|
|
OLO
2017
DELISTED
Olo Inc
OLO
| – | – |
-77,300
| Closed | -$499K |
|
|
OPI
2018
DELISTED
Office Properties Income Trust
OPI
| – | – |
-418,078
| Closed | -$3.22M |
|
2019
OptimizeRx
OPRX
$126M
| – | – |
-53,600
| Closed | -$766K |
|
|
PINE
2020
Alpine Income Property Trust
PINE
$331M
| – | – |
-38,300
| Closed | -$622K |
|
2021
Photronics
PLAB
$1.91B
| – | – |
-10,200
| Closed | -$263K |
|
2022
Paysafe
PSFE
$407M
| – | – |
-153,228
| Closed | -$1.55M |
|
2023
Portillo's
PTLO
$325M
| – | – |
-317,393
| Closed | -$7.15M |
|
2024
Gibraltar Industries
ROCK
$1.39B
| – | – |
-9,701
| Closed | -$610K |
|
2025
Semtech
SMTC
$11.8B
| – | – |
-1,018,946
| Closed | -$25.9M |
|
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.