Norges Bank Invests Heavily in Kinder Morgan and United Parcel Service in Q4 2023, Acquiring Significant Stakes

Norges Bank, the central bank of Norway, has made significant investments in two major U.S. companies during the fourth quarter of 2023. According to its recent filing with the Securities & Exchange Commission, Norges Bank purchased 33,486,223 shares of Kinder Morgan, Inc. (NYSE:KMI), a pipeline company, valued at approximately $917,523,000. This acquisition represents about 1.51% ownership of Kinder Morgan. Additionally, Norges Bank acquired 8,528,097 shares of United Parcel Service, Inc. (NYSE:UPS), a transportation and delivery company, valued at approximately $1,075,393,000. This stake accounts for roughly 1.00% of United Parcel Service. These investments reflect Norges Bank's strategic positioning in the energy infrastructure and transportation sectors within the North American market. Several other hedge funds and institutional investors have also adjusted their positions in Kinder Morgan and United Parcel Service, indicating broader market interest in these companies.