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 |
Meta Platforms (Facebook)
META
|
+$445M |
| 2 |
Unilever
UL
|
+$365M |
| 3 |
Morgan Stanley
MS
|
+$281M |
| 4 |
Salesforce
CRM
|
+$260M |
| 5 |
QuantumScape Corp
QS
|
+$238M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UN
Unilever NV New York Registry Shares
UN
|
+$368M |
| 2 |
American International
AIG
|
+$362M |
| 3 |
3M
MMM
|
+$278M |
| 4 |
Lear
LEA
|
+$269M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$268M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.44% |
| 2 | Consumer Discretionary | 14.21% |
| 3 | Financials | 13.78% |
| 4 | Healthcare | 12.84% |
| 5 | Communication Services | 10.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Nexstar Media Group
NXST
$5.74B
| $76.2M | 0.02% |
697,931
-4,246
| -0.6% | -$414K |
|
727
Robert Half
RHI
$4.16B
| $76.1M | 0.02% |
1,218,055
-55,855
| -4% | -$3.33M |
|
|
AYX
728
DELISTED
Alteryx Inc
AYX
| $75.9M | 0.02% |
623,090
+32,497
| +6% | +$4.1M |
|
729
Autohome
ATHM
$2.62B
| $75.8M | 0.02% |
761,371
-19,262
| -2% | -$1.9M |
|
730
Americold
COLD
$4.11B
| $75.7M | 0.02% |
2,028,878
+287,627
| +17% | +$10.3M |
|
|
AXON
731
Axon Enterprise
AXON
$42.1B
| $75.4M | 0.02% |
615,167
| – | – |
|
732
Bausch Health
BHC
$2.21B
| $75.4M | 0.02% |
3,630,463
-20,103
| -0.6% | -$375K |
|
733
New York Times
NYT
$10.5B
| $75.2M | 0.02% |
1,453,088
| – | – |
|
734
Littelfuse
LFUS
$11.7B
| $75.1M | 0.02% |
295,084
-14,809
| -5% | -$3.28M |
|
735
Lamar Advertising Co
LAMR
$16.2B
| $74.6M | 0.02% |
896,969
| – | – |
|
736
SL Green Realty
SLG
$3.86B
| $73.9M | 0.02% |
1,205,829
+146,224
| +14% | +$7.73M |
|
737
American Financial Group
AFG
$12.2B
| $73.9M | 0.02% |
843,226
-28,325
| -3% | -$2.32M |
|
738
Campbell Soup
CPB
$6.73B
| $73.6M | 0.02% |
1,522,440
-248,399
| -14% | -$12M |
|
739
Encompass Health
EHC
$12.4B
| $73.6M | 0.02% |
1,118,433
+21,835
| +2% | +$1.28M |
|
740
Alarm.com
ALRM
$2.78B
| $73.5M | 0.02% |
710,885
-45,089
| -6% | -$3.27M |
|
741
Donaldson
DCI
$11.4B
| $73.2M | 0.02% |
1,310,597
-15,007
| -1% | -$792K |
|
742
East-West Bancorp
EWBC
$18.1B
| $73M | 0.02% |
1,439,398
-53,053
| -4% | -$2.25M |
|
743
NiSource
NI
$20.8B
| $72.8M | 0.02% |
3,174,780
+91,225
| +3% | +$2.13M |
|
744
SEI Investments
SEIC
$12.6B
| $72.8M | 0.02% |
1,267,182
+4,642
| +0.4% | +$253K |
|
|
SEE
745
DELISTED
Sealed Air
SEE
| $72.8M | 0.02% |
1,590,201
+92,811
| +6% | +$4.02M |
|
746
Performance Food Group
PFGC
$18B
| $72.8M | 0.02% |
1,528,662
-469,503
| -23% | -$19.8M |
|
|
PRAH
747
DELISTED
PRA Health Sciences, Inc.
PRAH
| $72.7M | 0.02% |
579,373
+10,807
| +2% | +$1.21M |
|
748
CACI
CACI
$13.9B
| $72.4M | 0.02% |
290,229
| – | – |
|
749
Lumentum
LITE
$65.2B
| $71.7M | 0.02% |
756,733
+28,791
| +4% | +$2.48M |
|
750
Denali Therapeutics
DNLI
$3.92B
| $71.7M | 0.02% |
856,429
-49,944
| -6% | -$3.02M |
|
Similar funds
Norges Bank's Q4 2020 Portfolio in Review
As of Q4 2020, Norges Bank held 2,221 positions worth $428B, up 14% from $376B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Norges Bank's Q4 2020 filing shows 93 new, 782 increased, 898 reduced and 111 closed positions. Its largest new stake was Unilever: 5,372,571 shares worth $365M. The largest sale was Unilever NV New York Registry Shares, an estimated $368M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Financials.
- Norges Bank's largest Q4 2020 buy was Unilever: 5,372,571 shares worth $365M.
- Norges Bank added most to Meta Platforms (Facebook) in Q4 2020, an estimated $445M increase.
- Norges Bank's biggest Q4 2020 reduction was American International, cutting an estimated $362M.
- Norges Bank fully exited Unilever NV New York Registry Shares in Q4 2020, selling an estimated $368M.
- Norges Bank's ten largest holdings make up 22% of its $428B portfolio in Q4 2020.
- Norges Bank opened 93 new positions and closed 111 in Q4 2020.
- Norges Bank's portfolio value rose 14% quarter-over-quarter to $428B.
Based on Norges Bank's 13F filing for Q4 2020, filed 10 Feb 2021.