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 | |
|---|---|---|---|---|---|---|
851
EastGroup Properties
EGP
$10.8B
| $60M | 0.01% |
434,872
-11,960
| -3% | -$1.65M |
|
852
Dropbox
DBX
$8.06B
| $60M | 0.01% |
2,703,403
-16,780
| -0.6% | -$342K |
|
|
MNDT
853
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $59.8M | 0.01% |
2,594,828
+318,301
| +14% | +$4.9M |
|
854
Haemonetics
HAE
$3.87B
| $59.8M | 0.01% |
503,369
-14,398
| -3% | -$1.55M |
|
855
Cameco
CCJ
$40.8B
| $59.7M | 0.01% |
4,458,004
-119,257
| -3% | -$1.27M |
|
856
Brixmor Property Group
BRX
$9.25B
| $59.6M | 0.01% |
3,602,463
-283,106
| -7% | -$4.02M |
|
857
Advanced Drainage Systems
WMS
$11.4B
| $59.5M | 0.01% |
712,353
+27,626
| +4% | +$1.96M |
|
|
ACC
858
DELISTED
American Campus Communities, Inc.
ACC
| $59.5M | 0.01% |
1,391,822
+54,422
| +4% | +$2.17M |
|
|
ARNA
859
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $59.4M | 0.01% |
773,709
-6,598
| -0.8% | -$495K |
|
860
Freshpet
FRPT
$3.21B
| $59.4M | 0.01% |
418,121
| – | – |
|
861
FirstService
FSV
$6.27B
| $59.2M | 0.01% |
432,796
-15,701
| -4% | -$2.11M |
|
862
Leggett & Platt
LEG
$1.31B
| $59.2M | 0.01% |
1,336,353
+466,883
| +54% | +$20M |
|
863
Tandem Diabetes Care
TNDM
$1.29B
| $59.1M | 0.01% |
617,583
-32,859
| -5% | -$3.39M |
|
864
United Therapeutics
UTHR
$22.9B
| $58.9M | 0.01% |
388,326
-16,180
| -4% | -$2.12M |
|
865
First Industrial Realty Trust
FR
$8.4B
| $58.8M | 0.01% |
1,395,308
| – | – |
|
866
Sonoco
SON
$5.64B
| $58.7M | 0.01% |
990,647
+24,379
| +3% | +$1.37M |
|
867
ConocoPhillips
COP
$140B
| $58.7M | 0.01% |
1,467,131
-1,644,039
| -53% | -$60.6M |
|
868
Mine Safety
MSA
$7.48B
| $58.6M | 0.01% |
392,486
-12,428
| -3% | -$1.79M |
|
|
LNW
869
DELISTED
Light & Wonder
LNW
| $58.6M | 0.01% |
1,412,388
+769,560
| +120% | +$28.3M |
|
870
Lazard
LAZ
$4.22B
| $58.6M | 0.01% |
1,384,206
| – | – |
|
871
Bruker
BRKR
$7.81B
| $58.5M | 0.01% |
1,080,557
-125,018
| -10% | -$5.99M |
|
872
8x8 Inc
EGHT
$329M
| $58.5M | 0.01% |
1,696,721
+464,991
| +38% | +$9.97M |
|
873
Acadia Pharmaceuticals
ACAD
$4.9B
| $58.4M | 0.01% |
1,092,532
-261,086
| -19% | -$13M |
|
874
Popular Inc
BPOP
$11.2B
| $58M | 0.01% |
1,030,633
| – | – |
|
875
NCR Voyix
VYX
$1.16B
| $58M | 0.01% |
2,514,769
+208,541
| +9% | +$3.46M |
|
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.