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 | |
|---|---|---|---|---|---|---|
|
PINC
1026
DELISTED
Premier
PINC
| $46.5M | 0.01% |
1,325,729
+517,654
| +64% | +$17.9M |
|
1027
Medpace
MEDP
$16.3B
| $46.4M | 0.01% |
333,620
-51,239
| -13% | -$6.46M |
|
1028
Franklin Electric
FELE
$4.83B
| $46.4M | 0.01% |
670,446
+40,537
| +6% | +$2.67M |
|
1029
Nu Skin
NUS
$252M
| $46.4M | 0.01% |
849,227
-60,000
| -7% | -$3.16M |
|
1030
Stantec
STN
$8.34B
| $46.4M | 0.01% |
1,430,432
+54,546
| +4% | +$1.67M |
|
1031
AXIS Capital
AXS
$7.62B
| $46.3M | 0.01% |
919,805
-13,385
| -1% | -$649K |
|
1032
Integra LifeSciences
IART
$1.33B
| $46.3M | 0.01% |
713,230
+84,817
| +13% | +$4.56M |
|
|
CIT
1033
DELISTED
CIT Group Inc.
CIT
| $46.1M | 0.01% |
1,284,899
+89,607
| +7% | +$2.83M |
|
|
FL
1034
DELISTED
Foot Locker
FL
| $45.7M | 0.01% |
1,131,104
-166,183
| -13% | -$6.48M |
|
1035
Associated Banc-Corp
ASB
$5.88B
| $45.7M | 0.01% |
2,682,666
-145,940
| -5% | -$2.22M |
|
1036
Iridium Communications
IRDM
$5.12B
| $45.6M | 0.01% |
1,159,025
+66,936
| +6% | +$2.1M |
|
1037
Travel + Leisure Co
TNL
$4.74B
| $45.5M | 0.01% |
1,014,961
+95,536
| +10% | +$3.75M |
|
1038
Nomad Foods
NOMD
$1.65B
| $45.5M | 0.01% |
1,788,658
+111,106
| +7% | +$2.75M |
|
|
QVCGA
1039
DELISTED
QVC Group Inc Series A
QVCGA
| $45.5M | 0.01% |
82,895
-7,793
| -9% | -$3.51M |
|
1040
Brady Corp
BRC
$4.63B
| $45.5M | 0.01% |
860,768
-37,420
| -4% | -$1.65M |
|
1041
BlackBerry
BB
$5.15B
| $45.3M | 0.01% |
6,833,575
+409,818
| +6% | +$2.42M |
|
1042
Ryman Hospitality Properties
RHP
$7.84B
| $45.3M | 0.01% |
668,616
-16,557
| -2% | -$888K |
|
1043
Valvoline
VVV
$4.55B
| $45.3M | 0.01% |
1,955,762
-124,000
| -6% | -$2.68M |
|
1044
Armstrong World Industries
AWI
$7.78B
| $45.2M | 0.01% |
607,959
+20,597
| +4% | +$1.49M |
|
1045
Blackstone Mortgage Trust
BXMT
$2.33B
| $45.2M | 0.01% |
1,640,969
| – | – |
|
1046
Boyd Gaming
BYD
$6.11B
| $45.1M | 0.01% |
1,050,317
+22,788
| +2% | +$838K |
|
1047
BridgeBio Pharma
BBIO
$16.2B
| $45M | 0.01% |
632,984
+59,921
| +10% | +$2.89M |
|
1048
LiveRamp
RAMP
$2.3B
| $45M | 0.01% |
614,200
+245,270
| +66% | +$15.6M |
|
|
STL
1049
DELISTED
Sterling Bancorp
STL
| $44.9M | 0.01% |
2,495,640
| – | – |
|
|
GRP.U
1050
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $44.9M | 0.01% |
733,075
| – | – |
|
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.