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 | |
|---|---|---|---|---|---|---|
|
ALLK
1126
DELISTED
Allakos
ALLK
| $39.7M | 0.01% |
283,701
-9,818
| -3% | -$1.02M |
|
1127
Alamos Gold
AGI
$13B
| $39.7M | 0.01% |
4,540,171
+309,682
| +7% | +$2.75M |
|
1128
ICU Medical
ICUI
$4.16B
| $39.7M | 0.01% |
184,891
+1,457
| +0.8% | +$283K |
|
|
CHX
1129
DELISTED
ChampionX
CHX
| $39.5M | 0.01% |
2,584,474
-196,012
| -7% | -$2.18M |
|
1130
Agree Realty
ADC
$9.5B
| $39.5M | 0.01% |
593,379
+59,837
| +11% | +$3.91M |
|
1131
Bankunited
BKU
$3.37B
| $39.5M | 0.01% |
1,135,834
+387,895
| +52% | +$11.1M |
|
|
AEL
1132
DELISTED
American Equity Investment Life Holding Company
AEL
| $39.5M | 0.01% |
1,427,755
+22,986
| +2% | +$634K |
|
1133
Synaptics
SYNA
$3.99B
| $39.5M | 0.01% |
409,558
-40,149
| -9% | -$3.27M |
|
1134
Arcosa
ACA
$7.12B
| $39.5M | 0.01% |
718,467
-9,621
| -1% | -$491K |
|
1135
Rackspace Technology
RXT
$1.22B
| $39.4M | 0.01% |
2,068,966
-371,122
| -15% | -$6.7M |
|
1136
Ingevity
NGVT
$2.66B
| $39.4M | 0.01% |
520,109
+16,042
| +3% | +$1.04M |
|
1137
H&R Block
HRB
$5.82B
| $39.4M | 0.01% |
2,483,417
+88,431
| +4% | +$1.53M |
|
|
STMP
1138
DELISTED
Stamps.com, Inc.
STMP
| $39.3M | 0.01% |
200,492
-20,046
| -9% | -$4.4M |
|
1139
Vontier
VNT
$4.97B
| $39.2M | 0.01% |
+1,175,003
| New | +$36.3M |
|
1140
Blackbaud
BLKB
$2.1B
| $39.2M | 0.01% |
681,405
-19,577
| -3% | -$1.09M |
|
1141
Dana Inc
DAN
$2.94B
| $39.2M | 0.01% |
2,008,063
+17,164
| +0.9% | +$287K |
|
1142
OneMain Financial
OMF
$7.48B
| $39.2M | 0.01% |
813,848
-93,437
| -10% | -$3.69M |
|
1143
Ormat Technologies
ORA
$6.6B
| $39.2M | 0.01% |
433,668
+50,000
| +13% | +$3.79M |
|
1144
Strategy Inc
MSTR
$37.2B
| $39.1M | 0.01% |
1,007,260
-65,000
| -6% | -$1.52M |
|
|
AY
1145
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $39.1M | 0.01% |
1,030,310
+12,227
| +1% | +$404K |
|
1146
Itron
ITRI
$4.5B
| $39M | 0.01% |
406,804
+22,661
| +6% | +$1.74M |
|
1147
Resideo Technologies
REZI
$3.95B
| $39M | 0.01% |
1,832,814
+375,267
| +26% | +$6M |
|
|
FIT
1148
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $38.9M | 0.01% |
5,717,840
-272,708
| -5% | -$1.92M |
|
1149
First Hawaiian
FHB
$3.35B
| $38.8M | 0.01% |
1,646,992
-147,885
| -8% | -$2.96M |
|
|
JBTM
1150
JBT Marel
JBTM
$6.36B
| $38.7M | 0.01% |
339,608
+40,161
| +13% | +$4.14M |
|
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.