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 | |
|---|---|---|---|---|---|---|
1201
Kornit Digital
KRNT
$772M
| $35.8M | 0.01% |
402,014
+72,953
| +22% | +$5.6M |
|
1202
Evertec
EVTC
$1.85B
| $35.8M | 0.01% |
911,219
-71,034
| -7% | -$2.64M |
|
1203
H.B. Fuller
FUL
$3.18B
| $35.8M | 0.01% |
689,723
+26,201
| +4% | +$1.33M |
|
1204
HUB Group
HUBG
$2.83B
| $35.8M | 0.01% |
1,254,902
-83,846
| -6% | -$2.27M |
|
1205
Liberty Media Series A
FWONA
$22.9B
| $35.8M | 0.01% |
983,070
+262,560
| +36% | +$9.18M |
|
|
PRO
1206
DELISTED
PROS Holdings
PRO
| $35.7M | 0.01% |
703,782
-28,033
| -4% | -$1.11M |
|
|
CZZ
1207
DELISTED
Cosan Limited
CZZ
| $35.7M | 0.01% |
1,936,301
-293,785
| -13% | -$4.91M |
|
|
PACW
1208
DELISTED
PacWest Bancorp
PACW
| $35.6M | 0.01% |
1,402,313
+50,671
| +4% | +$1.13M |
|
1209
Xencor
XNCR
$1.48B
| $35.6M | 0.01% |
814,931
-47,826
| -6% | -$1.98M |
|
1210
Trinity Industries
TRN
$2.47B
| $35.4M | 0.01% |
1,342,264
+40,182
| +3% | +$905K |
|
1211
EPR Properties
EPR
$4.7B
| $35.4M | 0.01% |
1,089,378
-46,991
| -4% | -$1.38M |
|
1212
Walker & Dunlop
WD
$1.52B
| $35.4M | 0.01% |
384,290
-30,012
| -7% | -$2.22M |
|
|
WRI
1213
DELISTED
Weingarten Realty Investors
WRI
| $35.3M | 0.01% |
1,627,085
| – | – |
|
1214
Integer Holdings
ITGR
$4.29B
| $35.1M | 0.01% |
432,152
-35,800
| -8% | -$2.51M |
|
|
PRMW
1215
DELISTED
Primo Water Corporation
PRMW
| $35M | 0.01% |
2,233,030
-50,083
| -2% | -$738K |
|
|
EQC
1216
DELISTED
Equity Commonwealth
EQC
| $35M | 0.01% |
1,282,966
+49,059
| +4% | +$1.31M |
|
1217
American States Water
AWR
$3.36B
| $35M | 0.01% |
440,173
-15,750
| -3% | -$1.21M |
|
|
MNTV
1218
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $35M | 0.01% |
1,369,774
-551,200
| -29% | -$12.4M |
|
1219
Commercial Metals
CMC
$8.15B
| $34.9M | 0.01% |
1,699,313
| – | – |
|
|
FLOW
1220
DELISTED
SPX FLOW, Inc.
FLOW
| $34.9M | 0.01% |
601,646
-25,373
| -4% | -$1.3M |
|
|
SEM
1221
DELISTED
Select Medical
SEM
| $34.8M | 0.01% |
2,334,854
+265,421
| +13% | +$3.46M |
|
1222
UMB Financial
UMBF
$11B
| $34.6M | 0.01% |
501,975
+29,217
| +6% | +$1.87M |
|
1223
Kirby Corp
KEX
$7.11B
| $34.6M | 0.01% |
667,552
+110,724
| +20% | +$5.04M |
|
|
MIC
1224
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $34.5M | 0.01% |
919,394
-22,563
| -2% | -$693K |
|
1225
Albertsons Companies
ACI
$5.86B
| $34.4M | 0.01% |
1,954,535
-97,621
| -5% | -$1.48M |
|
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.