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 | |
|---|---|---|---|---|---|---|
1226
Adient
ADNT
$1.48B
| $34.3M | 0.01% |
987,317
| – | – |
|
1227
National Vision
EYE
$1.8B
| $34.2M | 0.01% |
754,871
+51,817
| +7% | +$2.25M |
|
|
ACIA
1228
DELISTED
Acacia Communications Inc
ACIA
| $34.2M | 0.01% |
468,393
-50,081
| -10% | -$3.46M |
|
|
SWTX
1229
DELISTED
SpringWorks Therapeutics
SWTX
| $34.2M | 0.01% |
470,992
+221,980
| +89% | +$14.3M |
|
1230
Lufax Holding
LU
$1.27B
| $34.1M | 0.01% |
+600,000
| New | +$35.9M |
|
1231
Sanmina
SANM
$11B
| $34.1M | 0.01% |
1,068,303
-118,936
| -10% | -$3.53M |
|
1232
Vishay Intertechnology
VSH
$5.05B
| $34M | 0.01% |
1,642,033
+3,214
| +0.2% | +$59.3K |
|
1233
Werner Enterprises
WERN
$2.21B
| $33.9M | 0.01% |
863,610
-26,143
| -3% | -$1.06M |
|
1234
PTC Therapeutics
PTCT
$5.92B
| $33.8M | 0.01% |
554,290
+47,161
| +9% | +$2.78M |
|
1235
Community Bank
CBU
$3.44B
| $33.8M | 0.01% |
542,637
| – | – |
|
|
OPLN
1236
Openlane
OPLN
$4.63B
| $33.7M | 0.01% |
1,813,380
-163,542
| -8% | -$2.82M |
|
|
CIXX
1237
DELISTED
CI Financial Corp.
CIXX
| $33.6M | 0.01% |
+2,707,097
| New | +$35.1M |
|
1238
Casella Waste Systems
CWST
$5.77B
| $33.5M | 0.01% |
541,361
+60,000
| +12% | +$3.56M |
|
1239
Korn Ferry
KFY
$4.21B
| $33.4M | 0.01% |
767,451
| – | – |
|
1240
Yelp
YELP
$1.38B
| $33.4M | 0.01% |
1,021,722
-30,456
| -3% | -$800K |
|
|
PSB
1241
DELISTED
PS Business Parks, Inc.
PSB
| $33.3M | 0.01% |
250,762
-7,591
| -3% | -$977K |
|
1242
Plexus
PLXS
$7.19B
| $33.3M | 0.01% |
425,694
| – | – |
|
1243
Helmerich & Payne
HP
$3.71B
| $33.3M | 0.01% |
1,436,414
-52,786
| -4% | -$1.02M |
|
1244
O-I Glass
OI
$1.1B
| $33.2M | 0.01% |
2,791,354
+478,343
| +21% | +$5.46M |
|
|
VMW
1245
DELISTED
VMware, Inc
VMW
| $33.2M | 0.01% |
236,514
-108,589
| -31% | -$15.6M |
|
|
PDCO
1246
DELISTED
Patterson Companies, Inc.
PDCO
| $33.2M | 0.01% |
1,118,926
+79,763
| +8% | +$2.26M |
|
|
NGHC
1247
DELISTED
National General Holdings Corp
NGHC
| $33.1M | 0.01% |
968,673
+31,174
| +3% | +$1.06M |
|
1248
Progress Software
PRGS
$1.72B
| $33.1M | 0.01% |
732,497
-48,295
| -6% | -$1.95M |
|
1249
Hecla Mining
HL
$10.7B
| $33.1M | 0.01% |
5,108,208
-523,733
| -9% | -$2.79M |
|
|
UNIT
1250
Uniti Group
UNIT
$2.32B
| $33M | 0.01% |
2,815,662
-99,964
| -3% | -$1.04M |
|
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.