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 | |
|---|---|---|---|---|---|---|
1301
Energizer
ENR
$1.5B
| $30.6M | 0.01% |
724,830
+127,426
| +21% | +$5.38M |
|
|
BBBY
1302
DELISTED
Bed Bath & Beyond Inc
BBBY
| $30.6M | 0.01% |
1,721,138
+115,979
| +7% | +$2.41M |
|
1303
Aaon
AAON
$7.51B
| $30.5M | 0.01% |
687,549
| – | – |
|
1304
First Majestic Silver
AG
$8.47B
| $30.4M | 0.01% |
2,267,456
-94,887
| -4% | -$1.04M |
|
1305
CONMED
CNMD
$1.48B
| $30.4M | 0.01% |
271,143
+4,346
| +2% | +$411K |
|
|
EGOV
1306
DELISTED
NIC Inc
EGOV
| $30.3M | 0.01% |
1,174,423
-186,068
| -14% | -$4.32M |
|
1307
Kontoor Brands
KTB
$4.52B
| $30.3M | 0.01% |
747,119
-35,111
| -4% | -$1.29M |
|
|
LSXMA
1308
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $30.3M | 0.01% |
954,128
| – | – |
|
1309
Li Auto
LI
$12.4B
| $30.3M | 0.01% |
1,049,824
+769,450
| +274% | +$21.1M |
|
1310
RLJ Lodging Trust
RLJ
$1.82B
| $30.2M | 0.01% |
2,137,089
-80,693
| -4% | -$905K |
|
1311
Ambarella
AMBA
$3.7B
| $30.2M | 0.01% |
329,142
+58,915
| +22% | +$4.13M |
|
1312
Moog Inc Class A
MOG.A
$12.9B
| $30.2M | 0.01% |
380,605
+30,300
| +9% | +$2.22M |
|
|
OSB
1313
DELISTED
Norbord Inc.
OSB
| $30M | 0.01% |
694,023
-8,637
| -1% | -$316K |
|
1314
Shake Shack
SHAK
$2.83B
| $29.9M | 0.01% |
353,218
| – | – |
|
1315
Comfort Systems
FIX
$61.2B
| $29.9M | 0.01% |
568,534
| – | – |
|
1316
Ameris Bancorp
ABCB
$5.93B
| $29.9M | 0.01% |
786,401
+124,835
| +19% | +$4.04M |
|
1317
Mueller Industries
MLI
$15.4B
| $29.9M | 0.01% |
3,409,148
+100,000
| +3% | +$801K |
|
1318
Home BancShares
HOMB
$6.22B
| $29.9M | 0.01% |
1,534,902
+162,600
| +12% | +$2.95M |
|
1319
Rogers Corp
ROG
$2.38B
| $29.9M | 0.01% |
192,495
+10,400
| +6% | +$1.38M |
|
1320
Papa John's
PZZA
$828M
| $29.8M | 0.01% |
351,319
+854
| +0.2% | +$69.8K |
|
1321
Assured Guaranty
AGO
$3.65B
| $29.7M | 0.01% |
944,496
+95,676
| +11% | +$2.81M |
|
1322
Teva Pharmaceuticals
TEVA
$40.2B
| $29.7M | 0.01% |
3,081,004
+304,259
| +11% | +$2.91M |
|
1323
Brinker International
EAT
$9.63B
| $29.7M | 0.01% |
525,276
+50,644
| +11% | +$2.5M |
|
1324
NOV
NOV
$7.17B
| $29.7M | 0.01% |
2,160,345
+350,442
| +19% | +$3.96M |
|
|
NSA
1325
DELISTED
National Storage Affiliates Trust
NSA
| $29.7M | 0.01% |
823,079
-19,000
| -2% | -$656K |
|
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.