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 | |
|---|---|---|---|---|---|---|
1376
Insmed
INSM
$29.4B
| $27.5M | 0.01% |
826,536
-427,037
| -34% | -$15.6M |
|
1377
TriMas Corp
TRS
$1.49B
| $27.4M | 0.01% |
866,497
-21,008
| -2% | -$575K |
|
1378
First Bancorp
FBP
$4.46B
| $27.4M | 0.01% |
2,968,423
-256,509
| -8% | -$1.95M |
|
1379
Edgewell Personal Care
EPC
$1.34B
| $27.3M | 0.01% |
790,125
+50,000
| +7% | +$1.62M |
|
1380
Antero Midstream
AM
$10.1B
| $27.3M | 0.01% |
3,538,037
| – | – |
|
1381
World Kinect Corp
WKC
$1.94B
| $27.3M | 0.01% |
874,939
-226,191
| -21% | -$6.03M |
|
|
CWEN.A
1382
DELISTED
Clearway Energy Class A
CWEN.A
| $27.2M | 0.01% |
921,801
+110,701
| +14% | +$3.09M |
|
|
CALY
1383
Callaway Golf Company
CALY
$3.36B
| $27.2M | 0.01% |
1,133,901
+110,185
| +11% | +$2.25M |
|
1384
Essential Properties Realty Trust
EPRT
$6.63B
| $27.2M | 0.01% |
1,281,141
+85,255
| +7% | +$1.67M |
|
|
EPAY
1385
DELISTED
Bottomline Technologies Inc
EPAY
| $27.2M | 0.01% |
514,887
| – | – |
|
|
BAND
1386
Bandwidth Inc
BAND
$1.46B
| $27.1M | 0.01% |
176,334
-70,277
| -28% | -$11.6M |
|
|
WWE
1387
DELISTED
World Wrestling Entertainment
WWE
| $27.1M | 0.01% |
563,192
+111,047
| +25% | +$4.66M |
|
1388
SPX Corp
SPXC
$11B
| $27.1M | 0.01% |
496,114
+29,200
| +6% | +$1.47M |
|
1389
Commault Systems
CVLT
$5.45B
| $27.1M | 0.01% |
488,667
-30,245
| -6% | -$1.41M |
|
1390
Kulicke & Soffa
KLIC
$4.76B
| $27M | 0.01% |
849,645
| – | – |
|
1391
Independent Bank
INDB
$4.07B
| $26.8M | 0.01% |
367,097
+20,376
| +6% | +$1.32M |
|
|
FBC
1392
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $26.8M | 0.01% |
657,093
+102,379
| +18% | +$3.53M |
|
1393
Axos Financial
AX
$5.87B
| $26.7M | 0.01% |
712,466
+8,869
| +1% | +$280K |
|
1394
LendingTree
TREE
$465M
| $26.7M | 0.01% |
97,568
+36,834
| +61% | +$10.9M |
|
1395
Atara Biotherapeutics
ATRA
$77.8M
| $26.6M | 0.01% |
54,289
-32,065
| -37% | -$14.8M |
|
|
KYNB
1396
Kyntra Bio
KYNB
$28.1M
| $26.6M | 0.01% |
28,704
-1,635
| -5% | -$1.72M |
|
|
MOMO
1397
Hello Group
MOMO
$854M
| $26.6M | 0.01% |
1,906,164
| – | – |
|
1398
Mercury Insurance
MCY
$5.99B
| $26.6M | 0.01% |
509,117
-48,274
| -9% | -$2.16M |
|
1399
Materion
MTRN
$5.97B
| $26.5M | 0.01% |
416,147
+45,406
| +12% | +$2.61M |
|
1400
Ubiquiti
UI
$34.5B
| $26.4M | 0.01% |
94,626
-26,177
| -22% | -$6.02M |
|
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.