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 | |
|---|---|---|---|---|---|---|
|
MGLN
1451
DELISTED
Magellan Health Services, Inc.
MGLN
| $24.4M | 0.01% |
294,444
| – | – |
|
1452
Rush Enterprises Class A
RUSHA
$6.36B
| $24.4M | 0.01% |
882,473
| – | – |
|
1453
Weibo
WB
$1.95B
| $24.3M | 0.01% |
593,363
| – | – |
|
1454
Belden
BDC
$5.01B
| $24.3M | 0.01% |
580,136
-24,763
| -4% | -$915K |
|
1455
Hamilton Lane
HLNE
$5.56B
| $24.2M | 0.01% |
310,603
+18,119
| +6% | +$1.31M |
|
1456
Nelnet
NNI
$4.89B
| $24.2M | 0.01% |
340,145
| – | – |
|
1457
Columbia Sportswear
COLM
$2.93B
| $24.2M | 0.01% |
276,601
-17,614
| -6% | -$1.53M |
|
1458
IAMGOLD
IAG
$9.18B
| $24.1M | 0.01% |
6,561,384
| – | – |
|
|
CADE
1459
DELISTED
Cadence Bancorporation
CADE
| $24M | 0.01% |
1,463,306
| – | – |
|
|
GBT
1460
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $24M | 0.01% |
554,284
+3,744
| +0.7% | +$185K |
|
1461
Patrick Industries
PATK
$2.9B
| $24M | 0.01% |
526,470
+109,849
| +26% | +$4.66M |
|
1462
McGrath RentCorp
MGRC
$2.96B
| $24M | 0.01% |
357,263
| – | – |
|
1463
SITE Centers
SITC
$172M
| $24M | 0.01% |
3,034,141
-137,546
| -4% | -$960K |
|
1464
Worthington Enterprises
WOR
$2.87B
| $23.9M | 0.01% |
754,408
-36,651
| -5% | -$1.14M |
|
|
XHR
1465
Xenia Hotels & Resorts
XHR
$1.89B
| $23.9M | 0.01% |
1,570,979
| – | – |
|
1466
Herc Holdings
HRI
$5.64B
| $23.8M | 0.01% |
358,646
+26,200
| +8% | +$1.42M |
|
|
CVSA
1467
Covista Inc
CVSA
$4.42B
| $23.8M | 0.01% |
700,377
| – | – |
|
1468
WaFd
WAFD
$2.79B
| $23.7M | 0.01% |
920,485
+112,635
| +14% | +$2.68M |
|
|
NXGN
1469
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $23.7M | 0.01% |
1,298,590
+81,100
| +7% | +$1.29M |
|
1470
Pediatrix Medical
MD
$2.11B
| $23.7M | 0.01% |
965,006
-53,860
| -5% | -$1.01M |
|
1471
Viasat
VSAT
$11.2B
| $23.6M | 0.01% |
723,923
-13,274
| -2% | -$456K |
|
1472
JELD-WEN Holding
JELD
$157M
| $23.6M | 0.01% |
929,541
+15,064
| +2% | +$361K |
|
1473
Mueller Water Products
MWA
$4.13B
| $23.5M | 0.01% |
1,899,441
-2,239,130
| -54% | -$25.7M |
|
1474
Dycom Industries
DY
$12.3B
| $23.4M | 0.01% |
309,843
+100,613
| +48% | +$6.94M |
|
1475
Ironwood Pharmaceuticals
IRWD
$683M
| $23.4M | 0.01% |
2,052,390
| – | – |
|
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.