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 | |
|---|---|---|---|---|---|---|
|
WDR
1501
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $22.2M | 0.01% |
870,344
-226,206
| -21% | -$4.36M |
|
1502
Clearway Energy Class C
CWEN
$4.86B
| $22.1M | 0.01% |
692,547
-537,108
| -44% | -$16.1M |
|
1503
Grocery Outlet
GO
$975M
| $22M | 0.01% |
561,733
-46,968
| -8% | -$1.9M |
|
|
PMT
1504
PennyMac Mortgage Investment
PMT
$824M
| $22M | 0.01% |
1,252,831
+31,815
| +3% | +$539K |
|
|
AZEK
1505
DELISTED
The AZEK Co
AZEK
| $22M | 0.01% |
572,314
+521,817
| +1,033% | +$18.8M |
|
|
LTC
1506
LTC Properties
LTC
$1.98B
| $22M | 0.01% |
564,571
| – | – |
|
1507
BOK Financial
BOKF
$8.78B
| $21.9M | 0.01% |
320,287
| – | – |
|
1508
Thor Industries
THO
$4.14B
| $21.6M | 0.01% |
232,079
-344,635
| -60% | -$32.3M |
|
1509
Helios Technologies
HLIO
$2.72B
| $21.5M | 0.01% |
404,081
-82,389
| -17% | -$3.88M |
|
1510
AeroVironment
AVAV
$8.51B
| $21.5M | 0.01% |
247,434
-16,298
| -6% | -$1.31M |
|
1511
Central Garden & Pet Co Class A
CENTA
$2.41B
| $21.5M | 0.01% |
739,384
-13,500
| -2% | -$395K |
|
|
RIDE
1512
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $21.4M | 0.01% |
+71,149
| New | +$22.4M |
|
1513
Cohen & Steers
CNS
$4.33B
| $21.4M | 0.01% |
287,936
| – | – |
|
|
HOUS
1514
DELISTED
Anywhere Real Estate
HOUS
| $21.4M | 0.01% |
1,630,521
| – | – |
|
1515
CBIZ
CBZ
$2.97B
| $21.4M | 0.01% |
803,135
| – | – |
|
1516
Kennametal
KMT
$2.6B
| $21.3M | 0.01% |
587,664
-58,481
| -9% | -$2.01M |
|
1517
Diamondrock Hospitality Co
DRH
$2.71B
| $21.3M | 0.01% |
2,578,476
| – | – |
|
|
PVG
1518
DELISTED
PRETIUM RESOURCES INC.
PVG
| $21.3M | 0.01% |
1,855,986
+25,248
| +1% | +$304K |
|
1519
Gray Television
GTN
$447M
| $21.2M | ﹤0.01% |
1,184,350
-13,664
| -1% | -$217K |
|
1520
Trustmark
TRMK
$2.83B
| $21.2M | ﹤0.01% |
775,087
-4,012
| -0.5% | -$101K |
|
1521
Renasant Corp
RNST
$4.03B
| $21.1M | ﹤0.01% |
626,542
+264,711
| +73% | +$8.08M |
|
1522
Banner Corp
BANR
$2.4B
| $21M | ﹤0.01% |
451,417
| – | – |
|
|
SC
1523
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $21M | ﹤0.01% |
954,869
-222,347
| -19% | -$4.8M |
|
1524
News Corp Class B
NWS
$17.9B
| $21M | ﹤0.01% |
1,182,989
| – | – |
|
|
PS
1525
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $21M | ﹤0.01% |
1,002,767
+67,586
| +7% | +$1.21M |
|
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.