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 | |
|---|---|---|---|---|---|---|
1526
Macerich
MAC
$6.66B
| $20.8M | ﹤0.01% |
1,953,842
+36,782
| +2% | +$334K |
|
1527
EOG Resources
EOG
$71.4B
| $20.8M | ﹤0.01% |
417,309
-798,163
| -66% | -$34.7M |
|
1528
Cinemark Holdings
CNK
$4.4B
| $20.8M | ﹤0.01% |
1,193,429
| – | – |
|
|
AMWD
1529
DELISTED
American Woodmark
AMWD
| $20.7M | ﹤0.01% |
220,690
+42,675
| +24% | +$3.88M |
|
|
HTO
1530
H2O America
HTO
$2.59B
| $20.7M | ﹤0.01% |
297,842
+15,800
| +6% | +$1.03M |
|
1531
Enerpac Tool Group
EPAC
$1.92B
| $20.6M | ﹤0.01% |
913,333
-44,156
| -5% | -$922K |
|
1532
ICL Group
ICL
$6.8B
| $20.6M | ﹤0.01% |
4,039,927
-981,938
| -20% | -$4.1M |
|
|
WIRE
1533
DELISTED
Encore Wire Corp
WIRE
| $20.5M | ﹤0.01% |
338,825
+35,300
| +12% | +$1.82M |
|
1534
Urban Edge Properties
UE
$2.71B
| $20.5M | ﹤0.01% |
1,585,021
| – | – |
|
1535
Constellium
CSTM
$3.88B
| $20.5M | ﹤0.01% |
1,463,198
+81,161
| +6% | +$917K |
|
1536
Virtus Investment Partners
VRTS
$1.09B
| $20.5M | ﹤0.01% |
94,330
+7,885
| +9% | +$1.43M |
|
1537
Empire State Realty Trust
ESRT
$843M
| $20.4M | ﹤0.01% |
2,193,994
| – | – |
|
1538
Laureate Education
LAUR
$5.14B
| $20.4M | ﹤0.01% |
1,401,172
-20,761
| -1% | -$293K |
|
|
CXP
1539
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $20.3M | ﹤0.01% |
1,417,486
| – | – |
|
|
AAMI
1540
Acadian Asset Management
AAMI
$3.26B
| $20.3M | ﹤0.01% |
1,051,563
-390,300
| -27% | -$6.57M |
|
1541
Verra Mobility
VRRM
$778M
| $20.3M | ﹤0.01% |
1,509,196
| – | – |
|
1542
Prestige Consumer Healthcare
PBH
$2.58B
| $20.2M | ﹤0.01% |
580,332
-26,096
| -4% | -$927K |
|
1543
B&G Foods
BGS
$278M
| $20.2M | ﹤0.01% |
728,937
| – | – |
|
1544
Safety Insurance
SAFT
$1.52B
| $20.2M | ﹤0.01% |
258,744
+1,058
| +0.4% | +$77.6K |
|
|
ROIC
1545
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $20.1M | ﹤0.01% |
1,504,422
| – | – |
|
1546
Bloomin' Brands
BLMN
$931M
| $20.1M | ﹤0.01% |
1,033,524
+32,407
| +3% | +$552K |
|
|
ELME
1547
Elme Communities
ELME
$145M
| $20M | ﹤0.01% |
923,231
+52,133
| +6% | +$1.12M |
|
1548
Signet Jewelers
SIG
$3.65B
| $20M | ﹤0.01% |
732,280
| – | – |
|
|
ZGNX
1549
DELISTED
Zogenix, Inc.
ZGNX
| $19.9M | ﹤0.01% |
996,327
+139,039
| +16% | +$2.84M |
|
|
AVYA
1550
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $19.9M | ﹤0.01% |
1,038,634
| – | – |
|
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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.