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 | |
|---|---|---|---|---|---|---|
|
KAMN
1576
DELISTED
Kaman Corp
KAMN
| $18.8M | ﹤0.01% |
328,383
-29,893
| -8% | -$1.47M |
|
1577
Acushnet Holdings
GOLF
$6.04B
| $18.8M | ﹤0.01% |
462,611
| – | – |
|
1578
Kaiser Aluminum
KALU
$2.91B
| $18.7M | ﹤0.01% |
189,573
-124,989
| -40% | -$9.58M |
|
1579
Sinclair Inc
SBGI
$1B
| $18.7M | ﹤0.01% |
588,069
-40,540
| -6% | -$968K |
|
1580
HNI Corp
HNI
$3.5B
| $18.7M | ﹤0.01% |
542,445
+173,800
| +47% | +$6.25M |
|
1581
Northwest Bancshares
NWBI
$2.34B
| $18.7M | ﹤0.01% |
1,464,640
| – | – |
|
|
POLY
1582
DELISTED
Plantronics, Inc.
POLY
| $18.7M | ﹤0.01% |
690,296
+26,651
| +4% | +$584K |
|
1583
Knowles
KN
$3.38B
| $18.6M | ﹤0.01% |
1,009,775
| – | – |
|
1584
Virtu Financial
VIRT
$5.16B
| $18.6M | ﹤0.01% |
739,121
| – | – |
|
1585
Transocean
RIG
$5.69B
| $18.4M | ﹤0.01% |
7,986,157
+143,904
| +2% | +$212K |
|
|
BZUN
1586
Baozun
BZUN
$172M
| $18.4M | ﹤0.01% |
535,922
| – | – |
|
1587
Benchmark Electronics
BHE
$3.02B
| $18.3M | ﹤0.01% |
677,547
-14,073
| -2% | -$332K |
|
1588
Carpenter Technology
CRS
$28.3B
| $18.3M | ﹤0.01% |
627,616
-345,991
| -36% | -$8.01M |
|
|
KRTX
1589
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $18.2M | ﹤0.01% |
179,307
+3,213
| +2% | +$298K |
|
1590
Employers Holdings
EIG
$912M
| $18.1M | ﹤0.01% |
563,280
-29,528
| -5% | -$953K |
|
1591
Cushman & Wakefield Ltd
CWK
$3.29B
| $18.1M | ﹤0.01% |
1,221,597
-21,079
| -2% | -$293K |
|
|
AXNX
1592
DELISTED
Axonics, Inc. Common Stock
AXNX
| $18M | ﹤0.01% |
361,304
-98,135
| -21% | -$4.61M |
|
1593
Tower Semiconductor
TSEM
$23.9B
| $18M | ﹤0.01% |
694,952
-254,053
| -27% | -$5.81M |
|
|
FOE
1594
DELISTED
Ferro Corporation
FOE
| $18M | ﹤0.01% |
1,227,253
+113,900
| +10% | +$1.58M |
|
1595
Tronox
TROX
$933M
| $17.9M | ﹤0.01% |
1,225,682
| – | – |
|
|
CVGW
1596
DELISTED
Calavo Growers
CVGW
| $17.8M | ﹤0.01% |
256,884
| – | – |
|
|
AVNS
1597
DELISTED
Avanos Medical
AVNS
| $17.8M | ﹤0.01% |
387,186
-196,740
| -34% | -$8.19M |
|
|
VRTU
1598
DELISTED
Virtusa Corporation
VRTU
| $17.8M | ﹤0.01% |
347,219
-283,220
| -45% | -$14.2M |
|
1599
United Parks & Resorts
PRKS
$2.17B
| $17.7M | ﹤0.01% |
561,717
-33,935
| -6% | -$884K |
|
1600
Eastman Chemical
EMN
$8.39B
| $17.7M | ﹤0.01% |
176,278
+26,661
| +18% | +$2.47M |
|
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.