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 | |
|---|---|---|---|---|---|---|
1601
Northwest Natural Holdings
NWN
$2.08B
| $17.6M | ﹤0.01% |
383,745
| – | – |
|
1602
Vicor
VICR
$10.1B
| $17.6M | ﹤0.01% |
190,794
+6,432
| +3% | +$540K |
|
1603
Palomar
PLMR
$3.55B
| $17.6M | ﹤0.01% |
197,768
-31,367
| -14% | -$2.64M |
|
|
HUYA
1604
Huya Inc
HUYA
$558M
| $17.6M | ﹤0.01% |
881,011
| – | – |
|
1605
Winnebago Industries
WGO
$904M
| $17.5M | ﹤0.01% |
292,246
-238,199
| -45% | -$13M |
|
1606
Hope Bancorp
HOPE
$1.82B
| $17.5M | ﹤0.01% |
1,599,544
| – | – |
|
1607
Terex
TEX
$7.55B
| $17.4M | ﹤0.01% |
499,871
-274,015
| -35% | -$8.09M |
|
1608
Kite Realty
KRG
$5.56B
| $17.4M | ﹤0.01% |
1,165,326
| – | – |
|
1609
Archrock
AROC
$5.95B
| $17.4M | ﹤0.01% |
2,006,032
| – | – |
|
|
SASR
1610
DELISTED
Sandy Spring Bancorp Inc
SASR
| $17.4M | ﹤0.01% |
539,304
+118,450
| +28% | +$3.38M |
|
|
HTLF
1611
DELISTED
Heartland Financial USA, Inc.
HTLF
| $17.3M | ﹤0.01% |
429,333
-24,000
| -5% | -$901K |
|
1612
Opko Health
OPK
$1.01B
| $17.3M | ﹤0.01% |
4,386,861
| – | – |
|
1613
Cheesecake Factory
CAKE
$5.23B
| $17.3M | ﹤0.01% |
466,872
+27,385
| +6% | +$939K |
|
|
GOOS
1614
Canada Goose Holdings
GOOS
$861M
| $17.3M | ﹤0.01% |
581,649
+68,702
| +13% | +$2.29M |
|
1615
Provident Financial Services
PFS
$3.27B
| $17.2M | ﹤0.01% |
956,952
-58,339
| -6% | -$889K |
|
1616
St. Joe Company
JOE
$3.7B
| $17.2M | ﹤0.01% |
404,293
| – | – |
|
|
OZON
1617
DELISTED
Ozon Holdings PLC American Depositary Shares, each ADS representing one ordinary share
OZON
| $17.1M | ﹤0.01% |
+413,636
| New | +$18M |
|
|
WW
1618
DELISTED
WW International
WW
| $17.1M | ﹤0.01% |
700,545
| – | – |
|
1619
MACOM Technology Solutions
MTSI
$20.1B
| $16.9M | ﹤0.01% |
307,822
+24,876
| +9% | +$1.06M |
|
1620
Qfin Holdings
QFIN
$1.6B
| $16.9M | ﹤0.01% |
1,434,291
| – | – |
|
1621
Atmos Energy
ATO
$28.7B
| $16.8M | ﹤0.01% |
175,961
-180,960
| -51% | -$17.4M |
|
|
CORE
1622
DELISTED
Core Mark Holding Co., Inc.
CORE
| $16.8M | ﹤0.01% |
571,315
-51,900
| -8% | -$1.59M |
|
|
ITCI
1623
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $16.8M | ﹤0.01% |
527,281
+176,658
| +50% | +$4.64M |
|
1624
Primoris Services
PRIM
$4.52B
| $16.7M | ﹤0.01% |
603,081
-30,091
| -5% | -$693K |
|
|
ALEX
1625
DELISTED
Alexander & Baldwin
ALEX
| $16.6M | ﹤0.01% |
968,475
| – | – |
|
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.