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 | |
|---|---|---|---|---|---|---|
|
RAVN
1676
DELISTED
Raven Industries Inc
RAVN
| $13.9M | ﹤0.01% |
420,759
-3,838
| -0.9% | -$101K |
|
1677
Interparfums
IPAR
$4.02B
| $13.9M | ﹤0.01% |
229,884
-27,400
| -11% | -$1.38M |
|
1678
BancFirst
BANF
$3.83B
| $13.8M | ﹤0.01% |
235,643
-17,635
| -7% | -$905K |
|
|
THS
1679
DELISTED
Treehouse Foods
THS
| $13.8M | ﹤0.01% |
324,818
-203,521
| -39% | -$8.28M |
|
|
NVMI
1680
Nova
NVMI
$12.9B
| $13.8M | ﹤0.01% |
195,573
-28,643
| -13% | -$1.78M |
|
1681
Celestica
CLS
$42.4B
| $13.7M | ﹤0.01% |
1,698,436
| – | – |
|
|
MIK
1682
DELISTED
Michaels Stores, Inc
MIK
| $13.7M | ﹤0.01% |
1,053,068
+53,427
| +5% | +$543K |
|
1683
BP
BP
$107B
| $13.7M | ﹤0.01% |
666,508
| – | – |
|
1684
Kelly Services Class A
KELYA
$523M
| $13.7M | ﹤0.01% |
664,545
| – | – |
|
1685
The Greenbrier Companies
GBX
$1.55B
| $13.7M | ﹤0.01% |
375,575
| – | – |
|
1686
Usana Health Sciences
USNA
$272M
| $13.6M | ﹤0.01% |
176,915
-107,381
| -38% | -$8.31M |
|
|
PRA
1687
DELISTED
ProAssurance
PRA
| $13.6M | ﹤0.01% |
763,857
| – | – |
|
|
DNB
1688
DELISTED
Dun & Bradstreet
DNB
| $13.6M | ﹤0.01% |
545,630
+411,375
| +306% | +$11M |
|
|
SAFE
1689
Safehold
SAFE
$1.14B
| $13.5M | ﹤0.01% |
187,028
| – | – |
|
|
OCFT
1690
DELISTED
OneConnect Financial Technology
OCFT
| $13.5M | ﹤0.01% |
68,538
-54,700
| -44% | -$11.5M |
|
1691
Inovio Pharmaceuticals
INO
$69.1M
| $13.4M | ﹤0.01% |
126,439
+7,734
| +7% | +$1.03M |
|
1692
ADT
ADT
$5.57B
| $13.4M | ﹤0.01% |
1,710,426
-413,927
| -19% | -$3.25M |
|
1693
Virgin Galactic
SPCE
$371M
| $13.4M | ﹤0.01% |
28,238
-2,411
| -8% | -$1.13M |
|
1694
Ligand Pharmaceuticals
LGND
$6.08B
| $13.4M | ﹤0.01% |
215,931
-1,376
| -0.6% | -$78.4K |
|
1695
Supernus Pharmaceuticals
SUPN
$2.75B
| $13.4M | ﹤0.01% |
530,928
-50,966
| -9% | -$1.1M |
|
|
LADR
1696
Ladder Capital
LADR
$1.21B
| $13.3M | ﹤0.01% |
1,359,423
| – | – |
|
|
LGF.B
1697
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $13.3M | ﹤0.01% |
1,279,641
| – | – |
|
|
ATCO
1698
DELISTED
Atlas Corp.
ATCO
| $13.3M | ﹤0.01% |
1,224,198
-51,167
| -4% | -$526K |
|
|
KC
1699
Kingsoft Cloud Holdings
KC
$3.72B
| $13.2M | ﹤0.01% |
303,257
+294,010
| +3,180% | +$10.9M |
|
|
OPI
1700
DELISTED
Office Properties Income Trust
OPI
| $13.2M | ﹤0.01% |
581,286
-2,403
| -0.4% | -$52.5K |
|
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.