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 | |
|---|---|---|---|---|---|---|
1726
S&T Bancorp
STBA
$1.86B
| $12.1M | ﹤0.01% |
488,915
-37,807
| -7% | -$835K |
|
1727
SiriusPoint
SPNT
$2.77B
| $12.1M | ﹤0.01% |
1,271,648
-11,813
| -0.9% | -$103K |
|
|
ECOL
1728
DELISTED
US Ecology, Inc.
ECOL
| $12.1M | ﹤0.01% |
332,680
+66,000
| +25% | +$2.29M |
|
1729
CF Industries
CF
$18.1B
| $12.1M | ﹤0.01% |
312,033
+34,992
| +13% | +$1.15M |
|
|
VRE
1730
DELISTED
Veris Residential
VRE
| $11.9M | ﹤0.01% |
953,512
| – | – |
|
|
NP
1731
DELISTED
Neenah, Inc. Common Stock
NP
| $11.9M | ﹤0.01% |
214,669
-11,025
| -5% | -$506K |
|
|
CSR
1732
Centerspace
CSR
$938M
| $11.8M | ﹤0.01% |
167,734
| – | – |
|
1733
DNOW Inc
DNOW
$2.59B
| $11.8M | ﹤0.01% |
1,646,402
+142,415
| +9% | +$801K |
|
|
NOVA
1734
DELISTED
Sunnova Energy
NOVA
| $11.8M | ﹤0.01% |
260,780
+64,580
| +33% | +$2.24M |
|
1735
Tanger
SKT
$4.65B
| $11.8M | ﹤0.01% |
1,179,870
+130,817
| +12% | +$1.11M |
|
1736
Theravance Biopharma
TBPH
$875M
| $11.7M | ﹤0.01% |
657,681
-352,142
| -35% | -$6.32M |
|
|
TRQ
1737
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $11.7M | ﹤0.01% |
938,674
-63,588
| -6% | -$616K |
|
1738
Jack Henry & Associates
JKHY
$11B
| $11.6M | ﹤0.01% |
71,896
-360,959
| -83% | -$57.3M |
|
1739
Scholastic
SCHL
$814M
| $11.4M | ﹤0.01% |
456,212
| – | – |
|
|
EPZM
1740
DELISTED
Epizyme, Inc
EPZM
| $11.3M | ﹤0.01% |
1,043,707
-156,859
| -13% | -$1.94M |
|
1741
Astec Industries
ASTE
$1.08B
| $11.3M | ﹤0.01% |
195,469
+30,900
| +19% | +$1.76M |
|
1742
Oceaneering
OII
$4.88B
| $11.2M | ﹤0.01% |
1,414,344
+40,762
| +3% | +$238K |
|
1743
Matsons
MATX
$6.36B
| $11.2M | ﹤0.01% |
197,035
+101,120
| +105% | +$5.52M |
|
|
SFBS
1744
ServisFirst Bancshares
SFBS
$4.96B
| $11.2M | ﹤0.01% |
277,069
| – | – |
|
|
SWI
1745
DELISTED
SolarWinds Corporation Common Stock
SWI
| $11.1M | ﹤0.01% |
702,260
+27,856
| +4% | +$610K |
|
1746
Matthews International
MATW
$854M
| $11.1M | ﹤0.01% |
376,269
+12,023
| +3% | +$311K |
|
|
KNL
1747
DELISTED
Knoll, Inc.
KNL
| $11M | ﹤0.01% |
749,427
+82,662
| +12% | +$1.11M |
|
1748
City Holding Co
CHCO
$2.06B
| $11M | ﹤0.01% |
157,790
-13,010
| -8% | -$842K |
|
1749
Camping World
CWH
$694M
| $11M | ﹤0.01% |
421,277
+65,417
| +18% | +$1.91M |
|
|
INVX
1750
Innovex International
INVX
$2.11B
| $11M | ﹤0.01% |
370,508
| – | – |
|
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.