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 | |
|---|---|---|---|---|---|---|
1751
Phathom Pharmaceuticals
PHAT
$677M
| $10.9M | ﹤0.01% |
329,343
+70,000
| +27% | +$2.84M |
|
1752
Sony
SONY
$132B
| $10.9M | ﹤0.01% |
538,250
| – | – |
|
|
NARI
1753
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $10.9M | ﹤0.01% |
124,401
+115,790
| +1,345% | +$8.18M |
|
1754
Towne Bank
TOWN
$3.5B
| $10.8M | ﹤0.01% |
458,221
-43,721
| -9% | -$903K |
|
1755
Acco Brands
ACCO
$404M
| $10.7M | ﹤0.01% |
1,263,411
-226,227
| -15% | -$1.64M |
|
1756
Community Trust Bancorp
CTBI
$1.44B
| $10.6M | ﹤0.01% |
286,501
-22,908
| -7% | -$775K |
|
|
BIG
1757
DELISTED
Big Lots, Inc.
BIG
| $10.6M | ﹤0.01% |
247,185
-85,770
| -26% | -$4.17M |
|
1758
Griffon
GFF
$4.74B
| $10.6M | ﹤0.01% |
518,517
+22,442
| +5% | +$483K |
|
|
CD
1759
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $10.5M | ﹤0.01% |
438,954
+338,954
| +339% | +$5.55M |
|
|
UHT
1760
Universal Health Realty Income Trust
UHT
$584M
| $10.5M | ﹤0.01% |
163,385
| – | – |
|
|
KRA
1761
DELISTED
Kraton Corporation
KRA
| $10.4M | ﹤0.01% |
375,020
| – | – |
|
1762
Dine Brands
DIN
$448M
| $10.4M | ﹤0.01% |
179,578
+9,145
| +5% | +$556K |
|
1763
Standex International
SXI
$3.92B
| $10.4M | ﹤0.01% |
134,125
-16,100
| -11% | -$1.15M |
|
1764
Capitol Federal Financial
CFFN
$1.13B
| $10.3M | ﹤0.01% |
821,737
-18,513
| -2% | -$221K |
|
1765
Lindsay Corp
LNN
$1.17B
| $10.2M | ﹤0.01% |
79,516
+1,900
| +2% | +$217K |
|
|
TRST
1766
Trustco Bank Corp NY
TRST
$974M
| $10.2M | ﹤0.01% |
305,097
-38,718
| -11% | -$1.17M |
|
|
MDP
1767
DELISTED
Meredith Corporation
MDP
| $10.2M | ﹤0.01% |
528,784
-4,947
| -0.9% | -$80.3K |
|
1768
1st Source
SRCE
$2.17B
| $10.1M | ﹤0.01% |
251,478
-15,347
| -6% | -$561K |
|
1769
National Beverage
FIZZ
$3.01B
| $9.93M | ﹤0.01% |
233,848
-30,228
| -11% | -$1.3M |
|
1770
Grupo Cibest SA
CIB
$21.6B
| $9.84M | ﹤0.01% |
+245,000
| New | +$7.65M |
|
|
BBT
1771
Beacon Financial Corp
BBT
$2.7B
| $9.76M | ﹤0.01% |
570,137
+68,928
| +14% | +$1.03M |
|
1772
NBT Bancorp
NBTB
$2.77B
| $9.75M | ﹤0.01% |
303,789
-28,446
| -9% | -$852K |
|
1773
C3.ai
AI
$1.54B
| $9.71M | ﹤0.01% |
+70,000
| New | +$9.39M |
|
|
CSII
1774
DELISTED
Cardiovascular Systems, Inc.
CSII
| $9.69M | ﹤0.01% |
221,417
-202,941
| -48% | -$7.64M |
|
|
BRKL
1775
DELISTED
Brookline Bancorp
BRKL
| $9.56M | ﹤0.01% |
794,216
-39,997
| -5% | -$433K |
|
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.