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 | |
|---|---|---|---|---|---|---|
1801
Dyne Therapeutics
DYN
$4.85B
| $8.4M | ﹤0.01% |
400,000
-80,769
| -17% | -$1.6M |
|
1802
Allegiant Air
ALGT
$2.82B
| $8.39M | ﹤0.01% |
44,319
| – | – |
|
|
VNTR
1803
DELISTED
Venator Materials PLC
VNTR
| $8.28M | ﹤0.01% |
2,500,000
| – | – |
|
|
BRSP
1804
BrightSpire Capital
BRSP
$630M
| $8.27M | ﹤0.01% |
1,103,056
| – | – |
|
1805
E.W. Scripps
SSP
$261M
| $8.17M | ﹤0.01% |
534,403
| – | – |
|
1806
TIM SA
TIMB
$9.04B
| $8.16M | ﹤0.01% |
586,476
-236,220
| -29% | -$2.95M |
|
|
FFG
1807
DELISTED
FBL Financial Group
FFG
| $8.16M | ﹤0.01% |
155,402
+55,009
| +55% | +$2.83M |
|
|
ALX
1808
Alexander's
ALX
$1.4B
| $8.07M | ﹤0.01% |
29,101
| – | – |
|
1809
Brookdale Senior Living
BKD
$3.4B
| $8.03M | ﹤0.01% |
1,812,165
-133,447
| -7% | -$492K |
|
|
EGRX
1810
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $8.02M | ﹤0.01% |
172,174
-11,246
| -6% | -$526K |
|
|
DAY
1811
DELISTED
Dayforce
DAY
| $7.99M | ﹤0.01% |
74,980
-497,610
| -87% | -$47M |
|
1812
Southern Copper
SCCO
$163B
| $7.97M | ﹤0.01% |
131,971
-128,285
| -49% | -$6.6M |
|
|
DMC
1813
Del Monte Corp
DMC
$1.41B
| $7.94M | ﹤0.01% |
330,013
-35,535
| -10% | -$857K |
|
|
BPYU
1814
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $7.85M | ﹤0.01% |
525,428
+15,178
| +3% | +$231K |
|
1815
AudioCodes
AUDC
$256M
| $7.81M | ﹤0.01% |
283,519
| – | – |
|
1816
Varex Imaging
VREX
$502M
| $7.69M | ﹤0.01% |
460,815
-163,592
| -26% | -$2.44M |
|
1817
Kearny Financial
KRNY
$610M
| $7.66M | ﹤0.01% |
725,555
| – | – |
|
1818
CVR Energy
CVI
$3.35B
| $7.64M | ﹤0.01% |
512,871
-23,540
| -4% | -$318K |
|
1819
SFL Corp
SFL
$1.65B
| $7.61M | ﹤0.01% |
1,211,548
+204,900
| +20% | +$1.42M |
|
|
SOHU
1820
Sohu.com
SOHU
$364M
| $7.61M | ﹤0.01% |
477,274
-104,824
| -18% | -$1.92M |
|
|
AVTA
1821
DELISTED
Avantax, Inc. Common Stock
AVTA
| $7.49M | ﹤0.01% |
470,613
-63,686
| -12% | -$777K |
|
1822
Skywest
SKYW
$4.42B
| $7.42M | ﹤0.01% |
184,008
-35,160
| -16% | -$1.28M |
|
|
ARR
1823
Armour Residential REIT
ARR
$2.33B
| $7.4M | ﹤0.01% |
137,230
-1,334
| -1% | -$68.7K |
|
|
BPFH
1824
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $7.35M | ﹤0.01% |
870,297
-129,804
| -13% | -$920K |
|
|
DADA
1825
DELISTED
Dada Nexus
DADA
| $7.33M | ﹤0.01% |
200,723
-99,277
| -33% | -$3.68M |
|
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.