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 | |
|---|---|---|---|---|---|---|
1826
Evolent Health
EVH
$350M
| $7.14M | ﹤0.01% |
445,708
+89,683
| +25% | +$1.19M |
|
1827
Washington Trust Bancorp
WASH
$761M
| $7.13M | ﹤0.01% |
159,213
-21,305
| -12% | -$822K |
|
|
SOGO
1828
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $7.11M | ﹤0.01% |
872,490
-112,994
| -11% | -$981K |
|
|
AAN
1829
DELISTED
The Aaron's Company Inc
AAN
| $7.02M | ﹤0.01% |
+370,087
| New | +$6.81M |
|
1830
Columbia Financial
CLBK
$1.12B
| $6.99M | ﹤0.01% |
449,279
| – | – |
|
|
ESPR
1831
DELISTED
Esperion Therapeutics
ESPR
| $6.96M | ﹤0.01% |
267,560
-7,192
| -3% | -$215K |
|
1832
Shift4
FOUR
$4.41B
| $6.94M | ﹤0.01% |
92,077
| – | – |
|
1833
WisdomTree
WT
$3.42B
| $6.94M | ﹤0.01% |
1,296,386
| – | – |
|
|
LKFT
1834
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.73B
| $6.93M | ﹤0.01% |
70,000
| – | – |
|
1835
SelectQuote
SLQT
$131M
| $6.92M | ﹤0.01% |
333,333
| – | – |
|
1836
MeiraGTx Holdings
MGTX
$1.14B
| $6.89M | ﹤0.01% |
455,319
| – | – |
|
|
GOCO
1837
DELISTED
GoHealth
GOCO
| $6.83M | ﹤0.01% |
33,333
-66,667
| -67% | -$12.4M |
|
1838
Scorpio Tankers
STNG
$3.83B
| $6.75M | ﹤0.01% |
602,755
| – | – |
|
1839
Sonos
SONO
$1.94B
| $6.66M | ﹤0.01% |
284,827
| – | – |
|
|
YSG
1840
Yatsen Holding
YSG
$280M
| $6.63M | ﹤0.01% |
+78,000
| New | +$6.53M |
|
1841
Stock Yards Bancorp
SYBT
$2.65B
| $6.54M | ﹤0.01% |
161,639
+56
| +0% | +$2.22K |
|
|
RPT
1842
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $6.48M | ﹤0.01% |
749,632
-314,362
| -30% | -$2.13M |
|
1843
Enanta Pharmaceuticals
ENTA
$387M
| $6.48M | ﹤0.01% |
154,002
-5,692
| -4% | -$250K |
|
1844
Sabesp
SBS
$19.1B
| $6.41M | ﹤0.01% |
3,849,581
| – | – |
|
1845
nCino
NCNO
$2.14B
| $6.39M | ﹤0.01% |
+88,304
| New | +$6.83M |
|
1846
Warrior Met Coal
HCC
$4.3B
| $6.38M | ﹤0.01% |
+299,000
| New | +$5.26M |
|
1847
Alector
ALEC
$171M
| $6.32M | ﹤0.01% |
417,354
-191,774
| -31% | -$2.38M |
|
1848
Vroom Inc
VRM
$36.7M
| $6.23M | ﹤0.01% |
+1,902
| New | +$6.27M |
|
1849
Arvinas
ARVN
$581M
| $6.23M | ﹤0.01% |
73,343
-15,734
| -18% | -$543K |
|
|
RDUS
1850
DELISTED
Radius Health, Inc.
RDUS
| $6.15M | ﹤0.01% |
344,577
+18,839
| +6% | +$283K |
|
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.