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 | |
|---|---|---|---|---|---|---|
1851
Ceragon Networks
CRNT
$209M
| $6.15M | ﹤0.01% |
2,212,539
| – | – |
|
1852
Upstart Holdings
UPST
$2.9B
| $6.11M | ﹤0.01% |
+150,000
| New | +$6.16M |
|
|
DSPG
1853
DELISTED
DSP Group Inc
DSPG
| $6.09M | ﹤0.01% |
367,221
| – | – |
|
|
TPC
1854
Tutor Perini Cor
TPC
$4.51B
| $6.05M | ﹤0.01% |
467,581
+80,675
| +21% | +$1.09M |
|
|
SAVE
1855
DELISTED
Spirit Airlines, Inc.
SAVE
| $5.85M | ﹤0.01% |
239,147
-155,652
| -39% | -$3.22M |
|
1856
Invesco Mortgage Capital
IVR
$757M
| $5.8M | ﹤0.01% |
171,728
+26,627
| +18% | +$825K |
|
1857
Hudbay
HBM
$10.4B
| $5.72M | ﹤0.01% |
816,781
| – | – |
|
1858
Myers Industries
MYE
$1.38B
| $5.71M | ﹤0.01% |
274,793
-41,399
| -13% | -$689K |
|
1859
Donnelley Financial Solutions
DFIN
$1.2B
| $5.66M | ﹤0.01% |
333,348
| – | – |
|
|
CMO
1860
DELISTED
Capstead Mortgage Corp.
CMO
| $5.66M | ﹤0.01% |
973,620
-194,662
| -17% | -$1.11M |
|
1861
Gaotu Techedu
GOTU
$448M
| $5.65M | ﹤0.01% |
109,309
| – | – |
|
1862
Leslie's
LESL
$12.4M
| $5.55M | ﹤0.01% |
+10,000
| New | +$4.5M |
|
1863
Zymeworks
ZYME
$1.6B
| $5.54M | ﹤0.01% |
117,255
-38,461
| -25% | -$1.79M |
|
|
ZUO
1864
DELISTED
Zuora, Inc.
ZUO
| $5.49M | ﹤0.01% |
394,200
-19,500
| -5% | -$222K |
|
1865
Forrester Research
FORR
$221M
| $5.37M | ﹤0.01% |
128,056
-9,856
| -7% | -$394K |
|
|
TBIO
1866
DELISTED
Translate Bio, Inc. Common Stock
TBIO
| $5.25M | ﹤0.01% |
284,980
-451,600
| -61% | -$8.08M |
|
1867
Kenon Holdings
KEN
$3.45B
| $5.19M | ﹤0.01% |
176,436
-73,640
| -29% | -$1.86M |
|
1868
National Presto Industries
NPK
$967M
| $5.15M | ﹤0.01% |
58,266
-4,857
| -8% | -$417K |
|
1869
Amneal Pharmaceuticals
AMRX
$5.9B
| $5M | ﹤0.01% |
1,093,954
| – | – |
|
|
SY
1870
So-Young International
SY
$200M
| $4.99M | ﹤0.01% |
449,349
| – | – |
|
1871
Alphatec Holdings
ATEC
$1.59B
| $4.97M | ﹤0.01% |
342,000
+165,400
| +94% | +$1.75M |
|
|
FSP
1872
Franklin Street Properties
FSP
$48.1M
| $4.91M | ﹤0.01% |
1,123,300
-232,856
| -17% | -$1.03M |
|
1873
Broadstone Net Lease
BNL
$4.08B
| $4.89M | ﹤0.01% |
249,704
-150,296
| -38% | -$2.66M |
|
1874
Innovative Industrial Properties
IIPR
$1.7B
| $4.88M | ﹤0.01% |
+26,668
| New | +$3.99M |
|
|
ICPT
1875
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $4.78M | ﹤0.01% |
193,621
+22,076
| +13% | +$732K |
|
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.