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 | |
|---|---|---|---|---|---|---|
1901
Twist Bioscience
TWST
$6.19B
| $3.72M | ﹤0.01% |
26,353
+11,353
| +76% | +$1.26M |
|
|
CBB
1902
DELISTED
Cincinnati Bell Inc.
CBB
| $3.71M | ﹤0.01% |
242,600
-560,072
| -70% | -$8.51M |
|
|
BNFT
1903
DELISTED
Benefitfocus, Inc.
BNFT
| $3.64M | ﹤0.01% |
251,600
+71,500
| +40% | +$872K |
|
1904
Trupanion
TRUP
$1.08B
| $3.62M | ﹤0.01% |
+30,226
| New | +$2.86M |
|
1905
Sotera Health
SHC
$5.16B
| $3.53M | ﹤0.01% |
+128,574
| New | +$3.45M |
|
|
JAMF
1906
DELISTED
Jamf
JAMF
| $3.51M | ﹤0.01% |
117,436
+23,686
| +25% | +$781K |
|
1907
Atlanta Braves Holdings Series A
BATRA
$3.52B
| $3.5M | ﹤0.01% |
140,764
| – | – |
|
|
REGI
1908
DELISTED
Renewable Energy Group, Inc.
REGI
| $3.49M | ﹤0.01% |
+49,333
| New | +$3.02M |
|
1909
iHeartMedia
IHRT
$582M
| $3.42M | ﹤0.01% |
+263,580
| New | +$2.71M |
|
|
RUBY
1910
DELISTED
Rubius Therapeutics, Inc
RUBY
| $3.42M | ﹤0.01% |
450,000
| – | – |
|
|
AERI
1911
DELISTED
Aerie Pharmaceuticals
AERI
| $3.31M | ﹤0.01% |
244,976
-96,746
| -28% | -$1.17M |
|
|
TCDA
1912
DELISTED
Tricida, Inc. Common Stock
TCDA
| $3.24M | ﹤0.01% |
459,569
+47,882
| +12% | +$367K |
|
1913
Black Diamond Therapeutics
BDTX
$102M
| $3.21M | ﹤0.01% |
100,000
| – | – |
|
|
VIVO
1914
DELISTED
Meridian Bioscience Inc
VIVO
| $3.17M | ﹤0.01% |
169,903
| – | – |
|
1915
Corsair Gaming
CRSR
$1.22B
| $3.12M | ﹤0.01% |
86,121
-513,879
| -86% | -$15.7M |
|
|
HA
1916
DELISTED
Hawaiian Holdings, Inc.
HA
| $3.12M | ﹤0.01% |
176,100
-65,520
| -27% | -$1.11M |
|
1917
Chewy
CHWY
$9.87B
| $3.11M | ﹤0.01% |
34,632
-406,626
| -92% | -$29.7M |
|
1918
Pacific Biosciences
PACB
$447M
| $3.11M | ﹤0.01% |
+119,815
| New | +$2.04M |
|
1919
Axcelis
ACLS
$4.29B
| $3.08M | ﹤0.01% |
105,933
-89,109
| -46% | -$2.31M |
|
|
HMHC
1920
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $3.01M | ﹤0.01% |
902,561
+607,700
| +206% | +$1.81M |
|
1921
Vertex
VERX
$2B
| $2.99M | ﹤0.01% |
85,714
-207,143
| -71% | -$5.64M |
|
|
DCOM
1922
DELISTED
Dime Community Bancshares
DCOM
| $2.95M | ﹤0.01% |
187,151
-53,210
| -22% | -$744K |
|
|
YALA
1923
Yalla Group
YALA
$841M
| $2.87M | ﹤0.01% |
200,000
| – | – |
|
1924
DMC Global
BOOM
$150M
| $2.82M | ﹤0.01% |
65,111
| – | – |
|
|
SWAV
1925
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $2.74M | ﹤0.01% |
+26,413
| New | +$2.29M |
|
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.