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 | |
|---|---|---|---|---|---|---|
1926
Levi Strauss
LEVI
$9.43B
| $2.7M | ﹤0.01% |
134,615
-57,561
| -30% | -$1.03M |
|
1927
Angi Inc
ANGI
$251M
| $2.64M | ﹤0.01% |
19,994
+10,055
| +101% | +$1.17M |
|
1928
BioCryst Pharmaceuticals
BCRX
$2.29B
| $2.61M | ﹤0.01% |
350,760
-681,333
| -66% | -$3.51M |
|
1929
American Well
AMWL
$174M
| $2.53M | ﹤0.01% |
5,000
| – | – |
|
|
CSW
1930
CSW Industrials
CSW
$5.69B
| $2.48M | ﹤0.01% |
+22,200
| New | +$2.22M |
|
1931
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $2.42M | ﹤0.01% |
490,133
| – | – |
|
1932
Extreme Networks
EXTR
$4.23B
| $2.41M | ﹤0.01% |
349,600
-561,360
| -62% | -$3.01M |
|
|
TRUE
1933
DELISTED
TrueCar
TRUE
| $2.4M | ﹤0.01% |
572,600
-225,800
| -28% | -$1.01M |
|
1934
AMERISAFE
AMSF
$557M
| $2.4M | ﹤0.01% |
+41,700
| New | +$2.41M |
|
|
CDMO
1935
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $2.27M | ﹤0.01% |
+197,000
| New | +$1.8M |
|
1936
Universal Insurance Holdings
UVE
$1.23B
| $2.26M | ﹤0.01% |
+149,800
| New | +$2.11M |
|
1937
Stewart Information Services
STC
$2.09B
| $2.25M | ﹤0.01% |
46,600
-18,100
| -28% | -$825K |
|
|
FFIC
1938
DELISTED
Flushing Financial
FFIC
| $2.25M | ﹤0.01% |
135,386
-27,038
| -17% | -$374K |
|
1939
James River Group Holdings
JRVR
$213M
| $2.25M | ﹤0.01% |
+45,800
| New | +$2.21M |
|
|
DCT
1940
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $2.24M | ﹤0.01% |
51,724
| – | – |
|
1941
Enova International
ENVA
$6.42B
| $2.24M | ﹤0.01% |
+90,400
| New | +$1.85M |
|
|
SPTN
1942
DELISTED
SpartanNash
SPTN
| $2.23M | ﹤0.01% |
128,202
| – | – |
|
1943
TFS Financial
TFSL
$5.22B
| $2.2M | ﹤0.01% |
124,972
-62,770
| -33% | -$1.04M |
|
|
CAI
1944
DELISTED
CAI International, Inc.
CAI
| $2.19M | ﹤0.01% |
69,932
| – | – |
|
1945
Maravai LifeSciences
MRVI
$948M
| $2.17M | ﹤0.01% |
+77,418
| New | +$2.16M |
|
1946
Kamada
KMDA
$423M
| $2.13M | ﹤0.01% |
331,663
| – | – |
|
1947
Onto Innovation
ONTO
$14.3B
| $2.12M | ﹤0.01% |
+44,600
| New | +$1.79M |
|
1948
MGP Ingredients
MGPI
$366M
| $2.11M | ﹤0.01% |
44,785
| – | – |
|
|
MSGN
1949
DELISTED
MSG Networks Inc.
MSGN
| $2.08M | ﹤0.01% |
141,130
| – | – |
|
|
BBBY
1950
Bed Bath & Beyond
BBBY
$530M
| $2.08M | ﹤0.01% |
+47,637
| New | +$2.82M |
|
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.