Norway’s Sovereign Wealth Fund Looks to Have Made an Unrealized Half Billion Gain in GameStop

Posted on 01/30/2021

Norges Bank Investment Management (NBIM) is the manager of Norway Government Pension Fund Global (Norway GPFG). The sovereign wealth fund is a major holder of listed equities. Norway’s SWF has around US$ 927 billion in listed equities at the end of 2020.

SEC filings report that NBIM had 1,811,792 shares of GameStop (ticker: GME) at December 31, 2019. The year-end price close was US$ 5.90 per share. If Norway’s SWF, did not sell shares of GameStop in 2020 and held it recently, the recent close of GME was US$ 325 per share. Based on the available data, Norway SWF’s position in GameStop was worth US$ 10,689,572.80 at the end of 2019 and the latest close, it is worth US$ 588,832,400.

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