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 |
NVIDIA
NVDA
|
+$67B |
| 2 |
Apple
AAPL
|
+$54.6B |
| 3 |
Microsoft
MSFT
|
+$41.6B |
| 4 |
Amazon
AMZN
|
+$35.3B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$29.1B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.64% |
| 2 | Financials | 13.2% |
| 3 | Consumer Discretionary | 9.65% |
| 4 | Communication Services | 9.61% |
| 5 | Healthcare | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Edwards Lifesciences
EW
$51.8B
| $757M | 0.08% |
+8,373,783
| New | +$701M |
|
|
EA
227
DELISTED
Electronic Arts
EA
| $755M | 0.08% |
+3,683,691
| New | +$746M |
|
228
PACCAR
PCAR
$66.6B
| $754M | 0.08% |
+6,275,849
| New | +$741M |
|
|
AMRZ
229
Amrize Ltd
AMRZ
$24.2B
| $746M | 0.07% |
+14,067,218
| New | +$762M |
|
230
ON Semiconductor
ON
$29.1B
| $743M | 0.07% |
+7,857,251
| New | +$806M |
|
231
Cintas
CTAS
$81.7B
| $742M | 0.07% |
+4,361,704
| New | +$754M |
|
232
Alcon
ALC
$34.9B
| $741M | 0.07% |
+10,976,697
| New | +$769M |
|
233
Fastenal
FAST
$58.7B
| $741M | 0.07% |
+15,420,060
| New | +$700M |
|
234
American Homes 4 Rent
AMH
$12B
| $740M | 0.07% |
+22,081,035
| New | +$698M |
|
235
Monster Beverage
MNST
$91.5B
| $738M | 0.07% |
+15,349,598
| New | +$645M |
|
236
Expedia Group
EXPE
$38.3B
| $734M | 0.07% |
+2,869,833
| New | +$682M |
|
237
Regeneron Pharmaceuticals
REGN
$83.2B
| $731M | 0.07% |
+1,172,808
| New | +$798M |
|
238
Ford
F
$55.6B
| $719M | 0.07% |
+51,707,627
| New | +$698M |
|
239
Synopsys
SNPS
$89B
| $717M | 0.07% |
+1,606,493
| New | +$755M |
|
240
Pinduoduo
PDD
$121B
| $712M | 0.07% |
+9,338,120
| New | +$863M |
|
241
Phillips 66
PSX
$95.7B
| $704M | 0.07% |
+4,164,661
| New | +$717M |
|
242
Roper Technologies
ROP
$41.8B
| $702M | 0.07% |
+2,074,272
| New | +$707M |
|
243
Cencora
COR
$61.3B
| $700M | 0.07% |
+2,473,825
| New | +$713M |
|
244
Humana
HUM
$47.1B
| $695M | 0.07% |
+1,748,414
| New | +$498M |
|
245
Astera Labs
ALAB
$52.8B
| $693M | 0.07% |
+1,434,347
| New | +$381M |
|
246
TC Energy
TRP
$64.6B
| $691M | 0.07% |
+10,444,457
| New | +$691M |
|
247
Federal Realty Investment Trust
FRT
$10.2B
| $691M | 0.07% |
+5,594,536
| New | +$651M |
|
248
Rockwell Automation
ROK
$48.1B
| $689M | 0.07% |
+1,392,295
| New | +$606M |
|
249
Everest Group
EG
$14.5B
| $689M | 0.07% |
+1,929,157
| New | +$661M |
|
250
Zoom
ZM
$29.4B
| $688M | 0.07% |
+7,970,328
| New | +$753M |
|
Similar funds
Norges Bank's Q2 2026 Portfolio in Review
As of Q2 2026, Norges Bank held 1,617 positions worth $1T. Its ten largest holdings account for 32% of the portfolio.
Norges Bank deployed $972B of net new capital in Q2 2026, opening 1,617 new positions. Its largest new stake was NVIDIA: 325,951,734 shares worth $65.2B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, followed by Financials and Consumer Discretionary.
- Norges Bank's largest Q2 2026 buy was NVIDIA: 325,951,734 shares worth $65.2B.
- Norges Bank's ten largest holdings make up 32% of its $1T portfolio in Q2 2026.
- Norges Bank opened 1,617 new positions and closed 0 in Q2 2026.
Based on Norges Bank's 13F filing for Q2 2026, filed 12 Aug 2026.