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 | Held Since | |
|---|---|---|---|---|---|---|---|
276
Sysco
SYY
$38.7B
| $595M | 0.06% |
+7,115,401
| New | +$539M |
2013 Q2
52 quarters
|
|
277
Block Inc
XYZ
$46.2B
| $593M | 0.06% |
+7,797,430
| New | +$548M |
2017 Q1
37 quarters
|
|
278
Ameriprise Financial
AMP
$44.2B
| $592M | 0.06% |
+1,290,282
| New | +$591M |
2013 Q2
52 quarters
|
|
279
Franco-Nevada
FNV
$47.4B
| $581M | 0.06% |
+2,788,613
| New | +$650M |
2013 Q2
52 quarters
|
|
280
Hartford Financial Services
HIG
$35.3B
| $580M | 0.06% |
+4,379,119
| New | +$586M |
2013 Q2
52 quarters
|
|
281
Jabil
JBL
$32.7B
| $578M | 0.06% |
+1,500,190
| New | +$518M |
2013 Q2
52 quarters
|
|
282
MetLife
MET
$63.7B
| $577M | 0.06% |
+6,819,657
| New | +$550M |
2013 Q2
52 quarters
|
|
283
Oneok
OKE
$58B
| $574M | 0.06% |
+6,606,241
| New | +$582M |
2013 Q2
52 quarters
|
|
284
Steel Dynamics
STLD
$34.3B
| $568M | 0.06% |
+2,476,326
| New | +$580M |
2013 Q2
52 quarters
|
|
285
Vornado Realty Trust
VNO
$6.31B
| $566M | 0.06% |
+14,411,308
| New | +$466M |
2013 Q2
52 quarters
|
|
286
Autodesk
ADSK
$48.8B
| $565M | 0.06% |
+2,903,600
| New | +$663M |
2013 Q2
52 quarters
|
|
287
Carrier Global
CARR
$45.7B
| $560M | 0.06% |
+7,631,155
| New | +$499M |
2020 Q2
24 quarters
|
|
288
Biogen
BIIB
$33.9B
| $557M | 0.06% |
+2,580,033
| New | +$494M |
2013 Q2
52 quarters
|
|
289
Rocket Lab Corp
RKLB
$42B
| $553M | 0.06% |
+5,437,031
| New | +$542M |
2025 Q1
5 quarters
|
|
290
Interactive Brokers
IBKR
$39.8B
| $551M | 0.06% |
+6,334,173
| New | +$527M |
2013 Q2
52 quarters
|
|
291
Teledyne Technologies
TDY
$28.4B
| $551M | 0.05% |
+826,081
| New | +$521M |
2013 Q2
52 quarters
|
|
292
Nike
NKE
$52.5B
| $548M | 0.05% |
+13,357,328
| New | +$588M |
2013 Q2
52 quarters
|
|
293
Celestica
CLS
$43.8B
| $545M | 0.05% |
+1,494,469
| New | +$561M |
2013 Q2
52 quarters
|
|
294
Sea Limited
SE
$58.7B
| $540M | 0.05% |
+5,636,101
| New | +$495M |
2017 Q4
34 quarters
|
|
295
PG&E
PCG
$39.5B
| $538M | 0.05% |
+31,995,975
| New | +$538M |
2013 Q2
52 quarters
|
|
296
Huntington Bancshares
HBAN
$31.1B
| $538M | 0.05% |
+30,320,337
| New | +$500M |
2013 Q2
52 quarters
|
|
297
Iron Mountain
IRM
$34.3B
| $532M | 0.05% |
+4,214,697
| New | +$517M |
2013 Q2
52 quarters
|
|
298
Airbnb
ABNB
$96.4B
| $531M | 0.05% |
+3,709,238
| New | +$506M |
2022 Q1
17 quarters
|
|
299
Sunbelt Rentals Holdings
SUNB
$31B
| $530M | 0.05% |
+7,273,452
| New | +$545M |
2026 Q2
0 quarters
|
|
300
Public Service Enterprise Group
PEG
$35.3B
| $529M | 0.05% |
+6,520,199
| New | +$521M |
2013 Q2
52 quarters
|
|
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.