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 | |
|---|---|---|---|---|---|---|
351
Coinbase
COIN
$50.3B
| $408M | 0.04% |
+2,790,018
| New | +$504M |
|
352
Corebridge Financial
CRBG
$14.5B
| $407M | 0.04% |
+14,211,979
| New | +$384M |
|
353
Copart
CPRT
$30.3B
| $407M | 0.04% |
+14,424,810
| New | +$466M |
|
354
AngloGold Ashanti
AU
$59.9B
| $405M | 0.04% |
+4,997,219
| New | +$475M |
|
355
Revolution Medicines
RVMD
$47.4B
| $404M | 0.04% |
+2,157,479
| New | +$315M |
|
356
Live Nation Entertainment
LYV
$42.1B
| $403M | 0.04% |
+2,199,335
| New | +$362M |
|
357
Coca-Cola Europacific Partners
CCEP
$47.4B
| $401M | 0.04% |
+4,003,172
| New | +$382M |
|
358
Twilio
TWLO
$37.1B
| $399M | 0.04% |
+1,935,539
| New | +$343M |
|
359
Ingersoll Rand
IR
$30.6B
| $397M | 0.04% |
+4,844,338
| New | +$375M |
|
360
Casey's General Stores
CASY
$28.2B
| $394M | 0.04% |
+495,789
| New | +$399M |
|
361
Allstate
ALL
$65.1B
| $393M | 0.04% |
+1,651,513
| New | +$359M |
|
362
Entegris
ENTG
$22.2B
| $391M | 0.04% |
+2,171,938
| New | +$313M |
|
363
VICI Properties
VICI
$28.4B
| $384M | 0.04% |
+14,474,088
| New | +$406M |
|
364
Curtiss-Wright
CW
$22.4B
| $384M | 0.04% |
+506,330
| New | +$371M |
|
365
MACOM Technology Solutions
MTSI
$21.2B
| $379M | 0.04% |
+996,731
| New | +$331M |
|
366
First Solar
FSLR
$22.6B
| $377M | 0.04% |
+1,598,543
| New | +$375M |
|
367
United Therapeutics
UTHR
$22.6B
| $376M | 0.04% |
+694,753
| New | +$391M |
|
368
Willis Towers Watson
WTW
$31.5B
| $375M | 0.04% |
+1,433,866
| New | +$384M |
|
369
nVent Electric
NVT
$25.2B
| $375M | 0.04% |
+2,208,137
| New | +$344M |
|
370
GE HealthCare
GEHC
$32.7B
| $373M | 0.04% |
+5,823,524
| New | +$383M |
|
371
Rayonier
RYN
$6.14B
| $373M | 0.04% |
+17,506,364
| New | +$367M |
|
372
NiSource
NI
$19.6B
| $370M | 0.04% |
+7,789,733
| New | +$369M |
|
373
CMS Energy
CMS
$21.4B
| $370M | 0.04% |
+4,837,123
| New | +$363M |
|
374
Raymond James Financial
RJF
$33.9B
| $370M | 0.04% |
+2,432,562
| New | +$369M |
|
375
Kroger
KR
$34.9B
| $369M | 0.04% |
+6,647,904
| New | +$434M |
|
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.