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 | |
|---|---|---|---|---|---|---|
376
Hewlett Packard
HPE
$72B
| $367M | 0.04% |
+8,126,959
| New | +$293M |
|
377
Dover
DOV
$27.2B
| $363M | 0.04% |
+1,620,058
| New | +$353M |
|
378
Vulcan Materials
VMC
$35.5B
| $361M | 0.04% |
+1,222,676
| New | +$350M |
|
379
Insmed
INSM
$26.5B
| $360M | 0.04% |
+3,377,641
| New | +$409M |
|
380
Atmos Energy
ATO
$28.3B
| $358M | 0.04% |
+2,079,227
| New | +$372M |
|
381
PTC
PTC
$17.2B
| $356M | 0.04% |
+3,135,548
| New | +$423M |
|
382
HEICO Corp Class A
HEI.A
$35.1B
| $355M | 0.04% |
+1,376,894
| New | +$315M |
|
383
Ulta Beauty
ULTA
$23.2B
| $354M | 0.04% |
+785,165
| New | +$399M |
|
384
Coupang
CPNG
$29.2B
| $354M | 0.04% |
+20,363,309
| New | +$368M |
|
385
AerCap
AER
$23.3B
| $354M | 0.04% |
+2,426,017
| New | +$345M |
|
386
Charter Communications
CHTR
$17.7B
| $349M | 0.03% |
+2,452,458
| New | +$409M |
|
387
Fortis
FTS
$28B
| $349M | 0.03% |
+6,089,626
| New | +$344M |
|
388
Woodward
WWD
$20.4B
| $348M | 0.03% |
+818,678
| New | +$310M |
|
389
Northern Trust
NTRS
$34.1B
| $348M | 0.03% |
+2,001,944
| New | +$330M |
|
390
F5
FFIV
$23.2B
| $347M | 0.03% |
+834,521
| New | +$297M |
|
391
FTAI Aviation
FTAI
$20.5B
| $347M | 0.03% |
+1,280,959
| New | +$322M |
|
392
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $347M | 0.03% |
+3,434,982
| New | +$330M |
|
393
Strategy Inc
MSTR
$54.6B
| $346M | 0.03% |
+3,979,476
| New | +$578M |
|
394
Carvana
CVNA
$53.3B
| $345M | 0.03% |
+5,243,494
| New | +$371M |
|
395
ATI
ATI
$29.2B
| $343M | 0.03% |
+1,739,884
| New | +$295M |
|
396
Cboe Global Markets
CBOE
$32.8B
| $342M | 0.03% |
+1,409,000
| New | +$431M |
|
397
Nutrien
NTR
$34.9B
| $341M | 0.03% |
+5,411,013
| New | +$378M |
|
398
Zoetis
ZTS
$31B
| $337M | 0.03% |
+4,689,847
| New | +$442M |
|
399
First Industrial Realty Trust
FR
$8.27B
| $335M | 0.03% |
+5,470,630
| New | +$339M |
|
|
MDLN
400
Medline Inc
MDLN
$30.4B
| $334M | 0.03% |
+8,475,413
| New | +$342M |
|
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.