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 | |
|---|---|---|---|---|---|---|---|
401
Fiserv Inc
FISV
$24.5B
| $332M | 0.03% |
+6,768,394
| New | +$378M |
2013 Q2
52 quarters
|
|
402
Rubrik
RBRK
$24.9B
| $327M | 0.03% |
+4,069,424
| New | +$256M |
2024 Q2
8 quarters
|
|
403
CF Industries
CF
$17.3B
| $325M | 0.03% |
+3,004,820
| New | +$354M |
2013 Q2
52 quarters
|
|
404
Aflac
AFL
$58.1B
| $323M | 0.03% |
+2,758,685
| New | +$318M |
2013 Q2
52 quarters
|
|
405
Martin Marietta Materials
MLM
$33.9B
| $321M | 0.03% |
+557,143
| New | +$330M |
2013 Q2
52 quarters
|
|
406
XPO
XPO
$21.1B
| $321M | 0.03% |
+1,564,973
| New | +$331M |
2015 Q2
44 quarters
|
|
407
Flutter Entertainment
FLUT
$13.6B
| $319M | 0.03% |
+3,123,181
| New | +$322M |
2024 Q1
9 quarters
|
|
408
Arrowhead Research
ARWR
$8.58B
| $318M | 0.03% |
+3,896,536
| New | +$288M |
2019 Q3
27 quarters
|
|
409
Carpenter Technology
CRS
$18.7B
| $317M | 0.03% |
+513,898
| New | +$242M |
2013 Q2
52 quarters
|
|
410
Kinross Gold
KGC
$27.9B
| $314M | 0.03% |
+13,274,824
| New | +$390M |
2013 Q2
52 quarters
|
|
411
TechnipFMC
FTI
$27.4B
| $314M | 0.03% |
+4,733,333
| New | +$335M |
2013 Q2
52 quarters
|
|
412
General Mills
GIS
$17.5B
| $313M | 0.03% |
+9,001,918
| New | +$311M |
2013 Q2
52 quarters
|
|
413
Church & Dwight Co
CHD
$23.7B
| $310M | 0.03% |
+3,202,289
| New | +$306M |
2013 Q2
52 quarters
|
|
414
West Pharmaceutical
WST
$25.9B
| $310M | 0.03% |
+862,915
| New | +$264M |
2013 Q2
52 quarters
|
|
415
Eversource Energy
ES
$24.9B
| $308M | 0.03% |
+4,257,095
| New | +$295M |
2013 Q2
52 quarters
|
|
416
Cincinnati Financial
CINF
$25.4B
| $307M | 0.03% |
+1,660,670
| New | +$275M |
2013 Q2
52 quarters
|
|
417
Fidelity National Information Services
FIS
$17.7B
| $307M | 0.03% |
+7,902,808
| New | +$342M |
2013 Q2
52 quarters
|
|
418
Synchrony
SYF
$24B
| $306M | 0.03% |
+4,019,209
| New | +$295M |
2014 Q3
47 quarters
|
|
419
STAG Industrial
STAG
$7.03B
| $305M | 0.03% |
+8,006,493
| New | +$306M |
2014 Q4
46 quarters
|
|
420
Everpure Inc
P
$51.8B
| $304M | 0.03% |
+3,859,029
| New | +$283M |
2018 Q3
31 quarters
|
|
421
Herc Holdings
HRI
$4.25B
| $303M | 0.03% |
+2,117,340
| New | +$273M |
2013 Q2
52 quarters
|
|
422
EastGroup Properties
EGP
$10.6B
| $302M | 0.03% |
+1,493,398
| New | +$299M |
2013 Q2
52 quarters
|
|
423
Barclays
BCS
$76.9B
| $302M | 0.03% |
+11,250,000
| New | +$271M |
2024 Q3
7 quarters
|
|
424
Xylem
XYL
$24B
| $301M | 0.03% |
+2,544,452
| New | +$294M |
2013 Q2
52 quarters
|
|
425
Affirm
AFRM
$26.5B
| $300M | 0.03% |
+3,681,211
| New | +$241M |
2022 Q1
17 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.