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 | |
|---|---|---|---|---|---|---|---|
426
DraftKings
DKNG
$9.76B
| $299M | 0.03% |
+11,848,138
| New | +$292M |
2020 Q4
22 quarters
|
|
427
Royalty Pharma
RPRX
$25.7B
| $299M | 0.03% |
+5,336,084
| New | +$278M |
2020 Q2
24 quarters
|
|
428
Quest Diagnostics
DGX
$25.7B
| $298M | 0.03% |
+1,406,620
| New | +$276M |
2013 Q2
52 quarters
|
|
429
WESCO International
WCC
$17.6B
| $297M | 0.03% |
+860,367
| New | +$292M |
2013 Q2
52 quarters
|
|
430
LPL Financial
LPLA
$26B
| $297M | 0.03% |
+1,054,523
| New | +$317M |
2013 Q2
52 quarters
|
|
431
AST SpaceMobile
ASTS
$15.4B
| $296M | 0.03% |
+3,334,326
| New | +$291M |
2025 Q4
2 quarters
|
|
432
C.H. Robinson
CHRW
$16.3B
| $295M | 0.03% |
+1,567,254
| New | +$278M |
2013 Q2
52 quarters
|
|
433
JB Hunt Transport Services
JBHT
$21.4B
| $294M | 0.03% |
+1,015,081
| New | +$261M |
2013 Q2
52 quarters
|
|
434
RB Global
RBA
$16.3B
| $293M | 0.03% |
+2,514,982
| New | +$265M |
2013 Q2
52 quarters
|
|
435
Corpay
CPAY
$26.1B
| $289M | 0.03% |
+865,723
| New | +$288M |
2013 Q2
52 quarters
|
|
436
US Foods
USFD
$21.1B
| $287M | 0.03% |
+2,806,952
| New | +$250M |
2016 Q2
40 quarters
|
|
437
Markel Group
MKL
$22.2B
| $284M | 0.03% |
+145,542
| New | +$272M |
2013 Q2
52 quarters
|
|
438
Bentley Systems
BSY
$10.6B
| $283M | 0.03% |
+9,480,213
| New | +$308M |
2024 Q4
6 quarters
|
|
439
Brown & Brown
BRO
$21.3B
| $282M | 0.03% |
+4,396,401
| New | +$268M |
2013 Q2
52 quarters
|
|
440
Royal Gold
RGLD
$20.1B
| $281M | 0.03% |
+1,409,598
| New | +$328M |
2015 Q4
42 quarters
|
|
441
VeriSign
VRSN
$27.4B
| $281M | 0.03% |
+1,118,343
| New | +$311M |
2013 Q2
52 quarters
|
|
442
KeyCorp
KEY
$21.4B
| $281M | 0.03% |
+12,181,840
| New | +$265M |
2013 Q2
52 quarters
|
|
443
Amcor
AMCR
$19.2B
| $279M | 0.03% |
+6,430,542
| New | +$255M |
2019 Q2
28 quarters
|
|
444
Roblox
RBLX
$35.4B
| $278M | 0.03% |
+5,118,299
| New | +$255M |
2022 Q3
15 quarters
|
|
445
Restaurant Brands International
QSR
$24.8B
| $277M | 0.03% |
+3,821,569
| New | +$291M |
2014 Q4
46 quarters
|
|
446
IonQ
IONQ
$14.7B
| $276M | 0.03% |
+5,188,962
| New | +$263M |
2022 Q3
15 quarters
|
|
447
Dollar Tree
DLTR
$22.1B
| $276M | 0.03% |
+2,284,585
| New | +$237M |
2013 Q2
52 quarters
|
|
448
Rocket Companies
RKT
$30.8B
| $276M | 0.03% |
+17,505,324
| New | +$252M |
2025 Q4
2 quarters
|
|
449
Qnity Electronics Inc
Q
$25.8B
| $273M | 0.03% |
+1,671,610
| New | +$246M |
2025 Q4
2 quarters
|
|
450
Ares Management
ARES
$26.9B
| $272M | 0.03% |
+2,444,674
| New | +$293M |
2020 Q1
25 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.