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 | |
|---|---|---|---|---|---|---|
426
DraftKings
DKNG
$12B
| $299M | 0.03% |
+11,848,138
| New | +$292M |
|
427
Royalty Pharma
RPRX
$27.6B
| $299M | 0.03% |
+5,336,084
| New | +$278M |
|
428
Quest Diagnostics
DGX
$27B
| $298M | 0.03% |
+1,406,620
| New | +$276M |
|
|
WCC
429
WESCO International
WCC
$17.1B
| $297M | 0.03% |
+860,367
| New | +$292M |
|
430
LPL Financial
LPLA
$28.4B
| $297M | 0.03% |
+1,054,523
| New | +$317M |
|
431
AST SpaceMobile
ASTS
$18.4B
| $296M | 0.03% |
+3,334,326
| New | +$291M |
|
432
C.H. Robinson
CHRW
$17.7B
| $295M | 0.03% |
+1,567,254
| New | +$278M |
|
433
JB Hunt Transport Services
JBHT
$24.7B
| $294M | 0.03% |
+1,015,081
| New | +$261M |
|
434
RB Global
RBA
$15.9B
| $293M | 0.03% |
+2,514,982
| New | +$265M |
|
435
Corpay
CPAY
$26.5B
| $289M | 0.03% |
+865,723
| New | +$288M |
|
436
US Foods
USFD
$23.3B
| $287M | 0.03% |
+2,806,952
| New | +$250M |
|
437
Markel Group
MKL
$22.4B
| $284M | 0.03% |
+145,542
| New | +$272M |
|
438
Bentley Systems
BSY
$11.4B
| $283M | 0.03% |
+9,480,213
| New | +$308M |
|
439
Brown & Brown
BRO
$23.9B
| $282M | 0.03% |
+4,396,401
| New | +$268M |
|
440
Royal Gold
RGLD
$22.8B
| $281M | 0.03% |
+1,409,598
| New | +$328M |
|
441
VeriSign
VRSN
$26.6B
| $281M | 0.03% |
+1,118,343
| New | +$311M |
|
442
KeyCorp
KEY
$23.5B
| $281M | 0.03% |
+12,181,840
| New | +$265M |
|
443
Amcor
AMCR
$21.5B
| $279M | 0.03% |
+6,430,542
| New | +$255M |
|
444
Roblox
RBLX
$27.3B
| $278M | 0.03% |
+5,118,299
| New | +$255M |
|
445
Restaurant Brands International
QSR
$27.2B
| $277M | 0.03% |
+3,821,569
| New | +$291M |
|
446
IonQ
IONQ
$17.2B
| $276M | 0.03% |
+5,188,962
| New | +$263M |
|
447
Dollar Tree
DLTR
$24.4B
| $276M | 0.03% |
+2,284,585
| New | +$237M |
|
448
Rocket Companies
RKT
$40.3B
| $276M | 0.03% |
+17,505,324
| New | +$252M |
|
|
Q
449
Qnity Electronics Inc
Q
$26.4B
| $273M | 0.03% |
+1,671,610
| New | +$246M |
|
450
Ares Management
ARES
$32.1B
| $272M | 0.03% |
+2,444,674
| New | +$293M |
|
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.