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
|
+$62.1B |
| 2 |
Microsoft
MSFT
|
+$52.5B |
| 3 |
Apple
AAPL
|
+$51.6B |
| 4 |
Amazon
AMZN
|
+$32.6B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$27.9B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.77% |
| 2 | Financials | 14.44% |
| 3 | Consumer Discretionary | 10.8% |
| 4 | Communication Services | 10.47% |
| 5 | Healthcare | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Genuine Parts
GPC
$18.8B
| $293M | 0.03% |
+2,386,716
| New | +$309M |
|
427
United Therapeutics
UTHR
$22.6B
| $293M | 0.03% |
+602,191
| New | +$280M |
|
428
Curtiss-Wright
CW
$22.4B
| $291M | 0.03% |
+527,207
| New | +$294M |
|
429
Carlyle Group
CG
$17.5B
| $288M | 0.03% |
+4,876,621
| New | +$277M |
|
430
Herc Holdings
HRI
$5.2B
| $287M | 0.03% |
+1,936,036
| New | +$265M |
|
431
Live Nation Entertainment
LYV
$42.1B
| $286M | 0.03% |
+2,006,483
| New | +$288M |
|
432
Domino's
DPZ
$11B
| $285M | 0.03% |
+684,026
| New | +$285M |
|
433
DraftKings
DKNG
$12B
| $284M | 0.03% |
+8,254,956
| New | +$272M |
|
|
HOLX
434
DELISTED
Hologic
HOLX
| $284M | 0.03% |
+3,816,001
| New | +$279M |
|
435
Affirm
AFRM
$26B
| $282M | 0.03% |
+3,788,266
| New | +$273M |
|
436
EastGroup Properties
EGP
$10.8B
| $281M | 0.03% |
+1,577,716
| New | +$280M |
|
437
Yum China
YUMC
$15.3B
| $281M | 0.03% |
+5,882,425
| New | +$269M |
|
|
CYBR
438
DELISTED
CyberArk
CYBR
| $277M | 0.03% |
+621,623
| New | +$299M |
|
439
Global Payments
GPN
$24.5B
| $276M | 0.03% |
+3,566,068
| New | +$287M |
|
440
Dover
DOV
$27.2B
| $276M | 0.03% |
+1,413,170
| New | +$257M |
|
441
Equifax
EFX
$22.4B
| $276M | 0.03% |
+1,270,323
| New | +$278M |
|
442
Twilio
TWLO
$37.1B
| $274M | 0.03% |
+1,925,354
| New | +$238M |
|
443
Principal Financial Group
PFG
$24B
| $273M | 0.03% |
+3,098,015
| New | +$261M |
|
444
Hershey
HSY
$36.4B
| $273M | 0.03% |
+1,497,448
| New | +$274M |
|
445
West Pharmaceutical
WST
$24.4B
| $272M | 0.03% |
+988,737
| New | +$270M |
|
446
Cincinnati Financial
CINF
$26.5B
| $271M | 0.03% |
+1,658,658
| New | +$269M |
|
|
SGI
447
Somnigroup International
SGI
$13.1B
| $271M | 0.03% |
+3,033,311
| New | +$265M |
|
448
Church & Dwight Co
CHD
$24.3B
| $270M | 0.03% |
+3,217,524
| New | +$275M |
|
449
Lennar Class A
LEN
$20.5B
| $270M | 0.03% |
+2,623,469
| New | +$317M |
|
450
Constellation Brands
STZ
$22.4B
| $268M | 0.03% |
+1,941,126
| New | +$266M |
|
Similar funds
Norges Bank's Q4 2025 Portfolio in Review
As of Q4 2025, Norges Bank held 1,577 positions worth $935B. Its ten largest holdings account for 35% of the portfolio.
Norges Bank deployed $925B of net new capital in Q4 2025, opening 1,577 new positions. Its largest new stake was NVIDIA: 333,748,700 shares worth $62.2B.
By sector, the portfolio is most concentrated in Technology at 33% of assets, followed by Financials and Consumer Discretionary.
- Norges Bank's largest Q4 2025 buy was NVIDIA: 333,748,700 shares worth $62.2B.
- Norges Bank's ten largest holdings make up 35% of its $935B portfolio in Q4 2025.
- Norges Bank opened 1,577 new positions and closed 0 in Q4 2025.
Based on Norges Bank's 13F filing for Q4 2025, filed 10 Feb 2026.