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 | |
|---|---|---|---|---|---|---|---|
451
Workday
WDAY
$45.4B
| $269M | 0.03% |
+2,197,001
| New | +$278M |
2013 Q2
52 quarters
|
|
452
State Street
STT
$48.1B
| $268M | 0.03% |
+1,580,331
| New | +$244M |
2013 Q2
52 quarters
|
|
453
Regions Financial
RF
$23.3B
| $267M | 0.03% |
+8,849,540
| New | +$248M |
2013 Q2
52 quarters
|
|
454
Snap-on
SNA
$18.7B
| $267M | 0.03% |
+663,806
| New | +$251M |
2013 Q2
52 quarters
|
|
455
RBC Bearings
RBC
$16.1B
| $267M | 0.03% |
+414,675
| New | +$247M |
2013 Q2
52 quarters
|
|
456
NVR
NVR
$15.3B
| $265M | 0.03% |
+38,888
| New | +$247M |
2013 Q2
52 quarters
|
|
457
American Water Works
AWK
$25.7B
| $262M | 0.03% |
+1,991,551
| New | +$256M |
2013 Q2
52 quarters
|
|
458
TD Synnex
SNX
$21.8B
| $262M | 0.03% |
+980,091
| New | +$236M |
2013 Q2
52 quarters
|
|
459
SBA Communications
SBAC
$19.5B
| $262M | 0.03% |
+1,483,684
| New | +$306M |
2013 Q2
52 quarters
|
|
460
Tyson Foods
TSN
$18.8B
| $262M | 0.03% |
+4,573,018
| New | +$286M |
2013 Q2
52 quarters
|
|
461
Burlington
BURL
$16.8B
| $260M | 0.03% |
+819,920
| New | +$264M |
2014 Q3
47 quarters
|
|
462
Pinterest
PINS
$12.1B
| $259M | 0.03% |
+12,293,601
| New | +$247M |
2019 Q4
26 quarters
|
|
463
Packaging Corp of America
PKG
$20.3B
| $257M | 0.03% |
+1,078,180
| New | +$236M |
2013 Q2
52 quarters
|
|
464
United Airlines
UAL
$33.9B
| $257M | 0.03% |
+1,888,595
| New | +$196M |
2013 Q2
52 quarters
|
|
465
Dow Inc
DOW
$20.3B
| $255M | 0.03% |
+9,303,665
| New | +$338M |
2019 Q2
28 quarters
|
|
466
Sprouts Farmers Market
SFM
$6B
| $253M | 0.03% |
+2,995,262
| New | +$242M |
2014 Q1
49 quarters
|
|
467
Pembina Pipeline
PBA
$27.8B
| $252M | 0.03% |
+5,456,805
| New | +$253M |
2013 Q2
52 quarters
|
|
468
Coca-Cola Consolidated
COKE
$13.1B
| $252M | 0.03% |
+1,319,285
| New | +$246M |
2017 Q2
36 quarters
|
|
469
Steris
STE
$21.4B
| $251M | 0.03% |
+1,192,173
| New | +$256M |
2013 Q2
52 quarters
|
|
470
Pan American Silver
PAAS
$19B
| $250M | 0.02% |
+5,581,737
| New | +$299M |
2013 Q2
52 quarters
|
|
471
Akamai
AKAM
$14.6B
| $250M | 0.02% |
+2,110,687
| New | +$263M |
2013 Q2
52 quarters
|
|
472
Veeva Systems
VEEV
$47.9B
| $249M | 0.02% |
+1,403,833
| New | +$231M |
2015 Q1
45 quarters
|
|
473
Constellation Brands
STZ
$21.4B
| $249M | 0.02% |
+1,790,314
| New | +$266M |
2013 Q2
52 quarters
|
|
474
Essential Utilities
WTRG
$11.1B
| $249M | 0.02% |
+6,489,675
| New | +$248M |
2013 Q2
52 quarters
|
|
475
Domino's
DPZ
$10.3B
| $246M | 0.02% |
+831,571
| New | +$274M |
2013 Q2
52 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.