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 | |
|---|---|---|---|---|---|---|---|
476
Onto Innovation
ONTO
$13.4B
| $246M | 0.02% |
+649,734
| New | +$184M |
2021 Q3
19 quarters
|
|
477
SoFi Technologies
SOFI
$19.7B
| $244M | 0.02% |
+13,630,462
| New | +$231M |
2022 Q2
16 quarters
|
|
478
Veralto
VLTO
$23.9B
| $244M | 0.02% |
+2,754,071
| New | +$239M |
2023 Q4
10 quarters
|
|
479
Reliance Steel & Aluminium
RS
$20.5B
| $244M | 0.02% |
+653,621
| New | +$239M |
2013 Q2
52 quarters
|
|
480
Stellantis
STLA
$12.7B
| $244M | 0.02% |
+42,902,186
| New | +$317M |
2015 Q3
43 quarters
|
|
481
Equifax
EFX
$17.3B
| $244M | 0.02% |
+1,535,111
| New | +$262M |
2013 Q2
52 quarters
|
|
482
Broadridge
BR
$18.8B
| $243M | 0.02% |
+1,773,005
| New | +$268M |
2013 Q2
52 quarters
|
|
483
Fabrinet
FN
$16.4B
| $243M | 0.02% |
+431,950
| New | +$278M |
2024 Q4
6 quarters
|
|
484
Tapestry
TPR
$23.4B
| $239M | 0.02% |
+1,630,233
| New | +$234M |
2013 Q2
52 quarters
|
|
485
TTM Technologies
TTMI
$11.6B
| $238M | 0.02% |
+1,273,139
| New | +$205M |
2026 Q2
0 quarters
|
|
486
Iris Energy
IREN
$13.7B
| $238M | 0.02% |
+5,197,774
| New | +$270M |
2026 Q2
0 quarters
|
|
487
Penumbra
PEN
$12.6B
| $238M | 0.02% |
+752,242
| New | +$244M |
2017 Q1
37 quarters
|
|
488
Credicorp
BAP
$30.3B
| $237M | 0.02% |
+607,991
| New | +$208M |
2018 Q1
33 quarters
|
|
489
Hershey
HSY
$32.9B
| $234M | 0.02% |
+1,333,760
| New | +$252M |
2013 Q2
52 quarters
|
|
490
International Paper
IP
$16.8B
| $233M | 0.02% |
+6,114,486
| New | +$209M |
2013 Q2
52 quarters
|
|
491
Regal Rexnord
RRX
$10.9B
| $233M | 0.02% |
+978,022
| New | +$204M |
2013 Q2
52 quarters
|
|
492
Guardant Health
GH
$21.8B
| $232M | 0.02% |
+1,548,518
| New | +$168M |
2022 Q2
16 quarters
|
|
493
Magna International
MGA
$17B
| $232M | 0.02% |
+3,528,931
| New | +$221M |
2013 Q2
52 quarters
|
|
494
Crane Co
CR
$11.8B
| $232M | 0.02% |
+1,038,496
| New | +$196M |
2023 Q2
12 quarters
|
|
495
Albertsons Companies
ACI
$6.09B
| $231M | 0.02% |
+17,091,758
| New | +$274M |
2021 Q3
19 quarters
|
|
496
Estee Lauder
EL
$36.2B
| $231M | 0.02% |
+2,927,691
| New | +$236M |
2013 Q2
52 quarters
|
|
497
Verisk Analytics
VRSK
$23.1B
| $230M | 0.02% |
+1,280,898
| New | +$226M |
2013 Q2
52 quarters
|
|
498
Yum China
YUMC
$14.5B
| $230M | 0.02% |
+5,621,829
| New | +$257M |
2016 Q4
38 quarters
|
|
499
Fair Isaac
FICO
$16B
| $229M | 0.02% |
+191,363
| New | +$214M |
2013 Q2
52 quarters
|
|
500
Best Buy
BBY
$18.2B
| $228M | 0.02% |
+3,001,949
| New | +$199M |
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.