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 | |
|---|---|---|---|---|---|---|
476
SS&C Technologies
SSNC
$19.6B
| $243M | 0.03% |
+2,777,920
| New | +$237M |
|
477
Bloom Energy
BE
$64.2B
| $240M | 0.03% |
+2,758,465
| New | +$290M |
|
|
GTLS
478
DELISTED
Chart Industries
GTLS
| $238M | 0.03% |
+1,153,211
| New | +$234M |
|
479
Packaging Corp of America
PKG
$21.7B
| $238M | 0.03% |
+1,152,348
| New | +$234M |
|
480
C.H. Robinson
CHRW
$17.7B
| $237M | 0.03% |
+1,472,165
| New | +$217M |
|
|
SAIL
481
SailPoint Inc
SAIL
$11.6B
| $235M | 0.03% |
+11,600,666
| New | +$242M |
|
482
United Airlines
UAL
$36.5B
| $234M | 0.03% |
+2,094,830
| New | +$212M |
|
483
RB Global
RBA
$15.9B
| $232M | 0.02% |
+2,252,312
| New | +$229M |
|
484
Essex Property Trust
ESS
$18B
| $231M | 0.02% |
+881,574
| New | +$228M |
|
485
Unity
U
$19.1B
| $230M | 0.02% |
+5,213,617
| New | +$212M |
|
486
Quest Diagnostics
DGX
$27B
| $230M | 0.02% |
+1,322,663
| New | +$241M |
|
|
TLN
487
Talen Energy Corp
TLN
$14.6B
| $226M | 0.02% |
+602,736
| New | +$234M |
|
|
PCH
488
DELISTED
PotlatchDeltic
PCH
| $225M | 0.02% |
+5,668,344
| New | +$229M |
|
489
Burlington
BURL
$18.3B
| $225M | 0.02% |
+778,850
| New | +$211M |
|
490
Coca-Cola Consolidated
COKE
$13B
| $222M | 0.02% |
+1,450,800
| New | +$213M |
|
491
Zimmer Biomet
ZBH
$19B
| $221M | 0.02% |
+2,460,348
| New | +$233M |
|
492
Rivian
RIVN
$24.3B
| $220M | 0.02% |
+11,178,246
| New | +$177M |
|
|
FYBR
493
DELISTED
Frontier Communications
FYBR
| $220M | 0.02% |
+5,777,744
| New | +$218M |
|
|
RNAM
494
DELISTED
Avidity Biosciences
RNAM
| $220M | 0.02% |
+3,046,388
| New | +$197M |
|
495
Alamos Gold
AGI
$15.9B
| $219M | 0.02% |
+5,683,697
| New | +$198M |
|
496
Wyndham Hotels & Resorts
WH
$5.7B
| $219M | 0.02% |
+2,904,478
| New | +$219M |
|
|
SARO
497
StandardAero Inc
SARO
$8.3B
| $218M | 0.02% |
+7,589,073
| New | +$207M |
|
498
Dow Inc
DOW
$21.9B
| $217M | 0.02% |
+9,266,933
| New | +$213M |
|
499
Kimco Realty
KIM
$16B
| $216M | 0.02% |
+10,637,151
| New | +$221M |
|
500
BP
BP
$109B
| $215M | 0.02% |
+6,189,755
| New | +$217M |
|
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.