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 | |
|---|---|---|---|---|---|---|
501
Tenet Healthcare
THC
$21.6B
| $227M | 0.02% |
+1,214,240
| New | +$223M |
|
502
Labcorp
LH
$27.3B
| $227M | 0.02% |
+810,093
| New | +$213M |
|
503
Halliburton
HAL
$29.6B
| $224M | 0.02% |
+6,597,352
| New | +$258M |
|
504
Brookfield Asset Management
BAM
$83.2B
| $224M | 0.02% |
+4,996,073
| New | +$236M |
|
|
TLN
505
Talen Energy Corp
TLN
$14.6B
| $223M | 0.02% |
+579,885
| New | +$213M |
|
506
Lennar Class A
LEN
$20.5B
| $223M | 0.02% |
+2,459,776
| New | +$220M |
|
507
W.R. Berkley
WRB
$25.4B
| $222M | 0.02% |
+3,148,633
| New | +$211M |
|
508
ITT
ITT
$18.6B
| $222M | 0.02% |
+1,120,248
| New | +$227M |
|
509
Kimco Realty
KIM
$16B
| $221M | 0.02% |
+8,734,055
| New | +$210M |
|
|
SARO
510
StandardAero Inc
SARO
$8.3B
| $219M | 0.02% |
+7,337,516
| New | +$193M |
|
511
Generac Holdings
GNRC
$11.6B
| $219M | 0.02% |
+748,375
| New | +$187M |
|
512
Lattice Semiconductor
LSCC
$17.1B
| $218M | 0.02% |
+1,426,091
| New | +$184M |
|
513
Weyerhaeuser
WY
$17.1B
| $217M | 0.02% |
+9,081,179
| New | +$221M |
|
514
Principal Financial Group
PFG
$24B
| $217M | 0.02% |
+2,014,675
| New | +$205M |
|
515
Nordson
NDSN
$18.4B
| $216M | 0.02% |
+715,042
| New | +$203M |
|
516
Tractor Supply
TSCO
$18.1B
| $215M | 0.02% |
+6,796,388
| New | +$235M |
|
|
GTLS
517
DELISTED
Chart Industries
GTLS
| $214M | 0.02% |
+1,024,974
| New | +$213M |
|
518
Performance Food Group
PFGC
$16B
| $213M | 0.02% |
+1,905,524
| New | +$181M |
|
519
East-West Bancorp
EWBC
$17.8B
| $213M | 0.02% |
+1,650,048
| New | +$203M |
|
520
Moderna
MRNA
$57B
| $212M | 0.02% |
+3,026,074
| New | +$157M |
|
521
Paychex
PAYX
$45B
| $210M | 0.02% |
+2,131,253
| New | +$202M |
|
522
IDEX
IEX
$17.2B
| $208M | 0.02% |
+916,538
| New | +$194M |
|
523
APi Group
APG
$17.8B
| $208M | 0.02% |
+4,911,433
| New | +$215M |
|
524
Nutanix
NTNX
$18.9B
| $207M | 0.02% |
+4,067,109
| New | +$184M |
|
525
Lennox International
LII
$13.5B
| $207M | 0.02% |
+360,498
| New | +$184M |
|
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.