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 | |
|---|---|---|---|---|---|---|---|
551
DELISTED
TopBuild
BLD
| $194M | 0.02% |
+546,026
| New | +$225M |
2015 Q3
43 quarters
|
|
552
SailPoint Inc
SAIL
$11.2B
| $191M | 0.02% |
+13,058,978
| New | +$178M |
2025 Q1
5 quarters
|
|
553
Omega Healthcare
OHI
$13.7B
| $190M | 0.02% |
+3,989,606
| New | +$185M |
2013 Q2
52 quarters
|
|
554
Clean Harbors
CLH
$16.8B
| $189M | 0.02% |
+632,096
| New | +$187M |
2013 Q2
52 quarters
|
|
555
Albemarle
ALB
$11.6B
| $188M | 0.02% |
+1,394,324
| New | +$246M |
2013 Q2
52 quarters
|
|
556
Cerebras Systems
CBRS
$34.8B
| $187M | 0.02% |
+846,636
| New | +$199M |
2026 Q2
0 quarters
|
|
557
Uranium Energy
UEC
$4.38B
| $187M | 0.02% |
+17,499,619
| New | +$235M |
2023 Q2
12 quarters
|
|
558
Idexx Laboratories
IDXX
$41.3B
| $186M | 0.02% |
+353,944
| New | +$199M |
2013 Q2
52 quarters
|
|
559
Super Micro Computer
SMCI
$26.3B
| $185M | 0.02% |
+6,312,211
| New | +$201M |
2023 Q2
12 quarters
|
|
560
EchoStar
ECHO
$27.7B
| $184M | 0.02% |
+1,811,222
| New | +$221M |
2025 Q4
2 quarters
|
|
561
Celsius Holdings
CELH
$7.18B
| $182M | 0.02% |
+6,208,110
| New | +$196M |
2021 Q1
21 quarters
|
|
562
Advanced Energy
AEIS
$11.2B
| $181M | 0.02% |
+486,582
| New | +$170M |
2013 Q2
52 quarters
|
|
563
Reinsurance Group of America
RGA
$17B
| $181M | 0.02% |
+851,264
| New | +$178M |
2013 Q2
52 quarters
|
|
564
Wise Group
WSE
$11.7B
| $180M | 0.02% |
+14,980,282
| New | +$179M |
2026 Q2
0 quarters
|
|
565
Host Hotels & Resorts
HST
$15.6B
| $179M | 0.02% |
+7,567,798
| New | +$169M |
2013 Q2
52 quarters
|
|
566
RenaissanceRe
RNR
$14.1B
| $179M | 0.02% |
+564,127
| New | +$170M |
2013 Q2
52 quarters
|
|
567
Sterling Infrastructure
STRL
$15.3B
| $178M | 0.02% |
+212,189
| New | +$149M |
2025 Q4
2 quarters
|
|
568
Skyworks Solutions
SWKS
$11.2B
| $178M | 0.02% |
+2,622,484
| New | +$178M |
2013 Q2
52 quarters
|
|
569
Cognizant
CTSH
$26.9B
| $178M | 0.02% |
+4,590,074
| New | +$242M |
2013 Q2
52 quarters
|
|
570
Mueller Industries
MLI
$13.5B
| $178M | 0.02% |
+2,890,240
| New | +$189M |
2013 Q2
52 quarters
|
|
571
Masco
MAS
$13.6B
| $178M | 0.02% |
+2,182,005
| New | +$152M |
2013 Q2
52 quarters
|
|
572
Dollar General
DG
$27.9B
| $177M | 0.02% |
+1,541,181
| New | +$175M |
2013 Q2
52 quarters
|
|
573
Leidos
LDOS
$15.3B
| $176M | 0.02% |
+1,708,078
| New | +$227M |
2013 Q4
50 quarters
|
|
574
Liberty Media Corporation Series C Common Stock
FWONK
$23.5B
| $176M | 0.02% |
+1,846,371
| New | +$165M |
2014 Q3
47 quarters
|
|
575
BorgWarner
BWA
$12.2B
| $176M | 0.02% |
+2,644,244
| New | +$167M |
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.