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 | |
|---|---|---|---|---|---|---|
|
BLD
551
DELISTED
TopBuild
BLD
| $194M | 0.02% |
+546,026
| New | +$225M |
|
|
SAIL
552
SailPoint Inc
SAIL
$11.6B
| $191M | 0.02% |
+13,058,978
| New | +$178M |
|
553
Omega Healthcare
OHI
$14B
| $190M | 0.02% |
+3,989,606
| New | +$185M |
|
554
Clean Harbors
CLH
$16.5B
| $189M | 0.02% |
+632,096
| New | +$187M |
|
555
Albemarle
ALB
$16B
| $188M | 0.02% |
+1,394,324
| New | +$246M |
|
|
CBRS
556
Cerebras Systems
CBRS
$44.3B
| $187M | 0.02% |
+846,636
| New | +$199M |
|
557
Uranium Energy
UEC
$6.74B
| $187M | 0.02% |
+17,499,619
| New | +$235M |
|
558
Idexx Laboratories
IDXX
$42.9B
| $186M | 0.02% |
+353,944
| New | +$199M |
|
559
Super Micro Computer
SMCI
$24.9B
| $185M | 0.02% |
+6,312,211
| New | +$201M |
|
|
ECHO
560
EchoStar
ECHO
$25.1B
| $184M | 0.02% |
+1,811,222
| New | +$221M |
|
561
Celsius Holdings
CELH
$8.35B
| $182M | 0.02% |
+6,208,110
| New | +$196M |
|
562
Advanced Energy
AEIS
$11.5B
| $181M | 0.02% |
+486,582
| New | +$170M |
|
563
Reinsurance Group of America
RGA
$16.1B
| $181M | 0.02% |
+851,264
| New | +$178M |
|
|
WSE
564
Wise Group
WSE
$12.9B
| $180M | 0.02% |
+14,980,282
| New | +$179M |
|
565
Host Hotels & Resorts
HST
$15.3B
| $179M | 0.02% |
+7,567,798
| New | +$169M |
|
566
RenaissanceRe
RNR
$13.7B
| $179M | 0.02% |
+564,127
| New | +$170M |
|
567
Sterling Infrastructure
STRL
$15.5B
| $178M | 0.02% |
+212,189
| New | +$149M |
|
568
Skyworks Solutions
SWKS
$10.1B
| $178M | 0.02% |
+2,622,484
| New | +$178M |
|
569
Cognizant
CTSH
$28.7B
| $178M | 0.02% |
+4,590,074
| New | +$242M |
|
570
Mueller Industries
MLI
$14.2B
| $178M | 0.02% |
+2,890,240
| New | +$189M |
|
571
Masco
MAS
$14.4B
| $178M | 0.02% |
+2,182,005
| New | +$152M |
|
572
Dollar General
DG
$27.8B
| $177M | 0.02% |
+1,541,181
| New | +$175M |
|
573
Leidos
LDOS
$17.6B
| $176M | 0.02% |
+1,708,078
| New | +$227M |
|
574
Liberty Media Series C
FWONK
$25.6B
| $176M | 0.02% |
+1,846,371
| New | +$165M |
|
575
BorgWarner
BWA
$13.2B
| $176M | 0.02% |
+2,644,244
| New | +$167M |
|
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.