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 | |
|---|---|---|---|---|---|---|
576
Owens Corning
OC
$11.4B
| $175M | 0.02% |
+1,103,877
| New | +$134M |
|
577
Jones Lang LaSalle
JLL
$17.4B
| $175M | 0.02% |
+565,689
| New | +$176M |
|
578
Assurant
AIZ
$14.1B
| $175M | 0.02% |
+651,725
| New | +$159M |
|
|
NVMI
579
Nova
NVMI
$11.8B
| $174M | 0.02% |
+328,477
| New | +$169M |
|
580
Check Point Software Technologies
CHKP
$13.6B
| $174M | 0.02% |
+1,325,557
| New | +$172M |
|
581
Saia
SAIA
$9.39B
| $174M | 0.02% |
+412,606
| New | +$181M |
|
|
PPL
582
PPL Corp
PPL
$25.9B
| $173M | 0.02% |
+4,767,514
| New | +$176M |
|
583
Las Vegas Sands
LVS
$28.7B
| $173M | 0.02% |
+3,738,233
| New | +$194M |
|
584
Gaming and Leisure Properties
GLPI
$12.3B
| $172M | 0.02% |
+3,871,376
| New | +$181M |
|
585
Expeditors International
EXPD
$24.8B
| $171M | 0.02% |
+1,052,212
| New | +$163M |
|
586
Essent Group
ESNT
$6.23B
| $170M | 0.02% |
+2,650,724
| New | +$160M |
|
587
J.M. Smucker
SJM
$14.1B
| $170M | 0.02% |
+1,510,861
| New | +$154M |
|
588
Globalstar
GSAT
$10.6B
| $169M | 0.02% |
+2,084,853
| New | +$168M |
|
|
WBS
589
DELISTED
Webster Financial
WBS
| $169M | 0.02% |
+2,207,713
| New | +$161M |
|
590
AGNC Investment
AGNC
$13B
| $169M | 0.02% |
+15,473,900
| New | +$163M |
|
591
CoStar Group
CSGP
$12.7B
| $169M | 0.02% |
+5,949,912
| New | +$205M |
|
592
Roivant Sciences
ROIV
$27.1B
| $168M | 0.02% |
+4,747,472
| New | +$140M |
|
593
Qiagen
QGEN
$9.03B
| $168M | 0.02% |
+4,325,135
| New | +$161M |
|
594
Knight Transportation
KNX
$11.2B
| $168M | 0.02% |
+2,153,384
| New | +$149M |
|
595
Sanmina
SANM
$10.9B
| $168M | 0.02% |
+662,307
| New | +$145M |
|
596
Stanley Black & Decker
SWK
$15B
| $167M | 0.02% |
+1,769,666
| New | +$139M |
|
|
MICC
597
The Magnum Ice Cream Company N.V.
MICC
$12.3B
| $166M | 0.02% |
+9,547,081
| New | +$149M |
|
598
CGI
GIB
$15.4B
| $165M | 0.02% |
+2,554,544
| New | +$174M |
|
599
Rollins
ROL
$17.3B
| $164M | 0.02% |
+3,934,428
| New | +$201M |
|
600
Neurocrine Biosciences
NBIX
$15.8B
| $164M | 0.02% |
+973,880
| New | +$144M |
|
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.