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 | |
|---|---|---|---|---|---|---|---|
601
Ryder
R
$9.11B
| $164M | 0.02% |
+621,123
| New | +$152M |
2013 Q2
52 quarters
|
|
602
Alamos Gold
AGI
$13.6B
| $164M | 0.02% |
+5,408,024
| New | +$219M |
2015 Q3
43 quarters
|
|
603
FormFactor
FORM
$10.2B
| $164M | 0.02% |
+1,024,043
| New | +$136M |
2014 Q4
46 quarters
|
|
604
Globe Life
GL
$12.7B
| $164M | 0.02% |
+915,219
| New | +$143M |
2013 Q2
52 quarters
|
|
605
Unity
U
$20.5B
| $162M | 0.02% |
+5,684,941
| New | +$151M |
2020 Q3
23 quarters
|
|
606
Somnigroup International
SGI
$14.4B
| $161M | 0.02% |
+2,055,833
| New | +$151M |
2017 Q4
34 quarters
|
|
607
Graco
GGG
$12.8B
| $161M | 0.02% |
+2,130,052
| New | +$168M |
2013 Q2
52 quarters
|
|
608
Versant Media Group
VSNT
$4.26B
| $161M | 0.02% |
+4,459,630
| New | +$179M |
2026 Q2
0 quarters
|
|
609
Toast
TOST
$18.1B
| $160M | 0.02% |
+5,765,060
| New | +$150M |
2022 Q1
17 quarters
|
|
610
Nextpower Inc. Common Stock
NXT
$12.9B
| $160M | 0.02% |
+1,340,331
| New | +$165M |
2023 Q1
13 quarters
|
|
611
GoDaddy
GDDY
$13B
| $160M | 0.02% |
+1,881,009
| New | +$159M |
2016 Q1
41 quarters
|
|
612
Insulet
PODD
$9.7B
| $160M | 0.02% |
+1,047,986
| New | +$175M |
2013 Q2
52 quarters
|
|
613
OGE Energy
OGE
$9.67B
| $160M | 0.02% |
+3,278,280
| New | +$157M |
2013 Q2
52 quarters
|
|
614
Avery Dennison
AVY
$12.7B
| $159M | 0.02% |
+981,301
| New | +$160M |
2013 Q2
52 quarters
|
|
615
Gen Digital
GEN
$14B
| $159M | 0.02% |
+6,398,371
| New | +$143M |
2013 Q2
52 quarters
|
|
616
Crown Holdings
CCK
$11.8B
| $159M | 0.02% |
+1,420,714
| New | +$144M |
2013 Q2
52 quarters
|
|
617
Jazz Pharmaceuticals
JAZZ
$14.1B
| $158M | 0.02% |
+656,843
| New | +$144M |
2026 Q2
0 quarters
|
|
618
Fidelity National Financial
FNF
$10.5B
| $157M | 0.02% |
+3,324,025
| New | +$161M |
2013 Q2
52 quarters
|
|
619
Modine Manufacturing
MOD
$9.16B
| $157M | 0.02% |
+587,047
| New | +$155M |
2023 Q4
10 quarters
|
|
620
First Horizon
FHN
$10.9B
| $156M | 0.02% |
+6,099,706
| New | +$149M |
2013 Q2
52 quarters
|
|
621
Rogers Corp
ROG
$2.61B
| $156M | 0.02% |
+952,212
| New | +$131M |
2013 Q2
52 quarters
|
|
622
Deckers Outdoor
DECK
$11.5B
| $154M | 0.02% |
+1,555,996
| New | +$164M |
2013 Q2
52 quarters
|
|
623
Tradeweb Markets
TW
$23.3B
| $154M | 0.02% |
+1,544,599
| New | +$168M |
2019 Q2
28 quarters
|
|
624
Carlyle Group
CG
$13.6B
| $154M | 0.02% |
+3,646,300
| New | +$171M |
2020 Q3
23 quarters
|
|
625
Moog Inc Class A
MOG.A
$11.8B
| $153M | 0.02% |
+360,879
| New | +$123M |
2013 Q2
52 quarters
|
|
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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.