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 | |
|---|---|---|---|---|---|---|
626
Align Technology
ALGN
$11.3B
| $153M | 0.02% |
+904,623
| New | +$157M |
|
627
Scholar Rock
SRRK
$7.22B
| $152M | 0.02% |
+2,769,910
| New | +$134M |
|
628
Trimble
TRMB
$14.3B
| $152M | 0.02% |
+2,967,406
| New | +$175M |
|
629
UL Solutions
ULS
$15.3B
| $151M | 0.02% |
+1,486,850
| New | +$141M |
|
630
Hasbro
HAS
$13.3B
| $150M | 0.02% |
+1,820,643
| New | +$164M |
|
631
TFI International
TFII
$11.2B
| $150M | 0.01% |
+1,042,239
| New | +$147M |
|
632
Equity Lifestyle Properties
ELS
$12.4B
| $150M | 0.01% |
+2,325,181
| New | +$147M |
|
633
SiTime
SITM
$18B
| $149M | 0.01% |
+200,038
| New | +$126M |
|
634
News Corp Class A
NWSA
$16.8B
| $149M | 0.01% |
+6,000,662
| New | +$155M |
|
635
Dick's Sporting Goods
DKS
$11.8B
| $148M | 0.01% |
+654,550
| New | +$145M |
|
636
Murphy USA
MUSA
$9.36B
| $148M | 0.01% |
+275,214
| New | +$149M |
|
637
Fox Class A
FOXA
$28.3B
| $148M | 0.01% |
+2,839,089
| New | +$175M |
|
638
eBay
EBAY
$45.5B
| $147M | 0.01% |
+1,315,606
| New | +$140M |
|
639
Camden Property Trust
CPT
$12.2B
| $147M | 0.01% |
+1,281,428
| New | +$137M |
|
|
ABVX
640
Abivax
ABVX
$9.97B
| $147M | 0.01% |
+1,100,000
| New | +$124M |
|
641
StoneX
SNEX
$8.24B
| $146M | 0.01% |
+1,852,265
| New | +$139M |
|
642
Exelixis
EXEL
$13.7B
| $146M | 0.01% |
+2,688,866
| New | +$131M |
|
643
Illumina
ILMN
$34.4B
| $145M | 0.01% |
+827,073
| New | +$121M |
|
644
Timken Company
TKR
$8.63B
| $145M | 0.01% |
+995,434
| New | +$120M |
|
645
Littelfuse
LFUS
$10.7B
| $144M | 0.01% |
+317,164
| New | +$137M |
|
|
SF
646
Stifel
SF
$12.2B
| $144M | 0.01% |
+2,061,688
| New | +$154M |
|
647
SPX Corp
SPXC
$10.3B
| $143M | 0.01% |
+585,099
| New | +$128M |
|
648
Dycom Industries
DY
$9.25B
| $143M | 0.01% |
+283,056
| New | +$124M |
|
649
Icon
ICLR
$13.1B
| $143M | 0.01% |
+820,998
| New | +$105M |
|
650
Evercore
EVR
$11.2B
| $142M | 0.01% |
+417,041
| New | +$143M |
|
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.