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 | |
|---|---|---|---|---|---|---|---|
676
Oshkosh
OSK
$7.82B
| $132M | 0.01% |
+858,321
| New | +$121M |
2013 Q2
52 quarters
|
|
677
Brixmor Property Group
BRX
$8.42B
| $132M | 0.01% |
+4,175,933
| New | +$127M |
2014 Q2
48 quarters
|
|
678
BJs Wholesale Club
BJ
$12.6B
| $131M | 0.01% |
+1,505,980
| New | +$138M |
2018 Q2
32 quarters
|
|
679
Reddit
RDDT
$30.8B
| $131M | 0.01% |
+756,324
| New | +$121M |
2024 Q1
9 quarters
|
|
680
ResMed
RMD
$33B
| $130M | 0.01% |
+664,714
| New | +$138M |
2013 Q2
52 quarters
|
|
681
Aecom
ACM
$7.59B
| $129M | 0.01% |
+1,853,035
| New | +$142M |
2020 Q2
24 quarters
|
|
682
Grab
GRAB
$12.9B
| $129M | 0.01% |
+34,195,909
| New | +$125M |
2022 Q3
15 quarters
|
|
683
TXNM Energy Inc
TXNM
$6.43B
| $129M | 0.01% |
+2,264,722
| New | +$133M |
2025 Q2
4 quarters
|
|
684
The Kraft Heinz Company
KHC
$26.6B
| $129M | 0.01% |
+5,442,313
| New | +$126M |
2015 Q3
43 quarters
|
|
685
Atour Lifestyle Holdings
ATAT
$4.47B
| $128M | 0.01% |
+4,029,737
| New | +$144M |
2023 Q4
10 quarters
|
|
686
ADT
ADT
$4.71B
| $128M | 0.01% |
+19,697,105
| New | +$135M |
2018 Q1
33 quarters
|
|
687
Portland General Electric
POR
$5.3B
| $128M | 0.01% |
+2,468,502
| New | +$125M |
2013 Q2
52 quarters
|
|
688
Five Below
FIVE
$11.8B
| $128M | 0.01% |
+710,784
| New | +$153M |
2014 Q2
48 quarters
|
|
689
Amkor Technology
AMKR
$12B
| $127M | 0.01% |
+1,477,233
| New | +$105M |
2013 Q2
52 quarters
|
|
690
Incyte
INCY
$22.6B
| $127M | 0.01% |
+1,119,107
| New | +$111M |
2013 Q2
52 quarters
|
|
691
Gildan
GIL
$7.81B
| $127M | 0.01% |
+2,461,732
| New | +$141M |
2013 Q2
52 quarters
|
|
692
BridgeBio Pharma
BBIO
$12.9B
| $126M | 0.01% |
+1,693,773
| New | +$119M |
2019 Q2
28 quarters
|
|
693
Axsome Therapeutics
AXSM
$8.7B
| $126M | 0.01% |
+514,266
| New | +$112M |
2020 Q1
25 quarters
|
|
694
RPM International
RPM
$12.4B
| $125M | 0.01% |
+1,126,418
| New | +$117M |
2013 Q2
52 quarters
|
|
695
DuPont de Nemours
DD
$17.5B
| $125M | 0.01% |
+920,190
| New | +$131M |
2013 Q2
52 quarters
|
|
696
SouthState Bank Corp
SSB
$9.77B
| $124M | 0.01% |
+1,238,885
| New | +$119M |
2014 Q3
47 quarters
|
|
697
GFL Environmental
GFL
$18.5B
| $124M | 0.01% |
+3,363,782
| New | +$127M |
2020 Q1
25 quarters
|
|
698
Planet Labs
PL
$5.81B
| $123M | 0.01% |
+3,706,569
| New | +$137M |
2025 Q4
2 quarters
|
|
699
JFrog
FROG
$12.2B
| $123M | 0.01% |
+1,348,331
| New | +$87.6M |
2020 Q3
23 quarters
|
|
700
Affiliated Managers Group
AMG
$9.87B
| $122M | 0.01% |
+361,473
| New | +$112M |
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.