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 | |
|---|---|---|---|---|---|---|
701
Wayfair
W
$14.4B
| $121M | 0.01% |
+1,309,943
| New | +$96.5M |
|
702
Lamar Advertising Co
LAMR
$15.3B
| $121M | 0.01% |
+775,936
| New | +$112M |
|
703
Medpace
MEDP
$17.1B
| $120M | 0.01% |
+226,954
| New | +$105M |
|
704
Booz Allen Hamilton
BAH
$9.01B
| $120M | 0.01% |
+1,980,931
| New | +$151M |
|
705
Darling Ingredients
DAR
$9.69B
| $120M | 0.01% |
+2,197,878
| New | +$131M |
|
706
TeraWulf
WULF
$8.23B
| $120M | 0.01% |
+4,859,227
| New | +$112M |
|
707
Western Alliance Bancorporation
WAL
$8.59B
| $120M | 0.01% |
+1,458,937
| New | +$115M |
|
708
Allegion
ALLE
$13.6B
| $120M | 0.01% |
+853,273
| New | +$116M |
|
|
RAL
709
Ralliant Corp
RAL
$7.01B
| $119M | 0.01% |
+1,622,772
| New | +$90.5M |
|
710
Wintrust Financial
WTFC
$10.3B
| $119M | 0.01% |
+742,963
| New | +$112M |
|
711
Acuity Brands
AYI
$10.2B
| $119M | 0.01% |
+316,972
| New | +$94M |
|
712
Zions Bancorporation
ZION
$9.91B
| $119M | 0.01% |
+1,724,832
| New | +$109M |
|
713
SharkNinja
SN
$27.2B
| $119M | 0.01% |
+780,159
| New | +$93.4M |
|
714
DT Midstream
DTM
$13.4B
| $119M | 0.01% |
+808,837
| New | +$114M |
|
715
Carlisle Companies
CSL
$14.3B
| $119M | 0.01% |
+327,130
| New | +$115M |
|
716
Toro Company
TTC
$9.47B
| $118M | 0.01% |
+1,216,221
| New | +$113M |
|
717
lululemon athletica
LULU
$13.1B
| $118M | 0.01% |
+1,031,854
| New | +$138M |
|
|
MRP
718
Millrose Properties Inc
MRP
$5.06B
| $118M | 0.01% |
+3,919,456
| New | +$113M |
|
719
Agree Realty
ADC
$9.1B
| $117M | 0.01% |
+1,551,258
| New | +$118M |
|
720
NNN REIT
NNN
$8.7B
| $117M | 0.01% |
+2,523,970
| New | +$113M |
|
721
Service Corp International
SCI
$11.4B
| $117M | 0.01% |
+1,543,721
| New | +$121M |
|
722
The Ensign Group
ENSG
$10.1B
| $117M | 0.01% |
+728,801
| New | +$129M |
|
723
Encompass Health
EHC
$11.8B
| $117M | 0.01% |
+1,154,864
| New | +$120M |
|
724
Praxis Precision Medicines
PRAX
$10.3B
| $116M | 0.01% |
+346,969
| New | +$110M |
|
725
Halozyme
HALO
$12.1B
| $116M | 0.01% |
+1,483,648
| New | +$101M |
|
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.