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 | |
|---|---|---|---|---|---|---|
726
Core & Main
CNM
$8.19B
| $116M | 0.01% |
+2,399,645
| New | +$119M |
|
727
Post Holdings
POST
$3.69B
| $116M | 0.01% |
+1,309,435
| New | +$128M |
|
728
Cullen/Frost Bankers
CFR
$10B
| $115M | 0.01% |
+747,202
| New | +$106M |
|
729
Applied Digital
APLD
$7.8B
| $115M | 0.01% |
+3,088,677
| New | +$119M |
|
730
Madrigal Pharmaceuticals
MDGL
$12.6B
| $115M | 0.01% |
+213,886
| New | +$110M |
|
731
GameStop
GME
$8.19B
| $115M | 0.01% |
+5,201,045
| New | +$119M |
|
732
Liberty Media Series A
FWONA
$23.6B
| $115M | 0.01% |
+1,308,568
| New | +$108M |
|
733
Voya Financial
VOYA
$9.16B
| $114M | 0.01% |
+1,262,432
| New | +$103M |
|
734
EnerSys
ENS
$6.89B
| $114M | 0.01% |
+488,201
| New | +$106M |
|
735
Alkermes
ALKS
$8.2B
| $113M | 0.01% |
+2,156,814
| New | +$84.2M |
|
736
On Holding
ONON
$9.68B
| $113M | 0.01% |
+3,183,343
| New | +$116M |
|
737
Hecla Mining
HL
$14.4B
| $112M | 0.01% |
+7,239,979
| New | +$127M |
|
738
Compass
COMP
$8.52B
| $111M | 0.01% |
+9,035,228
| New | +$75.3M |
|
739
Molson Coors Class B
TAP
$7.77B
| $111M | 0.01% |
+2,857,828
| New | +$119M |
|
740
Gartner
IT
$12.4B
| $111M | 0.01% |
+854,653
| New | +$129M |
|
741
ESCO Technologies
ESE
$7.29B
| $109M | 0.01% |
+311,551
| New | +$97.5M |
|
742
International Flavors & Fragrances
IFF
$22.2B
| $109M | 0.01% |
+1,376,139
| New | +$102M |
|
|
DOCU
743
DocuSign
DOCU
$12.2B
| $109M | 0.01% |
+2,446,076
| New | +$115M |
|
744
MP Materials
MP
$10.5B
| $108M | 0.01% |
+1,934,575
| New | +$118M |
|
745
D-Wave Quantum Inc
QBTS
$6.67B
| $107M | 0.01% |
+4,477,459
| New | +$98.2M |
|
746
Flowserve
FLS
$10.4B
| $107M | 0.01% |
+1,443,317
| New | +$110M |
|
747
ICL Group
ICL
$7.32B
| $107M | 0.01% |
+21,297,802
| New | +$121M |
|
748
Lamb Weston
LW
$7.53B
| $106M | 0.01% |
+2,456,090
| New | +$106M |
|
749
TKO Group
TKO
$13.5B
| $106M | 0.01% |
+526,687
| New | +$103M |
|
750
Zurn Elkay Water Solutions
ZWS
$8.05B
| $106M | 0.01% |
+2,096,197
| New | +$102M |
|
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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.